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HomeMy WebLinkAboutR-00-0170J-00-147 2/17/00 ® 01*1 u A ,�y�,, -1 RESOLUTION NO. 7 ARRESOLUTION OF THE MIAMI -CITY COMMISSION AUTHORIZING THE- ALLOCATION OF FUNDS, IN AN AMOUNT NOT TO EXCEED $2,205,000, IN THE AMOUNTS SPECIFIED HEREIN AND SUBJECT TO CERTAIN TERMS AND CONDITIONS, TO FOUR (4) AFFORDABLE HOUSING DEVELOPERS FROM THE CITY OF MIAMI'S FISCAL YEAR 1999-2000 HOME INVESTMENT PARTNERSHIP PROGRAM, IN CONNECTION WITH THE DEVELOPMENT OF APPROXIMATELY 697 UNITS OF AFFORDABLE RENTAL HOUSING IN THE. CITY; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENT(S), IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. WHEREAS, a severe shortage of affordable housing exists in the City of Miami ("City")for families and individuals of very low, low, and moderate income; and WHEREAS, the City Commission recognizes that the participation of both the public and private sector is necessary to foster the development of affordable housing in the City; and WHEREAS; in July 1999, pursuant to Resolution No. 99-429, the City Commission approved and adopted the City's Five -Year Consolidated Plan (1999-2004) for the use of funds received by the City from the U.S. Department of Housing and Urban Development (US HUD) to implement the following programs: Community Development Block Grant, ("CDBG"), HOME Investment CITY COMMISSION FEBMEETING OF 17 2000 olution 1o.7 Partnership ("HOME"),- Emergency Shelter Grant ("ESG"), and the Housing Opportunities for Persons With AIDS ("HOPWA"); and WHEREAS, in July 1999, pursuant to Resolution No. 99-606, the City Commission amended Resolution No. 99-429 and the City's Five -Year Consolidated Plan (1999-2004) in the Affordable Housing category to set forth a policy establishing 75% of available funding to support homeownership activities, and 25% to support rental housing activities; and WHEREAS, in October 1999, the City advertised a Notice of Funding Availability under the HOME Investment Partnership Program in the amount *of $915;188 available through the Multi -Family Rental New Construction Program category; and WHEREAS, on October 29, 1999, funding proposals were received from both not-for-profit and for profit housing developers in response to the City's Request for Proposals (RFP) under the CDBG, HOME, SHIP and HOPWA Programs; and WHEREAS, based on the number of funding proposals received by the City, the Department of Community Development has made available an additional $350,000 in HOME Program funds from the Fiscal Year 1999-2000 Community Housing Development Organization (CHDO) category and $940,000 from the City's projected Fiscal Year 2000-2001 HOME Program allocation from US HUD; and WHEREAS, based on the additional funds to be allocated, in an amount not to' exceed $1,290,000, funds in the approximate amount of $2,205,000 exists in the Multifamily Rental New Construction Program category; and Page 2 of 5 WHEREAS, based on the funding proposals received by the City for HOME funds available through the HOME Multifamily Rental New Construction Program category and recommendations of the City's Housing Loan Committee, funding is recommended to the following housing developers, subject to compliance with certain terms and conditions: CODEC, Inc., St. Martin Affordable Housing, Ltd., Gatehouse Development Corporation/Jubilee Community Development Corp., and Pinnacle Housing Group, Inc.; 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 thereto and incorporated herein as if fully set forth in this Section. Section 2. The allocation of funds, in an amount not to exceed $2,205,000, is hereby authorized to four (4) affordable Housing Developers in connection with the development .of approximately six hundred ninety-seven (697) units of rental housing in the City from the City's. Fiscal Year 1999-2000 and Fiscal Year 2000-2001 HOME Investment Partnership Programs in the amounts stated hereinbelow, subject to the conditions that (1) financing to complete construction of the project must be secured on or before December 31, 2000, and (2) approval,must be granted from the State of Florida's Housing Credit Program or 17U Page 3 of 5 the Department of Housing and Urban Development for assistance in financing each of the proposed housing projects: Developer's Name Project Name/Location CODEC, Inc. Vista Alegre Apartments 2235 S.W.8th Street St. Martin Affordable Miami Stadium Apartments Housing, Ltd. - 2301 N.W. 10th Avenue Gatehouse Development Corporation/Jubilee Community Development Corp. Brisas del Mar Apartments 464 West Flagler Street Amount $140,000 not to exceed 500,000 540,000 Pinnacle Housing Rayos del Sol Apartments not to exceed Group, Inc. N.W. 13th Avenue between 1,025,000 N.W. 1St and 2nd Streets not to exceed Total $2,205,000 Section 3. The City Manager is hereby authorized" to execute the necessary document(s), in a form acceptable to the City Attorney, for said purpose. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor./ i� The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions. zi 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. U"7V Page 4 of 5 • PASSED AND ADOPTED this 17th day of February 2000. JOE CAROLLO, MAYOR In accordance with Miami Code Sec. 2.3r, since this Mayo, did not indicote approvi l of this legislation by signing it in the designated place provided, sald legislf 3 ova becomes effective with the elapse often (10) days fro the date of Commis tion regarding same, without the Mayor exercising ve ATTEST: Y Walter J. F ® an, City Clerk WALTER J. FOEMAN CITY CLER*42 APPRDS TO FORM D CORRECTNESS :V T W4153:hdb:RCL:BSS Page 5 of 5 TO FROM • CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM The Honorable Mayor and Members of the City ission ona :Warshaw City Manager RECOMMENDATION: DATE: FEB 8 2000 FILE : SUBJECT: Resolution Allocating $1,615,000 in HOME Program Funds for Rental* REFERENCES: Housing Development City Commission Meeting of ENCLOSURES: February 17, 2000 It is respectfully recommended that the City Commission adopt the attached resolution to finance and develop four (4) affordable rental housing projects which are being proposed in the City. The attached resolution authorizes the City Manager to allocate FY 1999-2000 HOME Investment Partnership Program funds to the four (4) affordable housing developers in the amounts stated in Section 2 of this Resolution in connection with the development of six hundred ninety-seven (697) housing units, subject to compliance with certain terms and conditions. The attached resolution further authorizes the City Manager to execute the necessary documents in a form acceptable to the City Attorney for said purpose. BACKGROUND: In July of 1999, through Resolution No. 99-429, the City Commission approved and adopted the City's Five -Year Consolidated Plan (1999-2000), which outlined the City's proposed use of funds received from the U.S. Department of Housing and Urban Development (HUD) to implement the Community Development Block Grant (CDBG) Program, HOME Investment Partnership (HOME) Program, Emergency Shelter Grant (ESG) Program and the Housing Opportunities for Persons With AIDS (HOPWA) Program. At its meeting of