HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM Law Department
�3. Matter ID No.
L r4, fFILE ID: I
e�4 ry ,
Date: 06/10/2010 Requesting Department: Community Development
Commission Meeting Date: 07/08/2010 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: ALLOCATION OF AFFORDABLE HOUSING TRUST FUNDS ("AHTF")
Purpose of Item:
AUTHORIZING THE ALLOCATION CITY OF MIAMI DEPARTMENT OF COMMUNITY
DEVELOPMENT AFFORDABLE HOUSING TRUST FUND ("AHTF') FUNDS, IN THE
AMOUNT OF $100,000 FOR PAYMENT OF OUTSTANDING PROPERTY TAXES, LIENS,
AND MAINTENANCE FOR THE CITY OWNED PROPERTIES THAT WILL BE USED FOR
THE CONSTRUCTION OF AFFORDABLE HOUSING; AUTHORIZING THE CITY MANAGER
TO EXECUTE ALL NECESSARY DOCUMENT(S), FOR SAID PURPOSE(S).
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:
CIP
If using -or receiving capital funds
Grants
Purchasiniz
Chief �t C'�--
Final Approvals
(SIGN AND DATE)
Budget_
Risk Management
Dept. Director
City Manager
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
The Department of Community Development currently manages certain City of Miami ("City")
properties that have outstanding property taxes and liens from prior years.
Federal funds cannot be used to pay such back taxes and liens or pay for maintenance of such
properties that are not purchased using federal funds.
The department is currently developing some of the properties but unable to finalize some folio
separations because of the outstanding property taxes.
The Administration recommends the allocation of City of Miami Department of Community
Development AHTF in the amount of $100,000 for payment of outstanding property taxes, liens and
maintenance for City owned properties that will be used for the construction of affordable housing.