HomeMy WebLinkAboutR-21-0168City of Miami
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Legislation
Resolution: R-21-0168
File Number: 8722
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 4/22/2021
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING PROGRAM INCOME FROM HOME INVESTMENT
PARTNERSHIP ("HOME") PROGRAM FUNDS GENERATED FROM AUGUST
1, 2020 TO JANUARY 31, 2021 IN THE AMOUNT OF $75,878.04 AND AN
ADDITIONAL AMOUNT OF $49,530.00 OF RECAPTURED FUNDS, FOR A
TOTAL AMOUNT OF $125,408.04, AS SPECIFIED IN EXHIBIT "A," ATTACHED
AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO NEGOTIATE
AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN FORMS
ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE.
WHEREAS, the Department of Housing and Community Development ("Department")
periodically receives various types of repayments from loans provided to developers and
homeowners that are required to be used for eligible program activities; and
WHEREAS, from August 1, 2020 to January 31, 2021, the Department collected
$75,878.04 in Home Investment Partnership ("HOME") program income and an amount of
$49,530.00 in recaptured funds for a total amount of $125,408.04 ("Funds"); and
WHEREAS, pursuant to HOME regulation 24 CFR Part 92.503, program income and
recaptured funds must be used for eligible HOME activities; and
WHEREAS, the Department recommends the allocation of the Funds as specified in
Exhibit "A," attached and incorporated, which are 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 the Funds, as specified in Exhibit "A," attached and
incorporated, is authorized.'
Section 3. The City Manager is authorized' to negotiate and execute any and all
necessary documents, all in forms acceptable to the City Attorney, for said purpose.
Section 4. This Resolution shall become effective immediately upon its adoption.
' 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 1 of 2 File ID: 8722 (Revision:) Printed On: 412812021
File ID: 8722
Enactment Number: R-21-0168
APPROVED AS TO FORM AND CORRECTNESS:
1
ria i dez, C oty Attor iey 3/3012021
City of Miami Page 2 of 2 File ID: 8722 (Revision:) Printed on: 412812021