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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #8702 Date: 03/02/2021 Commission Meeting Date: 04/08/2021 Requesting Department: Office of Grants Administration Sponsored By: District Impacted: All Type: Resolution Subject: Establish Special Revenue - Summer Youth Employment Program Purpose of Item: A Resolution of the Miami City Commission authorizing the acceptance and appropriation of funds from the Cities for Financial Empowerment (CFE) Fund, Inc. in an amount not to exceed $200,000.00 and establishing a new Special Revenue Project entitled "Summer Youth Employment Program Expansion 2021" for the purposes of expanding and supporting additional summer youth employment opportunities with local businesses and entities and continue 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 award agreement, amendments and extensions in a form acceptable to the City Attorney, in order to implement said grant award. Background of Item: 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 50 cities in the United States, including Miami to implement and now expand the summer youth initiative. The grant's goal is to replicate and implement in the City of Miami 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. Since the inception, the program has employed 1,250 Miami youth, resulting in over $2,924,000.00 dollars paid in wages and savings in excess of $500,000.00 dollars. The CFE Fund has awarded the City a grant in the amount of $200,000.00 to expand the existing program to other local businesses and entities and hire additional youth ages 16-19 residing in low to moderate income areas in the City of Miami. Budget Impact Analysis Item is an Expenditure Item is Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: $200,000.00 Special Revenue Account No: TBD Office of Grants Administration Office of Management and Budget Office of Management and Budget City Manager's Office Legislative Division City Manager's Office Office of the City Attorney Office of the City Attorney Office of the City Attorney City Commission Office of the Mayor Office of the City Clerk Office of the City Clerk Reviewed B Lillian P Blondet Jacques Joseph Leon P Michel Fernando Casamayor Valentin J Alvarez Arthur Noriega V Domini J. Gibbs Barnaby L. Min Victoria Mendez Nicole Ewan Mayor's Office City Clerk's Office City Clerk's Office Department Head Review Completed 03/09/2021 2:01 PM Budget Analyst Review Completed 03/17/2021 12:22 AM Budget Review Completed 03/18/2021 7:54 PM Assistant City Manager Review Completed 03/19/2021 8:57 AM Legislative Division Review Completed 03/19/2021 9:10 AM City Manager Review Completed 03/22/2021 10:04 PM ACA Review Completed 03/25/2021 5:35 PM Deputy City Attorney Review Completed 03/25/2021 6:37 PM Approved Form and Correctness Completed 03/30/2021 6:44 PM Meeting Completed 04/08/2021 9:00 AM Signed by the Mayor Completed 04/19/2021 12:40 PM Signed and Attested by the City Clerk Completed 04/19/2021 12:42 PM Rendered Completed 04/19/2021 12:42 PM City of Miami Legislation Resolution Enactment Number: R-21-0136 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 8702 Final Action Date:4/8/2021 A RESOLUTION OF THE MIAMI CITY COMMISSION ACCEPTING, ALLOCATING, AND APPROPRIATING GRANT FUNDS FROM THE CITIES FOR FINANCIAL EMPOWERMENT FUND, INC., A DELAWARE NON -STOCK, NON-PROFIT CORPORATION ("CFE FUND"), IN AN AMOUNT NOT TO EXCEED TWO HUNDRED THOUSAND DOLLARS ($200,000.00) ("GRANT"); ESTABLISHING A NEW SPECIAL REVENUE PROJECT TITLED "SUMMER YOUTH EMPLOYMENT AND FINANCIAL EMPOWERMENT EXPANSION PROGRAM 2021" FOR THE PURPOSES OF EXPANDING AND SUPPORTING ADDITIONAL SUMMER YOUTH EMPLOYMENT OPPORTUNITIES WITH LOCAL BUSINESSES AND ENTITIES AS WELL AS CONTINUE 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 AMENDMENTS AND EXTENSIONS THERETO, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, IN ORDER TO IMPLEMENT SAID GRANT AWARD FOR THE PERIOD COMMENCING MARCH 15, 2021 AND ENDING MARCH 15, 2022, WITH THE OPTION TO RENEW FOR UP TO TWO (2) ADDITIONAL ONE-YEAR PERIODS WITH THE SAME TERMS AND CONDITIONS. WHEREAS, ACCESS Miami stands for Assets, Capital, Community, Education, Savings, and Success; and WHEREAS, ACCESS Miami is a Citywide, comprehensive empowerment strategy aimed at increasing City of Miami ("City") residents' access to the financial tools and education that are fundamental to economic prosperity and success 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 fifty (50) cities in the United States, including the City, to implement the Summer Jobs Connect Initiative ("Initiative"); and WHEREAS, the CFE Fund is currently launching the 8th year of its Initiative supporting summer youth employment programs "with a purpose" and their connection to financial education, one-on-one coaching, empowerment, and banking access initiatives; and WHEREAS, since its inception, the City's Summer Youth Employment Program ("Program") has employed over one thousand two hundred fifty (1,250) City youths, resulting in over two million nine hundred twenty four thousand dollars ($2,924,000.00) paid in wages and savings in excess of five hundred thousand dollars ($500,000.00); and WHEREAS, the CFE Fund desires to leverage the City's investment in the Program by providing additional funding in an amount not to exceed Two Hundred Thousand Dollars ($200,000.00) ("Grant") to expand the Program to hire additional youth between sixteen (16) and nineteen (19) years of age residing in low to moderate income census tracts in the City and to place them in local businesses and entities for 2021, while continuing to adhere to the Program's components of financial counseling and banking opportunities; 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 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 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 City's existing financial literacy and individualized financial coaching program components currently offered by ACCESS Miami; and WHEREAS, the City Manager is requesting authority from the City Commission to negotiate and execute a Grant agreement ("Agreement"), in a form acceptable to the City Attorney, with CFE Fund for said allocation for the period commencing March 15, 2021 and ending March 15, 2022 in an amount not to exceed Two Hundred Thousand Dollars ($200,000.00) with the option to renew for up to two (2) additional one-year periods with the same terms and conditions; 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 City Manager is authorized' to accept, allocate, and appropriate Grant funds received from the CFE Fund for the purpose of expanding and supporting the Program by hiring additional youth between sixteen (16) and nineteen (19) years of age residing in low to moderate income census tracts in the City and to place them in local businesses and entities for 2021, while continuing to adhere to the Program components of financial counseling and banking opportunities. Section 3. The following new Special Revenue Projects is established and resources are appropriated as described below: 1 The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to those prescribed by applicable City Charter and City Code provisions. PROJECT TITLE: RESOURCES: APPROPRIATIONS: Summer Youth Employment & Financial Empowerment Expansion Program 2021 CFE Fund $200,000.00 Summer Youth Employment & Financial $200,000.00 Empowerment Expansion Program 2021 Section 4. The City Manager is further authorized' to negotiate and execute a Grant Agreement and any amendments and extensions thereto, all in forms acceptable to the City Attorney, in order to implement said Grant for the period commencing March 15, 2021 and ending March 15, 2022 with the option to renew for up to two (2) additional one-year periods with the same terms and conditions. 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 3/30/2021 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.