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HomeMy WebLinkAboutCity of Tamarac Resolution R-98-226Temp. Reso. # 8341 V July 7, 1998 Page 1 Revised 7/13/98 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-98- a2,24 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA, ACCEPTING THE STATE OF FLORIDA HOUSING FINANCE CORPORATION, STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM GRANT OF $309,914 AND DEPOSITING SAID FUNDS INTO THE AFFORDABLE ASSISTANCE TRUST FUND AS DESCRIBED IN ORDINANCE NUMBER 0-98-7, APPROVED FEBRUARY 25, 1998; ESTABLISHING THE GRANTS FUND BUDGET OF ESTIMATED REVENUES AND EXPENDITURES IN THE AMOUNT OF $309,914; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City Commission of the City of Tamarac approved on February 25, 1998, Ordinance Number 0-98-7, implementing the State Housing Initiatives Partnership Program to provide the community with a housing assistance program; and WHEREAS, the acceptance of these funds requires the establishment of the Affordable Housing Assistance Trust Fund; and WHEREAS, it is the recommendation of the City Manager, Director of Community Development to accept the $309,914 from the State Housing Initiatives Partnership Program; and Lr Temp. Reso. # 8341 July 7, 1998 Page 3 Revised 7/13/98 SECTION 5: If any clause, section, other part or application of this Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it shall not affect the validity of the remaining portions or applications of this Resolution. SECTION 6: This Resolution shall become effective immediately upon its passage and adoption. PASSED, ADOPTED AND APPROVED this c2-2 day of "'k/ 21998. ATTEST: CAROL GOLD, C/AAE CITY CLERK I HEREBY CERTIFY that I have Approvedrthis RESOLUTION as to form. RECORD OF COMMISSION VOTE MAYOR SCHREIBER DIST 1: COmm. MCKAYE DIST 2: V/M MISHKIN DIST 3: COMM. SULTANOF DIST 4: COMM. ROBERTS Temp. Reso. # 8341 July 7, 1998 Page 2 Revised 7/13/98 WHEREAS, the City Commission of the City of Tamarac, Florida deems it to be in the best interest of the citizens and residents of the City of Tamarac to accept the State of Florida Housing Finance Corporation, State Housing Initiatives Partnership Program grant in the amount of $309,914 for assisting the community in their housing needs. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA: SECTION 1: The foregoing "WHEREAS" clauses are hereby ratified and confirmed as being true and correct and are hereby made a specific part of this Resolution. SECTION 2: The City Commission accepts the grant in the amount of $309,914 from the State Housing Initiative Partnership Program and shall establish an Affordable Housing Assistance Trust Fund, where said monies are to be deposited in accordance with the Public Notice advertised in the Sun - Sentinel on Thursday, June 18, 1998 (attached hereto as Exhibit 1). SECTION 3: The City Commission authorizes the appropriate City Officials to amend the Affordable Housing Assistance Trust Fund budget in the amount of $309,914 and appropriate said funds including any and all subsequent budgetary transfers to be in accordance with proper accounting standards. SECTION 4: All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict.