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HomeMy WebLinkAboutR-24-0251City of Miami Resolution R-24-0251 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 16090 Final Action Date: 7/11/2024 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE ACCEPTANCE OF SECTION 8 HOUSING PROGRAM FUNDS, IN THE PROJECTED AMOUNT OF $4,640,500.00 FOR RENTAL ASSISTANCE, AND THE PROJECTED AMOUNT OF $459,300.00 FOR PROGRAM ADMINISTRATION FOR A TOTAL PROJECTED AMOUNT OF $5,099,800.00 FOR FISCAL YEAR ("FY") 2024-2025 ANNUAL CONTRIBUTIONS FROM THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"); AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS, FOR SAID PURPOSE. WHEREAS, the City of Miami ("City") has four hundred forty-three (443) units under Section 8 contracts; and WHEREAS, the United States Department of Housing and Urban Development ("HUD") has advised the City that the projected allocation for the Section 8 Housing Program for Fiscal Year ("FY") 2024-2025 is available in the amount of $4,640,500.00 for rental assistance payments and the amount of $459,300.00 for program administration, for a total projected amount of $5,099,800.00; and WHEREAS, the figures stated herein are projections, and the City Administration may need to adjust the figures once released by HUD; and WHEREAS, the City's Administration recommends the acceptance of Section 8 Funds for FY 2024-2025 in the total estimated amount of $5,099,800.00; 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 Section 8 Housing Program funds in the projected amount of $4,640,500.00 for rental assistance and the projected amount of $459,3000.00 for program administration, for a total projected amount of $5,099,800.00. for FY:2024-2025, is authorized.' Section 3. These allocations will be adjusted in direct proportion to the actual allocation of Section 8 funds provided by HUD for the FY 2024-2025. 1 The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to those prescribed by applicable City Charter and City Code provisions. City of Miami Page 1 of 2 File ID: 16090 (Revision:) Printed On: 7/22/2024 File ID: 16090 Enactment Number: R-24-0251 Section 4. The City Manager is authorized' to execute any and all necessary documents for said purpose. Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: �r .ram g III, C y ttor ey 7/1/2024 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: 16090 (Revision:) Printed on: 7/22/2024