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R01-232RESOLUTION NO. A-RESO'LUTION OF THE.CITY COMMISSION OF THE CITY' :OF. BOyBITON..:!BEAC'H,.,FLORIDA,~ APPROVIN~ AN AM'ENDM'E~-~O THE'.GUiD:ELINF-S.~D]~S~'. ~..0N 'OF COM~UI~ .IN-V.E~i~IL=NT 'FEIND$,' AND...PRO~DING. AN: EFFECTIVE DA'I'~. · ,.":.W...H:ER.E~; .tbe~e was included in the-ab/ of .BOyntoI- Beach 'Budget. for :isca[.-- Year :i2~t)i01:'.:the 'sum .of. $i.25;'°00. i.n.. c°mmUni~"i: i'nv'~Stm"enf~" :Funds;' 'f(~r distribU-,'tion:.'by~ t,h~ :City. Commission in su PP°rt .of.comm'Lmity projects'j and.:'aaivities; ' Ind ' WHERe,: the City. Commission. approved .and adopted.. Guidelines for listdbution' of. these Community Investment Funds;. and. WHERE~j the :City'Commission of.the City of BoyntOn Eeach nowdesires to' amendil.the G~id~lin'es for Distribution of Communib/-Investmer~ts Funds-.to include. centribUti°ns :.th ~6ityadministered, and oPe'~ted Scholamhip Pro;ram..S ~s an eligible project; and ' NOW., ',THEREFORE'; BE tT RESOLVED BY I~HE CIT~ .COMMISSION OF rile C!T¥iOF BOYNTON BEACH, FLORIDA, THATt Se~ti'on-1. The foregoing "WHEREAS" clauses are t[u~ and correct and. hereby~ra~ified and confirmed by the City Commission -section 2. That the City commission of the City of B~oynton Beach .does ~reby:.appmve the. Amended Guidelines .for. Distribution of Coin'munity Investment Funds;: to. include contributions to scholarship programs as an eligible .project,. said tme~ded Guidelines being attached.hereto as Exhibit Section 3. That this Resolution shall become effective immediately upon )assage. -.PASSED AND ADOPTED this '7 day. of August, ~.00~,, ',.Amended Guidelines fOr'DistribUtion: of Community InvestJ nent Funds .0' In:troduqti°n: InclUded in 'the City of. Boynt°n.Beach Bud~ .2000_~0'!,..pr0~ year :.iS $.1;25;000 in :Co~un~tY.InV. estment ~ds. ai'~:a, vailabl.e m each:of,the, five members ~)f.the.City C, . ~ ,~Mt ~(~£. ~.:~5 i.'00. '0:' t0 'SuPPort Co-.mmmty~ pr,.oj~ts" :ann's. ac rm6 t will' .s~gest' basic .~delines fOr.:...~e '.d}sffibUfion and: public funds-for communitypi0jects or acti ties. ProgramEIigibitity Period: October I; 2000'to September 3( '0.' :Amount available -to each member of the City Commissi, bro!~eii.into two eli~bility.periods: ..a. -October 1, .2000--to February 28,-2001 - maximum 'March 1, 2000..'to.. September 30, 200i -.maximin · plus any carry-over from prior six month period. · The purpose of the two eligibility periods .is to as~ 6pporttm..~ties to. 'outgoing-and incorn~g .members ' Commission based on: the :March 2001 election. .Eligible .projects may consist.' of assistance to. local .organizations' for. physical improvements to public propex rights Of way such as parks, medians- or other Ci'ty;owned p: · assistance 'may .be in outright grants 'tO support improveme property :or on a cost-sharing basis with..local Organizat funding, the. :prOposed. improvements- must receive necess staff review for. compatibility with design .plans 'or 'capital plans and. must be. approved by. the City CommisSion by. n Consent Agenda. Eligible projeets..shall als° include con Scholarship. programs, which are'-CiW, administered and:.'~o: open only-to students who reside Within the Ci _tyi'lirnits. oi Boynton Beach. :et for Fiscal :l~ands~' The )mmission '~n Lvities, This use of these .200i n: $25,000 )f$t2,500 a_of $!2;500 ~ure funding )f .the City. community ty or public · operty. The' ars to public ions. Before ary permits, construction' otioh on the ~ibutions to )era...~ted, and' the .' City. of Ineligible Projects inclUde direct financial supp°rt or gifts tc businesses, or ..associations includ/ng funding of..any actiVities, With the exception 0f. contributions to schol.amhip. individuals, operational p~Ogrsrn,q aS outlined, above. Funds may not. be used-tO support or otherwise :'- subsidiz6 the operational expenses of City Departments. ..~:... 1'1'~10/00i I'1/2t700; l"l./23/O0~.R.e~,07/24/O,1