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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: 15-00075 Date: 01/06/2015 Commission Meeting Date: 02-26-2015 Law Department Matter ID No. Requesting Department: Community & Economic 1D velopment District Impacted: 1,2,3,4,5 Type: / Resolution ❑ ordinance El Emergency Ordinance Discussion Item E Other Subject: CDBG- Funding: Public Service 2015-2016 Purpose of Item: 4111111111111.1W..,--- AUTHORIZING THE ALLOCATION FOR PROGRAM YEAR 2015-2016 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 $710,196.15 AND THE PROJECTED .AMOUNT OF $75,000 FROM PREVIOUS YEARS PROGRAM INCOME, FOR A TOTAL PROJECTED AMOUNT OF $785,196.15, IN THE PUBLIC SERVICE CATEGORY, TO THE AGENCIES SPECIFIED IN ATTACHMENT "A", ATTACHED AND INCORPORATED, FOR PUBLIC SERVICE ACTIVITIES BEGINNING APR1L 1, 2015; 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 CJP Project No: NO Is this items funded. by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: $7$5,196.1.5 Final Approvals (SIGN AND DATE) CIP Budge If using or rooelying oupltal funds Grants Risk Management Purchasing Dept. Director Chief City Manage 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 FY2015, as such; the amount of CDBG funds being recommended is a projection. Pursuant to Resolution No, R- , adopted February 26, 2015, the Miami City Commission approved CDBG Program Year categories, allocating the projected amount of $710,196.15 and the projected amount of $75,000 from previous years Program Income., for a total projected amount of $785,196,15 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 2015-2016. The Administration, recommends the allocation for 2015-2016 Program Year CDBG funds, from HUD entitlement grants funds in the amount of.$710,196.15 and the projected amount of $75,000 from previous years Program Income, for a total amount of $785,196•,15 in the Public Service category, to the agencies specified in Attachment "A", attached and incorporated, for Public Service activities beginning April 1, 2015. 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,