Miami-Dade Legislative Item
File Number: 061138
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File Number: 061138 File Type: Resolution Status: Adopted
Version: 0 Reference: R-734-06 Control: County Commission
File Name: PROMOTE $3 MILLION IN LOANS FROM S FL REGIONAL PLANNING COUN Introduced: 4/11/2006
Requester: NONE Cost: Final Action: 6/6/2006
Agenda Date: 6/6/2006 Agenda Item Number: 11A22
Notes: Title: RESOLUTION DIRECTING THE COUNTY MANAGER TO PROMOTE THE AVAILABILITY OF $3 MILLION IN LOANS THROUGH THE SOUTH FLORIDA REGIONAL PLANNING COUNCIL FOR BUSINESSES EXPANDING IN OR RELOCATING TO MIAMI-DADE, BROWARD, AND MONROE COUNTIES
Indexes: REVOLVING LOAN FUND PROGRAM
Sponsors: Dennis C. Moss, Prime Sponsor
  Sally A. Heyman, Co-Sponsor
Sunset Provision: No Effective Date: Expiration Date:
Registered Lobbyist: None Listed


Legislative History

Acting Body Date Agenda Item Action Sent To Due Date Returned Pass/Fail

Board of County Commissioners 6/6/2006 11A22 Adopted P
REPORT: During consideration of the changes to today’s agenda, Commissioner Moss noted he wanted to ensure that all appropriate County departments be aggressive in making all small minority businesses of Miami-Dade County aware of the availability of this loan fund because it gets administered through the South Florida Regional Planning Council located in Broward County. He suggested posting the information on the County’s Website.

Community Empowerment & Econ. Revitalization Cmte. 5/16/2006 2D Forwarded to BCC with a favorable recommendation P
REPORT: Assistant County Attorney Jess McCarty read the foregoing proposed resolution into the record. Ms. Cynthia Curry, Senior Advisor to the County Manager, provided an overview of the intent of the foregoing proposed resolution directing the County Manager to promote the availability of $3 million in revolving loan funds through the South Florida Regional Planning Council for businesses expanding in or relocating to Miami-Dade, Broward, or Monroe Counties. Hearing no objection, the Committee proceeded to vote on the foregoing proposed resolution as presented.

County Attorney 4/11/2006 Assigned Community Empowerment & Econ. Revitalization Cmte. 5/16/2006

County Attorney 4/11/2006 Assigned Shannon D. Summerset

Legislative Text


TITLE
RESOLUTION DIRECTING THE COUNTY MANAGER TO PROMOTE THE AVAILABILITY OF $3 MILLION IN LOANS THROUGH THE SOUTH FLORIDA REGIONAL PLANNING COUNCIL FOR BUSINESSES EXPANDING IN OR RELOCATING TO MIAMI-DADE, BROWARD, AND MONROE COUNTIES

BODY
WHEREAS, the South Florida Regional Planning Council is making $3 million in loan funds available to existing businesses wishing to expand or relocate within Miami-Dade, Broward, or Monroe counties; and
WHEREAS, loans to eligible businesses may range from $50,000.00 to $300,000.00; and
WHEREAS, these loans will be made available to businesses that cannot otherwise qualify for conventional financing; and
WHEREAS, businesses eligible for these loans may not be aware of the availability of these funds; and
WHEREAS, it is in the best interest of Miami-Dade County and its economy that businesses be made aware of this funding opportunity,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA that this Board directs the County Manager to promote the availability of $3 million in revolving loan funds through the South Florida Regional Planning Council for businesses expanding in or relocating to Miami-Dade, Broward, or Monroe Counties and which are unable to acquire conventional financing.
The Manager is directed to promote the loans using all available sources including, but not limited to, placement of a link to the loan program's website on the County Main Web Page and on the website of all relevant county departments including the Office of Community and Economic Development, the Department of Business Development, the Task Force on Urban Economic Revitalization, and the new Community Redevelopment Office.



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