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HomeMy WebLinkAboutText File ReportCity of Miami Text File Report City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File ID: 06-00820 Enactment #: R-06-0325 Version: 1 Type: Resolution Status: Passed Enactment Date: 5/25/06 Introduced: 5/5/06 Controlling Body: Office of the City Clerk A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT GRANT FUNDS, IN THE TOTAL AMOUNT OF $100,000, FROM NEIGHBORS AND NEIGHBORS ASSOCIATION, INC.; ALLOCATING SAID FUNDS, TO THE BUSINESSES/BUSINESS OWNERS, AS SPECIFIED IN "ATTACHMENT A," ATTACHED AND INCORPORATED, TO PROVIDE ECONOMIC DEVELOPMENT ACTIVITIES UNDER THE MICRO -ENTERPRISE ASSISTANCE GRANT PROGRAM; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENT(S), IN SUBSTANTIALLY THE ATTACHED FORKS), WITH SAID ENTITIES, FOR SAID PURPOSES. WHEREAS, pursuant to Resolution No. 03-0713, adopted June 24, 2003, the City Commission approved allocating the amount of $100,000 to Neighbors and Neighbors Association, Inc_, ("NANA") to assist twenty small businesses; and WHEREAS, NANA has qualified via the Small Business Loan applications, the entities as specified in "Attachment A," attached and incorporated; and WHEREAS, the Administration is recommending the transfer of funds in the amount of $100,000 from NANA to those entities specified is said attachment; and WHEREAS, each entity will be awarded a grant in the amount of $5,000 to provide economic development activities; and WHEREAS, said funds will be utilized for working capital, equipment, inventory, fixtures and salaries; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section I. The recitals 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 Community Development Block Grant funds, in the total amount of $100,000, from NANA and the allocation of said funds to the businesses/business owners, as specified in "Attachment A," attached and incorporated, to provide economic development activities under the Micro -Enterprise Assistance Grant Program, is authorized. Section 3. The City Manager is authorized { 1) to execute the necessary document(s), in substantially the attached form(s), with said entities, for said purposes. City of Miami Page 1 Printed on 3/13/2008 Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. {2) City of Miami Page 2 Printed on 3/13/2008