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HomeMy WebLinkAboutAgenda Item Cover PageAGENDA ITEM COVER PAGE File ID: #7118 Resolution Sponsored by: Commissioner Manolo Reyes A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AMENDING THE CITY OF MIAMI'S DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT'S SINGLE FAMILY REHABILITATION PROGRAM ("PROGRAM") POLICY IN ORDER TO CHANGE THE MAXIMUM VALUE OF THE PROPERTIES THAT ARE QUALIFIED TO BENEFIT FROM THE PROGRAM, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT "A," ATTACHED AND INCORPORATED, WHILE USING COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS AS WELL AS STATE HOUSING INITIATIVE PROGRAM FUNDS; 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. City of Miami Legislation Resolution Enactment Number: R-20-0046 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 7118 Final Action Date:2/13/2020 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AMENDING THE CITY OF MIAMI'S DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT'S SINGLE FAMILY REHABILITATION PROGRAM ("PROGRAM") POLICY IN ORDER TO CHANGE THE MAXIMUM VALUE OF THE PROPERTIES THAT ARE QUALIFIED TO BENEFIT FROM THE PROGRAM, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT "A," ATTACHED AND INCORPORATED, WHILE USING COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS AS WELL AS STATE HOUSING INITIATIVE PROGRAM FUNDS; 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, according to the Zillow Home Value Index, the average value of single family properties in the City of Miami ("City") is $367,249.00; and WHEREAS, this amount means that many of the homeowners in the City will not qualify for the City's Department of Housing and Community Development's ("Department") Single Family Rehabilitation Program ("Program") due to the Program's current maximum home value limitations; and WHEREAS, the Department has received numerous requests from low income homeowners whose properties fall outside of the current maximum home value limitations and who do not have sufficient income to obtain traditional financing to repair their homes; and WHEREAS, the City's Administration recommends amending the Department's Program policy, as more particularly described 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 amendment of the Department's Program policy in order to change the maximum value of the properties that are qualified to benefit from the Program, as further described in Exhibit "A," attached and incorporated, while using Community Development Block Grant funds and State Housing Initiative Program funds 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. APPROVED AS TO FORM AND CORRECTNESS: