HomeMy WebLinkAboutPre LegislationSEP-27-2004 11:47
CITY MANAGERS OFFICE
305 416 1019 P.02/05
J-03-247
3/25/03
RESOLUTION NO. 03 `a 378
A RESOLUTION OF THE MIAMI CITY COMMISSION
AUTHORIZING THE EXPENDITURE OF FUNDS, IN AN
AMOUNT NOT TO EXCEED 200,000 TO UNDERWRITE
EXPENSES ASSOCIATED WITH IMPLEMENTATION
OF PHASE II OF THE MAYOR'S CITYWIDE POVERTY
INITIATIVE (ACCI6N MIAMI - MICRO -LENDING
INITIATIVE t $150,000); FROM THE SPECIAL
REVENUE ACCOUNT ENTITLED, "POVERTY
INITIATIVE;" ALLOCATING FUNDS FROM FISCAL
YEAR 2002-2003 BUDGETED FUNDS; FURTHER
DIRECTING THE CITY MANAGER TO NEGOTIATE THE
NECESSARY AGREEMENT(s) TO IMPLEMENT SAID
PHASE AND PRESENT THE NEGOTIATED
AGREEMENT(5) TO THE CITY COMMISSION FOR
CONSIDERATION.
WHEREAS, in the 2000 United States Census the City of Miami
("City") was found to be the poorest, large city in the United
States; and
--WHEREAS, the Mayor and Commissioners of the City of Miami
have resolved to use their best efforts to assist City residents
by appealing to the State and Federal government, foundations,
etc. to leverage and any funds available to the City to assist
its poor; and
CITY COMM78 ZO3
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Avooiullan Na.
03- 378.
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SEP-27-2004 11:47 CITY MANAGERS OFFICE
305 416 1019 P.03/05
WHEREAS, on September 26, 2002, the City Commission
approved Resolution No. 02-1072 designating 62,O00,000 Of the
Fiscal Year 2002 surplus as Management Reserves to fund the
Citywide Poverty Initiative; and
WHEREAS, the goal of the Citywide Poverty Initiative is to
assist low and moderate -income individuals and families to: (1)
access existing public benefits, (2) improve their financial
literacy, (3) obtain access to quality sources of loan and
equity capital, and (4) save to build wealth and accumulate
assets; and
WHEREAS, on. January 23, 2003, the City Commiaeion approved
Resolution No. 03-94 adopting the Citywide Poverty initiative
Pan and authorizing the expenditure of $150,000 to underwrite
the- ni ial phase --of- the plan- _a- local outreach campaign to
increase awareness about the Earned Income Credit (ETC) and
Child Tax Credit (CTC); and
WHEREAS, the City Commission desires to implement Phase IT
of said plan, to affirm the City's support of a local,
collaborative effort to expand acoees to sources of quality loan
capital among small business owners And entrepreneurs;
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03- 378
SEP-27-2004 11:47 CITY MANAGERS OFFICE
305 416 1019 P.04/05
a
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE
CITY OF MIAMI,FLORIDA:
Section 1, This 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 expenditure of funds, in an amount not
to exceed $200, 000, to underwrite expenses associated with the
implementation of Phase II of the Mayor's Citywide Poverty
Initiative (Iacci6n Miami - Micro -lending Initiative, $150,000)
is authorized with funds allocated from Fiscal Year 2002-2003
budgeted funds, for the Special Revenue Fund entitled, "Poverty
Initiative."
Section 3. The City Manager is authorizedl/ to negotiate
the necessary Agreement(a), in a form acceptable to the City
Attorney, to implement said Phase, and to present the negotiated
Agreement(u) to the City Commission for consideration.
The herein authorization is further eubject to compliance, with
all requirements that may be imposed by the City Attorney,
including but not limited to those prescribed by applicable City
charter and Code proviai.pne.
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03- 378
SEP-27-2004 11:47
CITY MANGERS OFFICE 305 416 1019 P.05/05
Section 4. This Resolution shall become effective
immediately upon ite adoption and signature of the Mayor,a'
PASSED AND ADOPTED this 10h
ATTEST:
PRISCILLA A. THOM "SON
CITY CLERK
APPROVED ASRM AND CORRECTNEEBt/
RO VILARELLO
Y ATTORNEY
W7OS4;tr:AS:ESS
day of April
2003.
L A. DIAZ, MAYOR
If the ~
Mayor does not sign this effective at the end o; ten calendar da stifrom.theedate hall became
passbecome
and adopted. # the Y it was
pass bscome effective 'im . Or vetoes this Resolution, it
the City 4mrni�aiQ4
C mqi a day upcs oyerx4 d, 0the vatQ by
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