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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 12-00081 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, AUTHORIZING THE ALLOCATION OF HOME INVESTMENT PARTNERSHIPS PROGRAM FUNDS FOR PROGRAM YEAR 2012-2013, IN THE AMOUNT OF $2,948,939, FOR HOUSING PROGRAMS IN THE CATEGORIES SPECIFIED IN ATTACHMENT "A", ATTACHED AND INCORPORATED, FOR THE DEVELOPMENT OF AFFORDABLE HOUSING; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS FOR SAID PURPOSES. WHEREAS, pursuant to Resolution No. 11-0485, adopted December 8, 2011, the City Commission approved the allocation of Home Investment. Partnerships Program ("HOME") funds for Program Year 2012-2013, in the projected amount of $4,409,501, for housing programs in the categories specified in Attachment "A", attached and incorporated, for the development of affordable housing; and WHEREAS, on January 18, 2012, the United States Department of Housing and Urban Development released the final Community Planning and Development Program Formula Allocations for Fiscal Year 2012, as such, the amount of HOME funds previously recommended has undergone significant reductions requiring a new public hearing; and WHEREAS, the City Administration recommends the allocation of HOME funds for Program Year 2012-2013, in the amount of $2,948,939, for housing programs in the categories specified in Attachment "A", attached and incorporated, for the development of affordable housing; 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 fully set forth in this Section. Section 2. The allocation of HOME funds for Program Year 2012-2013, in the amount of $2,948,939, for housing programs in the categories specified in Attachment "A", attached and incorporated, for the development of affordable housing, is authorized. Section 3. The City Manager is authorized {1} to execute the necessary documents for said purposes. e._ . Section_ ,;This_Resolution.-shall,become effective immediately upon its adoption and signature of the Mayor. {2} Cite of Miami Page 1 of 2 File Id: 12-00081 (Version: 1) Printed On: 2/2/2012 File Number: 12-00081 APPROVED AS TO FORM AND CORRECTNESS: 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: 12-00081 (Version: 11 Printed On: 2/2/2012