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HomeMy WebLinkAboutR-15-0065City of Miami Legislation Resolution: R-15-0065 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 15-00077 Final Action Date: 2/26/2015 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS, FOR PROGRAM YEAR 2015-2016, FOR ECONOMIC DEVELOPMENT ACTIVITIES, IN THE PROJECTED AMOUNT OF $2,407,516.65, TO THE AGENCIES SPECIFIED IN ATTACHMENT "A," ATTACHED AND INCORPORATED, FOR ECONOMIC DEVELOPMENT ACTIVITIES IN THE PROGRAM YEAR 2015-2016; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. WHEREAS, the United States Department of Housing and Urban Development ("HUD") has yet to release the final Community Planning and Development Program Formula Allocations for Program Year 2015, and as such, the amount of Community Development Block Grant ("CDBG") Economic Development funds being recommended is a projection; and WHEREAS, pursuant to a resolution adopted on February 26, 2015, the Miami City Commission approved CDBG Program Year categories allocating the projected amount of $2,407,516.65 for Economic Development; and WHEREAS, the funding allocation account may vary from $2,407,516.65, and the City Administration will adjust the allocation proportionally once HUD confirms the final CDBG formula allocation for Program Year 2015-2016; and WHEREAS, the City of Miami Administration recommends the allocation of CDBG funds for Program Year 2015-2016, in the projected amount of $2,407,516.65, in the Economic Development category, to the agencies specified in Attachment "A," attached and incorporated, for economic development activities in the program year 2015-2016; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as fully set forth in this Section. Section 2. The allocation of Program Year 2015-2016 CDBG funds, in the projected amount of $2,407,516.65, in the Economic Development category, to the agencies specified in Attachment "A," attached and incorporated, for economic development activities in the program year 2015-2016, is authorized. Section 3. These allocations will be adjusted in direct proportion to the actual allocation of CDBG funds provided by HUD for the 2015-2016 Program Year. City of Miami Page 1 of 2 File Id: 15-00077 (Version: 11 Printed On: 2/5/2018 File Number: 15-00077 Enactment Number: R-15-0065 Section 4. The City Manager is authorized{1} to execute the necessary documents, in a form acceptable to the City Attorney, for said purpose. Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. {2} Footnotes: {1} The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to, those prescribed by applicable City Charter and Code provisions. {2} If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 File Id: 15-00077 (Version: 1) Printed On: 2/5/2018