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HomeMy WebLinkAboutPre-LegislationCity of Miami Legislation Resolution R-17-0011 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 1447 Final Action Date: 1/12/2017 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS GENERATED FROM JULY 1, 2016 TO NOVEMBER 30, 2016, IN THE AMOUNT OF $510,618.55, TO THE CATEGORIES SPECIFIED IN ATTACHMENT"A", ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL NECESSARY DOCUMENTS TO COMPLETE THE TRANSACTION FOR THE SPECIFIED AMOUNTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE(S). WHEREAS, the Department of Community and Economic Development ("Department") receives various types of repayments from loans provided to developers and homeowners, referred to as program income that are required to be used for eligible program activities; and WHEREAS, from July 1, 2016 to November 30, 2016, the Department collected $510,618.55 in Community Development Block Grant ("CDBG") program income; and WHEREAS, pursuant to CDBG regulations 24 CFR Part 570.504, program income must be used for eligible CDBG activities; and WHEREAS, the City Administration recommends the allocation of CDBG program income generated from July 1, 2016 to November 30, 2016, in the total amount of $510,618.55, to the activities specified in Attachment "A", attached and incorporated, which are eligible CDBG activities; 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 from July 1, 2016 to November 30, 2016, in the amount of $510,618.55, to the categories specified in Attachment "A", attached and incorporated, is authorized.' Section 3. The City Manager is authorized' to execute any and all documents to complete the transaction for the specified amounts, in a form acceptable to the City Attorney. Section 4. This Resolution shall become effective immediately upon its adoption and 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 City Code provisions. City of Miami Page 1 of 2 File ID: 1447 (Revision:) Printed On: 2/2/2017 File ID: 1447 signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: Enactment Number: R-17-0011 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: 1447 (Revision:) Printed on: 2/2/2017