HomeMy WebLinkAboutR-19-0171City of Miami
Resolution R-19-0171
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 5651 Final Action Date: 5/9/2019
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE
ACCEPTANCE AND APPROPRIATION OF FUNDS FROM THE CITIES FOR
FINANCIAL EMPOWERMENT FUND, INC., A DELAWARE NON -STOCK, NON-
PROFIT CORPORATION ("CFE FUND"), IN AN AMOUNT NOT TO EXCEED
THREE HUNDRED SIXTY-SEVEN THOUSAND, FIVE HUNDRED DOLLARS
($367,500.00) ("GRANT"); ESTABLISHING A NEW SPECIAL REVENUE
PROJECT TITLED "SUMMER YOUTH EMPLOYMENT & FINANCIAL
EMPOWERMENT EXPANSION PROGRAM 2019" FOR THE PURPOSE OF
EXPANDING AND SUPPORTING UP TO ONE HUNDRED (100) ADDITIONAL
SUMMER YOUTH EMPLOYMENT OPPORTUNITIES WITH LOCAL
BUSINESSES AND ENTITIES AS WELL AS CONTINUING TO ADHERE TO
ESTABLISHED PROGRAM COMPONENTS TO CONNECT PARTICIPANTS TO
FINANCIAL COUNSELING AND BANKING OPPORTUNITIES; FURTHER
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE THE
GRANT AWARD AGREEMENT AND ANY AND ALL AMENDMENTS AND
EXTENSIONS THERETO, ALL IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, IN ORDER TO IMPLEMENT SAID GRANT AWARD.
WHEREAS, ACCESS Miami stands for Assets, Capital, Community, Education,
Savings, and Success; and
WHEREAS, one (1) of ACCESS Miami's four (4) cornerstone goals is 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 Fund"), supports municipal efforts to improve the financial stability
of households by leveraging opportunities unique to local government; and
WHEREAS, the CFE Fund works to promote economic progress in communities around
the world and focuses on initiatives that expand financial inclusion and, towards that goal, has
partnered with seven (7) cities in the United States, including the City, to implement the Summer
Youth Connect initiative; and
WHEREAS, the CFE Fund is currently launching the sixth (6th) year of the Summer Jobs
Connect program, which supports summer youth employment programs "with a purpose" and
connect youth to financial education, one-on-one coaching, empowerment, and banking access
initiatives ("Program"); and
WHEREAS, since the inception of the Program, over eight hundred eighty (880) City
youth have been employed and the Program has generated over One Million Dollars
($1,000,000.00) in local economic impact; and
City of Miami Page 1 of 3 File ID: 5651 (Revision:) Printed On: 4/18/2025
File ID: 5651 Enactment Number: R-19-0171
WHEREAS, the CFE Fund desires to leverage the City's investment in the Program by
providing additional funding necessary to expand the Program to hire up to an additional one
hundred (100) City youth at local businesses and entities and continue to adhere to the
established Program components of financial counseling and banking opportunities; and
WHEREAS, the CFE Fund has awarded the City a grant in an amount not to exceed
Three Hundred Sixty -Seven Thousand, Five Hundred Dollars ($367,500.00) to expand the
Program and to hire up to an additional one hundred (100) youth between the ages of sixteen
(16) and nineteen (19) years who reside in low to moderate income census tracts in the City and
to place them in local businesses and entities to establish the Summer Youth Employment and
Financial Empowerment Expansion Program 2019 ("Grant"); and
WHEREAS, the Grant's goal is to expand, replicate, and implement the City's existing
Program model and continue to facilitate a coordinated national effort to affect and improve the
self-sufficiency of its low to moderate income youth by increasing their access to the financial
tools and education that are fundamental to economic prosperity and success; and
WHEREAS, this Grant will also allow the additional participants to receive saving's
incentives and coaching to improve their banking access, financial education, and financial
literacy; and
WHEREAS, this Grant provides the City access to participate in a learning community
convened under this Program by the CFE Fund and to develop a plan to implement an
expanded financial education and access to banking components into the Program; and
WHEREAS, this Program will leverage and take advantage of the existing financial
literacy and individualized financial coaching program components currently offered by
ACCESS Miami;
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 if fully set forth in this Section.
Section 2. The following new Special Revenue Project is established and resources are
appropriated as described below:
PROJECT TITLE: Summer Youth Employment & Financial
Empowerment Expansion Program 2019
RESOURCES: CFE Fund $367,500.00
APPROPRIATIONS: Summer Youth Employment & Financial $367,500.00
Empowerment Expansion Program 2019
City of Miami Page 2 of 3 File ID: 5651 (Revision:) Printed on: 4/18/2025
File ID: 5651 Enactment Number: R-19-0171
Section 3. The City Manager is authorized' to accept and appropriate the Grant in
accordance with the City's application and to negotiate and execute a Grant Agreement, in a
form acceptable to the City Attorney.
Section 4. The City Manager is further authorized' to negotiate and execute any and all
amendments and extensions thereto, all in a form acceptable to the City Attorney, in order to
implement said Grant award.
Section 5. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
ndez, ity Attor ey 5/20/2019
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 3 of 3 File ID: 5651 (Revision:) Printed on: 4/18/2025