HomeMy WebLinkAboutR-07-0225City of Miami
Legislation
Resolution: R-07-0225
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-00518 Final Action Date: 4/12/2007
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE TRANSFER OF FUNDS, IN THE AMOUNT OF $2,000,000,
FROM THE EMPLOYEES' WORKFORCE HOUSING DOWNPAYMENT
ASSISTANCE PROGRAM; ALLOCATING SAID FUNDS, TO THE CITY OF MIAMI
DEPARTMENT OF COMMUNITY DEVELOPMENT AFFORDABLE HOUSING TRUST
RESERVE ACCOUNT, FOR THE DEVELOPMENT OF FUTURE AFFORDABLE
HOUSING.
WHEREAS, the Administration is recommending the transfer of funds, in the amount of
$2,000,000, from the Employees' Workforce Housing Downpayment Assistance Program to the
Department of Community Development Affordable Housing Trust Reserve Account, for the
development of future 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. The transfer of funds, in the amount of $2,000,000, from the Employees' Workforce
Housing Downpayment Assistance Program and the allocation of said funds to the City of Miami
Department of Community Development Affordable Housing Trust Reserve Account, for the future
development of affordable housing, is authorized.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor. {2}
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.
City of Miami
Page 1 of 1 File Id: 07-00518 (Version: 1) Printed On: 3/27/2017