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J-03-424.
05/08/03
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RESOLUTION NO. 03- 454
A RESOLUTION OF THE MIAMI CITY COMMISSION,
WITH ATTACHMENT (S) , AUTHORIZING THE
ALLOCATION OF 29TH YEAR COMMUNITY DEVELOPMENT
BLOCK GRANT ("CDBG") PROGRAM FUNDS, IN THE
AMOUNT OF $1,500,000, TO CREATE THE LITTLE
HAVANA HOME OWNERSHIP ZONE ' TRUST, AND
29TH YEAR HOME INVESTMENT PIRTNERSHIPS
("HOME") PROGRAM FUNDS, IN THE AMOUNT OF
4500,000, TO CREATE THE DISTRICT 4 HOUSING
PILOT PROJECT FOR THE DEVELOPMENT OF
AFFORDABLE HOUSING; AND FURTHER ADOPTING' THE
29" YEAR CDBG PROGRAM AND HOME PROGRAM
POLICY FOR CMG HCUSING DEVELOPMENT CATEGORY
AND HOME HOMEOWNERSHIP ACTIVITIES, ATTACHED
AND INCORPORATED.
WHEREAS, the Administration has proposed the 29th Year
Community Development Block Grant ("CDBG")
Program and Home
Investment Partnerships ("HOME") Program Policy for CDBG Housing
Development Category and
and incorporated; and
WHEREAS, the City
HOME homeownership activities, attached
Commission wishes to authorize the
alloca,ion of funds from (1) 29th Year Community Development
Block Grant ("CDBG") Program Funds, in the amount of $1,500,000,
to create the Little Havana Home Ownership Zone Trust and (2)
29th Year Home Investment Partnerships ("HOME") program funds, in
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CITY COMMISSION
MEET= OR
MAY D 8 2003
Resolution Na.
03"a 4 4
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Section 4. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.k
PASSED AND ADOPTED this aft, day of May
ATTEST:
PRI_ ILLA A. THOMPSON
CLERK
APPROVSD
VI
Y A ORN2Y
W7 0:tr:AS:HSS
ORM +- CORRECTNESSe
•
2003.
UEL A. DIAZ, MAYO
1! If the Mayor does not sign, -this Resolution, it shall become
effective at the end of ten (10) calendar days from the date it
was passed and adopted, If the Mayor vetoes this Resolution, it
shall become effectA"ve immediately upon override of the veto by
the City Commission.
Page 3 of 3 •
03 - 45.4
TRANSFER OF HOME FUNDS FROM DISTRICT 4 HOUSING PILOT PROJECT TO
THE MDHA DEVELOPMENT CORPORATION
ATTACHMENT
Mencv / Activity Transfer From Transfer To
District 4 Housing Pilot Project $500,000
MDHA Development Corporation, Smothers Plaza $500,000
Total Funds $500,000 $500,000
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