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HomeMy WebLinkAboutR-01-1074J-01.-822 9/14/01 RESOLUTION NO. A RESOLUTTON OF THE MIAMI CITY COMMISSION RESCINDING, IN ITS ENTIRETY, RESOLUTION NO. 01-767, ADOPTED JULY 26, 2001, AND SUBSTITUTING IN LIEU THEREOF THE HEREIN RESOLUTION; AUTHORIZING THE CITY MANAGER TO ALLOCATE FUNDS, IN AN AMOUNT NOT TO EXCEED $900,000,, AT A DULY ADVERTISED PUBLIC HEARING, AS A GRANT TO KAPUSTYN CORPORATION AND A JOINT PARTMERSHTP, TO BE DETERMINED IN NOT MORE THAN 90 DAYS, FOR THP REDEV2LOPMENP OF A1\T AFFORDABLE HOUSING CONDOM*INIUM PROJECT KNOWN AS FLAGLER FIRST.' CONDOMINIUM, LOCATED AT 101 FAST FLAGLER STREET, MIAMI, FLORIDA; CONDITIONING SAID AUTHORIZATION UPON KAPUST.T.N PROVIDING EVIDENCE OF FIRM FINANCING FOR I. -HR, FULL PROJECT AND THE RECEIPT OF A FULL AND COMPLETE APPRAISAL OF '.-UHE PROPOSED PROJECT ACCEPTABLE TO THE CI.TY OF MIAMI; ALLOCATING FUNDS FROM THE AFFORDABLE HOUSING TRUST FUND ACCOUNT CODE NO. 36701; AUTHORIZING THE CITY MANAGER TO FXE'CUTE ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. WHEREAS, on July 26, 2001, the City Commission adopted Resolution No. 01-767, which authorized a grant, in an amount noc to exceed $900,000, to 1(aptistin Corporation and a joint partnership, for the redevelopment of an affordable housing condominium project known as Flagler First Condominium, located at 101 East Flagler Street, Miami., ami, Florida, subject to certain conditions; and WHEREAS, Resolution No. 01-•767 was adopted without the required public hearing; NOW, THEREFORE, BE IT RESOLVRD BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section !, The recitals and findings contained in the, Preamble to this Resolut.-ton are adopted by reference and incorporated as if fully set forth in this Section. Sect-ion 2. Resolution No. 01-767, adopted July 26, 2001, is rescinded in its entirety, and the herein Resolution is substituted in lieu thereof. Section 3. At a duly advertised public hearing, the City Manager is authorized to allocate funds, in an amount not to exceed $900,000, as a grant to Kapustin Corporation and a joint partnership, ro be determined in not more than 90 days, for the redevelopment of an affordable housing condominium project known as Flagler First Condominium, located at .101. East Flagler Street, Miami, Florida, with funds allocated from the Affordable Housing Trust Fund Account Code No. 36701. Section 4. This authorization A. s conditioned upon Kapustin providing evidence of firm financing for tkie full. project and the receipt of a full and complete appraisal of the proposed project acceptable to Lhe City of Miami. 1)age 2 of 3 Section S. The City Manager is authorized') to execute all necessary documents, in a form acceptable to the City Attorney, for said purpose. Section 6. This Resolution shall become effective immediately upon its adoption and signature of. the Mayor..21 PASSED AND ADOPTED this _ 11th day of October 2001 JOE CAROLLO, MAYOR t".:�itA''c":f`,t"i'.. .Ntfi ii ;A. �!: i.......,. �:i'_ :r:•'��t. �il'�if" !f1�� Mayar did not indicate approve of :i'f :fi �'i' i�4t�J' 'Pc;111 tilu Clam of Ciornnil --en •....,;Cif . .. ,. . ,ar;u� �rVlEili�i.tl YIiC: iviFa�(��( ri:i3t'k`iZifl ;1f9. �� ATTEST: WALTER J. FOEMAN C'_ITY CLERK APVROV AS T F �J VI LARELLO CIT ATTORNEY L '664 -.BSS AND CORRECTNESS :e., k -V City Cleric ' The herein authorization is further subjeC,L to compliance with ail requirements Lhat. may be imposed by L -he City Attorney, including bur: not: