HomeMy WebLinkAboutR-04-0499City of Miami
Legislation
Resolution: R-04-0499
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 04-00812 Final Action Date: 7/22/2004
A RESOLUTION OF THE MIAMI CITY COMMISSION, AUTHORIZING THE
TRANSFER OF HOME INVESTMENT PARTNERSHIPS PROGRAM
("HOME") FUNDS, IN AN AMOUNT NOT TO EXCEED $500,000, FROM THE
DISTRICT 4 HOUSING PILOT PROJECT; ALLOCATING SAID FUNDS TO THE
MDHA DEVELOPMENT CORPORATION FOR THE DEVELOPMENT OF THE
SMATHERS PLAZA, AN ASSISTED LIVING FACILITY.
WHEREAS, Resolution No. 03-454, adopted May 8, 2003, allocated Home Investment
Partnerships Program ("HOME") funds to the District 4 Housing Pilot Project for the development of
affordable housing in the amount of $500,000; and
WHEREAS, the need for long-term care services for older adults is potentially enormous in the
City of Miami ("City"); and
WHEREAS, there is substantial pressure to develop a larger, but low-cost, system of Assisted
Living Facilities and long-term care; and
WHEREAS, MDHA Development Corporation has both the expertise and leveraged funds to
develop the Smathers Plaza, an Assisted Living Facility inclusive of general services to benefit 105
senior citizens; and
WHEREAS, this facility will be located at 935 Southwest 30th Avenue, Miami, Florida,and house
105 elderly residents;
WHEREAS, said funds will be subject to approval by the Housing and Commercial Loan
Committee
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The transfer of HOME funds in an amount not to exceed $500,000, from the District 4
Housing Pilot Project, and the allocation of said funds to the MDHA Development Corporation for the
development of Smathers Plaza, an Assisted Living Facility, is authorized.
Section 2. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor {1}.
Footnotes:
City of Miami
Page 1 of 2 File Id: 04-00812 (Version: 1) Printed On: 9/27/2016
File Number: 04-00812 Enactment Number: R-04-0499
{1} If the Mayor does not sign this Resolution, it shall become effective at the end of (10) 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: 04-00812 (Version: 1) Printed On: 9/27/2016