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HomeMy WebLinkAboutpre memoCITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM 12 la- 63-LO TO : FROM : The Honorab or and embers a Cx Co on C)Q e Arriola ty Manager DATE: SUBJECT : JUN -6 2003 FILE: Allocation of 29"' Year CDBG Funds for Capital Improvements Special City Commission Meeting REFERENCES : June 24, 2003 ENCLOSURES: RECOMMENDATION: It is respectfully recommended that the City Commission adopt the attached Resolution, allocating $804,500 of 29th Year Community Development Block Grant (CDBG) Program funds for Capital Improvement in the 29th Program Year beginning October 1, 2003 to KIDCO Child Care, Inc. in the amount of $100,000 for the expansion of their child care facility and to the City of Miami Department of Capital Improvement Projects in the amount of $704,500 for sidewalks and drainage throughout the City; and further authorizing the City Manager to enter into an agreement with said agency, for said purpose, substantially in the attached form, 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 29th Program Year, which commences October 1, 2003, will be $10,132,000. The Administration recommends that $804,500 in CDBG funds be allocated for Capital Improvements. It is recommended that the City Commission adopt the attached Resolution, allocating $804,500 of 29th Year Commnity Development Block Grant (CDBG) Program funds for Capital Improvement in the 29thProgram Year beginning October 1, 2003 to KIDCO Child Care, Inc. in the amount of $100,000 for the expansion of their child care facility and to the City of Miami Department of Capital Improvement Projects in the amount of $704,500 for sidewalks and drainage throughout the City; and further authorizing the City Manager to enter into an agreement with said agency, for said purpose, substantially in the attached form, subject to applicable City Code provisions. The proposed Resolution allocates CDBG grant funds and does not have a budgetary impact on the General Fund. 'LMHBGR