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HomeMy WebLinkAboutR-20-0404City of Miami 1 i.RR .I Legislation alldl 1l+ Resolution: R-20-0404 File Number: 8350 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 12/10/2020 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CITY MANAGER TO REIMBURSE ALL ELIGIBLE EXPENSES UNDER THE CITY OF MIAMI'S RENTAL ASSISTANCE AND EVICTION PREVENTION PROGRAMS FROM CORONAVIRUS RELIEF FUND FUNDS FROM THE UNITED STATES TREASURY DEPARTMENT THROUGH THE FLORIDA HOUSING FINANCE CORPORATION; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS INCLUDING AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS. SPONSOR(S): Mayor Francis X. Suarez WHEREAS, on July 23, 2020, pursuant to Resolution No. 20-0237, the City Commission approved the acceptance of $1,312,500.00, which included an amount of $1,181,250.00 to be used for mortgage assistance for homeowners with loss or reduction in income by creating and funding the City of Miami's ("City") Mortgage Assistance Program ("Program"); and WHEREAS, on September 24, 2020, pursuant to Resolution No. 20-0293, the City Commission approved increasing the limit recipients can receive from the Program from $6,000.00 to $10,000.00; and WHEREAS, on October 8, 2020, pursuant to Resolution No. 20-0313, the City Commission approved an additional allocation of Coronavirus Relief Funds ("CRF") in the total amount of $787,500.00, which included an amount of $708,750.00 for the Program; and WHEREAS, as of November 30, 2020, 92 households have been approved out of the 240 households that applied for the Program for an amount of $675,824.00; and WHEREAS, approximately another $150,000.00 is projected to be spent before December 30, 2020 for a total expenditure of approximately $830,824.00, which would leave a balance of approximately $1.2 million unspent; and WHEREAS, the Florida Housing Finance Corporation (THFC") has advised the City that all Coronavirus rental assistance programs are eligible for the unspent funds and, therefore, all eligible expenditures for such rental assistance programs can be reimbursed using the CRF from the State of Florida; and WHEREAS, the City's Administration recommends the use of CRF from the United States Treasury Department ("Treasury") through FHFC to reimburse all eligible expenses incurred for the Rental Assistance and Eviction Prevention programs through December 30, 2020; and City of Miami Page 1 of 2 File ID: 8350 (Revision:) Printed On: 1213012020 File ID: 8350 Enactment Number: R-20-0404 WHEREAS, in accordance with Section 2-33(f) of the Code of the City of Miami, Florida, as amended, the City Commission, by a majority vote, hereby deems this Resolution to be of an emergency nature; 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 use of CRF from the Treasury through FHFC to reimburse all eligible expenses incurred for the Rental Assistance and Eviction Prevention programs through December 30, 2020 is authorized.' Section 3. The City Manager is authorized' to negotiate and execute any and all necessary documents, including 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. APPROVED AS TO FORM AND CORRECTNESS: 1 i , na i ndez, City Attor i ey 12/2412020 ' The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited, to those prescribed by applicable City Charter and City Code provisions. City of Miami Page 2 of 2 File ID: 8350 (Revision:) Printed on: 1213012020