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HomeMy WebLinkAboutSummary FormDate: 11/08/2013 AGENDA ITEM SUMMARY FORM FILE ID: 15-01351 Law Department Matter ID No. Requesting Department: Community & Economic Development Commission Meeting Date: 12/12/2013 District Impacted: 4 Type: /1 Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS TO ACTION CENTER FOR COLLEGE EDUCATIONAL SERVICES AND SCHOLARSHIP FOUNDATION Purpose of Item: AUTHORIZING THE CITY MANAGER TO ALLOW COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS ORIGINALLY ALLOCATED TO GREATER MIAMI CHAMBER OF COMMERCE, INC. TO BE CHANGED TO ACTION CENTER FOR COLLEGE EDUCATIONAL SERVICES AND SCHOLARSHIP FOUNDATION FOR THE CONSTRUCTION OF A BUSINESS CENTER AT MIAMI NORTHWESTERN HIGH SCHOOL; 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: $50,000 Final Approvals (SIGN AND DATE) CIP Budget Risk Management Pur si `g Dept. Director City Manager Page 1 of 1 If using or receiving capital funds Grants AGENDA ITEM SUMMARY FORM CONTINUED Background Information: Pursuant to Resolution No. 13-0140, adopted April 11, 2013, the Miami City Commission approved the allocation of District 4 CDBG Economic Development Reserve account funds in the amount of $50,000 to Greater Miami Chamber of Commerce, Inc. for the construction of a business center at Miami Northwestern High School. The Administration recommends to allow CDBG funds originally allocated to Greater Miami Chamber of Commerce, Inc. to be changed to Action Center for College Educational Services and Scholarship Foundation.