HomeMy WebLinkAboutSummary FormDate: 04/12/2013
AGENDA ITEM SUMMARY FORM
FILE ID: ) 3 — bo3?3
Law Department
Matter ID No.
13-654
Requesting Department: Community & Economic Development
Commission Meeting Date: 05/09/2013 District Impacted: 1,2,3,4,5
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT CLOSE-OUT
AND DE -OBLIGATED FUNDS
Purpose of Item:
AUTHORIZING THE ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG")
CLOSE OUT AND DE -OBLIGATION OF FUNDS, AS SPECIFIED IN EXHIBIT "A", ATTACHED AND
INCORPORATED, IN THE TOTAL AMOUNT OF $948,780.64; ALLOCATING SAID FUNDS 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?
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 Budge
If using or receiving capital funds a„
Grants :RiskManagement
r ET !Dept Director
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Previous years' CDBG funds allocated to various agencies for program delivery and administrations
retained unused balances or are unable to use the funds in a timely manner, in the amount of
$948,780.64, as specified in Exhibit "A", attached and incorporated.
The close out and de -obligation of these funds allows the Department of Community & Economic
Development to recapture the funds to be used for other CDBG eligible activities.
The Administration recommends the transfer of CDBG close out and de -obligated funds, as specified
in Exhibit "A", attached and incorporated, in the total amount of $948,780.64; and allocating said
funds to the City's Department of Community & Economic Development CDBG reserve account for
future citywide CDBG eligible activities.