HomeMy WebLinkAboutR-21-0136City of Miami
Resolution R-21-0136
Legislation
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
City of Miami Page 1 of 3 File ID: 8702 (Revision:) Printed On: 5/19/2025
File ID: 8702 Enactment Number: R-21-0136
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.
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.
City of Miami Page 2 of 3 File ID: 8702 (Revision:) Printed on: 5/19/2025
File ID: 8702 Enactment Number: R-21-0136
Section 3. The following new Special Revenue Projects is established and resources
are appropriated as described below:
PROJECT TITLE: Summer Youth Employment & Financial
Empowerment Expansion Program 2021
RESOURCES:
CFE Fund $200,000.00
APPROPRIATIONS: 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, City Attor ey 3/3072021
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: 8702 (Revision:) Printed on: 5/19/2025