Loading...
HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 12-00922 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS, IN THE AMOUNT OF $60,000 FROM THE DISTRICT 2 ECONOMIC DEVELOPMENT RESERVE ACCOUNT; ALLOCATING SAID FUNDS TO WYNWOOD ARTS DISTRICT ASSOCIATION, INC. FOR COMMUNITY ECONOMIC DEVELOPMENT ACTIVITIES, SPECIFICALLY, THE CREATION OF A BUSINESS IMPROVEMENT DISTRICT FOR THE WYNWOOD DESIGN DISTRICT; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. WHEREAS, pursuant to Resolution No. 12-0060, adopted February 23, 2012, the City Commission approved the allocation of Program Year 2012-2013 Community Development Block Grant Funds ("CDBG") funds in the amount of $1,160,716, to the City of Miami ("City") Economic Development Reserve Account for economic development activities; and WHEREAS, the Wynwood Arts District Association, Inc. ("WADA") is a non-profit Community Based Development Organization in the Wynwood community dedicated to providing economic development opportunities for residents by focusing on the infrastructure necessary to retain and attract businesses in the Wynwood area; and WHEREAS, WADA, through this allocation, will create a Business Improvement District ("BID") for the Wynwood Design District, thereby creating a minimum of two (2) jobs as required under 24 Code of Federal Regulations 570.209; and WHEREAS, the City Administration recommends the allocation of CDBG funds in the amount of $60,000 from the District 2 Economic Development Reserve Account to WADA for Community Development 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 fully set forth in this Section. Section 2. The transfer of CDBG funds, in the amount of $60,000 from the District 2 Economic Development Reserve Account, and the allocation of said funds to WADA, for Community Development activities, specifically, the creation of a BID for the Wynwood Design District, is authorized. Section 3. The City Manager is authorized {1} to execute all necessary documents, in a form acceptable to the City Attorney, for said purpose. City of Miarni Page 1 of 2 File Id: 12-00922 (Version: 1) Printed On: 8/24/2012 File Number: 12-00922 Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor{2}. APPROVED AS TO FORM AND CORRECTNESS JULIE BRU CITY ATTORNEY 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: 12-00922 (Version: 1) Printed On: 8/24/2012