HomeMy WebLinkAboutR-04-0190City of Miami
Legislation
Resolution: R-04-0190
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 04-00334 Final Action Date: 3/25/2004
A RESOLUTION OF THE MIAMI CITY COMMISSION REQUESTING THAT THE
MODEL CITY TRUST ("TRUST") MAKE AVAILABLE AN AMOUNT NOT TO
EXCEED $3,600,000, OF HOME INVESTMENT PARTNERSHIPS PROGRAM
("HOME") FUNDS THAT HAD PREVIOUSLY BEEN ALLOCATED TO THE TRUST,
FOR THE PURPOSE OF CREATING A HOUSING INITIATIVE IN DISTRICT 5
FOR AVAILABLE HOUSING; DIRECTING THE CITY MANAGER TO PRESENT
TO THE CITY COMMISSION ON APRIL 8, 2004, A RESOLUTION, SUBJECT TO
THE APPROVAL OF THE TRUST BOARD, DE -OBLIGATING HOME FUNDS, IN
AN AMOUNT NOT TO EXCEED $3,600,000, FROM THE MODEL CITY
HOMEOWNERSHIP TRUST AND REALLOCATING SAID FUNDS TO A
DISTRICT 5 HOUSING INITIATIVE PROJECT FOR THE DEVELOPMENT OF
AFFORDABLE HOUSING; FURTHER DIRECTING CITY STAFF TO DETERMINE
THE FEASIBILITY OF A HOMEOWNERSHIP PROGRAM IN THE TOWN PARK
VILLAGE PROGRAM.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. The Miami City Commission requests that the Model City Trust ("Trust") make
available an amount not to exceed $3,600,000, of Home Investment Partnerships Program
("HOME") funds that had previously been allocated to the Trust, for the purpose of creating a
housing initiative in District 5 for available housing.
Section 2. The City Manager is directed to present to the City Commission on April 8, 2004, a
resolution, subject to the approval of the Trust Board, de -obligating HOME, in an amount not to
exceed $3,600,000, from the Model City Homeownership Trust.
Section 3. The City Manager is directed to reallocate said funds to a District 5 Housing Initiative
Project for the development of affordable housing.
Section 4. The City staff is directed to determine the feasibility if a homeownership program in
the Town Park Village Program.
Section 5. This Resolution shall become effective immediately upon its adoption and signature
of the Mayor.{1}
Footnotes:
City of Miami
Page 1 of 2 File Id: 04-00334 (Version: 11 Printed On: 9/2/2016
File Number: 04-00334 Enactment Number: R-04-0190
{1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten 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: 04-00334 (Version: 1) Printed On: 9/2/2016