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Tamarac approves $50,000 seed for city 'Community Impact Fund' with Community Foundation of Broward
Summary
The City Commission approved a resolution establishing a Tamarac Community Impact Fund at the Community Foundation of Broward with a $50,000 initial contribution and a 5% annual distribution model; the motion passed 5-0 as amended and is subject to budget timing.
The City Commission of Tamarac on May 28 approved a resolution creating a Tamarac Community Impact Fund at the Community Foundation of Broward and agreed to seed it with $50,000, subject to budget timing. The vote was 5-0 after commissioners accepted a friendly amendment to provide the full $50,000 rather than split payments over two years.
Commissioner Crystal Patterson, who sponsored the item, said the fund could pay for community projects such as a proposed “love” mural tied to an anti-hate/anti-bullying initiative and provide a permanent vehicle for donations and memorials. Jonathan Allen and Sherry Brown Grozner of the Community Foundation of Broward presented the foundation’s structure, saying the foundation manages roughly $300 million in assets and uses a long-term…
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