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HomeMy WebLinkAboutAgenda Item Cover Page AGENDA ITEM COVER PAGE File ID: #12031 Resolution Sponsored by: Commissioner Christine King A RESOLUTION OF THE MIAMI CITY COMMISSION APPROVING THE LIBERTY CITY COMMUNITY REVITALIZATION TRUST ("LIBERTY CITY TRUST") SERVING AS A FISCAL AGENT FOR THE MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION, A FLORIDA NOT FOR PROFIT CORPORATION RECEIVE FOR THE REDEVELOPMENT OF THE PARCEL LOCATED AT 6016 NORTHWEST 7TH AVENUE, MIAMI, FLORIDA, ALSO KNOWN AS THE CARVER THEATER, FOR HOUSING, SUBJECT TO COMMUNITY DEVELOPMENT BLOCK NECESSARY BUDGETARY APPROVALS FOR THE RECEIPT, ALLOCATION, AND APPROPRIATION OF SAID FUNDS TO OCCUR BY SEPARATE RESOLUTION(S) AT THE TIME OF AWARD OF THE FUNDS. City of Miami City Hall 3500 Pan American Drive Legislation Miami, FL 33133 www.miamigov.com Resolution Enactment Number: R-22-0213 File Number: 12031 Final Action Date:6/9/2022 A RESOLUTION OF THE MIAMI CITY COMMISSION APPROVING THE LIBERTY CITY COMMUNITY REVITALIZATION TRUST ("LIBERTY CITY TRUST") SERVING AS A FISCAL AGENT FOR THE MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION, A FLORIDA NOT FOR PROFIT CORPORATION HE LIBERTY CITY TRUST MAY RECEIVE FOR THE REDEVELOPMENT OF THE PARCEL LOCATED AT 6016 NORTHWEST 7TH AVENUE, MIAMI, FLORIDA, ALSO KNOWN AS THE CARVER THEATER, FOR HOUSING, SUBJECT TO COMMUNITY DEVELOPMENT BLOCK ER ELIGIBLE CDBG NECESSARY BUDGETARY APPROVALS FOR THE RECEIPT, ALLOCATION, AND APPROPRIATION OF SAID FUNDS TO OCCUR BY SEPARATE RESOLUTION(S) AT THE TIME OF AWARD OF THE FUNDS. WHEREAS, the Liberty City Community Revitalization Trust is a limited agency and development, business, and commerce in the Liberty City Trust area; and WHEREAS, pursuant to C-19-0249, adopted on June 27, 2019, the City transferred a City-owned parcel of land and all improvements thereon located at 6016 Northwest 7th Avenue, Miami, Florida, also known as the Carver Theater rtin Luther King Economic Development Corporation, a Florida not for profit Community CDBG program restrictions and/or other eligible CDBG activities WHEREAS, the Parcel is located within the Liberty City Trust area; and WHEREAS, pursuant to Section 12.5-28(6) of the Code of the City of Miami, Florida, as ncludes implementing full and active participation and cooperation with public and private entities in furtherance of the Liberty City Trust's purpose to oversee and facilitate the revitalization of the Liberty City Trust area to improve the quality of life for residents of this neighborhood; and WHEREAS, pursuant to Section 12.5-28(7) of the City Code, subject to City Commission approval, the Liberty City Trust may participate in any other fundraising activity, whether solely involving the Liberty City Trust or involving partnerships with other persons or public or private organizations, which furthers the Liberty City Trust's purpose; and WHEREAS, the Project is eligible for funding from various public and private entities; and WHEREAS, MLK EDC has requested that the Liberty City Trust undertake the responsibility of being MLK EDC's fiscal agent in order to assist in the development of the WHEREAS, it is in the best interest of the City and the Liberty City Trust for the Liberty City Trust to serve as a Fiscal Agent for the MLK EDC for funding that the MLK EDC or the Liberty City Trust may receive for the redevelopment of the Parcel and completion of the Project r the Liberty City Trust area; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of this Resolution are adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The City Commission approves the Liberty City Trust serving as a Fiscal Agent for the MLK EDC for funding that the MLK EDC or the Liberty City Trust may receive for the redevelopment of the Parcel and completion of the Project, subject to all appropriate and necessary budgetary approvals for the receipt, allocation, and appropriation of said funds to occur by separate Resolution(s) at the time of award of the funds. Section 3. The City Clerk is directed to transmit a certified copy of this Resolution to the Executive Director of the Liberty City Trust. Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: Pursuant to the resolution, this item became effective immediately upon adoption by the Commission.