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Resolution 2024-33018RESOLUTION NO.i 2024-33018 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE ' CITY MANAGER AND CITY CLERK TO EXECUTE AGREEMENTS WITH THE MIAMI BEACH POLICE ATHLETIC LEAGUE, INC. ("MBPAL") AND THE MIAMI BEACH CHAMBER EDUCATION FOUNDATION, INC. ("MBCEF") TO PROVIDE FUNDING FOR FIRST GENERATION COLLEGE SCHOLARSHIPS FOR MIAMI BEACH RESIDENTS THROUGH AGREEMENTS WITH FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION, INC. AS PART OF AN FIU FOUNDATION, INC. 2:1 MATCHING GRANT, WITH THE TOTAL AMOUNT OF FUNDING FROM THE CITY OF MIAMI BEACH NOT TO EXCEED $30,800 AND $3,900 EACH FROM THE MBPAL AND MBCEF, FOR SCHOOL YEAR 2024-2025, AND EACH SUBSEQUENT YEAR THEREAFTER, SUBJECT TO FUNDING APPROVAL DURING THE CITY'S BUDGETARY PROCESS; AND FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL DOCUMENTS OR AGREEMENTS IN CONNECTION WITH THE PROGRAM. WHEREAS, in January 2008, the City of Miami Beach, Florida ("City") entered into an Education Compact with Miami -Dade County Public Schools ("M-DCPS") to enhance learning opportunities for youth; and WHEREAS, the Education Compact reflects the desire of the Miami Beach community to support excellence in the City's public schools; and WHEREAS, the Florida International University ("FIU") First Generation Scholarship Program is supported by an innovative matching grant program established in 2006 by the Florida Legislature; and WHEREAS, the program provides financial support to qualified undergraduate FIU students. who are the first generation in their families to attain a college degree; and WHEREAS, this program is the only one of its kind in the state of Florida to match private donations for first generation scholarships, providing financial assistance for students to attend a state university or state college; and WHEREAS, to date, FIU has awarded over 15,300 scholarships for critical financial support for FIU students; and WHEREAS, the need, however, is far greater than the available resources — currently, less than one in seven eligible students receives a First Generation Scholarship; and WHEREAS, as a result, many talented and highly motivated students with limited resources are forced to attend only part-time or postpone their education altogether; and WHEREAS, the First Generation Scholarship Program is, therefore, a vital source of financial support for many of FIU's underserved, low-income students that bridges the gap between their financial aid funding and their unmet need to fund their cost of attendance at FIU; and WHEREAS, increased scholarship and program financial aid are critical to ensure that all deserving students receive the assistance needed .to enroll, succeed, and graduate.; and WHEREAS, FIU serves more than 58,000 students, 70% of whom are undergraduates, approximately 90% of FIU undergraduate students are minorities, and nearly 25% self -identify as first generation college students; and WHEREAS, first generation students are more likely than their peers to come from lower -earning households, and yet, despite the significant need, a high percentage of FIU students receive only partial financial aid, and many students - eligible for First Generation Scholarships remain unfunded; and WHEREAS, in 2020-21, donor investment and state -matched funds supported 889 students, while 6,555 (88.1 %) students did not receive funding; and WHEREAS, investing in FIU's First Generation Scholarship Program will benefit not only the students, but the greater Miami Beach community; and WHEREAS, on September 14, 2022, the Mayor and City Commission adopted Resolution No. 2022-32286, approving and authorizing the City Manager and City Clerk to execute agreements with. the Miami Beach Police Athletic League, Inc. ("MBPAL") and the Miami .Beach Chamber Education Foundation, Inc. ("MBCEF") to provide funding to First Generation College Scholarships for Miami Beach residents through agreements with Florida International University Foundation, Inc. as part of the State of Florida 2:1 matching grant, with the total amount of funding from the City of Miami Beach not to exceed $28,000 for School Year 2022- 23' and each subsequent year, and $3,500 each from the MBPAL and MBCEF, subject to funding approval during the City' s budgetary process; and further authorize the City Manager to execute any and all documents or agreements in connection with the program; and WHEREAS, the City of Miami Beach contributed $28,000 for MBPAL which contributed $3,500, and the MBCEF which contributed $3,500, for total investment in the FIU First Generation Scholarship in the amount of $35,000 in school years 2022-23 and 2023-24; and WHEREAS, FIU Foundation, Inc. matching funds provided an additional $70,000 which is a 2:1 match yielding a total amount of $105,000 for FIU first -generation scholarships; and WHEREAS, a total of $210,000 has been awarded to 101 Miami Beach residents through the First Generation College Scholarship; and WHEREAS, in the 2022-2023 academic school year 44 residents were awarded $2,387 each. In the 2023-2024 academic school year 56 residents were awarded $1,875; and WHEREAS, the total contribution for fiscal year 2025 has been increased by 10% by all partners; and WHEREAS, the City of Miami Beach will contribute $30,800 annually, the Miami Beach Chamber Education Foundation will contribute $3,900 annually, the Police Athletic League will contribute $3,900 annually, and FIU will contribute $77,200; and M WHEREAS, funding will be prioritized to meet the needs of students who are degree - seeking undergrad students with a permanent address in the City and with zip codes of 3313% 33140, and 33141 (only residents in the City) with a. preference for First Time in College (FTIC) students; and WHEREAS, should there be no eligible FTIC students, other Miami Beach students will be eligible, and funding will be awarded based on financial need as indicated by the FAFSA "unmet need" of the student; and WHEREAS, in an event where there will not be enough students eligible to .award the funds that meet these criteria, funds will be rolledover to the following year .or .scholarship amounts per student can be increased; and WHEREAS, scholarships may be renewable upon meeting certain criteria 'including recipients demonstrating financial need by completing the national Free Application for Federal Student Aid (FAFSA) and being eligible for a Pell. Grant, recipients must also be the first .generation in their family to attain a college bachelor's degree (students whose siblings have attained or are pursuing a degree are also, eligible,recipients must be residents of the State of Florida, be enrolled in or accepted for admission to the FIU, and be a degree -seeking undergraduate student enrolled for a minimum of six credit hours per semester: NOW, THEREFORE, BE. IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby approve and authorize the City Manager and City Clerk to execute agreements with the Miami Beach Police Athletic League, Inc. ("MBPAL") and the Miami Beach Chamber Education Foundation, Inc.-(°MBCEF")-to provide funding to First Generation College Scholarships for . Miami Beach residents through. agreements with Florida International University Foundation, Inc. as part of the State of Florida 2:1 matching grant, with , the total amount of funding from the City of Miami Beach not to exceed $30,800, and $3,900 each from the MBPAL and MBCEF for School Year 2024-2025,. and each subsequent year thereafter, subject to funding approval during the City's budgetary process; and further authorize the City Manager to execute any and all documents or agreements in connection with the program. PASSED AND ADOPTED this ATTEST: 7�1 MAY 2 1 2024 Rafael Granado, City Clerk day of May, 2024. Steven Meiner, Mayor 3 APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION' ri�) SJ -7 1-2,0 2-of- Ity Momey ., f Dot9 . 5/9/24, 9:32 AM Item Coversheet in MIAMI BEACH TO: Honorable Mayor and Members of the City Commission FROM: Rickelle Williams, Interim City Manager DATE: May 15, 2024 COMMISSION MEMORANDUM SUBJECT. A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE AGREEMENTS WITH THE MIAMI BEACH POLICE ATHLETIC LEAGUE, INC. ("MBPAL") AND THE MIAMI BEACH CHAMBER EDUCATION FOUNDATION, INC. ("MBCEF") TO PROVIDE FUNDING FOR FIRST GENERATION COLLEGE SCHOLARSHIPS FOR MIAMI BEACH RESIDENTS THROUGH AGREEMENTS WITH FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION, INC. AS PART OF AN FIU FOUNDATION, INC. 2:1 MATCHING GRANT, WITH THE TOTAL AMOUNT OF FUNDING FROM THE CITY OF MIAMI BEACH NOT TO EXCEED $30,800 AND $3,900 EACH FROM THE MBPAL AND MBCEF, FOR SCHOOL YEAR 2024-2025, AND EACH SUBSEQUENT YEAR THEREAFTER, SUBJECT TO FUNDING APPROVAL DURING THE CITY'S BUDGETARY PROCESS; AND FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL DOCUMENTS OR AGREEMENTS IN CONNECTION WITH THE PROGRAM. RECOMMENDATION Approve the amendment to Resolution No. 2022-32286 to provide additional funding of $2,800 for the City of Miami Beach First Generation Scholarships to eligible Miami Beach residents and increase of $350 each by the MBPAL and MBCEF, as well as an increase of $7,000 by the FIU Foundation Inc.. BACKGROUNDLHISTORY In January 2008, the City of Miami Beach(City) entered an Education Compact with Miami -Dade County Public Schools (M-DCPS) to enhance leaming opportunities for youth. The Education Compact reflects the desire of the Miami Beach community to support excellence in the City's public schools. The Florida International University (FIU) First Generation Scholarship Program is supported by an innovative matching grant program established in 2006 by the Florida Legislature. The program provides financial support to qualified undergraduate FIU students who are the first generation in their families to attain a college degree. On September 14, 2022 Resolution No. 2022-32286 was passed to approve and authorize the City Manager and City Clerk to execute agreements with the Miami Beach Police Athletic League, Inc. (MBPAL) and the Miami Beach Chamber Education Foundation, Inc. (MBCEF) to provide funding for First Generation College Scholarships for Miami Beach residents through agreements with Florida International University Foundation, Inc. as part of the State of Florida 2:1 matching grant, with the total amount of funding from the City of Miami Beach not to exceed $28,000 for School Year 2022- 2023, and $3,500 each from the MBPAL and MBCEF and each subsequent year, subject to funding approval during the City's budgetary process. As of the 2023-2024 academic school year the State of Florida program no longer provide a 2:1 matching grant due to insufficient funding. As such, the FIU Foundation Inc. continues to match Miami Beach contributions with a 2:1 matching grant. LOBBYIST DISCLOSURE Was this Agenda Item initially requested by a lobbyist which, as defined in Code Sec. 2-481, includes a principal engaged in lobbying? No If so, specify name of lobbyist(s) and principal(s): N/A ANALYSIS Increased scholarship and program financial aid are critical to ensure that all deserving students receive the assistance needed to enroll, succeed, and graduate. Investing in FIU's First Generation Scholarship Program benefits not simply the students, but the greater Miami Beach community. FIU serves more than 58,000 students, 70% of whom are undergraduates. Approximately 90% of FIU undergraduate students are minorities, and nearly 25% self4dentify as first -generation college students. First generation students are more likely than their peers to corms om lower -earning households. Despite the significant need, a high percentage of FIU students receive only partial financialJUnd many students eligible for First Generation Scholarships hftps://miamibeach.novusagenda.com/AgendaWeb/CoviarSheet.aspx?ltemlD=34857 1/2 5/9124, 9:32 AM remain unfunded. Item Coversheet In 2020-2021, donor investment and state -matched funds supported 889 students, while 6,555 (88.1%) students did not receive funding. Receiving an award is elusive for many FIU students, as the demand for funds exceeds FIU's aid budget. The City of Miami Beach First Generation scholarship has historically contributed $28,000 from the City, MBPAL contributed $3,500, and the MBCEF contributed $3,500, for total investment in the MB First Generation Scholarship in the amount of $35,000 in school years 2022-2023 and 2023-2024. The FIU Foundation, Inc. matching funds provided an additional $70,000 which is a 2:1 match yielding a total amount of $105,000 for MB first -generation scholarships at FIU. The scholarship program saw a 22.8% increase in the number of Miami Beach residents receiving this need -based scholarship from the Drior vear: School Year # of Residents Scholarship Amount 2022-2023 44 $ 2,387 2023-2024 56 $ 1,875 Total Impact 1 101 1$210,000 Funding provided supports students who are degree -seeking undergraduate students with a permanent address in the city and with zip codes of 33139, 33140, and 33141 (only residents in the city) with a preference for First Time in College (FTIC) students. Should there be no eligible FTIC students, other Miami Beach students will be eligible, and funding will be awarded based on financial need as indicated by the FAFSA "unmet need" of the student. In an event where there will not be enough students eligible to award the funds that meet these criteria, funds will be rolled over to the following year or scholarship amounts per student can be increased. Scholarships may be renewable upon meeting certain criteria including recipients demonstrating financial need by completing the national Free Application for Federal Student Aid (FAFSA) and being eligible for a Pell Grant, recipients must also be the first generation in their family to attain a college bachelor's degree (students whose siblings have attained or are pursuing a degree are also eligible, recipients must be residents of the State of Florida, be enrolled in or accepted for admission to the FIU, and be a degree -seeking undergraduate student enrolled for a minimum of six credit hours per semester. The total contribution for Fiscal Year 2025 has been increased by 10% by all partners. The City of Miami Beach will contribute $30,800 annually (increase of $2,800), the Miami Beach Chamber Education Foundation will contribute $3,900 annually (increase of $350), the Police Athletic League will contribute $3,900 annually (increase of $350), and FIU will contribute $77,000. Total funding available to first generation FIU Miami Beach resident students through this scholarship will be $115,600. SUPPORTING SURVEY DATA 49% of residents are satisfied or very satisfied with public schools in Miami Beach. FINANCIAL INFORMATION FY 2025 - $2,800 Recurring Applicable Area Not Applicable Is this a "Residents Right to Does this item utilize G.O. Know" item, -pursuant to Bond Funds? qty Code Section 2-14? No No Strategic Connection Prosperity - Be known for (K-12) educational excellence. Legislative Tracking Education and Performance Initiatives ATTACHMENTS: Description o Attachment A: Resolution No. 2022-32286 486 https://miamibeach.novusagenda.com/AgendaWeb/CoverSheetaspx?ltemlD=34857 212 RESOLUTION NO. 2022-32286 A RESOLUTION OF THE MAYOR ANUt—ITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE AGREEMENTS WITH THE MIAMI BEACH POLICE ATHLETIC LEAGUE, INC. ("MBPAL") AND THE MIAMI BEACH CHAMBER EDUCATION FOUNDATION, INC. ("MBCEF") TO PROVIDE FUNDING TO FIRST GENERATION COLLEGE SCHOLARSHIPS FOR MIAMI BEACH RESIDENTS THROUGH AGREEMENTS WITH FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION, INC. AS PART OF THE STATE OF FLORIDA 2:1 MATCHING GRANT, WITH THE TOTAL AMOUNT OF FUNDING FROM THE CITY OF. MIAMI BEACH NOT TO EXCEED $28,000 FOR SCHOOL YEAR 2022-23, AND $3,500 EACH FROM THE MBPAL AND MBCEF AND EACH SUBSEQUENT YEAR, SUBJECT TO FUNDING APPROVAL DURING THE CITY'S BUDGETARY PROCESS; AND FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL DOCUMENTS OR AGREEMENTS IN CONNECTION WITH THE PROGRAM. WHEREAS, in January 2008, the City of Miami Beach, Florida ("City") entered into an Education Compact with Miami -Dade County Public Schools (M-DCPS) to enhance learning opportunities for youth; and WHEREAS, the Education Compact reflects the desire of the Miami Beach community to support excellence in the City's public schools; and WHEREAS, the Florida International University (FIU) First Generation Scholarship Program is supported by an innovative matching grant program established in 2006 by the Florida legislature; and WHEREAS, the program provides financial support to qualified undergraduate FIU students who are the first generation in their families to attain a college degree; and WHEREAS, this program is the only one of its kind in the state .of Florida to match private donations for first generation scholarships, providing financial assistance for students to attend a state university or state college; and WHEREAS, to date, FIU has awarded over 15,300 scholarships for critical financial " support for FIU students; and WHEREAS, the need, however, is far greater than the available resources — currently, less than one in seven eligible students receives a First Generation Scholarship; and WHEREAS, as a result, many talented and highly motivated students with limited resources are forced to attend only part-time or postpone their education altogether; and WHEREAS, the First Generation Scholarship Program is, therefore, a vital source of financial- support -for many of- FIU's- underserved-, -low-income-students that- bridges the gap --- between their financial aid funding and their unmet need to fund their cost of attendance at FIU; and 487 WHEREAS, increased scholarship and program financial aid' are critical to ensure that all deserving students receive the assistance needed to enroll, succeed, and graduate.; and WHEREAS, FIU serves more than 58,000 students, 70% of whom are undergraduates, approximately 90% of FIU undergraduate students are minorities, and nearly 25% self -identify as first generation college students; and WHEREAS, first generation students are more likely than their peers to come from lower-eaming households, and yet, despite the significant need, a high percentage of FIU students receive only partial financial aid, and many students eligible for First Generation Scholarships remain unfunded; and WHEREAS, in 2020-21, donor investment and state -matched funds supported 889 students, while 6,555 (88.1 %) students did not receive funding; and WHEREAS, investing in FIU's First Generation Scholarship Program will benefit not only the students, but