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HomeMy WebLinkAboutR-21-0343City of Miami f Legislation Resolution: R-21-0343 File Number: 9442 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 9/13/2021 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE ACCEPTANCE OF STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") FUNDS IN THE AMOUNT OF $2,088,221.00 FOR FISCAL YEAR 2021-2022 FOR THE STRATEGIES UNDER THE CURRENT SHIP LOCAL HOUSING ASSISTANCE PLAN; 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, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS FOR SAID PURPOSE. WHEREAS, in July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act ("Sadowski Act") which allocates a portion of new and existing documentary stamp taxes, which were paid on the transfer of real estate, to local governments for the development and maintenance of affordable housing; and WHEREAS, the Sadowski Act provides a dedicated revenue source for affordable housing and has also created the Florida State Housing Initiative Partnership ("SHIP") Program; and WHEREAS, pursuant to Resolution No. R-19-0140 adopted April 11, 2019, the Miami City Commission approved the City of Miami's ("City") Local Housing Assistance Program ("LHAP") for the period of July 1, 2019 through June 30, 2022, allowing the City's continued participation in the SHIP Program; and WHEREAS, on July 21, 2021, the City was notified by the Florida Housing Finance Corporation of a distribution of SHIP funds in the total amount of $2,088,211.00 for State Fiscal Year (TY") 2021-2022; and WHEREAS, the City's Administration recommends the acceptance of SHIP funds in the amount of $2,088,211.00 for FY 2021-2022 for the strategies under the current SHIP LHAP; 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 acceptance of SHIP funds in the total amount of $2,088,211.00 for FY 2021-2022 for the strategies under the current SHIP LHAP is authorized.' City of Miami Page 1 of 2 File ID: 9442 (Revision:) Printed On: 912712021 File ID: 9442 Enactment Number: R-21-0343 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 and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: 1 i 4inde�k,�Cii y Attor iey 8/20/2021 ' 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: 9442 (Revision:) Printed on: 912712021