HomeMy WebLinkAboutSEOPW-CRA-R-98-0042Agenda Item No. 16
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RESOLUTION NO.
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING
AND DIRECTING MIAMI CAPITAL DEVELOPMENT
CORPORATION, INC., TO PREPARE AN INNOVATIVE
FINANCING PLAN FOR BUSINESSES IN THE HISTORIC
NORTHWEST THIRD AVENUE CORRIDOR NO LATER
THAN DECEMBER 15, 1998; AUTHORIZING AND
DIRECTING THE EXECUTIVE DIRECTOR TO NEGOTIATE
A FEE ARRANGEMENT FOR THE PROVISION OF SUCH
FINANCIAL PLAN; PROVIDING FOR AN EFFECTIVE DATE;
AND FOR OTHER PURPOSES.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
COMMUNITY REDEVELOPMENT AGENCY:
SECTION 1: The Board of Directors hereby authorize and direct Miami Capital
Corporation, Inc., to prepare and submit an innovative financial plan for businesses located in
the historic Northwest Third Avenue Corridor to the Board of Directors no later than December
15, 1998.
SECTION 2: The Executive Director is authorized and directed to negotiate a fee
arrangement with Miami Development Capital, Inc., for the preparation and submission of the
financial plan for approval by the Board of Directors within thirty (30) days hereof.
SECTION 3: This Resolution shall become effective immediately upon its
passage.
1998.
PASSED AND ADOPTED ON THIS 16th DAY OF November
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APPROVED AS TO FORM AND LEGAL
SUFFICIENCY:
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Holland & Knight, LLP
Counsel to the CRA
MIA4-674981.1
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