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HomeMy WebLinkAboutR-21-0443City of Miami tn�l6_OF Legislation Resolution: R-21-0443 File Number: 9499 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 10/28/2021 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS, ALLOCATING EMERGENCY RENTAL ASSISTANCE PROGRAM 2 ("ERA2") FUNDS IN AN AMOUNT OF $22,779,317.10 FROM THE UNITED STATES DEPARTMENT OF THE TREASURY AS SET FORTH IN EXHIBIT "A," ATTACHED AND INCORPORATED, AND APPROVING THE PROGRAM SUMMARY FOR THE CITY OF MIAMI'S EMERGENCY RENTAL ASSISTANCE PROGRAM AND ERA2 TO PROVIDE FINANCIAL ASSISTANCE AND HOUSING STABILITY TO ELIGIBLE HOUSEHOLDS AS DESCRIBED IN EXHIBIT "B," 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, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS, FOR SAID PURPOSE. WHEREAS, on July 22, 2021, pursuant to Resolution No. R-21-0311, the City of Miami ("City") accepted $22,779,317.10 from the United States Department of the Treasury ("Treasury") to establish an Emergency Rental Assistance Program 2 ("ERAP 2"); and WHEREAS, the ERAP 2 funds must be allocated to continue promoting housing stability for eligible households as stipulated in the guidance received from the Treasury; and WHEREAS, ERAP 2 funds must be spent by September 30, 2025; and WHEREAS, of the $22,779,317.10, the City has received an amount of $9,111,726.84, 40% of the total funds expected from the Treasury; and WHEREAS, receiving the rest of the $22,779,317.10 is contingent on the City's ability to spend more than 75% of the funds already received by the City; and WHEREAS, the City's initial Emergency Rental Assistance Program ("ERAP 1") was established by Section 501 of Division N of the Consolidated Appropriations Act, 2021, Pub. L. No. 116-260 (Dec. 27, 2020) and by City Commission through Resolution No. R-21-0065 with funding from the Treasury; and WHEREAS, the City's Administration recommends the allocation of the ERAP 2 funds in an amount of $22,779,317.10 from the Treasury as set forth in Exhibit "A," attached and incorporated ("Funds"), and approving the updated program summary for ERAP 1 and ERAP 2 to provide financial assistance and housing stability to eligible households as stipulated in the guidance from the Treasury as described in Exhibit "B," attached and incorporated ("Program Summary"); NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: City of Miami Page 1 of 2 File ID: 9499 (Revision:) Printed On: 1111712021 File ID: 9499 Enactment Number: R-21-0443 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 described in Exhibit "A," attached and incorporated, is authorized.' Section 3. The Program Summary as set forth in Exhibit "B," attached and incorporated, is approved.' Section 4. The City Manager is authorized' to negotiate and execute any and all necessary documents, 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 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: I i 4nainde z�CityItOr ey 9/2912021 ' 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 2 of 2 File ID: 9499 (Revision:) Printed on: 11/1712021