HomeMy WebLinkAboutR-03-0214J-03-177
2/26/03
RESOLUTION NO. 03— 214
A RESOLUTION OF THE MIAMI CITY COMMISSION
AUTHORIZING THE CONVEYANCE OF SIX CITY -OWNED
VACANT PARCELS LOCATED IN THE MODEL CITY
NEIGHBORHOOD TO PALMETTO HOMES OF MIAMI,
INC. AS DEVELOPER, AT NO COST, FOR THE
DEVELOPMENT OF SIX NEW SINGLE-FAMILY HOMES
AFFORDABLE TO FAMILIES AND INDIVIDUALS OF
LOW-INCOME, SUBJECT TO THE DEVELOPER:
(1) AGREEING TO PAY THE COST OF ELIMINATING
ALL TITLE DEFECTS EXISTING ON THE PARCELS,
(2) PROVIDING EVIDENCE ACCEPTABLE TO THE
CITY OF FIRM COMMITMENTS FOR PROJECT
CONSTRUCTION AND PERMANENT FINANCING FOR
PURCHASE BY QUALIFIED HOMEBUYERS,
(3) COMMENCING CONSTRUCTION WITHIN TWELVE
MONTHS FROM THE DATE OF CONVEYANCE BY THE
CITY, (4) COMPLYING WITH OTHER TERMS AND
CONDITIONS INCLUDING PARCEL REVERTER
PROVISIONS, AS DEEMED APPROPRIATE BY THE
CITY MANAGER AND THE CITY ATTORNEY, AND (5)
PROVIDING THE ADMINISTRATION WITH A STATUS
REPORT CONCERNING THE TITLE TO THE PARCELS
WITHIN NINETY (90) DAYS FROM THE DATE OF
CONVEYANCE; FURTHER AUTHORIZING THE CITY
MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS,
IN A FORM ACCEPTABLE TO THE CITY ATTORNEY,
FOR SAID PURPOSE.
WHEREAS, a severe shortage of affordable housing exists in
the City of Miami ("City") for families and individuals in the
low and moderate -income range; and
CITY CoreasSIO;i�F
MEM,NG OF
FED ? 7 2P03
Resolution No,
WHEREAS, pursuant to Resolution No. 99-429, adopted
July 22, 1999, the City Commission approved the City's proposed
Five -Year Consolidated Plan (1999-2004) ("Plan") for submission
to the United States Department of Housing and Urban Development
including, as a major component of the Plan, a housing strategy
designed to facilitate the annual creation of 1,000 new
homeownership units for purchase by very low, low and
moderate -income families; and
WHEREAS, the six parcels are located in the Model City
Community Revitalization District and the Model City
Revitalization Trust has confirmed that the development plan
proposed by Palmetto Homes of Miami, Inc. ("Developer") conforms
with the mission of the Model City Trust; and
WHEREAS, Section 29-B of the City Charter, as amended,
allows for the conveyance or disposition of City -owned property
in connection with the implementation of City -assisted housing
programs or projects intended to benefit persons or households
of low or moderate -income without competitive bidding
requirements and fair market value return to the City;
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.
Page 2 of 4
03- 214
Section 2. The conveyance of the following six parcels
at no cost to the Developer is authorized, subject to the
Developer (1) agreeing to pay the cost of eliminating all title
defects existing on the parcels, (2) providing evidence
acceptable to the City of firm commitments for project
construction and permanent financing for purchase by qualified
homebuyers, (3) commencing construction on the parcels within
twelve months from the date of conveyance to the Developer by
the City, (4) complying with other terms and conditions,
including reverter provisions for each parcel, as deemed
appropriate by the City Manager and the City Attorney, and
(5) providing the administration with a status report concerning
the title to the parcels within ninety days from the date of
conveyance:
1761 Northwest 55th Terrace,
1743 Northwest 41st Street,
1758 Northwest 48th Terrace,
1761 Northwest 47th Street,
1755 Northwest 55th Terrace,
821 Northwest 50th Street,
Miami, Florida
Miami, Florida
Miami, Florida
Miami, Florida
Miami, Florida
Miami, Florida
Section 3. The City Manager is authorized to execute
all necessary documents, in a form acceptable to the City
Attorney, for said purpose.
