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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: Date: 12/07/2012 Law Department Matter ID No. Requesting Department: Community & Economic Development Commission Meeting Date: 01/10/2013 District Impacted: Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT CLOSE-OUT FUNDS Purpose of Item: AUTHORIZING THE ALLOCATION OF COMMUNITY DEVELOPMENT. BLOCK GRANT ("CDBG") CLOSE OUT FUNDS, AS SPECIFIED IN EXHIBIT "A", ATTACHED AND INCORPORATED, IN THE TOTAL AMOUNT OF $438,640.30; ALLOCATING SAID FUNDS AS STATED HEREIN; THE AMOUNT OF $40,000 TO MIAMI BAYSIDE FOUNDATION, INC. ("MBF") FOR TECHNICAL ASSISTANCE ACTIVITIES TO BUSINESSES, $50,000 TO THE DEPARTMENT OF GRANTS ADMINISTRATION FOR MATCH FOR ENVIRONMENTAL CLEANUP OF SITE LOCATED AT 1199 NORTHWEST 62ND STREET, MIAMI, FLORIDA AND $348,640.30 TO THE CITY OF MIAMI ("CITY"), DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT CDBG RESERVE ACCOUNT FOR FUTURE CITYWIDE CDBG ELIGIBLE ACTIVITIES; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS) IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE(S). 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: $438,640.30 Final Approvals (SIGN AND DATE) CIP Budget Agedir If using or receiving capital funds Grants Risk Management Dept. Director daffL City Manager Page 1 of 1 AGENDA ITEM SUMMARY FORM CONTINUED Background Information: Previous years' CDBG funds allocated to various agencies for program delivery and administration retained unused balances, in the amount of $438,640.30, as specified in Exhibit "A", attached and incorporated. The close out of these unused balances allows the Department of Community & Economic Development to recapture the funds to be used for other CDBG eligible activities. The MBF is a non-profit organization designed to advance economic development in the City of Miami through the support of minority businesses by providing technical assistance to local organizations and through the creation of programs and educational scholarships for minorities. The Department of Grants Administration is requesting $50,000 to match a grant they received from the State of Florida Department of Environmental Protection ("FDEP") via the Pre -Approved Advanced Cleanup Program for the environmental cleanup of contamination of the property located. at 1199 Northwest 62nd Street. It is a cost share grant with FDEP contributing 65% funding of each task leading toward cleanup of the site with an amount not to exceed $101,316.31 with payments made directly to the contractor. The Administration recommends the transfer of CDBG close out funds, as specified in Exhibit "A", attached and incorporated, in the total amount of $438,640.30; and allocating said funds as stated herein: the amount of $40,000 to MBF, for technical assistance activities to businesses, $50,000 to the Department of Grants Administration for environmental cleanup of the site located at 1199 Northwest 62nd Street, Miami, Florida and $348,640.30 to the City's Department of Community & Economic Development CDBG reserve account for future citywide .CDBG eligible activities.