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Text File Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.ci.miami.fl.us
File ID: 04-00160
Enactment #: R-04-0153
Version: 2
Type: Resolution
Introduced: 2/17/04
Status: Passed
Enactment Date: 3/11/04
Controlling Body: City Commission
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING
THE CITY OF MIAMI ("CITY") LOCAL HOUSING ASSISTANCE PLAN ("LHAP"), ATTACHED
AND INCORPORATED, FOR THE PERIOD OF JULY 1, 2004, THROUGH JUNE 30, 2007, FOR
THE CONTINUED PARTICIPATION OF THE CITY IN THE FLORIDA STATE HOUSING
INITIATIVES PARTNERSHIP ("SHIP") PROGRAM; CONFIRMING THE USE OF THE MAXIMUM
SALE PRICE DETERMINED BY THE FLORIDA HOUSING FINANCE CORPORATION'S BOND
PROGRAM, CURRENTLY AT AN AMOUNT NOT TO EXCEED $199,117, FOR A NEW HOME,
AND AN AMOUNT NOT TO EXCEED $173,701, FOR AN EXISTING HOME, FOR THE CITY'S
SHIP PROGRAM MAXIMUM SALE PRICE; CONFIRMING THAT FIVE PERCENT (5%) OF THE
SHIP ALLOCATION PLUS FIVE PERCENT (5%) OF SHIP PROGRAM INCOME IS
INSUFFICIENT TO ADEQUATELY PAY THE NECESSARY COSTS OF ADMINISTERING THE
LHAP; AUTHORIZING THE USE OF TEN PERCENT (10%) OF THE CITY'S ANNUAL SHIP
ALLOCATION PLUS FIVE PERCENT (5%) OF SHIP PROGRAM INCOME TO COVER
ADMINISTRATIVE EXPENSES ASSOCIATED WITH THE IMPLEMENTATION OF THE SHIP
PROGRAM; AUTHORIZING THE CITY MANAGER TO SUBMIT A PLAN FOR REVIEW AND
APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; AND AUTHORIZING THE
CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO
THE CITY ATTORNEY, TO IMPLEMENT THE TERMS AND CONDITIONS OF THE SHIP
PROGRAM AND THE LHAP.
WHEREAS, in July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act ("Sadowski
Act"), which provides for the allocation of a portion of new and existing documentary stamp taxes on deeds on real estate
transactions to local governments for the developmentand maintenance of affordable 'housing; and
WHEREAS, the Sadowski Act provided a dedicatedrevenue source for affordable housing and created the Florida State
Housing Initiative Partnership Program ("SHIP"); and
WHEREAS, in August 1994, the City of Miami ("City") was notified by the State of Florida
("State") that the City would be eligible to receive $1,353,387 in SHIP Program funds beginning with the State's 1995-96 Fiscal
Year,
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
City of Miami Page 1 Printed on 4/12/2006
Section 5. The use of ten percent (10%) of the City's annual SHIP allocation, plus five percent (5%) of SHIP
Program Income funds to cover administrative expenses associated with the implementation of the SHIP program, is
authorized.{1}
Section 6. The City Manager is authorized (1 } to submit the plan to the Florida Housing Finance Corporation for
review and approval and to execute all necessary documents, in a form acceptable to the City Attorney, to implement the
terms and conditions of the SHIP Program and the LHAP.
Section 7. This Resolution shall become effective immediately upon its adoption and signature of the Mayor(2}.
City of Miami Page 2 Printed on 4/I2/2006