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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: 0-7 - 00 () 2 Date: 4/25/2007 Requesting Department: Community Development Commission Meeting Date: 6/12/2007 District impacted: Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other _ Subject: CDBG FUNDING: ECONOMIC DEVELOPMENT Purpose of Item: AUTHORIZING THE ALLOCATION OF 33RD PROGRAM YEAR COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS, IN THE AMOUNT OF $3,900,000.00 IN THE ECONOMIC DEVELOPMENT CATEGORY, TO THE AGENCIES SPECIFIED IN "ATTACHMENT A," ATTACHED AND INCORPORATED, FOR ECONOMIC DEVELOPMENT ACTIVITIES IN THE 33RD PROGRAM YEAR BEGINNING OCTOBER 1, 2007; AUTHORIZING THE CITY MANAGER TO EXECUTE AGREEMENT(S), IN SUBSTANTIALLY THE ATTACHED FORM(S), WITH SAID AGENCIES, FOR SAID PURPOSE. Background Information: Federal regulations require the City of Miami ("City") to provide an opportunity for citizen participation in the planning process for the United States Department of Housing and Urban Development ("U.S. HUD") related grant activities. On February 18, 2005 an RFP was issued for a one year period with the option to extend such contract for an additional year, contingent on the availability of funds, and that the agency had met their contractual obligations. On April 13, 2007 an RFP was issued for the purpose of implementing projects for Economic Development activities in Districts 5, On May 11, 2007 and RFP was advertised for the purpose of implementing projects for Economic Development activities in District 2, said RFP will be available to the public May 24, 2007 and responses are due to the City by June 8, 2007. All agencies are being funded except those agencies providing services in District 2, said agencies will be funded after District 2 RFP process is complete. The Administration has proposed allocations as listed on "Attachment A," attached and incorporated, for the 33`d Program Year Community Development Block Grant ("CDBG") funding related to the Economic Development activities category. 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: C/P Project No: Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Dept. Direct Chief Final Approvals (SIGN AND DATE) City Manager Page 1 of 1