HomeMy WebLinkAboutResolution FR/SRJ-03-424
05/08/03
RESOLUTION NO. 10 3 - 4 5 4
A RESOLUTION OE' THE MIAMI CITY COMMISSION,
WITH ATTACHMENT(S), AUTHORIZING THE
ALLOCATION OF 29TH YEAR COMMUNITY DEVELOPMENT
BLOCK GRANT ("CDBG") PROGRAM FUNDS, IN THE
AMOUNT OF $1,500,000, TO CREATE THE LITTLE
HAVANA HOME OWNERSHIP ZONE TRUST AND
29TH YEAR HOME INVESTMENT PARTNERSHIPS
("HOME") PROGRAM FUNDS, IN THE AMOUNT OF
$500,000, TO CREATE THE DISTRICT 4 HOUSING
PILOT PROJECT FOR THE DEVELOPMENT OF
AFFORDABLE HOUSING; AND FURTHER ADOPTING THE
29ni YEAR CDBG PROGRAM AND HOME PROGRAM
POLICY FOR CDBG HOUSING DEVELOPMENT CATEGORY
AND HOME HOMEOWNERSHIP ACTIVITIES, ATTACHED
AND INCORPORATED.
WHEREAS, the Administration has proposed the 29th Year
Community Development Block Grant ("CDBG") Program and Home
Investment Partnerships ("HOME")
Program Policy for CDBG Housing
Development Category and HOME homeownership activities, attached
and incorporated; and
WHEREAS, the City Commission wishes to authorize the
allocation of funds from (I) 29th Year Community Development
Block Grant ("CDBG") Program Funds, in the amount of $1,500,000,
to create the Little Havana Home Ownership Zone Trust and (2)
29th Year Home Investment Partnerships ("HOME") program funds, in
re re .1 one
�.+ Ya i iv G ••
CITY COMMISSION
MEETING OF
MAY 0 C 2003
Resolution No.
03- 454
the amount of $500,000, to create the District 4 Housing Pilot
Project 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.
The allocation of (1) 29th Year Community
Development Block Grant ("CDBG") Program Funds, in the amount of
$1,500,000 to create the Little Havana Home Ownership Zone Trust
and (2) 29th Year Home Investment Partnerships ("HOME") Program
Funds, in the amount of $500,000, to create the District 4
Housing Pilot Project for the development of affordable housing
are authorized.
Section 3. The 29th Year CDBG Program and HOME Program
Policy for the CDBG Housing Development Category and HOME
Homeownership Activities, attached and incorporated, is adopted.
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Section 4. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.:
PASSED AND ADOPTED this Sth day of
ATTEST:
JLtLJ�.,�7.
��:• PRI ILLA A. THOMPSON
CIT CLERK
APPROVED
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Y A ORNEY
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ORM A s CORRECTNESS e,
May
, 2003.
NUEL A. DIAZ, MAYO
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.
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