HomeMy WebLinkAboutSummary FormDate: 06/12/08
AGENDA ITEM SUMMARY FORM
FILE ID: 0v0 S -7 2Z
Requesting Department: Community Development
Commission Meeting Date: 07/10/08 District Impacted:
Type: ® Resolution n Ordinance ❑ Emergency Ordinance n Discussion Item
❑ Other
Subject: Transferring funds to Allapattah Business Development Authority, Inc.
Purpose of Item:
r
AUTHORIZING THE TRANSFER OF 33RD YEAR COMMUNITY DEVELOPMENT BLOCK
GRANT ("CDBG") FUNDS, IN THE AMOUNT OF $55,909.47, FROM THE CITY OF MIAMI
DEPARTMENT OF COMMUNITY DEVELOPMENT COMMERCIAL FACADE PROGRAM
ACCOUNT; ALLOCATING SAID FUNDS TO THE ALLAPATTAH BUSINESS
DEVELOPMENT AUTHORITY, INC. ("ABDA"), TO CONTINUE TO PROVIDE ECONOMIC
DEVELOPMENT ACTIVITIES UNDER THE CITY OF MIAMI COMMERCIAL FACADE
PROGRAM.
Background Information:
Please see attached.
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:
Dept. Directo
Chief
Final Approvals
(SIGN AND DATE)
City Manager,
Pa2e 1 of 1
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Allapattah Business Development Authority, Inc. ("ABDA") is a non-profit corporation that provides
economic development activities in the City of Miami.
Pursuant to Resolution No. 07-0315, adopted on June 12, 2007, the City Commission approved the
allocation of 33rd year CDBG funding, in the amount of $130,000 to ABDA to provide economic
development activities beginning October 1, 2007.
On May 9, 2008, the City of Miami Department of Community Development staff met with ABDA to
review their work in progress and was informed by ABDA that they had additional facade projects
that they started and must be completed prior to the end of the current contract year, that would
require additional funding.
ABDA requested additional funding, to continue to provide economic development activities.
The Administration recommends the transfer of 33rd year CDBG funding, in the amount $55,909.47,
from the City of Miami Department of Community Development Commercial Facade Account, to
ABDA to continue to provide economic development activities under the City of Miami Commercial
Facade Program, as specified in Exhibit "A".