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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: 14-00164 Date: 03/25/2014 Commission Meeting Date: 05/08/2014 Law Department Matter ID No. Requesting Department: Community & Economic Development District Impacted: 1,2,3,4,5 Type: ® Resolution I I Ordinance n Emergency Ordinance I I 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 AMOUNT OF $ 319,292, IN THE PUBLIC SERVICE CATEGORY WHICH INCLUDE PRIOR YEAR PROGRAM INCOME, 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: $319,292 Final Approvals (SIGN AND DATE) CIP Budge If using or receiving capital funds Grants. ... a ... Risk Management PurDept. 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. On February 27, 2014 pursuant to Resolution No. R-14-0057 The Miami City Commission approved allocation of funds to public services agencies which include a reserve amount of $255,745. On March 18th, 2014, HUD posted the allocation of CDBG funds for the City in the amount of $4,734,641 resulting in additional $63,547 in public service for a total unallocated amount of $319,292 in the public service category. The Administration recommends the allocation for 2014-2015 Program Year CDBG funds, in the amount of $319,292 in the Public Service category, to the agencies specified in Attachment "A", attached and incorporated, for Public Service activities beginning April 1, 2014.