HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID:
Date: 07/05/2011
Commission Meeting Date: 07/28/2011
/1- t)066e/
Law Departmen
Matter ID No.
Requesting Department: Community Development
District Impacted: 4
Type: ►/ Resolution ❑ Ordinance n Emergency Ordinance ❑ Discussion Item
❑ Other
•
Subject: ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS TO CAMARA
DE COMERCIO LATINA DE LOS ESTADOS UNIDOS, INC. ("CAMACOL")
Purpose of Item:
AUTHORIZING THE ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG")
FUNDS TO CAMARA DE COMERCIO LATINA DE LOS ESTADOS UNIDOS, INC. ("CAMACOL")
IN THE AMOUNT OF $250,000, FROM THE DISTRICT 4 ECONOMIC DEVELOPMENT RESERVE
ACCOUNT, FOR ECONOMIC DEVELOPMENT ACTIVITIES ASSOCIATED WITH COMMERCIAL
FAQADE AND CODE COMPLIANCE PROJECTS IN DISTRICT 4; AUTHORIZING THE CITY
MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS IN A FORM ACCEPTABLE TO THE
CITY ATTORNEY WITH SAID ENTITY, 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 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 Mana n
Purch Dept. Direc o,,(�
Chief City Manag
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. R-11-0119, adopted March 24, 2011, the Miami City Commission
authorized the allocation of Program Year 2011-2012 Community Development Block Grant
("CDBG") funds, in the amount of $4,468,078 in the economic development category, for economic
development activities which included an amount of $848,935 set aside as reserve for District 4; and
The Commercial Facade and Code Compliance Programs provide assistance to businesses in, low
and moderate income communities for facade improvements and elimination of code violations; and
The Administration recommends the transfer of CDBG funds, in the amount of $250,000, from the
District 4 Economic Reserve Account, to CAMACOL for code compliance and commercial facade
projects in District 4;