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HomeMy WebLinkAboutR-08-0300City of Miami Legislation Resolution: R-08-0300 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 08-00559 Final Action Date: 6/5/2008 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE ACCEPTANCE OF STATE HOUSING INITIATIVES PARTNERSHIP FUNDS, IN THE TOTAL AMOUNT OF $2,216,228, FOR FISCAL YEAR 2008-2009; ALLOCATING SAID FUNDS, IN THE AMOUNT OF $1,994,605, FOR HOUSING ACTIVITIES, INCLUDING, BUT NOT LIMITED TO, THE SINGLE FAMILY REHABILITATION, SINGLE FAMILY REPLACEMENT HOMES, HOMEBUYERS FINANCING AND HOMEOWNERSHIP DEVELOPMENT PROGRAMS, FOR THE IMPLEMENTATION OF THE LOCAL HOUSING ASSISTANCE PLAN, AND IN THE AMOUNT OF $221,623, FOR PROGRAM ADMINISTRATION; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS FOR SAID PURPOSE. WHEREAS, in July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act ("Sadowski Act"), which provides for the allocation of a portion of new and existing documentary stamp taxes on deeds on real estate transactions to local governments for the development and maintenance of affordable housing; and WHEREAS, the Sadowski Act provides a dedicated revenue source for affordable housing and created the Florida State Housing Initiatives Partnership ("SHIP") Program; and WHEREAS, pursuant to Resolution No. 07-0204, adopted April 12, 2007, the City of Miami ("City") Local Housing Assistance Plan was approved for the period July 1, 2007 through June 30, 2010, allowing the City's continued participation in the SHIP Program; and WHEREAS, it is projected that the SHIP funding to the City for Fiscal Year 2008-2009 will be in the amount of $2,216,228; and WHEREAS, the Administration recommends the acceptance of SHIP funds, in the total amount of $2,216,228, for Fiscal Year 2008-2009, and the allocation of said funds in the amount of $1,994,605, for housing activities, including, but not limited to, the Single Family Rehabilitation, Single Family Replacement Homes, Homebuyers Financing and Homeownership Development Programs, for the implementation of the Local Housing Assistance Plan, and in the amount of $221,623 for program administration; 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 acceptance of SHIP funds, in the total amount of $2,216,228, for Fiscal Year 2008-2009, and the allocation of said funds in the amount of $1,994,605, for housing activities, City of Miami Page 1 of 2 File Id: 08-00559 (Version: 11 Printed On: 5/4/2017 File Number: 08-00559 Enactment Number: R-08-0300 including, but not limited to, the Single Family Rehabilitation, Single Family Replacement Homes, Homebuyers Financing and Homeownership Development Programs, for the implementation of the Local Housing Assistance Plan, and in the amount of $221,623 for program administration, is authorized. Section 3. The City Manager is authorized {1} to execute the necessary documents for said purpose. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{2} 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 File Id: 08-00559 (Version: 11 Printed On: 5/4/2017