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HomeMy WebLinkAboutSummary FormCIP AGENDA ITEM SUMMARY FORM FILE ID: 0-4 - S 58 Date: 3/29/2007 Requesting Department: Community Development Commission Meeting Date: 05/10/2007 District Impacted: Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: TRANSFERRING FUNDS TO THE DEPARTMENT OF COMMUNITY DEVELOPMENT CDBG HOUSING ACTIVITIES TRANSFERRING COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS, IN AN AMOUNT NOT TO EXCEED $144,124.04, PREVIOUSLY ALLOCATED TO THE ASSOCIATION FOR THE DEVELOPMENT OF THE EXCEPTIONAL, INC.; REALLOCATING SAID FUNDS TO THE CITY OF MIAMI DEPARTMENT OF COMMUNITY DEVELOPMENT CDBG SINGLE FAMILY REHAB PROGRAM, FOR THE PROVISION OF SINGLE FAMILY REHAB PROGRAM. Purpose of Item: Background Information: Pursuant to Resolution No. 96-551, adopted July 25, 2006, allocating a total of $47,800 Community Development Block Grant ("CDBG") funds to the Association for the Development of the Exceptional, Inc. to carry out public facilities and Improvement activities. Pursuant to Resolution No. 98-402, adopted April 14, 1998, allocating additional CDBG funding in the amount of $50,000 . Pursuant to Resolution No. 05-0477, adopted July 28, 2005, allocating said agency and additional sum of $140,000 for a total compensation of $237,800. The administration recommends the balance of CDBG funds in an amount not to exceed $144,124.04 previously allocated to the Association for the Development of the Exceptional, Inc. be transferred to the City of Miami Development of Community Development CDBG Single Family Rehab Program, due to the lack of progress and the inability of the agency to obtain the necessary construction permits in a timely manner. The administration recommends the transfer of CDBG Program funds, in an amount not to exceed $144,124.04, previously allocated to the Association for the Development of the Exceptional, Inc. and the reallocation of said funds to the City of Miami Department of Community Development CDBG Single Family Rehab Program, to be used for the provision of single family rehab program. 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? Final Approvals (SIGN AND DATE) Budget Risk Manageme Dept. Directo City Manage G riffusiing or receivingncapital funds Purchasin Chief Page 1 of