Resolution 86-18574 i
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RESOLUTION NO. 86-18574
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH,
FLORIDA, ADOPTING AND AUTHORIZING THE IMPLEMENTATION OF THE
COMMUNITY DEVELOPMENT BLOCK GRANT FUNDED INTERIM FINANCE
PROGRAM AS PREPARED BY THE ECONOMIC AND COMMUNITY
DEVELOPMENT DEPARTMENT OF THE CITY OF MIAMI BEACH, FLORIDA
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH,
FLORIDA, THAT,
WHEREAS, the Miami Beach City Commission has adopted as a primary citywide
goal the economic development of this community; and
WHEREAS, it is necessary to implement certain programs to provide incentives
for the economic development of this community; and
WHEREAS, the Economic and Community Development Department of the City
of Miami Beach has prepared such a program, which will provide for low interest, short
term financing of economic development projects in the City of Miami Beach; and
WHEREAS, the Miami Beach City Commission now desires to adopt this program
as a tool for economic development in the City of Miami Beach;
NOW, THEREFORE, be it resolved by the City Commission of the City of Miami
Beach, Florida, that the City Commission does hereby adopt and authorize the
implementation of the Community Development Block Grant funded Interim Finance
Program as prepared by the Economic and Community Development Department.
Further, that upon approval of the Loan Review Committee, minor changes or
adjustments to the program guidelines may be made as necessary, which do not
significantly alter the scope or intent of the program.
NOW, THEREFORE, be it further resolved by the City Commission of the City
of Miami Beach, Florida, that this Resolution shall become effective immediately upon
passage.
PASSED AND ADOPTED this 3rd day of September 1986.
a _7
AYOR
ATTEST
e C71 -
CITY CLERK
RWP/SLR/A2
•
FOR
liSft APPROVE;
• LEGAL DEPT.
Date,_ __ .
•
ORIGINAL
RESOLUTION NO. 86-18574
(Adopting and authorizing the implemen-
tation of the Community Development Block
Grant fund interim finance program as
prepared by the Economic and Community
Development Department of the City of
Miami Beach, Florida)