7. A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE RIVIERA BEACH COMMUNITY REDEVELOPMENT AGENCY (THE AGENCY) AUTHORIZING THE PLEDGE OF UP TO TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($2,500,000)("PLEDGE") TO CREATE THE RIVIERA BEACH SMALL BUSINESS LOAN FUND; AUTHORIZING THE FUNDING OF THE YEAR 1 CAPITAL COMMITMENT IN THE AMOUNT OF FOUR HUNDRED THOUSAND DOLLARS ($400,000) OF THE PLEDGE, ONE HUNDRED THOUSAND DOLLARS ($100,000) TO CAPITALIZE THE BUSINESS LOAN FUNDS LOSS RESERVE, AND SEVENTY FIVE THOUSAND DOLLARS ($75,000) TO PROVIDE BUSINESS COUNSELING ASSISTANCE TO CRA SMALL BUSINESS; DIRECTING AND AUTHORIZING THE CHAIRMAN AND EXECUTIVE DIRECTOR TO TAKE SUCH ACTIONS AS SHALL BE NECESSARY AND CONSISTENT TO CARRY OUT THE INTENT AND DESIRE OF THE AGENCY; PROVIDING AN EFFECTIVE DATE.
8. A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE RIVIERA BEACH COMMUNITY REDEVELOPMENT AGENCY (THE AGENCY) AUTHORIZING THE EXECUTION OF AN AMENDED AND RESTATED AGREEMENT BETWEEN THE AGENCY AND RIVIERA BEACH COMMUNITY DEVELOPMENT CORPORATION ("RBCDC") FOR THE AGENCY TO PROVIDE MANAGEMENT AND FINANCIAL SERVICES TO THE RBCDC; DIRECTING AND AUTHORIZING THE CHAIRMAN AND EXECUTIVE DIRECTOR TO TAKE SUCH ACTIONS AS SHALL BE NECESSARY AND CONSISTENT TO CARRY OUT THE INTENT AND DESIRE OF THE AGENCY; PROVIDING AN EFFECTIVE DATE.
7. A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE RIVIERA BEACH COMMUNITY REDEVELOPMENT AGENCY (THE AGENCY) AUTHORIZING THE PLEDGE OF UP TO TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($2,500,000)("PLEDGE") TO CREATE THE RIVIERA BEACH SMALL BUSINESS LOAN FUND; AUTHORIZING THE FUNDING OF THE YEAR 1 CAPITAL COMMITMENT IN THE AMOUNT OF FOUR HUNDRED THOUSAND DOLLARS ($400,000) OF THE PLEDGE, ONE HUNDRED THOUSAND DOLLARS ($100,000) TO CAPITALIZE THE BUSINESS LOAN FUNDS LOSS RESERVE, AND SEVENTY FIVE THOUSAND DOLLARS ($75,000) TO PROVIDE BUSINESS COUNSELING ASSISTANCE TO CRA SMALL BUSINESS; DIRECTING AND AUTHORIZING THE CHAIRMAN AND EXECUTIVE DIRECTOR TO TAKE SUCH ACTIONS AS SHALL BE NECESSARY AND CONSISTENT TO CARRY OUT THE INTENT AND DESIRE OF THE AGENCY; PROVIDING AN EFFECTIVE DATE.
8. A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE RIVIERA BEACH COMMUNITY REDEVELOPMENT AGENCY (THE AGENCY) AUTHORIZING THE EXECUTION OF AN AMENDED AND RESTATED AGREEMENT BETWEEN THE AGENCY AND RIVIERA BEACH COMMUNITY DEVELOPMENT CORPORATION ("RBCDC") FOR THE AGENCY TO PROVIDE MANAGEMENT AND FINANCIAL SERVICES TO THE RBCDC; DIRECTING AND AUTHORIZING THE CHAIRMAN AND EXECUTIVE DIRECTOR TO TAKE SUCH ACTIONS AS SHALL BE NECESSARY AND CONSISTENT TO CARRY OUT THE INTENT AND DESIRE OF THE AGENCY; PROVIDING AN EFFECTIVE DATE.