HomeMy WebLinkAboutcover memoCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
01-00scc
(,3)
TO : DATE :
FROM :
The Honorable Mayor and
Members of The City Commission
Joe Arriola
City Manager
SUBJECT :
REFERENCES:
MAY 1 7 451FILE :
Accepting FY'2004- 2005
State Housing Initiatives
Partnership (SHIP)
ENCLOSURES: City Commission Meeting
June 10, 2004
RECOMMENDATION:
It is respectfully recommended that the City Commission adopt the attached Resolution
accepting the State Housing Initiatives Partnership (SHIP) funds for Fiscal Year 2004-2005 for
the implementation of the Local Housing Assistance Plan, that was approved on March 11,
2004. The funding will be individually awarded through the City of Miami Housing and
Commercial Loan Committee.
BACKGROUND:
According to the plan approved by the City Commission on March 11, 2004, the projected
amount of State Housing Initiative Partnership (SHIP) for Fiscal Year 2004-2005 will be as
follows.
PROGRAM
AMOUNT
FY'2004-2005 Florida Housing Finance Corporation (SHIP)
$1,580,849
Administration 10%
$ 175,649
TOTAL
$1,756,498
It is recommended that the City Commission adopt the attached Resolution, accepting the State
Housing Initiative Partnership (SHIP) funds for Fiscal Year 2004-2005 for the implementation of
the Local Housing Assistance Plan, that was approved on March 11, 2004 and authorizing the
City Manager to execute the necessary documents, in a form acceptable to the City Attorney, to
implement acceptance of said funds.
The Proposed Resolution does not have a budgetary impact on the General Fund.