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HomeMy WebLinkAboutR-05-0033City of Miami Legislation Resolution: R-05-0033 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 04-01413 Final Action Date: 1/13/2005 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE ALLOCATION OF FISCAL YEAR 2005-2006 HOME INVESTMENT PARTNERSHIPS ("HOME") FUNDS IN THE PROJECTED AMOUNT OF $5,110,000; ALLOCATING SAID FUNDS IN THE AMOUNT OF $1,500,000, TO LITTLE HAVANA HOMEOWNERSHIP ADVISORY BOARD FOR THE DEVELOPMENT OF HOUSING, THE AMOUNT OF $500,000, FOR DISTRICT 4 HOUSING PILOT PROJECT, THE AMOUNT OF$649,750, FOR RENTAL HOUSING, THE AMOUNT OF $1,949,250, FOR HOMEOWNERSHIP, AND THE AMOUNT OF $511,000, FOR ADMINISTRATION; FURTHER ADOPTING THE HOUSING DEVELOPMENT POLICIES, ATTACHED AND INCORPORATED, RELATED TO THE FUNDING OF RENTAL AND HOMEOWNERSHIP HOUSING PROJECTS FOR FISCAL YEAR 2005-2006 UNDER THE HOME PROGRAM. WHEREAS, the Administration has proposed Housing Development Policies, attached and incorporated, for the funding of rental and homeownership projects under the Home Investment Partnerships ("HOME") programs; 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 projected Fiscal Year 2005-2006 HOME funds is authorized as follows: Little Havana Homeownership Advisory Board: $1,500,000 District 4 Housing Pilot Project: $ 500,000 Rental Housing: $ 649,750 Homeownership: $1,949,250 Administration: $ 511,000 Total Projected Allocation: $5,110,000 Section 3. The Housing Development Policies, attached and incorporated, related to the funding of rental and homeownership housing projects for Fiscal Year 2005-2006 under the HOME Program, are adopted. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{1} City of Miami Page 1 of 2 File Id: 04-01413 (Version: 1) Printed On: 10/21/2016 File Number: 04-01413 Enactment Number: R-05-0033 Footnotes: {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 effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 File Id: 04-01413 (Version: 1) Printed On: 10/21/2016