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Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-00555 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE
ALLOCATION OF AMERICAN DREAM DOWNPAYMENT INITIATIVE FUNDS, IN
THE AMOUNT OF $27,682, FOR FISCAL YEAR 2008-2009, FOR THE FIRST TIME
HOMEBUYER DOWN -PAYMENT ASSISTANCE PROGRAM; AUTHORIZING THE
CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS TO IMPLEMENT
THE ACCEPTANCE OF SAID GRANT FUNDS.
WHEREAS, the United States Department of Housing and Urban Development has advised the
City of Miami that the projected American Dream Downpayment Initiative ("ADDI") funding is $27,682,
for Fiscal Year 2008-2009, for First the Time Homebuyer Down -Payment Assistance Program; and
WHEREAS, the Administration recommends the allocation of ADDI funding, in the amount of
$27,682, for Fiscal Year 2008-2009, for the First Time Homebuyer Down -Payment Assistance
Program;
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 ADDI funds, in the amount of $27,682, for Fiscal Year 2008-2009, 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 acceptance 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:
JULIE O. BRU
CITY ATTORNEY
City of Miami
Page 1 of 2 Printed On: 5/19/2008
File Number: 08-00555
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: 5/19/2008