HomeMy WebLinkAboutR-00-0759J-00-787
9/13/00
R-00 `75 9
RESOLUTION NO.
A RESOLUTION OF THE MIAMI CITY COMMISSION BY
A FOUR-FIFTHS 4/5 T1' AFFIRMATIVE VOTE,
RATIFYING, APPROVING AND CONFIRMING THE CITY
MANAGER'S FINDING THAT IT .WAS ADVANTAGEOUS
AND PRACTICABLE FOR THE CITY MANAGER TO
EXPEND $138,787 IN HOME INVESTMENT
PARTNERSHIP PROGRAM FUNDS TO MAKE PAYMENT AND
SATISFY PRIOR YEARS REAL ESTATE TAXES FOR
1998 AND 1999 ON EIGHT (8) MULTIFAMILY
PROPERTIES LOCATED IN THE MODEL CITY AND
OVERTOWN NEIGHBORHOODS, PREVIOUSLY OWNED BY
MIAMI LIMITED, AND SUCCESSFULLY ACQUIRED BY
THE CITY OF MIAMI FOR HOUSING AND/OR
COMMERCIAL REUSE.
WHEREAS, at its meeting of June 22, 1999, the City
Commission, pursuant to Resolution No. 99-440, authorized the
City. Manager to purchase and acquire eight (8) vacant and
abandoned multifamily apartments buildings owned by Miami
Limited; and
WHEREAS, pursuant to said Resolution, the City Commission
further, directed the City Manager to acquire the property or
purchase the first mortgage interest from. First Union National
Bank, as trustee, pursuant to the Trust Indenture dated
November 1, 1984; and
CITY CC
SING or
SEP 1`''�000
o ate.
WHEREAS, Community Development Block Grant Program funds, in
an amount not to exceed $75,000, were allocated for this purpose;
and
WHEREAS, the City was successful in completing the
acquisition of the subject properties by acquiring First Union's
position in the foreclosure suit initiated against Miami Limited;
and
WHEREAS, as of May, 2000, approximately $138,787 for 1998
and 1999 Real Estate Taxes on the eight (8) properties under
City -ownership were outstanding; and
WHEREAS, payment in the above-mentioned amount was made by
the Department of Community Development to Miami -Dade County's
Tax Collector prior 'to securing City Commission approval to allow.
the City to take advantage of the four percent (4%) discount
available if payment was.received by the Tax Collector on or
before May 26, 2000; and
WHEREAS, the City Commission wishes to ratify, approve and
confirm the City Manager's finding that it was advantageous and
practicable for the City Manager to expend $138,787 in HOME
Investment Partnership Program funds to make payment and satisfy
Real Estate Taxes for 1998 and 1999 on eight (8) multifamily
properties located in the Model City and Overtown neighborhoods,
previously owned by Miami Limited and for. the City to acquire the
properties for housing and/or commercial reuse;
00- 759
Page 2 of 4
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. By a four-fifths (4/5ths) affirmative vote of
members of the City Commission, the City Manger's finding that it
was advantageous and practicable for the City Manager to expend
$138,787 in HOME program •funds to make payment to Miami -Dade
County to satisfy Real Estate Taxes for 1998 and 1999 on the
following eight (8) multifamily properties. previously owned by
Miami Limited and acquired .by the City for housing and/or
commercial reuse is ratified, approved and confirmed:
1230 Northwest 58th Terrace
1240 Northwest 59th Street
5899 Northwest 17th Avenue
1630.Northwest 58th Terrace
1527 Northwest 58th Street
1101 Northwest 62xi1 Street
1535 Northwest 58th Terrace
1611 Northwest 3rd Avenue.
Section 3. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.'/
�i 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 ® 0 m .759
PASSED AND ADOPTED this 14th day of September 2000.
JOE CAROLLO, MAYOR
hmadance with Miami Code Sec. 2-36, since the Mayor did not indicate approval of
Iits '.1f,gislation by signing it in the, designalled plac ovide I id legisife'dio W
"e eg"�`
of
"bomyntts effective with the dapse of ten (10' f �� �tlhe - e of 1i "'a n
m4puUq same, without the Mayor axerci ge�, AA
ATTEST:
J. FnaftnolUltv Clerk
WALTER J. FOEMAN
CITY CLERK
APPROVED S F AN RRECTNESS.t/
A ELL
.TOR Y
W4 2:BSS
Page 4 of 4 00-m 759
TO
FROM
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
The Honorable Mayor and Members
of the City Commission
Carlos . imenez
City Manager
RECOMMENDATION:
AUG 9
DATE : FILE:
SUBJECT: Resolution Ratifying, Approving and
Confirming City Manager's Payment
of $138,787 in Prior Year Taxes
REFERENCES: Miami Limited Properties
ENCLOSURES: City Commission Meeting
of September 14, 2000
It is respectfully recommended that the City Commission adopt the attached resolution, by a 4/5ths
affirmative vote, ratifying, approving and confirming the City Manager's finding that it was
advantageous and practicable for the City Manager to expend $138,787 in HOME Investment
Partnership (HOME) Program funds to satisfy prior years real estate taxes for 1998 and 1999 on eight
(8) multifamily properties located in the Model City and Overtown neighborhoods, previously owned
by Miami Limited and acquired by the City.
BACKGROUND:
At its meeting of June 22, 1999, through Resolution No. 99-440, the City Commission authorized the
City Manager to acquire or purchase First Union National Bank's first mortgage interest on eight (8)
vacant and abandoned multifamily apartment buildings owned by Miami Limited in the Model City
and Overtown neighborhoods. Community Development Block Grant Program funds in an amount not
to exceed $75,000 was allocated for this purpose.
In September 1999, the City was successful in acquiring the following abandoned multifamily
apartment buildings located in the Model City and Overtown neighborhoods through a public
foreclosure sale:
1230 N.W. 58th Street
1240 N.W. 59th Street
5899 N.W. 17th Avenue
1630 N. W. 58th Terrace
1527 N.W. 58th Street
1101 N.W. 62"d Street
1535 N.W. 58th Terrace
1611 N.W. 3rd Avenue
00 d
The Honorable Mayor and Members .
of the City Commission
Page 2
Although the City was successful in negotiating and acquiring First Union's first mortgage interest for
$75,000 and completed the acquisition of the subject properties through 'a. foreclosure sale, there
remained prior years real estate taxes for 1998 and 1999 in the amount of $138,787, which were not
paid by the former property -owner and, therefore, became a liability for the City once the subject
properties were acquired.
In order to take advantage of the four percent (4%) discount available to the City if the payment was
received on or before .May 26, 2000; the. City Manager authorized a payment in the amount of
$138,787 in HOME Program funds that was made by the Department of Community Development to
the Miami -Dade County Tax Collector.
The attached resolution ratifies, approves and confirms the City Manager's action to authorize the
aforementioned payment since it was advantageous and practical for the City to make payment to
Miami -Dade County's Tax Collector -prior to City Commission approval in order to take advantage of
the available discount and savings to the taxpayers.
City Commission adoption of the attached resolution is recommended..
FROM
•
Carlos A. Gimenez
City Manager
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
Gwendolyn C. Warren, Director bA
Department of Community Development
DATE May 25, 2000 FILE
SUBJECT
REFERENCES
EwCL'.v:,�r�cJ.
Emergency Payment of Prior
Year(s) Real Estate Taxes
Miami Limited I Project
In January 1999, the Miami -Dade Housing Agency terminated its Section 8 Housing Assistance
Payments (HAP) contract with the owner of the Miami Limited I Housing Project, due to the high
vacancy rate which existed in each of the eight (8) multifamily. apartment buildings, serious
violations of the building code and U.S. HUD's Housing Quality Standards, and the owner's
reluctance to make the necessary repairs to the buildings in order tj Yru,,;J,: -afe, sanitary and
decent housing accommodations for the residents. Subsequently, the tenants were relocated by
Miami -Dade Housing Agency to suitable housing units in the private housing market place. For
over six (6) months, the eight (8) structures remained vacant, abandoned and presented a health and
safety hazard to the local residents in the Model City and Overtown neighborhood.
At its meeting of June 22, 1999, through Resolution No. 99-440, the City Commission authorized
the City Manager to acquire or purchase First Union National Bank's first mortgage interest on the
eight (8) apartment buildings owned by Miami Limited, and allocated $75,000 in CDBG Program
funds for the aforementioned purpose. In September 1999, the City was successful in acquiring the
following structures through a public foreclosure sale:
1230 N.W. 58'
Terrace
1240 N.W. 59`h
Street
5899 N.W. 17``'
Avenue
1630 N.W. 58'
Terrace
1527 N.W. 58`h
Street
1101 N. W. 62"
Street
1535 N.W. 58`h
Terrace
1611 N.W. 3`d Avenue
With the City Commission's designation of the Model City neighborhood as a homeownership
zone, the City plans to facilitate the redevelopment of new homeownership housing units on the
city -owned parcels for purchase by low and moderate income families.
Although the. City was successful in negotiating and acquiring First Union's first mortgage interest
for $75,000 to culminate the acquisition of the subject properties through a foreclosure, presently
there exists approximately $138,787 in unpaid 1998 and 1999 real estates taxes now due. In an
effort to take advantage of the four- percent . (4%) discount which is available if the payment is
received by the County by May 26, 2000, the Department of Community Development requests
your approval to immediately' make payment in the aforementioned amount to satisfy the unpaid
taxes. Funds in the amount of $138,787 are available from the HOME Program to pay the
outstanding taxes which are due.
If you concur with this request, please indicate by affixing your signature below. The Department
of Community Development will prepare an agenda item for ratifying this action at the next
available City Commission meeting.
)6—Approved
Disapproved
Carlos Gim , City Manager
GCW/JBH
- twL-
f
J-99-480
6/11/99
n
RESOLUTION NO. 0
A RESOLUTION, WITH ATTACHMENT(S), OF THE
MIAMI - CITY COMMISSION AUTHORIZING THE
PURCHASE OF A PROPERTY LOCATED WITHIN THE
EMPOWERMENT ZONE, LEGALLY DESCRIBED IN
EXHIBIT "A", BY ACQUIRING THE PROPERTY OR
PURCHASING THE FIRST MORTGAGE INTEREST FROM
FIRST UNION NATIONAL BANK, AS TRUSTEE,
PURSUANT TO TRUST INDENTURE DATED
NOVEMBER 1, 1984, AT AN AMOUNT NOT TO EXCEED
$75,000; ALLOCATING FUNDS THEREFOR FROM THE
COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM;
AND FURTHER AUTHORIZING THE CITY MANAGER TO
EXECUTE ALL DOCUMENTS NECESSARY TO CONSUMMATE
THE TRANSACTION, IN A FORM ACCEPTABLE TO THE
CITY ATTORNEY.
WHEREAS, the CITY OF MIAMI ("CITY") holds a second mortgage
on certain property owned by MIAMI LTD. legally described in
Exhibit "A" hereto and located at the below listed addressee (the
"Property"); and
1230 N.W. 58`h Terrace
1611 N.W. 3M Avenue
1240 N.W. 59th Terrace
5899 N.W. 17"" Avenue
1630 N.W. 58t"' Terrace
1527 N.W. 58`n Street
1101 N.W. 62"d Street
1535 N.W. Wh Terrace
WHEREAS, FIRST UNION NATIONAL BANK ("FIRST UNION") holds
IAiTACNMENT (S)�
CONTAINED
TO'd b00*0N ZO:ET TOIb0 upf
the first mortgage on the Property having a principal balance of
$827,472.32; and
WHEREAS, FIRST UNION has declared MIAMI LTD. to be in
default and has commenced a foreclosure action which would
extinguish the CITY'S mortgage; and
WHEREAS, the property is located within the Empowerment Zone
and could be. an integral part, of the city's Comprehensive
Neighborhood Revitalization Strategy for the Empowerment Zone;
and
WHEREAS, the CITY has the opportunity to acquire the
property by (a) purchasing it .from FIRST UNION; or, (b) by
acquiring FIRST UNION'S position in the foreclosure action; and
WHEREAS, FIRST UNION has offered .to sell to the City its
interest in the property or.the mortgage for $75,00,0; and
WHEREAS, the CITY has expressed an interest to accept said
offer;
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. The City Manager is hereby authorized to
purchase property located within the Empowerment Zone, legally
described in Exhibit "A", by acquiring the.property or purchasing
the first mortgage interest from FIRST UNION, as trustee,
pursuant to Trust Indenture dated November, 1', 1984, 'at an amount
Z
ZO'd b00*0N £0:2i IO.bO Upt
not to exceed $75,000, allocating funds therefor from Community
Development Block Grant Program.
Section 3. The City Manager is hereby authorized -'J' to
execute all documents necessary to consummate the transaction,'in
a form acceptable to the City Attorney.
Section 4. This Resolution shall become effective
immediately.upon its adoption and signature of the Mayor.J
PASSED .AND ADOPTED thio 22nd day of June 1999,
JOE CAROLLO, MAYOR
in accordance with Miami Code Sec. 2-36, since the Mayor did not inftata a"Mal of
this legtaiaDon by signing It in the designated place rovided, said 'agiSlaticn M%rl
becomes effective with V10 elapse of fait (10) days theof l ctior,
regarding sww, withoM ft MVIOr
ATTEST:
WALTER J. FOE4 M
CITY CLERK
CORRECTNESS:&
W3407:DDR:RCL
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
Charger and Code provisions.
L if the Mayor does not sign this Resolution, it shall become effective at
the end of tea calendar days from the date it was passed and adopted.
if the Mayor vetoers this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
3
w
£0' d VOO * ON 0:£T 101 VO Upt131 00— 1Y 5 9
-.Phase :
Parcel 1:
Tar_cel 2 :
Parcel 3:
MdHIHIT "A"
LEGAL DESCRIPTION
Lots 7, 8, 21 and 22 Block 7, of ORCHARD VILLA EXTEN-
SION, according to the Plat thereof as recorded in Plat
Book 17 at Page 55 of the Public Records of Dade
County, Florida, a/k/a 1240 N.W. 59th Street, Miami.
Florida.
Lots 6, 7,-8 and- 9, Block 12,; except the North 50 feet
of Lots 6 and 7, of AMENDED HAP OF ERICKSON'S ADDITION
To. THE CITY OF MIAMI, according to the Plat thereof as
recorded in Plat Book B, at Page 88, of the Public
Records of Dade County, Florida, a/k/a 1611 N.W. Third
Avenue, Miami, Florida
Lots 9 and 10,E Block 10, ORCHARD VILLA EXTENSION,
according to the Plat thereof, recorded in Plat Book 17
at, Page 55 of the Public Records of Dade County,.
Florida, a/k/a 1230 N.W. 58th Terrace, Miami, Florida.
i
Phase 'IY:
Pte: Lots 9 and 28, Block 15, of ORANGE HEIGHTS, according
to the Plat thereof .as recorded in Plat Book 14, at
Page 62, of.the Public Records of Dade County, Florida,
a/k/a 1630 N.W. 58th Terrace, Miami, Florida.
Parcel 5:
Lots Ile 12 and 13, Block.14, ORANGE HEIGHTS, according
to the Plat thereof as recorded in Plat Book 14, at
Page 62, of the Public Records of Dade County,, Florida,
a/k/a 1535 N.W. Seth'Terrace, Miami, Florida.
Par, ce_:
Lots 1 and 21 Block 14, ORANGE HEIGHTS, according to
the Plat .thereof as recorded in Plat Book 14, at Page
62, of the Public Records of Dade county, Florida,
a/k/a 5899 N'.W. 17th Avenue, Miami, Florida.
tar`ce_:.<L.ots
21, 22 and 23, Block 15, ORANGE HEIGHTS, according
to the Plat thereof as recorded in Plat Book 14 at Page
62 of the. Public Records of Dade County, Florida, a.A/a
1527. N.W-18th Street, Miami, Florida.
1 Parcel 8:
Lots 23'and 24, Block 5, of WOOD14ERE, according to the
Plat thereof as recorded in Plat. Book -14, page Ii of
the Public Records of Dade County, Florida,, a/k/a 11121
N.W. 62nd Street,. -Miami, Florida 00 :,;;, 759
b0'd V00 ON
b0: ET IO.b0 uer.
131
I NATIORAL NEWS
4yi
im Morin is The Herald's top drawer. Don't miss his editorial cartoon, five times a.week on the
Editorial page.*
NOTICE: OF PUBLIC HEARING RELATING
TO -.GRANTS ADMINISTERED BY THE
bEPARTMENT OF COMMUNITY
J%
DEVELOPMENT ISSUES
4
The Miami City Commission will hold a Public Hearing September 14, 2000 to discuss the following issues relating
to grants administered by the Department of Community Development:
l.DiscurAion and proposed resolution on transfer of $300,000 of FY 1998, HOPWA funds previously allocated
to the.Miami-Dade County Department of Human Services, Office of Community Services, to other HOPWA
contracts between the City and the Miami -Dade County Department of Human Services, Office of
Community Services to assist low income persons living with HIV/AIDS as follows:
From, Contract Amount To: Contract Amount
Utility Assistance $300,000 Short Term Housing Assistance $200,()00'
Housing Assistance, $100,000
Total $360,000 Total $300000
Dijiiussion and proposed resolution to allocate funds to the following organizations to provide housing assistance
�related services to low income persons living with HIV/AIDS throughout Miami -Dade County.
131EPT 4housing
SERVICE PROVIDER ACTIVITY AMOUNT,_,:
tt�aefter Way of Miami, Inc. Operations $ 58
tity of Miami Department of. Operations $1000
ommunity Development
-�Douglas Gardens Community Long -Term Housing Assistance $ 200 006
Health Center, Inc:
Long -Term Housing Assistan�* 0
Economic Opportunity Family Long $1,20
.-Health Center, Inc;-.-----
-Greater Bethel A.M.E. Church
�7
HIV/AIDS Counseling.
_13,C000.ft-12
Referra]Services`
Lock Towns Community Mental
Operations — Life Quest 1.& 11 -
:$
25 000 -w
Health Center, Inc.
Z. Miami -Dade County Department of
Short -Term Housing Assistance
$1,500
000
Human Services (Office of Community Services)
m Miami -Dade County Department of
Emergency Housing Assistance330'000
-
Human Services (Office of.Community Services),
Miami -Dade Housing Agency Long -Term Housing Assistance
$5,406,000
ShDIboume Apartments Building, Inc.
Operations
$
45,000
SON Florida Gait Ministries;,Inc.
Operations — AGAPE's Women
$
87,000
TOTAL r
Ceriter/Vision House
$9,979,000
:
Dig 151 fd rbpo
sed'viasolution allocating $150,000 of CDBG funds to the Tacolcy Economic D&
corporation , Inc. to administer the Commercial Loan Program.
Discussion and proposed resolution ratifying the City Manager's action . to allocate 'Of
Development Block Grand Funds to purchase tax deeds, satisfy. prior. year real estate t
appropriate legal action to complete the acquisition of the following four (4) mufti -family apartrriE
located in the Model City and Overtown neighborhoods, previously owned by Miami Limited I and
the City:.
1230 N.W. 58 Street
1240 N.W. 59 Street
5899 N.W. 17 Avenue
1636 N.W. 58 Terrace
Discussion and proposed resolution ratifying the City Manger's action to expend $138,781
Investment Partnership *(HOME) Funds to satisfy prior year real estate taxes for 1998 and 4'
following eight (8) mule -family apartment buildings located in the Model City'60ighborhood:
1435 N.W. 61 Street
1455 N.W. 61 Street
1475 N.W. 61 Street
1606 N.W. 58 Terrace
1227 N.W. 58 Street
1101 N.W. 62 Street
1535 N.W. 58 Terrace
1611 N.W. 3 Avenue
6. Discussion and proposed resolution changing the number of units to be built, from 19 to IS, in iti,
approved Biscayne East Towers Project to be constructed by Banyan Townhomes, L.L C using;)
,previously approved SHIP funds; further authorizing the City Manager to execute a subordination
r
between the City and the Local Initiative Support Corporation in connection with the financing of
The Public Hearing will be hold:
Thursday, September 14, 2000 at 9:30 A.M.s.
City of Miami Commission Chamber:
AW Pan American Drive
Miami, Florida 33133
Interested individuals are encouraged to attend this Public Hearing. The meetl age la si
handIC=oed.,._._,..
ind take
buildings
on the
NOTICE OF PUBLIC HEARING RELATING
TO GRANTS ADMINISTERED BY THE
DEPARTMENT OF COMMUNITY
DEVELOPMENT ISSUES
7
The Miami City Commission will hold a Public Hearing September 14, 2000 to. discuss the following
issues relating to grants administered by the Department of Community Development:
1. Discussion and proposed resolution on transfer of $300,000 of FY 1998 HOPWA funds
previously allocated to the Miami -Dade County Department of Human Services, Office of
Community Services, to other HOPWA contracts between the City and the Miami -Dade County
Department of Human Services, Office of Community Services to assist low income persons
living with HIV/AIDS as follows:
From: Contract Amount To: Contract Amount
Utility Assistance $300,000 Short Term Housing Assistance $200,000
Housing Assistance $100,000
Total $300,000 Total $300,000
2. Discussion and proposed resolution to allocate funds to the following organizations to provide
housing assistance and housing related services to low income persons living with HIV/AIDS
throughout Miami -Dade County:
SERVICE PROVIDER
Better Way of Miami, Inc.
City of Miami Department of
Community Development
Douglas Gardens Community
Health Center, Inc.
Economic Opportunity Family
Health Center, Inc.
Greater Bethel A.M.E. Church
Lock Towns Community Mental
Health Center, Inc.
Miami -Dade County Department of
Human Services (Oce of Community
Services)
Miami -Dade County Department of
Human Services (Office of Community
Services
ACTIVITY
Operations
Operations
AMOUNT
$ 58,000
$1,000,000
Long -Term Housing Assistance $ 200,000
Long Term Housing Assistance $1,200,000
HIV/AIDS Counseling and $ 134,000
Referral Services
Operations — Life Quest I & lI $ 25,000
Short -Term Housing Assistance $1,500,000
Emergency Housing Assistance $ 330,000
Miami -Dade Housing Agency Long -Term Housing Assistance $5,400,000
Shelbourne Aparnnents'Building, Inc. Operations $ 45,000
South Florida Jail Ministries, Inc. Operations — AGAPE's Women $ 87,000
Center Nision House
TOTAL $9,979,000
3. Discussion and proposed resolution allocating $150,000 of CDBG funds to the Tacolcy Economic
Development Corporation, Inc. to administer the Commercial Loan Program.
4. Discussion and proposed resolution ratifying the City Manager's action to allocate $300,000 of
Community Development Block Grant Funds to purchase tax deeds, satisfy prior year real estate
taxes and take appropriate legal action to complete the acquisition of the following four (4) multi-
family apartment buildings located in the Model City and Overtown neighborhoods, previously
owned by Miami Limited I and acquired by the City:
1230 N.W. 58 Street
1240 N.W. 59 Street
5899 N.W. 17 Avenue
1636 N.W. 58 Terrace
5. Discussion and proposed resolution ratifying the City Manager's action to expend $138,787 of
HOME Investment Partnership (HOME) Funds to satisfy prior year real estate taxes for 1998 and
1999 on the following eight (8) multi -family apartment .buildings located in the Model City
neighborhood:
1435 N:W. 61 Street
1455 N.W. 61 Street
1475 N.W. 61 Street
1606 N.W. 58 Terrace
1227 N.W. 58 Street
1101 N.W. 62 Street
1535 N.W. 58 Terrace
1611 N.W. 3 Avenue
6. Discussion and proposed resolution changing the number of units to be built, from 19 to 15, in the
previously approved Biscayne East Towers Project to be constructed by Banyan Townhomes,
L.L.C. using of $342,000 of previously approved SHIP funds; further authorizing the City
Manager to execute a subordination agreement between the City and the Local Initiative Support
Corporation in connection with the financing of said project.
The Public Hearing will be held:
Thursday, September 14, 2000 at 9:30 A.M.
City of Miami Commission Chamber
3500 Pan American Drive
Miami, Florida 33133
Interested individuals are encouraged to attend .this Public Hearing. 'The meeting site is accessible to the
handicapped. .
(AD NO. 06180)
00— 759