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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM Law Department / Matter ID No. ' os$ FILEID: (09—Q1s5(4 -- Date: 11/20/2009 Requesting Department: Community Development Commission Meeting Date: 12/17/2009 District Impacted: 1,2,3,4,5 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: APPROVING THE CITY OF MIAMI'S SUBSTANTIALLY AMENDED ANNUAL ACTION PLAN FOR FY 2008-2009 AND THE NEIGHBORHOOD STABILIZATION PROGRAM'S REVISED IMPLEMENTATION POLICIES Purpose of Item: APPROVING THE CITY OF MIAMI'S ("CITY") SUBSTANTIALLY AMENDED ANNUAL ACTION PLAN FOR FISCAL YEAR 2008-2009 AND THE NEIGHBORHOOD STABILIZATION PROGRAM'S ("NSP") REVISED IMPLEMENTATION POLICIES, ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO SUBMIT THE CITY'S AMENDED ANNUAL ACTION PLAN FOR FISCAL YEAR 2008-2009 TO THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR REVIEW AND APPROVAL. Background Information: Please see attached Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Approvals (SIGN AND DATE) CIP Budget If using or receiving capital fiords Grants Risk Managen Purchasing Dept. Director. Chief City Manager Page I of 1 AGENDA ITEM SUMMARY FORM CONTINUED Background Information: Pursuant to Resolution No. 04-0374, adopted June 10, 2004, the City Commission approved the City of Miami's ("City") Consolidated Plan for Fiscal Years 2004-2009. Per the Code of Federal Regulations 24 CFR 91.220, all entitlement jurisdictions are required to submit an Annual Action Plan to the United States Department of Housing and Urban Development ("HUD") for the purpose of carrying out its long term strategic plan. Pursuant to Resolution No. 08-0442, adopted July 24, 2008, the City Commission approved the City's Annual Action Plan for Fiscal Year 2008-2009. The Annual Action Plan set forth the overall goals and objectives of the City's Consolidated Plan. On September 26, 2008, the City was awarded $12,063,702 for the implementation of the Neighborhood Stabilization Program (NSP) which provided emergency assistance to the City to acquire foreclosed properties that might otherwise become sources of abandonment and blight and rehabilitate, resell, or redevelop the properties to stabilize neighborhoods and stem the decline of house values of neighboring homes. Pursuant to Resolution No. 08-0642, adopted November 13, 2008, the City Commission approved a substantial amendment to the City's Annual Action Plan for the Fiscal Year 2008-2009 which included the strategies for the implementation of NSP. The Annual Action Plan has since been substantially amended to include changes to the previously approved Neighborhood Stabilization Program plan by expanding the Areas of Greatest Needs and modifying certain program strategies.