HomeMy WebLinkAboutR-82-0037T
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RESOLUTION NO. 8 2 . 3
7.
A RESOLUTION AUTHORIZING AN INCREASE IN THE
CONTRACT IN AN AMOUNT NOT TO EXCEED $30,000
BETWEEN THE CITY OF MIAMI AND EVENSON-DODGE,
INC. FOR PROVIDING HOUSING FINANCIAL ADVISORY
SERVICES IN CONNECTION WITH THE PRODUCTION OF
HOUSING FOR LOW AND MODERATE INCOME FAMILIES;
SAID FUNDS TO BE PROVIDED ENTIRELY FROM THE
GENERAL OBLIGATION HOUSING BOND FUND.
SHE REAS, there exists a shortage of adequate housing units
for households of low and moderate income in the City of Miami; and
WHEREAS, the City of Miami's Housing Bond Issue provides
the City a valuable tool to meet the housing needs of its low and
moderate income households; and
WHEREAS, the initial step in meeting these housing needs
of low and moderate income households is the expansion of existing
City programs and the development of new and innovative housing
financing mechanisms and programs specifically designed to address
the housing needs of the City of Miami's low and moderate income
households; and
WHEREAS, on January 22, 1981, by Resolution No. 81-55,
the City Commission authorized execution of an agreement with
Evenson-Dodge, Inc. to provide the above -mentioned services; and
WHEREAS, the City of Miami and Evenson-Dodge, Inc. have
entered into contract dated May 1, 1981, for said services in the
amount of $30,000; and
WHEREAS, the original amount provided for under this
contract has been utilized and there exists a need for the City to
secure additional services; and
WHEREAS, funds to pay for the additional financial advisory
services are available from the General Obligation Housing Bond Fund.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
CITY COMMISSION
MEETING OF
J AN 14 1982
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Section 1. The contract between the City of Miami and
Evenson-Dodge, Inc., to provide housing financial advisory
services in connection with the production of housing for low
and moderate income families is hereby ina-reased in an
amount not to exceed $30,000 with said funds to be provided
entirely from the General Obligation Housing Bond Fund.
PASSED AND ADOPTED this 14 day of January , 1982.
ATTEST:
PREPARED AND APPROVED BY:
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SISTANT CITY ATTORNEY
Maurice A. Ferre
URICE A. FERRE, MAYOR
APPROVED AS TO FORM AND CORRECTNESS:
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GE0jRJ9E F. KNOX, JR.
CITY ATTORNEY
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CITY OF MIAM1. FLORIDA
INTEROFFICE MEMORANDUM
W1.
;p. Howard V. Gary
City Manager
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U:AfE December 17, 1981 FILE
Contract with Evensen-Dodge, Inc.
Resolution for increase in
contract amount.
FFo%i Dena Spillman, Director City Commission Meeting
CommgEIi.ty Development January 14, 1982
to c:vc�osurt�s
It is recommended that the City Commission
approve the attached resolution authorizing
r- an increase in the contract in an amount not
`�' to exceed $30,000 between the City of Miami
v and Evensen-Dodge, Inc., for providing
o housing financial advisory services in connec-
tion with the production of housing for low
�-' C and moderate income families.
In March, 1976 the City of Miami's voters passed a $25,000,000 General
Obligation Housing Bond Issue to be used for financing housing for low
and moderate income renter families.
On January 22, 1981 the City Commission by Resolution No. 81-55
authorized the City Manager to enter into an agreement wit the firm
of Evensen-Dodge, Inc., in order to provide housing financial advisory
services to the City in connection with the production of housing for
low and moderate income families.
On May 1, 1981 the City entered into contract for $30,000 with
Evensen-Dodge, Inc., for the above mentioned services. The firm assisted
City staff in developing methods by which the City through its local
bond issue could participate in the financing and development of low and
moderate rental housing.
The City Commission has approved the Affordable Rental Housing Develop-
ment Program which will facilitate construction of approximately 1,000
i privately developed rental dwelling units for occupancy by families and
individuals of low and moderate income.
There exists a need for additional advisory services which exceed those
outlined in the contract. In order to implement the Affordable Rental
Housing Development Program, it is requested that an amount not to exceed
$30,000 be authorized for this purpose. Funds for the proposed increase
in contract will be provided through the City's General Obligation
Housing Bond Fund.
City Commission approval of this item is recommended.
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