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HomeMy WebLinkAboutR-15-0443Vop City of Miami Legislation < U R �O Resolution: R-15-0443 File Number: 15-01159 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 10/8/2015 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS, AUTHORIZING THE ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS IN THE AMOUNT OF $100,000.00 FROM THE D4 ECONOMIC DEVELOPMENT LOAN PROGRAM FUND TO C & H AESTHETIC CENTER, CORP. FOR JOB CREATION, UNDER THE TERMS AND CONDITIONS SPECIFIED IN ATTACHMENT "A"; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. WHEREAS, pursuant to Resolution No. 09-0298, adopted June 18, 2009, the City Commission approved the Economic Development Loan Fund Program Guidelines which govern the allocation of Community Development Block Grant ("CDBG") funds to local businesses for job creation or retention; and WHEREAS, on October 8, 2015, the City Commission approved the allocation of $100,000.00 to the D4 Economic Development Loan Program Fund; and WHEREAS, C & H Aesthetic Center, Corp. ("C & H") is a State of Florida corporation located at 3400 Coral Way, Suite 101, Miami, Florida that specializes in body treatments, facial treatments, and electrolysis; and WHEREAS, C & H will use the grant funds to create three (3) new jobs, at least two (2) of which must be filled by low -to -moderate income residents; and WHEREAS, the Administration recommends the allocation of CDBG funds from the D4 Economic Development Loan Program Fund in the amount of $100,000.00 to C & H for economic development activities, specifically job creation, under the terms and conditions 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 allocation of CDBG funds in the amount of $100,000.00 from the D4 Economic Development Loan Program Fund to C & H, under the terms and conditions as specified in Attachment "A", is approved. Section 3. The City Manager is authorized {1} to execute all 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 City of Miand Page 1 of 2 File Id. 15-01159 (Version: 1) Printed On: 3/27/2018 File Number: 15-01159 the Mayor.{2} Footnotes: Enactment Number: R-15-0443 {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 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. 15-01159 (Version: 1) Printed On: 3/27/2018