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94-21401 ResoRESOLUTION NO. 9�4=2.1i40:11 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING AND CORRECTING RESOLUTION NUMBER 94-21362 APPROVED ON OCTOBER 19, 1994, IN ORDER TO APPROPRIATE EIGHTEEN THOUSAND EIGHTY-THREE DOLLARS AND TEN CENTS ($18,083.10) IN RETURNED SUBSIDY FUNDS FROM THE RENTAL REHABILITATION PROGRAM FUNDED MULTI -FAMILY HOUSING REHABILITATION PROGRAM AT THE ESPLANADE APARTMENTS AT 1569-1575 MICHIGAN AVENUE AND 934-16TH STREET TO THE RENTAL REHABILITATION PROGRAM FUND 153. WHEREAS, the City of Miami Beach received Eighteen Thousand. Eighty-three Dollars and Ten Cents ($18,083.10) in subsidy funds returned from the Esplanade Apartments Rental Rehabilitation Project at 1569-1575 Michigan Avenue and 934 16th. Street; and WHEREAS, Resolution Number 94-21362, approved on October 19, 1994, inadvertently stated that the returned funds were to be appropriated to the Community Development Block Grant (CDBG) Program fund; and WHEREAS, all returned funds from the Rental Rehabilitation Program received by the City must be appropriated to the Rental Rehabilitation Program Fund 153, in order to properly account for such funds. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby authorize an amendment to Resolution Number 94-21362, approved on October 19, 1994, in order to appropriate Eighteen Thousand Eighty-three Dollars and Ten Cents ($18,083.10) in returned subsidy funds from the Rental Rehabilitation Program funded Multi -Family Housing Rehabilitation Program at the Esplanade Apartments to Rental Rehabilitation Program Fund 153. PASSED AND ADOPTED THIS 16thD) ATTEST: l CITY CLERK, . \ESPLANAD.REV FORM APPROVED Legal Dept. By Date / ► o - 4.�( -Al CITY OF MIAMI BEACH CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139 COMMISSION MEMORANDUM NO. TO: Mayor Seymour Gelber and DATE: November 16, 1994 Members of the City Commission FROM: Roger M. Carlton*4L),�� City Manager SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING AND CORRECTING RESOLUTION NUMBER 94-21362, APPROVED ON OCTOBER 19, 1994, IN ORDER TO APPROPRIATE EIGHTEEN THOUSAND EIGHTY-THREE DOLLARS AND TEN CENTS ($18,083.10) IN RETURNED SUBSIDY FUNDS FROM THE RENTAL REHABILITATION PROGRAM FUNDED MULTI- FAMILY HOUSING REHABILITATION PROGRAM AT THE ESPLANADE APARTMENTS AT 1569-1575 MICHIGAN AVENUE AND 934-16TH STREET TO THE RENTAL REHABILITATION PROGRAM FUND 153. ADMINISTRATION RECOMMENDATION: To adopt the attached Resolution which amends Resolution Number 94-21362 appropriating Eighteen Thousand Eighty-three Dollars and Ten Cents ($18,083.10) in returned subsidy funds as unanticipated program income to the Rental Rehabilitation Program funded Multi -Family Housing Rehabilitation Program account number: 153.5198.00676. These funds were returned from a project that was funded under the City's federal Multi -Family Housing Rehabilitation Program. ANALYSIS: The City of Miami Beach received funds from a Multi -Family Rehabilitation project at the Esplanade Apartments, located at 1569-1575 Michigan Avenue and 934-16th Street, in the amount of $18,083.10. Resolution Number 94-21362, adopted October 19, 1994, incorrectly directed the funds be appropriated into the Community Development Block Grant (CDBG) fund. CONCLUSION: The Administration recommends the adoption of the attached Resolution amending and correcting Resolution Number 94-21362 and appropriating Eighteen Thousand Eighty-three Dollars and Ten Cents ($18,083.10) in returned subsidy funds to the City's Rental Rehabilitation Program Fund 153. RMC/STP 37 AGENDA ITEM DATE