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HomeMy WebLinkAboutText File Report 2City of Miami Text File Report City Hall 3500 Pan American Drive Miami, Fl, 33133 www.miumigov.com File ID: 04-01281 Enactment #: R-04-0734 Version: 2 Type: Resolution Status: Passed Enactment Date: 11/18/04 Introduced: 1 l/8/04 Controlling Body: Office oldie City Clerk A RESOLUTION OF THE MIAMI CITY COMMISSION ESTABLISHING A NEW SPECIAL REVENUE FUND ENTITLED: "DR. MARTIN LUTHER KING JR. RECLAIM THE DREAM INITIATIVEā€ ("FUND"); ALLOCATING FUNDS, IN THE AMOUNT NOT TO EXCEED $50,000, FROM THE SPECIAL REVENUE FUND ENTITLED "POVERTY INITIATIVE;" DIRECTING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS TO ESTABLISH SAID FUND FOR THE REVENUE AND EXPENDITURE INDEX AS A COST CENTER ENTITLED: "DR. MARTIN LUTHER KING JR. COMMERCIAL FACADE PROJECT" COMMENCING IN FISCAL YEAR 2004-2005, FOR SAID PROJECT. WHEREAS, the Dr. Martin Luther King Jr. Reclaim The Dream Initiative entails economic revitalization efforts along Martin Luther King, Jr. ("MLK") Boulevard which include, but are not limited to, commercial facade improvements, historic designations and streetscape improvements which are aimed at improving the quality of life for area businesses and residents; and WHEREAS, pursuant to Resolution No.04-0378, adopted June 10, 2004, the City Commission authorized the City of Miami ("City') to undertake the MLK Boulevard Commercial Facade Improvement Program ("MLK Facade Program") in partnership with Miami -Dade County ("County"); and WHEREAS, both the City and the County have each approved funding in the amount of $250,000 for commercial facade improvements to businesses on MLK Boulevard; and WHEREAS, the MLK Facade Program requires a property owner's contribution of up to ten percent (10%) for participation in the program; and WHEREAS, because of the financial challenges for businesses in the area to be covered by the MLK Facade Program, the Mayor has agreed to provide the property owner's contribution as part of the Mayor's Poverty Initiative Campaign; and WHEREAS, the objective of economic revitalization through an improvement in the quality of life for businesses and residents in the area to be covered by the MLK Facade Program is consistent with the Mayor's Poverty Initiative Campaign; and WHEREAS, the use of the City's Community Development Block Grant ("CDI3G") Program funds as previously provided in Resolution No. 04-0378, adopted June 10, 2004, will provide the necessary account structure for the City's CDBG contribution; and City of Miami . Page t Printed on 3/29/2007 center. Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{2} City of Miami Page 2 Printed on 3/29/2007