August 2, 1999, through Resolution No. 99-606, the City Commission amended Resolution No. 99-429 and the Consolidated Plan to establish housing priorities in the new construction housing category which would include homeownership and rental as housing priorities, with seventy-five percent (75%) of the available funding to support new homeownership activities and twenty-five percent (25%) to support newly constructed rental projects. On October 29, 1999, funding proposals were received from both not-for-profit and for-profit developers, in response to the City's Request for Proposals (RFP) for funding under the Community Development Block Grant (CDBG), HOME Investment Partnership (HOME), State Housing Initiatives Partnership (SHIP) and Housing Opportunities for Persons With AIDS Programs (HOPWA). In response to the City's solicitation for funding proposals for the production of new affordable rental housing units in the City through the RFP process, the City received proposals from seven (7) ®®- 170 • • affordable housing developers, totalling approximately $12,826,190 for the construction and/or rehabilitation of approximately nine hundred and six (906) units. Through the RFP process, $915,188 was advertised in the Notice of Funding availability for rental projects. Based on .the number of funding proposals which were received by the City and the attempt to maximize the number of new affordable rental housing units proposed for construction in the City, the. Department of Community Development identified an additional $350,000 from the $732,150 available in the FY 1999-2000 HOME Program funds from the Community Housing Development Organization (CHDO) category. In addition, the Administration recommends that $350,000 be taken from the City's projected FY 2000-2001 HOME Program allocation that will be available October 1, 2000. As a result, $1,615,188 in funding is being made available by the City through the Multifamily Rental New Construction Program category. At its meetings held January 26, 2000 and February 1, 2000, several housing proposals which were submitted to the City in response to the RFP for funding under the HOME Multifamily Rental New Construction Program category. were presented for the Housing Loan Committee's review . and consideration, pursuant to Resolution No.: 98-580, adopted June 9,1998. The current composition of the Committee consists of a Chairperson, four (4) representatives from the private sector real estate lending and/or affordable housing development' experience, and three (3) . representatives from the Departments of Community Development, Finance and Public Works. Presently, two (2) vacancies exist on the Committee with the retirement of Mr. Jim Kay, former Director of Public Works, and resignation of Mr. William Little, who previously represented the individual with affordable housing development experience. Based on the Department of Community Development's review of the seven (7) funding proposals, two (2) were found to be either non-responsive to the RFP' or did not meet the City'sminimum leverage ratio of one (1) to five (5) for rental, housing projects, pursuant to Resolution No. 98-587, adopted on June 9, 1998, and were not presented to the Housing Loan Committee for consideration. The two (2) proposals in question were submitted by. Miami -Dade Community Development Corporation for $600,000 and Metro -Miami Community Development Corporation for $650,000. The housing proposal submitted by New Century Development Corporation calls for the development of one hundred twenty-eight (128) garden apartments. The proposed $11.8 million Allapattah Garden Apartments Project is proposed for development on a 4.6 acre parcel of land located at Northwest 33`d and 36''' Streets between Northwest 11" Court and 11' Place. The project will consist of twenty-eight (28) 2 bedroom/2 bath units and one hundred (100) 3 bedroom/2 bath units. To date, the -project sponsor has received approximately $500,000 in Surtax Program funds from Miami -Dade County. The Housing Loan Committee did not recommend approval of New Century Community Development's request for $500,000 in funding due to the organization's lack of an extensive track-, record in the provision of affordable housing and the organization's limited staff capacity. Presently, New Century. Development Corporation has only. one employee which is the President and has completed only one (1) housing project since 1993, involving the construction of five (5) single family homes. Vo 170 2 Based on the preliminary recommendations of the Housing Loan Committee at its meeting of February 1, 2000, HOME Program ,funding in the Multifamily Rental New Construction Program category is recommended for the following affordable housing projects: Developers Name CODEC, Inc. St. Martin Affordable Housing, Ltd. Gatehouse Development Corporation/Jubilee Community Development Corporation Project Name Vista Alegre Apartments Miami Stadium Apartments Brisas del Mar Apartments Pinnacle Housing Group, Rayos del Sol Inc. Apartments Total Number of Units 100 199 199 199 697 Amount Recommended $140,000 250,000 540,000 685,000 $1,615,000 The housing proposal submitted by CODEC, Inc. calls for the development of a nine (9) story hi -rise containing one hundred (100) apartment units for the elderly. The proposed Vista Alegre Apartments is scheduled for development on a site located at 2235 S.W. 8t' Street. The proposed $7.3 million project will consist of ninety-nine (99) 1 bedroom- I bath units and one (1) 2 bedroom for the apartment manager. To date, CODEC, Inc. has secured $7,166,000 in Section 202 Program funding reservations from the U.S. Department of Housing and Urban Development to construct the proposed housing project. During the design phase and soil borings performed by the project sponsor, it was discovered that the project site did not have the capacity to maintain the nine (9) story structure with a simple spread or mat foundation, and that additional support for the building's foundation would be required. As a result, through the RFP process, CODEC, Inc. made a request for $150,000 in HOME Program funds to address the cost of providing additional support (piling) for the building's foundation. Funding in the amount of $140,000 has been recommended by the City's Housing Loan Committee to assist the organization in defraying the cost of the additional foundation work required. On January 4, 2000, the State of Florida's Florida Housing Finance Corporation published its Notice of Funding Availability through the HOME Investment Partnership Program, State Apartment Incentive Loan (SAIL) Program and Housing Credit Program for the production of rental housing affordable to low and very low income families and individuals statewide. The deadline for the submission of funding applications to the Florida Housing Finance Corporation by prospective developers of affordable rental housing is March 8, 2000. Four (4) of the five (5) funding proposals received through 00- 170 • • the RFP solicitation, all involved housing projects to be financed in part with funding though the, Housing Credit Program. In order for a developer to be successful in