Community Budget Issue Requests - Tracking Id #176FY0102

BAC Funding Corporation

Requester:

Ronald Frazier

Organization:

BAC Funding Corporation

Project Title:

BAC Funding Corporation

Date Submitted:

1/14/2002 10:27:04 AM

Sponsors:

Kendrick Meek

Statewide Interest:

It will bring economic development to Florida.

Recipient:

BAC Funding Corporation

Contact:

Ronald Frazier

6600 N.W. 27th Avenue

Contact Phone:

(305) 693-3550

Miami 33147

Counties:

Dade

Gov't Entity:

Private Organization (Profit/Not for Profit):

Yes

Project Description:

Development of additional commercial warehouse space to give rise to more market rate rentals.

Measurable Outcome Anticipated:

34 Jobs

Amount requested from the State for this project this year:

$500,000

Total cost of the project:

$750,000

Request has been made to fund:

Construction

What type of match exists for this project?

Local, Private

Cash Amount:

$650,000

In-Kind Amount:

$100,000

Was this project previously funded by the State?

No

Is future-year funding likely to be requested?

Yes

Amount:

$500,000

Purpose for future year funding:

Recurring Operations

Will this be an annual request?

Yes

Was this project included in an Agency's Budget Request?

No

Was this project included in the Governor's Recommended Budget?

No

Is there a documented need for this project?

No

Was this project request heard before a publicly noticed meeting of a body of elected officials (municipal, county, or state)?

Yes

Hearing Body:

The Miami-Dade Legislative Delegation

Meeting Date:

11/19/2001