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Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 09-01358 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AMENDING THE CITY OF MIAMI DEPARTMENT OF COMMUNITY
DEVELOPMENT ECONOMIC DEVELOPMENT LOAN FUND PROGRAM POLICIES
TO INCORPORATE PROVISIONS TO BE ABLE TO LEND TO NON-PROFIT
ORGANIZATIONS, FOR THE PURCHASE AND INSTALLATION OF MACHINERY,
EQUIPMENT, FURNITURE, FIXTURES AND FOR CONSTRUCTION,
RENOVATION, IMPROVEMENT AND EXPANSION AS PER TITLE 24 OF THE
CODE OF FEDERAL REGULATION SECTION 570.203(A), AS DESCRIBED IN
EXHIBIT "A", ATTACHED AND INCORPORATED; AUTHORIZING THE CITY
MANAGER TO EXECUTE THE NECESSARY DOCUMENTS FOR SAID
PURPOSE.
WHEREAS, pursuant to Resolution No. 08-0688, adopted December 11, 2008, the City
Commission approved the allocation of future Community Development Block Grant (CDBG") Program
income funds to include Housing and Economic Development activities as deemed necessary by the
City Manager; and
WHEREAS, the City of Miami ("City") established the Economic Development Loan Fund ("EDLF")
Program which will be administered by the Department of Community Development; and
WHEREAS, the EDLF Program is designed to fill the financing gap between private debt financing
and private equity and funds are provided to create economic benefit through increased revenues and
the creation and retention of jobs in the City; and
WHEREAS, the EDLF Program is available to businesses located or planning to locate within the
City boundaries with priority being given to businesses in the Neighborhood Development Zones; and
WHEREAS, the inclusion of non -profits to the EDLF Program provides a standard evaluation tool
to all Community Development Block Grant assistance to non -profits for special economic
development activities; and
WHEREAS, the Administration requests to amend the EDLF, as adopted on June 18, 2009,
pursuant to Resolution No. 09-0298, to incorporate provisions to lend to non-profit organizations for
the purchase and installation of machinery, equipment, furniture, fixtures; and the construction,
renovation, improvement and expansion, as per Title 24 of the Code of Federal Regulation ("Title 24
CFR") Section 570.203(a);
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
City of Miami Page 1 of 2 Printed On: 12/4/2009
File Number. 09-01358
reference and incorporated as if fully set forth in this Section.
Section 2. The City's Department of Community EDLF Program policies to incorporate provisions
to be able to lend to non-profit organizations, for the purchase and installation of machinery,
equipment, furniture, fixtures, and the construction, renovation, improvement and expansion as per
Title 24 CFR Section 570.203(a), are amended, as described in Exhibit "A", attached and
incorporated.
Section 3. The City Manager is authorized{1} to execute the necessary documents for said
purpose.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor. {2}
APPROVED AS TO FORM AND CORRECTNESS:+
JULIE O. BRUNEpe
CITY ATTOR
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.
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