receiving funding through the aforementioned program, it is necessary that each applicant receive a minimum- local contribution of $1 million from the jurisdiction where the project is planned. A local contribution could include financial assistance, donation of publicly -owned land, and waiver of impact fees by the local jurisdiction. The St. Martin Affordable Housing, Ltd.'s proposal calls for the development of one hundred and ninety-nine (199) garden apartments to be developed on the Bobby Maduro Stadium site located at. 2301 N.W. 10''' Avenue. The proposed $16.8 million Miami Stadium Apartments Project .will consist of forty-nine (49) 1-bedroom/1 bath units, one hundred (100) 2-bedroom/2 bath units, and fifty (50) 3- bedroom/2 baths units. Through the RFP process, the developer has requested $915,188 in funding from the City for the development of the proposed project. To date, the developer has received $500,000 in Surtax Program funding from Miami -Dade County, and it is estimated that the project may receive approximately $.500,000 in impact fee waivers from both the City and Miami -Dade County. In an effort to assist the abovementioned developer in meeting .the local contribution threshold for its application to the Florida Housing Finance Corporation, $250,000 in HOME Program funding has been .recommended by the Housing Loan Committee in connection with the development of the proposed Miami Stadium Apartments Project. The housing proposal submitted by the Gatehouse Development Corporation and Jubilee Committee Development Corporation calls for the development of one hundred and ninety-nine (1'99) apartment units on a two (2) acre site located at 464 West Flagler Street. The proposed fourteen (14) story Brisas del Mar Apartments Project will -consist of sixty-nine (69) 1 bedroom/l bath units,, seventy (70) 2 bedroom/l bath units, and sixty (60) 3 bedroom/2 bath units. Through the RFP process, the developer has requested $950,000 in funding from the City for the development of the proposed project. In an effort to assist the. above mentioned developer to meet the local contribution threshold for submission of the application to the Florida Housing Finance Corporation, $540,000 in HOME Program funding has been recommended by the Housing Loan Committee in connection with the development of the proposed $18.1 million Brisas del Mar Apartments Project. It is estimated that the project may receive an additional $295,000 in impact fee waivers from both the City and Miami -Dade County.' The housing proposal submitted by Pinnacle Housing Group', Inc.'s proposal calls for the development of a twelve (12) story structure consisting of one hundred and ninety-nine (199) units to be developed on a 1.66 acre parcel. located at Northwest 13' Avenue between Northwest 15` and 2"d Streets, in.the Latin Quarter District. The proposed $21:5 million Rayos del Sol Apartments Project will consist of one hundred thirty-nine ( 13 9) 2 bedroom/I bath units and sixty (60) 3 bedroom/2 bath units. Through the RFP process, Pinnacle Housing Group, Inc. has requested $1,250,000 in city financial assistance to assist in partwith the financing of the proposed project. Funding in the amount of $685,000 was recommended by the Housing Loan Committee in an effort to assist the developer in meeting the local contribution threshold for submission of their funding application to the Florida Housing Finance Corporation. It is estimated that .the project may be eligible to receive approximately $317,000 in 'impact fee waivers from both the City and Miami -Dade County. 4 The above mentioned $1,615,100 in funding which is being recommended by the Department of Community Development, would be subject to final ratification of the specified amounts by the City's Housing Loan Committee at its meeting of February 16, 2000. In addition, the said funding allocations would be subject to each of the developers securing (1) financing in an amount necessary to complete the construction of each project from other public and private sources, and (2) approval of financial assistance from the Florida Housing Finance Corporation through the State of Florida's Housing Credit Program or the U.S. Department of Housing and Urban Development to complete the construction of the project on or before December 31, 2000. In an effort to expand the availability of new rental housing units in the City which would be affordable to low and very low income families and individuals, City Commission adoption of the attached resolution is recommended. -:,L JFL/G /JBH 00- 170 5 -s NOTICE OF PUBLIC HEARING A Public Hearing will be held to discuss The City of Miami Department of Community Development recommendations regarding the proposed allocation of Home Investment Partnership Program (HOME) funding to sponsors of new affordable rental housing units in the City and to amend the approved City of Miami Action Plan. The Public Hearing will be held: - . Thursday, February 17, 2000 City of Miami Commission Chamber 3500 Pan American Drive Miami, Florida 33133 The following organizations are being recommended for HOME Program funding by. the Department of Community Development iw connection with the production of new rental housing units: Organizations) Project Name/Unit Recommended Funding Pinnacle Housing Group, Inc. Rayos del Sol. Apartments $ 685,000.00 199 Apartments Gatehouse Development Brisas del Mar Apartments 540,000.00- Corporation/Jubilee CDC 199 Apartments St. Martin Affordable Housing, Miami Stadium Apartments 250,000.00 Ltd. 199 Apartments CODEC, Inc: Vista Alegre Apartments 140,000.00 100 Apartments $ ; 1,615,000.00 Following the Public Hearing, there will be a thirty (30) day public comment period. Public comments may be submitted in writing to: City of Miami Department of Community Development 444 S.W. 2°d Avenue, 2°d Floor Miami, Florida 33130 The City's 1999-2000 Action Plan will be amended to reflect the final allocations approved by the City Commission. No. 06153 a 7 U J-99-552 6122/99 FESOLiJTION NO. 99- `t2V A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO SUBMIT A GRANT APPLICATION AND THE CITY OF MIAMI'S FISCAL YEARS 1999-2004 PROPOSED CONSOLIDATED PLAN "PLAN," RECOMMENDING FUNDING PROJECTIONS FOR THE CITY'S COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG"), HOME INVESTMENT PARTNERSHIPS ("HOME"), EMERGENCY SHELTER GRANT ("ESG") AND HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS ("HOPWA") PROGRAMS. TO THE 'UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (US HUD); AUTHORIZING FUNDING CATEGORIES IN ACCORDANCE WITH SAID PLAN, ATTACHED HERETO AND INCORPORATED HEREIN; FURTHER AUTHORIZING THE CITY MANAGER, UPON APPROVAL OF SAID PLAN AND GRANTS BY US HUD, 'TO ACCEPT THE SAME AND EXECUTE THE NECESSARY IMPLEMENTING AGREEMENTS WITH USHUD, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY; REQUIRING THAT APPROVALS AND* AUTHORIZATIONS SET FORTH HEREIN SHALL ,OCCUR ONLY AFTER THE PUBLIC HEARING SCHEDULED FOR JULY 27, 1999. BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Manager is hereby authorized to submit grant applications and the City of Miami's Fiscal Years 1999-2004 Proposed Consolidated Plan ("Plan"), recommending