HomeMy WebLinkAboutR-04-0271City of Miami
Legislation
Resolution: R-04-0271
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 04-00310 Final Action Date: 4/22/2004
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE
ALLOCATION OF ADDITIONAL FUNDS, IN AN AMOUNT NOT TO EXCEED
$1,800,000, FOR LAND ACQUISITION FOR THE MODEL CITY HOMEOWNERSHIP
ZONE PILOT PROJECT FROM FUNDS PREVIOUSLY DESIGNATED FOR MODEL
CITY INFRASTRUCTURE IMPROVEMENTS, IN FISCAL YEAR 2003 AND FISCAL
YEAR 2004 ALLOCATIONS OF THE HOMELAND DEFENSE/NEIGHBORHOOD
IMPROVEMENT BOND PROCEEDS, CONDITIONED UPON FAVORABLE
DECISION OF THE BOND COUNCIL.
WHEREAS, the Model City Homeownership Zone Pilot Project is culminating its acquisition
phase; and
WHEREAS, Resolution No. 01-160, adopted February 15, 2001, allocated $6.5 Million in
HOME Investment Partnership Program ("HOME") dollars for land acquisition; and
WHEREAS, the environmental review process may require an extensive period and must
precede any use of federal funds for land acquisition; and
WHEREAS, the environmental review process has commenced on properties approved for
acquisition regardless of the funding source anticipated for the acquisition; and
WHEREAS, the acquisition effort could be further delayed because of the considerable period
of time required for processing the environmental clearance; and
WHEREAS, time is of the essence in closing on certain identified properties which, in some
instances, have been in the cue for acquisition for more than two years with appraisals just as old;
and
WHEREAS, the Bond Oversight Board has authorized funds designated for the Model City
Infrastructure Improvements in Fiscal Year 2003 and Fiscal Year 2004 to be reprogrammed to enable
the identified properties in the acquisition phase; and
WHEREAS, the Model City Trust ("Trust") utilizes HOME funds currently designated for land
acquisition for infrastructure purposes consistent with the current designation of the Homeland
Defense dollars; and
WHEREAS, the Trust believes that this proposal will have no net impact on the program or the
Trust's overall program funding; and
WHEREAS, the proceeds of the Homeland Defense/Neighborhood Improvement Bond
proceeds designated for Model City Infrastructure Improvements to fund the immediate acquisition of
properties approved by the City Commission;
City of Miami
Page 1 of 2 File Id: 04-00310 (Version: 11 Printed On: 9/8/2016
File Number: 04-00310 Enactment Number: R-04-0271
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 allocation of additional funds, in an amount not to exceed $1,800,000, for land
acquisition for the Model City Homeownership Zone Pilot Project from funds previously designated for
Model City Infrastructure Improvements, in Fiscal Year 2003 and Fiscal Year 2004 allocations of the
Homeland Defense/Neighborhood Improvement Bond proceeds, is authorized, conditioned upon
favorable decision of the Bond Council.
Section 3. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.{1}
Footnotes:
{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: 04-00310 (Version: 11 Printed On: 9/8/2016