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

Original title: RESOLUTION APPROVING GRANT AGREEMENT, AS AMENDED IN THE MANNER SET FORTH IN THIS RESOLUTION, BETWEEN OAK PLAZA ASSOCIATES (DEL.) LLC AND MIAMI-DADE COUNTY RELATING TO GRANT IN AMOUNT OF $2,000,000.00 FROM PROJECT 320 ECONOMIC DEVELOPMENT FUND OF BUILDING BETTER COMMUNITIES GENERAL OBLIGATION BOND PROGRAM; AUTHORIZING COUNTY MAYOR OR COUNTY MAYOR’S DESIGNEE TO EXECUTE AND DELIVER AMENDED GRANT 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. 161461] (Regulatory and Economic Resources)

Record date · May 8, 2018

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What This Bill Does

This resolution authorizes a $2 million grant from the Miami-Dade County 'Building Better Communities' bond program to Oak Plaza Associates (Del.) LLC. It also grants the County Mayor authority to finalize and sign the amended agreement.

Why it matters

The resolution authorizes the disbursement of $2,000,000 in public bond funds to a private entity, Oak Plaza Associates (Del.) LLC, for economic development purposes.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Oak Plaza Associates (Del.) LLC

They are the recipient of the $2,000,000 grant funds.

Directly affected

Miami-Dade County taxpayers

They are the source of the funds through the General Obligation Bond program.

Key Facts

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Frequently Asked Questions

Where is the $2 million grant money coming from?

The funds are provided by the Project 320 Economic Development Fund, which is part of the Building Better Communities Program.

What does it mean to waive Resolution No. R-130-06?

typically sets specific requirements for how county contracts must be executed; waiving it allows the county to proceed with this specific grant agreement under different terms.

What else do you want to know?

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Full breakdown

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Related Legislation

Meeting

Miami-Dade County Commission Meeting Summary: September 3, 2020

This document outlines the agenda and actions taken by the Miami-Dade Board of County Commissioners during their September 3, 2020, meeting. Key decis

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

Discoveries

1 pattern noticed across the record

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

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Procedural Waiver

The resolution explicitly waives R-130-06, indicating that the contract was not fully finalized before being presented to the Board, which is a common practice for time-sensitive or complex negotiations.

Resolution No. R-130-06