HomeMy WebLinkAboutPre-Legislation 2Attachment 1
RESOLUTION R-1-99
SAFE NEIGHBORHOOD PARKS
CITIZENS' OVERSIGHT COMMITTEE
USE OF SAFE NEIGHBORHOOD PARKS INTEREST EARNINGS
WHEREAS, the Board of County Commissioners of Miami -Dade County, Florida,
through Ordinance 96-115, the Safe Neighborhood Parks Ordinance, duly
organized and established this Citizens' Oversight Committee (the "Committee"); and
WHEREAS, the Ordinance has charged the Committee with the responsibility of
overseeing the deposit and disbursement of Bond proceeds for the acquisition
and improvement of parks and natural areas, all as more particularly set forth in
the ordinance; and
WHEREAS, the Committee wishes to establish the use of Safe Neighborhood
Parks interest earnings as specifically set forth below;
NOW THEREFORE BE IT RESOLVED BY THE CITIZENS' OVERSIGHT
COMMITTEE OF THE SAFE NEIGHBORHOOD PARKS BOND:
Section 1. Initial Earnings. Prior to full execution of grant agreement with
Public Agency or Not -For -Profit Organization, interest earned shall be allocated
to land acquisition.
Section 2. Subsequent Earnings. Subsequent to full execution of grant
agreement with Public Agency or Not -For -Profit Organization, interest earned on
behalf of each grant recipient to be allocated as follows:
(A). to the Office of Safe Neighborhood Parks, as needed, for central
administration;
(B). the balance is to be distributed
- 30.00% to the Public Agency or Not -For -Profit Organization on
whose behalf the interest was earned (may be used for soft
costs consistent with the Ordinance)
Attachment 1
70.00% to be used, at the discretion of the
Oversight Committee, for land acquisition or other eligible projects
consistent with the Ordinance.
APPROVED 3/26/99
Safe Neighborhood Park Citizens' Oversight Committee
2