HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-04-0235
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 04-00316
Version: 1
File Name: Accepting ADDI Grants from U.S. HUD
File Type: Resolution Status: Passed
Reference: Controlling Body: Office of the City
Clerk
Introduced: 3/19/2004
Requester: Cost: Final Action: 4/8/2004
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION ACCEPTING UNITED STATES
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ENTITLEMENT GRANTS, UNDER
THE AMERICAN DREAM DOWNPAYMENT INITIATIVE PROGRAM FOR FISCAL YEARS 2003
AND 2004, FOR USE AS DOWNPAYMENT ASSISTANCE IN THE PURCHASE OF SINGLE
FAMILY HOUSING BY LOW-INCOME FAMILIES WHO ARE FIRST-TIME HOME BUYERS, TO
BE PROVIDED IN THE FORM OF A DEFERRED, NON -INTEREST BEARING,
NON -AMORTIZING TWENTY-YEAR LOAN TO BE REPAID BY THE HOME BUYER, IN FULL,
IN THE EVENT THAT THE HOME IS SOLD, LEASED OR RENTED DURING THE
TWENTY-YEAR PERIOD; AUTHORIZING THE CITY MANAGER TO DETERMINE WHETHER
REPAYMENT BY THE HOME BUYER IS REQUIRED IN THE EVENT OF REFINANCING OF THE
HOME DURING THE TWENTY-YEAR PERIOD, ON A CASE BY CASE BASIS; AUTHORIZING
THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, TO IMPLEMENT ACCEPTANCE OF SAID GRANTS
AND PROGRAM.
Sponsors:
Notes:
Indexes:
Attachments: 04-00316 - Cover Memo.pdf,04-00316 - Public Hearing Notice.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1 Office of the City 3/29/2004 Reviewed and
Attorney Approved
1 City Commission 4/8/2004 ADOPTED Pass
1 Office of the Mayor 4/15/2004 Signed by the Mayor
City ofMiami Page 1 Printed on 9/7/2016