TO: Margate CRA Chair and Members of the Board
FROM: Cale Curtis, CRA Executive Director
DATE: September 9, 2021
Title
APPROVING THE SECOND AMENDMENT TO THE INTERLOCAL AGREEMENT BETWEEN THE CITY OF MARGATE AND THE MARGATE COMMUNITY REDEVELOPMENT AGENCY FOR FUNDING CONTRIBUTION, SERVICES, AND COMPENSATION FOR FY 2021-2022
BACKGROUND: The MCRA and the City of Margate entered into an Interlocal Agreement (ILA) in August, 2016 that outlined the relationship between the two entities and provided for funding for City employees that performed work on behalf of the MCRA and other support services provided by the City on behalf of the MCRA. The original agreement provided for the compensation to be paid by the MCRA to the City for services provided by the City to the MCRA on an annual basis.
Per Section 4.1 of the original agreement, this second amendment provides for the amount of funding to be paid by the MCRA to the City for the 2021-2022 fiscal year and is compliant with Florida Statutes, Chapter 163, Part III, Section 163.387(6).
RECOMMENDATION: Approval of the resolution amending the ILA to provide that the MCRA shall compensate the City in an amount not to exceed $1,346,018 for the 2021-2022 fiscal year.
FISCAL IMPACT: $1,346,018 from the MCRA’s budget line “City Offsets” #140-0510-512.30-57.
CONTACT PERSON: Cale Curtis, CRA Executive Director