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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #7695 Date: 07/23/2020 Commission Meeting Date: 07/23/2020 Requesting Department: City Commission Sponsored By: Alex Diaz de la Portilla, Ken Russell, Manolo Reyes, Keon Hardemon District Impacted: Type: Resolution Subject: Acceptance of Coronavirus Relief Fund ("CRF") Purpose of Item: <Insert Purpose of Item Here> Background of Item: <Insert Background Here> Budget Impact Analysis Total Fiscal Impact: <Insert Account information Here> City Commission Legislative Division Office of the City Attorney Office of the Mayor Office of the City Clerk Office of Management and Budget Office of the City Attorney Office of the City Attorney Office of the City Clerk Reviewed B Nicole Ewan Marta Gomez Richard Appleton Mayor's Office City Clerk's Office Christopher M Rose Barnaby L. Min Victoria Mendez City Clerk's Office Meeting Completed Legislative Division Review Completed ACA Review Completed Unsigned by the Mayor Completed Signed and Attested by the City Clerk Completed Department Head Review Completed Deputy Attorney Review Approved Form and Correctness Rendered Completed Completed Completed 07/23/2020 9:00 AM 07/23/2020 9:43 PM 07/27/2020 4:22 PM 07/31/2020 12:40 PM 07/31/2020 1:06 PM 08/13/2020 7:12 AM 08/13/2020 11:17 AM 08/13/2020 2:32 PM 08/13/2020 4:46 PM City of Miami Legislation Resolution Enactment Number: R-20-0237 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 7695 Final Action Date:7/23/2020 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE ACCEPTANCE OF CORONAVIRUS RELIEF FUNDS FROM THE UNITED STATES TREASURY DEPARTMENT THROUGH FLORIDA HOUSING FINANCE CORPORATION IN THE TOTAL AMOUNT OF $1,312,500.00 AND AUTHORIZING THE ALLOCATION OF SAID FUNDS FOR MORTGAGE PAYMENT ASSISTANCE BY CREATING AND FUNDING THE CITY OF MIAMI MORTGAGE ASSISTANCE PROGRAM AS MORE PARTICULARLY DESCRIBED IN EXHIBIT "A," ATTACHED AND INCORPORATED ("PROGRAM"), WHEREBY THE CITY IS ALLOCATING AN AMOUNT OF $131,250.00 FOR PROGRAM ADMINISTRATION AND ALLOCATING AN AMOUNT OF $1,181,250.00 TO CREATE AND FUND THE PROGRAM IN COMFORMITY WITH THE LOCAL HOUSING ASSISTANCE PLAN; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS FOR SAID PURPOSE. WHEREAS, the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") is an economic stimulus bill passed by the 116th United States Congress and signed into law by President Donald J. Trump in March 2020 in response to the economic fallout caused by the Novel Coronavirus ("COVID-19") pandemic; and WHEREAS, the State of Florida ("State") has been awarded funds from the Coronavirus Relief Fund ("CRF") from the United States Treasury Department ("Treasury") to be spent on necessary activities due to the COVID-19 pandemic; and WHEREAS, the State has allocated approximately $120 million to local governments to be administered through the SHIP program; and WHEREAS, on July 17, 2020, the City of Miami ("City") was notified by the Florida Housing Finance Corporation ("FHFC") of a distribution of CRF funds in the total amount of $1,312,500.00 for the current program year; and WHEREAS, these funds must be spent for rental or mortgage assistance by December 30, 2020; and WHEREAS, the City's Administration recommends the acceptance of CRF funds in the total amount of $1,312,500.00 and allocating an amount of $131,250.00 for program administration and allocating an amount of $1,181,250.00 to be used for mortgage assistance for homeowners with loss or reduction in income by creating and funding the City Mortgage Assistance Program ("Program") as more particularly described in Exhibit "A," attached and incorporated, in conformity with the Local Housing Assistance Plan ("LHAP"); and WHEREAS, in accordance with Section 2-33(f) of the Code of the City of Miami, Florida, as amended, the City Commission, by a majority vote, hereby deems this Resolution to be of an emergency nature; 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 acceptance of CRF funds from Treasury through FHFC in the total amount of $1,312,500.00 and the allocation of said funds for mortgage payment assistance by creating and funding the Program, as more particularly described in Exhibit "A," attached and incorporated, whereby the City is allocating an amount of $131,250.00 for Program administration and allocating an amount of $1,181,250.00 to create and fund the Program in conformity with the LHAP is authorized. Section 3. The City Manager is authorized' to negotiate and execute any and all necessary documents, including amendments, extensions, and modifications, all in forms acceptable to the City Attorney, subject to all federal, state, and local laws that regulate the use of such funds 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, City Attor ey 8/13/2020 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. 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.