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Home My WebLink AboutSEOPW-CRA-R-02-0080SEOPW/CRA ITEM 20 RESOLUTION NO. 0 2 - 80 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA") AUTHORIZING THE EXECUTIVE DIRECTOR TO ASSIST CHARITY UNLIMITED OF FLORIDA, INC. ("CHARITY UNLIMITED") IN OBTAINING A HUD SECTION 108 LOAN, IN AN AMOUNT NOT TO EXCEED $10,000,000, BY EXECUTING AN ASSIGNMENT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, OF THE CRA'S EXISTING FIVE-YEAR COMMITMENT FOR FUNDING FOR CAPITAL PROJECTS, FROM THE CITY OF MIAMI, WITH FEDERAL COMMUNITY DEVELOPMENT BLOCK GRANTS AND OTHER ELIGIBLE FUNDS FOR SUPPORTING THE CRA, GRANTED BY CITY OF MIAMI ORDINANCE NO. 00-11736, WITH THE LOAN MADE POSSIBLE BY THE CPA .DEFERRING ANY CAPITAL PROGRAMS UNDER THE ORDINANCE DESIGNATED FOR THE 4TH AND 5TH YEARS OF THE FIVE-YEAR FUNDING PLAN UNTIL THE LOAN TO CHARITY UNLIMITED IS REPAID; AND DIRECTING THE EXECUTIVE DIRECTOR THAT THE ASSIGNMENT OF CPA FUNDING, FOR THE HUD SECTION 108 LOAN TO CHARITY UNLIMITED, SHALL BE SUBJECT TO: (1) THE MIAMI CITY COMMISSION MAKING A DETERMINATION THAT THE HUD SECTION 108 LOAN TO CHARITY UNLIMITED, FOR THE DEVELOPMENT OF A HOMELESS SHELTER, IS AN APPROPRIATE USE OF THE FUNDS UNDER SECTION 163.355, FLORIDA STATUTES, AND THE COMMUNITY REDEVELOPMENT ACT OF 1969, AS AMENDED, IN GENERAL; (2) CHARITY UNLIMITED AGREEING TO EXPAND ITS NEW FACILITIES TO ACCOMMODATE 300 TO 600 ADDITIONAL BEDS; AND (3) CHARITY UNLIMITED AGREEING TO REPAY THE HUD SECTION 108 LOAN WITHIN FIVE YEARS. 02- 80 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are incorporated herein as if fully set forth in this Section. Section 2. The Board of Directors directs the Executive Director to assist Charity Unlimited of Florida, Inc. ("Charity Unlimited") in obtaining a HUD Section 108 Loan, in an amount not to exceed $10,000,000, by executing an assignment, in a form acceptable to the City Attorney, of the CRA's existing five-year commitment for funding for capital projects, from the City of J Miami, with Federal Community Development Block Grants and other eligible funds for supporting the CRA, granted by City of Miami Ordinance No. 00-11736, with the loan made possible by the CRA deferring any capital programs under the ordinance designated for the 4th and 5th years of the five-year funding plan until the loan to Charity Unlimited is repaid. Section 3. The Executive Director is further directed that the assignment of CRA funding, for the HUD Section 108 Loan to Charity Unlimited, shall be subject to: (1) the Miami City Commission making a determination that the HUD Section 108 Loan to Charity Unlimited, for the development of a homeless shelter, is an appropriate use of the funds under Section 163.355, Page 2 of 3 SEOPW/MA 02- 80 Florida Statutes, and the Community Redevelopment Act of 1969, as amended, in general; (2) Charity Unlimited agreeing to expand its new facilities to accommodate 300 to 600 additional beds; and (3) Charity Unlimited agreeing to repay the HUD Section 108 Loan within five years. Section 4. This resolution shall be effective immediately upon its adoption. PASSED AND ADOPTED this 25th day of April, 2002. ARTHUR E. TEELE, JR., CHAIRMAN ATTEST Priscilla