DIAMOND SQUARE REDEVELOPMENT AGENCY AGENDA ITEM
Memo Date: October 8, 2024
Agenda Date: October 14, 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 Diamond Square CRA for the Michael C. Blake Subdivision. Authorize the City Manager to approve any budgetary changes.
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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 Agency. Each of the five homeowners utilized the Down Payment Assistance from the Agency.
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 to the City.
Staff requests approval of Addendum #1 of the Interlocal Agreement and authorization for the City Manager to approve any budgetary changes.
BUDGETARY IMPACT:
Budgeted Yes
If not budgeted, is amendment/transfer attached? N/A
Amount Requested $(145,679.88)
Account Number _111-3230-559-83-00
Account Name _Other grants and aids
Amount Requested $145,679.88
Account Number _001-3200-515-83-00
Account Name _Other grants and aids
Source of Funds: DSCRA
PREVIOUS ACTION:
Approved Interlocal Agreement between DSCRA and Cocoa
RECOMMENDED MOTION:
Recommendation
Approve Amendment #1 to the Interlocal Agreement between the City of Cocoa and Diamond Square CRA for the Michael C. Blake Subdivision. Authorize the City Manager to approve any budgetary changes.