2025 Agendas & Minutes

The Purpose and Duties of the Invest Fort Lauderdale, Inc. Board of Directors:

This Corporation is a non-profit corporation, organized for charitable, scientific and/or educational purposes as defined in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), and for the purpose of engaging in any lawful act or activity not for pecuniary profit for which not-for-profit corporations may be organized, so far as or may be permitted by the laws of the State of Florida and Section 501 (c)(3) of the Code, or any corresponding section of any future federal tax code. The mission of the Corporation is to reduce poverty, create jobs, provide for a sustainable living wage, support the development of affordable housing, support small business development, provide for economic development and engage or undertake other activities which fosters a sustainable and viable community.

The activities of the Corporation are limited to the geographical area defined in Resolution 95-86 adopted on June 20, 1995 (attached hereto as Exhibit 1) by the City Commission of the City of Fort Lauderdale (the “Community”). This Community of concern was created based on findings by the City Commission that the Community “has a substantial number of slum, deteriorated or deteriorating structures and conditions which endanger the life or property by fire or other causes or one or more specified factors which substantially impairs or arrests the sound growth of a municipality and is a menace to the public health, safety, morals or welfare in its present condition and use”. These conditions are conducive for disease, infant mortality, juvenile delinquency, poverty and crime.

In furtherance of the foregoing purposes, the Corporation shall have all the general powers enumerated in Chapter 617, Florida Statutes and such other powers as are now or hereafter permitted by law for a corporation organized for the foregoing purposes, including, without limitation, the following:

(I) To acquire by purchase, lease, gift or bequest, devise or otherwise, real or personal property on any interest therein and to construct, rehabilitate, improve, sell, lease and maintain such property for the purposes herein, which shall include use of the property for its principal place of business.

(II) To secure grants, loans, equity investments and other financial assistance to support the purposes and mission of the Corporation.

(III)To disseminate information and furnish advice and technical assistance and liaison with federal, state and local authorities.

(IV)To borrow money and to issue negotiable instruments and other obligations.

(V) To sell, lease, mortgage or otherwise dispose of or encumber any assets or any of its real or personal property or any interest therein upon such terms as it may determine.

(VI)To enter into covenants and agreements and to comply with all terms, conditions and provisions thereof, and otherwise to carry out its corporate purposes.

(VII) To do any other act or thing incidental to or connected with the foregoing purposes or in advancement thereof.

(VIII) To act consistent with carrying out its corporate purposes and its status as a Section 501 (c) 3 charitable entity.

If you are interested in becoming a Invest Fort Lauderdale, Inc Board of Directors member and to view the board's legislation, please go to the Board Details Page.