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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #7856 Date: 09/09/2020 Commission Meeting Date: 10/22/2020 Requesting Department: Department of Housing and Community Development Sponsored By: District Impacted: All Type: Resolution Subject: Allocate Funds - Community Development Block Grant Purpose of Item: AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS GENERATED FROM FEBRUARY 1, 2020 TO JULY 31, 2020 IN THE AMOUNT OF $83,376.86 FOR ELIGIBLE HOUSING AND ECONOMIC DEVELOPMENT ACTIVITIES, AS SPECIFIED IN EXHIBIT "A" ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, ANY AND ALL DOCUMENTS INCLUDING AMENDMENTS, RENEWALS, EXTENSIONS, AND MODIFICATIONS, AS MAY BE NECESSARY FOR THE COMPLETION OF SAID ACTIVITIES, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS. Background of Item: The Department of Housing and Community Development ("Department") receives various types of repayments from loans provided to developers and homeowners in the past, such funds referred to as program income, are required to be used for eligible program activities. From February 1, 2020 to July 31, 2020, the Department of Housing and Community Development has collected an amount of 83,376.86 CDBG program income; 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 the program income from CDBG funds generated February 1, 2020 to July 31, 2020 in the amount of $83,376.86 for eligible housing and economic development activities, as specified in Exhibit "A" attached and incorporated. Budget Impact Analysis Item is NOT Related to Revenue Item is NOT funded by Bonds Item is an Expenditure Total Fiscal Impact: $83,376.86 Special Revenue Account No: 14001.910199.883000 (CDBG) 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 09/09/2020 9:34 AM Budget Rene Lazaro Hernandez Budget Christopher M Rose Sandra Bridgeman Arthur Noriega V 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 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 Department Head Completed Completed Completed Completed Completed Completed Completed Completed Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Completed 09/16/2020 12:59 PM 09/19/2020 9:18 AM 09/29/2020 1:41 PM 09/29/2020 2:57 PM 09/29/2020 3:00 PM 10/08/2020 3:45 PM 10/08/2020 3:50 PM 10/13/2020 2:13 PM 10/22/2020 9:00 AM 10/30/2020 5:09 PM 10/30/2020 5:13 PM 10/30/2020 5:15 PM City of Miami Legislation Resolution Enactment Number: R-20-0343 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 7856 Final Action Date:10/22/2020 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ALLOCATING PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS GENERATED FROM FEBRUARY 1, 2020 TO JULY 31, 2020 IN THE AMOUNT OF $83,376.86 FOR ELIGIBLE HOUSING AND ECONOMIC DEVELOPMENT ACTIVITIES, AS MORE PARTICULARLY SPECIFIED IN EXHIBIT "A," ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS, FOR SAID PURPOSE. WHEREAS, the Department of Housing and Community Development ("Department") receives various types of repayments from loans provided to developers and homeowners that are required to be used for eligible program activities ("Program Income"); and WHEREAS, from February 1, 2020 to July 31, 2020, the Department has collected an amount of $83,376.86 in Community Development Block Grant ("CDBG") Program Income; and WHEREAS, pursuant to CDBG regulation 24 CFR Part 570.504, Program Income must be used for eligible CDBG activities; and WHEREAS, the City's Administration recommends the allocation of the Program Income from CDBG funds generated February 1, 2020 to July 31, 2020 in the amount of $83,376.86 for eligible housing and economic development activities, as more particularly 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 Program Income from CDBG funds generated from February 1, 2020 to July 31, 2020 in the amount of $83,376.86 for eligible housing and economic development activities as 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, including amendments, extensions, and modifications, all in forms 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. acceptable to the City Attorney, subject to all federal, state, and local laws that regulate the use of such funds, for said purpose. 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 10/13/2020 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.