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Home My WebLink AboutR-01-0368J-01-245 4/16/01 RESOLUTION NO. 01— 368 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING AND DIRECTING THE ALLOCATION OF HOME INVESTMENT PARTNERSHIPS PROGRAM FUNDS, IN THE AMOUNT OF $141,290, TO EVERGLADES CENTER APARTMENTS PARTNERSHIP TO FINANCE INCREASED CONSTRUCTION COSTS FOR THE EVERGLADES CENTER APARTMENTS PROJECT, A 42 -UNIT BUILDING, TO BE LOCATED AT 282 NORTHEAST 2" STREET, MIAMI, FLORIDA; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. WHEREAS, in April 1997, the City of Miami's Housing Loan Committee approved financial assistance to Everglades Center Apartment Partnership, the developer and sponsor of the then proposed 42 unit Everglades Center Apartments Project, to convert and rehabilitate a commercial property located at 282 Northeast 2nd Street, Miami, Florida, into residential housing (the "Project"); and WHEREAS, HOME Investment Partnerships Program funds in the amount of $629,580 and in Community Development Block Grant CITY COQ MEETING OF APR 2 6 2001 xesoa.uion UP. Oi- 368 Program funds of $200,000 were allocated by the City of Miami for said purpose; and WHEREAS, in November, 1997, the Department of Building and Zoning required certain changes to the conversion/rehabilitation plans which resulted in a substantial increase in the cost of the Project, creating an shortfall of approximately $400,000; and WHEREAS, on December 8, 1998, by Resolution No. 98-1211, the City Commission authorized the allocation of $320,000 in Housing Opportunities for Persons With AIDS ("HOPWA") Program funds to Everglades Center Apartments Partnership for the Project; and WHEREAS, the HOPWA Program funds can be made available only to a not-for-profit entity; and WHEREAS, on July 27, 1999, by Resolution No. 99-559, the City Commission rescinded Resolution No. 98-1211 and allocated $320,000 in HOME Program funds in connection with the financing of the Project; and WHEREAS, the developer has again experienced increased construction costs, and has requested an additional funds of $141,290 for the Project; and WHEREAS, it is recommended that the City Commission authorize and direct the allocation of an additional $141,290 of HOME Program funds for the aforementioned purpose; Page 2 of 4 01— 368 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 allocation of HOME Investment Partnerships Program funds in the amount of $141,290 to Everglades Center Apartments Partnership to finance increased construction costs for the Everglades Center Apartments Project, a 42 -unit building to be located at 282 Northeast 2nd Street, Miami, Florida. Section 3. The City Manager is authorized'I to execute the necessary documents, in a form 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/ 1� The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions. 2/ If the Mayor does not sign this Resolution, it shall become effective at the end of ten 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 3 of 4 01— 368 PASSED AND ADOPTED this 26th day of April , 2001. JOE CAROLLO, MAYOR In accordance with Miami Code Sec. 2-36, since the Mayor did not indicate approval of :pis legislation by signing it in the designated pare pio;`ided, said iep`; uVJ becomes effective with the elapse of tsn (10) days c ercis thy: date Comm:�; ar, regarding same, without the Mayor ATTEST: WALTER J. FOEMAN CITY CLERK plirwr-V ILm- .MzILILV ATTORNEY 5163:LB:BSS J. 5rg1lei. CitV Cierk CORRECTNESS:6 Page 4 of 4 0' 3 9 0 CITY OF MIAMI, FLORIDA 10 INTER -OFFICE MEMORANDUM TO: Honorable Mayor and DATE :FILE : Members of the City Commission APR 17 r,101 SUBJECT: Allocation of HOME Funds to Everglades Center Apartments Partnership FROM: �� 4PL, REFERENCES: da'rlos A. Gimenez ENCLOSURES: City Commission Agenda City Manager April 26, 2001 RECONEWENDATION: It is respectfully recommended that the City Commission adopt the attached Resolution allocating $141,290 of Home Investment Partnership Program (HOME) funds to Everglades Center Apartments Partnership to finance the Everglades Center Apartments Project and further authorizing the City Manager to execute the necessary documents, in form acceptable to the City Attorney, for said purpose. BACKGROUND In April 1997, the City of Miami Housing Loan Committee