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HomeMy WebLinkAboutR-18-0288City of Miami Resolution R-18-0288 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 4175 Final Action Date: 7/12/2018 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ALLOCATING HOME INVESTMENT PARTNERSHIP PROGRAM ("HOME") FUNDS IN THE AMOUNT OF $3,545,440.00 AND PRIOR YEAR PROGRAM INCOME IN THE AMOUNT OF $1,179,174.02, FOR A TOTAL AMOUNT OF $4,724,614.02, FOR AFFORDABLE HOUSING PROGRAMS, FOR PROGRAM YEAR 2018-2019, AS SPECIFIED IN ATTACHMENT "A," ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, AS MAY BE NECESSARY FOR SAID PURPOSE(S). WHEREAS, on May 1, 2018, the United States Department of Housing and Urban Development ("HUD") announced the final Community Planning and Development Program Formula Allocations for Program Year 2018-2019, thereby announcing the amount of Home Investment Partnership Program ("HOME") funds being recommended; and WHEREAS, the Administration recommends the allocation of HOME funds, in the amount of $3,545,440.00 and prior year program income in the amount of $1,179,174.02, for a total amount of $4,724,614.02, for Program Year 2018-2019, in the categories as specified in Attachment "A," attached and incorporated, for the provision of decent and safe affordable housing, to low income households; 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 HOME funds in the amount of $3,545,440.00 and prior year program income in the amount of $1,179,174.02, for a total amount of $4,724,614.02, for affordable housing programs for Program Year 2018-2019, as specified in Attachment "A," attached and incorporated, is authorized.' Section 3. The City Manager is authorized' to negotiate and execute any and all documents, in a form acceptable to the City Attorney, as may be necessary for said purpose(s). Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 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. City of Miami Page 1 of 2 File ID: 4175 (Revision:) Printed On: 4/1/2025 File ID: 4175 Enactment Number: R-18-0288 APPROVED AS TO FORM AND CORRECTNESS: ndez, City tton 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: 4175 (Revision:) Printed on: 4/1/2025