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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #10785 Date: 09/23/2021 Commission Meeting Date: 10/14/2021 Type: Resolution Subject: Allocate - CDBG Program Income Purpose of Item: Requesting Department: Department of Housing and Community Development Sponsored By: District Impacted: All RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S) AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG') FUNDS GENERATED FROM FEBRAURY 1, 2021 TO AUGUST 31, 2021 IN THE AMOUNT OF $182,617.11 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 COMPLETE THE TRANSACTION FOR THE SPECIFIED AMOUNT, 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 in the past, such funds referred to as program income, are required to be used for eligible program activities. From February 1, 2021 to August 31, 2021, the Department of Housing and Community Development has collected an amount of $182,617.11 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 generated from February 1, 2021 to August 31, 2021, in the total amount of $182,617.11 to the activities specified in Exhibit "A" attached and incorporated, which are eligible CDBG activities. Budget Impact Analysis Item is an Expenditure Item is NOT Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: $182,617.11 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 Legislative Division City Manager's Office 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 09/23/2021 12:28 PM Budget Luis Hernandez -Torres Budget Leon P Michel Fernando Casamayor Valentin J Alvarez Arthur Noriega V Richard Appleton Barnaby L. Min Victoria Mendez Maricarmen Lopez City Clerk's Office George Mensah Budget Analyst Review Budget Review Assistant City Manager Review Legislative Division Review City Manager Review ACA Review Deputy City Attorney Review Approved Form and Correctness Meeting Rendered Department Head Completed 09/24/2021 12:36 PM Completed 09/27/2021 10:07 AM Completed 09/27/2021 10:37 PM Completed 09/28/2021 10:31 AM Completed 10/01/2021 12:28 PM Completed 10/04/2021 1:32 PM Completed 10/04/2021 1:37 PM Completed 10/04/2021 3:06 PM Completed 10/14/2021 9:00 AM Completed 10/19/2021 5:39 PM City of Miami Legislation Resolution Enactment Number: R-21-0423 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 10785 Final Action Date:10/14/2021 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ALLOCATING PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS GENERATED FROM FEBRUARY 1, 2021 TO AUGUST 31, 2021 IN THE AMOUNT OF $182,617.11 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 ("HCD") receives various types of repayments from loans provided to developers and homeowners; and WHEREAS, from February 1, 2021 to August 31, 2021, HCD collected $182,617.11 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, HCD recommends the allocation of the program income generated from February 1, 2021 to August 31, 2021 in the total amount of $182,617.11 to the activities specified in Exhibit "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 February 1, 2021 to August 31, 2021 in the amount of $182,617.11 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 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: