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HomeMy WebLinkAboutSummary FormDate: 03/24/2011 AGENDA ITEM SUMMARY FORM FILE ID: /t' —006V6 Law Department Matter ID No. Requesting Department: Community Development Commission Meeting Date: 04/28/2011 District Impacted: 4 Type: /1 Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS TO REBUILDING TOGETHER MIAMI-DADE, INC. Purpose of Item: AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS, IN THE AMOUNT OF $100,000 FROM THE CITY OF MIAMI DEPARTMENT OF COMMUNITY DEVELOPMENT DISTRICT 4 ECONOMIC DEVELOPMENT RESERVE ACCOUNT; ALLOCATING SAID FUNDS TO REBUILDING TOGETHER, INC., AS SPECIFIED IN EXHIBIT "A", ATTACHED AND INCORPORATED, FOR THE REHABILITATION OF SINGLE FAMILY HOMES IN DISTRICT 4; AUTHORIZING THE CITY MANAGER TO EXECUTE AGREEMENT(S), IN SUBSTANTIALLY THE ATTACHED FORM(S), WITH SAID AGENCY FOR SAID PURPOSE(S). 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 Project No: NO Is thisitem 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 orreceiving capital funds Grants Risk Management Pur sin �� Dept. Director hief City Manager Page 1 of 1 AGENDA ITEM SUMMARY FORM CONTINUED Background Information: Pursuant to Resolution No.11-0119, approved March 24, 2011, the Miami City Commission approved the allocation of CDBG Economic Development funds which included an amount of $848,935 as reserves for District 4. Rebuilding Together Miami -Dade, Inc. ("Rebuilding Together") was established in 1993 and is a 501(c)3 non-profit organization that rehabilitates homes for low-income elderly and disabled homeowners at no cost to the homeowner. Since its inception in 1993, Rebuilding Together has rehabilitated approximately 340 homes with hundreds of skilled and unskilled volunteers donating $5 million of market value work to the Miami - Dade Community. This Single Family Rehabilitation project will focus on assisting low income elderly and disabled homeowners in District 4 to include ADA compliance issues for the exterior of the property, roof repair or replacement, window and exterior door repair or replacement, accordion shutter installation, termite tenting, exterior paint, replacement of front yard fencing and replacement of exterior lighting fixtures for safety purpose as well as other eligible costs. The funds will assist in rehabilitating homes for low-income, eligible, elderly and disabled homeowners in District 4 which will also provide job opportunities to small business contractors to complete the repairs. Rebuilding Together will be compensated at a rate of 15% of the project cost but not to exceed $15,000, for overseeing and managing the rehabilitation projects in District 4. Homeowners benefiting from the program will be required to sign and record against the properties a five (5) year covenant restricting the use of the home to ensure compliance with federal regulations. The Administration recommends the transfer of CDBG funds in the amount of $100,000, from the City of Miami Department of Community Development District 4 Economic Development Reserve Account to Rebuilding Together, as specified in "Exhibit A", attached and incorporated, for the Single Family Rehabilitation Program in District 4.