HomeMy WebLinkAboutR-98-0404R-98-0404
No Resolution on file
with the Clerk's Office.
See attached
supporting documents
and minutes for said
resolution.
TO
FROM
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
Honorable Mayor and April 8, 1998
Members of the City DATE FILE
Commission SUBJECT: Resolution Re -Allocating
$2,135,858 to Identified
Projects
Jose Garcia -Pedrosa REFERENCES:
City Manager City Commission Meeting of
ENCLOSURES: April 14, 1998
RECONEWENDATION:
It is respectfully recommended that the City Commission adopt the attached resolution, authorizing
the City Manager to reallocate a total of $1,435,858 in available Community Development Block
Grant (CDBG) Program funds from certain CDBG-funded projects and program income and to
authorize the expenditure of $411,611 in Impact Fees and $288,389 in prior years' CDBG
contingency funds as specified below and in the proposed resolution. It is recommended that the
aforementioned amount be reallocated to fund CDBG eligible activities that are currently unfunded
projects identified below and in the proposed resolution.
BACKGROUND:
The Department of Community Development has identified a total of $2,135,858 to be allocated to
fund specific projects identified below. The sources of this redistribution amount are as follows:
Reprogramming of CDBG Funds $1,435,858
CDBG Impact Fee Match 288,389
Impact Fees 411,611
Total $2,135,858
CDBG Funds in the amount of $1,435,858 have been identified to be reallocated from prior years'
grant allocations to the Miami Capital Loan Program that have not been used and from the Multi-
family Rehabilitation Loan Program Income:
1. Miami Capital Loan Program ($800,858) - Funding in the amount of $800,858 is available from
this account which has not been used for the past three (3) years.
2. Multi -Family Housing Rehabilitation Program Income ($635,000) - A total of $635,000 is
available from the balance of CDBG Program Income allocated to the City's Multi -family
Housing Rehabilitation Loan Program.
98- 404
The Honorable Chairman and
Members of the City Commission
April 8, 1998
Page 2
3. Contingency Account ($288,389) - Funding in the amount of $288,389 from the CDBG
Contingency Account from a prior year allocation will be used to fund the match to Impact Fees
in Downtown Parks.
4. Impact Fees ($411,611) - Finally, $411,611 has been identified from Impact Fees in Downtown
Parks.
The Administration's recommendation includes the reallocation of the aforementioned $2,135,858
to the following projects:
1.
Bayfront Park Improvements
$ 700,000
2.
Workforce Development Facility
230,000
3.
Citadel(FY98)
340,429
4.
Citadel(FY99)
90,429
5.
Allapattah Produce Marketplace Study
15,000
6.
Community Enhancement Project - Wynwood Target Area
110,000
7.
City-wide Residential Paint Program (NET)
50,000
8.
City-wide Lot Clearance Program
100,000
9.
Micro Loan Pilot Business Program
50%000
Total $2,135,858
It should be noted that the Administration's recommendation for the reprogramming of the
aforementioned funds will be implemented in accordance with federal regulations. A Public
Hearing will be conducted regarding the reprogramming, required advertisements will be published
in the local media and the 30-day public review and comment period requirements will be satisfied.
The Administration respectfully recommends the adoption of the attached resolution which
reprograms $1,435,858 from certain CDBG prior years' grant allocations, $288,389 from the CDBG
Contingency Account, and $411,611 from Impact Fees in Downtown Parks to fund the projects
identified in this memorandum.
JGP/CMC/GW/JC/DF:df
C #-
<shared-misc>reallocationB
98- 404
Proposed Funding and Use of Funds
Community Development Block Grant (CDBG):
Funds / Projects
Available
Recommended
Source of
Resources
Amounts
Funds
SOURCES OF FUNDS:
Community Development Block Grant (CDBG):
Loan Funds - Miami Capital (19,21 & 22nd Year)
$ 800,858
CDBG
Multi -Family Rehab (Program Income)
$ 635,000
CDBG
TOTAL AVAILABLE RESOURCES:
$ 1,435,858
USES OF FUNDS:
Unfunded Projects:
Workforce Development Facility
$ 230,000
CDBG
Citadel FY 98
$ 340,429
CDBG
Citadel FY 99
$ 90,429
CDBG
Allapattah Produce Marketplace Study
$ 15,000
CDBG
Community Enhancement Project-Wynwood Target Area
$ 110,000
CDBG
City-wide Residential Paint Program (NET)
$ 50,000
CDBG
City-wide Lot Clearance (NET)
$ 100,000
CDBG
Pilot Micro -Loan Business Program
$ 500,000
CDBG
TOTAL UNFUNDED PROJECTS:
$ 1,436,858
AVAILABLE BALANCE
$ -
Impact Fee/CDBG:
Funds Projects
Available
Recomme—n-EleT
Source o
esources
Amounts
Funds
SOURCES OF FUNDS:
ImpactFee/CDBG:
Impact Fee Downtown Parks
$ 411,611
Impact Fee
CDBG-Contingency for Impact fee match for Dtwn Parks
$ 288,389
CDBG
Total
$ 700,000
USES OF FUNDS:
Unfunded Projects:
Bayfront Park Improvements
$ 700,000
Impact Fee / CDBG
Total
$ 700,000
AVAILABLE BALANCE
$ _
98- 404