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HomeMy WebLinkAboutsummary formAGENDA ITEM SUMMARY FORM FILE ID: 05 - Oo2.R5 Date: 3/21/2005 Commission Meeting Date: 4/14/2005 District Impacted: Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item Requesting Department: City Manager's Office ❑ Other Subject: Haitian American Foundation Promissory Note Purpose of Item: City Commission Resolution Ratifying the Acceptance of a Ninety -Day Promissory Note from the Haitian American Foundation Background Information: Due to time restrictions, a ninety -day promissory note ("Note"), in an amount not exceeding $67,140, was accepted from the Haitian American Foundation, Inc., ("Foundation") for the payment of the City of Miami Police Department Special Events Detail Fee. The acceptance of the note allowing the Foundation to attend and participate in the World Mardi Gras 2005 event, held in Downtown Miami. on February 12, 2005. The Foundation's request to issue the Promissory Note was received two days prior to the parade event. Because time was of the essence, a delay in the acceptance of the Promissory Note would have disallowed the Foundation from its participation in the parade. Budget Impact Analysis Is this item related to revenue? Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: CIP If using or receiving capital funds Grants Purchasing Chief Final Approvals (SIGN AND DATE) Budget Risk Managem Dept. Director City Manager n.,,.o t of 1