HomeMy WebLinkAboutR-16-0428Vop City of Miami
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Resolution: R-16-0428
File Number: 16-01064
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 9/8/2016
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE
ACCEPTANCE OF STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") FUNDS
IN AN AMOUNT NO LESS THAN $1,758,650.00, FOR FISCAL YEAR 2016-2017,
FOR THE STRATEGIES UNDER THE CURRENT SHIP LOCAL HOUSING
ASSISTANCE PLAN; AUTHORIZING THE CITY MANAGER TO EXECUTE THE
NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY,
FOR SAID PURPOSE.
WHEREAS, in July 1992, the State of Florida enacted the William E. Sadowski Affordable
Housing Act ("Sadowski Act") which provides for a portion of new and existing documentary stamp
taxes on deeds on real estate transactions to be allocated to local governments for the development
and maintenance of affordable housing; and
WHEREAS, the Sadowski Act provided a dedicated revenue source for affordable housing
and created the Florida State Housing Initiatives Partnership ("SHIP") Program; and
WHEREAS, pursuant to Resolution No. 16-0160, adopted April 14, 2016, the Miami City
Commission approved amending the City of Miami ("City") Local Housing Assistance Plan ("LHAP")
for the period of July 1, 2016 through June 30, 2019, allowing for the City's continued participation in
the Florida SHIP Program; and
WHEREAS, on March 28, 2016, the City was notified by Florida Housing Finance Corporation
of an allocation of SHIP funds in the estimated total amount of $1,758,650.00, for Fiscal Year
2016-2017; and
WHEREAS, the City administration recommends the acceptance of SHIP funds, in an amount
no less than $1,758,650.00 for Fiscal Year 2016-2017, for the strategies under the current SHIP
LHAP;
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 acceptance of SHIP funds, in an amount no less than $1,758,650.00 for Fiscal
Year 2016-2017, for the strategies under the current SHIP LHAP, is authorized.
Section 3. The City Manager is authorized {1} to execute the necessary documents to
implement acceptance of said funds.
Section 4. This Resolution shall become effective immediately upon its adoption and
City of Miand Page 1 of 2 File Id. 16-01064 (Version: 1) Printed On: 5/24/2018
File Number: 16-01064
signature of the Mayor. {2}
Footnotes:
Enactment Number: R-16-0428
{1} 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.
{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. 16-01064 (Version: 1) Printed On: 5/24/2018