HomeMy WebLinkAboutSummary FormDate: 06/21/2016
AGENDA ITEM SUMMARY FORM
FILE ID: 16-00928
Law Department
Matter ID No.
Requesting Department: Community & Economic Development
Commission Meeting Date: 07/29/2016 District Impacted: 4
Type: Resolution n Ordinance n Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: ALLOCATION OF ("CDBG") ECONOMIC DEVELOPMENT, COMMERCIAL
REHABILITATION D-4
Purpose of Item:
AUTHORIZING THE ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS
("CDBG") IN THE AMOUNT OF $50,000 FROM THE D-4 ECONOMIC DEVELOPMENT,
COMMERCIAL REHABILITATION PROGRAM FUND; ALLOCATING SAID FUND TO LATIN
CHAMBER OF COMMERCE OF THE USA (CAMACOL) FOR COMMERCIAL REHABILITATION, AS
SPECIFIED IN ATTACHMENT A, AUTHORIZING THE CITY MANAGER TO EXECUTE ALL
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: $50,000
Final Approvals
(SIGN AND DATE)
CIP Budget C
Risk Manageme
Purchasing Dept. Director
Chief City Manager
If using 01
Grants
eceiving capital funds
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. 16-0279, adopted June 9, 2016, the Miami City Commission approved
the allocation of de -obligated Community Development Block Grant (CDBG) funds to Economic
Development activities in the total amount of $416,420.40 which include an amount of $50,000 to
Commercial Rehabilitation D-4.
The Commercial Rehabilitation program provides assistance to businesses in low and moderate
income communities for rehabilitation and elimination of code violations.
The City Administration recommends the allocation of CDBG funds in the amount of $50,000 from
the D-4 Economic Development, Commercial Rehabilitation program to CAMACOL, as specified in
Attachment "A".