HomeMy WebLinkAboutR-20-0254City of Miami
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Legislation
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Resolution: R-20-0254
File Number: 7750
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Final Action Date: 9/10/2020
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS,
ACCEPTING THE MIAMI—DADE COUNTY OWNED PARCEL OF LAND
LOCATED AT NORTHWEST 62 STREET BETWEEN NORTHWEST 15
AVENUE AND NORTHWEST 17 AVENUE (FOLIO NO. 01-3114-035-2035), AS
MORE PARTICULARLY DESCRIBED IN EXHIBIT "A," ATTACHED AND
INCORPORATED ("PARCEL"), PURSUANT TO MIAMI—DADE COUNTY
RESOLUTION NO. 1366-19, ATTACHED AND INCORPORATED AS EXHIBIT
"B," FOR A TOTAL AMOUNT NOT TO EXCEED TWO THOUSAND FIVE
HUNDRED DOLLARS ($2,500.00) PLUS CLOSING COSTS; FURTHER
AUTHORIZING, PURSUANT TO SECTION 29—B(A) OF THE CHARTER OF
THE CITY OF MIAMI, FLORIDA, AS AMENDED, THE CONVEYANCE OF THE
PARCEL, WITH AFFORDABLE/WORKFORCE RENTAL HOUSING
RESTRICTIONS AND AUTOMATIC REVERTER PROVISIONS, TO
RESIDENCES AT DR. KING BOULEVARD, LTD., A FLORIDA LIMITED
PARTNERSHIP, FOR AN AMOUNT OF TWO THOUSAND FIVE HUNDRED
DOLLARS ($2,500.00) PLUS CLOSING COSTS AS PART OF THE
RESIDENCES AT DR. KING BOULEVARD DEVELOPMENT FOR THE
PURPOSE OF CREATING AFFORDABLE/WORKFORCE RENTAL HOUSING
FOR ELIGIBLE LOW TO MODERATE AND WORKFORCE INCOME
PERSONS; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE
AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, INCLUDING
AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN FORMS
ACCEPTABLE TO THE CITY ATTORNEY AND BOND COUNSEL, FOR SAID
PURPOSE.
SPONSOR(S): Commissioner Keon Hardemon
WHEREAS, pursuant to Resolution Nos. R-17-0512, R-19-0141, and R-20-0157 adopted
on November 16, 2017, April 11, 2019, and May 14, 2020 respectively (collectively,
"Resolutions"), the City Commission authorized the conveyance of the City of Miami ("City") owned
properties located at 6240 Northwest 15 Avenue and 1501, 1515, 1525, 1535, 1551, 1560, 1520,
and 1500 Northwest 62 Street, Miami, Florida (collectively, "Properties") with affordable/workforce
rental housing restrictions and automatic reverter provisions to Residences at Dr. King Boulevard,
Ltd., a Florida limited partnership ("RDK"), for the construction of affordable/workforce housing for
eligible low to moderate and workforce income persons ("Project"); and
WHEREAS, Miami -Dade County ("County") has proposed to convey to the City a parcel
of land located at Northwest 62 Street between Northwest 15 Avenue and Northwest 17 Avenue
(Folio No. 01-3114-035-2035), as more particularly described in Exhibit "A," attached and
incorporated ("Parcel'), which could provide a benefit to the Project by increasing the size of the
existing lot; and
WHEREAS, in order to convey the Parcel and the Properties to the Developers, the City
City of Miami Page 1 of 3 File ID: 7750 (Revision:) Printed On: 912112020
File ID: 7750 Enactment Number: R-20-0254
shall require (i) evidence satisfactory to the Director of the Department of Housing and
Community Development ("Director") that financial commitments from the lender or lenders
have been received; (ii) any mortgages obtained by the RDK or subsequent developers
(collectively, "Developer") on the Parcel and the Properties will be subject to the approval of the
Director; (iii) payment by the Developer to the City of the total amount of restricted funds used to
acquire, refinance, or improve the Parcel and the Properties with an affidavit of such payment
and receipt by the City of such payment(s) in form(s) acceptable to the City's Finance Director,
the City Attorney, and Bond Counsel; and (iv) the closing of the Parcel and Properties occurs
simultaneously with the closing of the construction financing by the lender(s), if any; and
WHEREAS, the requirements set forth in the Resolutions shall remain unchanged and
shall henceforth apply to the Parcel as a part of the Project; and
WHEREAS, the City's Administration is recommending the acceptance of the Parcel for
the amount of Two Thousand Five Hundred Dollars ($2,500.00) plus closing costs and the
conveyance of said Parcel with affordable/workforce rental housing restrictions and automatic
reverter provisions to RDK for the amount of Two Thousand Five Hundred Dollars ($2,500.00)
plus closing costs as part of the Project for the purpose of creating affordable/workforce rental
housing for eligible low to moderate and workforce income persons;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The City Manager is authorized' to accept the Parcel pursuant to County
Resolution No. 1366-19, attached and incorporated as Exhibit "B," for a total amount not to
exceed Two Thousand Five Hundred Dollars ($2,500.00) plus closing costs.
Section 3. Pursuant to Section 29-B(A) of the Charter of the City of Miami, Florida, as
amended, the conveyance of the Parcel with affordable/workforce rental housing restrictions
and automatic reverter provisions to RDK for the amount of Two Thousand Five Hundred
Dollars ($2,500.00) plus closing cost as part of the Project is authorized.'
Section 4. The City Manager is authorized' to negotiate and execute any and all
necessary documents, including amendments, extensions, and modifications, all in forms
acceptable to the City Attorney and Bond Counsel, for said purpose.
Section 5. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
' The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited to those prescribed by applicable City Charter and City Code
provisions.
2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 3 File ID: 7750 (Revision:) Printed on: 912112020
File ID: 7750
Enactment Number: R-20-0254
APPROVED AS TO FORM AND CORRECTNESS:
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Vft6ria-Vrdel, City Attor iey 813112020
City of Miami Page 3 of 3 File ID: 7750 (Revision:) Printed on: 912112020