HomeMy WebLinkAboutPre Legislation 4J-03-701
9/4/03
03- 993
RESOLUTION NO.
A RESOLUTION OF THE MIAMI CITY COMMISSION
AMENDING RESOLUTION NO. 00-867, AS AMENDED
BY RESOLUTION NO. 02-14, BY CHANGING THE
COMPOSITION OF THE ELEVEN (11) MEMBER
HOUSING AND COMMERCIAL LOAN COMMITTEE
("LOAN COMMITTEE") TO THE FOLLOWING:
A CHAIRPERSON APPOINTED BY THE MAYOR, THREE
(3) MEMBERS WITH BACKGROUNDS RELATED TO
AFFORDABLE HOUSING DEVELOPMENT OR LENDING,
TWO (2) MEMBERS WITH PRIVATE REAL ESTATE
EXPERIENCE, ONE (1) MEMBER WITH PRIVATE REAL
ESTATE LENDING EXPERIENCE, TWO (2) MEMBERS
WITH PRIVATE COMMERCIAL BUSINESS EXPERIENCE,
ONE (1) MEMBER WITH PRIVATE COMMERCIAL
LENDING EXPERIENCE, AND ONE (1) MEMBER FROM
THE CITY ADMINISTRATION APPOINTED BY THE
CITY MANAGER; AUTHORIZING THE EXPANSION OF
THE LOAN COMMITTEE'S FUNCTIONS TO INCLUDE
THE APPROVAL OF AFFORDABLE HOUSING
CONSTRUCTION GRANTS AND/OR LOANS TO BE
PROVIDED BY THE CITY THROUGH THE HOUSING
OPPORTUNITIES FOR PERSONS WITH AIDS
("HOPWA") PROGRAM.
WHEREAS, Resolution No. 00-867, adopted September 28, 2000,
as amended by Resolution No. 02-14, adopted January 10, 2002,
authorized the establishment of an eleven (11) member Housing
and Commercial Loan Committee ("Loan Committee") to
approve/disapprove certain housing and commercial loans and/or
CITY Coma
MEETING OR
SEP 1 1 2003
Resolution No.
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grants to be provided by the City of Miami ("City") through the
Community Development Block Grant, HOME Investment Partnerships
and State Housing Initiatives Partnership Programs; and
WHEREAS, Resolution No. 00-867, as amended by Resolution
No. 02-14, established the composition of the eleven (11) member
Loan Committee and directed each approved loan to be presented
to the State of Florida Financial Emergency Oversight Board for
review and final approval; and
WHEREAS, the City Commission wishes to expand the Loan
Committee's functions to include the approval of affordable
housing construction grants and/or loans to be provided by the
City through the Housing Opportunities for Persons With AIDS
("HOPWA") 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. Resolution No. 00-867, as amended by
Resolution No. 02-14, adopted January 10, 2002, is further
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,j3- 993
amended in the following particulars:-"
"RESOLUTION NO. 00-867
Section 3. The City Manager is hereby
authorized and directed to establish an eleven (11)
member Housing and Commercial Loan Committee to
approve/disapprove (1) certain housing and commercial
loans and/or grants to be provided by the City through
the CDBG, HOME and SHIP Programs, and (2) affordable
housing construction loans and/or grants to be
provided by the City funded by the HOPWA Program,
which shall be comprised as follows:
(a) the a Chairperson appointed by the Mayor;
(b) onc(1) member who io an active affordable dousing
provider three (3) members with backgrounds related to
affordable housing development or lending;
(c) three (3) two (2) members with private real estate
experience;
(d) three members one (1) member with private real estate
lending experience;
(e) two (2) members with private commercial business
experience;
(ef) three membcra one (1) member with private commercial
lending experience; and
(.fcg) three one (1) members from the City Administration,
appointed by the City Manager.
Section D. The City Manager i-o- hereby diree-ted to
prcaent each approved loan transaction to the State of
Florida Financial Emergency Oversight Board for review and
1/
Words and/or figures stricken through shall be deleted. Underscored
words and/or figures shall be added. The remaining provisions are now
in effect and remain unchanged. Asterisks indicate omitted and
unchanged material.
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0)3— 993
final approval.
Section (149). *
Section (410) . *
* *
*
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Section 3. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.?
PASSED AND ADOPTED this llthday of September , 2003.
ATTEST:
PRISCILLA A. THOMPSON
CITY CLERK
APPROVED
ILARELLO
CIT ATTORNEY
W7438:tr:BSS
2/
L A. DIAZ, MAYOR
CORRECTNESS :�--
Words and/or figures stricken through shall be deleted. Underscored
words and/or figures shall be added. The remaining provisions are now
in effect and remain unchanged. Asterisks indicate omitted and
unchanged material.
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