HomeMy WebLinkAboutSummary FormDate: 12/03/2010
AGENDA ITEM SUMMARY FORM
FILE ID: /O—O/yam
Law Department
Matter ID No.
Requesting Department: Community Development
Commission Meeting Date: 01/13/2011 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS TO THE
MICRO -ENTERPRISE ASSISTANCE PROGRAM
Purpose of Item:
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE TRANSFER OF
COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS ("CDBG") IN THE AMOUNT OF $50,000 FROM
THE DISTRICT 2 ECONOMIC DEVELOPMENT RESERVE ACCOUNT; ALLOCATING SAID FUNDS TO
THE CITY OF MIAMI, DEPARTMENT OF COMMUNITY DEVELOPMENT DISTRICT 2 MICRO-
ENTERPISE ASSISTANCE PROGRAM FOR MICRO -ENTERPRISE ACTIVITIES; AUTHORIZING THE
CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS FOR SAID PURPOSE.
Background Information:
Pursuant to Resolution No.10-0360, adopted September 16, 2010, the Miami City Commission approved
the amended allocation of $608,880 of 36th Year Community Development Block Grant ("CDBG") funds,
based on a six month allocation, to the City of Miami ("City") Economic Development Reserve Account
for economic development activities.
The Administration recommends the transfer of CDBG funds in the amount of $50,000 from the District 2
Economic Development Reserve Account to the District 2 Micro -Enterprise Assistance Program for
micro -enterprise activities.
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 Project No:
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)
CIP Budget
If using or receiving capital ,funds'
Grants Risk Management
Purchasing Dept. Director
Chief E C)-- City Manager,
Page 1 of 1