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HomeMy WebLinkAboutSummary FormUx Law Department +�, AGENDA ITEM SUMMARY FORMV. Matter ID No. aa� FILE ID: 15-00777 Date: 06/0§/2015 Requesting Department: Community & Economic Development Commission Meeting Date: 07/23/2015 District Impacted: 4 Type: 0 Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion. Item 0 Other Subject: TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS TO SOUTH FLORIDA PROGRESS FOUNDATION INC. Purpose of Item: AUTHORIZING THE CITY MANAGER TO TRANSFER AN AMOUNT OF $50,000 COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS ORIGINALLY ALLOCATED TO ACTION CENTER FOR COLLEGE EDUCATIONAL SERVICES AND SCHOLARSHIP FOUNDATION TO SOUTH FLORIDA PROGRESS FOUNDATION, INC. FOR THE CONSTRUCTION OF A BUSINESS CENTER AT MIAMI NORTHWESTERN HIGH SCHOOL; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. Background Information: Please see attached Budget Impact Analysis NO Is this item related to revenue? YES Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: TO BE DETERMINED CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: $50,000 Final Approvals (SIGN AND DATE) CIP Budget4/2.15 If 'sing of receiving capital fluids Grants Risk Management, „ —) , // Purchasing Dept Chief City Page 1 of AGENDA ITEM SUMMARY FORM CONTINUED Background Information: Pursuant to Resolution No. 13-0488, adopted December 12, 2013, the Miami City Commission approved the allocation of District 4 CDBG Economic Development Reserve account funds in the amount of $50,000 to Action Center for College Educational Services and Scholarship Foundation for the construction of a business center at Miami Northwestern High School. Action Center for College Educational Services and Scholarship Foundation was unable to provide all the documentation necessary to execute a contract for the use the funds. Miami Northwestern High School is still in need of the business center and South Florida Progress Foundation, Inc. has agreed to help with the construction. The Administration recommends to the transfer of the amount of $50,000 in CDBG funds originally allocated to Action Center for College Educational Services and Scholarship Foundation to South Florida Progress Foundation, Inc.