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 2025-121 amending the Fiscal Year 2024-25 budget to accept and appropriate program income for the City of Ocala’s State Housing Initiative Program Grant program in the amount of $24,003
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OCALA’S RELEVANT STRATEGIC GOALS:
Operational Excellence
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
On or about February 5, 2015, the Revitalization Strategies Division, now known as Community Programs, finalized a rehabilitation project for Alfred Daymon, a low-income household homeowner whose real property is located at 1636 SW Fifth Place, Ocala, Florida. The project was completed using State Housing Initiative Program (SHIP) Grant funding. The amount of the deferred mortgage was $43,973.82.
FINDINGS AND CONCLUSIONS:
On or about March 12, 2024, Community Programs was contacted by the daughter of Mr. Daymon, indicating that Mr. Daymon passed away on March 10, 2024. The Community Programs staff provided information concerning the Daymon deferred mortgage payout amount through the day of Mr. Daymon’s passing. On or about November 15, 2024, Community Programs received a check for the balance of the deferred mortgage in the amount of $24,002.38. Upon depositing and clearing the received check, the City will file the appropriate lien release associated with this transaction. 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 $24,003
Use:
140-050-699-559-55-34010 $24,003
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
• Adopt with Changes
• Table
• Deny
BUDGET RESOLUTION 2025-121
A RESOLUTION AMENDING THE FISCAL YEAR 2024-25 BUDGET TO ACCEPT AND APPROPRIATE PROGRAM INCOME FOR THE CITY OF OCALA’S STATE HOUSING INITIATIVE PROGRAM (SHIP) GRANT PROGRAM IN THE AMOUNT OF $24,003
WHEREAS, the City of Ocala receives an annual allotment of SHIP funding to further access to affordable housing, retain affordable housing stock, and address community needs; and
WHEREAS, on or about February 5, 2015, the Revitalization Strategies Division, now known as Community Programs, finalized a rehabilitation project for a low-income household whose real property is located at 1636 SW 5th Place, Ocala Florida; and
WHEREAS, on or about March 12, 2024, Community Programs was contacted concerning the deferred mortgage payout amount through March 10, 2024; and
WHEREAS, on or about November 15, 2024, Community Programs received a check for the balance of the deferred mortgage in the amount of $24,002.38.
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 to appropriate $24,003 as outlined below.
SOURCE:
140-369-000-000-16-36943 Misc-Program Income-Principal $24,003
USE:
140-050-699-559-55-34010 Other Services $24,003
This resolution adopted this 17th day of December 2024.
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