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Item O2 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: April 17, 2002 Division: Monroe County Housing Authority Bulk Item: Yes X No Department: Special Programs Office (Staff will be present at BOCC meeting for any questions) AGENDA ITEM WORDING: A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA, AUTHORIZING THE ASSIGNMENT OF RECAPTURED CDBG PROGRAM FUNDS IN SUPPORT OF MONROE COUNTY'S 2002 COMMUNITY DEVELOPMENT BLOCK GRANT APPLICATION ON BEHALF OF VERY LOW AND LOW INCOME RESIDENTS ITEM BACKGROUND: Previous Monroe County Community Development Block Grants have resulted in recaptured funds restricted to and for use in support of additional CDBG eligible activities. PREVIOUS RELEVANT BOCC ACTION: Approval of similar Resolutions in 1993 and 1997 Authorizing commitment of CDBG recaptured funds in support of new CDBG applications. I STAFF RECOMMENDATION: Approval TOTAL COST: COST TO COUNTY: $155, 000 (existing, restricted funds) $155,000 (existing, restricted funds) APPROVED BY: County Attny. _ OMBlPurchasing _ Risk Management_ anuel Castillo, Director, Special Programs Office onroe County Housing Authority DEP ARTMENT APPROVAL: DOCUMENTATION: Inc1 uded To Follow Not Required X DISPOSITION: 02 RESOLUTION - 2002 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA, AUTHORIZING THE ASSIGNMENT OF RECAPTURED CDBG PROGRAM FUNDS IN SUPPORT OF MONROE COUNTY'S 2002 COMMUNITY DEVELOPMENT BLOCK GRANT APPLICATION ON BEHALF OF VERY LOW AND LOW INCOME RESIDENTS WHEREAS, the Florida Department of Community Affairs has announced the competitive cycle for the 2002 State of Florida Small Cities Community Development Block Grant (CDBG) Program for which Monroe County is an eligible applicant; and WHEREAS, in order to increase the competitive score of Monroe County's CDBG application and improve the opportunity to secure a CDBG funding commitment, the contribution of local government funds are a critical factor; and, WHEREAS, Monroe County has sufficient funds available as the result of recaptured funds as the result of prior CDBG programs interest earnings on said recaptured funds, which are restricted for use on CDBG eligible activities, subject to BOCC approval, and; NOW, THEREFORE, BE IT RESOLVED, by the Board of County Commissioners of Monroe County, Florida, that the County hereby: Authorizes the commitment of recaptured CDBG funds in an amount not to exceed $150,000 from Fund 100-01004-530340 ($100,000) and Fund 100-01005-530340 ($50,000) for CDBG eligible Housing Rehabilitation activities. Said funds are available to make housing rehabilitation construction improvements to, and properties qualified under, the Monroe County 2002 Small Cities Community Development Block Grant Program's, Housing Assistance Plan. Further, authorizes the commitment, not to exceed $5,000, from Fund 100-01004-530341 ($5,000) for payment/reimbursement to the Special Programs Office, Monroe County Housing Authority for those costs directly related to preparation, completion and submittal of the Monroe County 2002 Small Cities Community Development Block Grant application. PASSED AND ADOPTED, by the Board of County Commissioners of Monroe County, Florida at a regular meeting on said Board on the 17th day of April, A.D., 2002 Mayor McCoy Mayor Pro Tem Spehar Commissioner Neugent Commissioner Williams Commissioner Nelson BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA By: Mayor Charles "Sonny" McCoy SEAL ATTEST: Approved as to form and legal sufficiency: Date: