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HomeMy WebLinkAboutR-19-0458City of Miami Resolution R-19-0458 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 6504 Final Action Date: 11/21/2019 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AMENDING THE CITY OF MIAMI'S DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT'S AFFORDABLE RENTAL HOUSING PRESERVATION PROGRAM POLICY TO ALLOW PROGRAM FUNDS TO BE USED FOR PROPERTY ACQUISITION, AS MORE PARTICULARLY DESCRIBED 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. WHEREAS, the supply of affordable housing has failed to keep pace with demand which has driven housing prices up and has made many City of Miami ("City") neighborhoods less affordable; and WHEREAS, according to a study performed by the Florida International University Jorge M. Perez Metropolitan Center ("FIU Study"), the City loses approximately 1,200 affordable housing units each year due to increasing cost; and WHEREAS, in accordance with recommendations set forth in the FIU Study, the City should first stem the loss of affordable housing units before creating new units; and WHEREAS, the City's Department of Housing and Community Development's Affordable Rental Preservation Program Policy ("Policy") is designed to help stem the loss of affordable housing units in the City; and WHEREAS, the City's Administration recommends that the Policy be amended, as more particularly described in Exhibit "A," attached and incorporated, in order to allow for property acquisition to preserve affordable housing units; 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 amendment of the Policy to allow program funds to be used for property acquisition, as more particularly described in Exhibit "A," attached and incorporated, is authorized.' City of Miami Page 1 of 2 File ID: 6504 (Revision:) Printed On: 4/28/2025 File ID: 6504 Enactment Number: R-19-0458 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. 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 Attor ey 10/24/2019 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. City of Miami Page 2 of 2 File ID: 6504 (Revision:) Printed on: 4/28/2025