File #: ID 2018-480    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 9/5/2018 In control: Community Redevelopment Agency
On agenda: 9/12/2018 Final action:
Title: RESOLUTION APPROVING A MEMORANDUM OF UNDERSTANDING BETWEEN THE MARGATE COMMUNITY REDEVELOPMENT AGENCY AND THE CITY OF MARGATE FOR CONTRIBUTION, SERVICES
Attachments: 1. RESOLUTION, 2. AGREEMENT, 3. BACKGROUND: CITY INTERLOCAL AGREEMENT, 4. BACKGROUND: MCRA INTERLOCAL AGREEMENT
Date Ver.Action ByActionResultAction DetailsMeeting DetailsAudio/Video
No records to display.

 

TO:                     Chair and Members of the Board

 

FROM:                     Samuel A. May, Executive Director

 

DATE:                     September 12, 2018

 

 

Title

RESOLUTION APPROVING A MEMORANDUM OF UNDERSTANDING BETWEEN THE MARGATE COMMUNITY REDEVELOPMENT AGENCY AND THE CITY OF MARGATE FOR CONTRIBUTION, SERVICES

 

Body

 

 

BACKGROUND:                     Pursuant to section 4 of the Interlocal Agreement between the City of Margate and the Margate Community Redevelopment Agency (MCRA) for Contribution, Services and Compensation (City Resolution 12-370; CRA Resolution 499), each year a Memorandum of Understanding shall be executed by both parties confirming the agreed annual compensation rate for the proposed budget.

 

 

RECOMMENDATION: Approve the Memorandum of Understanding for fiscal year 2018-2019 budget.                     

 

 

FISCAL IMPACT: The MCRA shall compensate the City $1,237,626.00 for fiscal year                     2018-2019, as provided for in the approved budgets of the City and the MCRA.

 

 

CONTACT PERSON: Samuel A. May, Executive Director