HomeMy WebLinkAboutR-93-0444a
U-93-455
7/8/93
RESOLUTION NO. 9 3— 444
A RESOLUTION DIRECTING THE CITY MANAGER TO
REALLOCATE APPROXIMATELY $500,000 IN
UNEXPENDED COMMUNITY DEVELOPMENT BLOCK GRANT
(CDBG) FUNDS FROM SEVERAL CDBG-ASSISTED
HOUSING PROJECTS' FUND BALANCES, FOR THE
PURPOSE OF ACQUIRING SUITABLE HOUSING SITES
THROUGHOUT THE CITY OF MIAMI, BUT MORE
PARTICULARLY FOR SEVERAL SPECIFIC SITES
DESCRIBED HEREIN WHICH ARE LOCATED IN THE
AREA WEST OF I-95 IN THE OVERTOWN COMMUNITY
DEVELOPMENT TARGET AREA; AUTHORIZING THE CITY
MANAGER TO SUBMIT AN AMENDMENT(S) TO THE
APPROPRIATE APPROVED COMMUNITY DEVELOPMENT
BLOCK GRANT PROGRAM FINAL STATEMENT(S) TO THE
U.S. DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT (HUD) TO REFLECT THE PROPOSED
REALLOCATED AMOUNT FOR THE AOREMENTIONED I
PURPOSE, IF NECESSARY OR REQUIRED BY HUD; J
FURTHER DIRECTING THAT PURCHASE AGREEMENTS TO
ACQUIRE SPECIFIC HOUSING SITES IN THE ABOVE
DESIGNATED AREA(S) BE APPROVED BY THE MIAMI
CITY COMMISSION.
WHEREAS, in October, 1986, the City Commission approved
implementation of the Scattered Site Affordable Homeownership
Development Program for the purpose of providing homeownership
opportunities to qualified low and moderate income homebuyers in j
the City's Community Development Target Area; and
WHEREAS, with the City serving as Housing Developer, it is
possible to deliver. new single family homes at sales prices
affordable to low and moderate income homebuyers; and
CITY COMISSION
MEETING OF
.i U I . - a 1993
Aesoluyo�N
93
- j
WHEREAS, the Department of Development and Housing
Conservation is interested in implementing the City's Scattered
Site Affordable Homeownership Development Program and the City's
HOME First -Time Homebuyer's Financing Program in the Overtown
Community Development Target Area; and
WHEREAS, it is necessary for the City to acquire suitable
i
housing site in the western section of the Overtown neighborhood
in order to implement the aforementioned homeownership programs
in the area; and
WHEREAS, funding in the amount of approximately $500,000 has
been identified and is available from several unexpended
Community Development Block Grant (CDBG) assisted housing
projects as identified in the said document; and
WHEREAS, the proposed reallocation of CDBG funds will be
used to acquire suitable housing sites throughout the City, but
i
more particularly in the western section of the Overtown
Community Development Target Area;
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 directed to
reallocate unexpended Community Development Block Grant (CDBG)
Funds, in the approximate amount of $500,000, from the following
CDBG-Assisted Housing Projects' fund balances, for the purpose of
acquiring suitable housing sites throughout the City of Miami,
but more particularly in the area west of I-95 in the Overtown
Community Development Target area:
Project Name Project Code Amount
Model City Land Acquisition 702208 $134,750
Model City Land Acquisition 702206 26,325
Overtown Housing 705204 34,913
Citywide Land Acquisition 799208 40,000
Sale of Affordable Housing Units 377010 187,690
Citywide Rehab Grant 799218 62,896
Citywide Single Family Rehab Pro. 799203 13,426
Total $500,000
Section 3. The City Manager is hereby authorized to
submit an amendment(s) to the appropriate approved Community
Development Block Grant Program Final Statement(s) to the United
States Department of Housing and Urban Development (HUD) to
reflect the proposed reallocation of CDBG funding, if necessary
or required by HUD.
Section 4. The City Manager is hereby further directed
that purchase agreements to acquire specific housing sites in the
above designated area(s) be approved by the Miami City
Commission.
Section 5. This Resolution shall become effective
immediately upon its adoption.
93- 444
-3-
PASSED AND ADOPTED this 8th day of July,
ATTEST:
L"
MATTY HJVRAI
CITY CLERK
VIER
COMMUNITY OPME 'REVIEW:
i
i
FRANK C T EDA, DIRECTOR
COMMUNITY DEVELOPMENT DEPARTMENT
BUDGETARY REVIEW:
1
MANOHAR S. SU A
ASSISTANT CIT GER
FINANCIAL REVIEW:
CAI OS E. GARCIA, DIRECTOR
DEPARTMENT OF FINANCE
PREPARED AND APPROVED BY:
E. MAXW L
F ASSIS ANT CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
A. QTflift J N S, III
CITY ATTO Y
JEM:csk:M3776
-4-
S
, MAYOR
93- 444
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO: Honorable Mayor and DATE
Members of the City Commission
FROM : Ces . io
Cit er
SUBJECT
REFERENCES
ENCLOSURES:
JUN 2 91993 FILE
Resolution Authorizing
the City Manager to
Reallocate $500,000 in
Unexpended CDBG Funding
City Commission Agenda
Item - July 8, 1993
It is respectfully recommended that the City Manager adopt the
attached resolution authorizing the City Manager to reallocate an
amount not to exceed $500,000 in unexpended Community Development
Block Grant (CDBG) funds from several CDBG assisted housing
projects' fund balances, for the purpose of acquiring suitable
housing sites throughout the City, .but more particularly in the
Overtown Community Development Target Area.
The Department of Development and Housing Conservation recommends
ratification of the attached resolution directing the City
Manager to reallocate approximately $500,000 in unexpended
Community Development Block Grant (CDBG) funds from several CDBG
assisted housing projects' fund balances for the purpose of
acquiring suitable housing sites throughout the City, but more
particularly the area which is west of Interstate I-95 in the
Overtown Community Development Target Area.
Funding in the amount of $500,000 has been identified and is
available from several unexpended Community Development Block
Grant (CDBG) assisted housing projects as identified in the
attached resolution. The proposed reallocated CDBG funds will be
used to acquire suitable housing sites throughout the City, but
more particularly in the western section of the Overtown
Community Development Target Area in connection with the
development of new single family homeownership housing units
under the City's Scattered Site Affordable Homeownership
Development Program and the City Is,HOME First -Time HomebuyerIs
Financing Program.
In an effort to provide affordable homeownership opportunities in
the City of Miami, but more particularly in the Overtown
Community Development Target Area, City Commission ratification
of the attached resolution is recommended.
/,,Z r.- /
93- 444