funding projections for the City's Community Development Block Grant ("CDBG"), HOME Investment Partnership ("HOME"), Emergency 0- 47U CITY colwasSIOfN NM`"=:=JC OF JUN 2 2 1999 A-SwuUon No Shelter Grant ("ESG") and Housing Opportunities for Persons with: Aids ("HOPWA") Programs to the U.S. Department of Housing and Urban Develo-Dment (US HUD). Section 2. Funding categories for the implementation of the FY 1999-2004 Community Development Block Grant ("CDBG"), HOME Investment Partnership (11HOME1), Emergency Shelter. Grant ("ESG"), and Housing Opportunities for Persons with AIDS (THOPWA") Programs, are hereby, authorized in, accordance with said Plan, attached hereto and incorporated herein. Section 3. The City Manager is hereby authorized!' upon approval of the Consolidated.Plan and grants by IIS HUD, to accept and execute the necessary implementing agreements,in a form acceptable to the City Attorney.. Section 4. The. approvals and authorizations set forth herein shall occur only after the public hearing scheduled for July 27, 1999. Section S. This Resolution shall become effective I� The herein authorization. is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed. by applicable City Charter and, Code. provisions. 00— 170 - Z - immediately upon its adoption and signature of the Mayor.- PASSED AND ADOPTED this 22nd day of Jane , 1999. JOE CAROLLO, MAYOR In accordance with Miami Code Sec. 2.36, since the 4layer did not ird:ca2s ac^►ct'=' e` this legislation by signing it in the designate lace re'yriced-: s !ecis'::t: - -7, becomes effective with the elapse Of t 0) ys m date cmm: ;,n regarding same, without the Ma ercis ` ATTEST: WALTER J. FOEMAN CITY CLERKonp CORRECTNESSt-- C�I'Y ATTORNEY W3559:RCL:BSS City Clerk 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 immediately upon override of the veto by the City Commission. 00- 170 3 - The Honorable Mayor and Members of the City Commission Do6d H. Warshaw City Manager RECOMAMNDATION: J U N 1 4 1999 Five -Year Consolidated Plan City Commission Meeting June 22, 1999 It is respectfully recommended that the City Commission adopt the following attached legislation relating to the submission of the Five Year Consolidated Plan for Fiscal Years 1999-2004: A proposed resolution authorizing the City Manager to submit the proposed FY -1999- 2004 Consolidated Plan for the use of funds received by the City from the U.S. Department of Housing and Urban Development (HUD) to implement the Community Development Block Giant (CDBG) Program, Rome Investment Patrtaerships (HOME) Program, Emergency Shelter Graaf (ESG) Program and the Housing Opportunities for Persons With AIDS (HOPWA) Program, authorizing fmWing categories for the aforementioned programs in the 25' Year and further authorizing the City Manager, upon approval by HUD of said Plan and grants, to accept the same and execute the necessary implementing agreements with HUD. A proposed ordinance establishing four (4) new Special Revenue Funds for the- HUD programs identified in the above proposed resolution and appropriating funds for each of the new Special Revenue Funds. BACKGROUND: The Department of Community Development has prepared the Five Year Consolidated Plan in accordance with federal regulations as stipulated in CFR Part 91, et.al. This statutory requirement consolidates submission of the planning and application process of the City's Community Development Block Grant (CDBG), Emergency Shelter Grant (ESG), Home Investment Partnerships (HOME) and Housing Opportunities for Persons With AIDS (HOPWA) formula programs administered by the Department of Community Development. The HUD grants are intended to meet the following three (3) objectives: • Enhance quality housing opportunities by increasing the availability of .permanent affordable housing for low-income residents, retaining the affordable housing stock and increasing supportive housing to enable. persons with special needs to live in dignity. • Quality of life enhancements that increase access, to quality facilities -and services, improve the safety and livability of neighborhoods, restore and preserve' natural and physical features of special value for historic or architectural reasons and conserve energy resources. • Stimulate economic revitalization to create jobs for low-income . persons; provide access to credit for community development that promotes longterm economic and social viability; and empower economically disadvantaged persons to achieve self- sufficiency. elf- sufciency. The proposed strategic plan defines a specific course of action for the revitalization of the City of Miami's communities and integrates: economic,, physical, environmental, community and human development needs . into a comprehensive and coordinated approach ,to address these issues. Total population; the percentage of poverty, age of housing, overcrowded housing, and growth lag determine entitlement eligibility. The national objectives include: • • providing benefits to low and moderate income families; aiding in the prevention or elimination of slums or blight; and meeting other community development needs that have a particular urgency because existing conditions pose a serious and immediate threat to the health or welfare of the community, PUBLIC PARTICPIPATTON In developing the Consolidated Plan, an extensive Citizen Participation. process was conducted that included a series of public meetings at the Citywide Community Development Advisory Board level and District Public 'Hearings cc -chaired by the Chairperson of the Advisory Board and the City Commissioner representing each of the City's five (5) districts. , The District Public Hearing concept represents a new approach in the City of Miami's planning process to ,develop its five year plan for the allocation of HUD funds. For the first time, elected officials were involved in the Citizen Participation process from start to finish, beginning at the neighborhood level and concluding with the Public Hearing approving the City's, Consolidated .and Annual Plans: Each Public Hearing included t testimonies from recognized professionals in the areas of 14ousing, Economic Development, Public Sen -ices and Workforce Development. The Public Hearings also gave neighborhood residents the opportuniry to actively participate in the planning process to develop community revitalization strategies to positively impact local neighborhoods. The District Public Hearings clearly pointed to a Citywide need for affordable housing, (particularly homeownership), job creation, expanded social services with an emphasis on programs for the elderly and programs for youth, a concern for public safety, increased park programs and infrastructure improvements. CONINfUN= REVITALIZATION DISTRICTS It also became apparent through the public hearing process and analysis of available data that the composition of the City of Miami has dramatically changed over the twenty-four (24) year history of the City's entitlement Programs. When the City of Miami was designated an entitlement city in 1974, the initial HUD allocation was based on eligibility factors determined by the 1970 census. At that time, the City Commission