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Master Report
Enactment Number: R-04-0042
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 04-00055
Version: 1
File Type: Resolution Status: Passed
Reference: Controlling Body: Office of the City
Clerk
File Name: Pocket - Teele - Little Haiti Fed. Credit Union Introduced: 1/21/2004
Requester: Cost: Final Action: 1/22/2004
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CITY MANAGER TO
APPOINT AN ADVISORY AND OVERSIGHT COMMITTEE ("COMMITTEE") TO THE BOARD
OF DIRECTORS ("BOARD") OF THE LITTLE HAITI EDISON FEDERAL CREDIT UNION
("CREDIT UNION") OF NOT LESS THAN THREE (3) NOR MORE THAN SEVEN (7) PERSONS
FROM GOVERNMENT AND PRIVATE SECTORS TO INCLUDE BUT NOT BE LIMITED TO
PROVIDING: (1) A REVIEW OF ALL GOVERNMENT DOLLARS ("DONATED GOVERNMENT
FUNDS") THAT HAVE BEEN INFUSED INTO THE CREDIT UNION TO SUPPORT OPERATION
OF THE CREDIT UNION, (2) A RECOMMENDATION FOR THE AMOUNT OF DONATED
GOVERNMENT FUNDS NECESSARY FOR THE CREDIT UNION TO BECOME
SELF-SUFFICIENT IN THE NEXT 3 YEARS, (3) A SURVEY OF SIMILARLY SITUATED CREDIT
UNIONS IN THE SOUTH FLORIDA AREA THAT HAVE RECEIVED DONATED GOVERNMENT
FUNDS AND THE AMOUNTS RECEIVED, AND (4) A PLAN FOR SELF-SUFFICIENCY WITHIN
THREE (3) YEARS, APPROVED BY THE BOARD OF DIRECTORS, AND APPROVED AND
AUTHORIZED BY THE NATIONAL CREDIT UNION ADMINISTRATION ("NCUA"), WHICH
PLAN IS ANALYZED AND REVIEWED BY THE NCUA TO BE FULLY COMPLIANT WITH
APPLICABLE REGULATIONS; INSTRUCTING THE CITY ATTORNEY TO PROVIDE LEGAL
ADVICE TO THE COMMITTEE; FURTHER DIRECTING THE CITY MANAGER TO PRESENT A
THREE-YEAR PLAN FOR SELF-SUFFICIENCY TO THE BOARD AND THE CITY COMMISSION
AT THE MARCH 12, 2004 CITY COMMISSION MEETING; DIRECTING THE CITY CLERK TO
TRANSMIT A COPY OF THIS RESOLUTION TO THE NCUA UNDER SEAL.
Sponsors:
Notes:
Indexes:
Attachments: 04-00055 - petition.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1 City Commission 1/22/2004 ADOPTED Pass
1 Office of the City 1/23/2004 Reviewed and
Attorney Approved
1 Office of the Mayor 1/23/2004 Signed by the Mayor
City of Miami Page 1 Printed on 8/26/2016