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HomeMy WebLinkAboutsummary formAGENDA ITEM SUMMARY FORM FILE ID: O S_( nos U G Date: 5/12/2005 Requesting Department: Community Development Commission Meeting Date: 6/9/2005 District Impacted: Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Acceptance of SHIP funds Purpose of Item: A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE ACCEPTANCE OF STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") FUNDS, IN THE AMOUNT OF' $1,579,897, TO SINGLE FAMILY ACTIVITIES, NOT LIMITED TO SINGLE FAMILY REHABILITATION, SINGLE FAMILY REPLACEMENT HOMES, HOMEBUYERS FINANCING PROGRAM AND HOMEOWNERSHIP DEVELOPMENT PROGRAM FOR THE IMPLEMENTATION OF THE LOCAL HOUSING ASSISTANCE PLAN AND THE AMOUNT OF $175,544 FOR ADMINISTRATION, FOR THE TOTAL AMOUNT OF $1,755,441 FOR FISCAL YEAR 2005-2006,; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS, FOR ACCEPTANCE OF SAID FUNDS. Background Information: It is projected that the State Housing Initiatives Partnership ("SHIP") funding for Fiscal Year 2005- 2006 will be in the amount of $1,755,441. 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 capitol funds Grants Risk Manageme Purchasing Dept. Director, Chief if. .1 %? City Mann Page 1 of 1