HomeMy WebLinkAboutR-99-0424J-99-517
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RESOLUTION NO. ee�� e�
A RESOLUTION OF THE MIAMI CITY COMMISSION
RELATING TO THE DEVELOPMENT OF EIGHTEEN (18)
UNITS OF AFFORDABLE HOUSING IN THE LITTLE
HAVANA NEIGHBORHOOD BY THE FLORIDA HOUSING
COOPERATIVE, INC.; AUTHORIZING THE CITY
MANAGER TO ALLOCATE FUNDING FROM THE CITY'S
FY198-99 STATE HOUSING INITIATIVES
PARTNERSHIP (SHIP) PROGRAM IN THE AMOUNT OF
$414,577, IN CONNECTION WITH THE DEVELOPMENT
OF THE BARCELONA PLACE CONDOMINIUMS PROJECT;
FURTHER AUTHORIZING THE CITY MANAGER TO
EXECUTE AN AGREEMENT, IN A FORM ACCEPTABLE TO
THE CITY ATTORNEY, WITH THE AFOREMENTIONED
COMMUNITY HOUSING DEVELOPMENT ORGANIZATION
(CHDO) FOR SAID PURPOSE.
WHEREAS, in July, 1992, the State of Florida enacted the
William E. Sadowski Affordable Housing Act ("Sadowski Act"),
which allocates a portion of new and existing documentary stamp
taxes on deeds on real estate transactions to local governments
for the development and maintenance of affordable housing; and
WHEREAS, the Sadowski Act provides a dedicated revenue
source for affordable housing and created the State Housing
Initiatives Partnership (SHIP) Program; and
WHEREAS, in August, 1994, the City of Miami was notified by
the State of Florida that the City would be eligible to receive
$1,300,000 in SHIP Program funds beginning with the State's
CITY commzOlf
NELTMG OF
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B-ahtdon No.
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91
Fiscal Year 1995-1996; and
WHEREAS, in November 1996, pursuant to Resolution
No. 96-851, the City Commission approved the City's Local Housing
Assistance Plan required by the State of Florida for the City's
continued participation in the SHIP Program; and
WHEREAS, through the Local Housing Assistance Plan, the City
proposes to make funding available to not -for -profit Community
Housing Development Organization (CHDOs), for the purpose of site
acquisition, site development, project construction and permanent
financing, in connection with the development of affordable
housing units within the City; and
WHEREAS, in February 1997, pursuant to Resolution No. 97-94,
the City Commission approved the allocation of $414,577 in FY
1995-96 SHIP Program funding to Florida Housing Cooperative,
Inc., in connection with the development of the Barcelona Place
Condominiums Project; and
WHEREAS, in June 1999, pursuant to Resolution No. ,
the City Commission approved the reallocation of the $414,577 in
FY 1995-96 SHIP Program funding, previously allocated to Florida
Housing Cooperative, Inc., to East Little Havana Community
Development Corporation in connection with the development of the
Riverside Gardens Townhomes Project; and
WHEREAS, for FY 1998-99 approximately $1,200,000 is
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available through the City's Homeownership Development Program,
and $100,000 is available through the Downpayment/Closing Cost
Assistance Program; and
WHEREAS, in October of 1998, the City of Miami advertised
the availability of SHIP Program funding for the development of
affordable home ownership units in the City; and
WHEREAS, the City Administration recommends the allocation
of funding from the City's FY 1998-99 SHIP Program, in the amount
of $414,577 to Florida Housing Cooperative, Inc., in connection
with the development of the Barcelona Place Condominiums 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 hereby adopted by reference
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. Funding from the City's FY 1998-99 SHIP
Program in the amount of $414,577 is hereby allocated for the
purpose of providing project development financing assistance to
Florida Housing Cooperative, Inc. in connection with the proposed
affordable housing project. Funding shall be subject to certain
conditions and to Florida Housing Cooperative Inc., submitting
certain information for review and/or approval by the City
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Administration, which includes verification of all project costs,
evidence that all project funds are committed, and adherence to
all SHIP Program guidelines.
Section 3. The SHIP Program funding allocated herein
will be provided to the Florida Housing Cooperative, Inc. as a
loan with conversion to a grant once the project construction has
been completed, and the housing units sold to the low to moderate
income families.
Section 4. The City Manager is hereby authorizedll to
execute individual contractual agreements, in a form acceptable
to the City Attorney, with the aforementioned CHDO in the amount
specified, for the purpose of providing project development
financing assistance in connection with eighteen (18) units of
affordable home ownership housing in the City.
Section 5. This Resolution shall become effective
�i 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.
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99 -- 424
immediately upon its adoption and signature of the Mayor./
PASSED AND ADOPTED this 22nd day of June , 1998.
JOE CAROLLO, MAYOR
In accordance with k4lami Code Sec. 2-36, since the Mayor did not Indicate approval oll
this legislation by signing it in the designated place Ear ided, &Ai;i legislation ;;c1,r
becomes effective with the elapse often (10) days from a date ''ommissic, z , n
regarding same, without the Mayor exercising q o.
ATTEST:
Walter . man, C' Clerk
WALTER J. FOEMAN
CITY CLER�TFORMz
APPROVED Arg CORRECTNESS t
5 2 6F- RCL
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.
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TO: Honorable Mayor and Members
City Commission
FROM
Donald H. Warshaw
City Manager
RECOMMENDATION:
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
DATE: XN 14 1999 FILE:
SUBJECT: Resolution Allocating $414,577 in
SHIP Program Funds to Florida
Housing Cooperative, Inc.
REFERENCES.
City Commission Agenda
ENCLOSURES: Item —.Tune 22. 1999
It is respectfully recommended that the City Commission adopt the attached resolution authorizing the
City Manager to allocate $414,577 in FY 1998-99 SHIP Program funds to Florida Housing
Cooperative, Inc., in connection with the development of the proposed eighteen (18) unit Barcelona
Place Condominiums Project at 1025 West Flagler Street.
The attached resolution further authorizes the City Manager to execute the appropriate legal
documents, in form acceptable to the City Attorney, for the disbursement of the aforementioned
funding.
BACKGROUND:
In February, 1997, through Resolution No. 97-94, the City Commission allocated $414,577 in FY
1995-96 State Housing Initiatives Partnership Program funds to Florida Housing Cooperative, Inc., in
connection with the proposed eighteen (18) unit Barcelona Place Condominiums Project. Once
complete, the project will be comprised of eighteen (18) new 2-bedroom, 2-bath condominium units.
The project is being built at an estimated cost of $2.4 million. To date, $414,577 in SHIP Program
funds and an additional $90,000 in HOME Program funds have already been allocated by the City for
construction of the proposed project. Florida Housing Cooperative, Inc. is seeking the balance of the
proposed project financing from the City of Miami ($523,4i6), Miami -Dade County ($594,000),
SunTrust Bank ($578,700), the Federal Home Loan Bank ($144,000), and equity ($69,300).
Due to delays which have been experienced by Florida Housing Cooperative, Inc. in commencing
construction on the proposed housing project, the City of Miami has been cited by the State of Florida
for being out of compliance relative to the SHIP Program guidelines regarding the timely expenditure
of SHIP Program funds. Based on the program's definition for "expended funds", funds are not
considered spent until the housing project is completed and the housing units are sold and occupied by
the families.
In an effort to address the concerns which have been expressed by the State of Florida regarding the
expenditure of the City's FY 1995-96 SHIP Program funds, the Department of Community
Development has recommended the reallocation of the $414,577 in funding previously allocated to
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Florida Housing Cooperative Inc. pursuant to Resolution No. 97-94. City Commission approval of the
attached resolution would replace the $414,577 in funding which was allocated to the East Little
Havana Community Development Corporation in connection with the financing of the Riverside
Gardens Townhomes Project Phase II.
The aforementioned fiords allocated to Florida Housing Cooperative, Inc. would be subject to the
following conditions/requirements:
• Verification of all project costs
• Evidence that all project funds are committed
• Adherence to all SHIP guidelines
• City funding to be structured as a loan with conversion to a grant once the project is
complete and the units are sold.
In an attempt to further expand the development of new homeownership housing units in the Little
Havana neighborhood, and to satisfy the State of Florida's requirements regarding the timely
expenditure of SHIP program funds, City Commission ratification of the attached resolution is
recommended.
l A-
DHW/llB/GCMV50YARB/mb
Enclosure
<Shared/MiscRich-SHIPCommissionMemoFHCG
99- 424
CITY CLERK TEL:3058581610 May 27'99- 11:00 No.007 P.02
i
u 11-�,
J-97-94
2/12197
RESOLUTION NO. 9 7 — 9 4
A RESOLUTION, RELATING TO THE DEVELOPMENT OF
APPROXIMATELY 98 UNITS OF AFFORDABLE HOUSING
IN THE LITTLE HAVANA NEIGHBORHOOD BY THE EAST
LITTLE HAVANA COMMUNITY DEVELOPMENT
CORPORATION AND FLORIDA HOUSING COOPERATIVE,
INC. AND 21 UNITS OF AFFORDABLE HOUSING TN THE
ALLAPATTAH NEIGHBORHOOD BY ALLAPATTAH
BUSINESS DEVELOPMENT AUTHORITY, INC.;
AUTHORIZING THE CITY MANAGER TO ALLOCATE
FUNDING FROM THE CTTY'S FY' 1995-96 STATE HOUSING
MTIA.TIVES PARTNERSHIP PROGRAM (SHIP PROGRAM)
IN THE AMOUNT OF $1,217,549 AS SET FORTH HEREIN;
FURTHER AUTHORIZING THE CITY MANAGER TO
EXECUTE INDIVIDUAL CONTRACTUAL AGREEMENTS, IN
A FORM ACCEPTABLE TO THE CITY ATTORNEY, WITH
THE AFOREMENTIONED COMMUNITY HOUSING
DEVELOPMENT ORGANIZATIONS (CHDO'S) FOR SAID
PURPOSE.
WHEREAS, in July, 1992, the State of Florida enacted the William E. Sadowski
Affordable Housing Act ("Sadowski Act"), which allocates a portion of new and existing
documentary stamp taxes on deeds on Teal estate transactions to local governments for the
development and maintenance of affordable housing; and
WHEREAS, the Sadowski Act provides a dedicated revenue source for affordable
housing and created the State Housing Initiatives Partnership Program (SHIP); and
FEB 2 0 im7
8+fth+aft No.
9 4
CITY CLERK TEL:3058581610 May 27'99 11:00 No.007 P.03
WHEREAS, in August, 1994, the City of Miami was notified by the State of Florida that
the City would be eligible to receive $1.3 million in SHIP Program funds beginning with the
State's Fiscal Year 1995-96; and
WHEREAS, in November of 1996, pursuant to Resolution No. 96-851, the City
Commission approved the City's revised Local Housing Assistance Man required by the State of
Florida for the City's continued participation in the State Housing Initiatives Partnership Program
(SHIP Program); and
WHEREAS, through the City's Local Housing assistance Plan, the City proposes to
make available funding to not -for -profit Community Housing Development Organizations
(CHDO's), for the purpose of site acquisition, site development, construction and permanent
financing, in connection with the development of affordable homeownership units in the City; and
WHEREAS, approximately $1,200,000 is available through the City's Homeownership
Development Program and $100,000 is available through the City's Downpayrneut/Clos4 Cost
Assistance Program this year, and
WHEREAS, in October of 1996, the City of Miami advertised the availability of SHIP
Program funding for the development of affordable homeownership units in the City; and
WHEREAS, the City Administration recommends the allocation of funding from the
City's FT 1995-96 State Housing Initiatives Partnership Program (SHIP Program), in the
amount of S1,217,549 to the Allapattah Business Development Authority, Inc., East Little
Havana Community Development Corporation and Florida Housing Cooperative, Inc., in
connection with the development of 119 units of affordable housing in the City;
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s
CITY CLERK TEL:305858161.0 May 27'99.. 11:01 N0.007 P.04
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
NIIAMI, 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. Funding from the City's FY' 1995-96 State Housing Initiatives Partnership
Program (SHIP Program) is hereby allocated for the purpose of providing project development
financing and downpayment/closing cost assistance to the fbilowing not -for -profit Community
Housing Development Organizations (CHDO's) fisted in the amount as set forth below:
Community Housing lkyelonment Omanizationa
1. Allapattah Business Development Authority, Inc. $504,450.00
2. East Little Havana Community Development Corporation $298,522.00
3. Florida Housing Cooperative, Inc. $414,577.00
Section 3. The City Manager is hereby authoriudv to execute individual contractual
agreements, in a form acceptable to the City Attorney, with the aforementioned Community
Housing Development Organizations (CHDO's), for the amount specified for each, for the
purpose of providing project development financing and downpayment/closing cost assistance in
connection with one hundred nineteen (119) units of affrordable homeownership housing in the
City.
Tho herein authorization is f irthcr subject to compliance with all requirements that may bo imposed by
the City Attorney, including, but not limited to those prescribed by applicable City Charter and Coda
provisions.
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99- 424
CITY CLERK
TEL:3058581610
May 27'99_ 11:01 No.007 P.05
Section 4. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED this 20th dap of Pgbruar3t _ 1997.
ATTEST: !.
J OLLO, MAYOR
WALTE EMAN
CITY CLERK
CONSM UNITY DEVELOPMENT/NET
REVIEW:
ELBER . WATERS, DIRECTOR
CO DEVELOPM ENT/NET
REVIEWED AS TO ACCOUNTING,
BUDGETARY AND TREASURY
REQUIREMENTS: _ ,
MICHASWViN, DIRECTOR
DEPARTMENT OF FINANCE
PREPARED AND APPROVED BY: APPROVED AS TO FORM AND
CORRECTNESS:
LINDA KELLY KEARSON A/QUINN JO , Iit
ASSISTANT CITY ATTORNEY CITY AtTOFbW
LKK/BSS/pb/W 1454
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99- 424
W
CITY OF MIAMI
NOTICE TO THE PUBLIC
PLEASE ALL TAKE NOTICE that a public: hearing %�iii be held by the City Commission of
the City of Miami, Florida, on June 22. 1999 at 10:00 a.m., during the regularly scheduled City
Commission meeting, in the City Commission Chambers at City Hall. 3500 Pan American Drive,
Miami, Florida.
The purpose of the Public Hearing is to discuss the Citv's proposal to reallocate $414,577 in
FY1995-96 State Housing Initiatives Partnership (SHIP) Program funds.
SOURCE OF REALLOCATED FUNDS:
FYI995-96 SHIP funds allocated to Florida Housing Cooperative, Inc.
for the development of Barcelona Place Condominiums affordable
housingproject..............................................................................$414,577
RECOMMENDED REALLOCATION OF FUNDS:
FY1995-96 SHIP funds to East Little Havana Community Development
Corporation for the development of Riverside Gardens Townhomes-Phase II
affordable housing project.................................................................$414,577
All interested persons are invited to appear and may be heard with respect to this item. Any
person desiring to appeal any decision of the City Commission with respect to this matter,
considered at this public hearing, shall ensure that a verbatim record of the proceedings is made,
including all testimony and evidence upon which any appeal may be based.
The City of Miami invites the submission of public comment regarding the aforementioned
reallocation by writing to:
City of Miami
Department of Community Development
444 SW 2"d Avenue, Second Floor
Miami, Florida 33130
Comments may be submitted during regular office hours. 8:00 a.m. to 5:00 p.m.. Monday
through Friday. City residents have thirty (30) days to submit comments on the proposed
reallocation of SHIP Program funds before its implementation.
The City of Miami provides equal access and equal opportunity in employment and services. and
does not discriminate on the basis of handicap.
Ad"308.1
CITY OF MIAM1
12�1
LENDER
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