Loading...
HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #8721 Date: 03/09/2021 Commission Meeting Date: 04/22/2021 Requesting Department: Department of Housing and Community Development Sponsored By: District Impacted: All Type: Resolution Subject: Allocate - Eligible Housing and Economic Development Activities Purpose of Item: RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S) AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS GENERATED FROM AUGUST 1, 2020 TO JANUARY 31, 2021 IN THE AMOUNT OF $139,770.27 FOR ELIGIBLE HOUSING AND ECONOMIC DEVELOPMENT ACTIVITIES, AS SPECIFIED IN EXHIBIT "A" ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO IMPLEMENT SAID ALLOCATION. 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 August 1, 2020 to January 31, 2021, the Department of Housing and Community Development has collected an amount of $139,770.27 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 Department recommends the allocation of the program income from CDBG funds generated August 1, 2020 to January 31, 2021 in the amount of $139,770.27 for eligible housing and economic development activities, as specified in Exhibit "A" attached and incorporated. Budget Impact Analysis Item has NOT an Expenditure Item is an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: $139,770.27 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 City Clerk Reviewed B and Economic Development 03/09/2021 9:09 AM Budget Luis Hernandez -Torres Budget Leon P Michel Fernando Casamayor Arthur Noriega V Valentin J Alvarez Richard Appleton Barnaby L. Min Victoria Mendez Nicole Ewan 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 Rendered Department Head Completed 03/10/2021 12:59 PM Completed 03/11/2021 9:43 AM Completed 03/16/2021 5:04 PM Completed 03/22/2021 10:03 PM Completed 03/23/2021 12:05 PM Completed 03/29/2021 7:42 PM Completed 03/30/2021 7:54 AM Completed 03/30/2021 4:53 PM Completed 04/22/2021 9:00 AM Completed 04/27/2021 3:47 PM City of Miami Legislation Resolution Enactment Number: R-21-0167 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 8721 Final Action Date:4/22/2021 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ALLOCATING PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS GENERATED FROM AUGUST 1, 2020 TO JANUARY 31, 2021 IN THE AMOUNT OF $139,770.27 FOR ELIGIBLE HOUSING AND ECONOMIC DEVELOPMENT ACTIVITIES SPECIFIED IN EXHIBIT "A," ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN FORMs ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. WHEREAS, the Department of Housing and Community Development ("Department") periodically receives various types of repayments from loans provided to developers and homeowners ("Funds"); and WHEREAS, from August 1, 2020 to January 31, 2021, the Department has collected an amount of $139,770.27 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 Department recommends the allocation of the CDBG program income that was generated from August 1, 2020 to January 31, 2021 in the amount of $139,770.27 for eligible housing and economic development activities 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 August 1, 2020 to January 31, 2021 in the amount of $139,770.27 for eligible housing and economic development activities 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 forms acceptable to the City Attorney, for said purpose. Section 4. This Resolution shall become effective immediately upon its adoption. 1 The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to those prescribed by applicable City Charter and City Code provisions. APPROVED AS TO FORM AND CORRECTNESS: