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Date: 07/30/08
A9ENDA ITEM SUMMARY FORM
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FILE ID: rc T) -)
PH.8
Requesting Department: Community Development
Commission Meeting Date: 09/11/08 District Impacted:
Type: Z Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Transfer $15,000 to Rafael Hernandez Housing and Economic Development, Inc.
Purpose of Item:
AUTHORIZING THE TRANSFER OF 33RD YEAR COMMUNITY DEVELOPMENT BLOCK GRANT
("CDBG") FUNDS, IN THE AMOUNT OF $15,000, FROM THE CITY OF MIAMI DEPARTMENT OF
COMMUNITY DEVELOPMENT COMMERCIAL FACADE PROGRAM ACCOUNT, FOR A TOTAL
AMOUNT OF $115,000 IN SOFT COSTS; ALLOCATING SAID FUNDS TO RAFAEL HERNANDEZ
HOUSING AND ECONOMIC DEVELOPMENT CORP., TO CONTINUE TO PROVIDE ECONOMIC
DEVELOPMENT ACTIVITIES, AS SPECIFIED IN EXHIBIT "A", ATTACHED AND INCORPORATED;
AUTHORIZING THE CITY MANAGER TO EXECUTE AN AMENDMENT TO THE EXISTING
AGREEMENT(S), IN SUBSTANTIALLY THE ATTACHED FORM(S), WITH SAID AGENCY, FOR
SAID PURPOSE(S).
Background Information:
Please see attached.
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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:
C!P Project No:
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Dept. Director
Chief City Manager,
Final Approvals
(SIGN AND DATE)
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Rafael Hernandez Housing and Economic Development Corporation ("RHHED") is a not -for -profit
corporation, located at 2400 N. Miami Avenue, Miami, Florida, that provides economic development
activities in the City of Miami.
RHHED was allocated funds to oversee the City of Miami Facade Program.
Pursuant to Resolution No. 07-0315, adopted on June 12, 2007, the Miami City Commission
approved the allocation of 33rd year CDBG funding, in the amount of $50,000, to RHHED to provide
economic development activities under the Commercial Facade Program in District 5.
Pursuant to Resolution No. 07-0488, adopted September 11, 2007, the Miami City Commission
approved the allocation of District 2 Economic Development Reserve Fiscal Year 2006-2007 funds,
in the amount of $50,000, to RHHED to provide economic development activities under the
Commercial Facade Program in District 2.
RHHED is in good standing and has been very successful in providing assistance to for profit
businesses participating in the facade program.
RHHED requested additional funding to continue to provide economic development activities as
specified in exhibit "A".
The Administration recommends the transfer of 33`d year CDBG funding, in the amount $15,000,
from the City of Miami Department of Community Development Commercial Facade Program
Account, for a total amount of $115,000 in soft costs, to RHHED to continue to provide economic
development activities, as specified in Exhibit "A".