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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #4070 Date: 05/08/2018 Commission Meeting Date: 06/14/2018 Type: Resolution Subject: Accept SHIP Funds 2018-19 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 $380,166 FOR FISCAL YEAR 2018-2019, FOR THE STRATEGIES UNDER THE CURRENT SHIP LOCAL HOUSING ASSISTANCE PLAN ("LHAP"), FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, ANY AND ALL DOCUMENTS, INCLUDING AMENDMENTS, RENEWALS, EXTENSIONS, AND MODIFICATIONS, AS MAY BE NECESSARY, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS. Background of Item: In 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's LHAP for the period of July 1, 2016 through June 30, 2019, allowing the City's continued participation in the Florida SHIP Program. On April 10, 2018, the City was notified by Florida Housing Finance Corporation a distribution of SHIP funds in the total amount of $380,166 for State Fiscal Year 2018- 2019. The City Administration recommends the acceptance of SHIP funds, in the total amount of $380,166 for Fiscal Year 2018-2019, 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: $380,166 Department of Community Review Completed Office of Management and Office of Management and City Manager's Office Legislative Division City Manager's Office Office of the City Attorney Office of the City Attorney Office of the City Attorney City Commission Office of the Mayor Office of the City Clerk Office of the City Clerk Reviewed B and Economic Development 05/08/2018 3:33 PM Budget Luis Hernandez -Torres Budget Christopher M Rose Fernando Casamayor Valentin J Alvarez Nikolas Pascual Richard Appleton Barnaby L. Min Victoria Mendez Nicole Ewan Mayor's Office City Clerk's Office City Clerk's Office George Mensah Budget Analyst Review Budget Review Assistant City Manager Review Legislative Division Review City Manager Review ACA Review Deputy City Attorney Review Approved Form and Correctness Meeting Signed by the Mayor Signed and Attested by the City Clerk Rendered Department Head Completed Completed Completed Completed Completed Completed Completed Completed Completed Completed Completed Completed 05/08/2018 7:40 PM 05/09/2018 5:52 AM 05/14/2018 9:19 AM 05/16/2018 2:45 PM 05/30/2018 4:02 PM 05/31/2018 1:00 PM 05/31/2018 2:53 PM 06/01/2018 5:31 PM 06/14/2018 9:00 AM 06/25/2018 3:10 PM 06/25/2018 3:41 PM 06/25/2018 3:41 PM City of Miami Legislation Resolution Enactment Number: R-18-0238 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 4070 Final Action Date:6/14/2018 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE ACCEPTANCE OF STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") FUNDS IN THE TOTAL AMOUNT OF $380,166.00 FOR FISCAL YEAR 2018-2019 FOR THE STRATEGIES UNDER THE CURRENT SHIP LOCAL HOUSING ASSISTANCE PLAN ("LHAP"); FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS INCLUDING AMENDMENTS, RENEWALS, EXTENSIONS, AND MODIFICATIONS, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE NECESSARY FOR SAID PURPOSE, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS. WHEREAS, in July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act ("Sadowski Act") which allocates a portion of new and existing documentary stamp taxes, which were paid on the transfer of real estate, to local governments for the development and maintenance of affordable housing; and WHEREAS, the Sadowski Act provides a dedicated revenue source for affordable housing and it has created the Florida State Housing Initiative Partnership ("SHP") Program; and WHEREAS, pursuant to Resolution No. 16-0160 adopted April 14, 2016, the Miami City Commission approved the City of Miami ("City") Local Housing Assistance Program ("LHAP") for the period from July 1, 2016 until June 30, 2019, allowing the City's continued participation in the SHIP Program; and WHEREAS, on April 10, 2018, the City was notified by the Florida Housing Finance Corporation of a distribution of SHIP funds in the total amount of $380,166.00 for State Fiscal Year ("FY") 2018-2019; and WHEREAS, the City Administration recommends the acceptance of SHIP funds in the total amount of $380,166.00 for FY 2018-2019 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 the total amount of $380,166.00 for FY 2018-2019 for the strategies under the current SHIP LHAP is authorized.' Section 3. The City Manager is authorized to negotiate and execute any and all documents including amendments, renewals, extensions, and modifications, all in a form acceptable to the City Attorney, as may be necessary for said purpose, subject to all federal, state, and local laws that regulate the use of such funds. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. APPROVED AS TO FORM AND CORRECTNESS: ndez, City Httor ey ) 6/172018 1 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.