HomeMy WebLinkAboutR-00-0258J-00-269
3/21/00
RESOLUTION NO. 00.— 58
A RESOLUTION OF THE MIAMI CITY COMMISSION
AUTHORIZING THE CITY MANAGER TO DE -OBLIGATE
THE AMOUNT OF $1,000,000 IN FY' 1996-1997
STATE HOUSING INITIATIVES PARTNERSHIP
("SHIP") PROGRAM FUNDS ALLOCATED TO THE EAST
LITTLE HAVANA COMMUNITY DEVELOPMENT
CORPORATION ("ELHCDC") FOR CONSTRUCTION
FINANCING FOR THE PURPOSE OF PROVIDING
PROJECT DEVELOPMENT FINANCING AND DOWN
PAYMENT/CLOSING COST ASSISTANCE PURSUANT TO
RESOLUTION NO. 97-864; DIRECTING THE CITY
MANAGER TO ALLOCATE THE AFOREMENTIONED AMOUNT
FOR THE CONTINUED IMPLEMENTATION OF THE
CITY'S SHIP FUNDED SINGLE FAMILY
REHABILITATION PROGRAM AND FIRST-TIME HOME
BUYER'S FINANCING.. PROGRAM; FURTHER DIRECTING
AND AUTHORIZING THE CITY MANAGER TO
REALLOCATE THE AMOUNT OF $1,000,000 IN
FY' 2000-2001 SHIP PROGRAM FUNDS TO ELHCDC
FOR THE FINANCING OF THE LATIN QUARTER
SPECIALTY CENTER PROJECT; FURTHER AUTHORIZING
THE CITY MANAGER TO EXECUTE ALL NECESSARY
DOCUMENT(S) IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY.
WHEREAS, Resolution No. 97-864, adopted December 9, 1997,
allocated the amount of $1,000,000 in FY' 1996-1997 State
Housing Initiatives Partnership ("SHIP") Program funds to the
East Little Havana Community Development Corporation ("ELHCDC"),
a not-for-profit Community Housing Development Organization
("CHDO"), for construction financing for the purpose of
providing project development financing and down payment/closing
cost assistance pursuant to Resolution No. 97-864, in connection
0,0MUSSION
MEETING OF
MAR 2 3 7'000
Resolution No.
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with the financing of the proposed Latin Quarter Specialty
Center (the "Project") in the Little Havana neighbor -hood; and
WHEREAS, the SHIP Program guidelines require that each
year's allocation of funding is expended within two (2) years;
and
WHEREAS, based on the SHIP Program's definition for
"expended funds", funds are not considered spent until
construction on a housing project is completed, and the housing
units are sold and occupied by eligible families; and
WHEREAS, due to construction delays which have occurred on
several affordable housing projects to be sponsored by several
Community Housing Development. Organizations ("CHDO's"), the City
did not comply with guidelines concerning the timely expenditure
of SHIP Program funds for the Project; and
WHEREAS, predevelopment activities are currently underway
on the proposed Project with construction anticipated to
commence by September 1, 2000; and
WHEREAS, based on an estimated eighteen (18) month
construction period to complete the Project, it is. necessary
that the SHIP Program funds for the Project is transferred to
SHIP Program fiscal year 2000-2001 in order alleviate any
concern about timely expenditure; and
WHEREAS, it is recommended that the amount of $1,000,000 in
FY' 1996-1997 SHIP Program funds previously allocated to the
East Little Havana. Community Development Corporation is
reallocated to the City's SHIP funded Single Family
Rehabilitation and First -Time Homebuyers Financing Programs; and
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WHEREAS, it is recommended that the amount of $1,000,000 in
FY' 2000-2001 SHIP Program funds is allocated to ELHCDC for the
financing of the Project;
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 amount of $1,000,000 in FY' 1996-1997
SHIP Program funds allocated to the ELHCDC, for construction
financing for the purpose of providing project development
financing and down payment/closing cost assistance pursuant to
Resolution No. 97-864, in relation to the financing of the
Project is hereby de -obligated and the City Manager is hereby
authorized to reallocate the aforementioned funds for the
continued implementation of the City's funded Single Family
Rehabilitation and First -Time Homebuyer's Financing Programs.
Section 3. The City Manager is hereby directed to
reallocate $1,000,000 in FY' 2000-2001 SHIP Program funds to
ELHCDC for the financing of the Project.
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Section 4. The City Manager is hereby authorized" to
execute all necessary document(s), in a form acceptable to the
City Attorney, for the disbursement of said funding.
Section 5. This Resolution shall become effective
immediately upon adoption and signature of the Mayor.2�
PASSED AND ADOPTED this day of
JOE CAROLLO, MAYOR
2000.
In accordance with Miami Code Sec. 2-36, since the Mayor died not indicate approval of
this legislation by signing it in the designated pla - provided, said legisl �c�r c�oL^I
becomes effective with the elapse of ten (1 days om thf e of CG�� .�scn �-ctcn
regarding same, without the Maygr mer ising, to.
ATTEST: Wa'UpAan, City Clea
WALTER J. FOEMAN
CITY CLERK
APPROVE �ST FORM AND&CORRECTNESS t-
CIT�ORNEY
2 50. RCL
3i 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.
If the Mayor does not sign this Resolution, it shall become effective at
the end of the 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.
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