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HomeMy WebLinkAboutR-07-0134City of Miami Legislation Resolution: R-07-0134 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 07-00307 Final Action Date: 3/8/2007 A RESOLUTION OF THE MIAMI CITY COMMISSION, AMENDING RESOLUTION NO. 07-0053, ADOPTED JANUARY 25, 2007, INCREASING THE AMOUNT OF FUNDS ALLOCATED TO BETTER WAY OF MIAMI, INC., FROM $150,000 TO $200,000, FOR THE DEVELOPMENT OF AFFORDABLE HOUSING; AUTHORIZING THE TRANSFER OF THE ADDITIONAL FUNDS, IN THE AMOUNT OF $50,000, FROM THE AFFORDABLE HOUSING TRUST FUND; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS FOR SAID PURPOSE. WHEREAS, pursuant to Resolution No. 07-0053, adopted January 25, 2007, the City Commission authorized the conveyance of eight parcels of land to various developers and allocated the transfer of funds, in the amount of $150,000 from the Affordable Housing Trust fund to Better Way of Miami, Inc., for the development of affordable housing; and WHEREAS, in order to meet current City of Miami's Building Codes, the cost of the building rehabilitation was higher than previously estimated; and WHEREAS, the lowest bidder in the procurement process for the rehabilitation is $180,000; and WHEREAS, the Administration is recommending amending said Resolution, increasing the amount of funds allocated to Better Way of Miami, Inc., from $150,000 to $200,000, for the development of Affordable Housing; 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. Resolution No. 07-0053, adopted January 25, 2007, is amended to increase the amount of funds allocated to Better Way of Miami, Inc., from $150,000 to $200,000, for the development of affordable housing. Section 3. The transfer of the additional funds, in the amount of $50,000, from the Affordable Housing Trust fund, is authorized. Section 4. The City Manager is 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} City of Miami Page 1 of 2 File Id: 07-00307 (Version: 1) Printed On: 3/20/2017 File Number: 07-00307 Enactment Number: R-07-0134 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 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 File Id: 07-00307 (Version: 1) Printed On: 3/20/2017