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Home My WebLink AboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #5559 Date: 03/05/2019 Commission Meeting Date: 04/11/2019 Type: Resolution Subject: Allocate - CDBG Program Income Purpose of Item: Requesting Department: Department of Housing and Community Development Sponsored By: District Impacted: All AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG') FUNDS, GENERATED FROM OCTOBER 1, 2018 TO JANUARY 30, 2019 IN THE AMOUNT OF $820,018.52 TO THE CATEGORIES SPECIFIED IN ATTACHMENT "A", ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL THE NECESSARY DOCUMENT TO COMPLETE THE TRANSACTION FOR THE SPECIFIED AMOUNTS, FOR SAID PURPOSE(S). Background of Item: The Department of Housing and Community Development ("Department") receives various types of repayments from loans provided to developers and homeowners, referred to as program income that are required to be used for eligible program activities. From October 1, 2018 to January 30, 2019, the Department collected $820,018.52 in Community Development Block Grant ("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 program income generated October 1, 2018 to January 30, 2019 in the total amount of $820,018.52 to the activities specified in Attachment "A" attached and incorporated, which are eligible CDBG activities. Budget Impact Analysis Item is NOT Related to Revenue Item has NOT an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: $820,018.52 Special Revenue Account No: TO BE DETERMINED 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 Reviewed B and Economic Development 03/06/2019 3:45 AM Budget Luis Hernandez -Torres Budget Christopher M Rose Sandra Bridgeman Nikolas Pascual Valentin J Alvarez Richard Appleton Barnaby L. Min Victoria Mendez Nicole Ewan Mayor's Office City Clerk's Office City Clerk's Office George Mensah Department Head Budget Analyst Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review ACA Review Deputy City Attorney Review Approved Form and Correctness Meeting Signed by the Mayor Signed and Attested by the City Rendered Clerk Completed Completed 03/11/2019 12:05 PM Completed 03/11/2019 4:56 PM Completed 03/22/2019 11:26 AM Completed 03/22/2019 12:02 PM Completed 03/22/2019 1:39 PM Completed 03/25/2019 12:18 PM Completed 03/25/2019 5:14 PM Completed 03/25/2019 6:04 PM Completed 04/11/2019 9:00 AM Completed 04/22/2019 3:42 PM 04/22/2019 3:57 PM Completed 04/22/2019 3:57 PM City of Miami Legislation Resolution Enactment Number: R-19-0138 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 5559 Final Action Date:4/11/2019 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 OCTOBER 1, 2018 TO JANUARY 30, 2019, IN THE AMOUNT OF $820,018.52 TO THE CATEGORIES SPECIFIED IN ATTACHMENT "A," ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO COMPLETE THE TRANSACTION FOR THE SPECIFIED AMOUNTS, FOR SAID PURPOSE(S). WHEREAS, the Department of Housing and Community Development ("Department") receives various types of repayments from loans provided to developers and homeowners, referred to as program income, that are required to be used for eligible program activities; and WHEREAS, from October 1, 2018 to January 30, 2019, the Department collected $820,018.52 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 Department recommends the allocation of the program income generated from October 1, 2018 to January 30, 2019, in the total amount of $820,018.52 to the activities specified in Attachment "A," attached and incorporated, which are eligible CDBG activities; 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 CDBG program income generated from October 1, 2018 to January 30, 2019, in the amount of $820,018.52 to the categories specified in Attachment "A," attached and incorporated, is authorized. Section 3. The City Manager is authorized' to negotiate and execute any and all necessary documents, all in a form acceptable to the City Attorney, to complete the transaction for the specified amounts for said purpose(s). 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 Code provisions. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: ndez, City Attor ey 3/25/2019 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.