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HomeMy WebLinkAboutR-21-0423City of Miami tn�l6_OF Fa. V Legislation *tliti fill! IiRl 11 +*� Resolution: R-21-0423 File Number: 10785 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 10/14/2021 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ALLOCATING PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS GENERATED FROM FEBRUARY 1, 2021 TO AUGUST 31, 2021 IN THE AMOUNT OF $182,617.11 FOR ELIGIBLE HOUSING AND ECONOMIC DEVELOPMENT ACTIVITIES SPECIFIED IN EXHIBIT "A," ATTACHED AND INCORPORATED; 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. WHEREAS, the Department of Housing and Community Development ("HCD") receives various types of repayments from loans provided to developers and homeowners; and WHEREAS, from February 1, 2021 to August 31, 2021, HCD collected $182,617.11 in Community Development Block Grant ("CDBG") program income; and WHEREAS, pursuant to CDBG regulation 24 CFR Part 570.504, program income must be used for eligible CDBG activities; and WHEREAS, HCD recommends the allocation of the program income generated from February 1, 2021 to August 31, 2021 in the total amount of $182,617.11 to the activities specified in Exhibit "A," attached and incorporated, which are eligible CDBG 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 CDBG program income generated from February 1, 2021 to August 31, 2021 in the amount of $182,617.11 to the categories 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: 10785 (Revision:) Printed On: 1012512021 File ID: 10785 Enactment Number: R-21-0423 APPROVED AS TO FORM AND CORRECTNESS: 1 Vft6ria-Vrdel, City Attor iey 10/412021 City of Miami Page 2 of 2 File ID: 10785 (Revision:) Printed on: 1012512021