HomeMy WebLinkAboutSummary FormDate: 08/15/2007
AGENDA ITEM SUMMARY FORM
FILE ID: 0 7 .-O DLO
PH.14
Requesting Department: Community Development
Commission Meeting Date: 09/11/2007 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Funding Fanm AyisYVfNan Miyami, Inc.
Purpose of Item:
AUTHORIZING THE TRANSFER OF 33RD PROGRAM YEAR COMMUNITY DEVELOPMENT BLOCK GRANT
("CDBG") FUNDS, IN THE AMOUNT OF $50,000, FROM THE DEPARTMENT OF COMMUNITY
DEVELOPMENT DISTRICT 5 ECONOMIC DEVELOPMENT RESERVE; ALLOCATING SAID FUNDS TO
FANM AYISYEN NAN MIYAMI, INC., TO PROVIDE TECHNICAL ASSISTANCE TO MICRO -ENTERPRISE
PROGRAM PARTICIPANTS; AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT, IN
SUBSTANTIALLY THE ATTACHED FORM, WITH SAID AGENCY FOR SAID PURPOSE.
Background Information:
Pursuant to Resolution No. 07-0315, adopted June 12, 2007, the City Commission authorized the allocation of
33rd Program Year Community Development Block Grant Funds, in the amount of $3,900,000, in the economic
development category.
Fanm AyiSl'etiNan Miyami, Inc., a not -for -profit organization, provides technical assistance to for -profit
businesses, specifically Micro -Enterprise Program participants.
Fanm AyisftNan Miyami, Inc. submitted a written request for funding in the amount of $50,000 to provide
technical assistance to participants in the Micro -Enterprise Program.
Fanm AyisyerMiyami, Inc. is one of only two agencies that provide this type of service.
The Administration is recommending the transfer of 33`d Program Year Community Development Block Grant
funds, in the amount of $50,000, from the Department of Community Development District 5 Economic
Development Reserve, and allocating said funds to Fanm Ayisyen Nan Miyami, Inc., to provide technical
assistance, to Micro -Enterprise Program participants.
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:
C/P Project No:
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Dept. Directo
Chief .,�
Final Approvals
SIGN AND DATE'
City Manager