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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 14-00342 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE ACCEPTANCE AND APPROPRIATION OF REIMBURSEMENT GRANT FUNDS FROM THE CITIES FOR FINANCIAL EMPOWERMENT FUND, INC., IN AN AMOUNT NOT TO EXCEED $395,200.00 ("GRANT"), AND ESTABLISHING A NEW SPECIAL REVENUE PROJECT ENTITLED "SUMMER YOUTH EMPLOYMENT PROGRAM" FOR THE PURPOSES OF SUPPORTING 100 SUMMER YOUTH EMPLOYMENT OPPORTUNITIES, AS WELL AS RESEARCHING AND DEVELOPING PROGRAM COMPONENTS TO CONNECT PARTICIPANTS TO FINANCIAL COUNSELING AND BANKING OPPORTUNITIES (COLLECTIVELY, "PROGRAM"); FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE THE AWARD AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FORA ONE (1) YEAR PERIOD, AND ANY AMENDMENTS, MODIFICATIONS, EXTENSIONS, AND RENEWALS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, IN ORDER TO ACCEPT THE GRANT AND TO IMPLEMENT THE PROGRAM. WHEREAS, the Poverty Initiative and ACCESS Miami has, as one of its four (4) cornerstones, the goal of assisting City of Miami ("City") constituents access to benefits and the opportunity to reach financial self-sufficiency through financial education; and WHEREAS, the Cities for Financial Empowerment Fund, Inc., a Delaware non -stock, non-profit corporation ("CFE") supports municipal efforts to improve the financial stability of households by leveraging opportunities unique to local government and, at this time, CFE through the CFE Fund is launching Summer Jobs Connect, a research and pilot program supporting 2014 Summer Youth Employment Programs and their connection to financial education and empowerment and banking access initiatives (collectively, the "Program"); and WHEREAS, the CFE Fund works to promote economic progress in communities around the world and focuses on initiatives that expand financial inclusion and has partnered with ten (10) of the largest cities in the United States, including Miami, through grants to implement the Program; and WHEREAS, the Program's goal is to replicate and implement in the City the CFE Fund's existing pilot program model to facilitate a coordinated national effort to affect and improve the self-sufficiency of its low/moderate income youth and increase their access to the financial tools and education that are fundamental to economic prosperity and success; and WHEREAS, the CFE Fund has awarded the City a reimbursement grant in the amount of $395,200.00 ("Grant") for a one (1) year period commencing as of March 1, 2014 to hire 100 youth ages 16-19 residing in low to moderate income areas in the City to establish the Program; and WHEREAS, this Grant funding will also allow for researching appropriate financial products and City of Miami Page 1 of 3 File Id: 14-00342 (Version: 1) Printed On: 4/28/2014 File Number: 14-00342 services and financial education for youth participating in summer employment opportunities, participating in a learning community convened by the CFE Fund, and developing a plan to implement enhanced financial education and access to banking into the future 2015 summer youth employment program; and WHEREAS, the Program will leverage and take advantage of the City's existing financial literacy and individualized financial coaching program currently offered by the Poverty Initiative and ACCESS Miami; and WHEREAS, it is appropriate for the City Manager to accept the funding and establish a new special revenue project for the appropriation of said Grant; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals contained in the Preamble to this Resolution are adopted by reference and incorporated as fully set forth in this Section. Section 2. The City Manager is authorized {1} to accept the Grant for the purposes of the Program. Section 3. The following new Special Revenue Fund is established and resources are appropriated as described below: FUND TITLE: Summer Youth Employment Program RESOURCES: The Cities for Financial Empowerment Fund, Inc. $395,200.00 APPROPRIATIONS: Hiring of 100 youths for the Summer Youth $395,200.00 Employment Program for researching appropriate financial products and services and financial education for youth participating in summer employment opportunities, participating in a learning community convened by the CFE Fund, and developing a plan to implement enhanced financial education and access to banking into the future 2015 summer youth employment program. Section 4. The City Manager is further authorized {1} to negotiate and execute the award agreement, in a form acceptable to the City Attorney, for a one (1) year period, and any amendments, modifications, extensions, and renewals, in a form acceptable to the City Attorney, in order to accept the Grant and to implement the Program. Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{2} APPROVE®AS TO FOR PAD CC,�RRECTNESS: VI Cbi ORIAIVIENDEZ CITY ATTORNEY City of Miami Page 2 of 3 File Id: 14-00342 (Version: 1) Printed On: 4/28/2014 File Number: 14-00342 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 3 of 3 File Id: 14-00342 (Version: 1) Printed On: 4/28/2014