HomeMy WebLinkAboutSummary FormDate: 05/06/08
AGENDA ITEM
�rSUMMARY FORM
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FILE ID: 0K .' S-CC
SP.6
Requesting Department: Community Development
Commission Meeting Date: 06/05/08 District Impacted:
Type: Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: ADDI FUNDING: 2008-2009
Purpose of Item:
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE ALLOCATION OF
AMERICAN DREAM DOWNPAYMENT INITIATIVE ("ADDI") FUNDS, IN THE AMOUNT OF
$27,682, FOR FISCAL YEAR 2008-2009, FOR THE FIRST TIME HOMEBUYER DOWN -PAYMENT
ASSISTANCE PROGRAM; AUTHORIZING THE CITY MANAGER TO EXECUTE THE
NECESSARY DOCUMENTS FOR SAID PURPOSE(S).
Background Information:
The United States Department of Housing and Urban Development has advised the City of Miami
that the projected ADDI funding is $27,682, for Fiscal Year 2008-2009, for First the Time Homebuyer
Down -Payment Assistance Program.
The Administration recommends the allocation of ADDI funding, in the amount of $27,682, for Fiscal
Year 2008-2009, for the First Time Homebuyer Down -Payment Assistance 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?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
1. Dept. Direc
Chief �fi� �' City Manager
Final Approvals
(SIGN AND DATE)
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