HomeMy WebLinkAboutSummary FormDate: 07/21/2016
FILE ID: 16-01063
Commission Meeting Date: 09/08/2016
Law Department
Matter ID No.
Requesting Department: Community & Economic Development
District Impacted: 1,2,3,4,5
Type: E Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: ACCEPTANCE OF ADDITIONAL SHIP FUNDS FOR FISCAL YEAR 2015-2016.
Purpose of Item:
ACCEPTING AN ADDITIONAL AMOUNT OF $22,429.00 IN STATE HOUSING INITIATIVES
PARTNERSHIP (SHIP) PROGRAM FOR FISCAL YEAR 2015-2016; AUTHORIZING THE CITY;
MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE—LO THE
CITY ATTORNEY, FOR SAID PURPOSE.
Background Information:
Please see attached
Budget Impact Analysis
yt S „D» Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No;
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $22,429.00
CIP
If using or receiving capltui funds
Grants
Final Approvals
(SIGN AND DATE) r
Budget lob l
Risk Management
Purchasing / Dept. Director
Chief 7J City Manager,
Page 1 of 1
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. 15-0360 adopted September 10, 2015, the Miami City Commission
accepted an amount of $1,299,453.00 for the strategies under the SHIP Local Housing Assistance
Plan (LHAP) for Fiscal Year 2015-2016.
On June 30, 2016, Florida Housing Finance Corporation notified the City the final allocation for Fiscal
Year 2015-2016 for a total amount of $1,321,882.00 which include an additional amount of
$22,429.00.
The City administration recommends the acceptance of the additional funds in the amount of
$22,429.00 in State Housing Initiative Partnership (SHIP) program for fiscal year 2015-2016 to be
used for the strategies under the SHIP Local Housing Assistance Plan (LHAP).