HomeMy WebLinkAboutSEOPW-CRA-R-02-0084SEOPW/CRA ITEM 5
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RESOLUTION NO.
"`
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY
REDEVELOPMENT AGENCY ("CRA") ANNOUNCING
SUPPORT FOR THE APPLICATION MADE BY CHARITY
UNLIMITED OF FLORIDA, INC. TO THE CITY OF
MIAMI FOR A HUD SECTION 108 LOAN, IN AN
AMOUNT NOT TO EXCEED $10,000,000; AUTHORIZING
THE EXECUTIVE DIRECTOR TO TRANSFER A HUD
SECTION 108 LOAN COMMITMENT TO CHARITY
UNLIMITED OF FLORIDA, INC. FOR THE IMMEDIATE
DEVELOPMENT OF A FACILITY, 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 OF FEDERAL COMMUNITY
DEVELOPMENT BLOCK GRANTS AND OTHER ELIGIBLE
} FUNDS FOR SUPPORTING THE CRA, PROVIDED 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; AND DIRECTING
THE EXECUTIVE DIRECTOR 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, 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.
00M CRA,
02-- 84
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 announces its support
of the application made by Charity Unlimited of Florida, Inc. to
the City of Miami for a HUD Section 108 Loan, in an amount not
to exceed $10,000,000.
Section 3. The Executive Director is authorized to
transfer a HUD Section 108 Loan commitment to Charity Unlimited
of Florida, Inc. for the immediate development of a facility, 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 of Federal Community Development
Block Grants and other eligible funds for supporting the CRA,
which is provided 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
Page 2 of 4 SEQPW/CRA
02-r 84
.five-year funding plan until the loan to Charity Unlimited is
.1
repaid.
Section 4. It is 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, 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 5. The Resolution shall be effective upon its
adoption.
Page 3 of 4 SE®PW/CRA
02- 84
PASSED AND ADOPTED this 25th day of April, 2002.
ATTEST:
PRISCILLA A. THOMPSON
CITY CLERK
APPROVED AS TO FORM
AND CORRECTNFi, .
FDRO VILARELLO
ATTORNEY
EOPW/CRA R-02-84:kdw:ELF
ARTHUR E. TEELE, JR., CHAIRMAN
Page 4 of 4 SEOPW/CRA
02- 84
REVISED — April 23, 2002
ITEM 5
RESOLUTION NO. SEOPW/CRA R- 0 2 - 84
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTHEAST
OVERTOWN/PARK WEST (SEOPW) COMMUNITY REDEVELOPMENT AGENCY
(CRA), EXPRESSING THE SENSE OF THE CRA BOARD TO SUPPORT THE
APPLICATION BY CHARITY UNLIMITED OF FLORIDA, INC. TO THE CITY OF
MIAMI FOR A HUD 108 LOAN IN AN AMOUNT NOT TO EXCEED $10,000,000
AND FURTHER AUTHORIZING AND TRANSFERRING A HUD 108 LOAN
COMMITMENT TO CHARITY UNLIMITED OF FLORIDA, INC. (CAMILLUS
HOUSE) FOR IMMEDIATE DEVELOPMENT OF A FACILITY, IN AN AMOUNT
NOT TO EXCEED $10, 000,000, BY PROVIDING AN ASSIGNMENT OF THE
EXISTING COMMITMENT TO THE CRA UNDER THE PROVISION OF
COMMUNITY DEVELOPMENT 5-YEAR PLAN, FROM THE CITY PURSUANT TO
CITY ORDINANCE 00-11736 (REMAINING $23 MILLION), SUBJECT TO THE CITY
INDEPENDENTLY MAKING A DECISION ON THE APPROPRIATENESS AND
ELIGIBILITY, AND SUBJECT TO CHARITY UNLIMITED OF FLORIDA, INC.
(CAMILLUS HOUSE) AGREEING TO EXPAND ITS FACILITIES BY AN
ADDITIONAL 300-600 BEDS; FURTHER THAT THE CRA WILL DEFER DRAWING
DOWN ON ITS 4T" AND 5TH YEAR ALLOCATIONS PURSUANT TO CITY
ORDINANCE 00-11736 UNTIL CHARITY UNLIMITED OF FLORIDA, INC.
(CAMILLUS HOUSE) REPAY THE LOAN THAT STIPULATES THAT THE
PRINCIPAL PAYMENT SHALL NOT EXCEED 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 express the sense of the CRA Board to
support the application by Charity Unlimited of Florida, Inc. to the City of Miami for a HUD 108
loan in an amount not to exceed $10,000,000 and further authorizing and transferring a HUD 108
loan commitment to Charity Unlimited of Florida, Inc. (Camillus House) for immediate
development of a facility, in an amount not to exceed $10, 000,000, by providing an assignment of
the existing commitment to the CRA under the provision of Community Development 5-year plan,
from the City pursuant to City ordinance 00-11736 (remaining $23 million), subject to the City
independently making a decision on the appropriateness and eligibility, and subject to Charity
Unlimited of Florida, Inc. (Camillus House) agreeing to expand its facilities by an additional 300-
600 beds; further that the CRA will defer drawing down on its 41h and 51h year allocations pursuant to
City ordinance 00-11736 until Charity Unlimited of Florida, Inc. (Camillus House) repay the loan
that stipulates that the principal payment shall not exceed five (5) years.
SEOPW/ CRA
02-- 84
Special CRA Agenda — April 25, 2002 — City Hall (City Chambers)
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
,zEOPW / CRA
02- 84
Special CRA Agenda — April 25, 2002 — City Hall (City Chambers)