HomeMy WebLinkAboutR-08-0639City of Miami
Legislation
Resolution: R-08-0639
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-01221 Final Action Date: 11/13/2008
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE TRANSFER OF STATE HOUSING INITIATIVE PROGRAM
FUNDS, IN THE AMOUNT NOT TO EXCEED $500,000; ALLOCATING SAID FUNDS
TO THE CITY OF MIAMI DEPARTMENT OF COMMUNITY DEVELOPMENT FOR
THE IMPLEMENTATION OF THE FORECLOSURE PREVENTION PROGRAM.
WHEREAS, during the past year, the number of foreclosures throughout the State of
Florida and the City of Miami, in particular, has increased dramatically; and
WHEREAS, data from RealtyTrac, Inc. shows that a total of 2,527 homeowners in the City
of Miami were going through the foreclosure process as of July 30, 2008; and
WHEREAS, the Administration recommends the transfer of State Housing Initiative
Program ("SHIP") funds, in the amount not to exceed $500,000, to the City of Miami, Department
of Community Development Foreclosure Prevention 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 transfer of SHIP funds, in the amount not to exceed $500,000, and the
allocation of said funds to the City of Miami, Department of Community Development for the
implementation of the Foreclosure Prevention Program, is authorized.
Section 3. This Resolution shall become effective immediately upon its adoption and signature
of the Mayor.{1}
Footnotes:
{1} 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 1 of 1 File Id: 08-01221 (Version: 1) Printed On: 5/22/2017