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Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.ci.miami.fl.us
File Number: 05-00505 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE
ACCEPTANCE OF AMERICAN DREAM DOWNPAYMENT INITIATIVE FUNDS, IN
THE TOTAL AMOUNT OF $137,300, FOR FISCAL YEAR 2005-2006, FOR FIRST
TIME HOMEBUYER DOWN -PAYMENT ASSISTANCE; AUTHORIZING THE CITY
MANAGER TO EXECUTE THE NECESSARY DOCUMENTS TO IMPLEMENT
ACCEPTANCE OF SAID FUNDS.
WHEREAS, the United States Department of Housing and Urban Development has advised the
City of Miami that the projected allocation for Fiscal Year 2005-2006, for First Time Homebuyer
Down -Payment Assistance is $137,300;
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 acceptance of American Dream Downpayment Initiative funds, in the total amount
of $137,300, for Fiscal Year 2005-2006, for First Time Homebuyer Down -Payment Assistance, is
authorized.
Section 3. The City Manager is authorized{1} to execute the necessary documents, to implement
acceptance of said funds.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.(2)
APPROVED AS TO FORM AND CORRECTNESS:
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City of Miami
Page 1 of 2 Primed On: 5/24/2005
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File Number. 05-00505
Footnotes:
{1} The herein authorization is further subject to compliance with all requirements that may be
imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter
and Code provisions.
{2} 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.
IMEml
City of Mimi Page 2 of 2 Printed On: 5/24/2005