HomeMy WebLinkAboutcover memoCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO :
FROM
The Honorable Ma ,or and
Meta 1bers of The ity Coirrmission
Joe Atriola
Cit Manager
DATE:
SUBJECT:
REFERENCES:
ENCLOSURES:
,Afti 4 i.vu4
FILE :
Transfer of CDBG funds from
Economic Development to Housing
Project Management Support
City Commission Agenda
May 27, 2004
RECOMMENDATION:
It is respectfully recommended that the City Commission adopt the attached Resolution, with
attachment(s) authorizing the deobligation of funds previously allocated to the Allapattah
Business Development Authority Inc. from the 29th year Community Development Block Grant
Program for Economic Development in the amount of $188,513; said funds to be transferred to
the Allapattah Business Development Authority, Inc. for Housing Project Management Support;
and further authorizing the City Manager to execute an amendment and an agreement in
substantially the attached form(s), for said purposes.
BACKGROUND:
Resolution No. 03-710 adopted on June 24, 2003 and 03-1245 adopted on December 18, 2003,
allocated a total of $263,513 in the 29t1i Year CDBG funds for economic development activities
beginning October 1, 2003 to Allapattah Business Development Authority, Inc.
The Allapatah Business Development Authority, Inc. wishes to change the work program of the
agency in order to develop affordable housing projects in District 1.
Azencv / Activity
Allapattah Business Development Authority Inc.
Economic Development (IDIS # 1468)
Allapattah Business Development Authority Inc.
Housing Project Management Support
Total Funds
Transfer From:
$188,513
Transfer To:
$188,513
$188,513 $188,513
It is recommended that the City Commission adopt the attached Resolution, with attachment(s)
authorizing the deobligation of funds previously allocated to the Allapattah Business
Development Authority Inc. from the 29th year Community Development Block Grant Program
(CDBG) funds for economic development, in the amount of $188,513, said funds to be
transferred to the Allapattah Business Development Authority Inc. for Housing Project
Management Support; and further authorizing the City Manager to execute an amendment and an
agreement in substantially the attached form(s), for said purposes.
ed Resolution does not have a budgetary impact on the General Fund.