designated eight (8) areas with the largest pockets of poverty as "CDBG Target Areasl The designated target areas included: Coconut Grove, Little Havana, Downtown, Overtown, Wynwood, AIiapattah, Edison/Little River and Model City. The City Commission has .chosen historically to allocate these fiords to eight designated target areas that have f traditionally represented the most severely stressed areas of the City. In the twenty-five years since this designation, except for minor modifications, the target area boundaries have remained basically the same and entitlement allocations have been restricted to these areas. Through the lifetime of the entitlement program, the state of the City has dramatically changed. These changes did not occur overniglit. In 1999,, those areas that may have been considered middle class in the 1970's have deteriorated through the 1980's and 1990's. The housing stock has grown old and so has the general _ population. The City's population base has also been transient and the homeownership rate staggers substantially below the national, state and county averages. 'The City of Miami has been the center for refugee flight in the I980's and 1990's from Cuba, Haiti, and various parts of South and Central America. In the 1980's, the streets of Miami we= also the scenes of civil unrest and riots. Through a combination of these factors, Miami has evolved into a City rated as the fourth poorest City in the nation according to statistics derived from the 1990 Census and, according to updated mid -decade data from HUD, the 1995 poverty rate for the City has increased by 10%. It is time to recognize those changes and revise the target area funding strategies that have been used in the past. Through a coordinated effort of the Departments of Community Development, Planning. and Development and Real Estate and Economic Development, a Study Group was formed and has been operating for almost 8 months. The Group's assessment of the City's history in utilizing HUD funding resulted in the development of strategiestp-more 701 As the Cites• of Miami develops targeted Community Revitalization 'Districts to create " homeownership opportunities, economic, stability through the strengthening of local businesses that provide services and jobs for neighborhood residents and skills Owning to prepare residents to successfully compete for these jobs, quality of life enhancements provide the final link to changed lives. This includes public service and capital improvement projects, such as street repairs, sidewalk replacements; park and public facilities to complement the physical . sand economic development. activities in the Community Revitalization Districts. The City of Miami has been successful in its efforts, to increase the 15% cap restriction for public services.' Congress adopted legislation increasing the City of Maori's CDBG public services cap to 25% for a three (3) year period. The 10'/o increase in the public services cap must be used to provide services to persons impacted by welfare reform. This waiver will increase available finding that may be directed to public services by approximately S1.2 million annually for the next three (3) years - In addition to public services, ' the Plan includes quality of life enhancements through projects in what have been traditionally classified in the category identified as Public Facilities in previous Annual Action Plans. This includes capital improvement projects such as the completion of street repairs, replacement of sidewalks and improvements in parks and,public facilities These programs must create an environment that addresses the needs of the neighborhood . while simultaneously caring for its aging population and also providing opportunities for its future generation to succeed. While the piecemeal approach of allocating quality of life enhancement projects in the past may have been effective at minimally addressing specific needs in particular target areas, `these projects, as effective, . successful and beneficial as they may have been in providing services to the neighborhood, have not necessarily revitalized the City's impoverished communities. A , comprehensive approach to meeting : tie quality of life needs in the Community Revitalization Districts is:crucial to complement the physical and economic development activities,to effectively improve the quality of life for the City's neediest residents. The proposed Community Revitalization Districts have been created to provide opportunities to make substantive changes in' depressed areas .of the City. It is essential to develop a coordinated approach to change the traditional cycle of poverty and maximize the use of available resources. A common concern identified in the public hearing process has been .that City parks lack' programs. Rather, than providing youth with opportunities to participate an recreational activities, the programless City parks have .created an environment that spawns gang activity and illegal drug useand distribution. To compound this predicament,.. bond funds . 9 are available to make physical improvements in the parks and modernize or construct new facilities, but funding is still not available to provide viable programs in these parks. Creative approaches anus be implemented to resolve this situation and make City parks places where viable programs are operating, citizens are utilizing these programs and the criminal element is forced to move elsewhere. There are obvious quality of life needs and limited funding is available to meet these needs. At the same time, City parks remain programless. It makes sense to fund social service agencies that can fill that void. If funds are available to make capital improvements in the parks, then it is logical to identify community based organizations providing essential services to operate these programs in City parks. This includes a full range of services that may include programs for the elderly or programs directed to youth. Active programs m the City parks will promote community residents to utilize neighborhood facilities while at the same time serving as a deterrent to crime in the community. This strategy can be instrumental in effecting quality of life standards in the Community Revitalization Districts. The basic concept is to promote proposals that will make the City's parks viable community based centers of activity. The concept is a win-win situation for the community-based orgarimtions providing services. in the City parks. Not only do these ..,organizations receive public service funding, but there is also a tremendous oppormaity to reduce operating costs. HUD funds for capital improvement projects must also be i ized to complete the quality of life cycle in the Community Revitalization Districts. This includes a s=legy that specifically directs HUD dollars to improve streets, replace sidewalks and improve public facilities that enhance the quality of life for residents of the Community Revitalization Districts. POLICY RECOMM£NDATIONSFOR QUALITY OF LIFE ENH NC.AfENTS • Allocate the maximum allowable 25% to public service programs • Award bonus points to Agencies proposing to operate programs in Cityparkr • Award bonus points to proposals including coordinated services (elderly programs, youth programs, childcare etc.) • Award bonus points to proposals establishing partnerships to provide coordinated, diverse services • Award bonus points to proposals serving the Community Revital4arion Districts • Prioritize social program proposals to programs for the elderly and youth • Authorize City Departments to implement capital improvement projects. • Prioritize capital improvement funds to projects located in the Community 2 Revitalization Districts • Leverage CDBG public service allocations to insure maximum use of available funds 'U0" x d V aggressively respond to fulfilling the three goals of quality housing "opportunities, quality of life enhancements and. economic revitalization. The Group considered the present dynamics;' demographics and environments of the City . of -Miami's distressed neighborhoods' in reaching a conclusion. In weighing the strengths and weaknesses demonstrated in the history of the use. of HUD funding, it was determined that there is a need to reassess and reevaluate the distribution of these funds. The pockets of poverty in the City have expanded and, twenty-five years later, it is time to also focus on these new areas that have previously been neglected. The concept of Community. Revitalization Districts was` developed' to ` establish a meaningful investment of the residents through homeownership, which also translated into the need for goods and services conveniently available in the neighborhood to open a window for economic opportunity. The use of HUD funding is critical to provide a catalyst to propel change in .the City's most impoverished neighborhoods by reducing the isolation of income groups within areas by increasing housing opportunities for low and middle-income persons and . revitalizing deteriorating neighborhoods through quality of life enhancements and economic revitalization. These Districts will be the focus of intensive efforts to foster economic development, . increased home ownership, and improved overall neighborhood quality. Specific initiatives within each Community Revitalization District will be developed based on the condition of the housing stock, ownership paiteras, clustering potential of vacant land, market conditions, transportation conditions, and structure and other needs for both the Homeownership Zone and the Economic Opportunity Zone. The goal is to engender viable and visible economic revitalization benefits in these Districts, and promote intensive redevelopment to attract and retain businesses. Particular emphasis will be focussed on businesses that can supply unskilled, low skill and semi -skilled employment opportunities consistent with the existing and developing skills of the unemployed and underemployed. This should result in the reduction of unemployment . and underemployment in and around these Districts. In the appropriate sections of this Plan, recommendations and policies for the disposition of the identified individual and clusters of properties will be suggested that will encourage- the development of affordable housing, the. revitalization of commercial corridors and the development of green and open spaces. The Plan also focuses on encouraging middle-income residents to relocate in the City, especially individuals employed by. the City of Miami. The Plan provides financial incentives aimed at reintegrating middle-income residents back into the City and into the Community Revualization Districts and/or historic districts. The Plan proposes a proactive approach to-. address the quality of life issues in the Community Revitalization Districts. Because of the limited funds available for programs, �. service providers will be encouraged to coordinate their efforts and in many instances provide their services from a central location in the City. parks. Cooperative efforts will insure that all -available resources will be used to provide quality of -life enhancements in the Districts, such as affordable daycare, access to healthcare, access to early childhood education, and a substantial reduction in crime through targeted investments in community policing activities and investments in youth activities. The City will expand its legislative agenda to include improved transportation, the preservation of open space and other issues affecting the Districts. The City will also research grant sources for additional funding for quality of Iife programs and provide assistance and support to community based agencies in identifying additional funding sources and assist in the preparation of the application for those ftmds. HOME OWNERSHIP ZONES The establishment of Homeownership Zones in contiguous, geographically defined areas within Community Revitalization Dirtrica, together with other physical, social, and economic development activities, makes a substantial, visible improvement in that community. The goal is to revitalize distressed areas by converting vacant, abandoned or blighted land and buildings into dynamic ' neighborhoods by developing single family homes for families with a mix of incomes, including low --and moderate -income families. This creates a foundation for bringing back commercial reinvestment and more, because new owners create demand for neighborhood economic activities, such as grocery stores and other retail. J Since the CDBG target areas are no longer the only distressed areas, the Study Group developed conditions relative to levels of income and the percentage of homeownership `throughout the City to establish the areas where reinvestment would create the most dramatic changes. Two benchmarks were established to measure these conditions: 1. A household income of less than 50'/0 of the county median 2. A home ownership rate of less than 20'/0. Clusters of publicly owned land in the Community Revitalization Districts will be identified to serve as the starting point for infill housing and commercial development initiatives, as well as g=n space pen space initiatives. The development of city -owned properties, along with an effort to acquire or assist in the acquisition of adjacent privately -held properties and the improvement of existing properties through code enforcement, community policing and maintenance incentives, will serve as a catalyst in the revitalization efforts. POLICY RECOMMENDA TIONS FOR QUALITYHOUS17VG OPPORTUNITIES • Establish home ownership as a funding priority for the allocation of HUD funds • Prioritize the allocation of HUD funds to projects located in the Homeownership Zones of the Community Revitalization Dimica , n • • Award bonus points to proposals sponsoring homeownership projects • Modify the Single Family Rehabilitation Program for homeowners from a loan program to a grant program • increase the maximum assistance available, through the Single Family Rehabilitation Program from S35, 000 to 40, 000 per household • Establish a single family owner occupied emergency gran0oan program to meet immediate urgent household needs • Prioritize available public land in the first year of the Five Year Plan to develop in- fill affordable homeownership projects in the Homeownersho Zones - of the Community Revitalization Districts • Establish an Affordable Housing Land Disposition Policy that provides public land at no cost to develop affordable housing projects • Establish a leaselpurchase program for economically disadvantaged families • Establish a homebuyers counseling program • Establish Homeownership Incentive Programs to attract City employees and middle income families to relocate in the City of Miami • establish an Affordable Housing Finance Committee to explore prospective financing mechanisms for the production of affordable housing ECONOMIC OPPORTUNM ZONES Considerable effort will be devoted to businesses in the Econonde OpportiiRity Zones. A wide variety of services will be provided by the City's Business Assistance Center, including the review of business operating systems, development of business plans, . marketing plans, budget analysis, accounting and risk;managemeat procedures, instuance and bonding procedures, inventory control, personnel management , and customer relations. The recruitment of new businesses, will be a strong focus with up fiUa assistance in putting together business plans, loan applications, personnel screening and all other requirements in opening .a new business. Fagade improvement, sidewalk repairs, new signage, parking and coordination with the County in road improvements will be provided. A coordinated effort to provide a "marketing theme" for the business corridor will be explored and the development of'a joint marketing campaign to bring new customers to the Districtr will be planned. Those - businesses outside of the Districts who are pledging employment for District residents will receive financial incentives such as 108 loans, and others. The City's Office of Work -force Development, through its One -Stop Centers will be the source .for training and job placement. Additionally, a corps of job developers in each .Center is involved in creating jobs for the very low, low and moderate -income. residents in the Districts. The Office of Workforce Development will utilize the City's First, Source Hiring Ordinance in generating job opportunities for District residents and will work with 170 the Empowerment Zone Trust in assisting residents living in -Districts within the Empowerment Zone to access the thousands of jobs pledged for Zone residents. The Five -Year Consolidated Plan recognizes the growth opportunities in the older more urban corridors of the City and the development of the Community Revitalization Districts is the focus of that growth potential. The assets of these Districts include existing infrastructure; the opportunity for Iand assembly and residential development; access to transportation and proximity to jobs; the business and cultural center; an underutilized workforce; and proximity to the area's natural beauty. In implementing the strategies of the Five -Year Consolidated Plan, the City expects to build alliances with a broad range of partners including the business sector, developers, community-based organizations, government, environmentalists and community residents. These entities can unify to support a new approach to revitalizing our communities. POLICYRECOMA&I' DATIONS TO EIMAND ECONOMIC OPPORTUNITIES • Provide financial assistance to the ' Ciry of Miami Public Work Department to upgrade the infrastructzrre of the Economic Opportvriity Zones- Work onesWork with the Department of O,$ -Street Parking to meet the parkng requirements of the area including the acquisition ofproperty to be used for parking • Provide access to training and entrepreneurial oPPorninides through the One Stop Centers, including supportive services leading to self sufficiency POLICY RECOADLMATIONS TO AWAND ECONOMIC OPPORTUNITIES (CONTINUED), 11 • Provide large scale renovation along strategic commercial corridors by creating incentives to improve the visual appearance of business properties (fagade renovation, including painting, signage, awnings, storefront improvements, landscaping, lighting and other design elements) • Hire economic development professionals or contract outside consultants to provide technical assistance to new and existing businesses • Provide low interest loans -for physical improvements to upgrade storefronts, resolve code violations and purchase equipment for businesses located in the Economic Opportunity Zones • Advocate the promotion of public transportation as a legislative priority to access to job centers located outside of the City -� 170 • Ensure that .available Empowerment Zone funds meet social -service .needs in the. Community Revitalization Districts • Provide. letters of support to community based organizations'seeking outside funding • Refer community based organizations to appropriate funding sources • Recognize quality of life enhancement needs in developing the City's Legislative Agenda • Actively research grant sources for community based agencies, to apply for funding and provide technical assistance _ to prepare grant applications • Co-sponsor social service grants with community based orgombWidns .Therefore, it 'is respectfully requested that the proposed ordinance and resolution be adopted authorizing the City Manager to submit the FY -1999-2004 Consolidated Plan fob the use of funds received by the City from the U.S. Dgwt meat of Housing and Urban Development (HUD) to implement the Community Development BIock Crrant Program, Home Investment Partneeships (-HOME) Progmm, Emergency Shelter Gram (ESG) Program and the Housing Opportunities for Persons With Aids (HOP'A)P Program, establishes finding categories for the aforementioned programs is the 25��.Year, authorizes the City Manager to accept and execute the necessary irnplemting agreements upon approval by HUD and estabiishes 'four (4) new Special Revenue Pimds [ for the HUD programs as identified above. DHW/DB/GCW/DF 00- 170 J.-99-702 8/2/99 T E6 RESOLUTION N0. Feb 02,00 12:19 No.005 P.02 - 606 A RESOLUTION OF THE MIAMI ITY COMMISSION AMENDING RESOLUTION NO. 99-429 WHICH AUTHORIZED (1) THE CITY MANAC,ER TO SUBMIT A: GRANT APPLICATION AND THE C ITY OF MIAMI'S FISCAL. YEARS 1999=2004 PROPOSED CONSOLIDATED PLAN ("PLAN"), WHICH RECOED FUNDING PROJECTIONS FOR THE CI 'S COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG"), HOME INVESTMENT PARTNERSHIPS ("HOME"), EMERGENCY SHELTER GRANT ("ESG") - AND HOUSING OPPORTUNITIES FOR PERSONS WIT* AIDS ("HOPWA") PROGRAMS TO THE UNITED STATE DEPARTMENT OF HOUSING AND URBAN DEVELOP (US HUD), (2) FUNDING CATEGORIES IN ACCO ANCE WITH SAID PLANT, AND (3 ) THE CITY MANAGE , UPON APPROVAL OF SAID PLAN AND GRANTS BY U HUD, TO ACCEPT THE SAME AND EXECUTE THE NECESSARY IMPLEMENTING AGREEMENTS WITH USHUD, THEREBY MODIFYING SAID CONSOLIDATED PLAN AND SAID RESOLUTION TO INCLUDE rIRECTIVES AND REVISIONS AS MORE PARTI Y SET FORTH HEREIN. WKSREAS, pursuant to a public he ring held concerning the Five -Year Consolidated Plan ("Plan"), Resolution No. 99-429, was adopted, on June 22, 1999; and t WHEREAS, at -a second public hearing held on July 27, 1999, the City commission directed 'that theadministration incorporate certain modifications as part of said 4solution and Plan; and WHEREAS,- the City Commission now No. 