HomeMy WebLinkAboutR-20-0100City of Miami
Resolution R-20-0100
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 7267 Final Action Date: 4/9/2020
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 OCTOBER 1, 2019 TO JANUARY 31, 2020 IN THE AMOUNT OF
$167,724.69 AND AN ADDITIONAL AMOUNT OF $30,000.00 OF
RECAPTURED FUNDS, FOR A TOTAL AMOUNT OF $197,724.69, AS
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 that
are required to be used for eligible program activities; and
WHEREAS, from October 1, 2019 to January 31, 2020, the Department collected
$167,724.69 in Home Investment Partnership ("HOME") program income and an amount of
$30,000.00 in recaptured funds; and
WHEREAS, pursuant to HOME regulations 24 CFR Part 92.503, program income and
recaptured funds must be used for eligible HOME activities; and
WHEREAS, the Department recommends the allocation of the program income
generated October 1, 2019 to January 31, 2020 in the amount of $167,724.69 and an additional
amount of $30,000.00 of recaptured funds, for a total amount of $197,724.69, as 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 from October 1, 2019 to January
31, 2020 in the amount of $167,724.69 and an additional amount of $30,000.00 of recaptured
funds, for a total amount of $197,724.69, as specified in Exhibit "A," attached and incorporated,
is authorized.'
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited to, those prescribed by applicable City Charter and City Code
provisions.
City of Miami Page 1 of 2 File ID: 7267 (Revision:) Printed On: 5/1/2025
File ID: 7267 Enactment Number: R-20-0100
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 3/30/2020
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: 7267 (Revision:) Printed on: 5/1/2025