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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.ci,miamLfl.us File Number: 06-00887 Final Action Dale: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE ACCEPTANCE OF HOME INVESTMENT PARTNERSHIPS PROGRAM FUNDS, IN THE AMOUNT OF $4,643,888, FOR THE 32ND PROGRAM YEAR; ALLOCATING SAID FUNDS TO THE VARIOUS ACTIVITIES LISTED IN "ATTACHMENT A," ATTACHED AND INCORPORATED, FOR THE DEVELOPMENT OF AFFORDABLE HOUSING; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS, FOR ACCEPTANCE OF SAID FUNDS. WHEREAS, the United States Department of Housing and Urban Development has advised the City of Miami ("City") that the projected 32nd Program Year entitlement will be $4,643,888 for the Home Investment Partnerships ("HOME") Program; and WHEREAS, the Administration recommends that HOME Program funds be allocated to the various activities listed on "Attachment A," attached and incorporated; 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 HOME Program funds in the amount of $4,643,888, for the 32nd Program year, and the allocation of said funds to the various activities listed in "Attachment A," attached and incorporated, for the development of affordable housing, 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 o RRECTNESS: ' " ORG LIT ERNANDEZ RNEY City of Miami Page 1 of 2 Printed On: 5/19/2006 File Number: 06-00887 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 CityCharter and Code provisions. {2} If the Mayor does not sign this Resolution, it shallbecome effective at the end of #en {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. Clip of Miami Page 2 of 2 Printed On: 5/19/2006