approved an allocation of $629,580 in HOME funds and $200,000 in Community Development Block Grant (CDBG) funds to Everglades Center Apartment Partnership, an entity consisting of the Downtown Realty Investment Corporation and Kapustin Corporation, for the conversion/rehabilitation of a commercial property into the 42 unit Everglades Center Apartment Project located at 282 Northeast 2 Street. After the loan closing in November 1997, the Department of Building and Zoning required changes to the conversion/rehabilitation plans that resulted in substantial increases in the cost of the project, thereby creating an approximate shortfall in the amount of $400,000 to construct the apartment complex. To address this shortfall, at its meeting of July 27, 1999, the City Commission adopted Resolution No. 99-559 allocating an additional $320,000 of HOME funds for the Everglades Center Apartment Project. Subsequently, the developer has experienced increased construction costs and requested additional assistance from the City in the amount of $141,290 to complete the project. The Department of Community Development has identified HOME funds to meet cover the increased construction costs. It is recommended that the City Commission adopt the proposed resolution that allocates $141,290 in HOME funds for the to provide the required financing to complete the Everglades Center.Apartment Project. DB/4W/DF 01- 368 J-99-574 7/2/99 RESOLUTION NO. 99- 559 A RESOLUTION OF THE MIAMI CITY COMMISSION RESCINDING RESOLUTION NO. 98-1211, ADOPTED DECEMBER 8, 1998, WHICH ALLOCATED $320,000 IN HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS (HOPWA) PROGRAM FUNDING TO THE PROPOSED EVERGLADES CENTER APARTMENTS PROJECT; AUTHORIZING AND DIRECTING THE CITY MANAGER TO ALLOCATE $320,000 IN FY 1998-99 HOME INVESTMENT PARTNERSHIP (HOME) PROGRAM FUNDS TO THE EVERGLADES CENTER APARTMENTS PROJECT, CONSISTING OF 42 UNITS, TO BE LOCATED IN THE DOWNTOWN TARGET AREA AT 282 NORTHEAST 2ND STREET, MIAMI, FLORIDA, BY EVERGLADES CENTER APARTMENTS PARTNERSHIP; AUTHORIZING THE CITY MANAGER TO SUBMIT AN AMENDMENT TO THE CITY OF MIAMI'S 1998 ANNUAL ACTION PLAN TO THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR THE ALLOCATION OF SAID FUNDS, AND TO EXECUTE THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. WHEREAS, in April 1997, the City of Miami's Housing Loan Committee approved financial assistance to Everglades Center Apartment Partnership (the "Partnership'), which consists of the Downtown Realty Investment Corporation and Kapustin Corporation, the sponsor of the proposed 42 unit Everglades Center Apartment Project, which involves the conversion/rehabilitation of a commercial property into residential housing reuse located at 282 JUL 2 7 1999 Aft �0. 01- 368 Northeast 2nd Street, Miami, Florida; and WHEREAS, approximately $629,580 in HOME Investment Partnership Program funds and $200,000 in Community Development Block Grant Program funds have been previously allocated by the City of Miami for said purpose; and WHEREAS, in November 1997, a loan closing was held by the Department of Community Development, and the Partnership commenced the process of pulling building permits for the proposed project; and WHEREAS, at that time, the Department of Building and Zoning required certain changes to the conversion/rehabilitation plans which have resulted in substantial increases in the cost of the project, creating an approximate short fall in the amount of $400,000; and WHEREAS, at the December 8, 1998, City Commission meeting, through Resolution No. 98-1211, the City Commission authorized the City Manager to allocate $320,000 in Housing Opportunities for Persons With AIDS (HOPWA) Program funds to the Everglades Center Apartments Partnership, in connection with the proposed project; and WHEREAS, it has been determined that the HOPWA Program funds - 2 - pi- 368 can only be made available to a not-for-profit entity, and that the Program regulations preclude for-profit entities from receiving HOPWA funding; and WHEREAS, it is recommended that the City Commission authorize the allocation of funding from the City's FY 1998-1999 HOME Program funds in the amount of $320,000 for the development of the Everglades Center Apartments Project, and authorize the City Manager to submit an amendment to