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HomeMy WebLinkAbout2022-020-3733_-_Settle_JP_Morgan_Case_-_Adopted.docxRESOLUTION NO. 2022-020-3733 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS, AUTHORIZING THE CITY ATTORNEY AND CITY MANAGER TO ENTER INTO A SETTLEMENT TO SETTLE ALL ISSUES, FEES AND COSTS FOR THAT CERTAIN LITIGATION STYLED CITY OF MIAMI GARDENS V. J.P. MORGAN CHASE & CO. ET AL, CASE NO. 1:14-CV-22206- KMW; AUTHORIZING THE CITY ATTORNEY TO DISMISS THE LITIGATION; PROVIDING FOR THE ADOPTION OF REPRESENTATIONS; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, on June 13, 2014, the City of Miami Gardens commenced litigation against J.P. Morgan Chase & Co. et al alleging violation of the Federal Fair Housing Act (“FHA”), and WHEREAS, currently the City of Miami Gardens and J.P. Morgan Chase & Co. et al have mutually agreed to resolve the litigation to avoid the uncertainty and expense of future proceedings in the action, and WHEREAS, it is recommended that City Council authorize the City Attorney and City Manager to enter into a settlement to settle all issues, attorney’s fees and costs related to litigation and to dismiss the case styled City of Miami Gardens v. J.P. Morgan Chase & Co. et al, Case No. 1:14-Cv-22206-kmw. WHEREAS, upon receipt of the settlement funds, a portion of which is going to be paid to our attorneys who represented us in the case to cover fees and costs. Additionally, the City Manager is recommending that the remaining portion of the money go towards funding to be made available on a reimbursement basis for a maximum of 25% of the hard costs associated with the construction of each unit built through the Infill Housing Program, and \WHEREAS, the Infill Housing Program is program through Miami- Dade County where the main goal is to increase the supply of homeownership opportunities where the development takes place. Every unit built through the Infill Housing Program must be sold to an eligible household to be used as a primary residence, and WHEREAS, Palmetto Homes was awarded various lots for development within the City of Miami Gardens through the Miami-Dade County Infill Development Program and the City of Miami Gardens will use remaining funds from the settlement to provide funds, on a reimbursement basis for a maximum of 25% of the hard costs associated with the construction of units built through the program, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS, FLORIDA AS FOLLOWS: DocuSign Envelope ID: 4C07ACC4-FC37-441C-B057-59E3117877C3 Page 2 of 2 Resolution No. 2022-020-3733 Section 1: ADOPTION OF REPRESENTATIONS: The foregoing Whereas paragraphs are hereby ratified and confirmed as being true, and the same are hereby made a specific part of this Resolution. Section 2: AUTHORIZATION: The City Council of the City of Miami Gardens hereby authorizes the City Attorney and City Manager to enter into a settlement to settle all issues, attorney’s fees and costs related to litigation and to dismiss the case styled City of Miami Gardens v. J.P. Morgan Chase & Co. et al, Case No. 1:14-Cv-22206-kmw. The City Council authorizes the City Manager to use a portion to pay to the attorneys that represented the City in the case to cover fees and costs and use the remaining portion of the money for funding to be made available on a reimbursement basis for a maximum of 25% of the hard costs associated with the construction housing units built through the Infill Housing Program. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS AT ITS REGULAR MEETING HELD ON FEBRUARY 23, 2022. ________________________________ RODNEY HARRIS, MAYOR ATTEST: ________________________________ MARIO BATAILLE, CMC, CITY CLERK PREPARED BY: SONJA KNIGHTON DICKENS, CITY ATTORNEY SPONSORED BY: SONJA DICKENS, CITY ATTORNEY Moved by: Vice Mayor Leon Seconded by: Seconded by Councilman Stephens VOTE: 7-0 Mayor Harris Yes Vice Mayor Leon Yes Councilwoman Campbell Yes Councilwoman Ighodaro Yes Councilwoman Julien Yes Councilman Stephens, III Yes Councilwoman Wilson Yes DocuSign Envelope ID: 4C07ACC4-FC37-441C-B057-59E3117877C3