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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 11-01102 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE ALLOCATION OF PROGRAM YEAR 2012-2013, COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS, IN THE PROJECTED AMOUNT OF $1,300,000 IN THE ECONOMIC DEVELOPMENT CATEGORY, TO THE AGENCIES SPECIFIED IN ATTACHMENT "A," ATTACHED AND INCORPORATED AND THE PROJECTED AMOUNT OF $2,357,051.40 TO THE DEPARTMENT OF COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT RESERVE ACCOUNT, FOR A TOTAL PROJECTED AMOUNT OF $3,657,051.40, FOR ECONOMIC DEVELOPMENTACTIVITIES FOR PROGRAM YEAR 2012-2013; AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENTS, IN SUBSTANTIALLY THE ATTACHED FORM, WITH SAID AGENCIES, FOR SAID PURPOSES. WHEREAS, the United States Department of Housing and Urban Development ("HUD") has yet to release the final Community Planning and Development Program Formula Allocations for Program Year 2012-2013, as such, the amount of Community Development Block Grant ("CDBG") Economic Development funds being recommended is a projection; and WHEREAS, the funding allocation account may need to be adjusted proportionately once HUD confirms the final CDBG Formula Allocation for Program Year 2012-2013; and WHEREAS, the City Administration recommends the allocation of Program Year 2012-2013 CDBG funds, in the projected amount of $1,300,000 in the Economic Development category, to the agencies specified in Attachment "A," attached and incorporated, and the projected amount of $2,357,051.40 to the Department of Community Development Economic Development Reserve account, for a total projected amount of $3,657,051.40, for Economic Development activities for the Program Year 2012-2013; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The allocation of Program Year 2012-2013 CDBG funds, in the projected amount of $1,300,000 in the Economic Development category, to the agencies specified in Attachment "A," attached and incorporated, and the projected amount of $2,357,051.40 to the Department of Community Development Economic Development Reserve account, for a total projected amount of .$3,657,051.40, for Economic Development activities for the _Program Year.2012-201-3,.is authorized.. Section 3. These allocations will be adjusted in direct proportion to the actual allocation of CDBG funds provided by HUD for the 2012-2013 Program Year. City of Miami Page 1 of 2 File Id: 11-01102 (Version: 1) Printed On: 11/23/2011 File Number: 11-01102 Section 4. The City Manager is authorized{1} to execute the Agreements, in substantially the attached form, with said agencies, for said purposes. Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{2} APPROVED AS TO FORM AND CORRECTNESS: JULIE O. BRCI CITY ATTORNEY Footnotes: {1} The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions. {2} If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 File Id: 11-01102 (Version: I) Printed On: 11/23/2011