the City of Miami's 1998 Annual Action Plan for the allocation of said funds and execute the necessary documents; 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 hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. Resolution No. 98-1211, adopted by the City Commission on December 8, 1998, is hereby rescinded. Section 3. The City Manager is hereby authorized to - 3 - 01- 368 r'"'_ 10,.E allocate funding from the City's FY 1998-1999 HOME investment Partnership (HOME) Program, in the amount of $320,000 for the development of the Everglades Center Apartment Project, consisting of 42 units, to be located in the Downtown Target Area at 282 Northeast 2nd Street, Miami, Florida, by Everglades Center Apartments Partnership. Section 4. The City Manager is hereby authorized) to submit an amendment to the City of Miami's 1998 Annual Action Plan to the U.S. Department of Housing and Urban Development for the allocation of said funds, and to execute the necessary documents, in a form acceptable to the City Attorney, for said purpose. Section 5. This Resolution shall become effective The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not .limited to those prescribed by applicable City Charter and Code provisions. - 4 - 01-- 368 r immediately upon its adoption and signature of the Mayor ./ PASSED AND ADOPTED this 27th day of July , 1999. JOE CAROLLO, MAYOR In accordance with Nam! Code Sec. 2-36, since the Mayor did not irxMM apyo00el °E this iegisiation by signing it in the designated place provided. said legislation r= becomes effective with the elapse of ten 00) da frac th to of COMMI regarding same, without the Mayor rc o. ATTEST: • W iter n, City Cleric WALTER J. FOEMAN CITY CLERK 3 :2� zi If the Mayor does not sign this Resolution, it shall become effective at the end of ten 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. - 5 - TOTAL P.it 01- 368 J--98,1239 12/8/98 u RESOLUTION NO. "-1211 A RESOLUTION AUTHORIZING TE[E CITY MANAGER TO ALLOCATE FUNDS FROM THE FY 1998-1999 HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS ("HOPWA") PROGRAM, IN THE AMOUNT OF $320,000, FOR THE DEVELOPMENT OF THE EVERGLADES CENTER APAR774ENT PROJECT, CONSISTING OF 42 UNITS, TO BE LOCATED IN THE DOWNTOWN TARGET AREA AT 282 NORTHEAST 2"'D STREET, MIAMI, FLORIDA, BY EVERGLADES CENTER APARTMENTS PARTNERSHIP; AUTHORIZING THE CITY MANAGER TO SUBMIT AN ANDWMENT TO THE CITY OF MIAMI'S 1998 ANNUAL ACTION PLAN TO THE U.S. DEPARTK NT OF HOUSING AND URBAN DEVELOPMENT FOR THE REALLOCATION OF SAID FUNDS, AND TO EXECUTE THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. WEMRSAS, in April 1997, the City of Miami's Housing Loan Committee approved financial assistance to Everglades Center Apartment Partnership (the "Partnership"), which consists of the Downtown Realty Investment Corporation and Kapustin Corporation, the sponsor of the proposed 42 unit Everglades Center Apartment Project, which involves the conversion/rehabilitation into residential housing reuse of a commercial property located at 282 Northeast 2nd Street, Miami, Florida; and MzERBAS, approximately $629,580 in HOME Investment Partnership Program funds and $200,000 in Community Development L0'd 0i9T SSe S02 01- 368 30 I --WO SAd3-D Ai K) cm � NMETMG OF DEC 0 8 IM 4 4— ZT:6t TOOZ-Zt-Ndd Block Grant Program funds have been allocated by the City of Miami for said purpose; and WHEREAS, in November 1997, a loan closing was held by the Department of Community Development, and the Partnership commenced the process of pulling building permits; and WHEREAS, the Department of Building and Zoning required certain changes to the conversion/ rehabilitation plans which has resulted in substantial increases in the cost of the project, creating an approximate short fall in the amount of $400,000; and WHEREAS, the Partnership is seeking an additional $320,000 in City financial assistance to move forward with the proposed project; and WHEREAS, it is recommended that the City Commission authorize the allocation of funding from the City's FY 1998-1999 HOPWA Program funds, in the amount of -$320,000 for the development of the Everglades Center Apartment Project and authorize the City Manager to submit an amendment to the City of Miami's 1998 Annual Action Plan for the reallocation of said funds and execute the