HomeMy WebLinkAboutSummary FormFILE ID:
AGENDA ITEM SUMMARY FORM
14-00328
Date: 03/25/2014
Commission Meeting Date: 05/08/2014
Type: ® Resolution
❑ Other
Law Department
Matter ID No.
Requesting Department: Community & Economic Development
District Impacted: 5
Ordinance I I Emergency Ordinance Discussion Item
Subject: APPROVING THE EXTENSION OF THE CONTRACT BETWEEN THE CITY OF
MIAMI AND MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORP ("MLK')
EMERGENCY ASSISTANCE PROGRAM AND AMENDING THE PROGRAM GUIDELINE
PROVIDING AN ADDITIONAL $20,000 FOR PROGRAM ADMINISTRATION.
Purpose of Item:
APPROVING THE EXTENSION OF THE CONTRACT BETWEEN THE CITY OF MIAMI AND
MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION ("MLK") FOR THE
IMPLEMENTATION OF THE MLK EMERGENCY BUSINESS ASSISTANCE PROGRAM TO FOR -
PROFIT BUSINESSES; AMENDING THE PROGRAM GUIDELINES FOR SAID PROGRAM;
PROVIDING AN ADDITIONAL $20,000 FOR PROGRAM ADMINISTRATION; AND FURTHER
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?
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: $20,000
Final Approvals
(SIGN AND DATE)
CIP Budge
If using or receiving capital funds
Grants , Risk Management,
Purcl i Dept. Director
City Manager
Page 1 of 1
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution 13-0194, adopted May 9, 2013 the Miami City Commission approved the
MLK Emergency Business Assistance Program businesses within the 7th Avenue area that have
been directly affected multiple times by theft and vandalism; and
Due to the regulatory requirements most of the businesses were unable to provide the needed
documentation to be awarded the funds.
There is a current balance of $100,000 remaining in the program funds.
There is still a need for the program in the community since additional businesses continue to be
victims of air condition theft and vandalism.
Martin Luther King Economic Development Corporation ("MLK") continues to provide technical
assistance to the businesses.
The Administration recommends extending the contract between the City of Miami and MLK for the
implementation of the MLK Emergency Business Assistance Program to For -Profit Businesses;
amending the Program Guidelines for said program and providing an additional $20,000 for program
administration