79(a) Resolution HFA 2023-04 adopted February 7, 2023 (amendment) (Vista Breeze)RESOLUTION NO. HFA 2023-04 RESOLUTION AMENDING RESOLUTION NO. 2022-12 ADOPTED BY THE HOUSING FINANCE AUTHORITY OF MIAMI-DADE COUNTY, FLORIDA ON MARCH 28, 2022 RELATING TO VISTA BREEZE; AUTHORIZING A TEFRA NOTICE AND AUTHORIZING A TEFRA HEARING. WHEREAS, the Housing Finance Authority of Miami-Dade County, Florida (the “Authority”) has previously adopted a resolution on March 28, 2022 (the “Inducement Resolution”) expressing the intent of the Authority to proceed with the financing of a multifamily rental housing facility to be known as Vista Breeze (the “Development”) through the issuance of its multifamily housing revenue debt obligations in an aggregate principal amount not to exceed $20,000,000 (“Debt Obligations”) for the Development to be owned by Vista Breeze, Ltd. (the “Owner”); and WHEREAS, the Owner has requested the Authority to increase the authorized aggregate principal amount of the Debt Obligations to an amount not to exceed $33,800,000; and WHEREAS, the Authority deems it necessary to provide a Notice of Public Hearing for the Project in accordance with the requirements of the Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”) and Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”), which Notice of Public Hearing the Authority hereby determines to be in the public interest; NOW, THEREFORE, BE IT RESOLVED by the members of the Housing Finance Authority of Miami-Dade County, Florida, a lawful quorum of which duly assembled, as follows: SECTION 1. AMENDMENTS TO INDUCEMENT RESOLUTION. The Authority hereby amends the Inducement Resolution, by amending the authorized not to exceed aggregate
principal amount of the Debt Obligations to increase such amount to an amount not to exceed $33,800,000 and all references in the Inducement Resolution to "$20,000,000" are hereby amended to read "$33,800,000". The Inducement Resolution, as amended hereby, shall remain in full force and effect. SECTION 2. APPROVAL OF TEFRA NOTICE AND HEARING. A Notice of Public Hearing for purposes of the TEFRA approval is hereby authorized and the staff of the Authority is hereby authorized to conduct on behalf of the Authority a TEFRA hearing regarding the issuance of the Debt Obligations in an amount not to exceed $33,800,000 as required by Section 147(f) of the Code, and to make a report to the Board of County Commissioners of Miami-Dade County of the public hearing. The Board of County Commissioners of Miami-Dade County is hereby respectfully requested to approve the issuance of the Debt Obligations by the Authority in the amount of not-to-exceed $33,800,000 to finance the Project for purposes of Section 147(f) of the Code. [Vista Breeze]
SECTION 3. EFFECTIVE DATE. This Resolution shall become effective immediately upon its adoption. The roll being called on the question of adoption of the Resolution, the vote thereon resulted as follows: AYES: 7 NAYS: D ABSTENTIONS: 0 This Resolution shall become effective immediately upon its adoption. Adopted this 27 day of February, 2023. wing yuu 424, . ee é (Seal) Seta’ HOUSING FINANCE AUTHORITY OF MIAMI-DADE COUNTY, FLORIDA “, ee Z@Gi COUNTY %O= 2a; ° i@s Sf 22°. FLORIDA “= Vf an ov e ew aT. yY VY Attest: “iy, tee fe ah? Chairman Assisfant Secretdry / U ) Approved as to form and legal sufficiency by the Miami-Dade County Attorney Assistant County Attor for Miami-Dade County, Florida [Vista Breeze]