HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www,miamigov.com
File Number: 16-00395 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ACCEPTING THE RECOMMENDATION FOR AWARD OF THE LIBERTY CITY
COMMUNITY REVITALIZATION TRUST ("LIBERTY CITY TRUST"), PURSUANT TO
THE REQUEST FOR PROPOSALS FOR THE DISTRIBUTION OF SMALL
BUSINESS CAPITAL INVESTMENT FUNDS ("FUNDS"), APPROVING AWARD OF
THESE FUNDS TO SHANTEL'S JAZZ CAFE, INC. ("SHANTEL'S"); AUTHORIZING
THE PRESIDENT OF THE LIBERTY CITY TRUST TO EXECUTE A SMALL
BUSINESS CAPITAL INVESTMENT LOAN PROGRAM AGREEMENT, IN
SUBSTANTIALLY THE ATTACHED FORM, WITH SHANTEL'S FORA TERM OF
ONE (1) YEAR, IN AN AMOUNT NOT TO EXCEED $317,000.00, SUBJECT TO THE
AVAILABILITY OF FUNDS AND BUDGETARY APPROVAL AT THE TIME OF NEED.
WHEREAS, the Liberty City Community Revitalization Trust ('Liberty City Trust") was selected to
receive a foundation contribution of approximately $350,000.00 from the Minority Participation
Agreement between the City of Miami ("City") and Bayside, LLP for support of economic development
opportunities in Liberty City and to assist with the growth of businesses in the area; and
WHEREAS, this foundation contribution constitutes the source of funds for the Liberty City Trust
Small Business Capital Investment Funds ("Funds"); and
WHEREAS, on April 22, 2015, the Liberty City Trust issued a Request for Proposals ("RFP") for
the purpose of selecting a business, and its facilities, to stimulate via this visible investment; and
WHEREAS, on May 22, 2015, the RFP closed with receipt of fourteen (14) proposals; and
WHEREAS, the Liberty City Trust Proposal Evaluation Selection Committee ("Evaluation
Committee") conducted its evaluation of the fourteen (14) proposals received; and
WHEREAS, on July 15, 2015, at the Liberty City Trust Board of Directors ("Board") Meeting, the
Liberty City Trust President ("President") submitted the Evaluation Committee's recommendation to the
Board seeking approval of award of the Funds to Shantel's Jazz Cafe, Inc. ("Shantel's"); and
WHEREAS, the Board authorized the President to seek City Commission approval for the
recommendation for award and for execution of a Small Business Capital Investment Loan Program
Agreement ("Agreement") with Shantel's, for a term of one (1) year, in an amount not to exceed
$317,000.00 of the Funds designated for this purpose;
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 if fully set forth in this Section.
City ofMiami Page 1 of 2 Rile Id: 16-00395 (Version: 1) Printed On: 3/30/2016
File Number: 16-00395
Section 2. The City Commission accepts the recommendation for award of the Liberty City Trust,
pursuant to the RFP for the distribution of Funds, approving award of these Funds to Shantel's, and
authorizes {1} the President to execute the Agreement, in substantially the attached form, with
Shantel's for a term of one (1) year, in an amount not to exceed $317,000.00 of the Funds designated
for this purpose.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor. {2}
ROVE AS TO FQRM AN
TORIA ENDEZ
CITY ATTORNEY
CORRECTNESS:
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 °Pliant! Page 2 of 2 File Id: 16-00395 (Version: 1) Printed Om 3/30/2016