HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 15-00180
Date: 02-02-2015
Commission Meeting Date: 03-12-2015
Law Department
Matter ID No.
Requesting Department: Community & Economic Development
District Impacted: 1,2,3,4,5
Type: // Resolution Ordinance — Emergency Ordinance Discussion Item
Other
Subject: CDBG Program Income 2014-2015
Purpose of Item:
AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM COMMUNITY
DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS GENERATED FROM APRIL 1ST,2014 TO
JANUARY 31ST,2015, IN THE APPROXIMATE AMOUNT OF $ 500,000 TO THE CATEGORIES
SPECIFIED IN ATTACHMENT "A", ATTACHED AND INCORPORATED; AUTHORIZING THE CITY
MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS FOR SAID PURPOSE(S).
Background Information:
See attachment
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: $500,000
Final Approvals
(SIGN AND DATE).
CIP Budget Z .. /I
If using or receiving capital funds
Grants
Risk Management
Purchasing Dept. Director
City Manager
Chief
3,81 5
Page 1 of 1
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Between April 1st, 2014 to January 31st, 2015, the Department of Community and Economic
Development has collected an approximate amount of $500,000 in CDBG program income.
On July 24, 2014 by Resolution No.14-0307 the Miami City Commission allocated $75,000 in CDBG
program income to Miami Dade Community College for the rehabilitation of the Tower Theatre.
On February 26th, 2015, pursuant to Resolution: R-15- OO + an amount of $75,000 in CDBG
program income was allocated for Public Service Activities for the 2015-2016 program year.
The Administration recommends the allocation of the remaining program income from CDBG funds
generated from April 1st,2014 to January 31st,2015 in the approximate amount of $500,000 to the
categories specified in Attachment "A".