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Resolution: R-09-0066
File Number: 09-00064 Final Action Date: 2/12/2009
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CITY
MANAGER TO EXECUTE AGREEMENTS TO PURCHASE AND/OR LEASE REAL
PROPERTIES LOCATED WITHIN THE CITY OF MIAMI, PURSUANT TO TITLE III
OF DIVISION B OF THE HOUSING AND ECONOMIC RECOVERY ACT 2008, FOR
THE PURPOSE OF ASSISTING IN THE REDEVELOPMENT OF ABANDONED AND
FORECLOSED HOMES UNDER THE EMERGENCY ASSISTANCE FOR
REDEVELOPMENT OF ABANDONED AND FORECLOSED HOMES, A/K/A
NEIGHBORHOOD STABILIZATION PROGRAM, FROM THE UNITED STATES
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"), WITH FUNDS
AWARDED TO THE CITY OF MIAMI BY HUD, IN THE AMOUNT OF $12,063,702,
FOR AN EIGHTEEN (18) MONTH PERIOD, FOR SAID PURPOSE.
WHEREAS, on July 30, 2008, the President of the United States signed the Housing
Economic Recovery Act of 2008 ("HERA"), which includes the Neighborhood Stabilization Program
("NSP"), administered by the United States Department of Housing and Urban Development ("HUD");
and
WHEREAS, the NSP provides targeted emergency assistance to state and local governments
to acquire and redevelop foreclosed properties that might otherwise become sources of
abandonment and blight within their communities; and
WHEREAS, the City of Miami ("City") has one of the highest rates of foreclosed homes in the
nation; and
WHEREAS, HUD has awarded a grant in the amount of $12,063,702 to the City in Community
Development Block Grant ("CDBG") funds; and
WHEREAS, the Department of Community Development administers CDBG funds and has
the sole responsibility to administer these CDBG funds to effectuate the purposes of the NSP; and
WHEREAS, HERA mandates that these CDBG funds must be committed "within eighteen (18)
months of receipt of the amounts, as required by HUD"; and
WHEREAS, the negotiation for the purchase of foreclosed and abandoned properties must be
completed within the "eighteen (18) month" time period as contemplated by HUD; and
WHEREAS, most lenders require buyers of foreclosed properties to be able to quickly go into
contract and close on the properties; and
WHEREAS, the Department of Community Development shall use due diligence in identifying
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File Number: 09-00064 Enactment Number: R-09-0066
properties to purchase that will effectuate the purpose of the NSP and will also be in accordance with
policies as approved by the City Commission; and
WHEREAS, the Department of Community Development will ensure that purchases and/or
leases of real properties are done pursuant to the statutory rules and regulations of the NSP; and
WHEREAS, for the limited purpose of complying with the requirements of the NSP, the City
Manager has the authority to execute agreements for the purchase and/or lease of real properties
located within the City;
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 City Manager is authorized{1 } to execute Agreements to purchase and/or lease
real properties located within the City, pursuant to Title III of Division B of HERA, for the purpose of
assisting in the redevelopment of abandoned and foreclosed homes under the Emergency Assistance
for Redevelopment of Abandoned and Foreclosed Homes, a/k/a NSP, from HUD, with funds awarded
to the City by HUD, in the amount of $12,063,702, for an eighteen (18) month period, for said
purpose.
Section 3. This Resolution shall become effective immediately upon its adoption and signature
of the Mayor. {2}
Footnotes:
{1} The herein authorization is further subject to compliance with all requirements that may be
imposed by the City Attorney, including, but not limited to, those prescribed by applicable City Charter
and 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.
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