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File #: 24-636    Version: 1 Name:
Type: Agenda Status: Agenda Ready
File created: 11/4/2024 In control: City Council
On agenda: 11/12/2024 Final action:
Title: Approve Amendment #1 to the Interlocal Agreement between the City of Cocoa and the Diamond Square Community Redevelopment Agency for the Michael C. Blake Subdivision. Approve A Resolution Amending the FY24 Budget, BAF#24-134-ITF.
Attachments: 1. ILA between DSCRA and COC - 10.14.2024 - Partially Executed.pdf, 2. Budget Resolution FY 2024- ADA Compliant.pdf, 3. BAF 24-134-FN- Michael C. Blake Diamond Square portion (11-05-2024)- Agenda (24-636).pdf, 4. Diamond Square CRA - Journal - 10.14.2024 - FINAL.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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CITY COUNCIL AGENDA ITEM

 

Memo Date:                                          November 4, 2024.

Agenda Date:                     November 12, 2024.

Prepared By:                                          Charlene Neuterman, Community Services Director

Through:                                          Stockton Whitten, City Manager

Requested Action:                     

title

Approve Amendment #1 to the Interlocal Agreement between the City of Cocoa and the Diamond Square Community Redevelopment Agency for the Michael C. Blake Subdivision. Approve A Resolution Amending the FY24 Budget, BAF#24-134-ITF.

 

body

BACKGROUND:

 

The Interlocal Agreement between the City of Cocoa and Diamond Square CRA for the purpose of constructing five new homes in the Michael C. Blake Subdivision was approved in FY2024.  This addendum adds the funds budgeted for the Down Payment Assistance by the CRA.  Each of the five homeowners utilized the Down Payment Assistance funds provided by the Diamond Square CRA. 

705 Stone - $30,000
709 Stone - $30,000
713 Stone - $30,000
309 Valencia - $29,380.15
310 Mango - $26,299.73
Total             $145,679.88

The funds will be transferred from the Agency (Fund 111) to the City (Fund 001), where the expense was incurred in FY2024.

Staff requests approval of Addendum #1 of the Interlocal Agreement and approval of Budget Resolution BAF#24-134-IFT for Fiscal Year 2024.

 

PRIORITY AREA CONNECTION: 

 

Economic and Community Development.

 

BUDGETARY IMPACT:

 

Budgeted                                                                                                                                                   Yes

If not budgeted, is amendment/transfer attached?                     Yes

 

Amount Requested                                          $(145,680)

Account Number                                          111-3230-559-83-00

Account Name                                          Other Grants & Aids

 

 

 

Amount Requested                                          $145,680

Account Number                                          111-3230-581.91-01

Account Name                                          Interfund Transfer to GF

 

Amount Requested                                          $145,680

Account Number                                          001-0000-381.91-11

Account Name                                          Interfund Transfer From DS

 

Amount Requested                                          $145,680

Account Number                                          001-3200-515.83-00

Account Name                                          Other Grants & Aids

 

 

 

PREVIOUS ACTION:

 

Approved Interlocal Agreement between Diamond Square CRA and the City of Cocoa in FY2024.

 

RECOMMENDED MOTION:

Recommendation

Approve Amendment #1 to the Interlocal Agreement between the City of Cocoa and the Diamond Square Community Redevelopment Agency for the Michael C. Blake Subdivision. Approve A Resolution Amending the FY24 Budget, BAF#24-134-ITF.