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Home My WebLink AboutR-00-0347J-00-368 4/18/00 RESOLUTION NO. 00— 7 A RESOLUTION OF THE MIAMI CITY COMMISSION AMENDING RESOLUTION NO. 00-90, WHICH AUTHORIZED THE CITY MANAGER TO ALLOCATE $742,000 IN STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM FUNDS, TO CORRECTLY REFLECT THE LEGAL NAME OF THE DEVELOPER AWARDED FUNDS IN THE AMOUNT OF $342,000 IN CONNECTION WITH THE FINANCING OF THE PROPOSED BISCAYNE EAST TOWNHOMES PROJECT PLANNED IN THE EDISON-LITTLE RIVER NEIGHBORHOOD. WHEREAS, Resolution No. 00-90, adopted January 27, 2000, allocated $732,000 in State Housing Initiatives Partnership ("SHIP") Program funds to the Little Haiti Housing Association, Inc. and Habitat for Humanity of Greater Miami, Inc. in connection with the development of forty-nine (49) units of homeownership housing in the Edison -Little River and Overtown neighborhoods; and WHEREAS, the name of the entity for the development of the proposed 19 unit Biscayne East Townhomes Project as set forth in Resolution No. 00-90 did not accurately reflect the legal name of the joint venture entity which will receive the City funding to develop and market the project; and CITY COMMOMM FAE Tma Ow APR 2 7 2090 Rssolutim No - 3 47 n 0 WHEREAS, prior to the execution of the agreement between the City and the developer, Resolution No. 00-90 must be amended to properly reflect the accurate legal name of the entity which will be responsible for receiving the SHIP Program funds from the City in connection with the financing of the proposed housing project; 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. 00-90, adopted January 27, 2000, is amended in the following particulars:" Resolution No. 00-90 Section 2. Funding in the amount of $742,000 in State Housing Initiatives Partnership Program funds are hereby allocated to the following not-for-profit housing corporations for undertaking site acquisition and predevelopment activities in connection with the i 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 2 of 3 i 347 development of new affordable homeownership housing units in the City, as specified in the amount indicated below: Organization: Type of Assistance: Amount L-rule—Ha-' Land Acquisition Asseeiatien,in — Pre -Development $342,000 Banyan Townhomes, L.L.C. Habitat For Humanity Land Acquisition .$400,000 Of Greater Miami, Inc. Section 3. This Resolution shall become effective upon its adoption and signature of the Mayor.2/ PASSED AND ADOPTED this 27th day April , 2000. JOE CAROLLO, MAYOR In accordance with Miami Code Sec. 2.36, since the Mayor did not indicate approval of !^islation by signing it in the designated place provided, said legislation . ,;rnes effective with the elapse of ten (10) days f rqo the date of Commis ATTEST: regarding same, without the Mayor exercising. e . WALTER J. FOEMAN CITY CLERK C, RECTNESS AND FORM 81 1VLJLCV V 1J.JrizCr-LLV ATTORNEY W4334:RCL 41 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 3 00 3 7 CITY OF MIAMI, FLORIDA 10 INTER -OFFICE MEMORANDUM TO: The Honorable Mayor and Members of the Ci ommission FROM: o aid H. Warshaw DATE: PP 1 7 20nri FILE: SUBJECT: Resolution Amending Resolution No. 00-90 REFERENCES: Biscayne East Townhomes Project City Manager ENCLOSURES: City Commission Agenda Meeting of April 27, 2000 RECOMMENDATION: It is respectfully recommended that the City Commission adopt the attached resolution, amending Section 2 of Resolution No. 00-90 adopted January 27, 2000, to properly reflect the legal name of the joint venture developer which will receive the $342,000 in State Housing Initiatives (SHIP) Program funding awarded by the City in connection with the financing of the proposed Biscayne East Townhomes Project planned in the Edison -Little River neighborhood. BACKGROUND: In January of 2000, through Resolution No. 00-90, the City Commission allocated $732,000 in SHIP Program funding to the Little Haiti Housing Association, Inc. and Habitat for Humanity of Greater Miami, Inc. in connection with the construction of forty-nine (49) units of homeownership housing in the Edison -Little River and Overtown neighborhoods. The original funding proposal submitted to the City identified the joint venture entity between the Little Haiti Housing Association and Al Townsel, Inc. as the Biscayne East Partnership. Acting on the advise of their attorneys and certain requirements mandated by the Local Initiatives Support Corporation (LISC) which will be providing the construction financing for the project, the joint venture partners have formed a new legal entity. The newly established legal entity, Banyan Townhomes, L.L.C. is a limited liability company in which the Little Haiti Housing Association holds a fifty-one percent (51%) majority interest. Presently, above referenced resolution does not accurately reflect the legal name of the joint -venture entity which will receive the City's funding and be responsible for the construction and marketing of the proposed Biscayne East Townhomes Project. As a result, prior to the execution of an agreement between the City and the developer, it is necessary to correct the record to accurately reflect the legal name of the joint venture entity that will be receiving the City's funding in connection with the financing of the project. TEL ! Feb 14'00 J-00-54 2/7/00 n RESOLUTION NO. v o ~ .90 14:51 No -012 P.b1 A RESOLUTION OF THE MIAMI PITY COMMISSION AUTHORIZING THE CITY MANAG R TO ALLOCATE $742,000 IN STATE HOUSI G INITIATIVES PARTNERSHIP PROGRAM ("SHIP") FUNDS TO THE LITTLE HAITI HOUSING ASSOCI TION, INC. AND HABITAT FOR HUMANITY OF GREA ER MIAMI, INC. IN CONNECTION WITH THE EVELOPMENT OF APPROXIMATELY FORTYiNINE (49) UNITS OF AFFORDABLE HOMEOWNERSHIP H USING IN THE NEIGHBORHOODS OF EDISON-LI TLE RIVER AND OVERTOWN; AUTHORIZING THE ITY MANAGER TO ALLOCATE SAID SHIP PROGRAM FUNDS IN THE AMOUNT(S) SPECIFICALLY STATED IN SECTION 2 OF THIS RESOLUTION; FURTHER AUTH RIZING THE CITY MANAGER TO EXECUTE INDIVID AL CONTRACTUAL AGREEMENT(S) WITH THE AFORMENTIONED NOT-FOR-PROFIT HOUSING DEVEL PERS IN A FORM ACCEPTABLE TO THE CITY ATT MY, FOR SAID PURPOSE, SUBJECT TO CER IN TERM AND WHEREAS, there exists in the City §f Miami ("City") a severe shortage of affordable housing for f very low,'low and moderate income; and WHEREAS, the City Commissi lies and individuals of recognizes that the participation of both the public and private sector are necessary to foster the development 'of.housing affordable to very low, low and moderate income families and individuals in the Ci-ty;-and WHEREAS, the City has established through its Five (5) Year Consblidated Plan a goal in developing 1,000 new homeownership units on an annual basis over the next Ifive (5) years; and JAN 2 7 2000 re TES'._ Feb 1.6100 14:52 No .012 P.02 WHEREAS, on October 2.9' 1999', funding proposals were received from both not-for-profit nd for' profit hotising developers. in response to the City's 'Request For Proposal for e funding under the Community. Development' Block Grant ("CDBG"). HOME INVESTMENT PARTNERSHIP ("HOME,), tate., Housing. Initiatives Partnership ("SHIP°,) , and Housing Oppo tunities for., Persons. With Aids ("HOPWA") Programs; and WHEREAS,`based on the .funding prop sale received by the City for SHIP Program funds in response to the RFP, it is recommended that 'the Little Haiti HousingAspociat'on, Inc. and Habitat For Humanity of _Greater Miami, Inc. recei a SHIP Program funds for the purpose of undertaking land cquisition and project predevelopmenr- acciv16.i=-Z ciAVPlooment of 1 forty-nine (49) new single family housing units in the City; NOW, TH MPORE, BE IT RESOLVED BY THE COMMISSION OF.THE CITY OF MIAMI, FLORIDA: ' Section 1. The recitals and f ndings contained in the Preamble to this Resolution are her by adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2 Funding 'in 'the -amoint of, $742,000 in State Housing Initiatives Partnership Pr gram funds are thereby allocated to the following not -for -p of it housing corporations for undertaking site acquisition and ptedevelopment activities in I4. 7 . Page 2 0£ 4 � TE` Feb ?-A'00 14:52 No.012 P.03 connection with the development of new; affordable homeownership housing units in the City, as specifie below: Organization: TVDe Little Haiti Housing Land Association, Inc. Pre-' Habitat For Humanity Land Of Greater Miami, Inc. in'the amount indicated sigtance: Amount sition $342,000 pment sition "' $400,1000 Section 3. The City Manager is hereby authorizedv to execute individual contractual agreement(s), in a form acceptable to the City Attorney, with the aforeme tioned not-for-profit and for-profit housing corporations, for t e amount(s) specified for each, for the purpose of providing financial assistance in connection with site acquisition and predevelopment costs associated with the development of approximately forty-nine (49) units of homeownership housing in the City. Construction on each of the proposed housing projects must be underway within twelve (12) months from the date of City CoMLIssion action. The City Attorney is hereby directed to incoorate language in each individual warranty deed that the ownership will vest in the City of Miami in the event construction is not underway within twelve (12) months from the date of City Commission action. 1 �i The herein authorization is further requirements that may be imposed by the limited to those .prescribed by app] provisions. Page 3 of 4' eject to compliance with all ty Attorney, including but not able city Charter and Code 00-"� TSL'' Feb 1'1'00 14:53 No -012 P.04 Section 4. This Resolution shall, become effective immediately upon its adoption and.signature of the Mayor.ay PASSED AND ADOPTED this 27th day of. January , 2000. 40E CAROLLO, MAYOR In accordance with Alum; Ccd2 Si c. 2-12R. since the mav-r 11jA m,Rt E,:d�c to rp�•'v::f of thus fy� uiGtivn h�: •.: .n ��_ N:��^,: :q.::�� =�h i..�1'r�.. �;/ !•:' •moi ��'1�.::�wi�:.n :fy �N becomes cilpelIvG "1/Wi.0w regarding game, w1thoUt ine idaia er .• ATTEST :W Ire . Fnfim, Coy Cie* WALTER J r ur ruauv CITY AP OVED FO AND CORRECTNESS MRO VIILARELLO - C ATTORNEY W4068:RCL r 1 V 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 '4 of ;4