Title
title
Seawall Repair Assistance Program
end
recommendation
Human Services
a) Adopt Resolution approving grant agreement No. HL201, authorizing the Chairman to sign, and authorizing County Administrator or his/her designee to execute amendments and any other grant related documents; and
b) Approve Resolution for BA24-105 in the amount of $1,000,000.00.
end
Budgeted Action:
Approve Budget Adjustment BA24-105 in the amount of $1,000,000.00.
Background:
body
The General Appropriations Act (GAA) for 2023-2024 includes a line-item appropriation for a $1,000,000 match grant for eligible Charlotte County residents for seawall repair/replacement. A grant agreement with Florida Commerce is provided for consideration and acceptance. The Scope of Work outlines the tasks, performance measures, and financial consequences. The DRAFT policy, also provided, outlines the eligibility criteria and required documents for eligibility and benefit level determination.
An overview of the program is as follows:
Fund Source Local Funding Initiative; State Budget
Funding Amount $1,000,000
Program Status Pending BCC approval and Notice of Funding Availability (NFA)
Eligibility Criteria Permanent, year-round residents with Homestead
Gross household income at or below 120% AMI
Maximum Assessed Property Value $481,176
Match requirement: 81 - 120% AMI 10% match
51 - 80% AMI 5% match
50% AMI and below 0% match
Maximum award amount $150,000
Five (5) year security interest on the property in favor of Fl. Dept. of Commerce
How to apply www.coadfl.org <http://www.coadfl.org>
Tentative NFA date: March 1, 2024
Tentative application period: April 1-30, 2024
end