HomeMy WebLinkAboutSummary FormAGENDA ITEM SU MARY FO"'M
15-00804
FILE ID:
Date: 06/14/2015 Requesting Department: SEOPW CRA
Commission Meeting Date: 7/23/2015 District Impacted: 2
Type: Resolution Ordinance Emergency Ordinance T Discussion Item
Other
Law Department
Matter ID No.
Subject: Resolution Approving Cash Collateralized Line of Credit for the SEOPW CRA
Purpose of Item:
Resolution Approving Cash Collateralized Line of Credit for the SEOPW CRA
Background Information:
A RESOLUTION OF THE MIAMI CITY COMMISSION, APPROVES THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA") TO ESTABLISH A
CASH COLLATERIAZED LINE OF CREDIT IN AN AMOUNT NOT TO EXCEED $75,000 WITH
FLORIDA COMMUNITY BANK TO SUPPLEMENT FUNDING ALLOCATED BY THE CRA FOR THE
REHABLITATION OF TOWN PARK PLAZA NORTH, 475 N.W. 19TH STREET, MIAMI, FLORIDA
(FOLIO NO. 01-3136-083-0870).
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: $0.00
Final Approvals
(SIGN AND DATE)
CIP Budget
If using or receiving capital funds
Grants Risk Managemei
Purchasing Dept. Director
Chief City Manager
Page 1 of 1