the greater Miami Beach community; and WHEREAS, the City of Miami Beach will contribute $28,000 for First Generation Scholarships and partner with the Miami. Beach Police Athletic League, Inc. (°MBPAC) which will contribute $3,500, and the Miami Beach Chamber Education Foundation, Inc. (°MBCEF") which will also contribute $3,500, for total investment in the FIU First Generation Scholarship in the amount of $35,000; and WHEREAS, the Florida state matching funds will provide an additional $70,000 which is a 2:1 match yielding a total amount of $105,000 for FIU first -generation scholarships; and WHEREAS, approximately 30 students who are residents of the City would receive a $3,500 scholarship in the 2022-23 school year, and WHEREAS, funding will be prioritized to meet the needs of students who are degree - seeking undergrad students with a permanent address in the City and with zip codes of 33139, 33140, and 33141 (only residents in the City) with a preference for First Time in College (FTIC) students; and WHEREAS, should there be no eligible FTIC students, other Miami Beach students will be eligible, and funding will be awarded based on financial need as indicated by the FAFSA "unmet need" of the student; and , WHEREAS, in an event where there will not be enough students eligible to award the funds that meet these criteria, funds will be rolled over to the following year or scholarship amounts per student can be increased; and WHEREAS, scholarships may be renewable upon meeting certain criteria including recipients demonstrating financial need by completing the national Free Application for Federal Student Aid (FAFSA) and being eligible for a Pell Grant, recipients must also be the first -- -generation -in-their family to -attain -a-college--bachelor's--degree- (students -whose siblings have - attained or are pursuing a degree are also eligible, recipients must be residents of the State of Florida, be enrolled in or accepted for admission to the FIU, and be a degree -seeking undergraduate student enrolled for a minimum of six credit hours per semester. 48$ NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby approve ' and authorize the City Manager and City Clerk to execute agreements with the Miami Beach Police Athletic League, Inc. ("MBPAL") and the Miami Beach Chamber Education Foundation, Inc. ("MBCEF") to provide funding to First Generation College Scholarships for Miami Beach residents through agreements with Florida International University Foundation, Inc. as part of the State of Florida 2:1 matching grant, with the total amount of funding from the City of Miami Beach not to exceed $28,000 for School Year 2022- 23, and $3,500 each from the MBPAL and MBCEF and each subsequent year, subject to funding approval during the City's budgetary process; and further authorize the City Manager to execute any and all documents or agreements in connection with the program. PASSED AND ADOPTED this Ifs day of September, 2022. ATTEST: Rafael Granad , City Clerk SEP 2 1 2022 489 Dan Gelber, Mayor APPROVED AS TO FORM & LANGUAGE & FOR EXECUTION City Attorn" Dati Resolutions - C7 0 MIAMIBEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Alina T. Hudak, City Manager DATE: September 14, 2022 SUBJECT.A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE AGREEMENTS WITH THE MIAMI BEACH POLICE ATHLETIC LEAGUE, INC. CMBPAL") AND THE MIAMI BEACH CHAMBER EDUCATION FOUNDATION, INC. (" MBCEF°) TO PROVIDE FUNDING TO FIRST GENERATION COLLEGE SCHOLARSHIPS FOR MIAMI BEACH RESIDENTS THROUGH AGREEMENTS WITH FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION, INC. AS PART OF THE STATE OF FLORIDA 2:1 MATCHING GRANT, WITH THE TOTAL AMOUNT OF FUNDING FROM THE CITY OF MIAMI BEACH NOT TO EXCEED $28,000 FOR SCHOOL YEAR 2022-23, AND $3,500 EACH FROM THE MBPAL AND MBCEF AND EACH SUBSEQUENT YEAR, SUBJECT TO FUNDING APPROVAL DURING THE CITY'S BUDGETARY PROCESS; AND FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL DOCUMENTS OR AGREEMENTS IN CONNECTION WITH THE PROGRAM. RECOMMENQ UM Approve the resolution and partnerships to provide First Generation Scholarships to eligible Miami Beach residents. BACKGRO NDIHISTORY In .January 2008, the City of Miami Beach, Florida ("Citi') entered into an Education Compact with Miami -Dade County Public Schools (M-DCPS) to enhance learning opportunities for youth. The Education Compact reflects the desire of the Miami Beach community to support excellence in the City's public schools. The Florida International University (FIU) First Generation Scholarship Program is supported by an innovative matching grant program established in 2006 by the Florida Legislature. The program provides financial support to qualified undergraduate FIU students who are the first generation in their families td -attain a oollege-degrw.