HomeMy WebLinkAboutcover memoCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
bk
TO : DATE : APR — r 2004 FILE :
The Honorable Ma rand
Men}lzers of The ity Commis ' SUBJECT : Transfer of funds from Community
) Revitalization Agency Housing
r- Account to BAME Development
FROM : REFERENCES : Corporation of South Florida, Inc.
Joe i la City Commission Agenda
City a ager ENCLOSURES: April 22, 2004
RECOMMENDATION:
It is respectfully recommended that the City Commission adopt the attached Resolution
transferring Community Development Block Grant (CDBG) funds in the amount of $200,000.00,
from the Community Redevelopment Agency (CRA) Housing Pilot Program and reallocating
said funds to BAME Development Corporation of South Florida Inc. to correct Housing Quality
Standards violations at the Town Park Apartments building located in the Overtown section of
the City of Miami, and authorizing the City Manager to execute the necessary agreement with
BAME Development Corporation of South Florida Inc., substantially in the attached form,
subject to applicable City Code provisions.
BACKGROUND:
On June 24, 2003, the City Commission adopted Resolution No. 03-707 allocating $415,000 of
FY 2003-2004 CDBG funds for a CRA Housing Pilot Program in the CRA area. At the City
Commission meeting of March 25, 2004, the Commission was advised of numerous Housing
Quality Standards violations at the Town Park Apartments, a 151 unit building located in the
CRA area. In order to avoid having to displace the residents of this building, the City
Commission requested that the Administration find funds to transfer to BAME Development
Corporation of South Florida Inc. to correct these Housing Quality Standards violations.
Deobligate Reallocate
Program/Activity Funds of: Funds to:
CRA Housing Pilot Program (IDIS 111447) $200,000
BAME Development Corporation of South Florida Inc. $200,000
It is recommended that the City Commission adopt the attached Resolution transferring CDBG
funds in the amount of $200,000.00, from the CRA Housing Pilot Program and reallocating said
funds to BAME Development Corporation of South Florida Inc. to correct Housing Quality
Standards violations at the Town Park Apartments building located in the Overtown section of
the City of Miami, and authorizing the City Manager to execute the necessary agreement with
BAME Development Corporation of South Florida Inc., substantially in the attached form,
subject to applicable City Code provisions.
The proposed Resolution reallocates CDBG Program funds and does not have a budgetary
impact on the General Fund.
"LMH/BGR