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HomeMy WebLinkAboutcover memoCITY OF MIAMI, FLORIDA PH.4 INTER -OFFICE MEMORANDUM TO : FROM : The Honorable M Me il2rs of Th Joe s la City 1 ager DATE: SUBJECT : OCT 15z3 FILE : Deobligate 29th Year CDBG funds of $276,500 from Lot Clearing & $790,000 from NET and reallocate to CIP REFERENCES : City Commission Agenda Nc�osuRs October 23, 2003 RECOMMENDATION: It is respectfully recommended that the City Commission adopt the attached Resolution authorizing the deobligation of 29th Year Community Development Block Grant (CDBG) funds in the amount of $276,500 from Lot Clearing and $790,000 from NET Code Enforcement for a total of $1,066,500; and reallocating said funds to the City of Miami Department of Capital Improvement Projects. BACKGROUND: On March 27, 2003, the City Commission authorized the allocation of 29th Year CDBG funds to support municipal services and related activities, including $276,500 to Lot Clearing and $790,000 to NET Code Enforcement. Program/Activity Amount Program/Activity Amount Deobligate Funds from: Lot Clearing $276,500 NET Code Enforcement $790,000 Reallocate Funds to: City of Miami Department of Capital Improvement Projects $1,066,500 It is recommended that the City Commission adopt the attached Resolution authorizing the deobligation of 29th Year CDBG funds in the amount of $276,500 from Lot Clearing and $790,000 from NET Code Enforcement for a total of $1,066,500; and reallocating said funds to the City of Miami Department of Capital Improvement Projects. The propos d Resolution reallocates CDBG Program funds and does not have a budgetary impac , . the General Fund. LMH/BGR