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  Agenda Item # 11.k.       
Meeting Date: 11/02/2020  
Re:    Approval of CRF (Coronavirus Relief Funds) Interlocal Subrecipient Agreement with St. Lucie County BOCC in the amount of $178,000.

SUBJECT:
Approval of CRF (Coronavirus Relief Funds) Interlocal Subrecipient Agreement with St. Lucie County BOCC in the amount of $178,000
SUMMARY:
Upon entering into FHFC Contract on 9/8/2020 (Original City Commission approval date) and 10/5/2020 (Contract Amendment approval date), the City agreed to receive and spend a total of $283,318 on Coronavirus Relief efforts. After expenditures outlined in the Coronavirus Relief Grant Program, remaining funds in the amount of $178,000 that must be expended by December 31, 2020 as per the FHFC contractual guidelines. 

Advisement from Florida Housing Finance Corporation encourages subrecipient/interlocal agreements with community partners in order to expedite funding and to reduce probability of Duplication of Efforts. 
RECOMMENDATION:
Enter into interlocal agreement in order to meet contractual guidelines.
ALTERNATIVES:
Do not enter into agreement and risk contract default; thereby having to return funds not used by December 31, 2020.
RESPONSIBLE STAFF:
Caleta Scott, Manager, Grants Administration Division
COORDINATED WITH:
Sheila Wise, Reporting and Grants Specialist, Grants Administration Division
Jennifer Hance, Housing Manager, St. Lucie County 

Fiscal Impact
Budgeted Y/N: Y
Fiscal Year: 2021
Account: 10595025548426
Amount: 178000
OTHER INFORMATION:
This amount includes the allowable 10 percent adminstrative costs from grant funds.  
Attachments
DRAFT - Interlocal/Subrecipient Agreement

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Form Review
Inbox Reviewed By Date
Finance Department Johnna Morris 10/26/2020 10:13 AM
City Manager Nick Mimms 10/28/2020 05:23 PM
Finance Department Jennifer Robinson 10/28/2020 05:47 PM
City Manager Nick Mimms 10/28/2020 05:50 PM
Form Started By: Caleta Scott Started On: 10/21/2020 05:12 PM
Final Approval Date: 10/28/2020

    

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