HomeMy WebLinkAboutR-17-0095City of Miami
Resolution R-17-0095
Legislation
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.
City of Miami Page 1 of 2 File ID: 1744 (Revision:) Printed On: 3/20/2025
File ID: 1744 Enactment Number: R-17-0095
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 tor
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.
City of Miami Page 2 of 2 File ID: 1744 (Revision:) Printed on: 3/20/2025