Page 3 of 4
03- 214
Section 4. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.''-�
PASSED AND ADOPTED this 27th day of February , 2003.
ATTEST:
PRISCILLA A. T OMPSON
CITY CLERK
CORRECTNESS:tj
TTORNEY
"W6967:tr:AS:BSS
EL A. DIAZ, MJ0
1� 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.
Page 4 of 4
.. 214
FEB -20-2003 17 31 C I TY QRS OFFICE 305 416 1019 P . 01 06
CITY OF MIAMI, FLORIDA 14 A
INTER -OFFICE MEMORANDUM
TO:;
Q :The onoTable yoY d
M m ers of T e Comm><>► on
FROM
PQ
OMIKENDATION:
FEB 2 0 2M
GATE:
FILE:
Conveyance o£City-owned
sueJECT: parcels to Palmetto Homes of
Miami, Inc.
pEF5aa"M : City Commission Agenda
ENCLOSURES: February 27, 2003
It is respectfully recommended that the City Commission adopt the attached Resolution
authorizing the conveyance of six (6) City -owned vacant parcels located in the Model City
neighborhood to Palmetto Homes of Miami, Inc., a for-profit corporation, as Developer at no
cost for the development of six (6) new single-family hones affordable to families and
individuals of low income; and further authorizing; the City Manager to execute alll necessary
document(s), in a form acceptable to the City Attorney, subject to applicable City Code
provisions.
BACKGROUND:
The Housing and Commercial Loan Committee approved HOME Program funds of S270,WO to
Palmetto Homes of Miami, Inc. (Developer) on September 13, 2002 for the development of six
(6) new single-family affordable homes in the Model City neighborhood. Unable to acquire the
properties specified iu the original proposal, the Developer has identified six (6) alternate vacant
parcels (Parcels) in the Model City neighborhood, which are owned by the City. On February 6,
2003, the Mousing and Commercial Loan Committee approved a change to the project to replace
the previouslyidentffied sites with scattered sites to be identified and approved by the City.
The Model City Revitalization Trust has confirmed that the Parcels identified by the Developer
and listed below are located in the Model City Community Revitalization District and that the
Developer's plan conforms to the overall mission of the Model City Trust
1761 NW 55 Terrace
1743 NW 41 Svect
1758 NW 48 Terrace
1761 NW 47 Street
1755 NW 55 Terrace
821 NW 50 Suva
On February 13, 2003, the City Commission directed the City Manager to bring a resolution for
the ttas nsfer of the Parcels located in the Model City Neighborhood to Palmetto Homes of Miami,
Inc. to the February 27, 2003 City Commission Meeting.
03- 214
FEB -20-2063 1732 CITY MPHqGERS OFFICE 305 416 1019 P.02/06
City Commission approval of this action would be subject to and contingent upon Palmetto
Homes of Miami, Inc.:
1) agreeing to pay the cost of eliminating all title defects existing on the parcels,
2) providing evidence acceptable to the City of firm commitments for project
construction and permanent ftnancing for purchase by qualified homebuyers,
3) commencing construction within twelve (12) months from the date of conveyance by
the City,
4) complying with other terms and conditions, including parcel reverter provisiorts, as
deemed appropriate by the City Manager mad the City Attomey, and
5) providing the administration with a status report concerning the title to the parcels
within ninety (90) days from the date of conveyance.
Palmetto Homes of Miaaaui, Inc. is required to commence construction on the City -owned parcels
within twelve (12) months from the date of conveyance by the City or said parcels will revert
back to the City.
It is recommended that the City Commission authorize the conveyance of the six (6) City -owned
vacant parcels located in the Model City neighborhood to Palmetto Homes of Miami, Inc. at no
cost for the development of six (6) new single-family homes affordable to families and
individuals of low income and subject to the provisions listed above and further authorize the
City Manages to execute all necessary document(s), in a form acceptable to the City Attorney,
subject to applicable City Code provisions.
The proposed Resolution does not have a budgetary impact on the General Fund.
471PER
03- 214