HomeMy WebLinkAboutSummary FormDate: 4/20/2006
AGENDA ITEM SUMMARY FORM
FILE ID: 0 6- 00M
Requesting Department: Community Development
Commission Meeting Date: 6/8/2006 District Impacted:
Type: ® Resolution ❑ Ordinance 0 Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: ADDI FUNDING: 2006-2007
Purpose of Item:
AUTHORIZING THE ACCEPTANCE OF AMERICAN DREAM DOWNPAYMENT INITIATIVE
("ADDI") FUNDS, IN THE TOTAL AMOUNT OF $68,512, FOR FISCAL YEAR 2006-2007, FOR
FIRST TIME HOMEBUYER DOWN -PAYMENT ASSISTANCE; AUTHORIZING THE CITY
MANAGER TO EXECUTE THE NECESSARY DOCUMENTS TO IMPLEMENT ACCEPTANCE OF
SAID FUNDS
Background Information:
The United States Department of Housing and Urban Development has advised the City of Miami
that the projected allocation for Fiscal Year 2006-2007, for First Time Homebuyer Down -Payment
Assistance, is $68,512
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:
C1P Project No:
Is this Item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Dept. Dlrecto
Chief
/./
Final Approvals
LSIGN AND DATE)
City Manager,
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