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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 08-00226 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE DE -OBLIGATION OF FUNDS, IN THE AMOUNT OF $225,315, FROM THE ACCOUNTS LISTED IN EXHIBIT "A," ATTACHED AND INCORPORATED; ALLOCATING SAID FUNDS, TO RAFAEL HERNANDEZ HOUSING AND ECONOMIC DEVELOPMENT CORPORATION, INC., FOR THE EXTERIOR REHABILITATION OF FOR -PROFIT BUSINESSES SPECIFIED IN EXHIBIT "B," ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, WITH SAID AGENCY, FOR SAID PURPOSE. WHEREAS, Rafael Hernandez Housing and Economic Development Corporation, Inc. ("RHHED"), is a non-profit Florida corporation located at 2400 North Miami Avenue, Miami, Florida, that focuses on community development and empowerment, building affordable homes in economically depressed areas, improving the appearance of economically depressed commercial areas and assisting local community entrepreneurial minded individuals; and WHEREAS, the accounts specified in Exhibit "A," attached and incorporated, are to be closed out because the projects did not commence or did not utilize all of the funding received; and WHEREAS, the Administration recommends de -obligating the unused funds in said accounts and the reallocation of said funds to RHHED, as specified in Exhibit "A," for the exterior rehabilitation of for -profit businesses specified in Exhibit "B," attached and incorporated, a project otherwise referenced as the Little Haiti Commercial Rehabilitation Project; and WHEREAS, funds, in the amount of $185,815, will be used to pay for construction costs and funds in the amount of $12,000, for soft cost contingencies to rehabilitate the properties, and the remaining funds in the amount of $27,500, will be paid to RHHED for its technical support fee; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORI DA: 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 de -obligation of funds, in the amount of $225,315, from the accounts listed in Exhibit "A," attached and incorporated and the allocation of said funds to RHHED, to be used for the exterior rehabilitation of for -profit businesses specified in Exhibit "B," attached and incorporated, is authorized. Section 3. The City Manager is authorized{1} to execute an Agreement, in substantially the attached form, with said agency, for said purpose. City of Miami Page 1 of 2 Printed On: 2/28 2008 File Number: 08-00226 Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{2} APPROVED AS TO FORM AND CORRECTNESS: INTERIM CITY ATTORNEY 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 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: 2/28/2008