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HomeMy WebLinkAboutR-11-0008City of Miami Legislation Resolution: R-11-0008 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 10-01423 Final Action Date: 1/13/2011 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE ALLOCATION OF HOME INVESTMENT PARTNERSHIP PROGRAM FUNDS, IN THE PROJECTED AMOUNT OF $4,974,286, FOR HOUSING PROGRAMS, FOR PROGRAM YEAR 2011-2012, IN THE CATEGORIES AS SPECIFIED IN ATTACHMENT "A", ATTACHED AND INCORPORATED, FOR THE DEVELOPMENT OF AFFORDABLE HOUSING; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS TO IMPLEMENT ACCEPTANCE OF SAID FUNDS. WHEREAS, the United States Department of Housing and Urban Development ("HUD") has yet to release the final Community Planning and Development Program Formula Allocations for Program Year 2011, as such, the amount of Home Investment Partnership Program ("HOME") funds being recommended is a projection; and WHEREAS, the Administration recommends the allocation of HOME funds, in the projected amount of $4,974,286, for Program Year 2011-2012, in the categories as specified in Attachment "A", attached and incorporated, for the provision of decent and affordable housing to low income households; and WHEREAS, the funding allocation to such activities as specified in Attachment "A", may need to be adjusted once HUD confirms the final HOME formula allocation for Program Year 2011-2012; 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 HOME funds, in the projected amount of $4,974,286, for Program Year 2011-2012, in the categories as specified in Attachment "A", attached and incorporated, for the provision of decent and affordable housing to low income households, is authorized. Section 3. The City Manager is authorized {1} to execute the necessary documents to implement acceptance of said funds. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. {2} City of Miami Page 1 of 2 File Id: 10-01423 (Version: 1) Printed On: 9/25/2017 File Number: 10-01423 Enactment Number: R-11-0008 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: 10-01423 (Version: 1) Printed On: 9/25/2017