HomeMy WebLinkAboutMaster ReportFile Number: 10718
Revision:
City of Miami
Master Report
Enactment Number: R-21-0391
File Type: Resolution
File Name: Approve - Essence of Miami project -Terms and
Conditions
Requesting Dept: Department of Housing and Community
Development
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: ADOPTED
Controlling Body: City Commission
Introduced: 9/14/2021
Final Action Date: 9/23/2021
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING THE TERMS, CONDITIONS, AND AFFORDABILITY REQUIREMENTS
SET FORTH IN THE HOUSING AND COMMERCIAL LOAN COMMITTEE'S
MEMORANDA, ATTACHED AND INCORPORATED AS EXHIBIT "A," FOR THE LOAN,
AS DESCRIBED HEREIN, TO 8TH STREET PROPERTIES, LLC, A FLORIDA LIMITED
LIABILITY COMPANY, TO CONSTRUCT THE AFFORDABLE HOUSING PROJECT TO
BE LOCATED AT 829 SOUTHWEST 8TH STREET, 845 SOUTHWEST 8TH STREET,
AND 847 SOUTHWEST 8TH STREET TO BE KNOWN AS "ESSENCE MIAMI"
("PROJECT"); 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, IN ORDER TO LOAN FIVE MILLION DOLLARS
($5,000,000.00) IN MIAMI FOREVER BONDS TO THE DEVELOPER TO CONSTRUCT
THE PROJECT.
Notes: Pursuant to the resolution, this item became effective immediately upon adoption by the
Commission.
Links:
Attachments: 10718 Exhibit A (PDF)
10718 Notice to the Public (PDF)
10718 Pre -Legislation (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Victoria Mendez
9/14/2021
Approved Form and
Completed
Correctness
City Commission
9/23/2021
Meeting
Completed
City Commission
9/23/2021
ADOPTED
Passed
City Clerk's Office
10/1/2021
Rendered
Completed
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