HomeMy WebLinkAboutR-03-0993J-03-701
9/4/03
03— 993
RESOLUTION NO.
A RESOLUTION OF THE MIAMI CITY COMMISSION
AMENDING RESOLUTION NO. 00-867, AS AMENDED
BY RESOLUTION NO. 02-14, BY CHANGING THE
COMPOSITION OF THE ELEVEN (11) MEMBER
HOUSING AND COMMERCIAL LOAN COMMITTEE
("LOAN COMMITTEE") TO THE FOLLOWING:
A CHAIRPERSON APPOINTED BY THE MAYOR, THREE
(3) MEMBERS WITH BACKGROUNDS RELATED TO
AFFORDABLE HOUSING DEVELOPMENT OR LENDING,
TWO (2) MEMBERS WITH PRIVATE REAL ESTATE
EXPERIENCE, ONE (1) MEMBER WITH PRIVATE REAL
ESTATE LENDING EXPERIENCE, TWO (2) MEMBERS
WITH PRIVATE COMMERCIAL BUSINESS EXPERIENCE,
ONE (1) MEMBER WITH PRIVATE COMMERCIAL
LENDING EXPERIENCE, AND ONE (1) MEMBER FROM
THE CITY ADMINISTRATION APPOINTED BY THE
CITY MANAGER; AUTHORIZING THE EXPANSION OF
THE LOAN COMMITTEE'S FUNCTIONS TO INCLUDE
THE APPROVAL OF AFFORDABLE HOUSING
CONSTRUCTION GRANTS AND/OR LOANS TO BE
PROVIDED. BY THE CITY THROUGH THE HOUSING
OPPORTUNITIES FOR PERSONS WITH AIDS
("HOPWA") PROGRAM.
"A# tomp- J
WHEREAS, Resolution No. 00-867, adopted September 28, 2000,
as amended by Resolution No. 02-14, adopted January 10, 2002,
authorized the establishment of an eleven (11) member Housing
and Commercial Loan Committee ("Loan Committee") to
approve/disapprove certain housing and commercial loans and/or
Rescinded by: 0-13030
CITY COMM
MEETING W,
i
S F 1 1 2003
Resolution No.
bJ3— 993
grants to be provided by the City of Miami ("City") through the
Community Development Block Grant, HOME Investment Partnerships
and State Housing Initiatives Partnership Programs; and
WHEREAS, Resolution No. 00-867, as amended by Resolution
No. 02-14, established the composition of the eleven (11) member
Loan Committee and directed each approved loan to be presented
to the State of Florida Financial Emergency Oversight Board for
review and final approval; and
WHEREAS, the City Commission wishes to expand the Loan
Committee's functions to include the approval of affordable
housing construction grants and/or loans to be provided by the
City through the Housing Opportunities for Persons With AIDS
("HOPWA") Program;
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.
Resolution
No. 00-867,
as
amended by
Resolution No.
02-14, adopted
January
10,
2002,
is further
Page 2 of 4 6
93- 993
amended in the following particulars:11
"RESOLUTION NO. 00-867
Section 3. The City Manager is hereby
authorized and directed to establish an eleven (11)
member Housing and Commercial Loan Committee to
approve/disapprove (1) certain housing and commercial
loans and/or grants to be provided by the City through
the CDBG, HOME and SHIP Programs, and (2) affordable
housing construction loans and/or grants to be
provided by the City funded by the HOPWA Program,
which shall be comprised as follows:
(a) ire a Chairperson appointed by the Mayor;
(b)
three (3) members with backgrounds related to
affordable housing development or lending;
(c) th=ee (3T two (2) members with private real estate
experience;
(d) wee—xflefabers one (1) member with private real estate
lending experience;
(e) two (2) members with private commercial business
experience;
(ef) hree—nenbers one (1) member with private commercial
lending experience; and
(-fa) three one (1) members from the City Administration,
appointed by the City Manager.
1� Words and/or figures stricken through shall be deleted. Underscored
words and/or figures shall be added. The remaining provisions are now
in effect and remain unchanged. Asterisks indicate omitted and
unchanged material.
Page 3 of 4
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final apreval .
Section (-149). *
Section (410). *
Section 3. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.V
PASSED AND ADOPTED this 11th day of September , 2003.
ATTEST:
PRISCILLA A. THOMPSON
CITY CLERK
00
APPROVED TO ORM-Jgl�OeCORRECTNESS
itEEJ RO—VILARELLO
CIT ATTORNEY
W7438:tr:BSS
2/ Words and/or figures stricken through shall be deleted. Underscored
words and/or figures shall be added. The remaining provisions are now
in effect and remain unchanged. Asterisks indicate omitted and
unchanged material.
Page 4 of 4 #j3— 993
TO
FROM
The Honorable
;mbers of
�
ola
nager
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
RECOMMENDATION:
12
SEP — 3 2003
DATE: FILE:
Changing Membership Structure
SUBJECT: & adding HOPWA housing to the
Loan Committee
REFERENCES: City Commission Agenda
September 11, 2003
ENCLOSURES:
It is respectfully recommended that the City Commission adopt the attached Resolution
authorizing the change in the composition of the eleven -member Housing and Commercial Loan
Committee (Loan Committee) to: one (1) Chairperson appointed by the Mayor, three (3)
members with backgrounds related to affordable housing development, two (2) members with
private real estate experience, one (1) member with private real estate lending experience, two
(2) members with private commercial experience, one (1) member with private commercial
lending experience, and one (1) member from the City Administration appointed by the City
Manager; and authorizing the extension of the Loan Committee's function to include the
approval / disapproval of affordable housing construction grants and loans to be provided by the
City through the Housing Opportunities for Persons with AIDS (HOPWA) Program; and further
releasing the City Manager from the obligation to present each loan approved by the Loan
Committee for review and final approval to the State of Florida Financial Emergency Oversight
Board, which was dissolved on December 18, 2001.
BACKGROUND:
Resolution No. 00-867, adopted September 28, 2000, authorized and directed the City Manager
to establish an eleven -member Loan Committee to approve/ disapprove certain affordable
housing and commercial loans and/or grants to be provided by the City of Miami. This
Resolution established the composition of the Loan Committee as:
• One (1) Chairperson, appointed by the Mayor
• One (1) member who is an active affordable housing provider
• Three (3) members with private real estate lending experience
• Three (3) members with private commercial lending experience, and
• Three (3) members from the City Administration, appointed by the City Manager.
It has been recommended by Loan Committee members that its representation be changed to
allow participation of both not-for-profit and for-profit developers. The following structure is
recommended:
• One (1) Chairperson, appointed by the Mayor,
• Three (3) members with backgrounds related to affordable housing development,
• Two (2) members with private real estate experience,
• One (1) member with private real estate lending experience,
MJ3- 993
• Two (2) members with private commercial experience,
• One (1) member with private commercial lending experience, and
• One (1) member from the City Administration, appointed by the City Manager.
Resolution No. 00-867 also directed the City Manager to present each approved loan to the State
of Florida Financial Emergency Oversight Board for review and final approval. On December
18, 2001, the Financial Oversight Board was dissolved.
The Loan Committee was established to approve/disapprove certain housing and commercial
loans and/or grants to be provided by the City of Miami through the Community Development
Block Grant (CDBG), Home Investment Partnerships (HOME) and State Housing Initiatives
Partnership (SHIP) programs. The Administration has been presented proposals for affordable
housing construction through the HOPWA program.
It is recommended that the City Commission adopt the attached Resolution authorizing the
change in the composition of the eleven -member Housing and Commercial Loan Committee
(Loan Committee) to: one (1) Chairperson appointed by the Mayor, three (3) members with
backgrounds related to affordable housing development, two (2) members with private real estate
experience, one (1) member with private real estate lending experience, two (2) members with
private commercial experience, one (1) member with private commercial lending experience,
and one (1) member from the City Administration appointed by the City Manager; and
authorizing the extension of the Loan Committee's function to include the approval / disapproval
of affordable housing construction grants and loans to be provided by the City through the
Housing Opportunities for Persons with AIDS (HOPWA) Program; and further releasing the
City Manager from the obligation to present each loan approved by the Loan Committee for
review and final approval to the State of Florida Financial Emergency Oversight Board, which
was dissolved on December 18, 2001.
The proposed Resolution does not have a budgetary impact on the General Fund.
