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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: /off-blyi3 Date: 12/07/2012 Commission Meeting Date: 01/10/2013 District Impacted: 3 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance n Discussion Item Law Department Matter ID No. Requesting Department: Community & Economic Development ❑ Other Subject: ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS TO DISTRICT 3 COMMUNITY CENTER PROJECT Purpose of Item: AUTHORIZING THE ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS FROM THE. CITY OF MIAMI ("CITY") DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT DISTRICT 3 RESERVE ACCOUNT TO THE DISTRICT 3 COMMUNITY CENTER PROJECT ("CCP") IN THE ADDITIONAL AMOUNT OF $300,000 FOR THE PURCHASE AND DEVELOPMENT OF THE SITE LOCATED AT 1320 SOUTHWEST 12TH AVENUE, MIAMI, FLORIDA; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS FOR SAID PURPOSE(S). Background Information: Please see attached I. 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: $300,000 Final Approvals SIGN AND DATE CIP Budget `' If using or:receiving capital funds Grants Risk Management PurchasiDept. Direct City Manager Page 1 of 1 AGENDA ITEM SUMMARY FORM CONTINUED Background Information: Pursuant to Resolution No. 10-0087, adopted February 25, 2010, the Miami City Commission authorized the allocation of $1,000,000 in CDBG funds to CIP for the reconstruction of the District 3 CCP. The District has identified an adjacent property currently under foreclosure that can be used to enhance the development of the Community Center. The Administration recommends the transfer of CDBG funds in the additional amount of $300,000 from City's Department of Community and Economic Development District 3 Reserve account for the purchase and development of the site located at 1320 Southwest 12th Avenue, Miami, Florida; in . accordance with CDBG regulations.