HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #17527
Date: 04/21/2025
Commission Meeting Date: 06/17/2025
Requesting Department: Department of
Housing and Community Development
Sponsored By:
District Impacted: All
Type: Resolution
Subject: Allocate - HOME Program Income/Recaptured Funds - Jan - March 2025
Purpose of Item:
ALLOCATING PROGRAM INCOME FROM HOME INVESTMENT PARTNERSHIPS
("HOME") FUNDS GENERATED FROM JANUARY 1, 2025 TO MARCH 31, 2025, IN
THE AMOUNT OF $13,788.21 AND AN ADDITIONAL AMOUNT OF $113,368.66 OF
RECAPTURED FUNDS FOR A TOTAL AMOUNT OF $127,156.87, 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.
Background of Item:
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.
From January 31, 2025, to March 31, 2025, the Department collected an amount of
$13,788.21 in Home Investment Partnerships Program ("HOME") program income and
an amount of $113,368.66
in recaptured funds for a total of $127,156.87 ("Funds").
Pursuant to HOME regulations 24 CFR Part 92.503, program income and recapture
amount must be used for eligible HOME activities.
The Department recommends allocating the Funds to the eligible HOME activities
specified in Exhibit "A," attached and incorporated.
Budget Impact Analysis
Item is NOT Related to Revenue
Item has NOT an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
Total Fiscal Impact: $127,156.87
Department of Housing and Community Development
Review Completed
Office of Management and Budget
Office of Management and Budget
City Manager's Office
City Manager's Office
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
City Commission
City Commission
Office of the City Clerk
Reviewed B
04/21/2025 4:22 PM
Luis Hernandez -Torres
Marie Gouin
Larry M. Spring
Natasha Colebrook -Williams
Arthur Noriega V
Valentin J Alvarez
Raymond Pereira
George K. Wysong III
Todd B. Hannon
Nicole Ewan
Maricarmen Lopez
City Clerk's Office
Victor Turner
Budget Analyst Review
Budget Review
Assistant City Manager Review
Deputy City Manager Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Meeting
Meeting
Rendered
Department Head
Completed 04/22/2025 6:41 AM
Completed 04/22/2025 11:49 AM
Completed 04/22/2025 12:07 PM
Completed 04/22/2025 2:12 PM
Completed 04/23/2025 10:24 AM
Completed 04/23/2025 12:55 PM
Completed 05/08/2025 3:25 PM
Completed 05/08/2025 3:37 PM
Completed 05/22/2025 9:00 AM
Completed 06/12/2025 9:00 AM
Completed 06/17/2025 9:00 AM
Completed 06/20/2025 6:55 PM
City of Miami
Legislation
Resolution
Enactment Number: R-25-0194
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 17527 Final Action Date:6/17/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING PROGRAM INCOME FROM HOME INVESTMENT PARTNERSHIPS
PROGRAM ("HOME") FUNDS GENERATED FROM JANUARY 1, 2025 TO MARCH
31, 2025, IN THE AMOUNT OF $13,788.21 AND AN ADDITIONAL AMOUNT OF
$113,368.66 OF RECAPTURED FUNDS FOR A TOTAL AMOUNT OF $127,156.87 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 PURPOSE.
WHEREAS, the Department of Housing and Community Development ("HCD") 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 January 1, 2025, to March 31, 2025, HCD collected an amount of
$13,788.21 in Home Investment Partnerships Program ("HOME") program income and an
amount of $113,368.66 in recaptured funds for a total of $127,156.87 ("Funds"); and
WHEREAS, pursuant to HOME regulations 24 CFR Part 92.503, program income and
recapture amounts must be used for eligible HOME activities; and
WHEREAS, HCD 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, subject to all federal, state
and local laws that regulate the use of such funds, for said purpose.
The herein authorization is further subject to compliance with all requirements that may be
imposed by the City Attorney, including but not limited to those prescribed by applicable City
Charter and Code provisions.
Section 4. This Resolution shall become effective immediately upon its adoption2.
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy y ng III, C y tor -y 5/8/2025
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.