HomeMy WebLinkAboutText File ReportsCity of Miami
Text File Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www,ci.miami.fl.us
File ID: 05-00457
Enactment #: R-05-0341
Version: 1
Type: Resolution Status: Passed
Enactment Date: 5/26/05
Introduced: 5/10/05 Controlling Body: Office of the City
Clerk
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING
THE CITY MANAGER TO EXECUTE A PROFESSIONAL SERVICES AGREEMENT, IN
SUBSTANTIALLY THE ATTACHED FORM, WITH MICRO -BUSINESS USA, PURSUANT TO
RESOLUTION NO. 04-0687, ADOPTED OCTOBER 14, 2004, TO PROVIDE ADMINISTRATIVE
SERVICES FOR AN INDIVIDUAL DEVELOPMENT ACCOUNT PROGRAM IMPLEMENTED BY
THE DEPARTMENT OF COMMUNITY DEVELOPMENT, FOR A TWO-YEAR PERIOD.
WHEREAS, one of four cornerstones of the Mayor's Poverty Initiative is the goal to help the City of Miami ("City")
residents to save and accumulate assets thus allowing them the opportunity to reach self sufficiency; and
WHEREAS, the City wants to leverage federal funds to assist its residents in accumulating and increasing assets to
achieve bugness ownership, homeownership and increased education; and
WHEREAS, pursuant to Resolution No. 04-0687, adopted October 14, 2004, the transfer of funds from the Mayor's
Poverty Initiative fund, in the amount of $400,000, and the allocation of said funds to the Department of Community
Development to implement an Individual Development Account program to be administered by Micro -Business USA, which
is to be equally matched by both participant and federal funds and placed in a match savings account, was authorized; and
WHEREAS, a Professional Services Agreement ("Agreement") has been successfully negotiated with Micro -Business
USA;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and
incorporated as if fully set forth in this Section.
Section 2. The City Manager is authorized (1 ) to execute an Agreement, in substantially the attached form, with
Micro -Business USA, pursuant to Resolution No. 04-0687, adopted October 14, 2004, to provide administrative services for
an Individual Development Account program implemented by the Department of Community Development, for a two-year
period.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. {2}
City of Miami
Page I Printed on 7/1I12005
City of Miami
Text File Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.ci.miami.fl.us
File ID: 04-01095
Enactment #: R-04-0687
Version: I
Type: Resolution
Introduced: 9/20/04
Status: Passed
Enactment Date: 10/14/04
Controlling Body: Citywide
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING
THE TRANSFER OF FUNDS FROM THE MAYOR'S POVERTY INITIATIVE FUND IN THE
AMOUNT OF $400,000; ALLOCATING SAID FUNDS TO THE DEPARTMENT OF COMMUNITY
DEVELOPMENT TO IMPLEMENT AN INDIVIDUAL DEVELOPMENT ACCOUNT PROGRAM TO
BE ADMINISTERED BY MICRO -BUSINESS USA, WHICH IS TO BE EQUALLY MATCHED BY
BOTH PARTICIPANT AND FEDERAL FUNDS AND PLACED IN A MATCH SAVINGS
ACCOUNT.
WHEREAS, the Mayor's Poverty Initiative has, as one of its four cornerstones, the goal of helping City of Miami
("City") residents to save and accumulate assets thus allowing its residents the opportunity to reach self sufficiency; and
WHEREAS, the City wants to leverage federal funds to assist City residents in accumulating and increasing assets to
achieve busness ownership, homeownership and increased education; and
WHEREAS, federal program requirements include only three permissible uses for said matched funds including,
capitalizing a small business, post -secondary education and first-time homeownership; and
WHEREAS, funds, in the amount of $400,000, from the Mayor's Poverty Initiative are to be transferred to an Individual
Development Account to be administered by Micro -Business USA and to be equally matched by both participant and
federal funds and placed in a match savings account;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals contained in the Preamble to this Resolution are adopted byreference and incorporated as if
fully set forth in this Section,
Section 2. The transfer of funds from the Mayor's Poverty Initiative fund, in the amount of $400,000, and the
allocation of said funds to the Department of Community Development to implement an Individual Development Account
program to be administered by Micro -Business USA, which is to be equally matched by both participant and federal funds
and placed in a match savings account, is authorized.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor { l }.
City of Miami Page 1 Printed on 7/11/2005