HomeMy WebLinkAboutR-25-0357City of Miami
Resolution R-25-0357
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18111 Final Action Date: 9/11/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION DIRECTING THE CITY
MANAGER, OR DESIGNEE, TO RESEARCH AND INITIATE THE PROCESS
OF UPDATING AND AMENDING THE ENDOWMENT FUND AGREEMENT
BETWEEN THE CITY OF MIAMI AND THE MIAMI FOUNDATION, INC.
("AGREEMENT"), THAT CREATED AND ESTABLISHED THE HEART OF OUR
PARKS ENDOWMENT FUND PURSUANT TO RESOLUTION NO. R-04-0737
ADOPTED ON NOVEMBER 18, 2004, TO ALIGN WITH CURRENT BEST
PRACTICES, EXPAND ELIGIBLE USES, AND SIMPLIFY THE PROCESS TO
ACCEPT PUBLIC DONATIONS AND DRAW DOWN ON FUNDS; FURTHER
DIRECTING THE CITY MANAGER, OR DESIGNEE, TO PROVIDE THE CITY
COMMISSION WITH A REPORT ON THE PROCESS AND STATUS OF
AMENDING THE AGREEMENT AT THE SEPTEMBER 25, 2025 REGULAR
CITY COMMISSION MEETING.
SPONSOR(S): Commissioner Ralph "Rafael" Rosado
WHEREAS, on November 18, 2004, pursuant to Resolution No. R-04-0737, the City
Commission authorized the City Manager to execute an Agreement to Establish an Endowment
Fund ("Agreement"), with the Miami Foundation, Inc., a Florida not for profit corporation
(formerly known as the Dade Community Foundation, Inc.), to establish an endowment fund for
the donation of funds for a Heart of Our Parks Endowment Fund to benefit charitable programs,
activities and services for the City's parks, under the terms and conditions set forth in the
Agreement ("Endowment Fund"); and
WHEREAS, the City finds that the Endowment Fund as established is not serving its
purpose or the public at its full potential; and
WHEREAS, the City finds that it would be in the best interests of the City and its
residents to update the structure of the Endowment Fund to align it with current best practices
and expand allowable uses of the funds in addition to parks, such as affordable housing,
services or programs for low-income individuals and families; services and programs for senior
citizens; and after -school programs; and
WHEREAS, the City wishes to amend the Endowment Fund's structures and
requirements to simplify the process for the public to donate to the Endowment Fund and for the
City to draw down on the funds for eligible uses; and
WHEREAS, the City believes that it is in the best interests of the City, residents, visitors,
and potential donors to establish clear funding levels and goals depending on the type of capital
or physical improvements, or services the donor wishes to contribute funds towards;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
City of Miami Page 1 of 2 File ID: 18111 (Revision:) Printed On: 9/30/2025
File ID: 18111 Enactment Number: R-25-0357
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The Miami City Commission hereby directs the City Manager, or designee, to
initiate the process of updating and amending the Agreement for the Endowment Fund to align
with current best practices, expand eligible uses, and simplify the process to accept public
donations and draw down on funds.
Section 3. The Miami City Commission hereby further directs the City Manager, or
Designee, to provide the City Commission with a report on the process and status of amending
the Agreement at its September 25, 2025 Regular City Commission meeting.
Section 3. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy j ng III,Crty tor -y 9/2/2025
City of Miami Page 2 of 2 File ID: 18111 (Revision:) Printed on: 9/30/2025