HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #16585
Date: 08/29/2024
Commission Meeting Date: 10/15/2024
Requesting Department: Department of
Housing and Community Development
Sponsored By: City Commission
District Impacted: All
Type: Resolution
Subject: Allocate - CDBG Program Income Funds
Purpose of Item:
AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM COMMUNITY
DEVELOPMENT BLOCK GRANT ("CDBG') FUNDS GENERATED FROM MAY 1,
2024 TO JULY 31, 2024, IN THE AMOUNT OF $26,261.61 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 DOCUMENTS, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, INCLUDING AMENDMENTS, RENEWALS,
EXTENSIONS, AND MODIFICATIONS, AS MAY BE NECESSARY, 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
("Program Income") that are required to be used for eligible program activities.
From May 1, 2024, to July 31, 2024, the Department collected an amount of $26,261.61
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 generated from
May 1, 2024, to July 31, 2024, in the total amount of $26,261.61 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 is NOT funded by Bonds
Total Fiscal Impact:
Total Fiscal Impact: $26,261.61
City Manager's Office
Office of Management and Budget
Office of Management and Budget
City Manager's Office
City Manager's Office
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
City Commission
Office of the City Clerk
Reviewed B
Larry M. Spring
Luis Hernandez -Torres
Marie Gouin
Larry M. Spring
Natasha Colebrook -Williams
Arthur Noriega V
Valentin J Alvarez
Raymond Pereira
George K. Wysong III
Nicole Ewan
Maricarmen Lopez
City Clerk's Office
Department Head Review
Budget Analyst Review
Budget Review
Assistant City Manager Review
Deputy City Manager Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Meeting
Rendered
Completed 09/09/2024 4:33 PM
Completed 09/10/2024 8:35 AM
Completed 09/10/2024 11:04 AM
Completed 09/12/2024 10:38 AM
Completed 09/12/2024 10:52 AM
Completed 09/12/2024 10:55 AM
Completed 09/17/2024 6:27 AM
Completed 09/30/2024 3:31 PM
Completed 10/01/2024 5:43 PM
Completed 10/10/2024 9:00 AM
Completed 10/15/2024 9:00 AM
Completed 10/17/2024 4:26 PM
City of Miami
Legislation
Resolution
Enactment Number: R-24-0397
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16585 Final Action Date:10/15/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK
GRANT ("CDBG") FUNDS GENERATED FROM MAY 1, 2024, TO JULY 31, 2024, IN
THE AMOUNT OF $26,261.61 FOR ELIGIBLE ACTIVITIES, AS SPECIFIED IN
EXHIBIT "A," ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE
CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS, IN A
FORM ACCEPTABLE TO THE CITY ATTORNEY, INCLUDING AMENDMENTS,
RENEWALS, EXTENSIONS, AND MODIFICATIONS, AS MAY BE NECESSARY,
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 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 May 1, 2024, to July 31, 2024, the Department collected an amount of
$26,261.61 in Community Development Block Grant ("CDBG") Program Income; and
WHEREAS, pursuant to CDBG regulations 24 CFR Part 570.504, Program Income
amount must be used for eligible CDBG activities; and
WHEREAS, the Department recommends allocating the Program Income funds
generated from May 1, 2024, to July 31, 2024, in the total amount of $26,261.61 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 May 1, 2024 to
July 31, 2024, in the total amount of $26,261.61 to the eligible activities specified in Exhibit "A,"
attached and incorporated, is authorized.'
Section 3. The City Manager is authorized1 to negotiate and execute any and all
necessary documents, all in a form acceptable to the City Attorney.
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:
g III, C yattory / 101112024