Submitted By: James Haynes
presenter
Presentation By: James Haynes
end
Department: Community Development Services
STAFF RECOMMENDATION (Motion Ready):
title
Adopt Budget Resolution 2024-156 amending the Fiscal Year 2023-24 budget to accept and appropriate program income for the City of Ocala’s State Housing Initiative Program grant in the amount of $18,000
end
OCALA’S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable, Operational Excellence
PROOF OF PUBLICATION:
N/A
body
BACKGROUND:
On or about January 28, 2019, the Revitalization Strategies Division, now known as Community Programs, finalized a down payment assistance contract for Kirsten Drucker, an extremely low-income household whose real property is located at 419 NE 15th Court, Ocala, Florida. The project was completed using funding from the State Housing Initiative Program (SHIP) grant. The amount of the deferred mortgage was $18,000.
FINDINGS AND CONCLUSIONS:
On or about June 18, 2024, Community Programs was contacted concerning the payout amount of the Drucker deferred mortgage. On July 3, 2024, the Community Programs received a check for the balance of the deferred mortgage in the amount of $18,000. Staff recommends this amount be received via the proposed budget resolution and added to the Fiscal Year 2023-24 SHIP budget to further assist low-income families with approved housing rehabilitation activities.
FISCAL IMPACT:
Source:
140-369-000-000-16-36943 $18,000
Use:
140-050-699-559-55-34010 $18,000
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
• Adopt with Changes
• Table
• Deny
BUDGET RESOLUTION 2024-156
A RESOLUTION AMENDING THE FISCAL YEAR 2023-24 BUDGET TO ACCEPT AND APPROPRIATE PROGRAM INCOME FOR THE CITY OF OCALA’S STATE HOUSING INIATIVE PROGRAM (SHIP) GRANT IN THE AMOUNT OF $18,000
WHEREAS, the City of Ocala receives an annual allotment of SHIP funding to further the access of affordable housing, retain affordable housing stock, and assist first time home buyers; and
WHEREAS, on or about January 28, 2019, the Revitalization Strategies Division (now known as Community Programs) finalized a down payment assistance contract for an extremely low-income household whose real property is located at 419 NE 15th Ct., Ocala, FL; and
WHEREAS, on or about June 18, 2024, Community Programs was contacted concerning the payout amount of the deferred mortgage for 419 NE 15th Ct.; and
WHEREAS, on July 3, 2024, the Community Programs Division received a check for the balance of the deferred mortgage in the amount of $18,000.
NOW THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF OCALA, FLORIDA, duly assembled in regular session, that the Fiscal Year 2023-24 budget be amended to appropriate $18,000 to carry out activities as outlined below.
SOURCE:
140-369-000-000-16-36943 Misc-Program Income-Principal $18,000
USE:
140-050-699-559-55-34010 Other Services $18,000
This resolution adopted this ______ day of ______________________, 2024.
ATTEST: CITY OF OCALA
By: By:
Angel B. Jacobs Barry Mansfield
City Clerk President, Ocala City Council
Approved as to form and legality:
By: _________________________________
William E. Sexton
City Attorney
Reviewed for accounting accuracy & completeness:
By: _________________________________
Peter A. Lee
City Manager