HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 16-00143
Date: 01-15-2016
Commission Meeting Date: 03-11-2016
Type: X Resolution
II
Other
Ordinance
Law Department
Matter ID No.
Requesting Department: Community & Economic Development
District Impacted: 1,2,3,4,5
Emergency Ordinance Discussion Item
Subject: CDBG Funding: Economic Development 2016-2017
Purpose of Item:
AUTHORIZING THE ALLOCATION OF PROGRAM YEAR 2016-2017, COMMUNITY
DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS, IN THE AMOUNT OF $2,663,046 AND
THE AMOUNT OF $36,575 FROM PRIOR YEAR PROGRAM INCOME, FOR A TOTAL OF
$2,699,621 IN THE ECONOMIC DEVELOPMENT CATEGORY, TO THE AGENCIES
SPECIFIED IN ATTACHMENT "A," ATTACHED AND INCORPORATED, FOR ECONOMIC
DEVELOPMENT ACTIVITIES IN THE PROGRAM YEAR 2016-2017; AUTHORIZING THE CITY
MANAGER TO EXECUTE THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO
THE CITY ATTORNEY, 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
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
$2,699,621
Final Approvals
(SIGN AND DATE)
CIP Budget
If using or receiving capital funds
Grants Risk Management
Purchasing Dept. Director
Chief City Manager
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No, R-16-0035, adopted January 28, 2016, the Miami City Commission
approved CDBG Program Year categories, allocating the amount of $2,699,621.20 for Economic
Development category,
On February 16, 2016, HUD posted the City's CDBG allocation which result in a reduction of
$36,575.00 in the economic development category as approved pursuant to Resolution No, R-15-
0035.
To ensure that no agency's allocation is reduced, Department of Community and Economic
Development recommends the transfer of additional $36,575.00 from prior year program income to
the 2016-2017 economic development category.
The City Administration recommends the allocation of Program Year 2016-2017 CDBG funds, from
HUD entitlement grants fund in the amount of $2,663,046 and the amount of $36,575 from prior year
program income, for the total amount of $2,699,621 in the economic development category, to the
agencies specified in Attachment "A," attached and incorporated, for economic development
activities in the program year 2016-2017.