Submitted By: James Haynes
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Presentation By: James Haynes
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Department: Community Development Services
STAFF RECOMMENDATION (Motion Ready):
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Adopt Budget Resolution 2024-160 amending the Fiscal Year 2023-24 budget to accept and appropriate program income for the City of Ocala's Community Development Block Grant Program in the amount of $32,095
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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 May 14, 2017, the Revitalization Strategies Division, now known as Community Programs, finalized a rehabilitation project for Thelma McQueen, an elderly, low-income household homeowner whose real property is located at 1669 SW Fifth St., Ocala, Florida. The project was completed using funding from the State Housing Initiative Program (SHIP) grant. The amount of the deferred mortgage was $37,595. Ms. McQueen passed away in July 2019.
FINDINGS AND CONCLUSIONS:
On or about April 12, 2024, Community Programs was contacted concerning the payout amount of the McQueen deferred mortgage through May 31, 2024. On or about May 24, 2024, Community Programs received a check for the balance of the deferred mortgage in the amount of $32,095.02. Staff recommends this amount be accepted via the proposed budget resolution and added to the Fiscal Year 2023-24 Community Development Block Grant (CDBG) budget to further assist low-income families with approved housing rehabilitation activities.
FISCAL IMPACT:
Source:
346-369-000-000-16-36943 $32,095
Use:
346-060-644-554-55-34010 $32,095
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
* Adopt with Changes
* Table
* Deny
BUDGET RESOLUTION 2024-160
A RESOLUTION AMENDING THE FISCAL YEAR 2023-24 BUDGET TO ACCEPT AND APPROPRIATE PROGRAM INCOME FOR THE CITY OF OCALA'S COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) IN THE AMOUNT OF $32,095
WHEREAS, the City of Ocala receives an annual allotment of CDBG funding to f...
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