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HomeMy WebLinkAboutR-23-0276City of Miami Resolution R-23-0276 alldl 11 li.Rl I + Legislation File Number: 13969 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 6/22/2023 A RESOLUTION OF THE MIAMI CITY COMMISSION, AUTHORIZING THE ACCEPTANCE OF STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") FUNDS, IN THE AMOUNT OF $3,366,752.00 FOR FISCAL YEAR 2023-2024, FOR THE STRATEGIES UNDER THE CURRENT SHIP LOCAL HOUSING ASSISTANCE PLAN ("LHAP"); FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, ANY AND ALL DOCUMENTS, INCLUDING AMENDMENTS, RENEWALS, EXTENSIONS, AND MODIFICATIONS, AS MAY BE NECESSARY, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS. WHEREAS, in July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act ("Sadowski Act") which provides for the allocation of a portion of new and existing documentary stamp taxes, which were paid on the transfer of real estate, to local governments for the development and maintenance of affordable housing; and WHEREAS, the Sadowski Act provided a dedicated revenue source for affordable housing and it has created the Florida State Housing Initiative Partnership ("SHIP") program; and WHEREAS, pursuant to Resolution No. 22-0203, adopted June 9, 2022, the Miami City Commission approved the City of Miami's ("City") Local Housing Assistance Plan ("LHAP") for the period of July 1, 2022, through June 30, 2025, allowing the City's continued participation in the SHIP program; and WHEREAS, on April 5, 2023, the City was notified by Florida Housing Finance Corporation of a distribution of SHIP funds in the total amount of $3,366,752.00 for State Fiscal Year (TY") 2023-2024; and WHEREAS, the City's Administration recommends the acceptance of SHIP funds in the amount of $3,366,752.00 for FY 2023-2024 for the strategies under the current SHIP LHAP; 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 adopted by reference and incorporated as if fully set forth in this Section. Section 2. The acceptance of SHIP funds, in the total amount of $3,366,752.00 for Fiscal Year 2023-2024, for the strategies under the current SHIP LHAP; is authorized.' City of Miami Page 1 of 2 File ID: 13969 (Revision:) Printed On: 7/5/2023 File ID: 13969 Enactment Number: R-23-0276 Section 3. The City Manager is authorized' to negotiate and execute any and all necessary documents, including amendments, renewals, extension, and modifications, all in forms acceptable to the City Attorney, subject to all federal, state and local laws that regulate the use of such funds for said purpose. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: Una ndeU ez, Rty Attor ey 6/12/2023 ' The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to those prescribed by applicable City Charter and City Code provisions. 2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) 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. City of Miami Page 2 of 2 File ID: 13969 (Revision:) Printed on: 71512023