99-429 and the Plan to include 00- 170 ishes to amend Resolution said modifications and 4= COIO1 1�iQM MEETING Opt'` AUQn2M9 TEL_: Feb 2'00 12:20 No.005.P..03 directives; 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 thereto and.' incorporated herein'an if fully set_ forth in this .Section. Section'2. Resolution °No. 99-4 9, adopted.June 22, 1999, is hereby amended in the following.part'culars:l/ RESOLUTION NO. e Section 2. The City tanager is hereby authorized to submit grant.applic' ionq;'and the City .of Miami's Fiscal Years 1999-2004 roposed Consolidated Plan ("Plan"),, recommending fundi projections. for the City Ia Community Development Block Grant ("CDBG"),,HOME , Investment. Partnership (°HOME") Emergency Shelter Grant ("ESG") and Housing Opportunities for Persons with Aids ("HOPWA") Programs to t e U.S'. Department of Housing and Urban Development ( S HUD): which Plan �i Word's. and/or figures stricken through shall be deleted. Underscored words and/or figure shall be added. The remaining provisions are now in of ect and remain unchanged. .Asterisks indicate omitted and,unc anged material. Ts Feb .02'00 12:20 No.005 P.04 Section 3. Funding categor;es for the implementation of the FY 1999-2004 Community Development Block Grant ("CDBG"), HOME Investment Partnership ("HOME"), Emergency Shelter Grant (""ESG") and Housing Opportunities for Persons with AIDS ("HOPWA") Programs, are hereby autiorized in accordance with said Plan. i Section 4. The City anager is hereby 3 - 4 6 _ TEL: Feb 02'.00 12:21 No:005 P.05 authorized'' -1 upon approval of the Consolidated Planand grants by US HUD, to accept and execute the necessary implementing agreements, in a form acceptable to' the City Attorney., Section 3., This. Resolution slialbecome effective immediately upon its.adoption and signature of the Mayor.21 PASSED AND ADOPTED this end day of August_ , 1999, JOE CAROLLO, MAYOR In as:CocaINN va Maml Code Seca 7.W, since the Mayor did nol indicate approvf11 of this legigiefim by sipnft It in the. designated p e PrOV .+0::, ss�! -lat:^n r''•: beeomes effective wfh the ®lapse of ten V from regatdmg camx tuthout the Mayor SX9 4 ATTEST: , Deman, My Clerk r J. WALTER J. FO , CITY CLERK APPRO AS. CORRECTNESS: f. i - vILARELLo -CITYA ORNEY W36 :RCL:BSS '-� The herein authorization is further Fubject to- compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City. Charter and Code pravisions. J. 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 immediately upon override of the veto by the City Commission. ' 1701, I. J-98-565 05/15/98 RESOLUTION NO. 9 V v 8 o A RESOLUTION AUTHORIZING AND DIRECTING THE CITY MANAGER TO APPOINT A SEVEN -MEMBER (7) HOUSING LOAN COMMITTEE FOR THE PURPOSE OF APPROVING AND DISAPPROVING LOANS AND/OR GRANTS WHICH ARE BEING PROVIDED BY THE CITY OF MIAMI THROUGH THE CITY'S CDBG-FUNDED SINGLE-FAMILY AND MULTI -FAMILY REHABILITATION LOAN PROGRAMS, HOME INVESTMENT PARTNERSHIP ("HOME") PROGRAM AND STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") PROGRAM; PROVIDING THE HOUSING LOAN COMMITTEE WITH THE AUTHORITY TO RECOMMEND FOR APPROVAL/DISAPPROVAL LOAN APPLICATIONS FOR HOUSING FUNDS, SUBORDINATION AGREEMENTS, LOAN RESTRUCTURING PLANS AND/OR LOAN REPAYMENT PLANS FOR HOUSING LOANS IN THE CITY'S EXISTING HOUSING LOAN PORTFOLIO; FURTHER REQUIRING THE APPROVAL OF SUCH TRANSACTIONS BY THE CITY COMMISSION, THE STATE FINANCIAL EMERGENCY OVERSIGHT BOARD AND ON A CASE BY CASE BASIS, THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR CERTAIN TRANSACTIONS WHEREAS, since the 1980's, the City of Miami has provided both low-interest loans and grants to owners of single-family residential units (1-4 units) and multi -family apartment buildings (5 units or more) for the rehabilitation of substandard housing units in the City's Community Development Block Grant ("CDBG") target areas; and Crrr CO S�CI�i ME emG cc JUN 0 9 1998 Re"Qdm Na WHEREAS, the City has also provided low-interest loans through the Rental Rehabilitation Grant Program, Urban Development Action Grant ("UDAG") Program, Home, Investment Partnership. (".HOME")' Program and State Housing Initiatives Partnership ("SHIP") Program; and WHEREAS, the U.S. Department of Housing and Urban Development's District Office of the Inspector General`("OIG") in its Audit .Report dated -.March 2.6, 1998, identified several findings and concerns pertaining to the City's loan underwriting procedures and the City's ability .to properly safeguard the existing housing loan portfolio;- and _ WHEREAS, in.the Audit Report the,OIG recommended that the City expand. .the City's Housing Loan Committee to include individuals with the expertise in.evaluating loans, with at least. one member from a private financial institution; and WHEREAS, it is recommended -that the City Commission .expand the Housing Loan Committee to include two (2) members from the private sector with experience in real estate lending, one(1) member actively involved in, the provision of affordable housing, one (1) member from Miami Capital Development, ,Inc., and three (3) representatives from the' City, to include the Departments of Finance, Public Works and Community Development' NOW., THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI", FLORIDA: i Section 1. The recitals and findings contained in the Preamble to this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The City Manager is hereby authorized and directed to expand the City's Housing Loan Committee to include two (2) members with private banking experience, one (1) member who is an active affordable housing provider, one (1) member from Miami Capital Development, Inc., and three (3) members from the City, to include representatives from the Departments of Finance, Public Works and Community Development. •� Section 3. It is hereby established that the City's Housing Loan Committee shall be authorized to recommend for approval or disapproval, all loan applications for housing funds, loan restructuring plans, loan repayment plans and subordination of mortgages agreements. Section 4. It is hereby further established that all of the above mentioned transactions shall require approval by the City Commission and the State Financial Emergency Oversight Board. Section S. Furthermore, it is hereby established, that on a case by case basis, the above mentioned transactions pertaining to the City's existing housing. loan portfolio shall require the approval of the U.S. Department of Housing and Urban Development 3 00- 170 i Section 6.1 This Resolution shall. become effective immediately upon its adoption. PASSED AND ADOPTED this 9th day of June , 1998. JOE CAROLLO, MAYOR In armee with Miami Code Sec. 2-36, since the Mayor did not indicate approval of bgislation by signing it in the designated place provided, said becomes effective with the elapse of ten (10) days om the date of Commissicn act:"-, regarding same, without the Mayor. exercising ATTEST:, ! � Waft r J. oeman, City Clerk WALTER J. FOEMAN, CITY CLERK CITY CLERK'S OFFICE DEVENT OF COMMUNITY DEVELOPMENT RE E AND ROVAIL 6WENDOLYNIC. WARREN, DIRECTOR DEPARTMENT OF COMMUNITY DEVELOPMENT PREPARED AND APPROVED BY: LINDA KELLY S N ASSISTANT CITY ATTORNEY 0 0.z-