HomeMy WebLinkAboutR-04-0152City of Miami
Legislation
Resolution: R-04-0152
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 04-00164 Final Action Date: 3/11/2004
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING THE REVISED CITY OF MIAMI ("CITY") LOCAL HOUSING
ASSISTANCE PLAN ("LHAP"), ATTACHED AND INCORPORATED, FOR THE
PERIOD OF JULY 1, 2001 THROUGH JUNE 30, 2004, FOR CONTINUED
PARTICIPATION OF THE CITY IN THE FLORIDA STATE HOUSING INITIATIVES
PARTNERSHIP ("SHIP") PROGRAM; AUTHORIZING THE USE OF THE
MAXIMUM SALE PRICE DETERMINED BY THE FLORIDA HOUSING FINANCE
CORPORATION'S BOND PROGRAM, CURRENTLY AT AN AMOUNT NOT TO
EXCEED $199,117, FORA NEW HOME AND AN AMOUNT NOT TO EXCEED
$173,701, FOR AN EXISTING HOME, FOR THE CITY'S SHIP PROGRAM
MAXIMUM SALE PRICE; AUTHORIZING THE CITY MANAGER TO SUBMITA
MODIFIED PLAN FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING
FINANCE CORPORATION; FURTHER AUTHORIZING THE CITY MANAGER TO
EXECUTE ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE
CITY ATTORNEY,TO IMPLEMENT THE TERMS AND CONDITIONS OF THE SHIP
AND LHAP PROGRAMS.
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 on deeds on real estate transactions 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
created the Florida State Housing Initiatives Partnership ("SHIP") Program; and
WHEREAS, in August 1994, the City of Miami ("City") was notified by the State of Florida
("State") that the City would be eligible to receive SHIP Program funds in the amount of
$1,353,387, beginning with the State's 1995-96 Fiscal Year;
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 revised City's Local Housing Assistance Plan ("LHAP"), attached and
incorporated, for the period of July 1, 2001 through June 30, 2004, for the City's continued
participation in the Florida SHIP Program, is approved.
Section 3. Use of the maximum sale price determined by the Florida Housing Finance
City of Miami
Page 1 of 2 File Id: 04-00164 (Version: 11 Printed On: 9/1/2016
File Number: 04-00164 Enactment Number: R-04-0152
Corporation's Bond Program, currently at an amount not to exceed $199,117, for a new home, and
an amount not to exceed $173,701, for an existing home, for the City's SHIP program maximum
sale price, is authorized.{1}
Section 4. The City Manager is authorized{1} submit a modified plan to the Florida Housing
Finance Corporation for review and approval.
Section 5. The City Manager is authorized{1} to execute all necessary documents, in a form
acceptable to the City Attorney, to implement the terms and conditions of the SHIP and LHAP
Programs.
Section 6. 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 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 Miami Page 2 of 2 File Id: 04-00164 (Version: 11 Printed On: 9/1/2016