C7K - Allocate Ship Funds for Homebuyer and Rehab Pro...

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE CITY MANAGER TO ALLOCATE FY 2024/2025 STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) FUNDS, IN THE AMOUNT OF $403,374, AS FOLLOWS: (1) TO THE FIRST TIME HOMEBUYER PROGRAM AND HOMEOWNER REHABILITATION PROGRAM IN THE AMOUNT OF $363,036.60; AND (2) TO THE SHIP PROGRAM ADMINISTRATIVE COSTS IN THE AMOUNT OF $40,337.40; AND FURTHER AUTHORIZING THE CITY MANAGER AND CITY CLERK TO EXECUTE CITY INTERDEPARTMENTAL AGREEMENTS AND OTHER AGREEMENTS TO BE SIGNED BY SUB-RECIPIENTS.