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HomeMy WebLinkAboutLegislation3. City of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 13-00320 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE ALLOCATION OF CITY OF MIAMI DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT DISTRICT 4 ECONOMIC DEVELOPMENT LOAN FUND PILOT PROGRAM FUNDS IN THE AMOUNT $50,000 TO BASCOMB MEMORIAL BROADCASTING FOUNDATION/WDNA 88.9 FM, FOR ECONOMIC DEVELOPMENT ACTIVITIES, SPECIFICALLY TO PURCHASE AND INSTALL A COMMERCIAL GENERATOR FOR THE PROPERTY LOCATED AT 2921 CORAL WAY, MIAMI,-FLORIDA; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. WHEREAS, pursuant to Resolution No. 09-0298, adopted June 18, 2009, the City Commission approved the Economic Development Loan Fund ("EDLF") Pilot Program Policies which provides businesses with financial assistance to support the retention and creation of jobs for Low to Moderate Income City of Miami ("City") residents; and WHEREAS, Bascomb Memorial Broadcasting Foundation/WDNA 88.9 FM ("Bascomb Memorial") is requesting additional funds to purchase and install a commercial generator so that the business can remain operational through a power outage; and WHEREAS, the City Administration recommends the allocation of City Department of Community and Economic Development District 4 EDLF funds in the amount of $50,000 to Bascomb Memorial for economic 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 allocation of City Department of Community Development District 4 EDLF Pilot Program funds, in the amount of $50,000 to Bascomb Memorial, for economic development activities, specifically to purchase and install a commercial generator for the property located at 2921 Coral Way, Miami, Florida, is authorized. Section 3. The City Manager is further authorized{1} to execute the necessary documents, in a form acceptable to the City Attorney, 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: 13-00320 (Version: 1) Printed On: 3/29/2013 File Number: 13-00320 APPROVED AS TO FORM AND CORRECTNESS: JULIE O. 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: 13-00320 (Version: 1) Printed On: 3/29/2013