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)

May 8, 2018

economic development grants bonds county government

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The Frame

What this does

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 is mentioned in the record

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

Oak Plaza Associates (Del.) LLC

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

Miami-Dade County taxpayers

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

What changed

Last recorded activity May 8, 2018.

What's next

Next step not available in the current record.

Summary

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.

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

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.

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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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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.

Discoveries

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

cross reference90% confidence

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