HomeMy WebLinkAboutMaster Report01'.41 City of Miami
Master Report
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File Number: 8870
Revision:
Enactment Number: R-21-0156
File Type: Resolution
File Name: Tranche 2 Affordable Housing Reimbursement
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: ADOPTED
Controlling Body: City Commission
Introduced: 4/9/2021
Requesting Dept: City Commission Final Action Date: 4/8/2021
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING AND DIRECTING THE CITY MANAGER TO ALLOCATE FROM THE
TRANCHE 2 AFFORDABLE HOUSING CATEGORY, IN ACCORDANCE WITH (A) THE
NOVEMBER 7, 2017 VOTER REFERENDUM FOR THE CITY OF MIAMI ("CITY")
FOREVER LIMITED AD VALOREM BONDS ("VOTER REFERENDUM"), (B) THE FINAL
BOND VALIDATION ORDER DATED DECEMBER 16, 2019 ("BONDS VALIDATION
ORDER"), AND (C) THE CITY COMMISSION'S UPDATED SEVEN (7) AFFORDABLE
HOUSING BONDS PROJECTS STRATEGIES AND THE TRANCHE 2 AFFORDABLE
HOUSING BONDS INTENT TO REIMBURSE RESOLUTION NO. R-21-0046 ADOPTED
JANUARY 28, 2021, ALL ATTACHED AND INCORPORATED AS COMPOSITE
EXHIBIT "A", FUNDING ON A REIMBURSEMENT BASIS IN AN AMOUNT NOT TO
EXCEED TWO MILLION TWO HUNDRED SIXTY SIX THOUSAND FIFTY SEVEN AND
50/100 DOLLARS ($2,266,057.50) FROM THE PROPOSED TRANCHE 2 MIAMI
FOREVER AFFORDABLE HOUSING LIMITED AD VALOREM BONDS FOR THE
AFFORDABLE HOUSING COMPONENTS OF SINGLE FAMILY HOUSING PROJECTS
FOR LOW AND/OR MODERATE INCOME PERSONS/FAMILIES TO BE LOCATED
WITHIN THE CITY'S DISTRICT 3 AT 1251 SOUTHWEST 7 STREET (FOLIO NO. 01-
4102-011-0370), 1261 SOUTHWEST 7 STREET (FOLIO NO. 01-4102-011-0361), 1269
SOUTHWEST 7 STREET (FOLIO NO. 01-4102-011-0360), AND 643 SOUTHWEST 13
AVENUE (FOLIO NO. 01-4102-011-0340), MIAMI, FLORIDA AND AS LEGALLY
DESCRIBED IN THE EXHIBIT "B," ATTACHED AND INCORPORATED
(COLLECTIVELY, "DISTRICT 3 SINGLE-FAMILY PROJECTS"), TO BE DEVELOPED
BY THE CITY AS THE DEVELOPER; SUCH ALLOCATION TO BE IN COMPLIANCE
WITH ALL APPLICABLE FEDERAL, STATE OF FLORIDA, LOCAL, AND CITY LAWS,
RULES, AND REGULATIONS FOR AFFORDABLE HOUSING PROJECTS, INCLUDING
BUT NOT LIMITED TO THE CITY'S AFFORDABLE HOUSING BONDS PROJECTS
STRATEGIES, THE TRANCHE 2 AFFORDABLE HOUSING INTENT TO REIMBURSE
RESOLUTION, THE VOTER REFERENDUM, THE BONDS VALIDATION ORDER, THE
TRANCHE 2 MIAMI FOREVER AFFORDABLE HOUSING LIMITED AD VALOREM
BONDS, THE CHARTER OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AND THE
CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED; DESIGNATING AN
EMERGENCY NATURE; PROVIDING FOR AN EFFECTIVE DATE.
Notes: Pursuant to the resolution, this item became effective immediately upon adoption by the
Commission.
Links:
Attachments: 8870 Composite Exhibit A (PDF)
History of Legislative File:
Revision: Acting Body:
Date: Action:
Result:
City of Miami
Page 1 of 2
Printed on: 412012021
CON 01-411
City of Miami
� 9k
Master Report
Enactment Number: R-21-0156
City Commission
4/8/2021 Meeting
City Commission
4/8/2021 ADOPTED
Victoria Mendez
4/20/2021 Approved Form and
Correctness
City Clerk's Office
4/20/2021 Rendered
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Completed
Passed
Completed
Completed
City of Miami Page 2 of 2 Printed on: 412012021