HomeMy WebLinkAboutSummary FormDate: 11/18/2005
AGENDA ITEM SUMMARY FORM
FILE ID:C. f Lilt
Requesting Department: Finance
Commission Meeting Date: 12/15/2005 District Impacted: N/A
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Interlocal Agreement to become a member of the FIFC
Purpose of Item:
It is recommended that the City Commission approve the recommendations of the City Manager to
enter into an Interlocal Agreement to become a member of the Florida Intergovenmental Finance
Commission ("FIFC") pursant to such interlocal agreement and designating the City's representative
to the FIFC.
Background Information:
The City of Coral Springs, Florida and the City of Palm Beach Gardens, Florida have heretofore
entered into an Interlocal Agreement, effective as of February 16,2001 pursuant to which the Florida
Intergovernmental Finance Commission ("FIFC"),a separate legal entity has been formed. This entity
will enable the City of Miami to participate in the financing program that offers the City the
economies of a large scale financing and a sophisticated structure which the City could not command
in the market solitary financings.
Budget Impact Analysis
NO Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No: _
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
CIP Budget
If using or receiving capital funds
Grants
R 'sk Management
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