HomeMy WebLinkAboutR-24-0067City of Miami
Resolution R-24-0067
Legislation
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.
City of Miami Page 1 of 2 File ID: 15414 (Revision: A) Printed On: 7/22/2025
File ID: 15414 Enactment Number: R-24-0067
APPROVED AS TO FORM AND CORRECTNESS:
ndez, City tton
ey � 2/12/2024
City of Miami Page 2 of 2 File ID: 15414 (Revision: A) Printed on: 7/22/2025