J.imi.Led to those prescribed by applicable City CharCc:r and Code p2'OVi E' lOiiH . If the Mayor does not: sign this Resolution, it shall become effective aL tho end of ton caleridar days from the clate it: wa:: paserci and adopted. If the Mayor' vetoes Lhis RC801Ut:i0l] iL shall become effective, i.mmed .acely upon override of the veto by the City Cotnmissioii. Page 3 of 3 • • CITY OF MIAMI. FLORIDA INTER -OFFICE MEMORANDUM is TO The Honorable Mavor and DATE Members of the City Commission SUBJECT: Resolution to Rescinding Allocation of Funds from the Affordable Housing Trust Fund to Kapustin Corporation FROM: lme Z REFERENCES: City Manag Resolution ENCLOSURES: RECOMMENDATION It is respectfully recommended that the City Commission adopt the attached Resolution rescinding in its entirety Resolution No. 01-767, adopted July 26h, 2001 and authorizing the City Manager to allocate funds, in an amount not to exceed $900,000 at a duly advertised public hearing as a grant to Kapustin Corporation and a Joint Partnership, to be determined in not more than 90 days, for the redevelopment on an affordable housing condominium project known as Flagler First Condominium located at 101 East Flagler Street Miami, Florida. BACKGROUND The Department of Real Estate and Economic Development prepared legislation pertaining to the redevelopment of an existing conunercial building located at 101 East Flagler Street in the downtown central business district which was adopted by the City Commission July 26, 2001. During the course of the July 26`h 2001 Commission meeting concerns were raised regarding the item. Specifically, the question whether such funds could be allocated without an advertised public hearing. It is the determination of the City Attorney that in fact "An advertised public hearing is a pre -requisite to the proposed funding in accordance with City Code section 2-413." Therefore, in order to comply with the City Attorney's findings and recommendation, attached is legislation rescinding Resolution No. 01-767, further recommending the award in a duly advertised public hearing an amount not to exceed $900,000 from the Affordable Housing Trust Fund Account Code No. 36701 to Kapustin Corporation and a Joint Partnership, to be determined in no more than 90 days, for the redevelopment of an affordable housing project known as Flagler First Condominium CAG/DB/ARW/k 4 .r � t0'd 'Iii O1 1 . NOTIM TO TM 1•{1N1.10 A public hsaft w11 be heW tW the Oty Canmrasfot+ Of lha City of Miami. Fbits, on 2000 11 . 2Wt at 909426 to aha CBy ConrWaalen Chambers ai City Ma", ftm%d at mw Po+ Amarlan Drive. Miard, Fbri- da, to sward an amount not, to * r ed $800.000 iron+ rite AM, Whls Mowing Tnnt Fund to Kapuatln CapaaYon and a joint parlrwnnip, for the tedwraiopmerd of an aNetdable hewlnQOondominium Project WAwn as F40or *sl Condornlniwn, located at 101 East Flaplor Street Wsmi, Florida. AA intotootad posers wtnr irwROC to appear and may be heard oon0eminp 1111. mailer. Foraddillortal Infotmolon and pwsible achaWe enaWa, please Contact the bapafflmnt of Reel Estate end Ecommlc Doelopr ont at (90:) 419-/435 Wsher J. Forman o CIN Clerk 003822 iu2e 01.34b200822M W] DAILY BUSINESS REVIEW PROOF Customer CITY OP MIAMI Comsat; CITY OF MIAMI Phone, 3054161444 Ad Number. 200622 PO Number/Cast No. PO 3622 Insert Dales; 09/28/2001 Price: 45.80 Section: PUH Class: 701 Size: 2x3.00 Printed By; DHROFL Dane; 09n712001 Signature of Approval: _ _ Dau: U I S@iti©'d ��99Lr�S8� Mgir)3! WS3N1gr19 !. ;1Hof