HomeMy WebLinkAboutSummary FormDate: 10/24/2007
AGENDA ITEM SUMMARY FORM
FILE ID: O7-b
Requesting Department: Community Development
Commission Meeting Date: 12/13/2007 District Impacted:
Type: ® Resolution Ordinance Emergency Ordinance fI Discussion Item
Other
Subject: ALLOCATING FUNDS TO DISTRICT 2 ECONOMIC DEVELOPMENT RESERVE
Purpose of Item:
AUTHORIZING THE DE -OBLIGATION OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS,
IN THE AMOUNT OF $167,000, PREVIOUSLY ALLOCATED TO URBAN EMPOWERMENT
CORPORATION; ALLOCATING SAID FUNDS BACK TO THE CITY OF MIAMI DEPARTMENT OF
COMMUNITY DEVELOPMENT — DISTRICT 2 ECONOMIC DEVELOPMENT RESERVE (FY 2007-
2008).
Background Information:
Pursuant to Resolution No. 07-0488, adopted September 11, 2007, the City Commission approved
an allocation of 33rd Program Year Community Development Block Grant ("CDBG") Economic
Development funding, in the amount of $167,000, to Urban Empowerment Corporation, to provide
technical assistance to for -profit businesses.
The Administration has become aware that Urban Empowerment Corporation is not in compliance
with conflict of interest requirements of the funding source, the United States Department of Housing
and Urban Development (24 C.F.R. 570.611).
The Administration recommends the de -obligation of the CDBG funds, in the amount of $167,000,
previously allocated to Urban Empowerment Corporation, and the allocation of said funds back to
the City of Miami Department of Community Development — District 2 Economic Development
Reserve (FY 2007-2008).
Budget Impact Analysis
Is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below.
General Account No:
Is t
Special Revenue Account No:
CIP Project No: 4-1
unded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Mainten ` nce Cost:
Total Fisal Impact:
Final Approvals
SIGN AND DATE)
Dept. Directs
('_hinf City Mananar