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 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
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OCALA'S RELEVANT STRATEGIC GOALS:
Operational Excellence, Fiscally Sustainable
PROOF OF PUBLICATION:
N/A
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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, 202...
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