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HomeMy WebLinkAboutR-97-0900J-97-898 12/9/97 RESOLUTION NO. 9nn, A RESOLUTION DIRECTING THE CITY MANAGER TO AMEND THE CITY'S HOMEOWNERSHIP ZONE GRANT ("GRANT")APPLICATION TO THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") DATED SEPTEMBER 29, 1997, THEREBY (1) INCREASING THE GRANT REQUEST FROM $2.3 MILLION TO $4 MILLION, (2) EMPHASIZING THE DEVELOPMENT OF SINGLE FAMILY HOMEOWNERSHIP IN THE OVERTOWN COMMUNITY; FURTHER DIRECTING THE CITY MANAGER TO SUBMIT SAID AMENDMENT TO HUD ON OR BEFORE DECEMBER 22, 1997, AND (3) INCLUDING THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA") AS CO - APPLICANT AND THE CHAIRMAN OF THE CRA AS A SIGNATORY, PROVIDED THE HUD REGULATIONS GOVERNING THE HOMEOWNERSHIP ZONE GRANTS ALLOW THE CRA TO BE A CO -APPLICANT. WHEREAS, the U.S. Department of Housing and Urban Development ("HUD") has allocated funding and intends to award grants on a competitive basis for Homeownership Zones; and WHEREAS, Homeownership Zone means a contiguous, geographically defined area, primarily residential in character, in which new homeownership opportunities and the expanded housing choice provided drive comprehensive revitalization and, together with other physical, social, and economic development activities, make a substantial, visible improvement within that community; and WHEREAS, Homeownership Zone activities revitalize distressed areas by converting vacant, abandoned, or blighted land and CITY- COMMSSIGN MEETING OF DEC 9 1997 Resolution No. 97- 900 buildings into dynamic neighborhoods by developing single family homes (one to four units) and providing these homes for a mix of incomes, including low and moderate income families; and WHEREAS, homeownership serves as a foundation for additional investment in residential, commercial, and economic development of the Homeownership Zone; and WHEREAS, the City of Miami, Florida ("City") as a recipient of Community Development Block Grant funds is eligible to apply for Homeownership Zone grants in conjunction with Community Based Development Organizations ("CBDO"); and WHEREAS, the City submitted a Homeownership Zone Grant Application to HUD, dated September 29, 1997, requesting a grant in the amount of $2.3 million for homeownership development in the Overtown community; and WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency is empowered and authorized to coordinate development activities in the Overtown community; 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 City Manager is hereby authorized to amend the City's Homeownership Zone Grant Application to the U.S. Department of Housing and Urban Development ("HUD"), dated September 29, 1997, thereby (1) increasing the grant request 2- 9 7 - 900 from $2.3 million to $4 million and (2) emphasizing the development of single family homeownership in the Overtown community, said amendment to be submitted to HUD by December 22, 1997, and (3) including the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") as co -applicant and the chairman of the CRA as a signatory, provided the HUD regulations governing Homeownership Zone grants allow the CRA to be a co - applicant. Section 3. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this q day of December 1997. n ATTEST- ALTERs+ APPROVEDCITY CLERK PREPARED AND LINDA KELLY KEAR ASSISTANT CITY A W2077:csk:LKK VIER L. SU R Z, MAYOR APPROVED AS TO FORM AND CORRECTNESS: A. CI u 3- 97- 90o