HomeMy WebLinkAboutR-06-0185City of Miami
Legislation
Resolution: R-06-0185
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 06-00273 Final Action Date: 3/23/2006
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AMENDING THE BUDGET OF THE MODEL CITY COMMUNITY REVITALIZATION
DISTRICT TRUST ("MODEL CITY TRUST"), TO INCLUDE AN APPROPRIATION
FOR AN AMOUNT NOT TO EXCEED $2,242,000, THAT REPRESENTS THE
PROCEEDS OF PROPERTY SALES THAT ARE SCHEDULED TO OCCUR IN
FISCAL YEAR 2006, FOR HOUSING DEVELOPED BY THE MODEL CITY TRUST.
WHEREAS, the Model City Community Revitalization District ("Model City Trust") has developed
several homes and these homes have sold or are expected to be sold during Fiscal Year 2006; and
WHEREAS, funds are necessary to continue the redevelopment efforts with which the Model City
Trust is charged; and
WHEREAS, funds are often constrained by the rules of program income and, thus, must be
carefully tracked to honor the obligations of the grants; and
WHEREAS, funds have been received in some instances, though are not available until they are
lawfully appropriated by the City Commission;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI:
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 Model City Trust's budget is amended, as described in "Exhibit A," attached and
incorporated, to include an appropriation for an amount not to exceed $2,242,000, that represents the
proceeds of property sales that are scheduled to occur in Fiscal Year 2006, for housing developed by
the Model City Trust.
Section 3. The Resolution shall become effective immediately upon its adoption and signature by
the Mayor.{1}
Footnotes:
City of Miami
Page 1 of 2 File Id: 06-00273 (Version: 11 Printed On: 1/4/2017
File Number: 06-00273 Enactment Number: R-06-0185
{1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten 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: 06-00273 (Version: 1) Printed On: 1/4/2017