HomeMy WebLinkAboutItem #22 - First Reading OrdinanceJ:',1t ..
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ORDINANCE NO.
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AN ORDINANCB BSTAHLISHING A NEW SPECIAL
REVENUE FUND ENTITLED:"~IYNWOOD FREE TRADE
ZONE SECTION 108", AND APPROPRIATING
$5,500,000. FOR THE OPERATION OF SAME, AS
RJ3CEIVBD FROM THE UNITED STATES
DEPARTMENT OF HOUSING AND URBAN
DBVSLOPMENT ("HUD"), SECTION 108 LOAN
GUARANTEE; CONTAINING A REPEALER
PROVISION AND A SEVERAHILITY CLAUSE.
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WHEREAS, the Department of Housing and Urban Development
("HUD"3 apprdved a Section 108 Loan G r in the amount of
+ $5.5 Million. for the development of t Wynw d Free Trade Zone
by Dade Foreign Trade Zone, Inc.; d
WHEREAS, it is necessary toe ab h a Special Revenue•Fund
and appropriate the funds for saw Lan Guarantee;
NOW, THEREFORE, BE AI HY TH$ COMMISSION OF THE CITY.
OF MIAMI, FLORIDA:
Section 1. The itals and findings contained in the
Preamble to this O di nc are hereby adopted by reference
thereto and in~rp ~e~! erein as if fully set forth in this
Section.
Section 2.
established and
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following Special Revenue Fund is hereby
es are hereby appropriated as described
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