HomeMy WebLinkAboutR-10-0507City of Miami
Legislation
Resolution: R-10-0507
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 10-01194 Final Action Date:11/18/2010
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
CONSENTING TO KIDCO CHILD CARE, INC. PROVIDING A SECOND
MORTGAGE TO MIAMI-DADE COUNTY, IN THE AMOUNT OF $175,000, TO
SECURE THE GRANT RECEIVED PURSUANT TO RESOLUTION NO. 09-0299,
ADOPTED JUNE 18, 2009, FOR THE REHABILITATION OF THE PROPERTY
LOCATED AT 242 NORTHEAST 26TH STREET, MIAMI, FLORIDA; AUTHORIZING
THE CITY MANAGER TO EXECUTE THE DOCUMENTS NECESSARY, IN
SUBSTANTIALLY THE ATTACHED FORM, FOR SAID PURPOSE.
WHEREAS, pursuant to Resolution No. 09-0299, adopted June 18, 2009, the Miami City
Commission approved the allocation of 33rd Year Community Development Block Grant funds in the
amount of $300,000, to Kidco Child Care, Inc. ("Kidco"), for public facilities and improvement activities
to purchase the facility located at 242 Northeast 26th Street, Miami, Florida ("Property"), to provide
child care services to up to forty (40) low to moderate income children and families; and
WHEREAS, the Restrictive Covenant on the Property requires the prior written consent of the
Miami City Commission for the conveyance of any interest in the Property; and
WHEREAS, on July 14, 2010, the Miami -Dade County Community Action Agency ("CAA") Board
allocated funds in the amount of $175,000 to Kidco for the rehabilitation of the Property; and
WHEREAS, the CAA is requesting that Kidco execute a Mortgage and Security Agreement to
secure the amount being allocated; and
WHEREAS, the Administration recommends the approval of the request and consents to the
second mortgage from Miami -Dade County for the Property;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by
reference and incorporated as if fully set forth in this Section.
Section 2. The Miami City Commission consents to Kidco providing a second mortgage to
Miami -Dade County, in the amount of $175,000, to secure the grant received pursuant to Resolution
No. 09-0299, adopted June 18, 2009, for the rehabilitation of the Property.
Section 3. The City Manager is authorized{1} to execute the documents necessary, in
substantially the attached form, for said purpose.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}
City of Miami
Page 1 of 2 File Id: 10-01194 (Version: 1) Printed On: 8/15/2017
File Number: 10-01194 Enactment Number: R-10-0507
Footnotes:
{1} The herein authorization is further subject to compliance with all requirements that may be
imposed by the City Attorney, including but not limited to those prescribed by applicable City
Charter and Code provisions.
{2} If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10)
calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it
shall become effective immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File Id: 10-01194 (Version: 1) Printed On: 8/15/2017