HomeMy WebLinkAboutAgenda Item Summary Form111111 111111
11 11
O g
Date: 08/18/2023
AGENDA ITEM SUMMARY FORM
File ID: #14490
Commission Meeting Date: 09/28/2023
Type: Resolution
Subject: Allocate Funds - CDBG Program
Purpose of Item:
Requesting Department: Department of
Housing and Community Development
Sponsored By:
District Impacted: All
Authorizing the city manager to allocate program income from community development
block grant ("cdbg") funds generated from May 1, 2023 to July 31, 2023, in the amount
of $138,720.89 for eligible housing and economic development activities, as specified in
exhibit "a," attached and incorporated; further authorizing the city manager to negotiate
and execute any and all necessary documents, in a form acceptable to the city attorney,
for said purpose.
Background of Item:
The Department of Housing and Community Development ("Department") receives
diverse types of repayments from loans provided to developers and homeowners
("Program Income") that are required to be used for eligible program activities.
From May 1, 2023, to July 31, 2023, the Department collected an amount of
$138,720.89 in Community Development Block Grant ("CDBG') Program Income.
Pursuant to CDBG regulations 24 CFR Part 570.504, program income must be used for
eligible CDBG activities.
The Department recommends allocating the Funds to the activities specified in Exhibit
"A" attached and incorporated, which are eligible CDBG activities.
Budget Impact Analysis
Item is NOT Related to Revenue
Item is NOT funded by Bonds
Total Fiscal Impact:
Total Fiscal Impact: $138,720.89
Reviewed B
Department of Community and Economic Development
Review Completed 08/21/2023 11:06 AM
Office of Management and Budget Luis Hernandez -Torres
Office of Management and Budget Marie Gouin
George Mensah Department Head
Budget Analyst Review
Budget Review
Completed 09/07/2023 3:35 PM
Completed 09/08/2023 9:36 AM
City Manager's Office Larry M. Spring Assistant City Manager Review Completed 09/14/2023 9:47 AM
City Manager's Office Arthur Noriega V City Manager Review Completed 09/14/2023 9:47 AM
Legislative Division Valentin J Alvarez Legislative Division Review Completed 09/15/2023 8:37 AM
Office of the City Attorney Raymond Pereira ACA Review Completed 09/15/2023 2:59 PM
Office of the City Attorney Victoria Mendez Approved Form and Correctness Completed 09/18/2023 2:36 PM
City Commission Maricarmen Lopez Meeting Completed 09/28/2023 9:00 AM
Office of the City Clerk City Clerk's Office Rendered Completed 10/04/2023 6:01 PM
City of Miami
Legislation
Resolution
Enactment Number: R-23-0425
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 14490 Final Action Date:9/28/2023
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK
GRANT ("CDBG") FUNDS GENERATED FROM MAY 1, 2023 TO JULY 31, 2023, IN
THE AMOUNT OF $138,720.89 FOR ELIGIBLE HOUSING AND ECONOMIC
DEVELOPMENT ACTIVITIES, AS SPECIFIED IN EXHIBIT "A," ATTACHED AND
INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE
AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE.
WHEREAS, the Department of Housing and Community Development ("Department")
receives various types of repayments from loans provided to developers and homeowners
("Program Income") that are required to be used for eligible program activities; and
WHEREAS, from May 1, 2023, to July 31, 2023, the Department collected an amount of
$138,720.89 in Community Development Block Grant ("CDBG") Program Income; and
WHEREAS, pursuant to CDBG regulations 24 CFR Part 570.504, Program Income must
be used for eligible CDBG activities; and
WHEREAS, the Department recommends the allocation of the Program Income
generated from May 1, 2023, to July 31, 2023, in the total amount of $138,720.89, to the
activities specified in Exhibit "A," attached and incorporated, which are eligible CDBG activities;
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
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The allocation of CDBG Program Income generated from May 1, 2023, to
July 31, 2023, in the amount of $138,720.89, to the categories specified in Exhibit "A," attached
and incorporated, is authorized.'
Section 3. The City Manager is authorized' to negotiate and execute any and all
necessary documents, all in a form acceptable to the City Attorney.
Section 4. This Resolution shall become effective immediately upon its adoption.
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited to those prescribed by applicable City Charter and City Code
provisions.
APPROVED AS TO FORM AND CORRECTNESS:
Pursuant to the resolution, this item became effective immediately upon adoption by the Commission.