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CITY OF MIAMI, FLORIDA
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INTER -OFFICE MEMORANDUM
TO :
FROM:
The Honorable Mayo
Members of The Cit,
Joe Arrola
City Eger
ission
DATE : J 11 L 2 62004 FILE :
Transferring $250,000 from 30th
SUBJECT : Year Economic Development
Reserve Account to Little Haiti -
Edison Federal Credit Union.
REFERENCES:
City Commission Meeting
ENCLOSURES: July 29, 2004
RECOMMENDATION:
It is respectfully recommended that the City Commission adopt the attached Resolution,
with attachment(s), authorizing the transfer of funds in the amount of $250,000 from the
30th year Economic Development Reserve Funds to Little Haiti Credit Union for
economic development activities beginning October 1, 2004 to September 30, 2005.
BACKGROUND:
The City Commission at the meeting of June 10, 2004 reserved $400,000 of Economic
Development Funding for 2004-2005. This administration is requesting that $250,000 be
allocated to Little Haiti -Edison Federal Credit Union for economic development activities
beginning October 1, 2004 to September 30, 2005.
It is recommended that the City Commission adopt the attached Resolution, with
attachment(s), authorizing the allocation of funds in the amount of $250,000 from the 30th
year Reserve Account, to Little Haiti Federal Credit Union for economic development
activities beginning October 1, 2004 to September 30, 2005.
The proposed Resolution does not have a budgetary impact on the General Fund.
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