Title
RESOLUTION 25R-02-30: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL AUTHORIZING THE ESTABLISHMENT OF THE CITY OF LAUDERHILL COMMUNITY IMPACT FUND AT THE COMMUNITY FOUNDATION OF BROWARD FOR FISCAL YEAR 2024/2025; AUTHORIZING THE INTERIM CITY MANAGER AND APPROPRIATE OFFICIALS TO SET UP A BUDGET AND A POLICY TO EFFECTUATE THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY INTERIM CITY MANAGER KENNIE HOBBS, JR.).
Body
Request Action:
A resolution to establish a Community Impact Fund with the Community Foundation of Broward
Need Summary Explanation/ Background:
The need for a dedicated fund to support community impact initiatives has become increasingly important. The City of Lauderhill has always been committed to enhancing the quality of life for its residents through various projects and programs. By partnering with the Community Foundation of Broward, we can ensure a sustainable and strategic approach to funding these vital initiatives. The proposed Community Impact Fund will be a designated fund, specifically tailored to meet the needs of our community. This fund will be managed in partnership with the Community Foundation of Broward, ensuring transparency, accountability, and effective resource allocation.
Cost Summary/ Fiscal Impact:
$50,000 over a two-year period
Attachments:
Two (2)
Budget Code Number(s): __________________________________
Procurement Information: [check all that apply]
[ ] RFP/Bid [ ] Emergency Purchase [ ] SBE
[ ] Proposal/Quote [ ] State Grant Funds [ ] Local Preference
[ ] Piggyback Contract [ ] Federal Grant Funds
[ ] Sole Source [ ] Matching Required