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HomeMy WebLinkAboutSummary FormDate: 01/14/2014 AGENDA ITEM SUMMARY FORM FILE ID: I'"!- 000'M Law Department Matter ID No.' Requesting Department: Community & Economic Development Commission Meeting Date: 02/27/2014 District Impacted: 1,2,3,4,5 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: CDBG Funding: Public Service 2014-2015 Purpose of Item: AUTHORIZING THE ALLOCATION FOR PROGRAM YEAR 2014-2015 COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS, IN THE PROJECTED AMOUNT FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") ENTITLEMENT GRANTS FUNDS IN THE AMOUNT OF $646,649 AND THE PROJECTED AMOUNT OF $112,500 FROM PREVIOUS YEARS PROGRAM INCOME, FOR A TOTAL PROJECTED AMOUNT OF $759,149, IN THE PUBLIC SERVICE CATEGORY, TO THE AGENCIES SPECIFIED IN ATTACHMENT "A", ATTACHED AND INCORPORATED, FOR PUBLIC SERVICE ACTIVITIES BEGINNING APRIL 1, 2014; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENT 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: $759,149 CIP Final Approvals (SIGN AND DATE) Budge If using or receiving capital funds Grants Risk Management Dept. Director City Manager Page 1 of 1 AGENDA ITEM SUMMARY FORM CONTINUED Background Information: The U.S. Department of Housing and Urban Development ("HUD") has yet to release the final Community Planning and Development Program Formula Allocations for FY2014, as such, the amount of CDBG funds being recommended is a projection. Pursuant to Resolution No. R-13-0483, adopted December 12, 2013, the Miami City Commission approved CDBG Program Year categories, allocating the projected amount of $646,649 and the projected amount of $112,500 from previous years Program Income, for a total projected amount of $759,149 in the Public Service category. The funding allocation account may need to be adjusted proportionately once HUD confirms the final CDBG formula allocation for Program Year 2014-2015. The Administration recommends the allocation for 2014-2015 Program Year CDBG funds, from HUD entitlement grants funds in the amount of $646,649 and the projected amount of $112,500 from previous years Program Income, for a total projected amount of $759,149 in the Public Service category, to the agencies specified in Attachment "A",attached and incorporated; for Public Service activities beginning April 1, 2014. The funding allocation to such activities as specified in Attachment "A", may need to be prorated once HUD confirms the final CDBG Public Service formula allocation.