Submitted By: James Haynes
presenter
Presentation By: Tammi Haslam
end
Department: Community Development Services
STAFF RECOMMENDATION (Motion Ready):
title
Adopt Budget Resolution 2023-145 amending the Fiscal Year 2022-23 Budget to appropriate 2022-2023 State Housing Initiatives Partnership grant funding in the amount of $44,612
end
OCALA’S RELEVANT STRATEGIC GOALS:
Operational Excellence, Fiscally Sustainable
PROOF OF PUBLICATION:
N/A
body
BACKGROUND:
The State Housing Initiatives Program (SHIP) provides funds to local governments as an incentive to create partnerships that produce and preserve affordable homeownership and multifamily housing. The program was designed to serve very low, low, and moderate-income families.
FINDINGS AND CONCLUSIONS:
The SHIP program has been appropriated $209,475,000 for the State’s 2022-2023 Fiscal Year which is July 1, 2022, to June 30, 2023. The City of Ocala has been awarded $616,629. The State has approved the disbursement of the third and final payment to the City in the amount of $44,612.
FISCAL IMPACT:
Source:
140-334-000-000-09-33485 SHIP/Dept of Comm Af $44,612
Uses:
140-050-699-559-55-34010 Other Services $44,612
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
This Agreement will be reviewed and approved for form and legality by City Attorney, William E. Sexton.
ALTERNATIVE:
• Adopt with Changes
• Deny
BUDGET RESOLUTION 2023-145
A RESOLUTION AMENDING THE FISCAL YEAR 2022-2023 BUDGET TOACCEPT AND APPROPRIATE 2022-2023 STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) FUNDING IN THE AMOUNT OF $44,612
WHEREAS, the State Housing Initiatives Program (SHIP) provides funds to local governments as an incentive to create partnerships that produce and preserve affordable homeownership and multifamily housing; and is designed to serve very low, low, and moderate-income families; and
WHEREAS, the SHIP program has been appropriated $209,475,000 for the State’s 2022-2023 Fiscal Year that runs from July 1, 2022, to June 30, 2023; and
WHEREAS, the City of Ocala has been awarded $616,629; and
WHEREAS, the State has approved the disbursement of the third and final payment to the City in the amount of $44,612.
NOW THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF OCALA, FLORIDA, duly assembled in regular session, that the Fiscal Year 2022-2023 budget be amended as outlined below to appropriate funding as follows:
SOURCE:
140-334-000-000-09-33485 SHIP/Dept of Comm Af $44,612
USE:
140-050-699-559-55-34010 Other Services $44,612
This resolution adopted this ______ day of ______________________, 2023.
ATTEST: CITY OF OCALA
By: By:
Angel B. Jacobs James P. Hilty Sr.
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