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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL. 33133 www.ci.miami.fl.us File Number: 05-00626 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE TRANSFER OF HOME INVESTMENT PARTNERSHIPS DISTRICT FIVE FUNDS, IN THE AMOUNT OF $50,000; ALLOCATING SAID FUNDS TO HAVEN ECONOMIC DEVELOPMENT, INC., FOR HOME BUYER EDUCATION ACTIVITIES, AS SPECIFIED IN "ATTACHMENT A," ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT, WITH SAID AGENCY, FOR SAID PURPOSE. WHEREAS, per the Code of Regulations 24 CFR 92.206(d) (6), Home Investment Partnerships ("HOME") funds can be utilized for staff and overhead costs directly related to carrying out projects and services related to assisting potential owners, tenants and homebuyers; and WHEREAS, this Administration is requesting transferring HOME District 5 funds, in the amount of $50,000, to Haven Economic Development, Inc., for home buyer education activities; and WHEREAS, said agency would provide home buyer education to District 5 residents for all projects being developed receiving Department of Housing and Urban Development funding; 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 transfer of HOME District 5 funds, in the amount of $50,000 and the allocation of said funds to Haven Economic Development, Inc., for Home Buyer Education activities, as specified in Attachment A," attached and incorporated, is authorized. The City Manager is authorized{1} to execute an Agreement with said agency for Section 3. said purpose. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{2} APPROVED AS TO FORM AND CORRECTNESS:t J &TEY ERNANDEZ t f'.Jt City of Miami Page 1 of 2 Printed On: 7/15/2005 File Number: 05-00626 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. City of Miami Page 2 of 2 Printed On: 7/15/2005