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HomeMy WebLinkAboutAgenda Item Cover PageAGENDA ITEM SUMMARY FORM File ID: #3057 Date: 10/10/2017 Commission Meeting Date: 11/16/2017 Requesting Department: Department of Community and Economic Development Sponsored By: District Impacted: All Type: Resolution Subject: Approve - Small Multifamily Emergency Rehabilitation Loan Program Purpose of Item: A RESOLUTION OF THE MIAMI CITY COMMISSION WITH ATTACHMENT, APPROVING THE SMALL MULTIFAMILY EMERGENCY REHABILITATION LOAN PROGRAM AS SPECIFIED IN THE ATTACHMENT "A" FOR DISASTER RELIEF ACTIVITIES PERTAINING TO THE DAMAGE CAUSED BY HURRICANE IRMA, AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSES. Background of Item: On November 16th, pursuant to Resolution No-17- the Miami City Commission approved the allocation of Program Income funds, generated from May 1 to August 31, 2017 in the total amount of $639,350.93 which included an amount of $415,578.10 for Emergency Rehabilitation Loan. Said funds will be utilized to provide rehabilitation assistance to eligible multi -family properties that were damaged due to Hurricane Irma. The Multifamily Emergency Rehabilitation Loan program, will allow small multifamily owners to make emergency repairs to their properties so that they can continue to provide a much -needed affordable housing to city residents. The City Administration recommends the approval of the Small Multifamily Emergency Rehabilitation Loan program in the amount of as specified in Attachment "A", for disaster relief activities pertaining to the Hurricane Irma. Budget Impact Analysis Item is NOT Related to Revenue Item has NOT an Expenditure Item is NOT funded by Bonds Total Fiscal Impact: $415,578.10 Department of Community Review Completed Office of Management and Office of Management and City Manager's Office City Manager's Office Legislative Division 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 Legislative Division Office of the City Attorney Office of the City Attorney Office of the City Attorney Office of the City Clerk Reviewed B and Economic Development 10/11/2017 8:54 AM Budget Luis Hernandez -Torres Budget Christopher M Rose Alberto N. Parjus Daniel J. Alfonso Valentin J Alvarez Barnaby L. Min Maricarmen Lopez Maricarmen Lopez Mayor's Office City Clerk's Office City Clerk's Office Valentin J Alvarez Richard Appleton Barnaby L. Min Victoria Mendez City Clerk's Office George Mensah Department Head Budget Analyst Review Budget Review Assistant City Manager Review City Manager Review Legislative Division Review Deputy City Attorney Review Approved Form and Correctness Meeting Completed Completed Completed Completed Completed Completed Skipped Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Completed Legislative Division Review ACA Review Deputy Attorney Review Approved Form and Correctness Rendered Completed Completed Completed Completed Completed 10/11/2017 8:59 AM 10/12/2017 9:54 AM 10/13/2017 4:54 AM 10/13/2017 5:59 AM 11/04/2017 8:47 AM 11/06/2017 4:50 PM 11/16/2017 10:29 AM 11/16/2017 9:00 AM 11/27/2017 4:24 PM 11/27/2017 7:21 PM 11/27/2017 8:00 PM 05/23/2018 1:49 PM 05/28/2018 5:21 PM 05/29/2018 8:32 AM 06/01/2018 10:03 AM 08/30/2018 12:28 PM City of Miami Legislation Resolution Enactment Number: R-17-0514 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 3057 Final Action Date:11/16/2017 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING THE SMALL MULTIFAMILY EMERGENCY REHABILITATION LOAN PROGRAM, AS SPECIFIED IN ATTACHMENT "A," FOR DISASTER RELIEF ACTIVITIES PERTAINING TO THE DAMAGE CAUSED BY HURRICANE IRMA; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSES. WHEREAS, pursuant to Resolution No.17-0513 adopted on November 16, 2017, the City Commission approved the allocation of Program Income funds generated from May 1, 2017 through August 31, 2017 in the total amount of $639,350.93, which included an amount of $415,578.10 for Emergency Rehabilitation Loans; and WHEREAS, said funds will be utilized to provide rehabilitation assistance to eligible multi -family properties that were damaged due to Hurricane Irma; and WHEREAS, the Small Multifamily Emergency Rehabilitation Loan program ("Program") will allow small multifamily owners to make emergency repairs to their properties so that they can continue to provide much -needed affordable housing to City of Miami residents; and WHEREAS, the City Administration recommends the approval of the Program in the amounts specified in Attachment "A," attached and incorporated, for disaster relief activities pertaining to Hurricane Irma; 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 Program, as specified in Attachment "A," attached and incorporated, for disaster relief activities pertaining to Hurricane Irma, is approved. Section 3. The City Manager is authorized' to execute any and all necessary documents, in a form acceptable to the City Attorney, for said purpose. 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. 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. APPROVED AS TO FORM AND CORRECTNESS: ndez, City Httor ey ) 6/1/2018