HomeMy WebLinkAboutR-80-0517RESOLUTION NO. 8 0 - 5 17
A RESOLUTION CONDITIONALLY ALLOCATING
$50,000 OF SIXTH YEAR COMMUNITY DEVELOP-
MENT BLOCK GRANT FUNDS TO THE JOINT VENTURE
OF LITTLE RIVER ASSOCIATION/EDISON-BUENA
VISTA LOCAL DEVELOPMENT CORP.(LDC), A
COMMUNITY BASED JOINT VENTURE, FOR THE
PURPOSE OF IMPLEMENTING AN ECONOMIC DEVELOP-
MENT PROGRAM IN THE TARGET AREA OF EDISON-
LITTLE RIVER FOR THE CONTRACT PERIOD COM-
MENCING JULY 1, 1980 AND ENDING JUNE 30,
1981; FURTHER PROVIDING FOR AN AUTOMATIC
ALLOCATION TO EDISON-BUENA VISTA LDC IN THE
EVENT THERE IS NONCOMPLIANCE WITH THE CONDI-
TIONS CONTAINED HEREIN.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. $50,000 of Sixth Year Community Development
1/
Block Grant funds is hereby allocated to the joint venture of
Little River Association/Edison-Buena Vista Local Development
Corp. (LDC), a community based joint venture, for the purpose
of implementing an economic development program in the Edison -
Little River target area, subject to the conditions set forth
in paragraphs (a) and (b) hereof:
(a) There must be a matching grant of $50,000 from
Metropolitan Dade County to the Little River Commerce Associa-
tion to implement an economic development program in the
Edison -Little River target area.
(b) There must be a joint board established to adminis-
ter and implement such economic development program with the
majority of members on said board representing the Edison -
Buena Vista LDC. "DOCUMLno
NDEX
�TM N0.
(c) If both of the above cond t ons armet, the
herein allocation is hereby automatically allocated to the
Edison -Buena Vista LDC without further City Commission
approval.
PASSED AND ADOPTED this loth day of July, 1980.
MAURICE A. FURRE
M AY O R
ATTEST:
RALP41 G. ONGIE, CITY C K
-------------------------------------------------------------
1/ The allocation is for the period July 1, 1980 and ending
June 30, 1981
80-517