HomeMy WebLinkAboutworksheetCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO :
FROM :
Th
C
ty
Job,
City
onorab Mayor and
ommi sioners
iota
anager
DATE :
SUBJECT:
REFERENCES:
ENCLOSURES:
November 4, 2004
FILE :
Worksheet for Agenda Item
For November 18 Meeting
Department Requesting Agenda Item: Department of Community Development
1. Subject: CDBG Funding to Rafael Hernandez Housing & Economic Development
Corporation (RHHED) for Economic Development
2. Purpose of item; Transferring CDBG funds in the amount of $100,000 to RHHED to
provide technical assistance to individual businesses within the Wynwood art community
and create jobs for citywide residents.
3. History of item: In order to bring the arts to the forefront in the Wynwood area, RHHED
has requested CDBG Economic Development funds from the City of Miami to provide
technical assistance to individual businesses within the Wynwood art community.
RHHED's goal is to foster initiatives in partnership with government and the private
sector which will focus on the small business arts community. This will be accomplished
by providing technical assistance to individual businesses and creating jobs for citywide
residents.
RHHED has a proven record of their efforts to improve the Wynwood area through its
rehabilitation of 200 businesses, job creation and technical assistance to the Wynwood
business community.
4. Does this item correlate with the CIP plan or Strategic Plan? If so, how? This item is in
compliance with the City's Consolidated Plan approved by HUD.
5. Does this item have any effect on residents within the City of Miami? If so, how?
This item will promote and increase business opportunities for the Wynwood art
community and will serve as a catalyst developing near and long term economic impact
projects based on the arts. This item will create job opportunities for citywide residents.
6. Will this item impact any specific District? If so, which one? Primarily District 1 and 2
but it will also impact city wide residents because of the job creation opportunities.
7. Does this item have any fiscal impact? (please provide dollar amount)
Agency/Activity
Transfer Fromt
Transfer To:
The Edgewater Economic Development Corporation Inc. (IDIS#1473
— 29th year close out funds)
$30,000
Small Business Opportunity Center, Inc. (IDIS# 1476- 29th year close
out funds)
$50,000
30h Year Economic Development Reserve
District 1 (IDIS#1669)
$20,000
Rafael Hernandez Housing& Economic Development Corporation
$100,000
Total Funds:
$100,000
$100,000
(eft 136X-
Approved by: Director oei Chief U/ Manage