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Text File Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.ci.miami.fl.us
File ID: 06-00233
Enactment #: R-06-0126
Version: 2
Type: Resolution Status: Passed
Enactment Date; 2/23/06
Introduced: 2/14/06 Controlling Body: Office of the City
Clerk
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 guidelnes, 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, adoptedJune 10, 2004, is amended in 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 Paget Printed on 6/15/2006
Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. {2}.
City of Miami Page 2
Printed on 6115/2006