File #: 24R-5836    Version: 1 Name: Kiva Hub Program MOU
Type: Resolution Status: Passed
File created: 9/4/2024 In control: City Commission Meeting
On agenda: 9/12/2024 Final action: 9/12/2024
Title: RESOLUTION NO. 24R-09-202: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL APPROVING THE IMPLEMENTATION OF THE KIVA U.S. HUB PROGRAM; APPROVING THE MEMORANDUM OF UNDERSTANDING (“MOU”) BETWEEN THE CITY OF LAUDERHILL AND URBAN LEAGUE OF BROWARD COUNTY OUTLINING THE RESPONSIBILITIES OF EACH PARTY REGARDING THE KIVA U.S. HUB PROGRAM; ESTABLISHING THE URBAN LEAGUE AS CAPITAL ACCESS MANAGER (CAM) ON BEHALF OF THE CITY; PROVIDING FOR PAYMENT OF THE TWO YEAR KIVA LICENSING FEE IN AN AMOUNT NOT TO EXCEED $31,000.00 FROM THE APPROPRIATE BUDGET CODE NUMBER(S); PROVIDING TERMS AND CONDITIONS; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY COMMISSIONER MELISSA P. DUNN).
Attachments: 1. RES-24R-09-202-MOU-Urban League Kiva Hub 2024.pdf, 2. AR 24R-09-202, 3. Kiva Hub_Urban League CAM-MOU-Final APR-10-1-24

Title

RESOLUTION NO. 24R-09-202: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL APPROVING THE IMPLEMENTATION OF THE KIVA U.S. HUB PROGRAM; APPROVING THE MEMORANDUM OF UNDERSTANDING (“MOU”) BETWEEN THE CITY OF LAUDERHILL AND URBAN LEAGUE OF BROWARD COUNTY OUTLINING THE RESPONSIBILITIES OF EACH PARTY REGARDING THE KIVA U.S. HUB PROGRAM; ESTABLISHING THE URBAN LEAGUE AS CAPITAL ACCESS MANAGER (CAM) ON BEHALF OF THE CITY; PROVIDING FOR PAYMENT OF THE TWO YEAR KIVA LICENSING FEE IN AN AMOUNT NOT TO EXCEED $31,000.00 FROM  THE APPROPRIATE BUDGET CODE NUMBER(S); PROVIDING TERMS AND CONDITIONS; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY COMMISSIONER MELISSA P. DUNN).

 

 

Body

Request Action:

Approval of the MOU for implementation of the Kiva Hub program.

 

 

Need Summary Explanation/ Background:

For the implementation of the Kiva Hub program and establishing the Urban League of Broward County as the Capital Access Manager to provide access to capital for Lauderhill entrepreneurs.

 

 

Cost Summary/ Fiscal Impact:

Payment of the two year Kiva Licensing fee in an amount no to exceed $31,000.00.

 

 

Attachments:

MOU