necessary documents; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY - 2 - 80'd 0i9T SSG S0£ 33Idd0 S>W3 0 U 1 01- 368, £t _��rd. \11 OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The City Manager is hereby authorized to allocate funding from the City's PY 1998-1999 Housing Opportunities for Persons with Aids ( "HOPWA") , in the amount of $320,000 for the development of the Everglades Center Apartment Project, consisting of 42 units, to be located in the Downtown Target Area at 282 Northeast 2nd Street, Miami, Florida, by Everglades Center Apartments Partnership, Section 3. The City Manager is hereby authorizedll to submit an amendment to the City of Miami's 1998 Annual Action Plan to the U.S. Department Of Housing And Urban Development for the reallocation of said funds, and to execute the necessary documents, in a form acceptable to the City Attorney, for said 1� The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Code provisions. 01- 368 3 - 60'd 0T9T ese S0£ 30Ii-10 S>rc= Al IO £T:6T T00Z-ZT-ddU 0T'd 1d101 purpose. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2./ PASSED AND ADOPTED this Rth day of D rPmibPr , 1998. JOE CAROLLO, MAYOR in aaortiartCe wRh Miami Code Sec. 2-36, since the Mayor did not indicate approval of Ift bgfsiatlon by signing it In the designated place provided, said legislation I loL, t6tcu 'a effective with the elapse often (10) d ys from the date of Commission action same, without the Mayor ex veto. ATTEST: W . F eman, City Cle& WALTER J- FORMAN CITY CLERK NESS .-V 2/ If the Mayor does not sign this Resolution, it shall become effective at the and of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective i=nediate3.y upon override of the veto by the City Cone►ission. 01- 1 _ 3 6 Q O 0T'd 0T9T ese S0£ 30Idd0 SA83-0 A113 bT:GT T00Z-ZT-8dti 111at are .001vow fe pun'' Johid It •tack' I scard, hays #* ovotom sucli hwk* mWerits, or ve* •1 to service I* w4affWasm proposal to be: PI&A up -PUBLIC.: HEARING NOTICE REGARDING .'GRANT. PROGRAMS ADMINISTERED BY THE DEPARTMENT OF COMMUNITY DEVELOPMENT The Miami City Commission will hold a Public Hearing to discuss issues relating to griant programs - administered by the Department of Community Development.- The Public Hearing will be hold:-:. Thursday, AprN 26, 2001 at 9= A -M. CltV of Miami Commission Chamber 3500 Pon American Drive Miami. Florida 39133 The Agenda items relating to the aforementioned Public Hea-,lng wilt include: Dideuislon and - proposed resolution allocating $141,290 of Home. Investment'. - Partnership Program (HOME) funds to Everglades, Center Aparftenti'.* Partnership to finance the Everglades Center Apartments ProlecL 2.* Discussion and proposed' resolution to rollover the accounts of uncompleted prior year projects to the, current' Fiscal Year (FY'2000-2001), In. the,amounts'- of% $3,026,590.79 of Community pevetlopmiant Block Gram (61313G) Funds. $500,000 from the Sale Proceeds of. the St. Hugh Oak Condomirdurns and $114,156.17 of Housing 'Opportunities foir Persons with AID3 (HOPWA) funds, as specified below: C080 A ro2ect over Assoclatloh for the Development of the $ 5,500.00 Exceptional :- Root Repair Community Redevelopment Agency (CRA) "3.000,000-00 Neighbors and Neighbors 21,090.79 Gravid Total of CD Rollover Funds S 3,026P590.79 HQPWA Activi AMgUnt RaRed Ova Center for Haitian Studies $ 13.650.54• Mian Dade OCS Short Ten 100.605.63 Grand Total of HOPWA Rollover Ftxx% S 114,156.17 Pn=Wls of the SL HMO Oak 20dMinkuns Amount Railed G et Housing Loan Recovery Fund $. 6001000-00 3. Discussion and proposed resolution approving .the City of Ward Local Housing Assistance Plan for the period July 1, 2001I thr-mgh June V, 2004. pursuant to the City's participation in the State' Houshl Initiatives Partnership (SHIP) Program 4. Discussion and proposed ordinance creating and establishing the Model City. Homeownership Trust which will be responsible for provkkV oversight and Wiltalng the City's revitalization efforts and redevelopment activities to be undertaken In the Model City Homeownership Zone, subject to applicable City Code pr0VWWL Interested Wividuals are encouraged to attend this Public Hearing. The meeting site is accessible to 1he,handicapped. (AD NO. 0871533) A Of- 368 TUV/CfFV rTTVTUW wane 0/P . CTP . T�VJ eT!AT Tnn7/IT/*n