C7H - A Resolution Of The Mayor And City Commission Of The City Of miami Beach, Florida, Approving And/or Authorizing The City manager To Take The Following Actions: (1) Recapture $58,433.78 Of Home Investment Partnership (home) Funds, previously Allocated To The Lottie Apartments Rehabilitation project; (2) Recapture $13,441.58 Of Home Funds, Previously allocated To The Corals Apartments Rehabilitation Project: (3) Recapture $29,395.70 Of Community Development Block Grant (cdbg) Funds, Previously Allocated To The Neptune apartments Rehabilitation Project; (4) Recapture $10,700.20 Of cdbg Funds, Previously Allocated To The Corals Apartments rehabilitation Project; (5) Recapture $9,598.19 Of Cdbg Funds, previously Allocated To Public Services; And (6) Reallocate said Funds To The Acquisition Of A Multi-family Property To Be used As Affordable Housing Within The City; (7) Transmit To U.s. department Of Housing And Urban Development (“hud”) A substantial Amendment To The Hud Fy 2023 Action Plan; Said amendment Reflecting The Allocation Of The Reallocated funds; (8) Identify A Multifamily Property Within The City Of miami Beach Boundaries For Use As Affordable Housing; And (9) negotiate And Execute A Purchase Agreement And Other purchase Contract Documents For The Property, For A Total sum Not To Exceed $1,662,415.00 (inclusive Of Closing Costs), To be Funded From Community Development Block Grant (cdbg) and Home Investment Partnership (home) Funds, Provided That said Purchase Agreement Is Contingent Upon Approval By The city Commission.