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Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 11-00029 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION ACCEPTING FUNDS, IN THE
AMOUNT OF $4,558,939, CONSISTING OF A GRANT AWARD FROM THE
UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT,
FOR THE NEIGHBORHOOD STABILIZATION PROGRAM 3, UNDER THE
DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT
ENACTED JULY 21, 2010; AUTHORIZING THE CITY MANAGER TO EXECUTE
THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, TO IMPLEMENT THE ACCEPTANCE AND ADMINISTRATION OF
SAID GRANT AWARD.
WHEREAS, on July 21, 2010, the President of the United States signed the Dodd -Frank Wall
Street Reform and Consumer Protection Act of 2010 which includes the Neighborhood Stabilization
Program 3 ("NSP3"); and
WHEREAS, the NSP3 is designed to stabilize neighborhoods whose viability has been, and
continues to be, damaged by the economic effects of properties that have been foreclosed and
abandoned; and
WHEREAS, the United States Department of Housing and Urban Development ("U.S. HUD") has
advised the City of Miami that a grant in the amount of $4,558,939 has been awarded for its NSP3
under the Dodd -Frank Wall Street Reform and Consumer Protection Act of 2010; and
WHEREAS, the City Administration recommends the acceptance of said grant award for the
implementation of the NSP3;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORI DA:
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. Funds, in the amount of $4,558,939, consisting of a grant award from U.S. HUD, for
the NSPS, under the Dodd -Frank Wall Street Reform and Consumer Protection Act of 2010, are
accepted.
Section 3. The City Manager is authorized {1} to execute the necessary documents, in a form
acceptable to the City Attorney, to implement the acceptance and administration of said grant award.
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: 11-00029 (Version: 1) Printed On: 1/21/2011
File Number' 11-00029
APPROVED AS TO FORM AND CORRECTNESS:t
CITY ATTORNEY
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: 11-00029 (Version: 1) Printed On: 1/21/2011