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Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-00669 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE
ALLOCATION OF AMERICAN DREAM DOWNPAYMENT INITIATIVE FUNDS, IN
THE TOTAL AMOUNT OF $68,512 FOR FISCAL YEAR 2007-2008, FOR THE
FIRST TIME HOMEBUYER DOWN -PAYMENT ASSISTANCE PROGRAM;
AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY
DOCUMENTS TO IMPLEMENT THE ALLOCATION OF SAID FUNDS.
WHEREAS, the United States Department of Housing and Urban Development has advised the
City of Miami that the projected allocation for Fiscal Year 2007-2008, for the First Time Homebuyer
Down -Payment Assistance Program, is $68,612;
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 allocation of American Dream Downpayment Initiative funds, in the total amount of
$68,512, for Fiscal Year 2007-2008, for the First Time Homebuyer Down -Payment Assistance
Program, is authorized.
Section 3. The City Manager is authorized {1} to execute the necessary documents to implement
the allocation 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 CORRECTNESS:
JOG L. ` ERNANDEZ IKRM
CIT TTO' NEY
City of Mianti
Page 1 of 2 Printed On: 5/17/2007
File Number: 07-00669
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 Printed On: 5/17/2007