HomeMy WebLinkAboutworksheetCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO :
FROM :
T e Honora • . yor a
Com ssionerp
Arriola
Manager
DATE :
SUBJECT:
REFERENCES:
ENCLOSURES:
November 12, 2004
FILE :
Worksheet for Agenda Item
For December 9 Meeting
Department Requesting Agenda Item: Department of Community Development
1. Subject: Transferring HOME funds to Little Havana Homeownership Zone Trust
2. Purpose of item: Swapping the balance of $631,050 in the Little Havana
Homeownership Zone Trust fund with HOME Investment Partnership Program (HOME)
funds
3. History of item: The Little Havana Homeownership Zone Trust fund has a balance of
$631,050 that needs to be swapped with HOME funds to cover projects currently
underway. Due to the timeliness issue requirement in which CDBG program funds need
to be expended, this transfer will allow additional time for the continuation and
completion of set projects.
4. Does this item correlate with the CIP plan or Strategic Plan? If so, how? This item is in
compliance with the City's Consolidated Plan approved by HUD.
5. Does this item have any effect on residents within the City of Miami? If so, how? This
item will allow the continuation of projects under HOME funds.
6. Will this item impact any specific District? If so, which one? District 3
7. Does this item have any fiscal impact? (please provide dollar amount)
Aiencv/Activity
30th year Home Investment Partnership Program
Little Havana Homeownership Zone Trust fund
Total Funds:
Transfer From:
$631,050
$631,050
Transfer To:
$631,050
$631,050
Approved by: Directo
/ Chief.,l]I anager