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HomeMy WebLinkAboutR-19-0140City of Miami 1 i.RR cl Legislation alldl 1lm Resolution: R-19-0140 File Number: 5561 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 4/11/2019 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING THE CITY OF MIAMI'S ("CITY") LOCAL HOUSING ASSISTANCE PLAN ("LHAP"), ATTACHED AND INCORPORATED AS EXHIBIT "A," FOR THE PERIOD OF JULY 1, 2019 THROUGH JUNE 30, 2022, FOR THE CONTINUED PARTICIPATION OF THE CITY IN THE FLORIDA STATE HOUSING INITIATIVES PARTNERSHIP ("SHIP") PROGRAM; AUTHORIZING THE CITY MANAGER TO SUBMIT THE LHAP FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO IMPLEMENT THE TERMS AND CONDITIONS OF THE LHAP AND THE SHIP PROGRAM. WHEREAS, in July 1992, the State of Florida enacted the William E. Sadowski Affordable Housing Act ("Sadowski Act"), which provides for the allocation of a portion of new and existing documentary stamp taxes on deeds on real estate transactions 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 State Housing Initiative Partnership ("SHIP") Program; and WHEREAS, pursuant to Section 420.9072(2)(a), Florida Statutes, a county or eligible municipality must submit to the Florida Housing Finance Corporation (THFC") its Local Housing Assistance Plan ("LHAP"), describing the local housing assistance strategies to be eligible to receive funds under the program; and WHEREAS, the City of Miami's ("City") current LHAP will expire on June 30, 2019, and a new LHAP is required for the continued participation in the SHIP program; and WHEREAS, the City's Administration recommends approving the City's LHAP, attached and incorporated as Exhibit "A," for the period of July 1, 2019 through June 30, 2022; 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 City's LHAP, attached and incorporated as Exhibit "A," for the period of July 1, 2019 through June 30, 2022, for the continued participation of the City in the SHIP Program is approved. City of Miami Page 1 of 2 File ID: 5561 (Revision:) Printed On: 4/23/2019 File ID: 5561 Enactment Number: R-19-0140 Section 3. The City Manager is authorized' to submit the LHAP to the FHFC for review and approval and to negotiate and execute any and all necessary documents, all in a form acceptable to the City Attorney, to implement the terms and conditions of the LHAP and the SHIP program. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: Un ndez, City Attor iey 3/28/2019 ' 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. City of Miami Page 2 of 2 File ID: 5561 (Revision:) Printed on: 4/23/2019