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Legislation
Miami, FL 33133
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Resolution
File Number: 15-01156
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE TRANSFER OF PROGRAM YEAR 2015-2016 COMMUNITY
DEVELOPMENT BLOCK GRANT ECONOMIC DEVELOPMENT FUNDS IN THE
AMOUNT OF $250,000.00 FROM CITY OF MIAMI, SINGLE FAMILY
REHABILITATION RESERVE FUNDS -DISTRICT 4; ALLOCATING SAID FUNDS TO
LATIN CHAMBER OF COMMERCE OF THE UNITED STATES OF AMERICAAND
TO THE ECONOMIC DEVELOPMENT LOAN PROGRAM AS SPECIFIED IN
ATTACHMENT "A", ATTACHED AND INCORPORATED; AUTHORIZING THE CITY
MANAGER TO EXECUTE ALL THE NECESSARY DOCUMENTS, IN A FORM
ACCEPTABLE TO THE CITYATTORNEY, FOR SAID PURPOSE(S).
WHEREAS, pursuant to Resolution Number 15-0141, adopted March 26, 2015, the City
Commission approved the allocation of Community Development Block Grant ("CDBG") Economic
Development funds in an amount of $1,800,190.00, which included an amount of $250,000.00 to the
City of Miami, District 4 ("District") Single Family Rehabilitation program; and
WHEREAS, the District wishes to use the funds for Commercial Facade Improvement activities
and job creation program within the District; and
WHEREAS, the Administration recommends the transfer of CDBG, Economic Development funds
in the amount of $250,000.00 from the City of Miami, District 4, Single Family Rehabilitation reserve
funds, to Latin Chamber of Commerce of the United States of America ("CAMACOL") and to the
economic development loan program as specified in Attachment "A";
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 CDBG, Economic Development funds, in the amount of $250,000.00
from City of Miami, District 4, Single Family Rehabilitation reserve funds, to CAMACOL and to the
economic development loan program as specified in attachment "A", is authorized.
Section 3. The City Manager is authorized {1} to execute the necessary documents, in a form
acceptable to the City Attorney, for said purpose.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor. {2}
City of Mianii Page I of 2 File Id. 15-01156 (Iersion: 1) Printed On: 911112015
File Number: 15-01156
APPROVED AS TO FORM AND CORRECTNESS:
—) i L
VICTQRIA MENREZ
CITY ATTORNEY
Footnotes:
{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 Charter and 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 Mia ini Page 2 of 2 File Id. 15-01156 0ersion: 1) Printed On: 911112015