HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM Law Department
ra �; Matter ID No.
;O- n��r1 16--00143
FILE ID: _
Date: 01-15-2016 Requesting Department: Community & Economic Develo _went
Commission Meeting Date: 03-11-2016 District Impacted: 1,2,3,4,5
Type: M Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: CDBG Funding: Economic Development 2016-2017
Purpose of Item:
AUTHORIZING THE ALLOCATION OF PROGRAM YEAR 2016-2017, COMMUNITY
DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS, IN THE AMOUNT OF $2,663,046 AND
THE AMOUNT OF $36,575 FROM PRIOR YEAR PROGRAM INCOME, FOR A TOTAL OF
$2,699,621 IN THE ECONOMIC DEVELOPMENT CATEGORY, TO THE AGENCIES
SPECIFIED IN ATTACHMENT "A," ATTACHED AND INCORPORATED, FOR ECONOMIC
DEVELOPMENT ACTIVITIES 1N THE PROGRAM YEAR 2016-2017; AUTHORIZING THE CITY
MANAGER TO EXECUTE THE 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: $2,699,621
Final Approvals
(SIGN AND DATE)
CIP Budgeti
If using or receiving capital funds
Grants. Risk Man
Purchasing __ Dept. Dira
11111117 30
Chief - City Man;
Page 1 of I
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information;
Pursuant to Resolution No. R-16-0035, adopted January 28, 2016, the Miami City Commission
approved CDBG Program Year categories, allocating the amount of $2,699,621.20 for Economic
Development category,
On February 16, 2016, HUD posted the City's CDBG allocation which result in a reduction of
$36,575.00 in the economic development category as approved pursuant to Resolution No, R-15-
0035.
To ensure that no agency's allocation is reduced, Department of Community and Economic
Development recommends the transfer of additional $36,575.00 from prior year program income to
the 2016-2017 economic development category.
The City Administration recommends the allocation of Program Year 2016-2017 CDBG funds, from
HUD entitlement grants fund in the amount of $2,663,046 and the amount of $36,575 from prior year
program income, for the total amount of $2,699,621 in the economic development category, to the
agencies specified in Attachment "A," attached and incorporated, for economic development
activities in the program year 2016-2017.