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HomeMy WebLinkAboutR-98-0465J-98-433 5/l/98 RESOLUTION NO. 9 8 - 5 A RESOLUTION AUTHORIZING THE CITY MANAGER TO REALLOCATE $1,435,858 FROM AVAILABLE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS FROM CERTAIN CDBG- FUNDED PROJECTS AND PROGRAM INCOME FOR THE PURPOSE OF FUNDING CDBG ELIGIBLE ACTIVITIES AS SPECIFIED IN SECTION 3 OF THIS RESOLUTION; ALSO, ALLOCATING $411,611 FROM THE IMPACT FEE TO DOWNTOWN PARKS AND $288,389 FROM THE CDBG CONTINGENCY FUND ALLOCATION AS THE IMPACT FEE MATCH TO DOWNTOWN PARKS TO THE BAYFRONT PARK IMPROVEMENTS PROJECT; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE THE APPROPRIATE LEGAL AGREEMENTS AND DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, IN CONNECTION WITH THE DISBURSEMENT OF SAID FUNDING. WHEREAS, the Department of Community Development has identified $1,435,858 in available Community Development Block Grant Program funds from various CDBG projects and program income accounts which can be re -allocated to provide funding for CDBG eligible activities that are currently unfunded projects and are identified in this Resolution; and WHEREAS, the Department of Community Development has identified $411,611 of Impact Fees to Downtown Parks and $288,389 from the CDBG Contingency allocation as the Impact Fee Match to Downtown Parks which can be re -allocated to provide funding for projects identified in this Resolution; and ens► c©MMlssidA - MEETINC OF MAY 1 2 1998 Revolution No. 98 - 465 WHEREAS, the City Administration recommends the re -allocation of the aforementioned funds for the purpose of providing funding in the amount of $2,135,858 to projects identified in this Resolution; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. Unexpended Community Development Block Grant (CDBG) program funding from the following CDBG-funded projects and program income accounts in the amount of $1,435,858, is hereby re -allocated to the projects listed in Section 3 of this Resolution: Project Name Amount 1. Miami Capital Loan Program $ 800,858 2. Multi -Family Housing Rehabilitation Program Income 635,000 Total $1,435,858 Section 3. Unexpended Community Development Block Grant (CDBG) program funding from the CDBG-funded projects and program income accounts in the amount of $1,435,858 from the projects listed in Section 2, is hereby re -allocated to the following projects: Project Name 1. Workforce Development Facility 2. Citadel (FY98) 3. Citadel (FY99 4. Allapattah Produce Marketplace Study 5. Community Enhancement Project - Wynwood Target Area 6. City-wide Residential Paint Program 7. City-wide Lot Clearance Program 8. Micro Business Loan Business Program Total - 2 - Amount $ 230,000 340,429 90,429 15,000 110,000 50,000 100,000 500.000 $1,435,858 98- 465 Section 4. Impact Fees to Downtown Parks in the amount of $411,611 and the CDBG Contingency Fund allocation to be used as the Impact Fee Match to Downtown Parks in the amount of $288,389 are hereby reallocated to the Bay Front Park Improvements Project. Section 5. The City Manager is hereby authorized' to execute the appropriate legal agreements and documents, in a form acceptable to the City Attorney, between the City of Miami and projects identified in this Resolution. Section 6. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 12th day of May , 1998. Joe Carollo, MAYOR ATTEST: WALTER J. FOEMAN, CITY CLERK DEVELOPMENT DEPARTMENT APPROVAL: GWENDC f YN C. WARREN, DIRECTOR DEPARTMENT OF COMMUNITY DEVELOPMENT REVIEWED AS TO ACCOUNTING AND TREASURY REQUIREMENTS: azLp &Xo� +� R LOURDES REYES, COMPTROLLER DEPARTMENT OF FINANCE ' The hearing authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including, but not limited to, those prescribed by applicable City Charter and Code provisions. 3 98 - 465 OFFICE OF BUDGET AND MANAGEMENT ANALYSIS REVIEW DIPAK PAREKH, D CTOR OFFTC F. OF RT TDGFT AND MANAGF.MF.NT ANALYSIS PREPARED AND REVIEWED BY: 04� LINDA K. KEARSON ASSISTANT CITY ATTORNEY W2472:CSK:LKK In accordance with Miami Code Sec. 2-36, since the Mayor did not indicate aparov^I of 'I legislation by signing it in the designated place provided, said log;;lat ) e bes effective with the elapse of ten (10) days from the date of Commission action 9 same, without the Mayor exercisinga voto. Walter d Foe n, City Clerk 98- 465 TO FROM CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM The Honorable Chairman and Members of the City Commission Jose Garcia -Pedrosa City Manager RECOMMENDATION: DATE : April 8, 1998 FILE : SUBJECT: Resolution Re -Allocating $2,135,858 to Identified Projects REFERENCES: City Commission Meeting of ENCLOSURES: May 12, 1998 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- 465 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 500,000 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. 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 <shared-misc>reallocationB 98- 465 Regular Agenda In 1995 The Department of Commerce of the USA gave Miami Capital the Audrey Nelson Award for being the financial institution that best further economic development in the USA. That brought about a mention in the USA Congress in April 95. Additionally the moneys that The City wants to divert from MCDI to other areas, have already been committed by MCDI, for loans in the different target areas of the city, such as, Overtown, Little Havana, Allapattah, Model City, Wynwood, etc.. If MCDI unfulfilled the commitments made, it will do away with credibility of the organization, and slow down the economic development in the City of Miami. We should stop that from happening, new business and jobs are at stake. MCDI is a creditable organization and it represents the city well. 9 8- 465 City Ced`