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HomeMy WebLinkAboutScrivener's Error MemoCITY OF MIAMI OFFICE OF THE CITY ATTORNEY MEMORANDUM TO: Todd B. Hannon, City Clerk FROM: George K. Wysong Ill, City Attorney s/George K. Wysong III DATE: May 2, 2024 RE: Resolution No. R-24-0068 — Home Investment Partnership File No. 15413 At its February 22, 2024 meeting, the City Commission adopted the above referenced agenda item, PH.2, ratifying, approving, and authorizing the allocation of Program Income from Home Investment Partnerships Program (`HOME") funds from October 1,2023 to December 31, 2023, in the amount of $10,067.67 and an additional amount of $61,650.00 of recaptured funds for a total amount of $71,717.67 for eligible HOME activities. The Legislation was inadvertently adopted with the incorrect date range in the title of the attachment, Exhibit "A." The Exhibit has been corrected and incremented to Revision "A." VM/RP/vja Enclosure(s) s I :5 Scx4J,QyLeis- 04(2,44-0 City of Miami Resolution R-24-0068 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 15413 Final Action Date: 2/22/2024 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), c ALLOCATING PROGRAM INCOME FROM HOME INVESTMENT 6:) PARTNERSHIPS PROGRAM ("HOME") FUNDS GENERATED FROM OCTOBER 1, 2023 TO DECEMBER 31, 2023, IN THE AMOUNT OF $10,067.67 AND AN ADDITIONAL AMOUNT OF $61,650.00 OF RECAPTURED FUNDS FOR A TOTAL AMOUNT OF $71,717.67, AS SPECIFIED IN EXHIBIT "A," ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ALL THE NECESSARY DOCUMENTS, INCLUDING AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO ALL FEDERAL, STATE AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS, FOR SAID PURPOSES. WHEREAS, the Department of Housing and Community Development ("Department") receives diverse types of repayments from loans provided to developers and homeowners, which are referred to as program income, and are required to be used for eligible program activities; and WHEREAS, from October 1, 2023, to December 31, 2023, the Department collected an amount of $10,067.67 in Home Investment Partnerships Program ("HOME") program income and an amount of $61,650.00 in recaptured funds for a total of $71,717.67 ("Funds"); and WHEREAS, pursuant to HOME regulations 24 CFR Part 92.503, program income and recapture amount 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 a form acceptable to the City Attorney, for the stated purpose. 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: 15413 (Revision:) Printed On: 5/17/2024 File ID: 15413 Enactment Number: R-24-0068 Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: na ttor 2/12/2024 . ria City of Miami Page 2 of 2 File ID: 15413 (Revision:) Printed on: 5/17/2024 City of Miami Legislation Resolution File Number: 15413 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ALLOCATING PROGRAM INCOME FROM HOME INVESTMENT PARTNERSHIPS PROGRAM ("HOME") FUNDS GENERATED FROM OCTOBER 1, 2023 TO i DECEMBER 31, 2023, IN THE AMOUNT OF $10,067.67 AND AN ADDITIONAL AMOUNT OF $61,650.00 OF RECAPTURED FUNDS FOR A TOTAL AMOUNT OF $71,717.67,AS SPECIFIED IN EXHIBIT "A," ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ALL -THE NECESSARY DOCUMENTS, INCLUDING AMENDMENTS, EXTENSIONS, AND: MODIFICATIONS, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, SUBJECT TO ALL FEDERAL, STATE AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS, FOR SAID PURPOSES. WHEREAS, the Department of Housing and Community Development ("Department") receives diverse types of repayments from loans provided to developers and homeowners, which are referred to as program income, and are required to be used for eligible program activities; and WHEREAS, from October 1, 2023, to December 31, 2023, the Department collected an amount of $10,067.67 in Home Investment Partnerships Program ("HOME") program income and an amount of $61,650.00 in recaptured funds for a total of $71,717.67 ("Funds"); and WHEREAS, pursuant to HOME regulations 24 CFR Part 92.503, program income and recapture amount 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 a form acceptable to the City Attorney, for the stated purpose. Section 4. This Resolution shall become effective immediately upon its adoption. 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. APPROVED AS TO FORM AND CORRECTNESS: