HomeMy WebLinkAboutSummary FormDate: 07/14/2015
AGENDA ITEM SUMMARY FORM
FILE ID: 15-00992
Law Department
Matter ID No.
Requesting Department: Community & Economic Development
Commission Meeting Date: 09/10/2015 District Impacted: 4
Type: Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG")
FUNDS TO "CAMACOL"
Purpose of Item:
AUTHORIZING THE TRANSFER OF PROGRAM YEAR 2015-2016 COMMUNITY DEVELOPMENT
BLOCK GRANT ("CDBG") FUNDS IN THE AMOUNT OF $150,000 FROM CITY OF MIAMI, PARK
ACQUISITION - DISTRICT 4, PUBLIC FACILITY AND IMPROVEMENT; ALLOCATING SAID FUNDS
TO LATIN CHAMBER OF COMMERCE OF UNITED STATES OF AMERICA ("CAMACOL") AS
SPECIFIED IN ATTACHMENT "A", ATTACHED AND INCORPORATED, FOR COMMERCIAL
FACADE IMPROVEMENT ACTIVITIES IN DISTRICT 4; AUTHORIZING THE CITY MANAGER TO
EXECUTE THE NECESSARY DOCUMENTS, FOR SAID PURPOSE(S).
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:
CIP
If using ar receiving e4pital funds
Grants
$150,000
Final Approvals
(SIGN AND DATE)
Budge
Risk Management
Purchasing
t f kit44
Dept. Director
City Manage
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution Number 15-0141, adopted March 26, 2015, the Miami City Commission
approved the allocation of Program Year 2015-2016 CDBG funds in an amount of $1,800,190; which
included an amount of $169,932 to the City of Miami, park acquisition in District 4.
Under the commercial facade improvement project, eligible business received up to $10,000 for
facade improvement. The business are required to match up to 15% of the City's contribution.
The district wishes to use the funds for Commercial Facade Improvement activities in the district.
There are two other districts, Districts 1 and 5 that offers the facade program this year.
The Administration recommends the transfer of funds in the amount of $150,000 from the City of
Miami, park acquisition, District 4, to Latin Chamber of Commerce of United States of America
("CAMACOL") for the implementation of the City of Miami's Commercial Facade Improvement
activities as described in Attachment "A".