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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: CA-- T?3 PH.4 Date: 08/07/08 Requesting Department: Community Development Commission Meeting Date: 09/11/08 District Impacted: Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: Approving the Foreclosure Prevention Program Guidelines Purpose of Item: APPROVING THE CITY OF MIAMI FORECLOSURE PREVENTION PROGRAM GUIDELINES, AS DESCRIBED IN EXHIBIT "A", ATTACHED AND INCORPORATED. Background Information: During the past year, the number of foreclosures throughout the state of Florida has increased dramatically. As a result, the City of Miami ("City") is implementing a Foreclosure Prevention Program. In order to assist in the prevention of additional foreclosures within the City, the Administration recommends approving the City of Miami Foreclosure Prevention Program Guidelines, as described in Exhibit "A". 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: Final Approvals (SIGN AND DATE) Dept. Director Chief City Manager