HomeMy WebLinkAboutR-22-0138City of Miami
Resolution R-22-0138
Legislation
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
$106,028.49 in Home Investment Partnerships Program ("HOME") program income and an
amount of $888,496.63 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 eligible 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
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: 11421 (Revision: A) Printed On: 6/10/2025
File ID: 11421 Enactment Number: R-22-0138
APPROVED AS TO FORM AND CORRECTNESS:
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5/22/2022
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: 6/10/2025