HomeMy WebLinkAboutLegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 11-00287 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE DE -OBLIGATION OF STATE HOUSING INITIATIVE
PROGRAM FUNDS, IN THE TOTAL AMOUNT OF $184,761, FROM THE FLORIDA
HOMEBUYER OPPORTUNITY PROGRAM; ALLOCATING SAID FUNDS TO THE
STRATEGIES LISTED UNDER THE APPROVED LOCAL HOUSING ASSISTANCE
PLAN FOR FISCAL YEAR 2010-2013, AS SPECIFIED IN EXHIBIT "A", ATTACHED
AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY
NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, FOR SAID PURPOSE(S).
WHEREAS, on February 17, 2009, the President of the United States signed into law The
American Recovery and Reinvestment Act of 2009 which established an $8,000 Federal First -Time
Homebuyer Tax Credit for eligible first-time homebuyers purchasing primary residences before
December 31, 2009; and
WHEREAS, on May 27, 2009, the Governor for the State of Florida signed the law implementing
the 2009-2010 Appropriations Act, which established the Florida Homebuyer Opportunity Program
("FHOP"); and
WHEREAS, pursuant to Resolution No. 09-0366, adopted July 23, 2009, the Miami City
Commission approved the acceptance of FHOP funds, in the amount not to exceed $188,561; and
WHEREAS, the FHOP has expired with a balance of $184,761 remaining in the program account;
and
WHEREAS, on November 5, 2010, the Florida Housing Finance Corporation advised the City of
Miami ("City") that any remaining funds under the FHOP can be used for eligible State Housing
nitiative-Program-("SHIP")-strategies-approved-underthe-tocal-Housing Assistance -Plan -("CHAP");
and
WHEREAS, the City Administration recommends the de -obligation of SHIP funds, in the total
amount of $184,761, from the FHOP and the allocation of said funds to the strategies listed under the
approved LHAP for Fiscal Year 2010-2013, as specified in Exhibit "A", attached and incorporated;
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 de -obligation of SHIP funds, in the total amount of $184,761, from the FHOP and
City of Miami Page 1 of 2 File Id: 11-00287 (Version: 1) Printed On: 4/14/2011
File Number. 11-00287
the allocation of said funds to the strategies listed under the approved LHAP for Fiscal Year 2010-
2013, as specified in Exhibit "A", attached and incorporated, is authorized.
Section 3. The City Manager is authorized {1} to execute any necessary documents, in a form
acceptable to the City Attorney, for said purpose(s).
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor. {2}
APPROVED AS TO FORM AND CORRECTNESS:C/
JULIE O. BRU
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: I1-00287 (Version: I) Printed On: 4114/2011