HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #15414
Date: 01/16/2024
Commission Meeting Date: 02/22/2024
Requesting Department: Department of
Housing and Community Development
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Allocate Funds - CDBG Program Income
Purpose of Item:
Authorizing the city manager to allocate program income from community development
block grant ("cdbg") funds generated from October 1, 2023 to December 31, 2023, in
the amount of $77,540.85 for eligible housing and economic development activities, as
specified in exhibit "a," attached and incorporated; further authorizing the city manager
to negotiate and execute all the necessary documents, including amendments,
extensions, and modifications, all in a form acceptable to the city attorney, subject to all
federal, state and local laws that regulate the use of such funds, for said purpose.
Background of Item:
The Department of Housing and Community Development ("Department") receives
diverse 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 October 1, 2023, to December 31, 2023, the Department collected an amount of
$77,540.85 in Community Development Block Grant ("CDBG') Program Income.
Pursuant to CDBG regulations 24 CFR Part 570.504, Program Income amount must be
used for eligible CDBG activities.
The Department recommends allocating the Program Income funds to the activities
specified in Exhibit "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:
Total Fiscal Impact: $77,540.85
Reviewed B
Department of Community
Review Skipped
City Manager's Office
Office of Management and
Office of Management and
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
Office of the City Clerk
and Economic Development
01/17/2024 9:26 AM
Larry M. Spring
Budget Luis Hernandez -Torres
Budget Marie Gouin
Arthur Noriega V
Valentin J Alvarez
Raymond Pereira
Victoria Mendez
Nicole Ewan
City Clerk's Office
Carolina Aguila
Assistant City Manager Review
Budget Analyst Review
Budget Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Rendered
Department Head
Completed 01/31/2024 10:04 AM
Completed 01/31/2024 5:17 PM
Completed 01/31/2024 6:09 PM
Completed 02/05/2024 2:50 PM
Completed 02/06/2024 9:48 AM
Completed 02/08/2024 1:54 PM
Completed 02/12/2024 10:31 AM
Completed 02/22/2024 9:00 AM
Completed 02/26/2024 8:34 PM
City of Miami
Legislation
Resolution
Enactment Number: R-24-0067
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 15414 Final Action Date:2/22/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK
GRANT ("CDBG") FUNDS GENERATED FROM OCTOBER 1, 2023 TO DECEMBER
31, 2023, IN THE AMOUNT OF $77,540.85, 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, FOR SAID PURPOSE.
WHEREAS, the Department of Housing and Community Development ("Department")
receives diverse types of repayments from loans provided to developers and homeowners
("Program Income") that are required to be used for eligible program activities; and
WHEREAS, from October 1, 2023, to December 31, 2023, the Department collected an
amount of $77,540.85 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 allocating the Program Income funds
generated from October 1, 2023, to December 31, 2023, in the total amount of $77,540.85, 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 the Program Income funds generated from October 1, 2023,
to December 31, 2023, in the total amount of $77,540.85, to the eligible 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 a form 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: