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HomeMy WebLinkAboutR-22-0249City of Miami Resolution R-22-0249 Legislation File Number: 12061 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date: 7/19/2022 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO APPROVE A MODIFICATION IN THE PROPOSED PROJECT BY COMMUNITY DEVELOPMENT GROUP, INC., A FLORIDA CORPORATION, ON THE CITY OF MIAMI ("CITY") OWNED PROPERTY LOCATED AT 6820 NORTHWEST 17 AVENUE, MIAMI, FLORIDA, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT "A," ATTACHED AND INCORPORATED, FROM AN AFFORDABLE HOMEOWNERSHIP PROJECT TO AFFORDABLE RENTAL HOUSING FOR ELIGIBLE LOW TO MODERATE INCOME PERSONS; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. SPONSOR(S): Commissioner Christine King WHEREAS, on March 12, 2020, pursuant to Resolution No. R-20-0069, the City Commission authorized the transfer, with affordable housing restrictions and automatic reverter provisions, of the City -owned property located at 6820 Northwest 17 Avenue, Miami, Florida ("Property") to Community Development Group, Inc., a Florida corporation ("Developer'), for the development of affordable homeownership housing for eligible residents whose annual income is equal to or less than eight percent (80%) of area median income as published annually by the United States Department of Housing and Urban Development ("Project"); and WHEREAS, the Property is currently under contract; and WHEREAS, on February 28, 2022, the Department of Housing and Community Development received a letter from the Developer requesting a change to the Project; and WHEREAS, the Developer was unsuccessful in obtaining financing for the development of the proposed Project as a homeownership project due to the cost, and Developer is offering to move forward with the rehabilitation of the Property as an affordable rental housing project for eligible low to moderate income persons; and WHEREAS, the City's Administration recommends the approval of a modification in the Developer's proposed Project from an affordable homeownership project to affordable rental housing for eligible low to moderate income persons; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The City Manager is authorized' to modify the Developer's proposed Project on the Property from an affordable homeownership project to affordable rental housing for City of Miami Page 1 of 2 File ID: 12061 (Revision:) Printed On: 712712022 File ID: 12061 Enactment Number: R-22-0249 eligible low to moderate income persons. Section 3. The City Manager is further authorized' to negotiate and execute any and all necessary documents, all in forms acceptable to the City Attorney, for said purpose. Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: 1 ,A( i ria i : ndez, Cify Attor iey 6/24/2022 ' The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to those prescribed by applicable City Charter and City Code provisions. City of Miami Page 2 of 2 File ID: 12061 (Revision:) Printed on: 712712022