Submitted By: James Haynes
presenter
Presentation By: Robin Ford
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Department: Community Development Services
STAFF RECOMMENDATION (Motion Ready):
title
Adopt Budget Resolution 2025-100 amending the Fiscal Year 2023-24 budget to accept and appropriate program income for the City of Ocala’s State Housing Initiatives Partnership grant program in the amount of $14,050
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OCALA’S RELEVANT STRATEGIC GOALS:
Operational Excellence, Quality of Place
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
On or about February 21, 2017, the Revitalization Strategies Division, now known as Community Programs, finalized a rehabilitation project for Elouise Baker, an elderly, low-income household homeowner whose real property is located at 321 NW 31st St., Ocala, Florida. The project was completed using the State Housing Initiative Program (SHIP) grant funding. The amount of the deferred mortgage was $14,050.
FINDINGS AND CONCLUSIONS:
On or about July 31, 2024, Community Programs was contacted concerning the Baker deferred mortgage payout amount through August 31, 2024. On or about August 20, 2024, Community Programs received a check for the balance of the deferred mortgage in the amount of $14,050. Staff recommends this amount be accepted via the proposed budget resolution and added to the Fiscal Year 2024-25 SHIP grant budget to further assist low-income families with approved housing rehabilitation activities.
FISCAL IMPACT:
Source:
140-369-000-000-16-36943 Misc-Program Income-Principal $14,050
Use:
140-050-699-559-55-34010 Other Services $14,050
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
• Adopt with Changes
• Table
• Deny
BUDGET RESOLUTION 2025-100
A RESOLUTION AMENDING THE FISCAL YEAR 2023-24 BUDGET TO ACCEPT AND APPROPRIATE PROGRAM INCOME FOR THE CITY OF OCALA’S STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) GRANT PROGRAM IN THE AMOUNT OF $14,050
WHEREAS, the City of Ocala receives an annual allotment of SHIP funding to further the access of affordable housing, retain affordable housing stock, and address community needs; and
WHEREAS, on or about February 21, 2017, the Revitalization Strategies Division, now known as Community Programs, finalized a rehabilitation project for the property located at 321 NW 31st St., Ocala FL; and
WHEREAS, on or about July 31, 2024, Community Programs was contacted concerning the payout amount of the Baker deferred mortgage through August 31, 2024; and
WHEREAS, on or about August 20, 2024, Community Programs received a check for the balance of the deferred mortgage in the amount of $14,050.
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 $14,050 as outlined below.
SOURCE:
140-369-000-000-16-36943 Misc-Program Income-Principal $14,050
USE:
140-050-699-559-55-34010 Other Services $14,050
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