HomeMy WebLinkAboutSummary FormDate: 05/15/2012
AGENDA ITEM SUMMARY FORM
FILE ID: /; - OD & cY7
Requesting Department: Community Development
Law Department
Matter ID No.
Commission Meeting Date: 06/14/2012 District Impacted: 3
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS ("CDBG") TO
MIAMI HISPANIC BALLET CORP.
Purpose of Item:
AUTHORIZING THE ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG')
FUNDS IN THE AMOUNT OF $50,000 FROM THE CITYWIDE ECONOMIC DEVELOPMENT
RESERVE ACCOUNT; ALLOCATING SAID FUNDS TO MIAMI HISPANIC BALLET CORP.
("MHBC"), FOR PUBLIC FACILITIES AND IMPROVEMENT ACTIVITIES; AUTHORIZING THE CITY
MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS FOR SAID PURPOSE.
Background Information:
Please see attached
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No: TO BE DETERMINED
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 ATE
CIP Budget�ij� `►
Risk Management
Purchasing Dept. Director
Chigf -�) City Manager
If.using or;receiying capital funds
Grants
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
MHBC is a Florida non-profit organization and is engaged in organizing events for the community
involving ballet, shows and other entertainment in the South Florida region.
MHBC is looking to provide cultural activities at the property located at 111 Southwest 5th Avenue,
Miami, FL.
MHBC submitted a Request for Proposal dated September 26, 2011 requesting CDBG funds for
rehabilitation of their property located at 111 Southwest 5th Avenue, Miami FL.
Pursuant to Resolution No. , adopted June 14, 2012, the Miami City Commission approved
the transfer of CDBG Close -Out funds in the amount of $140,103.73 to the City of Miami, Department
of Community Development CDBG Reserve account for future citywide CDBG eligible activities.
The Administration recommends the allocation of CDBG funds, in the amount of $50,000, from the
Citywide Economic Development Reserve Account, to MH BC, for public facilities and improvement
activities for the property located at 111 Southwest 5th Avenue, Miami FL.