HomeMy WebLinkAboutSummary Form (2013-05-09)AGENDA ITEM SUMMARY FORM
FILE ID:
Date: 04/09/2013
/3- D6V?,3
Law Department
Matter ID No.
Requesting Department: Community & Economic Development
Commission Meeting Date: 05/09/2013 District Impacted: 5
Type: E Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG")
FUNDS TO THE MARTIN LUTHER KING JR. BUSINESS CENTER
Purpose of Item:
AUTHORIZING THE ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG")
FUNDS IN THE AMOUNT OF $30,000 FROM THE DEPARTMENT OF COMMUNITY AND
ECONOMIC DEVELOPMENT CDBG ECONOMIC DEVELOPMENT RESERVE ACCOUNT TO
MARTIN LUTHER KING JR. BUSINESS CENTER ("MLK BUSINESS CENTER") FOR PUBLIC
FACILITIES AND IMPROVEMENT ACTIVITIES, SPECIFICALLY FOR THE REHABILITATION OF
THE PROPERTY LOCATED AT 6114 NORTHWEST 7111 AVENUE, MIAMI; AUTHORIZING THE
CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS FOR SAID PURPOSE
Background Information:
L
Please see attached
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No: TO BE DETERMINED
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $30,000
Final Approvals
(SIGN AND DATE1
CIP Budge
Risk Management
Purchasing ,; Dept:Pirector'':-
Chief J. / e'•x,Manager
If using or receiving capital funds
Grants
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. 09-0298, adopted June 18, 2009, the Miami City Commission approved
the EDLF Pilot Program Policies which provides businesses with financial assistance to support the
retention and creation of jobs for low to moderate income City residents.
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 and amount of $948,780.64
to the Department of Community and Economic Development CDBG reserve account.
The MLK Business Center is located at 6114 Northwest 7th Avenue, Miami and provides assistance
to local businesses in the Liberty City area.
The MLK Business Center is in need of rehabilitation and improvements.
The Administration recommends the allocation of CDBG funds in the amount of $30,000 from the
City of Miami, Department of Community and Economic Development CDBG Economic
Development Reserve Account to the MLK Business Center for Public Facilities and Improvement
Activities at the property located at 6114 Northwest 7th Avenue, Miami.