HomeMy WebLinkAboutR-02-1142J-02-950
10/10/02
RESOLUTION NO. 02-1142
A RESOLUTION OF THE MIAMI CITY COMMISSION,
WITH ATTACHMENT(S), AMENDING RESOLUTION
NO. 00-758, AS AMENDED BY RESOLUTION
NO. 02-1097, RELATING TO THE ACQUISITION OF
MULTIFAMILY PROPERTIES AT 1435, 1455 AND
1475 NORTHWEST 61ST STREET AND 1606 NORTHWEST
58TH TERRACE, MIAMI, FLORIDA, LOCATED IN THE
MODEL CITY REVITALIZATION DISTRICT, TO
DECREASE FROM FOUR TO THREE THE NUMBER OF
PROPERTIES TO BE ACQUIRED, THEREBY EXCLUDING
THE PROPERTY LOCATED AT 1606 NORTHWEST 58TH
TERRACE, AND TO REFLECT THE FUNDING SOURCES
FOR THE ALLOCATION OF A TOTAL OF $385,000
FOR THE ACQUISITION COSTS AS FOLLOWS: FUNDS
IN AN AMOUNT NOT TO EXCEED $300,000
ALLOCATED FROM COMMUNITY DEVELOPMENT BLOCK
GRANT (CDBG) PROGRAM INCOME FUNDS, AND FUNDS
IN AN AMOUNT NOT TO EXCEED $85,000 FROM
MODEL CITY REVITALIZATION TRUST FUNDS,
SUBJECT TO APPROVAL BY THE MODEL CITY
REVITALIZATION TRUST BOARD OF DIRECTORS.
WHEREAS, in the early 19901s, the City of Miami provided
assistance in the form of a second mortgage to Devecorp, Inc.,
in the amount of approximately $1,651,565, for the
rehabilitation of certain multifamily apartment buildings as
listed herein (the "Properties") and as legally described in
"Exhibit A", 1435 Northwest 61St Street, 1455 Northwest 61St
'ATTACH a T J
deb i
CITY COMMISSION
MEETING CIE
0 C T 1 n 2002
Resolution Mo.
02-1142
Street, 1475 Northwest 61St Street and 1606 Northwest 58th
Terrace, Miami, Florida; and
WHEREAS, the Properties are located in the City's
designated Model City Homeownership Zone, and the City's
acquisition of the Properties will be a significant step toward
the City's Comprehensive Neighborhood Revitalization Strategy
for the Model City Revitalization District; and
WHEREAS, Resolution No. 00-758, adopted
September 14, 2000, authorized the City Manager and City
Attorney to purchase the tax deeds and take all other actions
necessary to acquire the Properties, including execution of all
necessary documents for such acquisition; and
WHEREAS, it is in the City's best interest to take title
to the Properties in the form of a warranty deed and the seller
of the Properties has agreed to convey title to the City by
warranty deed; and
WHEREAS, pursuant to Resolution No. 02-1097, adopted
September 26, 2002, the City Commission authorized an increase
in funding in the amount of $85,000, from $300,000 to an amount
Page 2 of 5
02-1142
not to exceed $385,000, to be allocated from Community
Development Block Grant Program funds; and
WHEREAS, the City Administration and the Model City
Revitalization Trust Administration have reached an
understanding that, to consummate the acquisition of the parcels
(1) the property located at 1606 Northwest 58th Terrace is to be
excluded from the transaction, (2) $300,000 to cover the costs
associated with the acquisition and payments related to the subject
properties will be provided by CDBG Program Income funds, and (3)
$85,000 will be provided by the Model City Revitalization Trust,
subject to approval by the Model City Revitalization Trust
Board;
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. Resolution No. 00-758, adopted September 14,
2000, as amended by Resolution No. 02-1097, adopted
Page 3 of 5
02-1142
September 26, 2002, is further amended in the following
particulars:'/
"RESOLUTION NO. 00-758
Section 2. The acquisition of the following feur
444- three (3) multifamily properties as legally described
in "Exhibit A", attached and incorporated, is authorized:
1435 NW 61St Street, Miami, Florida
1455 NW 61St Street, Miami, Florida
1475 NW 61St Street, Miami, Florida
1606 PdkQ
Section 3. The allocation of Community
Development Block Grant (CDBG) pProgram Income funds, in an
amount not to exceed �'
'-5,-eP $300,000, and Model City
Revitalization Trust Funds, in an amount not to exceed
$85,000, for a total of $385,000 to cover the costs
associated with ate acquisition and payments related to the
subject properties is authorized.
Section 4. The City Manager and the City Attorney
are authorized to take the appropriate legal steps required
to acquire the subject multifamily properties.
Section S. The City Manager is authorizedl' to
execute all necessary documents, in a form acceptable to
the City Attorney, for said acquisition.
Section 6. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor .21
1/ Footnote omitted
z/ Footnote omitted
1� Words and/or figures stricken through shall be deleted.
Underscored words and/or figures shall be added. The remaining
provisions are now in effect and remain unchanged. Asterisks
indicate omitted and unchanged material.
Page 4 of 5
02-1142
Section 3. This Resolution shall become effective
immediately upon its adoption and signature of the Mayoral
PASSED AND ADOPTED this 10thday of October
ATTEST:
PRISCILLA A. THOMPSON
CITY CLERK
APPROV A 0 FO D CORRECTNESS
RELLO
Y ATTORNEY
W6684:BSS
2002.
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.
Page 5 of 5 0121 - 114 2
EXHIBIT "A"
ADDRESS: LEGAL DESCRIPTION: FOLIO NUMBER:
1435 Northwest 61St Street Lots 30 through 32 Inc., Block 01-3114-035-1870
10 of Orange Heights,
according to the Plat as
recorded in Plat Book 14, at
Page 62 of the Public Records
of Dade County, Florida.
1455 Northwest 61St Street Lots 33, 34 & 35 and E %2 of 01-3114-035-1890
Lot 36, Block 10 of Orange
Heights, according to the Plat
as recorded in Plat Book 14, at
Page 62 of the Public Records
of Dade County, Florida.
1475 Northwest 61" Street Lots 37, 38, 39 & W %2 of Lot 01-3114-035-1900
36, Block 10 of Orange
Heights, according to Plat as
recorded in Plat Book 14, at
Page 62 of the Public Records
of Dade County, Florida.
-1606 N'etLh ;Git Lots
10 Q 12 r1V�B 1Vrk-15 V
f
01 3114 035 2810
Terfaee Orange 7 p d•rj to
the Diit as-reeer-dd in Plat.
Booker-14, at imago 62 of t
Public I? eeerds of
County, Florida-.
42-1142