HomeMy WebLinkAboutAgenda Item Summary Form�1TY OF "V
AGENDA ITEM SUMMARY FORM
* """ of File ID: #6324
L O R 19
' tq
Date: 08/08/2019 Requesting Department: Department of
Housing and Community Development
Commission Meeting Date: 09/12/2019 Sponsored By:
District Impacted: All
Type: Resolution
Subject: Allocate Funds - Home Investment Partnership
Purpose of Item:
AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM HOME
INVESTMENT PARTNERSHIP ("HOME") PROGRAM FUNDS GENERATED FROM
FEBRUARY 1, 2019 TO JUNE 30, 2019 IN THE AMOUNT OF $325,480.82 TO THE
CATEGORIES SPECIFIED IN ATTACHMENT "A", ATTACHED AND
INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND
ALL THE NECESSARY DOCUMENT TO COMPLETE THE TRANSCATION FOR THE
SPECIFIEC AMOUNTS, FOR SAID PURPOSE(S).
Background of Item:
The Department of Housing and Community Development ("Department") receives
various types of repayments from loans provided to developers and homeowners,
referred to as program income that are required to be used for eligible program
activities.
From February, 2019 to June 30, 2019, the Department collected $325,480.82 in Home
Investment Partnership ("HOME") program income.
Pursuant to HOME regulations 24 CFR Part 92.503, program income must be used for
eligible HOME activities.
The City Administration recommends the allocation of the program income generated
February 1, 2019 to June 30, 2019 in the total amount of $325,480.82 to the activities
specified in Attachment "A" attached and incorporated, which are eligible HOME
activities.
Budget Impact Analysis
Item has NO budget impact
Item is NOT Related to Revenue
Item is NOT funded by Bonds
Total Fiscal Impact:
$325,480.82
Special Revenue Account No: TO BE DETERMINED
Reviewed By
Department of Community and Economic Development
Review Completed
08/08/2019 1:54 PM
Office of Management and Budget
Luis Hernandez -Torres
Office of Management and Budget
Christopher M Rose
City Manager's Office
Sandra Bridgeman
Legislative Division
Valentin J Alvarez
City Manager's Office
Nikolas Pascual
Office of the City Attorney
Richard Appleton
Office of the City Attorney
Barnaby L. Min
Office of the City Attorney
Victoria M6ndez
City Commission
Maricarmen Lopez
Office of the Mayor
Mayor's Office
Office of the City Clerk
City Clerk's Office
Office of the City Clerk
City Clerk's Office
George Mensah
Department Head
Budget Analyst Review
Completed
Budget Review
Completed
Assistant City Manager Review
Completed
Legislative Division Review
Completed
City Manager Review
Completed
ACA Review
Completed
Deputy City Attorney Review
Completed
Approved Form and Correctness
Completed
Meeting
Completed
Unsigned by the Mayor
Completed
Signed and Attested by the City Clerk
Completed
Rendered
Completed
08/12/2019 12:55 PM
08/22/2019 6:37 AM
08/22/2019 11:46 PM
08/23/2019 9:05 AM
08/23/2019 10:21 AM
08/23/2019 5:10 PM
08/26/2019 1:45 PM
08/30/2019 4:03 PM
09/12/2019 9:00 AM
09/20/2019 3:55 PM
09/20/2019 4:27 PM
09/20/2019 4:27 PM
File Number: 6324
City of Miami
Legislation
Resolution
Enactment Number: R-19-0348
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date:9/12/2019
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE ALLOCATION OF PROGRAM INCOME FROM HOME
INVESTMENT PARTNERSHIP ("HOME") PROGRAM FUNDS GENERATED FROM
FEBRUARY 1, 2019 TO JUNE 30, 2019 IN THE AMOUNT OF $325,480.82 TO THE
CATEGORIES SPECIFIED IN EXHIBIT "A," ATTACHED AND INCORPORATED;
FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE
ANY AND ALL NECESSARY DOCUMENTS, ALL IN A FORM ACCEPTABLE TO THE
CITY ATTORNEY, FOR SAID PURPOSE(S).
WHEREAS, the Department of Housing and Community Development ("Department")
receives various types of repayments from loans provided to developers and homeowners,
referred to as program income, that are required to be used for eligible program activities; and
WHEREAS, from February 1, 2019 to June 30, 2019, the Department collected
$325,480.82 in Home Investment Partnership ("HOME") program income; and
WHEREAS, pursuant to HOME regulation 24 CFR Part 92.503, program income must
be used for eligible HOME activities; and
WHEREAS, the Department recommends the allocation of the program income
generated February 1, 2019 to June 30, 2019 in the total amount of $325,480.82 to the activities
specified in Exhibit "A," attached and incorporated, which are eligible HOME activities;
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 HOME program income generated from February 1, 2019 to
June 30, 2019 in the amount of $325,480.82 to the categories 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, for said purpose(s).
Section 4. 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 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:
1
i ria i �-ndez, City Httor iey 8/30/2019