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HomeMy WebLinkAboutSummary FormDate: 7/11/2005 AGENDA ITEM SUMMARY FORM FILE ID: (') 5 00-7 3 Requesting Department: Community Development Commission Meeting Date: 7/28/2005 District Impacted: Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Amending Resolution Numbers 04-0687 and 05-0341 Purpose of Item: AMENDING RESOLUTION NUMBER 04-0687, ADOPTED OCTOBER 14, 2004, AND RESOLUTION NUMBER 05-0341, ADOPTED ON MAY 26, 2005, TO REFLECT THE CORRECT LEGAL ENTITY NAME AS PARTNERS FOR SELF-EMPLOYMENT, INC. Background Information: See attached 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: Final Approvals (SIGN AND DATE) Dept. Direct City Manager Page 1 of 1 Amending Resolution Numbers 04-0687 and 05-0341 Agenda Summary Attachment Background Information • Pursuant to Resolution No. 04-0687, adopted October 14, 2004,authorized the transfer of funds from the Mayor's Poverty Initiative fund, in the amount of $400,000, to the Department of Community Development to implement an Individual Development Account program to be administered by Micro -Business USA; and • Pursuant to Resolution No. 05-0341, adopted on May 26, 2005, the City Commission authorized the City Manager to execute a professional services agreement with Micro- Business, USA; and • Micro -Business, USA is a State of Florida registered fictitious name for Partners Self -Employment, Inc.; and • Since there was no reference to the actual legal entity name for Micro -Business, USA, the City Attorney's office has notified the Department of Community Development that the City cannot enter into an agreement solely with a fictitious name.