PH.3 - A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ALLOCATING PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK GRANT (“CDBG”) FUNDS GENERATED FROM JANUARY 1, 2026, TO SEPTEMBER 30, 2026, IN THE AMOUNT OF SEVENTY-ONE THOUSAND, FIVE HUNDRED ONE AND 44/100 DOLLARS ($71,501.44) FOR ELIGIBLE ACTIVITIES, AS SPECIFIED IN EXHIBIT “A,” ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE.
November 19, 2026
Department: Department of Housing and Community Development
Category: Other
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 January 1, 2026, to September 30, 2026, the Department collected an amount of Seventy-One Thousand, Five Hundred One and 44/100 Dollars ($71,501.44) 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 Department recommends allocating the Program Income from January 1, 2026, to September 30, 2026, in the total amount of Seventy-One Thousand,Five Hundred One and 44/100 Dollars ($71,501.44) to the activities, as 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 Program Income received from January 1, 2026, to September 30, 2026, in the total amount of Seventy-One Thousand,Five Hundred One and 44/100 Dollars ($71,501.44),to the activities, as specified in Exhibit “A,” attached and incorporated.
Section 3. The City Manager is authorized to negotiate and execute any and all necessary documents, all in a form acceptable to the City Attorney, for said purpose.
Section 4. This Resolution shall become effective immediately upon its adoption.
WHEREAS, from January 1, 2026, to September 30, 2026, the Department collected an amount of Seventy-One Thousand, Five Hundred One and 44/100 Dollars ($71,501.44) 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 Department recommends allocating the Program Income from January 1, 2026, to September 30, 2026, in the total amount of Seventy-One Thousand,Five Hundred One and 44/100 Dollars ($71,501.44) to the activities, as 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 Program Income received from January 1, 2026, to September 30, 2026, in the total amount of Seventy-One Thousand,Five Hundred One and 44/100 Dollars ($71,501.44),to the activities, as specified in Exhibit “A,” attached and incorporated.
Section 3. The City Manager is authorized to negotiate and execute any and all necessary documents, all in a form acceptable to the City Attorney, for said purpose.
Section 4. This Resolution shall become effective immediately upon its adoption.
Fiscal Impact
Total Fiscal Impact: $71,501.44