HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #6812
Date: 11/14/2019
Commission Meeting Date: 12/12/2019
Requesting Department: Department of
Housing and Community Development
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Allocate Funds - Community Development Block Grant - Overtown Development
Group
Purpose of Item:
AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM COMMUNITY
DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS IN THE AMOUNT OF $544,845.98
TO THE CATEGORIES SPECIFIED IN ATTACHMENT "A" ATTACHED AND
INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE, ANY AND
ALL NECESSARY DOCUMENTS TO COMPLETE THE TRANSACTION FOR THE
SPECIFIED AMOUNT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR
SAID PURPOSE.
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.
The Department has received a loan payment in an amount of $544,845.98 in
Community Development Block Grant ("CDBG") program income from Overtown
Development Group, Inc. for the properties located at 100 NW 11 Street; 134 NW 11
Street; 1027 NW 1st Court; 1039 NW 1st Court; 1603 NW 1st Court, Miami, FL 33128;
and
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 program income in the amount of
$545,845.98 for the loan payment from Overtown Development Group, Inc. for the
properties located at 100 NW 11 Street; 134 NW 11 Street; 1027 NW 1st Court; 1039
NW 1st Court; 1603 NW 1st Court, Miami, FL 33128, to the categories specified in
Attachment "A".
Budget Impact Analysis
Item has NOT an Expenditure
Item is NOT Related to Revenue
Item is NOT funded by Bonds
Total Fiscal Impact:
$544,845.98
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
11/14/2019 8:55 AM
Budget Luis Hernandez -Torres
Budget Christopher M Rose
Sandra Bridgeman
Nikolas Pascual
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
Budget Review
Assistant City Manager Review
City Manager Review
Legislative Division Review
ACA Review
Deputy City Attorney Review
Approved Form and Correctness
Meeting
Unsigned by the Mayor
Signed and Attested by the City
Rendered
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Clerk Completed
Completed
11/18/2019 11:53 AM
11/20/2019 1:53 PM
11/20/2019 2:01 PM
11/20/2019 2:42 PM
11/21/2019 11:00 AM
11/25/2019 12:56 PM
11/25/2019 1:01 PM
11/26/2019 5:20 PM
12/12/2019 9:00 AM
12/23/2019 5:42 PM
12/23/2019 5:43 PM
12/23/2019 5:43 PM
City of Miami
Legislation
Resolution
Enactment Number: R-19-0500
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 6812 Final Action Date:12/12/2019
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK
GRANT ("CDBG") FUNDS IN THE AMOUNT OF $544,845.98 TO THE CATEGORIES
SPECIFIED IN EXHIBIT "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, FOR SAID
PURPOSE.
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, the Department has received a loan payment in an amount of $544,845.98
in Community Development Block Grant ("CDBG") program income from Overtown
Development Group, Inc., a Florida For Profit Corporation ("Overtown Development"), for the
properties located at 100 Northwest 11 Street, 134 Northwest 11 Street, 1027 Northwest 1
Court, 1039 Northwest 1 Court, and 1603 Northwest 1 Court, Miami, Florida (collectively,
"Properties"); and
WHEREAS, pursuant to CDBG regulation 24 CFR Part 570.504, program income must
be used for eligible CDBG activities; and
WHEREAS, the City of Miami's Administration recommends the allocation of program
income in the amount of $544,845.98 from the loan payment from Overtown Development for
the Properties to the categories specified in Exhibit "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 CDBG program income in the amount of $544,845.98 to the
categories specified in Exhibit "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, for said purpose.
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.
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 11/2672019
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.