HomeMy WebLinkAboutLegislation SUBCity of Miami
Resolution R-22-0138
Legislation
THIS DOCUMENT IS A SUBSTITUTION
TO ORIGINAL. BACKUP ORIGINAL CAN
BE SEEN AT END OF THIS DOCUMENT.
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 11421
Final Action Date; 4/14/2022
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING PROGRAM INCOME FROM HOME INVESTMENT
PARTNERSHIPS PROGRAM FUNDS GENERATED FROM FEBRUARY 1,
2021 TO OCTOBER 31, 2021 IN THE AMOUNT OF $106,028.49 AND AN
ADDITIONAL AMOUNT OF $888,496.63 OF RECAPTURED FUNDS, FOR A
TOTAL AMOUNT OF $994,525,12, AS SPECIFIED IN EXHIBIT "A," ATTACHED
AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO NEGOTIATE
AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN FORMS
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 February 1, 2021 to October 31, 2021, the Department collected
$105,028,49 in Home investment Partnerships Program ("HOME') program income and an
amount of $888,495.63 in recaptured funds for a total of $994,525.12 ("Funds"); and
WHEREAS, pursuant to HOME regulation 24 CFR Part 92.503, program income and:
recaptured funds must be used for eligible HOME activities; and
WHEREAS, the Department recommends allocating the Funds to the eligibly HOME'
activities specified 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 allocation of the Funds to the eligible HOME activities specified in Exhibit
"A," attached and incorporated, is authorized.'
Section 3. The City Manager is authorized' to negotiate and execute any and all
necessary documents, all in forms 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
" 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.
Cify of Miami
Pay e 1 of 2 Pile ID' 11421 (Revision: A) Printed On: 5/25/2022
11421 - Legislation SUB
THIS DOCUMENT IS A SUBSTITUTION
TO ORIGINAL. BACKUP ORIGINAL CAN
BE SEEN AT END OF THIS DOCUMENT.
File ID: 11421
APPROVED AS TO FORM AND CORRECTNESS:
Enactment Number: R-22-0138
'I
U!
I
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: 11421 (Revision: A) Printed on: 5125/2022
SUBSTITUTED
City of Miami
Resolution R-22-0138
Legislation
Cry Hall
3500 Pan American Drive
Miami, FL 33133
www.miam gov.con-m
File Number: 11421
Final Action Date: 4114 022
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACH
ALLOCATING PROGRAM INCOME FROM HOME INVESTMENT
PARTNERSHIPS PROGRAM FUNDS GENERATED FROM FEBRU
2021 TO OCTOBER 31, 2021 IN THE AMOUNT OF $106,028.49
ADDITIONAL AMOUNT OF $888,496.63 OF RECAPTURED FU
TOTAL AMOUNT OF $994,525,12, AS SPECIFIED IN EXHIBI
AND INCORPORATED; AUTHORIZING THE CITY MANAG
AND EXECUTE ANY AND ALL NECESSARY DOCUMEN
ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID P
NT(S),
RY 1,
DAN
DS, FOR A
"A," ATTACHED
R TO NEGOTIATE
S, ALL IN FORMS
RPOSE.
WHEREAS, the Department of Housing and Communit development ("Department")
receives various types of repayments from loans provided to
are required to be used for eligible program activities; and
evelopers and homeowners that
WHEREAS, from February 1, 2021 to October 2021, the Department collected
$106,028.49 in Home Investment Partnerships Progr m ("HOME") program income and an
amount of $888,496.63 in recaptured funds for a to .I of $994,525.12 ("Funds"); and'
WHEREAS, pursuant to HOME regulatifn 24 CFR Part 92,503, program income anc;i
recaptured funds must be used for eligible H ► E activities; and
WHEREAS, the Department reco mends allocating the Funds to the eligible iLL-IQME
activities specified in Exhibit "A," attac d and incorporated;
CJI
NOW, THEREFORE, BE IT ESOLVED SY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recite and findings contained in the Preamble to this Resolution are
adopted by reference and corporated as if fully set forth in this Section.
Section 2. The
llocation of the Funds to the eligible HOME activities specified in Exhibit
"A," attached and incorporated, is authorized.'
Section 3 The City Manager is authorized' to negotiate and execute any and all
necessary doc meats, all in forms acceptable to the City Attorney, for said purpose.
Se ion 4. This Resolution shall become effective immediately upon its adoption.
e herein authorization is further subject to compliance with all legal requirements that may be
posed, including but not limited to those prescribed by applicable City Charter and City Code
provisions.
City of Miarni Page 1 of 2 Hie ID: 11421 (Revision:) Printed On: 4/20/2022
SUBSTITUTED
File ID: 11421
Enactment Number: R-22-0138
APPROVED AS TO FORM AND CORRECTNESS:
•
City of Miami
Page 2 of 2 File 1D: 11421 (Revision: ) Printed on: 4/2012022