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)

Record date · May 8, 2018

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What This Bill Does

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

Why it matters

The resolution releases $7,500,000 in bond funding for economic development projects in the Village of Palmetto Bay by modifying standard eligibility and agreement requirements.

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

Village of Palmetto Bay

The village is the recipient of the $7.5 million grant and a party to the interlocal agreement.

Directly affected

Miami-Dade County

The county is the grantor of the funds and is responsible for negotiating and executing the agreement.

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.

Frequently Asked Questions

Where is the $7.5 million coming from?

The funds are provided through the Miami-Dade County 'Building Better Communities' Program, specifically the Project 124 Economic Development Fund.

What does it mean to waive administrative eligibility requirements?

It means the standard rules usually required for applicants to qualify for these specific bond funds are being set aside for this particular agreement.

What else do you want to know?

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Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Discoveries

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Waiver of Standard Procedures

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

Resolution No. R-130-06 Miami-Dade County