HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: //-00 S 2-0
Law Department
Matter ID No.
Date: 06/09/2011 Requesting Department: Community Development
Commission Meeting Date: 07/14/2011 District Impacted: 3
Type: ® Resolution El Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: EXTENSION OF AGREEMENT END TERM DATE BETWEEN THE CITY OF
MIAMI AND CAMACOL
Purpose of Item:
AUTHORIZING THE CITY MANAGER TO EXECUTE AMENDMENT NO. 3 TO THE AGREEMENT
BETWEEN THE CITY OF MIAMI ("CITY") AND CAMARA DE COMERCIO LATINA DE LOS
ESTADOS UNIDOS, INC. ("CAMACOL"), EXTENDING THE AGREEMENT END DATE FROM
DECEMBER 31, 2010 TO MARCH 30, 2012, FOR ECONOMIC DEVELOPMENT ACTIVITIES
ASSOCIATED WITH COMMERCIAL FAQADE PROJECTS IN DISTRICT 3; FURTHER
AUTHORIZING THE CITY MANAGER TO EXECUTE AMENDMENT NO. 3, IN SUBSTANTIALLY
THE ATTACHED FORM(S), WITH SAID ENTITY, FOR SAID PURPOSE(S).
Background Information:
Please see attached
Budget Impact Analysis
NO Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
CIP Budget
If using or receiving capital funds
Grants Risk Management
Dept. Director
City Manager
I I I illMr
1
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. 09-0295, adopted June 18, 2009, the Miami City Commission authorized
the allocation of $250,000 in CDBG funds to CAMACOL for soft costs associated with the
commercial facade program.
The same resolution authorized the allocation of $750,000 from District 3 and $500,000 from District
4 in CDBG funds to CAMACOL for hard costs associated with the commercial facade program in
said districts.
Pursuant to Resolution No. 09-0541, adopted November 19, 2009, the Miami City Commission
authorized the allocation of $16,000 of CDBG close-out funds to CAMACOL for soft costs for the
Commercial Code Compliance Program.
Pursuant to Resolution No. 10-0509, adopted November 18, 2010, the Miami City Commission
authorized the extension of the contract from September 30, 2010 to December 31, 2010 and
allocated additional funds in the amount of $140,345 for the specific purpose of completing facade
work in District 3.
CAMACOL has an amount of $230,945 left on the contract at the end of the 2009-2010 program year
for District 4.
There is the need for additional facade/code compliance projects in District 3.
The Administration recommends execution of Amendment No. 3 to the Agreement between the City
and CAMACOL extending the Agreement end date from December 31, 2010 to March 30, 2012, for
economic development activities associated with commercial facade projects in District 3.