HomeMy WebLinkAboutR-19-0139City of Miami
Resolution R-19-0139
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 5560 Final Action Date: 4/11/2019
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM HOME
INVESTMENT PARTNERSHIP ("HOME") PROGRAM FUNDS, GENERATED
FROM MAY 1, 2018 TO JANUARY 30, 2019, IN THE AMOUNT OF
$1,076,978.15 TO THE CATEGORIES SPECIFIED IN ATTACHMENT "A,"
ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO
NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL
IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO COMPLETE THE
TRANSACTION FOR THE SPECIFIED AMOUNT, FOR SAID PURPOSE(S).
WHEREAS, the Department of Housing and Community Development ("Department")
receives various types of repayments from loans provided to developers and homeowners,
referred to as program income, that are required to be used for eligible program activities; and
WHEREAS, from May 1, 2018 to January 30, 2019, the Department collected
$1,076,978.15 in Home Investment Partnership ("HOME") program income; and
WHEREAS, pursuant to HOME regulation 24 CFR Part 92.503, program income must
be used for eligible HOME activities; and
WHEREAS, the Department recommends the allocation of the program income
generated from May 1, 2018 to January 30, 2019, in the total amount of $1,076,978.15 to the
eligible HOME activities specified in Attachment "A," attached and incorporated;
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 program income generated from May 1, 2018 to
January 30, 2019, in the amount of $1,076,978.15 to the categories specified in Attachment "A,"
attached and incorporated, is authorized.'
Section 3. The City Manager is authorized' to negotiate and execute any and all
necessary documents, all in a form acceptable to the City Attorney, to complete the transaction
for the specified amount for said purpose(s).
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 Code
provisions.
City of Miami Page 1 of 2 File ID: 5560 (Revision:) Printed On: 4/17/2025
File ID: 5560 Enactment Number: R-19-0139
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
ndez, ity ttor ey ) 3/25/2019
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: 5560 (Revision:) Printed on: 4/17/2025