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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 13-00769 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE ACCEPTANCE OF STATE HOUSING INITIATIVES PARTNERSHIP FUNDS ("SHIP"), IN THE TOTAL AMOUNT OF $572,606 FOR FISCAL YEAR 2013-2014, AS SHOWN ON 'EXHIBITA", ATTACHED HERETO, FOR THE STRATEGIES UNDER THE CURRENT SHIP LOCAL HOUSING ASSISTANCE PLAN; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. WHEREAS, on 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 created the Florida State Housing Initiative Partnership ("SHIP") Program; and WHEREAS, pursuant to Resolution No. 13-0137, adopted April 11, 2013, the City Commission approved the City of Miami's ("City's") Local Housing Assistance Plan ("LHAP") for the period of July 1, 2013 through June 30, 2016, allowing the City's continued participation in the Florida SHIP Program; and WHEREAS, on June 4, 2013, the City was notified by the Florida Housing Finance Corporation that it would receive a distribution of SHIP funds in the total amount of $572,606 for Fiscal Year 2013-2014, as shown on "Exhibit A", attached hereto; and WHEREAS, the City Administration recommends the acceptance of said SHIP funds, in the total amount of $572,606 for Fiscal Year 2013-2014, 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 fully set forth in this Section. Section 2. The acceptance of SHIP funds, in the total amount of $572,606 for Fiscal Year 2013- 2014, as shown on "Exhibit A", attached hereto, for the strategies under the current SHIP LHAP, is authorized. Section 3. The City Manager is further authorized {1} to execute the necessary documents, in a form acceptable to the City Attorney, for said purpose. Section 4. This Resolution shall become effective immediately upon its adoption and signature of City of Miami Page 1 of 2 File Id: 13-00769 (Version: 1) Printed On: 7/12/2013 File Number: 13-00769 the Mayor.{2} APPROVED AS TO FORM AND CORRECTNESS: 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: 13-00769 (Version: 1) Printed On: 7/12/2013