Miami-Dade Legislative Item
File Number: 122319
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File Number: 122319 File Type: Ordinance Status: Before the Board
Version: 0 Reference: Control: Board of County Commissioners
File Name: HOUSING LOANS REFINANCE Introduced: 11/19/2012
Requester: NONE Cost: Final Action:
Agenda Date: 2/5/2013 Agenda Item Number: 7E
Notes: SEE 130287 FOR FINAL VERSION AS ADOPTED. Title: ORDINANCE RELATING TO THE REFINANCING OF AFFORDABLE HOUSING LOANS MADE TO DEVELOPERS; PROVIDING FOR REFINANCING AND CONVERSION OF LOAN FUNDS TO OTHER AFFORDABLE HOUSING PROJECTS OF THE DEVELOPER UNDER CERTAIN CIRCUMSTANCES; PROVIDING SEVERABILITY, INCLUSION IN THE CODE, AND AN EFFECTIVE DATE
Indexes: HOUSING
Sponsors: Dennis C. Moss, Prime Sponsor
  Lynda Bell, Co-Sponsor
  Audrey M. Edmonson, Co-Sponsor
  Barbara J. Jordan, Co-Sponsor
Sunset Provision: No Effective Date: Expiration Date:
Registered Lobbyist: None Listed


Legislative History

Acting Body Date Agenda Item Action Sent To Due Date Returned Pass/Fail

Board of County Commissioners 2/5/2013 7E Amended
REPORT: SEE LEGISLATIVE FILE NO. 130287 FOR AMENDED VERSION.

Economic Development & Social Services Committee 1/16/2013 1E1 Forwarded to BCC with a favorable recommendation P
REPORT: Assistant County Attorney Terrence Smith read the foregoing ordinance into the record. Chairwoman Edmonson opened the public hearing, seeing no one wishing to be heard, the public hearing was closed. Hearing no comments or questions the committee proceeded to vote.

Board of County Commissioners 12/4/2012 Tentatively scheduled for a public hearing Economic Development & Social Services Committee 1/16/2013

Board of County Commissioners 12/4/2012 4D Adopted on first reading 1/16/2013 P
REPORT: The foregoing proposed ordinance was adopted on first reading and set for public hearing before the Economic Development and Social Services Committee on Wednesday, January 16, 2013 at 9:30 a.m.

County Attorney 11/19/2012 Referred Economic Development & Social Services Committee 1/16/2013

County Attorney 11/19/2012 Assigned Shannon D. Summerset

Legislative Text


TITLE
ORDINANCE RELATING TO THE REFINANCING OF AFFORDABLE HOUSING LOANS MADE TO DEVELOPERS; PROVIDING FOR REFINANCING AND CONVERSION OF LOAN FUNDS TO OTHER AFFORDABLE HOUSING PROJECTS OF THE DEVELOPER UNDER CERTAIN CIRCUMSTANCES; PROVIDING SEVERABILITY, INCLUSION IN THE CODE, AND AN EFFECTIVE DATE

BODY
BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA:
Section 1. Any developer or other entity that has received a loan from Miami-Dade County for the provision of affordable housing and repays such loan in full before the date on which the loan is due in full, may without the need for further application to the County, have the repaid funds loaned to it, or a related entity, for additional eligible affordable housing projects.
Section 2. Notwithstanding any other provision of the Code of Miami-Dade County or of any ordinance, no competitive process shall be required for the loan of funds made pursuant to Section 1 above.
Section 3. If any section, subsection, sentence, clause or provision of this ordinance is held invalid, the remainder of this ordinance shall not be affected by such invalidity.
Section 4. It is the intention of the Board of County Commissioners, and it is hereby ordained that the provisions of this ordinance, including any sunset provision, shall become and be made a part of the Code of Miami-Dade County, Florida. The sections of this ordinance may be renumbered or relettered to accomplish such intention, and the word "ordinance" may be changed to "section," "article," or other appropriate word.
Section 5. This ordinance shall become effective ten (10) days after the date of enactment unless vetoed by the Mayor, and if vetoed, shall become effective only upon an override by this Board.





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