HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #6324
Date: 08/08/2019
Commission Meeting Date: 09/12/2019
Requesting Department: Department of
Housing and Community Development
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Allocate Funds - Home Investment Partnership
Purpose of Item:
AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM HOME
INVESTMENT PARTNERSHIP ("HOME") PROGRAM FUNDS GENERATED FROM
FEBRUARY 1, 2019 TO JUNE 30, 2019 IN THE AMOUNT OF $325,480.82 TO THE
CATEGORIES SPECIFIED IN ATTACHMENT "A", ATTACHED AND
INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND
ALL THE NECESSARY DOCUMENT TO COMPLETE THE TRANSCATION FOR THE
SPECIFIEC AMOUNTS, FOR SAID PURPOSE(S).
Background of Item:
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.
From February, 2019 to June 30, 2019, the Department collected $325,480.82 in Home
Investment Partnership ("HOME") program income.
Pursuant to HOME regulations 24 CFR Part 92.503, program income must be used for
eligible HOME activities.
The City Administration recommends the allocation of the program income generated
February 1, 2019 to June 30, 2019 in the total amount of $325,480.82 to the activities
specified in Attachment "A" attached and incorporated, which are eligible HOME
activities.
Budget Impact Analysis
Item has NOT an Expenditure
Item is NOT Related to Revenue
Item is NOT funded by Bonds
Total Fiscal Impact:
$325,480.82
Special Revenue Account No: TO BE DETERMINED
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
08/08/2019 1:54 PM
Budget Luis Hernandez -Torres
Budget Christopher M Rose
Sandra Bridgeman
Valentin J Alvarez
Nikolas Pascual
Richard Appleton
Barnaby L. Min
Victoria Mendez
Maricarmen Lopez
Mayor's Office
City Clerk's Office
City Clerk's Office
George Mensah Department Head
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
Unsigned by the Mayor
Signed and Attested by the City
Rendered
Clerk Completed
Completed 08/12/2019 12:55 PM
Completed 08/22/2019 6:37 AM
Completed 08/22/2019 11:46 PM
Completed 08/23/2019 9:05 AM
Completed 08/23/2019 10:21 AM
Completed 08/23/2019 5:10 PM
Completed 08/26/2019 1:45 PM
Completed 08/30/2019 4:03 PM
Completed 09/12/2019 9:00 AM
Completed 09/20/2019 3:55 PM
09/20/2019 4:27 PM
Completed 09/20/2019 4:27 PM
City of Miami
Legislation
Resolution
Enactment Number: R-19-0348
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 6324 Final Action Date:9/12/2019
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
FEBRUARY 1, 2019 TO JUNE 30, 2019 IN THE AMOUNT OF $325,480.82 TO THE
CATEGORIES SPECIFIED IN EXHIBIT "A," ATTACHED AND INCORPORATED;
FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE
ANY AND ALL NECESSARY DOCUMENTS, ALL IN A FORM ACCEPTABLE TO THE
CITY ATTORNEY, 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 February 1, 2019 to June 30, 2019, the Department collected
$325,480.82 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 February 1, 2019 to June 30, 2019 in the total amount of $325,480.82 to the activities
specified in Exhibit "A," attached and incorporated, which are eligible HOME activities;
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 February 1, 2019 to
June 30, 2019 in the amount of $325,480.82 to the categories specified in Exhibit "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, 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 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
8/30/2019