HomeMy WebLinkAboutsummary formDate: 5/12/2005
AGENDA ITEM SUMMARY FORM
FILE ID: 0 5 — 00505
Requesting Department: Community Development
Commission Meeting Date: 6/9/2005 District Impacted:
Type: ® Resolution E Ordinance ❑ Emergency Ordinance ❑ Discussion Item
['Other
Subject: Acceptance of ADDI funding
Purpose of Item:
AUTHORIZING THE ACCEPTANCE OF AMERICAN DREAM DOWNPAYMENT INITIATIVE
("ADDI") FUNDS, IN THE TOTAL AMOUNT OF $137,300, FOR FISCAL YEAR 2005-2006 FOR
FIRST TIME HOMEBUYER DOWN -PAYMENT ASSISTANCE; AUTHORIZING THE CITY
MANAGER TO EXECUTE ANY AND ALL NECESSARY DOCUMENTS FOR ACCEPTANCE
OF SAID FUNDS
Background Information:
The United States Department of Housing and Urban Development ("HUD") has advised the City of
Miami ("City") that the projected allocation for fiscal year 2005-2006 is $137,300.
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:
Final Approvals
(SIGN AND DATE)
CIP Budget
If using or receiving capital funds
Grants Risk Manageme
Purchasing G Dept. Directo
Chief 0fl f _ City Man
PON
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