HomeMy WebLinkAboutMaster ReportCON, Ot-41 City of Miami
Master Report
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File Number: 12775
Revision:
Enactment Number: R-22-0420
File Type: Resolution
File Name: ARPA Allocation - Centennial Management -
Stadium Towers
Requesting Dept: Commissioners and Mayor
Title:
s)
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status:
Controlling Body: C
Fi
0/27.
A RESOLUTION OF THE MIAMI CITY COMMISSION, TT ENTS
AUTHORIZING A LOAN IN AN AMOUNT NOT TO MI
HUNDRED THOUSAND DOLLARS ($1,800,000. AMER RE LAN
ACT OF 2021 ("ARPA") FUNDS ("ARPA FUND O STADIUM ER
APARTMENTS LLC, A FLORIDA LIMITED LIAB COMPANY EVELOPER"), TO
CONSTRUCT A NEW AFFORDABLE HO G D OPMENT AT WILL
CONTAIN NO LESS THAN ONE HUNDRE TY (149 Y OF MIAMI-
ASSISTED RESIDENTIAL RENTAL UNITS F IGI ENTS WHOSE
ANNUAL INCOME IS EQUAL TO ESS THA VE ERCENT (70%) OF
AREA MEDIAN INCOME, ASP Y THE UNITED STATES
DEPARTMENT OF HOUSIN AN A ENT, TO BE KNOWN AS
STADIUM TOWER APART S L ED AT APPROXIMATELY THE
NORTHWEST CORNER OF HW 3 STREET AND NORTHWEST 8 AVENUE
IN MIAMI, FLORIDA RE ICU L Y DESCRIBED IN EXHIBIT "A",
ATTACHED AND RATE OJ "), WHERE DISBURSEMENT OF THE
ARPA FUNDS I, BJECT TO THE IPT BY THE CITY MANAGER OF THE
WRITTEN APPF VAL OF THE = "AN HE CITY'S HOUSING AND COMMERCIAL
LOAN COMMIT`, ("HCLC APP JVAL"), AND SUBJECT TO THE RECEIPT BY THE
CITY MANAGER THE WRIT76,q APPROVAL OF THE LOAN BY THE CITY'S ARPA
CO T, O iM60AND
OR ("CONSULTANT APPROVAL"), AND SUBJECT
TOTE MS, CO RESTRICTIONS CONTAINED HEREIN, IN THE
H APP ND IN THE CONSULTANT APPROVAL; FURTHER
A O ITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL
NE Y DOC ENTS, INCLUDING AMENDMENTS, EXTENSIONS, AND
MODIFICATIONS L IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, FOR
S®ID PU OVIDING FOR AN EFFECTIVE DATE.
ner Alex Diaz de la Portilla
Pur to the resolution, this item became effective immediately upon adoption by the
fission.
ao
Attachments: 12775 Exhibit A (PDF)
ry of Legislative File:
Revision: Acting Body: Date: Action: Result:
Victoria Mendez 10/18/2022
City Commission 10/27/2022
Approved Form and Completed
Correctness
Meeting Completed
City of Miami
Rescinded by R-22-0456
Page 1 of 2
Printed on: 111112022
CON, Ot-411 City of Miami
Master Report
Enactment Number: R-22-0420
City Commission 10/27/2022 ADOPTED
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Passed
City of Miami
Rescinded by R-22-0456
Page 2 of 2
Printed on: 111112022