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HomeMy WebLinkAboutExhibit B1. EXHIBIT B WORK PROGRAM CDBG grant funds in the amount of $500,000 were allocated to Neighbors and Neighbors, Inc. (SUB -RECIPIENT) for hard costs in the implementation of the. OSUN's Village Project which will provide for rehabilitation of building exteriors for businesses between Northwest 54th and 58th Street along Northwest 7th Avenue. This was approved by the City of Miami (City) Commission through Resolution R-05- 0577 on September 22, 2005. • The SUB -RECIPIENT will select the businesses for the rehabilitation of the exteriors of 5 businesses between Northwest 54th and 58th Street along Northwest 7th Avenue. • The selected businesses will match up to 10% of the cost of rehabilitation with the maximum total cost for all properties of $500,000. The SUB -RECIPIENT will secure building rehabilitation grant hard -costs with an eight (8) year covenant (Attachment C to Exhibit D) filed by the City of Miami against the real property title where the improvements are made. Participating property owners are required to reimburse the City if the property is sold before 8 years after the final allocation was made at a declining rate as follows: o 100% if sold within the first 4 years o 75% if sold after 4 years o 50% if sold after 5 years o 25% if sold after 6 years o 10% if sold after 7 years o 0% if sold after 8 years 2. To be eligible the assisted business must be an operating business, either: having an occupational license for that location and a certificate of use for that type of business; or in the process of starting a business. 3. The SLB-RECIPIENT will perfoiw3 complete intake of entities requesting technical assistance. The SUB -RECIPIENT will complete the Technical Assistance Request Form (attached as Addendum 1 to this exhibit) and the Information for Environmental Review Foiui (attached as Addendum 2 to this exhibit) for each participating business. If City of Miami approves the project, SUB -RECIPIENT will initiate the assistance to the business and will document the assistance provided through the use of the Cost Allocation Code Chart (attached as Addendum 3 to this exhibit). 6. As the project progresses, the SUB -RECIPIENT will provide documentation of results via the submission of the "CDBG — Combined Monthly Report". The SUB -RECIPIENT will track payments from the City and maintain a precise record of expenditures associated with each Technical Assistance Project. 8. The SUB -RECIPIENT understands that Area Benefit is the national objective that has been identified as a priority by the City for this grant. 9. The SUB -RECIPIENT agrees to comply with all requirements as outlined in the Special Grant Agreement Program Guidelines. SUBRECIPIENT: Neighbors and Neighbors Association, Inc. 180 NW 62nd Street Miami, FL 33150 By: Leroy Jones, Executive Director STATE OF FLORIDA COUNTY OF ,, '/i - The foregoing instrument was acknowledged before me this J1, ,,d1Q,'c� ..2 Oler6 by Leroy Jones, Executive Director of Neighbors and Neighbors Association, Inc., a Florida not - for -profit corporation, on behalf of the corporation. He is personally known to me or has produced as identification. Print Notary Public's Name (SEAL) MARLOWE E WALLACE MY COMMISSION t DO 250681 EXPIRES: September 17, 2001 Bonded TeaWary Pa&uideewd6ue 1. �c�•c�'' Signature