HomeMy WebLinkAboutR-25-0194City of Miami
Resolution R-25-0194
Legislation
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
City of Miami Page 1 of 2 File ID: 17527 (Revision:) Printed On: 8/25/2025
File ID: 17527 Enactment Number: R-25-0194
Section 4. This Resolution shall become effective immediately upon its adoption2.
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy j ng III, C y ttor -y 5/8/2025
Charter and Code provisions.
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: 17527 (Revision:) Printed on: 8/25/2025