HomeMy WebLinkAboutcover memoCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO :
The Honorable Mayor and
Members of The Cit-GQmmissi
Cr
FROM: Joe A 1 la
City a ager
DATE :
SUBJECT:
1J,.4rt i(f FILE :
General Allocation of 30`h Year
CDBG Funds
REFERENCES : City Commission Agenda
March 11, 2004
ENCLOSURES:
RECOMMENDATION:
It is respectfully recommended that the City Commission adopt the attached Resolution directing
the allocation of $9,928,000 of the 30th Year Community Development Block Grant ("CDBG")
funds and $1,211,639 from 28th Year Close Outs, for a total allocation of 11,139,639 as specified
herein for the 30th Program Year beginning October 1, 2004, subject to applicable City Code
provisions.
BACKGROUND:
Under the entitlement formula, the U.S. Department of Housing and Urban Development ("U.S.
HUD") has advised the City that the projected Community Development Block Grant ("CDBG")
entitlement for the 30th Program Year, which commences October 1, 2004, will be approximately
$9,928,000. The Administration has identified $1,211,639 in close out funds from the 28th Year
program activities. The Administration seeks City Commission direction relating to the proposed
use of CDBG funds in the 30th Program Year to determine the appropriate funding levels to be
made available through the 30th Year Request for Proposal (RFP) process. The following chart
provides an overview of the proposed 30th Year funding:
CDBG Funding Activity
Grant Administration (20%)
Section 108 Loan Guarantee
City of Miami Building Department/ Unsafe Structures
Public Services *
Economic Development *
Housing Development *
Total CDBG funding
* To be made available through the RFP process.
Proposed 30th
Year Allocation
$ 1,985,600
1,100,000
200,000
1,489,200
3,000,000
3,3.64,839
11,139,639
It is recommended that the City Commission adopt the attached Resolution directing the
allocation of $9,928,000 of the 30th Year CDBG funds and $1,211,639 in 28th Year Close Outs,
for a total allocation of 11,139,639 as specified herein for the 30th Program Year beginning
October 1, 2004, subject to applicable City Code provisions.
The proposed Resolution allocates CDBG grant funds and does not have a budgetary
impa t + the General Fund.
H/BGR