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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: /d •©1Z3o1 Law Department Matter ID No. Date: 10/14/2010 Requesting Department: Community Development Commission Meeting Date: 11/18/2010 District Impacted: 2 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinal ce ❑ Discussion Item ❑ Other Subject: TRANSFERRING COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS TO THE CITY OF MIAMI, CAPITAL IMPROVEMENTS PROGRAM Purpose of Item: AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS ('CDBG') IN THE AMOUNT OF $400,000 FROM THE DISTRICT 2 ECONOMIC DEVELOPMENT RESERVE ACCOUNT; ALLOCATING SAID FUNDS TO THE CITY OF MIAMI, CAPITAL IMPROVEMENTS PROGRAM OFFICE ('CIP') FOR STREET IMPROVEMENTS IN THE NORTH SHORECREST AREA; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS FOR SAID PURPOSE. Background Information: Please see attached Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Protect No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Approvals .fSIGN AND DATEI CIP Budget [tu3ina oY,recciviii�'wDileFfun"ds Grants Risk Management Purchasing • Dept. Director Chief �Cs� City Manager Page 1 of 1 AGENDA ITEM SUMMARY FORM CONTINUED Oackground Information: Pursuant to Resolution No.07-0315, adopted June 12, 2007, the Miami City Commission approved the allocation of $459,937 to the District 2 Economic Development Reserve Account. CIP is responsible for the planning, coordination, implementation, and monitoring of all construction relatedcapital projects in the City of Miami, and for the financial management of all capital funds. The streets in the Shorecrest area of District 2 are currently In disrepair with drainage problems that has to be corrected. The Shorecrest area qualifies as a low-income community and the street improvement qualifies for CDBG funding as improvement to public facilities. The Administration recommends the allocation of CDBG funds in the amount of $400,000 from the District 2 Economic Development Reserve Account to CIP for public facilities and improvement activities for street improvements in the North Shorecrest area.