A. Thompson CITY CLERK APPROVED AS TO FORM AND CORRECTNESS: 0 VILARELLO 'ATTORNEY SEOPW/CRA R-02-80:kdw:ELF Page 3 of 3 SEOPW/CRA 0 2 - 80 REVISED — April 23, 2002 ITEM 20 RESOLUTION NO. SEOPW/CRA R- 0 2 - 80 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTHEAST OVERTOWN/PARK WEST (SEOPW) COMMUNITY REDEVELOPMENT AGENCY (CRA), PROVIDING ASSISTANCE TO CHARITY UNLIMITED OF FLORIDA, INC. (CAMILLUS HOUSE) IN OBTAINING A HUD SECTION 108 LOAN IN AN AMOUNT NOT TO EXCEED TEN MILLION DOLLARS ($10,000,000.00) TO BE ARRANGED BY THE CRA BY PROVIDING AN ASSIGNMENT OF ITS EXISTING COMMITMENT FROM THE CITY OF MIAMI TO THE CRA OF FEDERAL COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS, HOME INVESTMENT PARTNERSHIP GRANTS AND OTHER ELIGIBLE FUNDS FOR SUPPORTING THE CRA, GRANTED BY THE CITY OF MIAMI TO THE CRA BY CITY ORDINANCE NO. 00-11736 ("ORDINANCE") SUCH LOAN SHALL BE MADE POSSIBLE BY THE CRA DEFERRING ANY CAPITAL PROGRAMS UNDER THE ORDINANCE DESIGNATED FOR THE 4TH AND 5TH YEARS OF THE FIVE YEAR PLAN UNTIL THE LOAN TO CHARITY UNLIMITED IS REPAID, SUBJECT TO (A) THE CITY OF MIAMI MAKING A DETERMINATION THAT THE 108 LOAN TO CHARITY UNLIMITED FOR THE DEVELOPMENT OF HOMELESS SHELTER IS APPROPRIATE USE OF THE FUNDS UNDER §163.355 AND THE COMMUNITY REDEVELOPMENT ACT OF 1969 IN GENERAL (B) CHARITY UNLIMITED AGREES TO EXPAND ITS NEW FACILITIES TO ACCOMMODATE 300-600 ADDITIONAL BEDS; FURTHER PROVIDING THAT CHARITY UNLIMITED MUST REPAY THE 108 LOAN WITHIN FIVE (5) YEARS. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are incorporated herein as if fully set forth in this Section. Section 2. The CRA Board of Directors hereby provide assistance to Charity Unlimited of Florida, Inc. (Camillus House) in obtaining a HUD Section 108 loan in an amount not to exceed Ten Million Dollars ($10,000,000.00) to be arranged by the CRA by providing an assignment of its existing commitment from the City of Miami to the CRA of Federal Community Development Block Grant (CDBG) Funds, Home Investment Partnership Grants and other eligible funds for supporting the CRA, granted by the City of Miami to the CRA by City Ordinance No. 00-11736 ("Ordinance") such loan shall be made possible by the CRA deferring any capital programs under the Ordinance designated for the 41h and 51h years of the five year plan until the loan to Charity Unlimited is repaid, subject to (a) the City of Miami making a determination that the 108 loan to Charity Unlimited for the development of homeless shelter is appropriate use of the funds under §163.355 and the Community Redevelopment Act of 1969 in general (b) Charity Unlimited agrees to expand its new facilities to accommodate 300-600 additional beds; further providing that Charity Unlimited must repay the 108 loan within five (5) years. Special CRA Agenda — April 25, 2002 — City Hall (City Chambers) SEOPW/CRA 02- 80 REVISED — April 23, 2002 Section 3. This resolution shall be effective immediately upon its adoption. PASSED AND ADOPTED this 25th day of April, 2002. Arthur E. Teele, Jr., Chairman Priscilla A. Thompson, Clerk of the Board APPROVED AS TO FORM AND CORRECTNESS: Alejandro Vilarello, General Counsel SEOPW/CRA 02- 80 Special CRA Agenda — April 25, 2002 — City Hall (City Chambers)