HomeMy WebLinkAboutSummary FormFILE ID:
AGENDA ITEM SUMMARY FORM
15-00274
Law Department
Matter ID No.
Date: 02-24-2015 Requesting Department: Community & Economic Development
Commission Meeting Date: 03-26-2015 District Impacted: 1,2,3,4,5
Type: Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: CDBG Economic Development Final Allocation 2015-2016
Purpose of Item:
AUTHORIZING THE ALLOCATION OF PROGRAM YEAR 2015-2016, COMMUNITY
DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS, IN THE AMOUNT OF $1,800,190 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; AUTHORIZING THE CITY MANAGER TO EXECUTE THE
NECESSARY DOCUMENTS, FOR SAID PURPOSE.
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:
$1,800,190
Final Approvals
(SIGN AND DATE)
CIP Bud
Risk Management
Purchasing Dept. Director
Chief 3' l� /%'� City Manage
If using or receiving capital funds
Grants
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. R-15-0065, adopted February 26, 2015, the Miami City Commission
approved CDBG Program Year categories, allocating the projected amount of $2,407,516.65 for
Economic Development which includes an unallocated amount of $1,778,085.65.
On February 10, 2015, HUD posted the allocation of CDBG funds for the City in the amount of
$4,768,648 resulting in an increase of $22,127 in Economic Development fora total unallocated
amount of $1,800,190 in the Economic Development category.
The Administration recommends the allocation of Program Year 2015-2016 CDBG funds, in the
amount of $1,800,190 in the Economic Development category, to the agencies and activities
specified in Attachment "A," attached and incorporated, for Economic Development activities in the
program year 2015-2016.