LMH/BGR
93- 993
MLE`RK`S OFFICE
J-00-798
9/28/00
TEL:305-858-1610 Feb 13'01
RESOLUTION NO. w 00— 867
17:44 No.019 P.02
A RESOLUTION OF THE MIAMI CITY COMMISSION,
WITH ATTACHMENTS, RESCINDING RESOLUTION
NOS. 9B-580 AND 00-418 IN THEIR ENTIRETY,
THEREBY ABOLISHING THE HOUSING LOAN
COMMITTEE; FURTHER AUTHORIZING AND DIRECTING
THE CITY MANAGER TO ESTABLISH AN ELEVEN (11)
MEMBER HOUSING AND COMMERCIAL LOAN COMMITTEE
TO APPROVE/DISAPPROVE CERTAIN HOUSING AND
COMMERCIAL LOANS AND/OR GRANTS TO BE
PROVIDED BY THE CITY OF MIAMI THROUGH THE
COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG"),
HOME INVESTMENT PARTNERSHIP ("HOME") AND
STATE HOUSING INITIATIVES PARTNERSHIP
("SHIP") PROGRAMS; GRANTING AUTHORITY TO THE
HOUSING AND COMMER LOAX— COMMITTEE TO
APPROVE/DISAPPROVE LOAN APPLICATIONS FOR
FUNDING OF AFFORDABLE HOUSING PROJECTS AND
COMMERCIAL (BUSINESS) PROJECTS AND RELATED
TRANSACTIONS, INCLUDING, BUT NOT LIMITED TO,
SUBORDINATION AGREEMENTS, LOAN RESTRUCTURING
PLANS AND/OR LOAN REPAYMENT PLANS FOR
AFFORDABLE HOUSING PROJECTS AND COMMERCIAL
LOANS IN THE CITY'S LOAN PORTFOLIO;
AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE
TO APPROVE/DISAPPROVE SPECIFIC HOUSING LOANS
PROVIDED BY THE CITY THROUGH THE CITY'S CDBG
FUNDED SINGLE FAMILY REHABILITATION PROGRAM
AND SHIP FUNDED SINGLE FAMILY REHABILITATION
AND HOMEBUYERS FINANCING PROGRAM; DIRECTING
THE CITY MANAGER TO PRESENT EACH APPROVED
LOAN TO THE STATE OF FLORIDA FINANCIAL
EMERGENCY OVERSIGHT BOARD FOR REVIEW AND
FINAL APPROVAL; AND APPROVING THE CITY OF
MIAMI LENDING POLIO IDE"MS, ATTACHED
HERETO AND MADE A PART TO IMPLEMENT
THE COMMERCIAL LOAN PRORAM.
crff-COI�RiBSiml[
E?1ZiG QF.
ATTACHMENT (S) SEP 28 2000
-
CONTAINED.3- 99 '
9.
9.0 l,i
9.!)0-
CLE'RK'S OFFICE TEL:305-858-1610 Feb 13'01 17:44 No.019 P.03
WHEREAS, Resolution No. 98-580, adopted June 9, 1998,
authorized and directed the City Manager to appoint a seven
(7) member Housing Loan Committee for the purpose of
recommending approval/disapproval of loans and/or grants
provided by the City of Miami (the "City") through its
Community Development Block .G ("(LBG") funded Single
Family and Multifamily Reh4ilitation Programs, Home
Investment Partnership Program ("ROMEO), and the State
Housing Initiatives Partnership Programs ("SHIP"), in
response to findings and concerns identified by the U.S.
Department of Housing and Urban Development's District
Office of the Inspector General ("OIG") in its Audit Report
dated March 261 1998, regarding the City's loan
underwriting procedures; and
WHEREAS, the compositif fife Committee, approved
pursuant to Resolution No. '98-580, was comprised of a
Chairperson appointed by the Mayor, four (4) representatives
from the private sector with real estate lending and/or
affordable housing development experience and three (3)
representatives from the City Administration; and
WHEREAS, at its meeting of September 28, 1999, with the
adoption of Resolution No. 99-705, the city Commission approve
Pages 8 a-
CLERK'S OFFICE TEL:305-858-1610 Feb 13'01 17:45 No.019 P.04
a modification to the City of Miami Local Housing Assistance
Plan for the SHIP Program, resulted in the expansion of
the number of housing assistance programs available to very low,
low and moderate income families residing in the City of Miami;
and
WHEREAS, since October 1999, with the establishment of the
Homebuyers Financing and single Family Rehabilitation Programs,
which provide a maximum of up to $40,000 in financial assistance
to eligible households for the purchase of a home or the
rehabilitation of an existing home, respectively, the City has
..
