Submitted By: James Haynes
presenter
Presentation By: James Haynes
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Department: Community Development Services
STAFF RECOMMENDATION (Motion Ready):
title
Adopt Budget Resolution 2025-128 amending the Fiscal Year 2024-25 budget to accept and appropriate 2024-25 State Housing Initiatives Partnership Program grant funding in the amount of $125,519
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OCALA’S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable, Operational Excellence
PROOF OF PUBLICATION:
N/A
body
BACKGROUND:
The State Housing Initiatives Partnership (SHIP) Program funds local governments to incentivize the creation of partnerships that produce and preserve affordable homeownership and multifamily housing. The program was designed to serve extremely low, very low, low, and moderate-income families.
FINDINGS AND CONCLUSIONS:
The SHIP program has appropriated $174,000,000 for the state’s 2024-25 Fiscal Year, which runs from July 1, 2024, to June 30, 2025. The City of Ocala has been awarded $502,079. The State has approved the disbursement of the third payment to the City in the amount of $125,519.
FISCAL IMPACT:
Source:
140-334-000-000-09-33485 SHIP/Dept of Comm Af $125,519
Use:
140-050-699-559-55-34010 Other Services $125,519
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
• Adopt with Changes
• Table
• Deny
BUDGET RESOLUTION 2025-128
A RESOLUTION AMENDING THE FISCAL YEAR 2024-25 BUDGET TO ACCEPT AND APPROPRIATE 2024-25 STATE HOUSING INITIATIVES PARTNERSHIP FUNDING IN THE AMOUNT OF $125,519
WHEREAS, the State Housing Initiatives Partnership (SHIP) Program provides funds to local governments as an incentive to create partnerships that produce and preserve affordable homeownership and multifamily housing and is designed to serve extremely low, very low, low, and moderate-income families; and
WHEREAS, the SHIP program has been appropriated $174,000,000 for the state’s 2024-25 Fiscal Year that runs from July 1, 2024, to June 30, 2025; and
WHEREAS, the City of Ocala has been awarded $502,079; and
WHEREAS, the State has approved the disbursement of the third payment to the City in the amount of $125,519.
NOW THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF OCALA, FLORIDA, duly assembled in regular session, that the Fiscal Year 2024-25 budget be amended as outlined below:
SOURCE:
140-334-000-000-09-33485 SHIP/Dept of Comm Af $125,519
USE:
140-050-699-559-55-34010 Other Services $125,519
This resolution adopted this ______ day of ______________________, 2025.
ATTEST: CITY OF OCALA
By: By:
Angel B. Jacobs Kristen M. Dreyer
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