HomeMy WebLinkAboutSummary Form74,
Date: 06/03/08
AGENDA ITEM SUMMARY FORM
FILE ID: Qt O126
Requesting Department: Community Development
q
Commission Meeting Date: 07/10/08 District Impacted:
Type: ® Resolution l Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Extend agreement end term date with certain Micro -Enterprise Businesses/Business Owners
Purpose of Item:
AUTHORIZING THE CITY MANAGER TO EXTEND THE AGREEMENT END TERM DATE,
BETWEEN THE CITY OF MIAMI AND CERTAIN MICRO -ENTERPRISE BUSINESSES/BUSINESS
OWNERS AS SPECIFIED IN EXHIBIT "A", ATTACHED AND INCORPORATED, FROM
DECEMBER 31, 2007 TO DECEMBER 31, 2008, TO PROVIDE ECONOMIC DEVELOPMENT
ACTIVITIES UNDER THE MICRO -ENTERPRISE ASSISTANCE GRANT PROGRAM.
Background Information:
Please see attached.
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:
Dep . ►` ctor
Chie City Manager
Final Approvals
(SIGN AND DATE)
Page 1 of 1
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. 06-0325, adopted May 25, 2006, the Miami City Commission approved
the transfer of Community Development Block Grant ("CDBG") funds, in the total amount of
$100,000.00, from Neighbors and Neighbors Association, Inc. ("NANA") to certain
businesses/business owners to provide economic development activities under the Micro -Enterprise
Assistance Grant Program.
Pursuant to Resolution No. 06-0371, adopted June 08, 2006, the Miami City Commission approved
the allocation of 32nd program year Community Development Block Grant Funds ("CDBG"), in the
amount of $3,900,000, in the economic development category, to certain agencies for economic
development activities.
Pursuant to Resolution No. 07-0492, adopted September 11, 2007, the Miami City Commission in
addition to the approval of the transfer of Community Development Block Grant ("CDBG") funds, in
the total amount of $32,000, from certain businesses/business owners and allocating said funds to
other businesses/business owners also authorized the extension of the agreement end term date to
December 31, 2007, to said businesses/business owners under the Micro -Enterprise Assistance
Grant Program.
The Administration recommends to extend the agreement end term date, between the City of Miami
and certain micro -enterprise businesses/business owners as specified in Exhibit "A", attached and
incorporated, from December 31, 2007 to December 31, 2008, to provide economic development
activities under the Micro -Enterprises Assistance Grant Program.