LTC 300-2008 City of North Miami Beach, Florida - Resolution Encouraging1v11AMlBEACH 2°°$"°~~`0 ~~I°.3z
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OFFICE OF THE CITY MANAGER
NO.LTC# 300-2008 LETTER TO COMMISSION
TO: Mayor Matti Herrera Bower and Members of the City Commission
FROM: Jorge M. Gonzalez, City ManageC
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DATE: November 18, 2008 j/ ~ ~ i
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SUBJECT: City of North Miami Beach, Florida -Resolution Encouraging The Eleventh
Judicial Circuit Court of Miami-Dade County, Florida, To Establish A
Residential Mortgage Foreclosure Diversion Pllot Program.
Attached for your perusal is a copy of the City of North Miami Beach, Florida Resolution No.
R-2008-50.
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Attachment
C:IDocuments and SetGngslcmgnvalplLOCaI SettingslTemporary Internet
F iles10LK2391cityofnorthm is mibeach resolution 2008-50 LTC. doc
RRSOLL'IlON NO. R200R-50
A RESOLUTION ON TILE DIAYOH .4Nll CITY' C'Oh\CIL
OF THE CITN OF NORTH M[AMi BEACH, FLORIDA, o
JLIIMNG OI:R SIS7'F,R CITY OF NURTH MIAH•II IN _' ~
ENCOLRIAGL`G THE ELEV~-TR .1l1llICiAL CIRCUIT
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COURT OF AiIA.ViT-DADE COUNTY, FLORIDA, TU
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GSTA$LISH A RESinENT1AL MORTGAGE
FORECLOSURF. UIVERSN)N PILOT PROGRAM; ~ 'rl
ENCOCRAGTNG ALL biLNICIPALT'1'tES IN MIAi1fI-llADI•: ~ r~
CO(.TITY TU ADOPT SIhIILAR KCSOLUTIONti; AND ~ t~
DIRECTING 'f1iE CITY CLERK TO TAKI: :1I,L i'
Nt:CESSARY AC'1'K)N 'fU TI2ANS~Lff' TIHS -'
RF,SOI.UTION TO TIIE CHIEF JUDGE OF THE ~
ELEVENTFt JiTDICIAi. CII2CU11' COURT: PR04'IUING
AN EFFECTIVE DATE AND FOR ALI. OTHb;R
PURPOSES.
R'HEREAS, due to [he current economic crisis the nt:ntber of f<xrclostres in thz State of
Florida has risen amd Florida now has the second '.arEest munber of ferecloattrt~ in the natimt;
and
VVHERF.AS, an enormous number of T,4iami-Dade residents arc facing fon:closure of
their homestead properly; and
VI~REAS, the Cit}• of Philadelphia has it;stitu[ed a rzsidcntial mongagz fereclosu~r
diversion pilot progntnt designed to assist both owner-occupied and non•owTer ocecpied
properlit~ ctutcntly facing foreclostae; znd
WHERE-4S, the P~ilac{elpVda program l:as been able to save approximately z:pJtty
percent (80°l0) otthe properties from funkier foreclosure; ar:d
R'HEREAS, the number of residents of the City of T1oCh Miami Beach facing
forcc`ostrte is disturbing and the City sherds take vfutcver legislative action possible to assist its
residenet in retaining their pruperq• ownerships, and
WHb;12EAS, the tesideutial mortgage fcreclosa~: diversion pilct program oYfzrs
hotceowners an opportunity for further concihation con£cranc~ prior to fecal foreclosure; az:C
R'HEREAS, the Mayor and City Council wish to join otu sister CiTy of Nunh Miami
and strongly recommend that the F7eventh ;udicial Circuit Gxtri roview the program in the Fin:
Judicial District of Philadelphia and establish a simibrr program for the residents and pmperR•
owmen in Mia:nid>ade County, Florida.
RESOLIi'1TON R200Y-50
NUW, THERI:FURE,
Bh, iT RESOLVED by the Cit}• Cowcil of the City of North bTiarii Beach
Sixtion 1. The Mayor ar[d City Cowcil bcreby siroaply encourage the Elcvrnth Judicial
Circuit Cmrrt of Miami-Dade County, Florida to establish a Residential Mottgzge Foroclostue
Diversion Pilot Pnrgrarn to assist the property owners of Miami-Dade who are facing forecMSUre.
Furthermore, dre Ivlayor and City Co•.mcil encourage othw mwicipalilics of P!iarni-padc
Cowty to adopt a simi'ar resolution suppn!ting the proposed prograrri. "fhe diversion program
should include reeotttmcndatiats that financial institutions be encouraged to convert adjusLl6le
rate mortgages (ABM's) [o a Gxcd rate mortgage and to exie:id the amortiaatiot: periods. [n
addition, then should be encouraged, t4dlerc appropriate, to write down a pottion c'.' ovcnrated
rca! property values and attempt future iewvcry at the tail end of the debt, it' there is a partia:
reoovey in value, but under ro circumstances cxccrd the unprovided overstarc:nem in rail
propeay.
Section 2. The City Cleat is hereby direded :o t:dic al] nccessan~ action to transmit a
wpy of this resohrtion to the Chief7udgt: of d:e Eleventh Judicial Circuit Cou.K of :Miami-Dade
County, Florida acid al! other mwsicipalilics in!vtiami-Dade Cowty, Florida.
Sectloo 3. 'lltis resolution shall be cffcedve iavnediziely ulanr adoption,
A D AYD ADO ED by the Cit}• of North Miami IIeach City Council u the
gu: • . s 4tb day of November, 2008.
/ A'TTES ' _
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r SOLOMON ODE. Z RAYit F. PfARIN
CITY CLERK MAYOR
(C[lY SEt1L) ! AP K VED S NO.R~M'/n
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HOW A , B. L&'Q:1RD
Cl'f Y ATTORNF,V-
SPUVSORF.D BYr Ma}'or Raymond F. Mnrin
City Council
RESOLUTION R2008-50