C7L - Reallocate Home, Ship Funds, Submit Revised Plans

A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Authorizing The City Manager To Perform The Following Actions: (1) To Recapture $220,000 Of Fy 20 Home Investment Partnership (home) Funds Previously Allocated To Tenant Based Rental Assistance, And To Reallocate Said Funds To The Home Ownership Assistance Program In Order To Ensure Compliance With Hud Expenditure Deadlines; (2) To Allocate The Fy 21 State Housing Initiatives Partnership (ship) Funds In The Amount Of $394,363, As Follows: (a) To The Neptune Apartments Rehabilitation Project In The Amount Of $200,000; (b) To The First Time Homebuyer Program And Homeowner Rehabilitation Program In The Amount Of $154,927; And (c) For Administrative Costs, In The Amount Of $39,436; And (3) To Submit The Revised Action Plans To U.s. Department Of Housing And Urban Development (hud); And Further Authorizing The City Manager And City Clerk To Execute Any Agreements Or Related Documents With Respect To The Foregoing, Including Agreements To Be Signed By Sub-recipients.