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HomeMy WebLinkAboutPre-LegislationIci I�Cf#1 111N 41 City of Miami Legislation Resolution: R-16-0160 City Hall 3500 Pan American Drive Miami, FL 33133 wnvw.miamigov:com File Number: 16.00335 Final Action Date: 4/142016 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING THE CITY OF MIAMI ('CITY"`) LOCAL HOUSING ASSISTANCE PLAN ("LHAP"), ATTACHED AND INCORPORATED, FOR THE PERIOD FROM JULY 1, 2016 THROUGH JUNE 30, 2019, FOR THE CONTINUED PARTICIPATION OF THE CITY IN THE FLORIDA STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") PROGRAM; AUTHORIZING THE CITY MANAGER TO SUBMIT THE PLAN FOR REVIEWAND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO IMPLEMENT THE TERMS AND CONDITIONS OF THE LHAP AND THE SHIP PROGRAM. WHEREAS, in July 1992, the State of Florida enacted the Wiliam E. SadowskiAffordable Housing Act ("Sadowski Act"), which provides for the allocation of a portion of new and existing documentary stamp taxes on deeds of 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 State Housing Initiative Partnership ("SHIP") Program; and WHEREAS, pursuant to Section 420.9072(2)(a), Florida Statutes, a county, or eligible municipality, must submit to the Florida Housing Finance Corporation its Local Housing Assistance Plan ("LHAP"), describing the local housing assistance strategies to be eligible to receive funds under the program; and WHEREAS, the City of Miami's ("City") current LHAP will expire on June 30, 2016 and a new one is required for the continued participation in the SHIP program; and WHEREAS, the City Administration recommends approving the City's LHAP, attached and incorporated, for the period of. July 1; 2016 through June 30, 2019; 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 City's Local Housing Assistance Plan ("LHAP"), attached and incorporated, for the period of July 1, 2016 through June 30, 2019, for the continued participation of the City in the Florida SHIP Program, is approved_ Section 3. The City Manager is authorized {1} to submit the plan to the Florida Housing Finance Corporation for review and approval, and to execute all necessary documents, in a form acceptable to City of Miaini Page 1 of 2 File ith 16-00335 (Version: 1) Printed On: 4/29/2916 File Number 96-00335 Enact/rem Number: R-16.016O the City Attorney, to implement the terms and conditions of the LIP -:and the SHIP Program. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. {2} Foots: otes: {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 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. lithe Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission . CiO7 of Miaind Page 2 of2 File Id:16-00335 (Version: 1) Printed On: 1.09,2016