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HomeMy WebLinkAboutSummary FormDate: 3/23/2006 AGENDA ITEM SUMMARY FORM p H FILE ID: 0 6- oo b 3 b .12 Requesting Department: Community Development Commission Meeting Date: 5/11/2006 District Impacted: Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: TRANSFERRING U.S. HUD EDI FUNDS Purpose of Item: AUTHORIZING THE TRANSFER OF UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("U.S. HUD") ECONOMIC DEVELOPMENT INITIATIVE FUNDS ("EDI"), IN THE TOTAL AMOUNT OF $99,200; ALLOCATING SAID FUNDS TO ASSISTANCE TO THE ELDERLY, INC. FOR CONSTRUCTION REHABILITATION OF THEIR ELDERLY FACILITY LOCATED AT 5617 NW 7TH STREET, MIAMI, FLORIDA; AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT, WITH SAID AGENCY, FOR SAID PURPOSE. Background Information: Pursuant to Resolution Number 05-0576, adopted September 22, 2005, the City Commission accepted a grant from United States HUD EDI funds, in the amount of $99,200, for construction rehabilitation of facilities providing services to elderly residents Assistance to the Elderly, Inc. is a non profit agency that provides housing to elderly individuals at their facility located at 5617 NW 7th Street The Administration recommends the transfer of said funds to Assistance to the Elderly, Inc., for construction rehabilitation of said facility 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 ` Chi " 1 City Manag Dn..n 1 ..P 1