HomeMy WebLinkAboutR-24-0345City of Miami
Resolution R-24-0345
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16370 Final Action Date: 9/12/2024
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE
ACCEPTANCE OF STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP")
FUNDS, IN THE AMOUNT OF $2,247,367.00 FOR FISCAL YEAR ("FY") 2024-
2025, FOR THE STRATEGIES UNDER THE CURRENT SHIP LOCAL
HOUSING ASSISTANCE PLAN ("LHAP"); FURTHER AUTHORIZING THE CITY
MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS,
INCLUDING AMENDMENTS, RENEWALS, EXTENSIONS, AND
MODIFICATIONS, AS MAY BE NECESSARY, IN A FORM ACCEPTABLE TO
THE CITY ATTORNEY, AND SUBJECT TO ALL FEDERAL, STATE, AND
LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS.
SPONSOR(S): Commissioner Christine King
WHEREAS, in July 1992, the State of Florida enacted the William E. Sadowski
Affordable Housing Act ("Sadowski Act") which provides for the allocation of a portion of new
and existing documentary stamp taxes on deeds on real estate transactions to local
governments for the development and maintenance of affordable housing; and
WHEREAS, the Sadowski Act provided a dedicated revenue source for affordable
housing and it has created the Florida State Housing Initiative Partnership ("SHIP") program;
and
WHEREAS, pursuant to Resolution No. R-22-0203, adopted on June 9, 2022, the Miami
City Commission approved the City of Miami's ("City") Local Housing Assistance Plan ("LHAP")
for the period of July 1, 2022, through June 30, 2025, allowing the City's continued participation
in the SHIP program; and
WHEREAS, on June 24, 2024, the City was notified by Florida Housing Finance
Corporation ("FHFC") of a distribution of SHIP funds in the total amount of $2,247,367.00 for
State Fiscal Year ("FY") 2024-2025; and
WHEREAS, the City's Administration recommends the acceptance of SHIP funds in the
amount of $2,247,367.00 for FY 2024-2025 for the strategies under the current SHIP LHAP;
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 SHIP funds, in the total amount of $2,247,367.00 FY
City of Miami Page 1 of 2 File ID: 16370 (Revision:) Printed On: 9/23/2024
File ID: 16370 Enactment Number: R-24-0345
2024-2025, for the strategies under the current SHIP LHAP, is authorized.
Section 3. The City Manager is authorized' to negotiate and execute any and all
necessary documents, including amendments, renewals, extension, and modifications, all in
forms acceptable to the City Attorney, subject to all federal, state and local laws that regulate
the use of such funds for said purpose.
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
rge = . Wyk ng Ilf, C ty ttor -y 8/28/2024
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.
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: 16370 (Revision:) Printed on: 9/23/2024