HomeMy WebLinkAboutR-87-0320It It
J-87-325
3/24/87
RESOLUTION N0. 8 7--3201
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
ACCEPT, IN ANNUAL CONTRIBUTIONS, CONTRACT
AUTHORITY IN THE AMOUNT OF $2,242,752 UNDER
THE U.S. DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT SECTION 8 MODERATE REHABILITATION
HOUSING PROGRAM, AND FURTHER AUTHORIZING THE
CITY MANAGER TO ENTER INTO AND EXECUTE ALL
NECESSARY DOCUMENTS IN ORDER TO IMPLEMENT THE
PROGRAM.
WHEREAS, Section 8 of the United States Housing Act of 1937,
as amended in 1979, establishes the Moderate Rehabilitation
Housing Program to upgrade substandard housing and provide rental
subsidies for low income families and individuals; and
WHEREAS, in recognition of the City of Miami severe rental
housing shortage affordable to low income families, the U.S.
Department of Housing and Urban Development has approved the
City's application for the Section 8 Moderate Rehabilitation
Housing Program and has reserved $2,242,752, in Annual
Contributions,Contract Authority to implement the Program;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The City Manager, as chief administrative officer
for the City of Miami, is hereby authorized to accept.,in Annual
Contributions, Contract Authority for $2,242,752 under the U.S.
Department of Housing and Urban Development Section 8 Moderate
Rehabilitation Housing Program.
Section 2. The City Manager is further authorized to enter
into and execute all necessary documents in order to implement
the Program.
PASSED AND ADOPTED this 9th. day of
ATTE s
MA HIRAI, CITY CLERK
-1-
Poo
1987 .
PREPARED AND APPROVED BY:
ROBERT F. CLARK
CHIEF DEPUTY CITY ATTORNEY
APPROVFM J(S TO FORM AND CORRECTNESS:
v ir'r a� • arvvv
TY ATTORNEY
JDG/Sfc/jmb
-2-
CITY OF MIAMI, FLORIDA S 19
INTER -OFFICE MEMORANDUM
TO: Honorable Mayor and Members GATE: APR R 2 1987 FILE:
Of the City Commission
SUBJECT: Resolution authorizing
the City Manager to
Cesar H. Odio accept a federal grant
FROM: City Manager 6A REFERENCES:
ENCLOSURES:
RECOMMENDATION:
It is respectfully recommended that the City Commission adopt the
attached resolution authorizing the City Manager to accept an
annual Contributions Contract Authority for $2,242,752 under the
U.S. Department of Housing and Urban Development Section 8
Moderate Rehabilitation Housing Program, and further authorizing
the City Manager to enter into and execute all necessary
documents in order to implement the program.
BACKGROUND:
The Housing-:.nservation and Development Agency recommends
ratificatio:i �)f the attached Resolution. The Resolution enables
the City Manager to accept $2,242,752 in annual contract
authority from the U.S. Department of Housing and Urban
Development to implement the Section 8 Moderate Rehabilitation
Housing Program.
The Section 8 Moderate Rehabilitation Housing Program provides
for the rehabilitation of substandard rental housing by
guaranteeing the property's rental income for a 15-year term.
Rents at sufficient levels to support the rehabilitation debt
financing are afforded to owners by the local public housing
agency (PHA) on behalf of eligible low income tenants. The PHA
receives funds from U.S. HUD to finance the rental payments to
owners.
The Housing Conservation and Development Agency, as the City's
PHA, submitted the application to U.S. HUD for assistance under
the program and will be responsible for administering the grant
according to federal requirements.
Attachments:
Proposed Resolution
19-1