HomeMy WebLinkAboutR-25-0081City of Miami
Resolution R-25-0081
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 17188 Final Action Date: 3/13/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING PROGRAM INCOME FROM HOME INVESTMENT
PARTNERSHIPS ("HOME") FUNDS GENERATED FROM OCTOBER 1, 2024
TO DECEMBER 31, 2024, IN THE AMOUNT OF $217,684.93 AND AN
ADDITIONAL AMOUNT OF $265,182.50 OF RECAPTURED FUNDS FOR A
TOTAL AMOUNT OF $482,867.43, 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.
SPONSOR(S): City Commission
WHEREAS, the Department of Housing and Community Development ("Department")
receives diverse types of repayments from loans provided to developers and homeowners
which are required to be used for eligible program activities; and
WHEREAS, from October 1, 2024 to December 31, 2024, the Department collected an
amount of $217,684.93 in Home Investment Partnerships Program ("HOME") program income
and an amount of $265,182.50 in recaptured funds for a total of $482,867.43 ("Funds"); and
WHEREAS, pursuant to HOME regulations 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.'
City of Miami Page 1 of 2 File ID: 17188 (Revision:) Printed On: 8/19/2025
File ID: 17188 Enactment Number: R-25-0081
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, 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.
APPROVED AS TO FORM AND CORRECTNESS:
ge Wyy ng III, C y ttor -y 2/28/2025
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 2 of 2 File ID: 17188 (Revision:) Printed on: 8/19/2025