HomeMy WebLinkAboutPre AttachmentsTransferring CDBG Closed out funds and Commercial Facade Program funds to Allapattah Development, LLC. and Telemiami inc.
ATTACHMENT "A"
Sources of Reallocation
Amount
Recommended
Activity•Name/Description
Amount
Redistribution of funds to
Agencies!Program
East Little Havana Community
Development Corporation - Latin
Quarter (IDIS# 907)
$24,859.55
Allapattah Development, LLC.
CDBG: Special Economic
Development Activities: For
the acquisition of a building
located at 868 NW 21
Terrace: Creation of forty jobs
for City of Miami residents
$300,000.00
University of Miami (ID1S# 1337)
$11,633.25
Telemiami, Inc.
CDBG: Special Economic
Development Activities: For
the expansion of a business
located at 2920 NW 7th
Street; Creation of forty jobs
for City of Miami residents
$300,000.00
The Edgewater Economic Development
Corporation, Inc. (IDIS# 1473)
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$16,144.57
Small Business Opportunity Center Inc.
(IDIS# 1476)
$67,016.82
Jubilee Community Development
Corporation - Pueblo Del Sol (IDIS#
1755)
$91,020.22
South Florida Workforce Board, Inc
$49,500.00
City of Miami Department of Community
Development Commercial Facade
Program (IDIS# 1662)
$339,825.59
Total
5600,000.00
$600,000.00
1 / /2 nil ,-, < A 7) 9 i..
AMENDMENT #1
This Amendment #1 to that certain Memorandum of Agreement between the City of
Miami, a municipal corporation of the State of Florida ("City") and Downtown Miami
Partnership, Inc. ("Subrecipient') dated (the "Agreement") is entered
into this day of , 200_.
RECITAL
WHEREAS, the City and Sub -recipient, have heretofore entered into the Agreement
which sets forth the terms and conditions pursuant to which the City provided Subrecipient the
sum of One hundred thousand dollars ($100,000) to carry out commercial rehabilitation program
activities as authorized by the City Commission through Resolution No. 05-0382; and
WHEREAS, pursuant to Resolution No. R- passed and adopted by the City of
Miami Commission on additional funds in the amount of twenty thousand
($20,000.00) dollars ("Additional Funds") were approved to assist the Sub -recipient in the
provision under the Work Program.
WHEREAS, except as amended below, all contract funds are subject to the same terms
and conditions as contained in the Agreement.
NOW, THEREFORE, in consideration of the foregoing, the City and Subrecipient
hereby agree to amend the Agreement as follows:
I. The maximum compensation under this agreement shall be $120,000.00.
IL Exhibit C — COMPENSATION AND BUDGET SUMMARY of the Agreement is
removed and replaced with the updated Exhibit C, attached to this Amendment.
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IN WITNESS THEREOF, the City and Subrecipient have caused this instrument to be
executed by their respective officials as of the date of the first above written.
SUBRECIPIENT
Downtown Miami Partnership, Inc.
25 SE 2"d Ave., Suite 1007
Miami, Florida 33131-1603
a Florida not -for -profit corporation
ATTEST:
By:
Name: Date Name:
Title Title:
CORPORATE SEAL:
Date
ATTEST: CITY OF MIAMI, a municipal Corporation
of the State of Florida
By: By:
Priscilla A. Thompson Date Joe Arriola
City Clerk City Manager
Date
APPROVED AS TO APPROVED AS TO INSURANCE
FORM AND CORRECTNESS: REQUIREMENTS:
By: By:
Jorge L. Fernandez Date Dania F. Carrillo Date
City Attorney Administrator Risk Management
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EXHIBIT C — COMPENSATION AND BUDGET SUMMARY
A. 1. The City will compensate the Agency on a performance basis for the
Commercial Facade Program. The City will compensate the agency at a
rate of 20 % of the actual project costs up to a maximum of $10,000.00
per business, or a maximum of $2,000 per business location.
2. The City will compensate the Agency on a performance basis for the
Commercial Code Compliance Program. The City will compensate the
agency at a rate of 20 % of the actual project costs up to a maximum of
$15,000.00 per business, or a maximum of $3,000 per business location.
B. The maximum total compensation for this Agreement shall be $120,000.00.
C. During the term hereof and for a period of three (3) years following the date of the
payment made hereunder, the CITY shall have the right to review and audit the
related records of the SUBRECIPIENT pertaining to any payments by the CITY.
D. Requests for payment should be made at least on a monthly basis in a form to be
provided by the Department. Reimbursement requests should be submitted to the
CITY within thirty (30) calendar days after the indebtedness has been incurred in
a form provided by the Department.
E. The SUBRECIPIENT must submit the request for final payment to the CITY
within 30 calendar days following the expiration date or termination date of this
Agreement in a form to be provided by the Department. If the SUBRECIPIENT
fails to comply with this requirement, the SUBRECIPIENT shall forfeit all rights
to payment and the CITY shall not honor any request submitted thereafter.
F. Any payment due under this Agreement may be withheld pending the receipt and
approval by the CITY of all reports due from the SUBRECIPIENT as a part of
this Agreement and any modifications thereto.
Name:
Title:
Date
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