HomeMy WebLinkAboutsummary formDate: 3/16/2005
AGENDA ITEM SUMMARY FORM
FILE ID: DS-- d o a 8 3
Requesting Department: Community Development
Commission Meeting Date: 4/14/2005 District Impacted: District 5
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ['Discussion Item
❑ Other
Subject: Transferring CDBG Closed out funds and Program Income to CIP
Purpose of Item:
The purpose of this item is for the City Commission to approve the transfer of closed out CDBG
funds and Program income funds, in the total amount of $1,761,646.00, to the City of Miami
Department of Capital Improvements for the Allapattah Street Improvement Project.
Background Information:
OMB
On November 18, 2004, the City Commission adopted Resolution No. 04-0758, guaranteeing the
allocation of 2005 CDBG funds to District 5 Capital Improvement Projects, unless funds become
available prior to the 2005 CDBG allocation (due to closing of contract) then said funds were to be
awarded to District 5. Due to closing of CDBG contracts, funds have become available for
distribution.. CIP solicited bids when their plan to use Job Order Contracting was not approved by the
Department of Housing and Urban Development ("HUD").CIP has obtained a commitment from a
successful bidder that the work will be completed by June 30, 2005. The Administration is requesting
transferring said funds to CIP.
Budget Impact Analysis
Is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CIP
Final Approvals
(SIGN AND DATE)
Budget
If using or receiving capital funds
Grants Risk Manageme
Purchasing Dept. Director
Chief( / C a. • )4,. City Manager
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