HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #1744
Date: 02/07/2017
Commission Meeting Date: 03/09/2017
Requesting Department: Department of
Community and Economic Development
Sponsored By:
District Impacted: District 4
Type: Resolution
Subject: Allocate CDBG Funds - Coral Way Plaza
Purpose of Item:
A resolution of the Miami City Commission authorizing the allocation of Community
Development Block Grant funds ("CDBG") in the amount of $60,000 from Community
Development Block Grant, Program Income funds; allocating said funds to Coral Way
Plaza Condominium Association, Inc. for Special Economic Development Activities for
job creation; under the terms and conditions specified in Attachment "A", authorizing the
City Manager to execute any and all documents necessary for said purpose.
Background of Item:
On January 12, 2017, pursuant to Resolution No. 17-0011 the Miami City Commission
allocated $510,618.55 in CDBG program income, of which an amount of $281,902.05
was allocated for Housing and Economic Development activities.
Coral Way Plaza Condominium Association, Inc. is a Not -For -Profit corporation
registered in the State of Florida and it is located at 2350 Coral Way, Miami, FL, 33145.
Coral Way Plaza Condominium Association, Inc., is an association of owners who has a
building located at 2350 Coral Way in Miami FL and whose owners have been providing
a different range of services to the community for over 20 years.
Coral Way Plaza Condominium Association, Inc.'s physical location is in need of repairs
to maintain and preserve the condition of their business location.
Coral Way Plaza Condominium Association, Inc. will be required to create 2 new jobs,
of which more than 51 % (2) will go to low and moderate income residents as the
national objective.
The City Administration recommends the allocation of CDBG Program Income funds in
the amount of $60,000 to Coral Way Plaza Condominium Association, Inc. for special
economic development activities, specifically job creation, under the terms and
conditions as specified in Attachment "A".
Budget Impact Analysis
Item is an Expenditure
Item is NOT funded by Bonds
Item is NOT Related to Revenue
Total Fiscal Impact:
$60,000
Department of Community
Review Completed
Office of Management and
Office of Management and
City Manager's Office
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
Office of the Mayor
Office of the City Clerk
Reviewed B
and Economic Development
02/07/2017 2:19 PM
Budget Luis Hernandez -Torres
Budget Christopher M Rose
Alberto N. Parjus
Daniel J. Alfonso
Valentin J Alvarez
Barnaby L. Min
Victoria Mendez
Nicole Ewan
Mayor's Office
City Clerk's Office
George Mensah Department Head
Budget Analyst Review
Budget Review
Assistant City Manager Review
City Manager Review
Legislative Division Review
Deputy City Attorney Review
Approved Form and Correctness
Meeting
Signed by the Mayor
Signed and Attested by the City
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Clerk Completed
02/07/2017 2:58 PM
02/09/2017 2:01 PM
02/09/2017 4:02 PM
02/10/2017 5:22 PM
02/23/2017 6:21 PM
02/24/2017 12:55 PM
02/27/2017 2:41 PM
03/09/2017 9:00 AM
03/15/2017 4:19 PM
03/15/2017 4:39 PM
City of Miami
Legislation
Resolution
Enactment Number: R-17-0095
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 1744 Final Action Date:3/9/2017
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE
ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS ("CDBG")
IN THE AMOUNT OF $60,000.00 FROM CDBG PROGRAM INCOME FUNDS;
ALLOCATING SAID FUNDS TO CORAL WAY PLAZA CONDOMINIUM
ASSOCIATION, INC. FOR JOB CREATION, A SPECIAL ECONOMIC DEVELOPMENT
ACTIVITY, UNDER THE TERMS AND CONDITIONS SPECIFIED IN ATTACHMENT
"A"; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL
DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, NECESSARY
TO COMPLETE SAID PURPOSE.
WHEREAS, on January 12, 2017, pursuant to Resolution No. 17-0011, the City
Commission allocated $510,618.55 in Community Development Block Grant program income,
of which an amount of $281,902.05 was allocated for Housing and Economic Development
activities; and
WHEREAS, Coral Way Plaza Condominium Association, Inc. is a Florida Not For Profit
corporation located at 2350 Coral Way, Miami, Florida; and
WHEREAS, Coral Way Plaza Condominium Association, Inc. is the owners' association
for the building located at 2350 Coral Way in Miami, Florida whose owners have been providing
a different range of services to the community for over twenty (20) years; and
WHEREAS, Coral Way Plaza Condominium Association, Inc.'s physical location is in
need of repairs to maintain and preserve the condition of its business location; and
WHEREAS, Coral Way Plaza Condominium Association, Inc. will be required to create
two (2) new jobs, both of which will be filled by low and moderate income residents pursuant to
the national objective; and
WHEREAS, the City Administration recommends the allocation of CDBG Program
Income funds in the amount of $60,000.00 to Coral Way Plaza Condominium Association, Inc.
for special economic development activities, specifically job creation, under the terms and
conditions as specified in Attachment "A";
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.
Section 2. The allocation of CDBG Program Income funds, in the amount of $60,000.00
to Coral Way Plaza Condominium Association, Inc., under the terms and conditions as specified
in Attachment "A", is approved.
Section 3. The City Manager is authorized to execute any and all documents, in a form
acceptable to the City Attorney, necessary to complete the transaction.
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
ndez, City Httor
ey ) 2/2772017
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 City 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.