C7F - Approving and Authorizing the City Manager

A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING THE CITY MANAGER TO: 1) RECAPTURE $153,172.00 OF UNEXPENDED FY 23-24 SHIP FUNDS, PREVIOUSLY ALLOCATED TO THE HOUSING AUTHORITY OF THE CITY OF MIAMI BEACH (HACMB) FOR THE REHABILITATION OF THE LOIS APARTMENTS AND REALLOCATING SAID SHIP FUNDS TO ANOTHER ELIGIBLE HOMEOWNER ACTIVITY PURSUANT TO THE FY 22-25 LOCAL HOUSING ASSISTANCE PLAN (LHAP); 2) RECAPTURE $300,000.00 IN UNEXPENDED FY 20 HOME FUNDS PREVIOUSLY ALLOCATED TO THE HACMB FOR THE REHABILITATION PROJECT LOCATED AT 841 80TH STREET AND REALLOCATE THE USE OF SAID FUNDS FOR THE ACQUISITION OF A PROPERTY; 3) REALLOCATE $127,234.03 IN PREVIOUSLY RECAPTURED HOME FUNDS FROM VARIOUS YEARS AND REALLOCATE THE USE OF SAID FUNDS FOR THE ACQUISITION OF A PROPERTY; AND 4) REALLOCATE $6,148.84 IN UNENCUMBERED HOME FUNDS FOR THE ACQUISITION OF A PROPERTY; AND FURTHER, AUTHORIZING THE CITY MANAGER TO SUBMIT THE NECESSARY DOCUMENTATION TO THE FLORIDA HOUSING FINANCE CORPORATION AND THE REVISED ACTION PLAN TO THE US HOUSING AND URBAN DEVELOPMENT FOR REVIEW AND APPROVAL.