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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #6810 Date: 11/13/2019 Commission Meeting Date: 12/12/2019 Requesting Department: Department of Housing and Community Development Sponsored By: District Impacted: All Type: Resolution Subject: Allocate Funds - HOME Program Income Purpose of Item: AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM HOME INVESTMENT PARTNERSHIP ("HOME") PROGRAM FUNDS GENERATED FROM JULY 1, 2019 TO SEPTEMBER 30, 2019 IN THE AMOUNT OF $178,517.09 TO THE CATEGORIES SPECIFIED IN ATTACHMENT "A" ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE, ANY AND ALL NECESSARY DOCUMENTS TO COMPLETE THE TRANSACTION FOR THE SPECIFIED AMOUNT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, 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 July 1, 2019 to September 30, 2019, the Department collected $178,517.09 in Home Investment Partnership ("HOME") program income; and 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 July 1, 2019 to September 30, 2019 in the total amount of $178,517.09 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: $178,517.09 Special Revenue Account No: TO BE DETERMINED 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 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 11/13/2019 5:40 PM Budget Luis Hernandez -Torres Budget Christopher M Rose Sandra Bridgeman Nikolas Pascual Valentin J Alvarez 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 City Manager Review Legislative Division Review ACA Review Deputy City Attorney Review Approved Form and Correctness Meeting Signed by the Mayor Signed and Attested by the City Rendered Clerk Completed Completed 11/18/2019 2:12 PM Completed 11/20/2019 1:52 PM Completed 11/20/2019 2:00 PM Completed 11/20/2019 2:39 PM Completed 11/21/2019 11:01 AM Completed 11/22/2019 1:56 PM Completed 11/22/2019 2:14 PM Completed 11/26/2019 4:15 PM Completed 12/12/2019 9:00 AM Completed 12/23/2019 5:44 PM 12/23/2019 5:44 PM Completed 12/23/2019 5:44 PM City of Miami Legislation Resolution Enactment Number: R-19-0498 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 6810 Final Action Date:12/12/2019 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ALLOCATING PROGRAM INCOME FROM HOME INVESTMENT PARTNERSHIP ("HOME") PROGRAM FUNDS GENERATED FROM JULY 1, 2019 TO SEPTEMBER 30, 2019, IN THE AMOUNT OF $178,517.09, TO THE CATEGORIES SPECIFIED IN EXHIBIT "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, FOR SAID PURPOSE. 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 July 1, 2019 to September 30, 2019, the Department collected $178,517.09 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 City of Miami's Administration recommends the allocation of the program income generated from July 1, 2019 to September 30, 2019, in the total amount of $178,517.09, 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 July 1, 2019 to September 30, 2019, in the amount of $178,517.09, 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. 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. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: ndez, City Attor ey 11/2672019 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.