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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 10-01427 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS IN THE AMOUNT OF $50,000 FROM THE DISTRICT 2 ECONOMIC DEVELOPMENT RESERVE ACCOUNT; ALLOCATING SAID FUNDS TO THE CITY OF MIAMI DEPARTMENT OF COMMUNITY DEVELOPMENT DISTRICT 2 MICRO -ENTERPRISE ASSISTANCE PROGRAM FOR MICRO -ENTERPRISE ACTIVITIES; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS FOR SAID PURPOSE. WHEREAS, pursuant to Resolution No.10-0360, adopted September 16, 2010, the Miami City Commission approved the amended allocation of $608,880 of 36th Year Community Development Block Grant ("CDBG") funds, based on a six month allocation, to the City of Miami Economic Development Reserve Account for economic development activities; and WHEREAS, the Administration recommends the transfer of CDBG funds in the amount of $50,000 from the District 2 Economic Development Reserve Account to the District 2 Micro -Enterprise Assistance Program for micro -enterprise activities; 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 transfer of CDBG funds in the amount of $50,000 from the District 2 Economic Development Reserve Account to the District 2 Micro -Enterprise Assistance Program, is authorized. Section 3. purpose. The City Manager is authorized(1) to execute all necessary documents for said Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{2} APPROVED AS TO FORM AND CORRECTNESS: CITY ATTORNEY City of Miami Page 1 of 2 File Id: 10-01427 (Version: 11 Printed On: 12/27/2010 File Number: 10-01427 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 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: 10-01427 (Version: 1) Printed On: 12/27/2010