HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID:
Date: 10/09/08
08- 122"?
PH.11
Requesting Department: Community Development
Commission Meeting Date: 11/13/08 District Impacted: 1,2,3,4,5
Type: Ej Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Approving City's Amended Annual Action Plan FY' 2008-2009
Purpose of Item:
APPROVING THE CITY OF MIAMI'S ("CITY") AMENDED ANNUAL ACTION PLAN FOR FISCAL
YEAR 2008-2009, ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO
SUBMIT THE CITY'S AMENDED ANNUAL ACTION PLAN FOR FISCAL YEAR 2008-2009, TO THE
UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR REVIEW AND
APPROVAL.
Background Information:
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:
Final Approvals
SIGN AND DATE)
Dept. Dirc970 V
Chief City Manager,
Page 1 of 1
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. 04-0374, adopted June 10, 2004, the City Commission approved the City
of Miami's ("City") Consolidated Plan for Fiscal Years 2004-2009.
Per the Code of Federal Regulations 24 CFR 91.220, all entitlement jurisdictions are required to
submit an Annual Action Plan to the United States Department of Housing and Urban Development
("U.S. HUD") for the purpose of carrying out its long term strategic plan.
Pursuant to Resolution No. 08-0442, adopted July 24, 2008, the City Commission approved the
City's Annual Action Plan for the Fiscal Year 2008-2009.
The Annual Action Plan set forth the overall goals and objectives of the City's Consolidated Plan.
On September 26, 2008, the City was awarded of $12,063,702 for the implementation of the
Neighborhood Stabilization Program.
U.S. HUD has mandated that all interested recipients submit an amended action plan for the Fiscal
Year 2008-2009 to receive the funds.
The Annual Action Plan has been amended to include the Neighborhood Stabilization Program which
will provide emergency assistance to the City of Miami to acquire foreclosed properties that might
otherwise become sources of abandonment and blight and rehabilitate, resell, or redevelop the
properties to stabilize neighborhoods and stem the decline of house values of neighboring homes.