HomeMy WebLinkAboutLegislation (05/09/13)City of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 13-00462 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING THE MARTIN LUTHER KING EMERGENCY BUSINESS ASSISTANCE
PROGRAM GUIDELINES, AS-SP-ECIF-IED-IN-EXHIBIT"A",-ATTACHED_AND
INCORPORATED; AUTHORIZING THE ALLOCATION OF COMMUNITY
DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS IN THE AMOUNT OF $130,000,
FROM THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT
CDBG RESERVE ACCOUNT, AS SPECIFIED IN EXHIBIT "B", ATTACHED AND
INCORPORATED, TO PROVIDE FORGIVABLE LOANS UP TO $10,000 TO
FOR -PROFIT BUSINESSES LOCATED ON OR ABOUT THE 7TH AVENUE
CORRIDOR, MIAMI, FLORIDA; FURTHER 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. 09-0298, adopted June 18, 2009, the Miami City
Commission approved the Economic Development Loan Fund 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, pursuant to Resolution No. , adopted May 9, 2013, the Miami City
Commission approved the de -obligation and close-out of certain CDBG activities and allocated an
amount of $948,780.64 to the Department of Community and Economic Development Community
Development Block Grant ("CDBG") Reserve Account; and
WHEREAS, the City currently has numerous businesses within the 7th Avenue corridor, Miami,
Florida, that have been directly affected multiple times by theft and vandalism which could lead to the
displacement of the existing business and loss of jobs in the neighborhood; and
WHEREAS, the goal of the Martin Luther King Jr. Emergency Business Assistance Program
("MLK Emergency Business Assistance Program") is to provide a benefit to low and moderate income
business owners in the area with assistance to maintain the economic viability of their businesses and
serve as catalysts for employment and community growth; and
WHEREAS, a summary of the MLK Emergency Business Assistance Program Policies and
Guidelines is attached and incorporated as Exhibit "A"; and
WHEREAS, the City Administration recommends approving said MLK Emergency Business
Assistance Program Policies & Guidelines; and
WHEREAS, the City Administration further recommends approving the allocation of CDBG funds
in the amount of $130,000 from the Department of Community and Economic Development CDBG
Reserve Account, as specified in Exhibit "B", attached and incorporated, to the MLK Emergency
Business Assistance Program;
City of Miami
Page 1 of 2 File Id: 13-00462 (Version: 1) Printed On: 4/17/2013
File Number: 13-00462
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted
by reference and incorporated as fully set forth in this Section.
Section 2. The MLK Emergency Business Assistance Program Policies and Guidelines, as
specified in Exhibit "A", attached and incorporated, are approved.
artment
Section 3. The transfer of CDBG funds, in the amount accopnt$fo30,000 from the r the MLK Emergenp y�usiness
of
Community and Economic Development CDBG Reserve
Assistance Program as specified in Exhibit "B"onattached
or about and
thinc rpo AvenuetedCorprorideri, is f o giovabledloans
up to $10,000 to for -profit businesses located
Section 4. The City Manager is further authorized{1 } to execute all necessary documents, in a
form acceptable to the City Attorney, for said purpose.
Section 5. This Resolution shall become effective immediately upon its adoption and signature
of the Mayor.{2}
APPROVED AS TO FORM AND CORRECTNESS
JULIE O. BRU
CITY ATTORNEY
Footnotes:
h a
r
hat may
{1} The herein authorization is further subject to compliance
thosepreltscnbed by applicable Citye
imposed by the City Attorney, including but noimited
Charter and Code provisions.
of
n (10)
{2} If the Mayor does not sign this Resolution, dtadopted.shall
lbecome
If the Mayor vetoes thisd Reseolution, it
calendar days from the date it was passed
shall become effective immediately upon override of the veto by the City Commission.
City of Miami
Page 2 of 2 File Id: 13-00462 (Version: 1) Printed On: 4/17/2013