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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: Date: 11/08/2011 Commission Meeting Date: 12/08/2011 Law Department Matter ID No. Requesting Department: Community Development District Impacted: 1,2,3,4,5 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item El Other Subject: SECTION 8 FUNDING: 2012-2013 Purpose of Item: AUTHORIZING THE ACCEPTANCE OF SECTION 8 HOUSING PROGRAM FUNDS, IN THE AMOUNT OF $4,244,682 FOR RENTAL ASSISTANCE, AND IN THE AMOUNT OF $485,000 FOR PROGRAM ADMINISTRATION, FOR A TOTAL AMOUNT OF $4,729,682, FROM- FISCAL YEAR 2012-2013 ANNUAL CONTRIBUTIONS FROM THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS FOR SAID PURPOSE. Background Information: The City of Miami has 416 units under Section 8 contracts; and The United States Department of Housing and Urban Development has advised the City of Miami that the projected allocation for the Section 8 Housing Program for Fiscal Year 2012-2013 is available in the amount of $4,244,682 for rental assistance payments and $485,000 for program administration, for a total amount of $4,729,682. 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 Cial"jr- Dept. Director /City Manager Page 1 of 1