Loading...
HomeMy WebLinkAboutAgenda Item Summary FormG1�Y OF "v AGENDA ITEM SUMMARY FORM File ID: #9230 Date: 06/14/2021 Requesting Department: Department of Housing and Community Development Commission Meeting Date: 07/22/2021 Sponsored By: District Impacted: All Type: Resolution Subject: Accept - Emergency Rental Assistance 2 Funds Purpose of Item: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE ACCEPTANCE OF EMERGENCY RENTAL ASSISTANCE 2 ("ERA 2") FUNDS IN AN AMOUNT OF $22,779,317.10 FROM THE UNITED STATES DEPARTMENT OF THE TREASURY AND AUTHORIZING THE ALLOCATION OF SUCH FUNDS TO PROVIDE ASSISTANCE TO ELIGIBLE HOUSEHOLD AS STIPULATED IN THE GUIDANCE FROM THE UNITED STATES DEPARTMENT OF THE TREASURY; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE NECESSARY TO IMPLEMENT THE ALLOCATIONS, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS. Backaround of Item: On February 11, 2021, pursuant to Resolution No. 21-0065, the City of Miami accepted the amount of $14,130,464.60 from the United States Department of the Treasury ("Treasury") to establish of an Emergency Rental Assistance Program. On May 7, 2021, the President of the United States announced the allocation of the additional $21.6 billion under the American Rescue Plan for Emergency Rental Assistance (ERA 2), that was allocated to the United States Department of the Treasury ("Treasury") for distribution to states and units of local government with more than 200,000 residents. On May 7, 2021, the Treasury published the allocations, with the City being allocated an amount of $11,180,775.30 for regular allocation and an additional $11,598,541.80 as a high -need City for a total amount of $22,779,317.10. On May 22, 2021, the City received an allocation from the Treasury in the amount of $4,472,310.12 for the regular allocation and an amount of $4,639,416.72 as a high -needs allocation. The funds must be used to continue promoting housing stability for eligible households as stipulated in the guidance from the Treasury, as described in Exhibit "A". ERA 2 funds must be committed by September 30, 2025. The City's Administration recommends the acceptance of the Emergency Rental Assistance 2 ("ERA 2") funds in an amount of $22,779,317.10 from United States Department of the Treasury and authorizing the allocation of such funds as described in Exhibit "A", attached and incorporated, to prevent evictions and ensure basic housing security to those impacted by the COVID-19 pandemic. Budget Impact Analysis Item has NO budget impact Item is NOT Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: $22,779,317.10 Special Revenue Account No: 14020.910101.431000 Reviewed By Department of Community and Economic Development Review Completed 06/29/2021 9:59 AM Office of Management and Budget Luis Hernandez -Torres Office of Management and Budget Leon P Michel City Manager's Office Fernando Casamayor City Manager's Office Arthur Noriega V Legislative Division Valentin J Alvarez Office of the City Attorney Richard Appleton Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria Mendez City Commission Nicole Ewan Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office Office of the City Clerk City Clerk's Office George Mensah Department Head Budget Analyst Review Completed Budget Review Completed Assistant City Manager Review Completed City Manager Review Completed Legislative Division Review Completed ACA Review Completed Deputy City Attorney Review Completed Approved Form and Correctness Completed Meeting Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Completed 07/01/2021 11:30 AM 07/06/2021 11:58 AM 07/07/2021 12:18 PM 07/07/2021 10:06 PM 07/08/2021 8:42 AM 07/13/2021 4:19 PM 07/13/2021 4:24 PM 07/13/2021 6:41 PM 07/22/2021 9:00 AM 08/02/2021 4:44 PM 08/02/2021 4:48 PM 08/02/2021 4:48 PM �tzY,°v City of Miami City Hall " * `IIL111 IIATtA k ' „ 11 Legislation 3500 Pan American Drive Miami, FL 33133 r R % www.miamigov.com Resolution Enactment Number: R-21-0311 File Number: 9230 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. 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: l i ria i "ndez, ity Attor 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. Z 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.