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041904WFICR MEMORANDUM
Dena Spiilmant Director REFERENCES: City Commission Agenda
Department of Community Development June 14, 1984
ENCLOSURE$:
It is recommended that the City
Commission by Emergency Ordinance
amend Ordinance No. 9534, adopted
December 91 1982, the Capital
Improvement Appropriations
Ordinance,,as amended by
appropriating an amount of
$2,219,000 for land acquisition
for the Conventional Public
Housing Development Program from
anticipated land reuse proceeds
provided by the U.S. Department
of HUD to fund site acquisition
financing shortfall, per the
attached Ordinance.
On May 8, 1980, the City Commission, through Resolution No. 80-343,
authorized the use of $4,000,000 of General Obligation Housing
Bond proceeds to acquire sites located in several City neighborhoods
for the development of 266 "scattered site" public housing units.
In February of 1982, Dade County HUD projected that funds in the
amount of approximately $6,000,000 would be required to acquire the
sites proposed for acquisition in the City due to inflation and
unanticipated high land values.
On October 14, 1982, the City Commission, through Resolution No.
82-930 approved Dade County HUD's request to utilite the antici-
pated funds which would be returned to the City by the U.S.
Department of Housing and Urban Development through HUD's site cost
reimbursement process to fund the land acquisition funding short-
fall. Approximately $2,219,000 in land reuse proceeds are now
forthcoming from the federal government.
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