.doftb. 40 -
experienced a substantial increase and demand from potential
'w
homebuyers and current homeowners for financial assistance; and
WHEREAS, pursuant to Motion -99-976, adopted December 14,
1999, the City Commission authorized and directing the City
Manager and the City Attorney to proceed with the termination or
winding down of the agreement with Miami Capital Development,
Inc. and obtain the loan portfolio from said entity; and
WHEREAS,
subsequently,
Reao ,on
1g,. 98-580
was
amended by
the adoption
of Resolution
No. 09-418
on May 11,
2000,
to change
the designation of individuals to be appointed as members of the
City Housing Loan Committee by (1) eliminating the appointment
;J3-- 993
;,> Page 3 of 8
CLERK' -S OFFICE TEL:305-858-1614 Feb 13'01 17.45 No -019 P.05
of an individual representing Miami Capital Development, Inc.,
(2) providing for the appointment of a third member with private
real estate lending experience, and (3) providing for the City
Manager's appointment of individuals from the Departments of
Planning and Zoning and Real Estate and Economic Development as
eligible members of said Committee; and
WHEREAS, pursuant to Resolution No. 00-413, adopted May 11,
2000, the City Commission designated the Little Haiti Credit
Union and Latin Chamber of Commerce (CAMACOL) as the
administrative entities to assist the City in its efforts to
reestablish a Commercial Loan Program that creates a
public/private partnership to stimulate business development and
growth in the City; and
WHEREAS, pursuant to Resolution No. 00-755, adopted
September 14, 2000, the City-ssion designated the Tacolcy
Economic Development Corporation, Inc. as an administrative
entity to assist the City in its efforts to reestablish a
Commercial Loan Program that creates a public/private
partnership to stimulate business development and growth in the
City; and
"j3- 993
Page 4 of 8
CLERK'S OFFICE
TEL:305-858-1610
Feb 13'01 17:45 No.019 P.06
WHEREAS, presently the Department of Community Development
is responsible for servicing the loan portfolio previously
originated.and managed by Miamia 'tat Development, Inc.; and
WHEREAS, the City Commission directed the Administration to
develop guidelines for the Commercial Loan Program; and
WHEREAS, in an effort to be more responsive to the
residents of the City, it is recommended that the City
Commission grant authority to the City Manager or his designee
to approve/disapprove specific housing loans provided by the
City through the CDBG and SHIP funded Single Family
Rehabilitation and Homebuyers..' Financing. Programs and to
establish a Housing and Commercial Loan Committee consisting of
eleven (11) members and further directed the Administration to
develop guidelines for the Commercial Loan Program; and
WHEREAS, to accomplish the foregoing, it is in order for
the City Commission to rescind Resolution Nos. 98-580 and
00-418, in their entirety, to abolish the existing Housing Loan
Committee, and replace same with a newly established Housing and
Commercial Loan Committee; and a
Page 5 of 8
93- 993
CLERK'S OFFICE
TEL:305-858-16
a Feb
13'01 17:46 No.019 P.07
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 hereby adopted by reference and
incorporated as if fully set forth in this Section.
Section 2.
Resolution 1Vqffl!.'98-5,A_0,
adopted June 9,
1998.,
and Resolution
No. 00-418, addgP't�ed May
11, 2000, are
hereby
rescinded in their entirety, thereby abolishing the Housing Loan
Committee created pursuant to said Resolutions.
Section 3. The City Manager is hereby authorized and
directed to establish an eleven (11) member Housing and
Commercial Loan Committee to approve/ disapprove certain housing
and commercial loans and/or grants to be provided by the City
through the CDBG, HOME and SHIP Programa which shall be
comprised as follows: •- a.
(a) the Chairperson appointed by the Mayor;
(b) one (1) member who is an active affordable
housing provider;
(c) three (3) members with private real estate
lending experience;
(d) three (3) members with private commercial lending
experience; and
;:l3- 993
Page 6 of 8
CLERK'S OFFICE
I
(e)
TEL:305-858-1610 Feb 13'01 17:46 No.019 P.08
three (3) members appointed by the City Manager
from the City Administration.
Section 4. Except as provided in Section 5 herein, the
City of Miami Housing and C.g=Aft ial 4Toan Committee is hereby
granted the authority to approve or disapprove all loan
applications for funding of affordable housing projects and
commercial (business) projects and related transactions
including, but not limited to, subordination agreements, loan
restructuring plans and/or loan repayment plans in the City's
loan portfolio.
