HomeMy WebLinkAboutR-92-0494J-92-588
7/1.6/97_
RESOLUTION NO.
494
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
SUBMIT AN AMENDMENT TO THE APPROVED
EIGHTEENTH (18TH) YEAR COMMUNITY DEVELOPMENT
BLOCK GRANT (CDBG) PROGRAM FINAL STATEMENT TO
THE U.S. DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT (HUD) TO REFLECT THE REALLOCATION
OF CDBG FUNDS, IN THE AMOUNT OF $300,000, FOR
HOUSING ACTIVITIES.
WHEREAS, the City Commission adopted the 18th Year Community
Development Block Grant Program on March 12, 1992; and
WHEREAS, the amount of $300,000 from the 18th Year Downtown
Business Incentive Fund will reallocated for the City's housing
activities; and
WHEREAS, the reallocation of $300,000 in Community
Development Block Grant funds for housing activities includes
$229,400 for HOME program delivery cost and $70,600 for the
City's Multifamily Housing Rehabilitation Loan Program; and
WHEREAS, said designation of Community Development Block
Grant funds by the City Commission requires an amendment of the
previously approved 18th Year Community Development Block Grant
Program Final Statement;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
CITY COMMIS
MEETING OF
AIL 16 1992
0etctutim Na f
y2 494
Section 1. The recitals and findings contained in the
Preamble to the Resolution are hereby adopted by reference
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. The City Manager is hereby authorized to
submit an amendment to the approved Eighteenth (18th) Year
Community Development Block Grant (CDBG) Program Final Statement
to the U.S. Department of Housing and Urban Development (HUD) to -
reflect the reallocation of $300,000 in CDBG funds for housing -
activities.
Section 3. This Resolution shall become effective _
immediately upon its adoption.
PASSED AND ADOPTED this 16th_ day of July,,,�92.
ATTE
MATTY HIRAI
CITY CLERK
BUDGET DEPARTMENT APPROVAL:
MANOHAR S. SURANA CTOR
DEPARTMENT OF BUD
FINANCE DEPARTMENT REVIEW AND
APPROVAL:
� 9 L
C . GARCIA, DIRECTOR
FINANM DEPARTMENT
XAV I E R x".iB UARE Z, MAYOR
-2- 92- 494
COMMUNITY DEVELOPMENT APPROVAL:
FRAN CAS AN A, DIRECTOR
DEPARTMENT OF COMMUNITY DEVELOPMENT
PREPARED AND APPROVED BY:
- QR
JULIE 0, BRU
ASSISTANT CITY ATTORNEY
APPROVED AS TO FORId AND CORRECTNESS:
A QUXNN—Jop, III
CITY ATTO N Y
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