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HomeMy WebLinkAboutR-14-0405City of Miami Legislation Resolution: R-15-0405 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 15-01087 Final Action Date: 9/24/2015 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") PROGRAM INCOME FUNDS IN THE TOTAL AMOUNT OF $1,058,875.00 FROM THE WAGNER SQUARE, LLC SETTLEMENT AGREEMENT; ALLOCATING SAID FUNDS AS DESCRIBED IN ATTACHMENT "A", ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. WHEREAS, pursuant to Resolution No. 12-0252, adopted July 12, 2012, the Miami City Commission approved the Settlement Agreement between the City of Miami ("City") and Wagner Square, LLC, which resulted in the City receiving $1,658,875.00; and WHEREAS, after much discussion with United States Department of Housing and Urban Development ("HUD"), it has been determined that the amount of $1,058,875.00 can be classified as Community Development Block Grant ("CDBG") program income; and WHEREAS, the City Administration recommends the allocation of CDBG program income funds in the amount of $1,058,875.00 from the Wagner Square, LLC settlement agreement as described in Attachment "A"; 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 allocation of CDBG program income funds in the amount of $1,058,875.00 from the Wagner Square, LLC settlement agreement, as described in Attachment "A", is authorized. Section 3. The City Manager is 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 the Mayor {2}. Footnotes: City of Miami Page 1 of 2 File Id: 15-01087 (Version: 1) Printed On: 3/23/2018 File Number: 15-01087 Enactment Number: R-15-0405 {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: 15-01087 (Version: 1) Printed On: 3/23/2018