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HomeMy WebLinkAboutR-21-0311City of Miami f Legislation Resolution: R-21-0311 File Number: 9230 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 7/22/2021 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ACCEPTING EMERGENCY RENTAL ASSISTANCE 2 FUNDS IN THE AMOUNT OF $22,779,317.10 FROM THE UNITED STATES DEPARTMENT OF THE TREASURY; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, 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. WHEREAS, on February 11, 2021, pursuant to Resolution No. R-21-0065, the City of Miami ("City") accepted $14,130,464.60 from the United States Department of the Treasury ("Treasury") to establish an Emergency Rental Assistance Program; and WHEREAS, on May 7, 2021, the President of the United States, Joseph R. Biden, announced the allocation of $21.6 billion under the American Rescue Plan for Emergency Rental Assistance ("ERA 2") that was allocated to the Treasury for distribution to states and units of local government with more than 200,000 residents; and WHEREAS, on May 7, 2021, the Treasury published the allocations with the City being allocated an amount of $11,180,775.30 for a regular allocation and an additional allocation of $11,598,541.80 due to the City's status as a high -need City for a total amount of $22,779,317.10 ("Funds"); and WHEREAS, on May 22, 2021, the City received an allocation from the Treasury in the amount of $4,472,310.12 as a regular allocation and an amount of $4,639,416.72 as a high - need allocation; and WHEREAS, all funds received must be used to continue promoting housing stability for eligible households as stipulated in the guidance from the Treasury and as described in Exhibit "A," attached and incorporated; and WHEREAS, ERA 2 funds must be committed by September 30, 2025; and WHEREAS, the City's Administration recommends the acceptance of the Funds from the Treasury; 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 ERA 2 Funds from the Treasury are accepted. City of Miami Page 1 of 2 File ID: 9230 (Revision:) Printed On: 811712021 File ID: 9230 Enactment Number: R-21-0311 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, subject to all federal, state, and local laws that regulate the use of such funds. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: 1 Uri ndez, City ttor i ey 7/13/2021 ' 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. 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: 9230 (Revision:) Printed on: 811712021