HomeMy WebLinkAboutR-04-0274City of Miami
Legislation
Resolution: R-04-0274
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 04-00375 Final Action Date: 4/22/2004
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE
DE -OBLIGATION OF HOME INVESTMENT PARTNERSHIP ("HOME") FUNDS,
IN AN AMOUNT NOT TO EXCEED $3,600,000, FROM THE MODEL CITY HOME
OWNERSHIP TRUST AND REALLOCATING SAID FUNDS TO THE DISTRICT 5
HOUSING INITIATIVES PROJECT FOR THE DEVELOPMENT OF AFFORDABLE
HOUSING.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. The de -obligation of HOME Investment Partnership ("HOME") funds, in an amount
not to exceed $3,600,000, from the Model City Homeownership Trust and the reallocation of said
funds to the District 5 Housing Initiatives Project for the development of affordable housing, is
authorized.
Section 2. 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 1 of 1 File Id: 04-00375 (Version: 21 Printed On: 9/8/2016