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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #2759 Date: 08/11/2017 Commission Meeting Date: 09/19/2017 Type: Resolution Subject: Accept SHIP Funds - FY'17 -'18 Purpose of Item: Requesting Department: Department of Community and Economic Development Sponsored By: District Impacted: All Authorizing the acceptance of State Housing Initiatives Partnership ("SHIP") funds, in the total amount of $1,230,664 for Fiscal Year 2017-2018, for the strategies under the current SHIP Local Housing Assistance Plan ("LHAP"), authorizing the City Manager to execute any and all the necessary documents, in a form acceptable to the City Attorney, for said purpose(s). Background of Item: 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. The Sadowski Act provided a dedicated revenue source for affordable housing and created the State Housing Initiative Partnership ("SHIP") Program. Pursuant to Resolution No. 16-0160, adopted April 14, 2016, the Miami City Commission approved the City of Miami amended LHAP for the period of July 1, 2016 through June 30, 2019, allowing the City's continued participation in the Florida SHIP Program. On July 24, 2017, the City was notified by Florida Housing Finance Corporation of a distribution of SHIP funds in the total amount of $1,230,664 which may vary for State Fiscal Year 2017-2018. The City administration recommends the acceptance of SHIP funds, in the total amount no less than $1,230,664 for Fiscal Year 2017-2018, for the strategies under the current SHIP LHAP. Budget Impact Analysis Item has NOT an Expenditure Item is NOT Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: $1,230,664 Reviewed B Department of Community and Economic Development George Mensah Department Head Review Completed 08/14/2017 8:20 PM Office of Management and Budget Luis Hernandez -Torres Budget Analyst Review Completed 08/15/2017 9:13 AM Office of Management and Budget Christopher M Rose Budget Review Completed 08/15/2017 9:28 AM City Manager's Office Alberto N. Parjus Assistant City Manager Review Completed 08/15/2017 11:48 PM City Manager's Office Fernando Casamayor City Manager Review Completed 08/16/2017 3:25 PM Legislative Division Marta Gomez Legislative Division Review Completed 08/17/2017 4:50 PM Office of the City Attorney Jihan Soliman Assistant City Attorney Review Completed 08/18/2017 7:08 PM Office of the City Attorney Barnaby L. Min Deputy City Attorney Review Completed 08/30/2017 12:36 PM Office of the City Attorney Victoria Mendez Approved Form and Correctness Completed 09/01/2017 4:01 PM City Commission Nicole Ewan Meeting Completed 09/14/2017 9:00 AM City Commission Nicole Ewan Meeting Completed 09/19/2017 9:00 AM Office of the Mayor Mayor's Office Signed by the Mayor Completed 09/20/2017 4:07 PM Office of the City Clerk City Clerk's Office Signed and Attested by the City Clerk Completed 09/20/2017 4:34 PM City of Miami Legislation Resolution Enactment Number: R-17-0409 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 2759 Final Action Date:9/19/2017 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE ACCEPTANCE OF STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") FUNDS IN THE TOTAL AMOUNT OF $1,230,664.00 FOR FISCAL YEAR 2017-2018 FOR THE STRATEGIES UNDER THE CURRENT SHIP LOCAL HOUSING ASSISTANCE PLAN; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO EFFECTUATE THE ACCEPTANCE OF SHIP FUNDS. 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. 16-0160, adopted April 14, 2016, the Miami City Commission approved the City of Miami ("City") Amended Local Housing Assistance Plan ("LHAP") for the period of July 1, 2016 through June 30, 2019, allowing the City's continued participation in the Florida SHIP Program; and WHEREAS, on July 24, 2017, the City was notified by the Florida Housing Finance Corporation of a distribution of SHIP funds in the total amount of $1,230,664.00; and WHEREAS, the City Administration recommends the acceptance of SHIP funds in an amount no less than $1,230,664.00 for Fiscal Year 2017-2018, 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 an amount no less than $1,230,664.00 for Fiscal Year 2017-2018 for the strategies under the current SHIP LHAP is authorized. Section 3. The City Manager is specifically authorized' to accept SHIP funds in an amount greater than $1,230,664.00 for Fiscal Year 2017-2018 for the strategies under the current SHIP LHAP without further City Commission action should such additional funds be allocated by the Florida Housing Finance Corporation. Section 4. The City Manager is authorized' to execute any and all necessary documents, in a form acceptable to the City Attorney, to effectuate the acceptance of SHIP funds. Section 5. This Resolution shall become effective immediately upon its adoption and 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 City Code provisions. signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: 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.