HomeMy WebLinkAboutSummary FormDate: 4/3/2006
AGENDA ITEM SUMMARY FORM
FILE ID: 6 6- eo 6 a) S
PH.10
Requesting Department: Community Development
Commission Meeting Date: 5/11/2006 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: EXTENSION OF THE CONSTRUCTION COMPLETION DATE FOR RHHED
Purpose of Item:
AUTHORIZING AN EXTENSION OF THE CONSTRUCTION COMPLETION DATE TO JUNE 2,
2006, FOR RAFAEL HERNANDEZ HOUSING & ECONOMIC DEVELOPMENT
CORPORATION ("RIMED") IN CONNECTION WITH THE DEVELOPMENT OF FOUR NEW
SINGLE FAMILY HOMES, AS SPECIFIED IN EXHIBIT "A", ATTACHED AND
INCORPORATED, FOR QUALIFIED LOW AND MODERATE INCOME FAMILIES;
AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS,
WITH SAID AGENCY, FOR SAID PURPOSE.
Background Information:
• Due to delays in the permitting process, the fourth home located at 3290 NW 9 Court, Miami,
Florida has not been completed
• RHHED has requested an extension of the construction completion deadline to June 2, 2006
• All other loan terms and conditions will remain the same
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
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