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Home My Public Portal About13-8566 Investigate Way and Means of Partnering with Lending Institutions Sponsored by: Vice Mayor Kelley RESOLUTION NO. 13-8566 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF OPA-LOCKA, AUTHORIZING THE CITY MANAGER TO INVESTIGATE WAYS AND MEANS OF PARTNERNING WITH LENDING INSTITUTIONS TO CREATE INVESTMENT OPPORTUNITIES WITHIN THE CITY LIMITS AS PER THE COMMUNITY REINVESTMENT ACT; PROVIDING FOR INCORPORATION OF RECITALS; PROVIDING FOR AN EFFECTIVE DATE WHEREAS, the Community Reinvestment Act was designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods WHEREAS, the City desires to make a concerted effort to take advantage of the Community Reinvestment Act and investigate resources that may be available to the Community of Opa-locka through the lending institutions; and WHEREAS, the City Commission of the City of Opa-locka desires the City Manager to partner with lending institutions to explore avenues and resources available, to create investment opportunities in the community. NOW, THEREFORE, BE IT DULY RESOLVED BY THE CITY COMMISSION OF THE CITY OF OPA-LOCKA, FLORIDA: Session 1. The recitals to the preamble herein are incorporated by reference. Session 2. The City Commission of the City of Opa-locka, authorizes and directs the City Manager to investigate ways and means of partnering with lending institutions to create investment opportunities within the City limits of Opa-locka. Resolution No. 13-8566 Session 3. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 13th day of March, 2013. ►' LO RA T R MAYOR Attest to: t Ct.0 Jo,s a Flores Ci Clerk Approved as to form and legal sufficiency: I , F Jo 'p S. 1 feller G'/ ENS"OON MARDER PA cy Attorney Moved by: VICE MAYOR KELLEY Seconded by: COMMISSIONER HOLMES Commission Vote: 4-0 Commissioner Holmes: YES Commissioner Johnson: OUT OF ROOM Commissioner Santiago: YES Vice-Mayor Kelley: YES Mayor Taylor: YES