HomeMy WebLinkAboutSummary FormDate: 8/15/2007
AGENDA ITEM SUMMARY FORM
FILE ID: o 1 — 0 ) (�
PH.13
Requesting Department: Community Development
Commission Meeting Date: 09/11/2007 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: TRANSFERRING FUNDS TO SEVERAL MICRO ENTERPRISE BUSINESSES.
Purpose of Item:
AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG")
FUNDS, IN THE AMOUNT OF $44,750.00, AND ALLOCATING SAID FUNDS TO THE
BUSINESSES/BUSINESS OWNERS AS SPECIFIED IN "EXHIBIT A," ATTACHED AND
INCORPORATED; AUTHORIZING THE EXTENSION OF THE CONTRACTS EXECUTED WITH
EACH BUSINESS/BUSINESS OWNERS AS SPECIFIED IN "EXHIBIT B," ATTACHED AND
INCORPORATED, TO PROVIDE ECONOMIC DEVELOPMENT ACTIVITIES UNDER THE MICRO -
ENTERPRISE ASSISTANCE GRANT PROGRAM; AUTHORIZING THE CITY MANAGER TO
EXECUTE AMENDMENT(S) TO THE EXISTING AGREEMENT(S), IN SUBSTANTIALLY THE
ATTACHED FORM(S), WITH SAID ENTITIES, FOR SAID PURPOSES..
Background Information:
Pursuant to Resolution 06-0325, adopted May 25, 2006, the City Commission allocated a total
amount of $100,000.00, in CDBG funds, to Neighbors and Neighbors Association, Inc. ("NANA") to
assist twenty small businesses under the Micro -Enterprise Assistance Grant program.
Pursuant to Resolution 06-0371, adopted June 8, 2006, the City Commission allocated a total
amount of $250,000.00, in 32nd Program Year CDBG funds, to several micro business enterprises for
economic development activities in the 32nd year.
NANA, an agency that provides assistance to micro -enterprise program businesses, has
recommended the City to recapture funds from participants who have closed their businesses,
moved out of the district, and/or failed to meet the program requirements.
Said businesses/ business owners are specified in "Exhibit A," attached and incorporated.
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 DefenselNeighborhood Improvement Bonds?
CIP
Grain. ng or receiving capital funds
Final Approvals
(SIGN AND DATE)
Budget
Risk Management
Dept. Director
City Manager