HomeMy WebLinkAboutR-26-0014City of Miami
Resolution R-26-0014
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18423 Final Action Date: 1/8/2026
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED
PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE CITY
MANAGER'S FINDINGS, ATTACHED AND INCORPORATED AS EXHIBIT "A,"
THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE
NOT PRACTICABLE OR ADVANTAGEOUS FOR THE CITY OF MIAMI ("CITY");
WAIVING THE REQUIREMENTS FOR SAID PROCEDURES; ALLOCATING
FUNDS FROM THE CITY'S NDA ACCOUNT NO. 00001.980000.882000 IN AN
AMOUNT NOT TO EXCEED ONE HUNDRED TWENTY THOUSAND AND
00/100 DOLLARS ($120,000.00) ("FUNDS") TO MIAMI-DADE COUNTY PUBLIC
SCHOOLS FOUNDATION, INC., A FLORIDA NOT FOR PROFIT
CORPORATION ("FOUNDATION"), FOR THE PROVISION OF FINANCIAL
EDUCATION AND ASSET -BASED RESOURCES TO CITY RESIDENTS FOR
INCREASED POST -SECONDARY EDUCATION, TECHNICAL SKILLS
ATTAINMENT, AND IMPROVED FUTURE WORKFORCE ACCESS AND
INCOME MOBILITY("PROGRAM"), AUTHORIZED PURSUANT TO
RESOLUTION NO. R-19-0051, WITH THE FOUNDATION ASSUMING FULL
RESPONSIBILITY FOR THE SET-UP, ACCEPTANCE, AND MANAGEMENT
OF THE FUNDS TO CONTINUE THE FUTURE BOUND MIAMI CONSORTIUM
PARTNERSHIP INITIATIVE (`CONSORTIUM") WHICH PROVIDES
CHILDREN'S SAVINGS ACCOUNTS ("CSA") TO KINDERGARTEN STUDENTS
ENTERING ELEMENTARY SCHOOLS; FURTHER AUTHORIZING THE CITY
MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS
NECESSARY, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR
SAID PURPOSE; PROVIDING FOR THE INCORPORATION OF RECITALS
AND AN EFFECTIVE DATE.
WHEREAS, the Future Bound Consortium Initiative consists of a partnership
between The Miami Foundation, Inc., The United Way of Miami -Dade County, Inc., The
Miami -Dade County Public School Board, Catalyst Miami, Inc., Sant La Haitian
Neighborhood Center, The Children's Trust Fund, Inc., The Children's Movement, Inc.,
Miami -Dade County Public Schools Foundation, Inc. and the City of Miami ("City")
(collectively "Consortium") for the provision of financial education and asset -based
resources to City residents for increased post -secondary education, technical skills
attainment, and improved future workforce access and income mobility ("Program"); and
WHEREAS, Children's Savings Accounts ("CSAs") are long-term investment
accounts that provide incentives to help school -age children and their families build savings
to help offset the cost of postsecondary education in the future; and
WHEREAS, on January 24, 2019, the City Commission adopted Resolution No. 19-
City of Miami Page 1 of 3 File ID: 18423 (Revision: A) Printed On: 2/5/2026
File ID: 18423 Enactment Number: R-26-0014
0051, which authorized an initial allocation to the Consortium for the set-up, acceptance
and management of the CSA Program; and
WHEREAS, the Miami -Dade County Public Schools Foundation, Inc. ("Foundation")
has been selected by the Consortium as the fund administrator for the Consortium and will
assume full responsibility for the set-up, acceptance, and management of the funds and the
Program; and
WHEREAS, pursuant to Section 18-85(a) of the Code of the City of Miami, Florida,
as amended ("City Code"), the City Manager has made written findings, attached and
incorporated as Exhibit "A," that competitive negotiation methods and procedures are not
practicable or advantageous for the City's provision of said funds for the Program; and
WHEREAS, the City wishes to provide funds from the City's NDA Account No.
00001.980000.882000 in an amount not to exceed One Hundred and Twenty Thousand
and 100/00 Dollars ($120,000.00) to fund CSAs with a Fifty Dollar ($50.00) initial deposit
per each student graduating kindergarten and entering elementary schools within the City
as part of the Program;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble of this Resolution are
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. Pursuant to Section 18-85(a) of the City Code, by a four -fifths (4/5ths)
affirmative vote, after an advertised public hearing, the City Manager's written findings,
attached and incorporated as Exhibit "A," that competitive negotiation methods and
procedures are not practicable or advantageous for the City's provision of said Funds for
the Program and waiving the requirements for said procedures, are hereby ratified,
approved, and confirmed.
Section 3. The City Manager is authorized' to allocate funds from the City's NDA
Account No. 00001.980000.882000 in an amount not to exceed One Hundred Twenty
Thousand and 00/100 Dollars ($120,000.00) to the Foundation, in trust for the Consortium,
to fund CSAs with a Fifty Dollar ($50.00) initial deposit per each student graduating
kindergarten and entering elementary schools within the City as part of the Program.
Section 4. The City Manager is further authorized' to negotiate and execute any and
all documents necessary, in a form acceptable to the City Attorney, for said purpose.
Section 5. This Resolution shall become effective immediately upon its adoption.
1 The herein authorization is further subject to compliance with all requirements that may be imposed
by the City Attorney, including but not limited to, those prescribed by applicable City Charter and City
Code provisions.
City of Miami Page 2 of 3 File ID: 18423 (Revision: A) Printed on: 2/5/2026
File ID: 18423
Enactment Number: R-26-0014
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy j ng III, C y ttor
12/29/2025 e . g Wy j ng III, C1ty -ttor -y 2/4/2026
City of Miami Page 3 of 3 File ID: 18423 (Revision: A) Printed on: 2/5/2026