HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 13-00474 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION ESTABLISHING A NEW
SPECIAL REVENUE PROJECT ENTITLED: "FINANCIAL EMPOWERING
COACHING", AND APPROPRIATING FUNDS FOR THE OPERATION OF SAME, IN
AN AMOUNT NOT TO EXCEED $150,000, CONSISTING OF A GRANT FROM THE
CITI FOUNDATION, FOR THE PURPOSES OF PROVIDING FINANCIAL LITERACY
AND FINANCIAL EMPOWERMENT COACHING TO 200 INDIVIDUALS IN THE
GRANT PERIOD; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE
THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, IN ORDER TO IMPLEMENT THE ACCEPTANCE OF AND
IMPLEMENTATION OF SAID GRANT.
WHEREAS, the City of Miami's ("City's") Poverty Initiative and ACCESS Miami has, as one of
its four cornerstones, the goal of assisting City entrepreneurs and small businesses access to
benefits and the opportunity to reach financial self-sufficiency; and
WHEREAS, the City's Office of Grants Administration, ACCESS Miami, applied and has been
awarded a grant of $150,000 from Citi Foundation (the "Grant"), for the purpose of replicating and
implementing an existing program model to provide financial literacy and financial empowerment
one-on-one coaching to 200 individuals during the grant period; and
WHEREAS, the Grant's goals is to replicate and implement in the City an existing program
model to facilitate a comprehensive and coordinated effort to affect and improve the self-sufficiency of
its low/moderate income working families and small business owners by increasing their access to the
financial tools and education that are fundamental to economic prosperity and success; and
WHEREAS, this additional funding will enable the City to leverage and take its existing financial
literacy program which has served thousands of residents and low income small business owners to
the next level of individualized coaching; and
WHEREAS, the program will work with existing local providers and community organization to
coordinate services and facilitate program access to provide one-on-one financial counseling to at
least 200 individuals Citywide; and
WHEREAS, the City Administration is requesting authorization from the City Commission for
the acceptance of funds from the Citi Foundation in the amount of $150,000 and establishing a new
Special Revenue Project entitled "Financial Empowering Coaching" to provide financial literacy and
financial empowerment coaching to 200 individuals during the grant period;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
City of Miami
Page 1 of 2 File Id: 13-00474 (Version: 1) Printed On: 5/2/2013
File Number: 13-00474
Section 1. The recitals contained in the Preamble to this Resolution are adopted by reference
and incorporated as if fully set forth in this Section.
Section 2. The following new Special Revenue Project is established and resources are
appropriated as described below:
PROJECT TITLE: Financial Empowering Coaching
RESOURCES: Citi Foundation $150,000
APPROPRIATION:
$150,000
Section 3. The City Manager is authorized {1} to execute the necessary documents, in a form
acceptable to the City Attorney, in order to implement the acceptance of and implementation of said
Grant.
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. BRU
CITY ATTORNEY
01171-ni \T-;'"-0-A,62)
Footnotes:
{1 } The herein authorization is further subject to all requirements that may be imposed by the including
but not limited to those prescribed by 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.
City of Miami Page 2 of 2 File Id: 13-00474 (Version: 1) Printed 0n: 5/2/2013