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Home My WebLink AboutAgenda Item Summary Form",A1' UF..4y AGENDA ITEM SUMMARY FORM File ID: #1447 Date: 12/05/2016 Requesting Department: Department of Community and Economic Development Commission Meeting Date: 01/12/2017 Sponsored By: District Impacted: All Type: Resolution Subject: Allocate - Prgm. Income Purpose of Item: AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS, GENERATED FROM JULY 1 ST,2016 TO NOVEMBER 30TH,2016 IN THE AMOUNT OF $510,618.55 AS SHOWN IN ATTACHMENT "A", ATTACHED AN INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE ALLTHE NECESSARY DOCUMENT(S), IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE(S). Background of Item: The Department of Community and Economic Development receives various types of repayments from loans provided to developers and homeowners in the past. Such funds, referred to as program income, are required to be used for eligible program activities. Between July 1st, 2016 to November 30th, 2016 the Department of Community and Economic Development has collected an amount of $510,618.55 in CDBG program income. Pursuant to CDBG regulations 24 CFR Part 570.504, program income must be used for eligible CDBG activities. The City Administration recommends the allocation of the total program income from CDBG funds generated from July 1st, 2016 to November 30th, 2016 in the amount of $510,618.55 to the activities specified in Attachment "A". Budget Impact Analysis Item is NOT Related to Revenue Item is an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: $510,618.55 Special Revenue Account No: TO BE DETERMINED Reviewed By Department of Community and Economic Development Review Completed 12/05/2016 1:01 PM Office of Management and Budget Luis Hernandez -Torres Office of Management and Budget Christopher M Rose City Manager's Office Alberto N. Parjus City Manager's Office Daniel J. Alfonso Legislative Division Valentin J Alvarez Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria Mendez City Commission Nicole Ewan Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office George Mensah Department Head Budget Analyst Review Completed Budget Review Completed Assistant City Manager Review Completed City Manager Review Completed Legislative Division Review Completed Deputy City Attorney Review Completed Approved Form and Correctness Completed Meeting Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed 12/06/2016 3:10 PM 12/09/2016 2:37 PM 12/15/2016 3:07 PM 12/16/2016 5:51 AM 12/21/2016 11:31 AM 12/21/2016 12:17 PM 12/30/2016 10:40 AM 01/12/2017 9:00 AM 01/20/2017 4:43 PM 01/20/2017 5:08 PM A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS GENERATED FROM JULY 1, 2016 TO NOVEMBER 30, 2016, IN THE AMOUNT OF $510,618.55, TO THE CATEGORIES SPECIFIED IN ATTACHMENT "A", ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL NECESSARY DOCUMENTS TO COMPLETE THE TRANSACTION FOR THE SPECIFIED AMOUNTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE(S). WHEREAS, the Department of Community and Economic Development ("Department") receives various types of repayments from loans provided to developers and homeowners, referred to as program income that are required to be used for eligible program activities; and WHEREAS, from July 1, 2016 to November 30, 2016, the Department collected $510,618.55 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 City Administration recommends the allocation of CDBG program income generated from July 1, 2016 to November 30, 2016, in the total amount of $510,618.55, to the activities specified in Attachment "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 CDBG program income from July 1, 2016 to November 30, 2016, in the amount of $510,618.55, to the categories specified in Attachment "A", attached and incorporated, is authorized.' Section 3. The City Manager is authorized' to execute any and all documents to complete the transaction for the specified amounts, in a form acceptable to the City Attorney. Section 4. This Resolution shall become effective immediately upon its adoption and ' The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney including but not limited to those prescribed by applicable City Charter and City Code provisions. -,IV ov . City of Miami City Hall IIS iit A4to �. � „1,l ,a Legislation 3500 Pan American Drive r Miami, FL 33133 �—R � _- Resolution www.miamigov.com Enactment Number: R-17-0011 File Number: 1447 Final Action Date:1/12/2017 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS GENERATED FROM JULY 1, 2016 TO NOVEMBER 30, 2016, IN THE AMOUNT OF $510,618.55, TO THE CATEGORIES SPECIFIED IN ATTACHMENT "A", ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL NECESSARY DOCUMENTS TO COMPLETE THE TRANSACTION FOR THE SPECIFIED AMOUNTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE(S). WHEREAS, the Department of Community and Economic Development ("Department") receives various types of repayments from loans provided to developers and homeowners, referred to as program income that are required to be used for eligible program activities; and WHEREAS, from July 1, 2016 to November 30, 2016, the Department collected $510,618.55 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 City Administration recommends the allocation of CDBG program income generated from July 1, 2016 to November 30, 2016, in the total amount of $510,618.55, to the activities specified in Attachment "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 CDBG program income from July 1, 2016 to November 30, 2016, in the amount of $510,618.55, to the categories specified in Attachment "A", attached and incorporated, is authorized.' Section 3. The City Manager is authorized' to execute any and all documents to complete the transaction for the specified amounts, in a form acceptable to the City Attorney. Section 4. This Resolution shall become effective immediately upon its adoption and ' The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney including but not limited to those prescribed by applicable City Charter and City Code provisions. signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: i ria i ' ndez, City Attor iey 12130/2016 2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission.