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HomeMy WebLinkAboutAgenda Item Summary Form1TY OF Hw AGENDA ITEM SUMMARY FORM File ID: #12919 Date: 11/03/2022 Requesting Department: Department of Real Estate and Asset Management Commission Meeting Date: 11/17/2022 Sponsored By: District Impacted: District 1 Type: Resolution Subject: Auth. Transfer - Workforce and AHP - Dulce Vida Apartments, LLC Purpose of Item: A Resolution of the Miami City Commission authorizing the transfer of the workforce and affordable housing project at 1785 Northwest 35th Street, Miami, Florida, to Dulce Vida Apartments, LLC, a Florida limited liability company ("Dulce Vida"), which is an affiliate entity of Miami Bethany Community Services, Inc., a Florida not for profit corporation ("Miami Bethany"); further authorizing the City Manager to negotiate and execute any and all necessary documents, including amendments, all in forms acceptable to the City Attorney, for said purpose. Background of Item: The City of Miami ("City") is the fee simple owner of the property located at 1785 Northwest 35th Street, Miami, Florida ("Property"). The City Commission adopted Resolution No. R-21-0447 on October 28, 2021, authorizing the City Manager to negotiate and execute a quitclaim deed, in a form acceptable to the City Attorney, to convey the Property to Miami Bethany Community Services, Inc., a Florida not for profit corporation ("Miami Bethany"), pursuant to Section 29-13(a) of the Charter of the City of Miami, Florida, as amended, for the purpose of redeveloping the Property into workforce and affordable housing ("Project"), subject to a various restrictions provided therein, including but not limited to the continuous operation of the existing Allapattah Public Branch Library and the development of a new library within the Project. The conveyance of the Property shall be subject to an automatic reverter provision requiring workforce and affordable housing on the Property and related restrictions in accordance with the Project for thirty (30) years. Miami Bethany is seeking City Commission approval to grant the City Manager the authority to convey the Property to an affiliate entity of Miami Bethany that is qualified to develop the Property in accordance with the requirements for the Project, Dulce Vida Apartments, LLC, a Florida limited liability company ("Dulce Vida"). Miami Bethany will have a membership interest in Dulce Vida, provided that Miami Bethany will have no liability for any debts or other financial obligations of the limited liability company. Budget Impact Analysis Item is NOT Related to Revenue Item is NOT funded by Bonds Total Fiscal Impact: Reviewed By Department of Real Estate and Asset Management Review Completed 11/03/2022 1:24 PM Office of Management and Budget Pedro Lacret Office of Management and Budget Marie Gouin City Manager's Office Larry M. Spring Legislative Division Valentin J Alvarez City Manager's Office Arthur Noriega V OMNI Community Redevelopment Agency Office of the City Attorney Victoria Mendez City Commission Maricarmen Lopez Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office Office of the City Clerk City Clerk's Office Jacqueline Lorenzo Department Head Budget Analyst Review Completed 11/03/2022 2:48 PM Budget Review Completed 11/05/2022 2:12 PM Assistant City Manager Review Completed 11/07/2022 3:42 PM Legislative Division Review Completed 11/07/2022 4:23 PM City Manager Review Completed 11/07/2022 5:14 PM Isiaa Jones ACA Review Completed Approved Form and Correctness Completed 11/07/2022 7:21 PM Meeting Completed 11/17/2022 9:00 AM Unsigned by the Mayor Completed 11/22/2022 11:36 AM Signed and Attested by the City Clerk Completed 11/22/2022 12:02 PM Rendered Completed 11/28/2022 3:50 PM City of Miami Legislation Resolution Enactment Number: R-22-0435 File Number: 12919 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Final Action Date:11/17/2022 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE TRANSFER OF THE WORKFORCE AND AFFORDABLE HOUSING PROJECT AT 1785 NORTHWEST 35TH STREET, MIAMI, FLORIDA, TO DULCE VIDA APARTMENTS, LLC, A FLORIDA LIMITED LIABILITY COMPANY ("DULCE VIDA"), WHICH IS AN AFFILIATE ENTITY OF MIAMI BETHANY COMMUNITY SERVICES, INC., A FLORIDA NOT FOR PROFIT CORPORATION ("MIAMI BETHANY"); FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY. FOR SAID PURPOSE. WHEREAS, the City of Miami ("City") is the fee simple owner of the property located at 1785 Northwest 35th Street, Miami, Florida ("Property"); and WHEREAS, the City Commission adopted Resolution No. R-21-0447 on October 28, 2021, authorizing the City Manager to negotiate and execute a quitclaim deed, in a form acceptable to the City Attorney, to convey the Property to Miami Bethany Community Services, Inc., a Florida not for profit corporation ("Miami Bethany"), pursuant to Section 29-B(a) of the Charter of the City of Miami, Florida, as amended, for the purpose of redeveloping the Property into workforce and affordable housing ("Project"), subject to a various restrictions provided therein, including but not limited to the continuous operation of the existing Allapattah Public Branch Library and the development of a new library within the Project; and WHEREAS, the conveyance of the Property shall be subject to an automatic reverter provision requiring workforce and affordable housing on the Property and related restrictions in accordance with the Project for thirty (30) years; and WHEREAS, Miami Bethany is seeking City Commission approval to grant the City Manager the authority to convey the Property to an affiliate entity of Miami Bethany that is qualified to develop the Property in accordance with the requirements for the Project, Dulce Vida Apartments, LLC, a Florida limited liability company ("Dulce Vida"); and WHEREAS, Miami Bethany will have a membership interest in Dulce Vida, provided that Miami Bethany will have no liability for any debts or other financial obligations of the limited liability company; 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 herein as if fully set forth in this Section. Section 2. The City Manager is authorized' to convey the Property to Dulce Vida, which is an affiliate entity of Miami Bethany, in furtherance of the Project, subject to the requirements set forth in Resolution No. R-21-0447. Section 3. The City Manager is authorized' to negotiate and execute any and all necessary documents, including amendments, all in forms acceptable to the City Attorney, for said purpose. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: 1 i ria i "ndez, y Attor ey 111712022 ' The herein authorization is further subject to compliance with all legal requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions Z If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission.