Approval of $7.5 Million Grant for Palmetto Bay Economic Development

Original title: RESOLUTION WAIVING ADMINISTRATIVE RULES’ ELIGIBILITY REQUIREMENTS FOR APPLICANTS OF PROJECT 124 FUNDS; APPROVING INTERLOCAL AGREEMENT, AS AMENDED IN THE MANNER SET FORTH IN THIS RESOLUTION, BETWEEN VILLAGE OF PALMETTO BAY AND MIAMI-DADE COUNTY RELATING TO GRANT IN AMOUNT OF $7,500,000.00 FROM BUILDING BETTER COMMUNITIES GENERAL OBLIGATION BOND PROGRAM PROJECT 124 ECONOMIC DEVELOPMENT FUND; AUTHORIZING COUNTY MAYOR OR COUNTY MAYOR’S DESIGNEE TO EXECUTE AND DELIVER AMENDED INTERLOCAL AGREEMENT ON BEHALF OF COUNTY, SUBJECT TO SUCCESSFUL NEGOTIATION OF SUCH AMENDMENT; AND WAIVING REQUIREMENTS OF RESOLUTION NO. R-130-06 [SEE ORIGINAL ITEM UNDER FILE NO. 161550] (Regulatory and Economic Resources)

May 8, 2018

economic development grants interlocal agreements bond programs Palmetto Bay

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The Frame

What this does

The resolution releases $7,500,000 in bond funds to the Village of Palmetto Bay for economic development projects, contingent on the final negotiation of an .

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Village of Palmetto Bay

The Village is the recipient of the $7.5 million grant funds.

Miami-Dade County

The County is the grantor and is responsible for negotiating and executing the interlocal agreement.

What changed

Last recorded activity May 8, 2018.

What's next

Next step not available in the current record.

Summary

This resolution authorizes a $7.5 million grant from the Miami-Dade County 'Building Better Communities' bond program to the Village of Palmetto Bay. It also waives specific administrative eligibility requirements to facilitate the agreement between the County and the Village.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Why It Matters

The resolution releases $7,500,000 in bond funds to the Village of Palmetto Bay for economic development projects, contingent on the final negotiation of an .

Frequently Asked Questions

What is the purpose of this $7.5 million grant?

The funds are allocated from the Building Better Communities Program's Project 124 Economic Development Fund for use by the Village of Palmetto Bay.

What does it mean to waive administrative requirements?

It means the County is bypassing specific standard eligibility rules that would normally apply to applicants for these specific bond funds.

News Coverage

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Related Legislation

local_legislation

Approval of $7.5 Million Grant for Palmetto Bay Economic Development

This resolution authorizes a $7.5 million grant from the Miami-Dade County 'Building Better Communities' bond program to the Village of Palmetto Bay.

local_legislation

Approval of $2 Million Economic Development Grant for Oak Plaza Associates

This resolution authorizes a $2 million grant from the Miami-Dade County 'Building Better Communities' bond program to Oak Plaza Associates (Del.) LLC

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Waiver of Standard Procedures

The resolution explicitly waives Resolution No. R-130-06, indicating a departure from standard contract execution protocols to expedite this specific grant.

Resolution No. R-130-06