HomeMy WebLinkAboutSummary FormDate: 10/20/2005
AGENDA ITEM SUMMARY FORM
FILE ID: oc--t/ 3 CI
Requesting Department: Community Development
Commission Meeting Date: 11/17/2005 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Downtown Miami Partnership, Inc.
Purpose of Item:
AMENDING ATTACHMENTS "A" OF RESOLUTIONS NO. 05-0382, ADOPTED JUNE 9, 2005,
AND 05-0477, ADOPTED JULY 28, 2005, TO REFLECT THAT FUNDS, IN THE TOTAL
AMOUNT OF $120,000, ALLOCATED TO DOWNTOWN MIAMI PARTNERSHIP, INC., AS
SPECIFIED IN ATTACHMENTS "A" AND "B" , BE CHANGED TO STATE "FOR THE
IMPLEMENTATION OF AN URBAN NEIGHBORHOOD JOB CREATION PROGRAM WHICH
WILL PROVIDE REHABILITATION OF BUILDING EXTERIORS AND JOB CREATION
OPPORTUNITIES FOR CITY OF MIAMI RESIDENTS"; FURTHER AUTHORIZING THE
TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS, AS
SPECIFIED IN ATTACHMENT "C", ATTACHED AND INCORPORATED, IN THE AMOUNT
OF $500,000; ALLOCATING SAID FUNDS TO SAID AGENCY FOR THE CONSTRUCTION
COSTS ASSOCIATED WITH AN URBAN NEIGHBORHOOD JOB CREATION PROGRAM;
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:
Dept. Directo
Chie
Final Approvals
(SIGN AND DATE)
City Manager
Paon 1 of 1
DOWNTOWN MIAMI PARTNERSHIP, INC.
AGENDA SUMMARY ATTACHMENT
Background Information:
• Pursuant to Resolution No. 05-0382, adopted on June 9, 2005, the City
Commission awarded Downtown Miami Partnership, Inc. ("DMP") the
amount of $100,000 for Commercial Facade Treatment/ Commercial Code
Compliance activities for 2005-2006
• Pursuant to Resolution No. 05-0477, adopted July 28, 2005, the City
Commission awarded DMP the amount of $20,000 for Commercial
Facade Treatment) Commercial Code Compliance activities for 2005-2006
• DMP will no longer be providing Commercial Facade Treatment/
Commercial Code Compliance activities
• The Administration is recommending that the funds previously allocated to
DMP for the 31st year, in the total amount of $120,000, be for the
implementation of an Urban Neighborhood Job Creation Program
• Said program will provide rehabilitation of building exteriors and job
creation opportunities for City of Miami residents
• Qualifying businesses requesting rehabilitation of buildings must apply
through an RFP process
• Qualifying businesses must meet a five year covenant, requiring the
beneficiary to have continuous ownership of the building for a minimum of
five years and must achieve the job creation National Objective
• For every $15,000 of assistance provide, qualifying businesses must
create one job for City of Miami residents
• Failure to meet said minimum requirements will result in the qualifying
business returning 100% of the assistance provided
• The amount of $500,000 will be used for actual construction costs
associated with the rehabilitation of building exteriors