HomeMy WebLinkAboutR-19-0498File Number: 6810
City of Miami
Legislation
Resolution: R-19-0498
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 12/12/2019
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING PROGRAM INCOME FROM HOME INVESTMENT
PARTNERSHIP ("HOME") PROGRAM FUNDS GENERATED FROM JULY 1,
2019 TO SEPTEMBER 30, 2019, IN THE AMOUNT OF $178,517.09, TO THE
CATEGORIES SPECIFIED IN EXHIBIT "A," ATTACHED AND
INCORPORATED; 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.
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 July 1, 2019 to September 30, 2019, the Department collected
$178,517.09 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 City of Miami's Administration recommends the allocation of the
program income generated from July 1, 2019 to September 30, 2019, in the total amount of
$178,517.09, 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 July 1, 2019 to
September 30, 2019, in the amount of $178,517.09, 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.
' 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.
City of Miami Page 1 of 2 File ID: 6810 (Revision:) Printed On: 12/30/2019
File ID: 6810
Enactment Number: R-19-0498
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
1
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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: 6810 (Revision:) Printed on: 1213012019