HomeMy WebLinkAboutAttachment A"Attachment A"
District 2 Economic Development Activities
Sources of Allocation
Amount
Recommended
Services Provided
Amount
i
i '
Redistribution of
funds to
Agencies/Program
District 2 — Economic Development
Reserve (FY 2006-2007)
$314,000.00
Rafael Hernandez
Housing &
Economic
Development Corp_
Commercial Facade
Program
550,000.00
District 2 — Economic Development
Reserve (FY 2007-2008)
$574,00.00
Department of
Community
Development
Funds to be utilized for hard
costs associated with the
Commercial Facade
Program
$201,000.00
Downtown Miami
Partnership. Inc.
Technical Assistance to for
profit business
$100,000.00
Urban
Empowerment
Corporation
Technical Assistance to for
profit business
$167,000.00
Kidco Childcare Inc.
Acquisition
$300,000.00
Bakehouse Art
Complex Inc.
Public Fecilities and
Improvements
$40,000.00
Unique Design
Boutique, Inc.
Micro Enterprise
$10,000.00
Margie's Place Inc.
Micro Enterprise
$10.000.00
West Grove Food
Zone
Micro Enterprise
$10,000.00
1
Total:
5888,000.00
Total:
5888,000.00
,-, ;.
t �, ' /
District 2
33rd Program Year CDBG Economic Development Funding
Score ( Score
Agency Name j District 1* , 2* ; Recommendation
Rafael Hernandez
Housing & Economic
Development Corp._
Downtown Miami
Partnership, Inc.
Urban Empowerment
Corporation
Kidco Childcare Inc.
Bakehouse Art
Complex Inc.
Micro Enterprise
Unique Design
Boutique, Inc
Margie's Place
Activity
Total $251,000 ($50,000 soft
2 100 101 cost & $201,000 for hard costs) Technical Assistance - Facade Program.
2 ; 97 1 93
2 I 86 90
$300,000 (up to 55% of the cost
2 77 77 of acquistion, 1st position
mortgage, 15 yr restriction on
sale) Acquistion
$100,000 Technical Assistance to for profit business
$167,000 Technical Assistance to for profit business
2
81 80
Recommended
2 1 Recommended
West Grove Food Zone. 2 Recommended
2
" Maximum possible score is 115 points
$40,000
$10,000
$10,000
$10,000
(Public Facilities and Improvements
Micro -Enterprise
Micro -Enterprise
Micro -Enterprise
1