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 2025-115 amending the Fiscal Year 2024-25 budget to accept and appropriate program income for the City of Ocala’s Community Development Block Grant program in the amount of $3,936
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OCALA’S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable, Operational Excellence
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
On or about December 28, 2015, the Revitalization Strategies Division, now known as Community Programs, finalized a rehabilitation project for Ewen East, a low-income household homeowner whose real property is located at 2210 NW 18th St., Ocala Florida. The project was completed using Community Development Block Grant (CDBG) funding. The amount of the deferred mortgage was $17,534.41.
FINDINGS AND CONCLUSIONS:
On or about April 26, 2024, Community Programs was contacted concerning the East deferred mortgage payout amount through May 31, 2024. On or about August 23, 2024, Community Programs received a check for the balance of the deferred mortgage in the amount of $3,935.29. Staff recommends this amount be accepted via the proposed budget resolution and added to the Fiscal Year 2024-25 CDBG grant budget to further assist low-income families with approved housing rehabilitation activities.
FISCAL IMPACT:
Source:
346-369-000-000-16-36943 $ 3,936
Use:
346-060-644-554-55-34010 $ 3,936
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
• Adopt with Changes
• Table
• Deny
BUDGET RESOLUTION 2024-115
A RESOLUTION AMENDING THE FISCAL YEAR 2024-25 BUDGET TO ACCEPT AND APPROPRIATE PROGRAM INCOME FOR THE CITY OF OCALA’S COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM IN THE AMOUNT OF $3,936
WHEREAS, the City of Ocala receives an annual allotment of CDBG funding to further the access of affordable housing, retain affordable housing stock, and address community needs; and
WHEREAS, on or about December 28, 2015, the Revitalization Strategies Division, now known as Community Programs, finalized a rehabilitation project for the property located at 2210 NW 18th St., Ocala Florida; and
WHEREAS, on or about April 26, 2024, Community Programs was contacted concerning the payout amount of the East deferred mortgage through May 31, 2024; and
WHEREAS, on or about August 23, 2024, Community Programs received a check for the balance of the deferred mortgage in the amount of $3,935.29.
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 $3,936 as outlined below.
SOURCE:
346-369-000-000-16-36943 $ 3,936
USE:
346-060-644-554-55-34010 $ 3,936
This resolution adopted this 19th day of November, 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