HomeMy WebLinkAboutR-20-0344City of Miami
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Legislation
Resolution: R-20-0344
File Number: 7857
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 10/22/2020
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING PROGRAM INCOME FROM HOME INVESTMENT
PARTNERSHIP ("HOME") PROGRAM FUNDS GENERATED FROM
FEBRUARY 1, 2020 TO JULY 31, 2020 IN THE TOTAL AMOUNT OF
$193,998.06 TO THE CATEGORIES SPECIFIED IN EXHIBIT "A," ATTACHED
AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO NEGOTIATE
AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, INCLUDING ANY
AND ALL AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN
FORMS ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO ALL
FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH
FUNDS, FOR SAID PURPOSE.
WHEREAS, the Department of Housing and Community Development ("Department")
receives various types of repayments from loans provided to developers and homeowners,
which are often referred to as program income, that are required to be used for eligible program
activities; and
WHEREAS, from February 1, 2020 to July 31, 2020, the Department collected
$193,998.06 in Home Investment Partnership ("HOME") program income; and
WHEREAS, pursuant to HOME regulation 24 CFR Part 92.503, program income must
be used for eligible HOME activities; and
WHEREAS, the City of Miami's Administration recommends the allocation of the
program income generated from February 1, 2020 to July 31, 2020 in the total amount of
$193,998.06 as more particularly specified in Exhibit "A," attached and incorporated, for eligible
HOME activities;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The allocation of HOME program income from February 1, 2020 to July 31,
2020 in the amount of $193,998.06 to the categories specified in Exhibit "A," attached and
incorporated, is authorized.'
' The herein authorization is further subject to compliance with all requirements that may be imposed by
the City Attorney, including but not limited to those prescribed by applicable City Charter and Code
provisions.
City of Miami Page 1 of 2 File ID: 7857 (Revision:) Printed On: 111612020
File ID: 7857
Enactment Number: R-20-0344
Section 3. The City Manager is authorized' to negotiate and execute any and all
necessary documents, including any and all amendments, extensions, and modifications, all in
forms acceptable to the City Attorney, subject to all federal, state, and local laws that regulate
the use of such funds, for said purpose.
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
1
i 4inde]z,�Cii y Attor iey 10/13/2020
2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File ID: 7857 (Revision:) Printed on: 111612020