HomeMy WebLinkAboutR-26-0035City of Miami
Resolution R-26-0035
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18681 Final Action Date: 1/22/2026
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK
GRANT ("CDBG") FUNDS FROM FISCAL YEAR ("FY") 2025-26, IN THE TOTAL
AMOUNT OF FIFTY THOUSAND DOLLARS ($50,000.00) FROM THE
DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT TO
PROSPERA INITIATIVES, INC., D/B/A PROSPERA, TO BE UTILIZED FOR
TECHNICAL ASSISTANCE TO FOR -PROFIT BUSINESSES AND TO CARRY
OUT OTHER ELIGIBLE ECONOMIC DEVELOPMENT ACTIVITIES IN
DISTRICT 4, AS SPECIFIED IN EXHIBIT "A," ATTACHED AND
INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO
NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, INCLUDING AMENDMENTS,
RENEWALS, EXTENSIONS, AND MODIFICATIONS, AS MAY BE
NECESSARY, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT
REGULATE THE USE OF SUCH FUNDS, FOR SAID PURPOSE.
SPONSOR(S): Commissioner Ralph "Rafael" Rosado
WHEREAS, pursuant to Resolution No. R-25-0287, adopted July 25, 2025, the Miami
City Commission approved the allocation of Community Development Block Grant ("CDBG")
funds in the total amount of Five Million Twenty -Five Thousand Two Hundred Eighty -Three and
00/100 Dollars ($5,025,283.00) for Fiscal Year ("FY") 2025-2026, which included an amount of
Two Million Six Hundred Sixty -Seven Thousand Eighty -Three Dollars and 95/100 Cents
($2,667,083.95) for economic development activities; and
WHEREAS, a portion of these funds need to be reallocated to Prospera Initiatives, Inc.,
("Prospera") to be utilized for technical assistance to for -profit businesses and to carry out other
CDBG-eligible economic development activities within District 4; and
WHEREAS the City's Administration recommends the transfer of a portion of CDBG
funds from FY 2025-26 in the amount of Fifty Thousand and 00/100 Dollars ($50,000.00) from
the Department of Housing and Community Development ("HCD") to Prospera to be utilized for
eligible CDBG economic development activities in District 4; as specified in Exhibit "A," attached
and incorporated;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
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 transfer of a portion of CDBG funds from FY 2025-26 in the amount of
Fifty Thousand and 00/100 Dollars ($50,000.00) from HCD to Prospera, to be utilized for eligible
File ID: 18681 Enactment Number: R-26-0035
CDBG economic development activities in District 4; as described in Exhibit "A," attached and
incorporated; is authorized.'
Section 3. The City Manager is authorized to negotiate and execute any and all
necessary documents, including amendments, extensions, and modifications, all in a form
acceptable to the City Attorney, as may be necessary to implement the transfer of said funds.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
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.