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Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 11-00294 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 $495,364, FROM THE
FORECLOSURE PREVENTION PROGRAM; ALLOCATING SAID FUNDS, TO THE
STRATEGIES LISTED UNDER THE APPROVED LOCAL HOUSING ASSISTANCE
PLAN, 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, pursuant to Resolution No. 08-0639 adopted November 13, 2008, the Miami City
Commission approved the transfer of State Housing Initiative Partnership Program ("SHIP") funds, in
the amount not to exceed $500,000 to the Foreclosure Prevention Program ("FPP"); and
WHEREAS, there is currently a balance of $495,364 remaining under the program; and
WHEREAS, the City of Miami Department of Community Development ("DCD") has until the end of
June, 2012, to expend all SHIP funds; and
WHEREAS, per the approved Local Housing Assistance Plan ("LHAP"), DCD will be able to assist
families with income levels of up to 120% of the median income in all the strategies outlined in the
LHAP (i.e. First Time Homebuyer Program, Single Family Rehabilitation and Replacement Program as
well as Foreclosure Prevention); and
WHEREAS, the City Administration recommends the de -obligation of SHIP funds, in the total
amount of $495,364, from the FPP and the allocation of said funds to all the strategies listed under the
approved LHAP, as specified in Exhibit "A", attached and incorporated;
--NOW4HER€FORE,-BE-IT RESOLVED -BY THE--COMMISSION-0E-THE--GI-TY-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 $495,364, from the FPP and
the allocation of said funds to the strategies listed under the approved LHAP, 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
City of Miami Page 1 of 2 File Id: 11-00294 (Version: 1) Printed On: 411412011
File Number.. 11-00294
of the Mayor. {2}
APPROVED AS TO FORM AND CORRECTNESA
JULIE O. BRU
CITY ATTORNE
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: 11-00294 (Version: 1) Printed On: 4/14/2011