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HomeMy WebLinkAboutR-20-0313City of Miami Resolution R-20-0313 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 7921 Final Action Date: 10/8/2020 A RESOLUTION OF THE MIAMI CITY COMMISSION, AUTHORIZING THE ACCEPTANCE OF AN ADDITIONAL ALLOCATION OF CORONAVIRUS RELIEF FUND ("CRF") FUNDS FROM THE UNITED STATES TREASURY DEPARTMENT THROUGH FLORIDA HOUSING FINANCE CORPORATION ("FHFC") IN THE TOTAL AMOUNT OF $787,500.00 AND AUTHORIZING THE ALLOCATION OF SUCH FUNDS FOR MORTGAGE ASSISTANCE WHEREBY THE CITY IS ALLOCATING AN AMOUNT OF $78,750.00 FOR PROGRAM ADMINISTRATION AND ALLOCATING AN AMOUNT OF $708,750.00 FOR MORTGAGE ASSISTANCE, IN CONFORMITY WITH THE LOCAL HOUSING ASSISTANCE PLAN ("LHAP"); 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, on July 23, 2020, pursuant to Resolution No. R-20-0237 the Miami City Commission approved the acceptance of $1,312.500.00, which included 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 of Miami Mortgage Assistance Program; and WHEREAS, on September 15, 2020, the City of Miami ("City") was notified by Florida Housing Finance Corporation of an additional allocation of Coronavirus Relief Fund ("CRF") funds in the amount of $787,500.00; and WHEREAS, these funds must be spent for mortgage assistance by December 30, 2020; and WHEREAS, the City Administration recommends the acceptance of an additional allocation of CRF funds in the total amount of $787,500.00, allocating an amount of $78,750.00 for program administration and an amount of $708,750.00 to be used for mortgage assistance for homeowners with loss or reduction of income, in conformity with the Local Housing Assistance Program ("LHAP"); 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 an additional allocation of CRF funds from the United States Treasury Department through Florida Housing Finance Corporation, in the total amount City of Miami Page 1 of 2 File ID: 7921 (Revision:) Printed On: 5/12/2025 File ID: 7921 Enactment Number: R-20-0313 of $787,500.00, thereby allocating an amount of $78,750.00 for program administration and an amount of $708,750.00 to be used for mortgage assistance for homeowners with loss or reduction of income in conformity with the Local Housing Assistance Program ("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, ity Attor ey 9/29/2020 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 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. City of Miami Page 2 of 2 File ID: 7921 (Revision:) Printed on: 5/12/2025