Loading...
HomeMy WebLinkAboutR-24-0427City of Miami Resolution R-24-0427 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 16747 Final Action Date: 10/24/2024 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO ACCEPT A GRANT AWARD FROM THE LIVING CITIES ORGANIZATION, IN AN AMOUNT NOT TO EXCEED ONE HUNDRED THOUSAND DOLLARS ($100,000.00) ("GRANT") TO SUPPORT THE CITY OF MIAMI'S ("CITY") BREAKING BARRIERS TO BUSINESS ("B3") INITIATIVE TO ACCELERATE WEALTH -BUILDING FOR MINORITY BUSINESS OWNERS AND PROMOTE CLOSING THE RACIAL INCOME AND WEALTH GAP; FURTHER ESTABLISHING A SPECIAL REVENUE PROJECT TITLED "LIVING CITIES - B3 INITIATIVE" AND APPROPRIATING THE GRANT FUNDS FOR SAME; AUTHORIZING THE CITY MANAGER TO EXECUTE A GRANT AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, AND ANY AND ALL OTHER DOCUMENTS, AMENDMENTS, RENEWALS, MODIFICATIONS, AND EXTENSIONS THERETO, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, IN ORDER TO IMPLEMENT AND COMPLY WITH SAID GRANT. SPONSOR(S): Commissioner Miguel Angel Gabela, Commissioner Damian Pardo, Commissioner Christine King WHEREAS, Living Cities is an organization of collaborative philanthropic foundations and financial institutions committed to closing the racial income and wealth gap so that all people in cities across the United States can live economically sustainable and abundant lives; and WHEREAS, the Breaking Barriers to Business Initiative ("B3 Initiative") is designed to strengthen small businesses and open career pathways for Black, Indigenous and, People of Color ("BIPOC"); and WHEREAS, Living Cities has awarded the City of Miami ("City") a grant award in an amount not to exceed $100,000.00 ("Grant") to support a B3 Initiative in the City to transform systemic barriers found in the relationship between local government business -serving agencies and community -based business -serving organizations into systemic pathways that serve BIPOC business owners with the knowledge and financial capital they need to start, grow, and create jobs in their commercial corridor; and WHEREAS, the Grant will provide the City access to participate in a learning community cultivated by Living Cities and develop a plan for supporting small business corridors in the City; and WHEREAS, through participation in the B3 Initiative, the City can leverage and take advantage of its existing economic initiatives while expanding opportunities for entrepreneurs in the City; and City of Miami Page 1 of 2 File ID: 16747 (Revision:) Printed On: 8/8/2025 File ID: 16747 Enactment Number: R-24-0427 WHEREAS, it is appropriate for the City Commission to authorize the City Manager to execute a Grant agreement for the acceptance, administration and implementation of the City's B3 Initiative in 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 Living Cities to support the City's B3 Initiative to accelerate wealth -building for minority business owners and promote closing the racial income and wealth gap. Section 3. The following new Special Revenue Project Fund is established, and resources are appropriated as described below: PROJECT TITLE: Living Cities — B3 Initiative RESOURCES: Living Cities APPROPRIATIONS: B3 Initiative TOTAL: $100,000.00 $100,000.00 Section 4. The City Manager is further authorized' to execute the Grant agreement, in substantially the attached form, and any amendments, modifications, and extensions thereto, all in a form acceptable to the City Attorney, in order to accept grant funds and implement the Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: rge ng Ilf, C ty ttor -y 10/29/2024 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. 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: 16747 (Revision:) Printed on: 8/8/2025