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HomeMy WebLinkAboutLEGISLATIONFile Number: 10-00987 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE AMENDED ALLOCATION OF HOME INVESTMENT PARTNERSHIP PROGRAM ("HOME") FUNDS, IN THE AMOUNT OF $4,974,286, FOR HOUSING PROGRAMS, FOR FISCAL YEAR 2010-2011, IN THE CATEGORIES AS SPECIFIED IN ATTACHMENT "A", ATTACHED AND INCORPORATED, FOR THE DEVELOPMENT OF AFFORDABLE HOUSING; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS IN ORDER TO IMPLEMENT THE AMENDED ALLOCATION OF SAID FUNDS. WHEREAS, pursuant to Resolution No. 10-0257, adopted June 21, 2010, the Miami City Commission approved the allocation of HOME funds in the amount of $4,974,286 for housing programs for Fiscal Year 2010-2011; and WHEREAS, pursuant to Resolution No. 10-0307, adopted July 8, 2010, the Miami City Commission approved the change in the start of City of Miami ("City") Department of Community Development's ("CD") fiscal year effective April 1, 2011; and WHEREAS, CD had previously allocated HOME funds, in the categories, specified in Attachment "A", attached and incorporated, based on a twelve (12) month allocation and due to said change, Resolution No. 1 Q-0257 has been amended to reflect new allocations based on six (6) months in order to align with the new fiscal year; and WHEREAS, the City Administration recommends the amended allocation of HOME funds, in the amount of $4,974,286, for Fiscal Year 2010-2011, in the categories as specified in Attachment "A", attached and incorporated, to align with the new fiscal year, for the provision of decent and affordable housing to low income households; 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 amended allocation of HOME funds, in the amount of $4,974,286, for housing programs, for Fiscal Year 2010-2011, in the categories as specified in Attachment "A", attached and incorporated, for the development of affordable housing, is authorized. Section 3. The City Manager is authorized {1 } to execute the necessary documents in order to implement the amended allocation of said funds. Section 4. This Resolution shall become effective immediately upon its adoption and signature of City of Miami Page I of 2 File Id. 10-00987 (Version: 1) Printed On: 8/25/2010 City of Miami City Hall 3500 Pan American r. 9 z ; Drive a " "FTS' Legislation Miami, FL 33133 www.miamigov.com 9 Resolution File Number: 10-00987 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE AMENDED ALLOCATION OF HOME INVESTMENT PARTNERSHIP PROGRAM ("HOME") FUNDS, IN THE AMOUNT OF $4,974,286, FOR HOUSING PROGRAMS, FOR FISCAL YEAR 2010-2011, IN THE CATEGORIES AS SPECIFIED IN ATTACHMENT "A", ATTACHED AND INCORPORATED, FOR THE DEVELOPMENT OF AFFORDABLE HOUSING; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS IN ORDER TO IMPLEMENT THE AMENDED ALLOCATION OF SAID FUNDS. WHEREAS, pursuant to Resolution No. 10-0257, adopted June 21, 2010, the Miami City Commission approved the allocation of HOME funds in the amount of $4,974,286 for housing programs for Fiscal Year 2010-2011; and WHEREAS, pursuant to Resolution No. 10-0307, adopted July 8, 2010, the Miami City Commission approved the change in the start of City of Miami ("City") Department of Community Development's ("CD") fiscal year effective April 1, 2011; and WHEREAS, CD had previously allocated HOME funds, in the categories, specified in Attachment "A", attached and incorporated, based on a twelve (12) month allocation and due to said change, Resolution No. 1 Q-0257 has been amended to reflect new allocations based on six (6) months in order to align with the new fiscal year; and WHEREAS, the City Administration recommends the amended allocation of HOME funds, in the amount of $4,974,286, for Fiscal Year 2010-2011, in the categories as specified in Attachment "A", attached and incorporated, to align with the new fiscal year, for the provision of decent and affordable housing to low income households; 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 amended allocation of HOME funds, in the amount of $4,974,286, for housing programs, for Fiscal Year 2010-2011, in the categories as specified in Attachment "A", attached and incorporated, for the development of affordable housing, is authorized. Section 3. The City Manager is authorized {1 } to execute the necessary documents in order to implement the amended allocation of said funds. Section 4. This Resolution shall become effective immediately upon its adoption and signature of City of Miami Page I of 2 File Id. 10-00987 (Version: 1) Printed On: 8/25/2010 File Number: 10-00987 the Mayor.{2} APPROVED AS TO FORM AND CORRECTNESS: JULIE O. BRU CITY ATTOR E 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. City of Main Page 2 of 2 File Id. 10-00987 (Version: 1) Printed On: 8/25/2010