HomeMy WebLinkAboutR-19-0500City of Miami
Resolution R-19-0500
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 6812 Final Action Date: 12/12/2019
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING PROGRAM INCOME FROM COMMUNITY DEVELOPMENT
BLOCK GRANT ("CDBG") FUNDS IN THE AMOUNT OF $544,845.98 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, the Department has received a loan payment in an amount of $544,845.98
in Community Development Block Grant ("CDBG") program income from Overtown
Development Group, Inc., a Florida For Profit Corporation ("Overtown Development"), for the
properties located at 100 Northwest 11 Street, 134 Northwest 11 Street, 1027 Northwest 1
Court, 1039 Northwest 1 Court, and 1603 Northwest 1 Court, Miami, Florida (collectively,
"Properties"); and
WHEREAS, pursuant to CDBG regulation 24 CFR Part 570.504, program income must
be used for eligible CDBG activities; and
WHEREAS, the City of Miami's Administration recommends the allocation of program
income in the amount of $544,845.98 from the loan payment from Overtown Development for
the Properties to the categories specified in Exhibit "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 CDBG program income in the amount of $544,845.98 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.
City of Miami Page 1 of 2 File ID: 6812 (Revision:) Printed On: 4/28/2025
File ID: 6812 Enactment Number: R-19-0500
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 11/26/2019
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: 6812 (Revision:) Printed on: 4/28/2025