HomeMy WebLinkAboutSummary FormDate: 3/23/2006
AGENDA ITEM SUMMARY FORM piti
FILE ID: 0 6- 6p 68\'
Requesting Department: Community Development
Commission Meeting Date: 5/11/2006 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: TRANSFERRING CDBG CLOSE OUT FUNDS TO FACADE PROGRAM
Purpose of Item:
AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM
("CDBG") CLOSE OUT FUNDS, IN THE AMOUNT OF $738,264,73, AS SPECIFIED IN
ATTACHMENT "A", ATTACHED AND INCORPORATED; ALLOCATING SAID FUNDS TO THE
CITY OF MIAMI DEPARTMENT OF COMMUNITY DEVELOPMENT COMMERCIAL FACADE
PROGRAM.
Background Information:
The Administration is requesting the transfer of CDBG close out funds to the City of Miami ("City")
Department of Community Development Commercial Facade Program
Funds, in the amount of $738,264.73, are for hard costs associated with Commercial Facade
projects
Said funds will be utilized to pay businesses directly and no administrative costs will be covered
Budget Impact Analysis
Is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below.
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
Dept. Director
Chief City Manager
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