--This program is -the -only -one of its -kind -in the - - state of Florida to match private donations for first generation scholarships, providing financial assistance for students to attend a state university or Florida college. Page 40ef 1700 To date, FIU has awarded over 15,300 scholarships for critical financial support for FIU students. The need, however, is far greater than the available resources – currently, less than one in seven eligible students receives a First Generation Scholarship. As a result, many talented and highly motivated students with limited resources are forced to attend only parttime or postpone their education altogether. The First Generation Scholarship Program is, therefore, a vital source of financial support for many of FIU's underserved, low-income students that bridges the gap between their financial aid funding and their unmet need to fund their cost of attendance to FIU. ANALYSIS Increased scholarship and program financial aid are critical to ensure that all deserving students receive the assistance needed to enroll, succeed, and graduate. Investing in FIU's First Generation Scholarship Program benefits not simply the students, but the greater Miami Beach community. FIU serves more than 58,000 students, 70% of whom are undergraduates. Appro)amately 90% of FIU undergraduate students are minorities, and nearly 25% self -identify as first generation college students. First generation students are more likely than their peers to come from lower-eaming households. Despite the significant need, a high percentage of FIU students receive only partial financial aid, and many students eligible for First Generation Scholarships remain unfunded. In 2020-21, donor investment and state -matched funds supported 889 students, while 6,555 (88.1%) students did not receive funding. Receiving an award is elusive for many FIU students, as the demand for funds exceeds FIU's aid, budget. The City of Miami Beach will partner with the Miami Beach Police Athletic League, Inc. CMBPAL") and the Miami Beach Chamber Education Foundation, Inc_ ("MBCEF"). The City of Miami Beach will contribute $28,000 for First Generation Scholarships and partner with the Miami Beach Police Athletic League, Inc. (°MBPAL") which will contribute $3,500 and the Miami Beach Chamber Education Foundation, Inc. ("MBCEF") which will contribute $3,500 for total investment in the FIU First Generation Scholarship of $35,000 and the Florida state matching funds will provide an additional $70,000 which is a 2:1 match yielding a total amount of $105,000 for FIU first -generation scholarships. Approximately 30 students who are residents of the City of Miami Beach would receive a $3,500 scholarship in the 2022-23 school year. Funding will be prioritized to meet the needs of students who are degree -seeking undergrad students with a permanent address in the city of Miami Beach and with zip codes of 33139, 33140, and 33141 (only residents in the city of Miami Beach) with a preference for First Time in College (FTIC) students. Should there be no eligible FTIC students, other students will be eligible. Funding will be awarded based on financial need as indicated by the FAFSA aunmet need" of the student If there are not enough students eligible to award the funds that meet this criteria, funds will be rolled over to the following year or scholarship per students can be increased; and Scholarships may be renewable upon meeting criteria including recipients demonstrate financial need by completing the national Free Application for Federal Student Aid (FAFSA) and be eligible for a -Pell -Grant; -recipiertts-must be --the first generation -in -their -family -to attain a college — bachelor's degree (students whose siblings have attained or are pursuing a degree are also eligible, recipients must be residents of the State of Florida, be enrolled in or accepted for admission to the University, and be a degree- seeking undergraduate students enrolled for a minimum of six credit hours per semester. Page Iffilf 1700 SUPPORTING SURVEY DATA 49.1 % of residents are satisfied or very satisfied with public schools in Miami Beach ; ► _ ;1G7 :I IT, T:� G72 $28,000 FY 23 Applicable Area NotApplicable Is this a "ResidentsRW Does this item utilize G.O. to Know" item, pursuant to Bond Funds? Cft Code S 2--14?. No No Strategic Connection Prosperity - Be known for (K-12) educational excellence. Legislative Tracking Organizational Development Performance Initiatives ATTACHMENTS: Description o Resolution H Page0j2d1700