Section 5. The City Manager or his designee is hereby
authorized to approve or disapprove specific housing loans
provided by the City throu§ the City's CDBG funded Single
Family Rehabilitation Program (one to four units) in an amount
not to exceed $80,000 per transaction, and SHIP funded Single
Family Rehabilitation and Homebuyers Financing Programs in an
amount not to exceed $40,000 per transaction.
Section 6. The City Manager is hereby directed to present
each approved loan transaction to the State of Florida Financial
Emergency Oversight Board for review and final approval. -
'w
Page 7 of 8
iJ3- 993
CLERK'S OFFICE TEL:305-858-1610 Feb 13'01 17:47 No.019 P.09
Section 7. The City of Miami Lending Policy Guidelines,
attached hereto and made a part hereof, to implement the
Commercial Loan Program are hereby approved.
Section B. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.' -'l
PASSED AND ADOPTED this 28th day of September , 2000.
JOE CAROLLO, MAYOR
r did not W"% gPPM"' of
In accordance wfth Miami Code Sec, 2.36, since ' sad 19oww' nO;"
We leg k*wn tv signIn9 it in the des n fromP eGfyCn
of c we with the elapse of ten ( )
ATTEST:
WALTER J. FOEMAN, CITY CLERK
APPROVE FORD CORRECTNESS t-
682:DF:IT:BSS
1� If the Mayor does not sign this Resolution, it shall become effective
at the end of ten calendar days from the date it was passed and
adopted. If the Mayor vetoes this Resolution, it shall become
effective in nediately upon override of the veto by the City Commission.
^J3- 993
Page 8 of 8
JEB BUSH
GOVERUNOR
December 14, 2001
OVE SIGIff BOARD
150 West Flagler Street. Suite 1815 Maria Camila Leiv.
Miami, Florida 33130
Chairman
Phone (305) 347-5633 Fax (305) 371-3160 SharonBro`vn
Gabriel Bustamantf
Reginald Clyne
Sheldon Schneider
The Honorable Jeb Bush, Governor
State of Florida
The Capitol, PL 05
Tallahassee, Florida 32399-0001
Dear Governor Bush:
Attached is the Final Report of the Financial Oversight Board (FOB) for the City of
Miami, we plan to adopt this report as our final action at our final meeting on December
18. This report outlines the work of the FOB over the past five years, successfully
concluding the period for the FOB pursuant to the Intergovernmental Cooperation
Agreement (ICA) with the City of Miami.
The City's external auditors have provided affirmation that the City has ended each of the
past five fiscal years with balanced operations. Pursuant to its' terms, the ICA terminates
once the City has ended each of the past five fiscal years with balanced operations. No
other financial emergency conditions have arisen concluding the terms of the ICA.
Therefore, the FOB is dissolved with the end of the ICA. We do however recommend
that you should not declare the financial emergency over pursuant to s. 218.504 F.S. until
the external auditor has issued the FY 2000-01 audit, expected for release in March 2002.
We would like to thank former Mayor Carollo and the City Commission as well as the
City's staff for their dedicated effort to complying with the ICA. This process would not
have been successful without their complete commitment to its terms and conditions. We
appreciate the hard work of all past FOB members and the staff to the FOB, all of whom
made significant contributions to the success of this process. Lastly, the FOB would like
to thank you, Governor Bush for your continued support of this process over the past
three years.
Sincerely,
mae"(?. n, �G
Maria Camila Levia, Chair
Sharon Brown, Vice Chair
.It, . jk- )�,�....
Sheldon Schneider
M. B stamante
�J3- 993
r
JEB BUSH
STATE OF FLO"A
off lee of the Oob error
THE 0011TOL
TALLAHASSIItr. FLORIDA 33344.0001
WwwAPT.00m
850.4$4148
NO -487-4801 fm
March 19, 2002
The Honorable Manuel A. Diaa
Mayor. City of Miami
3500 Pan American Drive
P. O. Box 330708
Miami, FL 33233-0708
D=ar 14ayor Diaz:
My offtine has reviewed the Comprehensive Annual Financial Report of the City of
Miami for the fiscal year ending September 30. 2001, and submitted to me pursuant to
the fing action of the Financial Oversight Board. Tho Report confirms the City has
impicreeA#ed an effective accounting and reporting system and has now eliminated the
financial emergency conditions which previously existed. No new financial emergency
conditions wore identified by the independent auditor, KPMG.
In accordance with F.S. 218.504, I hereby declare that the City of Miami is no lodger in a
state of financial emergency. I offer my sincere congratulations to the people of Miami,
its elected leaders and city employers for their hard work, dedicadon and commitment to
resolving the financial emergency and re-establishing a system of sound financial
inanagement.
Sincerely,
Jeb Bush
JB:idh
5 Rxb=x trxu-'-I -07
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3-
993
' BB The Herald www.heraid.com SATURDAY, AUGUST 30, 2003 F r
The Miami City Commission will hotel a Public Hearing
City of Miami to dusnmss issues relating to the Community
Department of Community Development Development block Grant and other HUD Programs.
Tuesday, September 11, 2003,30 PA.
City of uWad Commission Clamber
3500 Pan American Drive
Miand, Rwida
Federal regulations governing the City of Miami CDBG program requires that a participating jurisdiction provide citizens
with reasonable notice of and an opportunity to comment on any amendments to the CDBG program. Additionally, the
public is being advised of amendments to the CDBG funds program all of which amendments are indicated below:
1. Discussion and proposed resolution granting an extension from December 28, 2002 to January 9, 2003, to
Palmetto Homes of Miami, Inc., to complete the construction of three (3) single family homes affordable to
families and individuals of very low, low and moderate income on formerly city -owned parcels in the Model
City neighborhood; stating the intention of the City Commission related to the date of conveyance of title to
said parcels.
2. Discussion and proposed resolution deobligating 28" Year Community Development Block Grant (CDBG) Funds
in the amount of $31,000 from Saint John Bosco Church in District 3 and reallocating the funds to the City of
Miami Department of Capital improvement Projects to upgrade the air conditioning in the Manuel Artime
Building, for improvement of energy efficiency, to be completed by September 30, 2004.
3. Discussion and proposed resolution transferring 28" Year Community Development Block Grant (CDBG)
Program Funds in the Public Services Category in District 5 of $9,138.81 from James E. Scott Community
Association, InclCommunity Awareness Program to Wad of Life Community Development Corporation for
Public Services activities in District 5.
4. Discussion and proposed resolution authorizing the change in the composition of the eleven (11) member
Housing and Commercial Loan Committee to: one (1) chairperson appointed by the Mayor, three (3) members
with backgrounds related to affordable housing development, two (2) members with private real estate
experience, one (1) member with private real estate lending experience, two (2) members with private
commercial experience, are (1) member with private commercial lending experience, and one (1) member
from the City Administration appointed by the City Manager and authorizing the extension of the Loan
Committee's function to include the approval/disapproval of affordable housing construction grants and loans
to be provided by the City through rine Housing Opportunities for Persons with AIDS (HOPWA) Program; and
further releasing the City Manager from the obligation to present each Loan approved by the Loan Committee
for review and final approval to the State of Florida Financial Emergency Oversight Board, which was
dissolved on December 18, 2001.
5. Discussion and proposed resolution authorizing a charV in the properties lo be purchased by MOVERS, Inc.
with Housing Opportunities for Persons with AIDS (HOPWA) hats from properties adjacent to the Sugar Hill
facility to properties in the area around the Sugar Hill facility; and further authorizing the expansion of the
project to be developed on the properties from seventeen (17) housing units to no more than fifty-two (52)
king term horsing units plus no more than ten (10) units of emergency transitional housing.
6. Discussion and proposed resolution authorizing the deobligation of 28" Year Community Development Sbdk
Grant (CDBG) funds an the amount of $484,580.43 from the Section 108 Loan Gnauauntee Program and further
reallocating said funds to the Housing Loan Recovery Wird for the purpose of protecting rine City's Housmg
Loan Portfolio.
7. Discussion and proposed resolution allocating Community Development Block Grant (CDBG) funds from the
previously approved District 5 Little Haiti ,rob Creation Pilot Project Set -Aside in the amount of $90,000 to
Neptune and Son Restaurant and Beauty Shop, Corp. for the restaurant and $60,000 to Neptune and Son
Restaurant and Beauty Shop, Corp. for the Beauty Parlor in the form of five (5) year deferred, forgivable loans
with the provision that the funds be used to create and maintain new employment oppa4mities for residents
of the Little Haiti neighborhood for a period of five (5) years, subject to submission of evidence of available
financing to complete each project.
Interested individuals are encouraged to attend this Public Hearing. The meeting site is accessible to the handicapped.
(Ad No. 11564)
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