HomeMy WebLinkAboutSummary Form FR/SRAGENDA ITEM SUMMARY FORM Law Department
y Matter ID No.
FILE ID: ��( -01231 09-2608
Date: 10/22/2009 Requesting Department: Community Development
Commission Meeting Date: 11/19/2009 District Impacted: 1,2,3,4,5
Type: ❑ Resolution ® Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: AMENDING HOUSING AND COMMERCIAL LOAN COMMITTEE ORDINANCE
Purpose of Item:
AN ORDINANCE OF THE MIAMI CITY COMMISSION AMENDING CHAPTER 2, ARTICLE XI OF
THE CODE OF THE CITY OF MIAMI, AS AMENDED, ENTITLED "ADMINISTRATION/ BOARDS,
COMMITTEES, COMMISSIONS," BY AMENDING SECTION 2-1302 OF DIVISION 19, ENTITLED
"HOUSING AND COMMERCIAL LOAN COMMITTEE," TO AUTHORIZE THE CITY MANAGER
AND/OR HIS/HER DESIGNEE, TO APPROVE LOANS AND GRANTS, AND SUBORDINATION
AGREEMENTS, RESTRUCTURING PLANS AND REPAYMENT PLANS FOR LOANS AND GRANTS,
PROVIDED UNDER THE CITY'S SINGLE FAMILY REHABILITATION AND HOMEBUYERS
FINANCING PROGRAMS; CONTAINING A REPEALER PROVISION, A SEVERABILITY CLAUSE,
AND PROVIDING FOR AN EFFECTIVE DATE.
Background Information:
Please see attached
Budget Impact Analysis
NO Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CIP
If using or receiving; capital funds
Grants
Purchasi g
Chief
U y 1-1�
Final Approvals
(SIGN AND DATE)
Budget
Risk Man
Dept. Dir
City Man
Page 1 of 1
AGENDA ITEM SUMMARY FORM CONTINUED
Backaround Information:
Chapter 2 of the Code of the City of Miami, Florida, as amended ("City Code"), sets forth the
requirements for the various boards, committees and commissions of the City of Miami ("City").
Chapter 2, Article Xl, Division 19 of the City Code sets forth the specific requirements for the Housing
and Commercial Loan Committee.
Ordinance No. 13030 that created the Housing and Commercial Loan Committee authorized the
Housing and Commercial Loan Committee to approve, disapprove and restructure housing and
commercial loans and grants to be provided with any funds administered by the Department of
Community Development.
The Administration recommends that the City Manager and his/her designee each be authorized to
approve or disapprove housing loans and grants, and subordination agreements, restructuring plans
and repayment plans for loans and grants, provided under the City's Single Family Rehabilitation and
Homebuyers Financing Programs.