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HomeMy WebLinkAboutAgenda Item Summary FormJr AGENDA ITEM SUMMARY FORM F€ File ID: #2309 Date: 05/18/2017 Requesting Department: Department of Community and Economic Development Commission Meeting Date: 06/22/2017 District Impacted: All Type: Resolution Subject: Authorize HOME Funding - 2017 - 2018 Purpose of Item: AUTHORIZING THE ALLOCATION OF HOME INVESTMENT PARTNERSHIP PROGRAM ("HOME") FUNDS, IN THE PROJECTED AMOUNT OF $2,583,886, FOR HOUSING PROGRAMS, FOR PROGRAM YEAR 2017-2018, IN THE CATEGORIES AS SPECIFIED IN ATTACHMENT "A", ATTACHED AND INCORPORATED, FOR THE DEVELOPMENT OF AFFORDABLE HOUSING; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS FOR SAID PURPOSE(S). Background of Item: The U.S. Department of Housing and Urban Development ("HUD") has yet to release the final Community Planning and Development Program Formula Allocations for Program Year 2017, as such; the amount of HOME funds being recommended is a projection. The Administration recommends the allocation of HOME funds, in the projected amount of $2,583,886, for Program Year 2017-2018; in the categories as specified in Attachment "A", attached and incorporated, for the provision of decent and affordable housing to low income households. The funding allocation to such activities as specified in Attachment "A", may need to be adjusted once HUD confirms the final HOME formula allocation for Program Year 2017- 2018. Budget Impact Analysis Item is NOT Related to Revenue Item is NOT funded by Homeland Defense/Neighborhood Improvement Bonds Total Fiscal Impact: $2,583,886 Special Revenue Account No: TO BE DETERMINED Reviewed By Department of Community and Economic Development George Mensah Department Head Review Completed 05/22/2017 9:01 AM Office of Management and Budget Luis Hernandez -Torres Budget Analyst Review Completed 05/22/2017 9:51 AM Office of Management and Budget Christopher M Rose Budget Review Completed 05/23/2017 3:32 AM City Manager's Office Alberto N. Parjus Assistant City Manager Review Completed 05/23/2017 8:38 AM City Manager's Office Daniel J. Alfonso City Manager Review Completed 05/24/2017 10:36 AM Legislative Division Valentin J Alvarez Legislative Division Review Completed 05/31/2017 1:48 PM Office of the City Attorney Jihan Soliman ACA Review Completed 06/02/2017 7:21 PM Office of the City Attorney Valentin J Alvarez Deputy City Attorney Review Skipped 06/05/2017 9:35 AM Office of the City Attorney Victoria M6ndez Approved Form and Correctness Completed 06/12/2017 8:10 AM City Commission Maricarmen Lopez Meeting Completed 06/22/2017 9:00 AM Office of the Mayor Mayor's Office Signed by the Mayor Completed 06/26/2017 4:45 PM Office of the City Clerk City Clerk's Office Signed and Attested by the City Clerk Completed 06/26/2017 5:21 PM 4�CS O/: I! City of Miami ` City Hall * 9fi 11 IM&0Q:AT10 '® Legislation 3500 Pan American Drive Miami, FL 33133 Resolution www.miamigov.com Enactment Number: R-17-0295 File Number: 2309 Final Action Date:6/22/2017 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE ALLOCATION OF HOME INVESTMENT PARTNERSHIP PROGRAM FUNDS, IN THE PROJECTED AMOUNT OF $2,583,886.00, FOR HOUSING PROGRAMS, FOR PROGRAM YEAR 2017-2018, AS SPECIFIED IN ATTACHMENT "A," ATTACHED AND INCORPORATED, FOR THE DEVELOPMENT OF AFFORDABLE HOUSING; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO IMPLEMENT THE ALLOCATIONS. WHEREAS, the United States Department of Housing and Urban Development ("HUD") has yet to release the final Community Planning and Development Program Formula Allocations for Program Year 2017-2018, as such, the amount of Home Investment Partnership ("HIP") funds being recommended is a projection; and WHEREAS, HUD recommends the allocation of HIP funds, in the projected amount of $2,583,886.00, for Program Year 2017-2018, as specified in Attachment "A," attached and incorporated, for the provision of decent and affordable housing to low income households; and WHEREAS, the funding allocation to such activities as specified in Attachment "A," attached and incorporated, may need to be adjusted proportionally once HUD confirms the final HIP formula allocation for Program Year 2017-2018; 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 HIP funds in the projected amount of $2,583,886.00, for Program Year 2017-2018, as specified in Attachment "A," attached and incorporated, for the provision of decent and affordable housing to low income households, is authorized. Section 3. These allocations will be adjusted in direct proportion to the actual allocation of HIP funds provided by HUD for Program Year 2017-2018. Section 4. The City Manager is authorized' to execute any and all necessary documents, in a form acceptable to the City Attorney, to implement acceptance of said funds. Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 ' 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 City 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. APPROVED AS TO FORM AND CORRECTNESS: ria ndez, ity ttor ey 6112/2017