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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #3778 Date: 03/09/2018 Commission Meeting Date: 04/12/2018 Requesting Department: Department of Community and Economic Development Sponsored By: District Impacted: All Type: Resolution Subject: Authorize Allocation of CDBG Program Income Funds Purpose of Item: AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS GENERATED FROM SEPTEMBER 1 Sr 2017 TO JANUARY 31ST, 2018 IN THE AMOUNT OF $361,620.87 TO THE CATEGORIES SPECIFIED IN ATTACHMENT "A", ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY. Background of Item: The Department of Community and Economic Development receives various types of repayments from loans provided to developers and homeowner in the past. Such funds, referred to as program income, are required to be used for eligible program activities. Between September 1st, 2017 to January 31st, 2018 the Department of Community and Economic Development has collected an amount of $361,620.87 in CDBG program income. Pursuant to CDBG regulations 24 CFR Part 570.504, program income must be used for eligible CDBG activities. The City Administration recommends the allocation of the total program income from CDBG funds generated from September 1st, 2017 to January 31st, 2018 in the amount of $361,620.87 to the categories specified in Attachment "A", attached and incorporated. Budget Impact Analysis Item has NOT an Expenditure Item is NOT funded by Bonds Item is NOT Related to Revenue Total Fiscal Impact: $361,620.87 Reviewed B Department of Community Review Completed Office of Management and Office of Management and City Manager's Office City Manager's Office Legislative Division Office of the City Attorney Office of the City Attorney Office of the City Attorney City Commission Office of the Mayor Office of the City Clerk Office of the City Clerk and Economic Development 03/14/2018 11:18 AM Budget Luis Hernandez -Torres Budget Christopher M Rose Fernando Casamayor Nzeribe Ihekwaba Valentin J Alvarez Richard Appleton Barnaby L. Min Victoria Mendez Maricarmen Lopez Mayor's Office City Clerk's Office City Clerk's Office George Mensah Department Head Budget Analyst Review Completed Budget Review Completed Assistant City Manager Review Completed City Manager Review Completed Legislative Division Review Completed ACA Review Completed Deputy City Attorney Review Completed Approved Form and Correctness Completed Meeting Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Completed 03/14/2018 4:50 PM 03/15/2018 6:05 AM 03/19/2018 4:22 PM 03/20/2018 5:44 AM 03/20/2018 10:49 AM 03/20/2018 11:15 AM 03/20/2018 2:14 PM 03/20/2018 2:56 PM 04/12/2018 9:00 AM 04/19/2018 6:19 PM 04/19/2018 6:42 PM 04/19/2018 6:42 PM City of Miami Legislation Resolution Enactment Number: R-18-0139 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 3778 Final Action Date:4/12/2018 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS GENERATED FROM SEPTEMBER 1, 2017 TO JANUARY 31, 2018 IN THE AMOUNT OF $361,620.87 TO THE CATEGORIES SPECIFIED IN ATTACHMENT "A," ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE(S). WHEREAS, between September 1, 2017 and January 31, 2018, the Department of Community and Economic Development has collected $361,620.87 in Community Development Block Grant ("CDBG") program income; and WHEREAS, pursuant to CDBG regulations 24 CFR Part 570.504, program income must be used for eligible CDBG activities; and WHEREAS, the City Administration recommends the allocation of the total program income from CDBG funds generated from September 1, 2017 to January 31, 2018 in the amount of $361,620.87 to the categories specified in Attachment "A," attached and incorporated; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The allocation of program income from CDBG funds generated from September 1, 2017 to January 31, 2018 in the amount of $361,620.87 to the categories specified in Attachment "A," attached and incorporated, is authorized.' Section 3. The City Manager is authorized' to execute any and all necessary documents, in a form acceptable to the City Attorney, for said purpose(s). Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 1 The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to, those prescribed by applicable City Charter and City Code provisions. 2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. APPROVED AS TO FORM AND CORRECTNESS: