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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 08-00227 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE TRANSFER OF FUNDS, IN THE AMOUNT OF $250,000, FROM THE CITY OF MIAMI DEPARTMENT OF COMMUNITY DEVELOPMENT DISTRICT 5 BUSINESS CORRIDOR EXPANSION AND REHABILITATION ACCOUNT: ALLOCATING SAID FUNDS TO NEIGHBORS AND NEIGHBORS ASSOCIATION, INC., AS SPECIFIED IN EXHIBIT "A," ATTACHED AND INCORPORATED, TO PROVIDE SPECIAL ECONOMIC DEVELOPMENT ACTIVITIES FOR THE COMMERCIAL REHABILITATION OF THE PROPERTIES LEGALLY DESCRIBED IN EXHIBIT "B," ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, WITH SAID AGENCY, FOR SAID PURPOSE. WHEREAS, Neighbors and Neighbors Association, Inc. ("NANA"), is a non-profit Florida corporation located at 180 Northwest 62 Street, Miami, Florida, whose mission is to help small businesses in disadvantaged communities by providing technical assistance, assistance in developing business plans, and submitting grant and loan applications on behalf of member businesses; and WHEREAS, pursuant to Resolution No. 04-0378, adopted June 10, 2004, the City Commission authorized the allocation of 30th year Community Development Block Grant ("CDBG") funds in the amount of $250,000, to the City of Miami ("City") Department of Economic Development for economic development and/or public facilities and improvements activities, specifically to undertake the Martin Luther King Initiative; and WHEREAS, pursuant to Resolution No. 04-0734, adopted November 18, 2004, the City Commission established a new special revenue fund entitled: "Dr. Martin Luther King Jr. reclaim the Dream Initiative Fund" to fund economic development activities along Martin Luther King Jr. Boulevard, in conjunction with Miami -Dade County; and WHEREAS, pursuant to Resolution No. 05-0682, adopted November 17, 2005, the City Commission authorized the extension and rollover of accounts of previously approved activities/projects that were not completed, including the Martin Luther King Boulevard Commercial Facade Improvement Project, to the 2005-2006 fiscal year; and WHEREAS, pursuant to Resolution No. 07-0264, adopted May 10, 2007, the City Commission, because of a lack of progress on said project, authorized the transfer of $250,000, from the City Department of Economic Development to the City Department of Community Development District 5 Business Corridor Expansion and Rehabilitation Project account, for the rehabilitation of the exterior of commercial buildings; and WHEREAS, it is in the interest of the City to rehabilitate the commercial facades in the District 5 City of Miatni Page 1 of 3 Printed On: 3/3/2008 File Number: 08-00227 business corridor, to correct code violations and make other improvements necessary to improve the appearance and operation of businesses serving low to moderate income areas; and WHEREAS, the commercial properties to be rehabilitated are located in a low to moderate income area; and WHEREAS, the participating property owners will be required to secure the rehabilitation grant hard -costs with a five year covenant filed against the real property title; and WHEREAS, the Administration recommends the transfer of funds, in the amount of $250,000, from the City Department of Community Development District 5 Business Corridor Expansion and Rehabilitation account, and the allocation of said funds to NANA, as specified in Exhibit "A," to provide special economic development activities for the commercial rehabilitation of the properties legally described in Exhibit "B;" NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The 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 transfer of funds, in the amount of $250,000, from the City Department of Community Development District 5 Business Corridor Expansion and Rehabilitation account, and the allocation of said funds to NANA, as specified in Exhibit "A," to provide special economic development activities for the commercial rehabilitation of the properties legally described in Exhibit "B," is authorized. Section 3. The City Manager is authorized{1} to execute an Agreement with NANA, in substantially the attached form, for said purpose. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{2} APPROVED AS TO FORM AND CORRECTNESS: MARIA J. CHIC' 'R 14 INTERIM CITY ATTORNEY City of Miami Page 2 of 3 Printed On: 2/28/2008 File Number. 08-00227 Footnotes: {1} The herein authorization is further subject 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 provisions. {2) If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. Ciry of Miami Page 3 of 3 Printed On: 2/28/2008