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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #9442 Date: 07/26/2021 Commission Meeting Date: 09/13/2021 Requesting Department: Department of Housing and Community Development Sponsored By: District Impacted: All Type: Resolution Subject: Accept SHIP Funds - FY 2021-2022 . Purpose of Item: AUTHORIZING THE ACCEPTANCE OF STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") FUNDS, IN THE AMOUNT OF $2,088,221.00 FOR FISCAL YEAR 2021-2022, FOR THE STRATEGIES UNDER THE CURRENT SHIP LOCAL HOUSING ASSISTANCE PLAN ("LHAP"), FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, ANY AND ALL DOCUMENTS, INCLUDING AMENDMENTS, RENEWALS, EXTENSIONS, AND MODIFICATIONS, AS MAY BE NECESSARY, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS. Background of Item: On July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act ("Sadowski Act") which provides for the allocation of a portion of new and existing documentary stamp taxes on deeds on real estate transactions to local governments for the development and maintenance of affordable housing. The Sadowski Act provided a dedicated revenue source for affordable housing and it has created the Florida State Housing Initiative Partnership ("SHIP") program. Pursuant to Resolution No. 19-0140, adopted April 11, 2019, the Miami City Commission approved the City of Miami's ("City") Local Housing Assistance Program for the period of July 1, 2019, through June 30, 2022, allowing the City's continued participation in the SHIP Program. On July 21, 2021, the City was notified by Florida Housing Finance Corporation a distribution of SHIP funds in the total amount of $2,088,211.00 for State Fiscal Year ("FY") 2021-2022. The City's Administration recommends the acceptance of SHIP funds, in the amount of $2,088,211.00 for Fiscal Year 2021-2022, for the strategies under the current SHIP LHAP. Budget Impact Analysis Item has NOT an Expenditure Item is NOT Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: $2,088,221.00 Special Revenue Account No: 14003.910101.434000 Reviewed B Department of Community and Economic Development George Mensah Department Head Review Completed 07/26/2021 4:47 PM Office of Management and Budget Luis Hernandez -Torres Budget Analyst Review Completed 07/27/2021 11:28 AM Office of Management and Budget Leon P Michel Budget Review Completed 07/27/2021 6:23 PM City Manager's Office Fernando Casamayor Assistant City Manager Review Completed 08/06/2021 11:51 AM Legislative Division Valentin J Alvarez Legislative Division Review Completed 08/09/2021 8:22 AM City Manager's Office Arthur Noriega V City Manager Review Completed 08/11/2021 10:57 AM Office of the City Attorney Richard Appleton ACA Review Completed 08/16/2021 3:19 PM Office of the City Attorney Barnaby L. Min Deputy City Attorney Review Completed 08/17/2021 8:20 AM Office of the City Attorney Victoria Mendez Approved Form and Correctness Completed 08/20/2021 11:36 AM City Commission Maricarmen Lopez Meeting Completed 09/13/2021 9:00 AM Office of the Mayor Mayor's Office Signed by the Mayor Completed 09/23/2021 4:25 PM Office of the City Clerk City Clerk's Office Signed and Attested by the City Clerk Completed 09/23/2021 4:35 PM Office of the City Clerk City Clerk's Office Rendered Completed 09/23/2021 4:35 PM City of Miami Legislation Resolution Enactment Number: R-21-0343 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 9442 Final Action Date:9/13/2021 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE ACCEPTANCE OF STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") FUNDS IN THE AMOUNT OF $2,088,221.00 FOR FISCAL YEAR 2021-2022 FOR THE STRATEGIES UNDER THE CURRENT SHIP 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, in July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act ("Sadowski Act") which allocates a portion of new and existing documentary stamp taxes, which were paid on the transfer of real estate, to local governments for the development and maintenance of affordable housing; and WHEREAS, the Sadowski Act provides a dedicated revenue source for affordable housing and has also created the Florida State Housing Initiative Partnership ("SHIP") Program; and WHEREAS, pursuant to Resolution No. R-19-0140 adopted April 11, 2019, the Miami City Commission approved the City of Miami's ("City") Local Housing Assistance Program ("LHAP") for the period of July 1, 2019 through June 30, 2022, allowing the City's continued participation in the SHIP Program; and WHEREAS, on July 21, 2021, the City was notified by the Florida Housing Finance Corporation of a distribution of SHIP funds in the total amount of $2,088,211.00 for State Fiscal Year ("FY") 2021-2022; and WHEREAS, the City's Administration recommends the acceptance of SHIP funds in the amount of $2,088,211.00 for FY 2021-2022 for the strategies under the current SHIP 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 SHIP funds in the total amount of $2,088,211.00 for FY 2021-2022 for the strategies under the current SHIP 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 8/20/2021 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.