Submitted By: James Haynes
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Presentation By: Tammi Haslam
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Department: Community Development Services
STAFF RECOMMENDATION (Motion Ready):
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Adopt Budget Resolution 2022-131 amending the Fiscal Year 2021-2022 Budget to accept and appropriate funding for the City of Ocala's HOME Investment Partnership Program grant in the amount of $407,420
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OCALA'S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable, Quality of Place
PROOF OF PUBLICATION:
NA
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BACKGROUND:
The City of Ocala is a participating jurisdiction with Marion County as a member of the Marion County HOME Consortium and receives an annual allocation of HOME Investment Partnership Program (HOME) funds to be used for creating and sustaining affordable housing units, assisting first time home buyers, and other eligible housing activities to assist low-to moderate income level households in the City of Ocala. The funds are governed by the U.S. Department of Housing and Urban Development guidelines including encumbrance and expenditure deadlines.
FINDINGS AND CONCLUSIONS:
An award letter was received on February 14, 2022 from the Marion County Board of County Commissioners acknowledging the City's funding for the 2020-2021 fiscal year in the amount of $407,420. This award shall be expended by September 30, 2025.
FISCAL IMPACT:
$407,420 will be appropriated as follows:
001-050-500-554-55-12020 Admin Salaries & Wages $ 25,000
001-050-500-554-55-21010 Admin FICA $ 1,683
001-050-500-554-55-22012 Admin Retirement $ 1,760
001-050-500-554-55-23010 Admin Health & Life Insurance $ 3,470
001-050-500-554-55-40010 Admin Travel & Training $ 1,267
001-050-501-554-55-34010 Other Services-Rehabilitation $334,240
001-050-502-554-55-34010 Other Services-Purchase Assistance $ 40,000
PROCUREMENT REVIEW:
NA
LEGAL REVIEW:
N/A
ALTERNATIVE:
Council may accept staff's recommendation or provide further direction.
BUDGET RESOLUTION 2022-131
A RESOLUTION AMEND...
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