HomeMy WebLinkAboutSummary FormDate: 10/07/2013
AGENDA ITEM SUMMARY FORM
FILE ID: r3-o‘��
Requesting Department: Community & Economic Development
Law Department
Matter ID No.
Commission Meeting Date: 11/21/2013 District Impacted: 1, 2, 3, 4, 5
Type: ® Resolution 111 Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: CHANGING THE MAXIMUM SUBSIDY AMOUNT FOR THE SINGLE FAMILY
REHABILITATION PROGRAM
Purpose of Item:
AUTHORIZING THE SINGLE FAMILY REHABILITATION PROGRAM MAXIMUM SUBSIDY AMOUNT
TO CHANGE FROM $35,000 TO UP TO A MAXIMUM OF $50,000, AS INDICATED IN EXHIBIT "A",
ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE THE
NECESSARY DOCUMENTS FOR SAID PURPOSE.
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:
CIP
Final Approvals
SIGN AND DATE
Budg
Risk Management ,
Dept. Director=
City Manager
If using or receiving capital funds
Grants
Purchasj
Chie
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. 05-0623, adopted November 3, 2005, the Miami City Commission
approved the change in the Single Family Rehabilitation Program maximum amount from an amount
not to exceed $30,000 to an amount not to exceed $35,000.
The Department of Community and Economic Development has requested the increase in subsidy
due to an increase in the cost of materials, the high levels of need within the existing housing
community and the difficulty in attracting contractors since the County and other municipalities have
higher limits.
The Administration recommends the Single Family Rehabilitation Program maximum subsidy amount
to change from $35,000 to an amount not to exceed $50,000, as indicated in Exhibit "A", attached
and incorporated.