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HomeMy WebLinkAboutR-23-0526City of Miami Resolution R-23-0526 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 15005 Final Action Date: 12/14/2023 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO ACCEPT A GRANT AWARD FROM THE CITIES FOR FINANCIAL EMPOWERMENT FUND, INC., A DELAWARE NON-PROFIT CORPORATION ("CFE FUND"), IN AN AMOUNT NOT TO EXCEED FIFTY THOUSAND DOLLARS ($50,000.00) ("GRANT") FOR A PERIOD OF THREE -YEARS FOR THE CITY OF MIAMI ("CITY") SUMMER JOBS CONNECT-MIAMI: INNOVATIVE BANKING TO SUPPORT AT -RISK YOUTH ("CITY PROGRAM") TO EXPAND THE SUMMER JOBS CONNECT PROGRAM TO AID TWENTY FIVE HOMELESS YOUTH; FURTHER ESTABLISHING A SPECIAL REVENUE PROJECT FUND TITLED "SUMMER JOBS CONNECT-MIAMI YOUTH START UP PROJECT" AND APPROPRIATING THE GRANT FOR THE SAME; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, A GRANT AGREEMENT AND ANY AND ALL OTHER DOCUMENTS, AMENDMENTS, RENEWALS, MODIFICATIONS, AND EXTENSIONS IN ORDER TO IMPLEMENT AND COMPLY WITH SAID GRANT FROM THE CFE FUND FOR THE CITY PROGRAM. SPONSOR(S): Commissioner Christine King WHEREAS, the Cities for Financial Empowerment Fund, Inc., a Delaware Non -Profit Corporation ("CFE Fund"), supports municipal efforts to improve the financial stability of households by leveraging opportunities unique to local governments; and WHEREAS, the CFE Fund is continuing to support the City of Miami ("City") through its Summer Jobs Connect Program, which supports at -risk youth by providing financial education, financial coaching, financial empowerment, and banking access initiatives ("Summer Jobs Connect"); and WHEREAS, CFE Fund has awarded the City grant award in an amount not to exceed Fifty Thousand Dollars ($50,000.00) for a period of three (3) years ("Grant") to expand the current City program until 2025 to implement the Miami Youth Start Up Project which will provide financial education and entrepreneurial skills to twenty-five (25) at -risk and homeless youth ages 14 to 17 years old living within the City with the goal of developing their desire for innovation and financial success and ensure that youth participants become banked and utilize direct deposit; and WHEREAS, the Grant will provide the City access to participate in a learning community convened under Summer Jobs Connect by the CFE Fund and develop a plan for expanding financial education and access to banking for youth program participants; and City of Miami Page 1 of 3 File ID: 15005 (Revision:) Printed On: 7/18/2025 File ID: 15005 Enactment Number: R-23-0526 WHEREAS, through participating in Summer Jobs Connect, the City can better leverage and take advantage of its existing financial literacy and individualized financial coaching program components currently offered to program participants; and WHEREAS, it is appropriate for the City Commission to authorize the City Manager to accept, budget, allocate, and appropriate the Grant Funds, and to negotiate and execute any and all necessary documents, including but not limited to, amendments, extensions, renewals, and modifications, all in forms acceptable to the City Attorney, for the acceptance, administration and implementation of, and compliance with all applicable laws, rules, and regulations, for said Purpose; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY 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 the Grant from the CFE Fund to expanding and supporting up to twenty five (25) serve at -risk youth, and Miami Youth Start Up project will use this funding as an opportunity to exclusively outreach to homeless youth ages 14-17 years old, and educate them on the fundamentals of banking, financial literacy, and entrepreneurship skills to prepare them to join the "future -ready workforce. Section 3. The following new Special Revenue Project Fund is established, and resources are appropriated as described below: PROJECT TITLE: Summer Jobs Connect - Miami Youth Start Up Project RESOURCES: CFE Fund, Inc. $50,000.00 APPROPRIATIONS Summer Jobs Connect - Miami Youth Start Up Project TOTAL: $50,000.00 Section 4. The City Manager is further authorized1 to negotiate and execute, in a form acceptable to the City Attorney, the Grant Agreement and any and all other documents, amendments, renewals, modifications, and extensions in order to implement and comply with said Grant from the CFE Fund for the purposes stated herein. Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.' 1 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 3 File ID: 15005 (Revision:) Printed on: 7/18/2025 File ID: 15005 Enactment Number: R-23-0526 APPROVED AS TO FORM AND CORRECTNESS: z, i y ttor ey ) 11/28/2023 City of Miami Page 3 of 3 File ID: 15005 (Revision:) Printed on: 7/18/2025