HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 13- at057
Law Department
Matter ID No.
Date: 08/29/2013 Requesting Department: Community & Economic Development
Commission Meeting Date: 10/10/2013 District Impacted: 5
Type: IX) Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: AMEND WYNWOOD BREWING COMPANY LLC BUDGET
Purpose of Item:
ALLOWING WYNWOOD BREWING COMPANY LLC, TO AMEND ITS BUDGET TO INCLUDE RENT
AND INVENTORY; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY
DOCUMENTS FOR SAID PURPOSE.
Background Information
Please see attached
Budget Impact Analysis
NO Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
CIP Budge
If using or receiving capital funds
Grants
Purchasin.
Chie
Risk Management
Dept. Director
ty Manager
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. 13-0195, adopted May 23, 2013, the Miami City Commission approved
the allocation of CDBG funds in the amount of $420,000, from the Department of Community and
Economic Development CDBG Reserve account to Wynwood Brewing Company LLC, for job
creation.
The approval only allowed the funds to be used for equipment.
In order to open the plant in a timely fashion, the owners had to purchase some of the equipment
required prior to City Commission approval from funds earmarked for inventory and rent,
The Administration recommends amending the budget associated with the allocation of CDBG funds
to Wynwood Brewing Company LLC to allow an amount up to $119,000 to be used for rent and
inventory.