HomeMy WebLinkAboutR-13-0221City of Miami
Legislation
Resolution: R-13-0221
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 13-00620 Final Action Date: 6/13/2013
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE DE -OBLIGATION OF COMMUNITY DEVELOPMENT BLOCK
GRANT ("CDBG") FUNDS FROM THE DISTRICT 4 ECONOMIC DEVELOPMENT
LOAN PILOT PROGRAM ACCOUNT IN THE AMOUNT OF $28,000, AND THE
ALLOCATION OF SAID FUNDS TO CAMARA DE COMERCIO LATINA DE LOS
ESTADOS UNIDOS, INC. ("CAMACOL"); AUTHORIZING THE ALLOCATION OF
DISTRICT 4 CDBG RESERVE ACCOUNT FUNDS IN THE AMOUNT OF $102,000
TO CAMACOL, FORA TOTAL ALLOCATION OF $130,000, TO CAMACOL FOR
ECONOMIC DEVELOPMENT ACTIVITIES, AS SPECIFIED IN EXHIBIT "A",
ATTACHED AND INCORPORATED; 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. 09-0302, adopted June 18, 2009, the Miami City
Commission approved the transfer of Community Development Block Grant ("CDBG") funding, in the
amount of $103,000 from the 34th Program Year and $131,000 from the 35th Program Year, for a
total of $234,000 to the City of Miami's ("City") Department of Community and Economic
Development Economic Development Loan Pilot Program to provide loans of up to $10,000 to
for -profit businesses located in District 3 or 4; and
WHEREAS, there remains in the District 4 Economic Development Loan Pilot Program Account
an amount of $28,000 and an additional amount of $346,752 in reserves for Fiscal Year 2012-2013;
and
WHEREAS, the City Administration recommends the de -obligation of CDBG funds from the
District 4 Economic Development Loan Pilot Program Account in the amount of $28,000 and the
transfer of $102,000 from the District 4 CDBG Reserve Account for a total of $130,000 and the
allocation of said funds to Camara de Comercio Latina de los Estados Unidos, Inc. ("CAMACOL") for
economic development activities, as specified in Exhibit "A", attached and incorporated;
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 de -obligation of CDBG funds from the District 4 Economic Development Loan
Pilot Program Account in the amount of $28,000 and the allocation of said funds to CAMACOL for
economic development activities as specified in Exhibit "A", attached and incorporated, is authorized.
Section 3. The allocation of District 4 CDBG Reserve Account funds in the amount of $102,000 to
City of Miami
Page 1 of 2 File Id: 13-00620 (Version: 2) Printed On: 8/31/2017
File Number: 13-00620 Enactment Number: R-13-0221
CAMACOL for economic development activities as specified in Exhibit "A", attached and incorporated,
is authorized.
Section 3. The City Manager is 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}
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: 13-00620 (Version: 2) Printed On: 8/31/2017