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Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.ci.miaml.fl.us
File Number: 06-00233
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AMENDING THE CITY OF MIAMI'S ("CITY") CONSOLIDATED PLAN ("PLAN"),
FOR FISCAL YEARS 2004-2009, PURSUANT TO RESOLUTION NO. 04-0374,
APPROVED JUNE 10, 2004, TO INCLUDE MULTI -FAMILY RE -FINANCING
GUIDELINES, UNDER THE HOUSING STRATEGY. SECTION, AS SPECIFIED IN
EXHIBIT "A," ATTACHED AND INCORPORATED; AUTHORIZING THE CITY
MANAGER TO SUBMIT THE CITY'S AMENDED PLAN FOR FISCAL YEARS
2004-2009, TO THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT, FOR REVIEW AND APPROVAL; FURTHER AUTHORIZING THE
CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS, FOR SAID
PURPOSE.
WHEREAS, pursuant to Resolution No. 04-0374, adopted June 10, 2004, the City Commission
approved the Consolidated Plan for Fiscal Years 2004-2009 ("Plan"); and
WHEREAS, the Plan assesses the City of Miami's ("City") housing needs, barriers to affordable
housing and community development needs, identifies resources to address these needs and
establishes the structure to implement the Plan; and
WHEREAS, the Administration recognizes that the need to refinance existing debt of multi -family
buildings receiving funds for rehabilitation is essential, in some cases, in making or preserving the
units affordable to low income families; and
WHEREAS, the recommended guidelines, attached and incorporated, will assist the Department of
Community Development ("Department") in reviewing the feasibility of such developments to ensure
the financing mechanism in place and the development meets regulatory as well as the Department's
overall goal of neighborhood revitalization;
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 City's Plan, pursuant to Resolution No. 04-0374, adopted June 10, 2004, is
amended to include Multi -Family Refinancing guidelines, under the Housing Strategy Section, as
specified in Exhibit "A," attached and incorporated.
Section 3. The City Manager is authorized {1} to submit the City's amended Plan for Fiscal Years
2004-2009 to the United States Department of Housing and Urban Develop met for review and
approval.
City of Miami Page 1 of 2 Printed On: 244/2006
File Number: 06-00233
Section 4. The City Manager is further authorized {1} to execute the necessary documents, for said
purpose.
Section 5. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}.
APPROVED AS TO FORM AND CORRECTNESS:
JORGE L. FERNANDEZ
CITY ATTORNEY
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 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: 2/14/2006