HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-00381 Final Action Hate:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CREATION OF THE DISTRICT 3 DOWNPAYMENT
ASSISTANCE PILOT PROGRAM; FURTHER AUTHORIZING THE TRANSFER OF
FUNDS, IN THE AMOUNT OF $1,000,000, FROM THE LITTLE HAVANA
HOMEOWNERSHIP ADVISORY BOARD; ALLOCATING SAID FUNDS, TO THE
DISTRICT 3 DOWNPAYMENT ASSISTANCE PROGRAM.
WHEREAS, currently the Downpayment Assistance Program ("Program") is closed; and
WHEREAS, there is a need to assist those individuals who submitted applications to the Program
but as of yet have not been helped due to limited funding; and
WHEREAS, the Administration is recommending the transfer of funds, in the amount of
$1,000,000, from the Little Havana Homeownership Advisory Board to create and fund the District 3
Downpayment Assistance Pilot Program;
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 creation of the District 3 Downpayment Assistance Pilot Program, is approved.
Section 3, The transfer of funds, in the amount of $1,000,000, from the Little Havana
Homeownership Advisory Board and the allocation of said funds to the District 3 Downpayment
Assistance Pilot Program, is approved.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{1}
APPROVED AS TO FORM AND CORRECTNESS:
JOR
CIT1`�
FERNANDEZ
ORNEY
City of Miami
Page 1 of 2 Printed On: 3/13/2007
File Number: 07-00381
Footnotes:
{1} 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.
C7ry of Miami
Page 2 of 2 Printed On: 3/13/2007