HomeMy WebLinkAboutSummary FormDate: 01/29/2008
AGENDA ITEM SUMMARY FORM
FILE ID: O b + 00 r� `1 9
PH.3
Requesting Department: Community Development
Commission Meeting Date: 02/28/2008 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Allocating funds to Urban Empowerment Corporation
Purpose of Item:
ALLOCATING FUNDS, IN THE AMOUNT OF $167,000.00, FROM THE CITY OF MIAMI DEPARTMENT OF
COMMUNITY DEVELOPMENT DISTRICT 2 ECONOMIC DEVELOPMENT RESERVE TO URBAN
EMPOWERMENT CORPORATION, TO PROVIDE TECHNICAL ASSISTANCE TO FOR -PROFIT
BUSINESSES TO CREATE JOBS FOR LOW TO MODERATE INCOME INDIVIDUALS, AS SPECIFIED IN
EXHIBIT "A", ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE AN
AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, WITH SAID AGENCY FOR SAID PURPOSE.
Background Information:
Urban Empowerment Corporation ("UEC") is a non-profit Florida corporation located at 3672 Grand Avenue,
Coconut Grove, Florida, whose mission is to provide economic development, housing and social services to the
businesses and residents of the Coconut Grove community.
Pursuant to Resolution No. 07-0488, adopted September 11, 2007, the City Commission approved an
allocation of $167,000.00 to UEC for economic development activities in District 2 for the 33rd Program Year.
The City subsequently learned that a conflict of interest existed under 24 CFR § 570.611.
In response to said conflict, the City Commission adopted Resolution No. 08-0021 on January 10, 2008, de -
obligating the $167,000.00 allocated to UEC.
Pursuant to 24 CFR § 570.611(2)(b), the conflict of interest no longer exists because one year has passed
since the tenure of the conflicted person ended.
The Administration recommends the allocation of funds, in the amount of $167,000.00, from the City of Miami
Department of Community Development District 2 Economic Development Reserve, to UEC to provide
technical assistance to for -profit businesses to create jobs for low to moderate income individuals.
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 Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Dept. Direc
Chief
Final Approvals
D DATE)
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City Manager