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HomeMy WebLinkAboutR-98-0169J-98-200 2/10/98 RESOLUTION NO. 9 8 - 169 A RESOLUTION RELATING TO THE DEVELOPMENT OF THE PROPOSED LATIN QUARTER SPECIALTY CENTER PROJECT; AUTHORIZING THE CITY MANAGER TO CONVEY AND DISPOSE OF CITY -OWNED PARCELS LOCATED AT 1435, 1453 AND 1461 SOUTHWEST 8TH STREET, MIAMI, FLORIDA (LOCATED IN THE LITTLE HAVANA NEIGHBORHOOD), TO THE EAST LITTLE HAVANA COMMUNITY DEVELOPMENT CORPORATION ("ELHCDC"), SAID PARCELS MORE PARTICULARLY LEGALLY DESCRIBED ON EXHIBIT "A", ATTACHED HERETO AND MADE A PART HEREOF; DIRECTING THE ELHCDC TO COMMENCE CONSTRUCTION WITHIN TWELVE (12) MONTHS FROM THE DATE OF THIS CITY COMMISSION ACTION OR THE SUBJECT PARCELS SHALL REVERT BACK TO THE CITY; AUTHORIZING THE CITY MANAGER TO CONVEY THE SUBJECT CITY -OWNED PARCELS AT NO COST IN RETURN FOR ANY FUTURE NET PROCEEDS FROM THE SALE OF THE COMMERCIAL/RETAIL SPACE SHOULD ELHCDC SELL THE IMPROVED PROPERTY OR CEASE TO EXIST AS AN ORGANIZATION; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE THE APPROPRIATE CLOSING DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, WITH THE ELHCDC TO EFFECTUATE SAID CONVEYANCE. WHEREAS, there exists in the City of Miami a severe shortage of housing within the affordability range of families and individuals of low and moderate income; and WHEREAS, the City Commission recognizes that the participation of both the public and private sector is necessary to foster the development of housing within the affordability range of the City's low and moderate income families and individuals; and CITY CObMSSION MEETING OF FEB 10IM Resolution No. 98- 169 WHEREAS, in July, 1995, pursuant to Resolution No. 95-560, the City Commission approved in principle, the designation of the East Little Havana Community Development Corporation (IIELHCDC"), as sponsor to undertake a 50-75 unit residential/retail mixed use project consisting of 10,000-15,000 square feet of retail space, planned for development on six (6) parcels of City -owned land located at 1435-1453 and 1461 Southwest 8th Street, Miami, Florida (located in the Little Havana neighborhood); and WHEREAS, after undertaking preliminary architectural design activities and project feasibility studies, the ELHCDC has determined that the proposed development site would support only a 45 unit residential/retail mix project consisting of 15,000 square feet of retail space; and WHEREAS, the ELHCDC is now requesting that the City convey the subject parcels to facilitate the required zoning/variance modifications needed to commence construction of the proposed project; and WHEREAS, Section 29-B of the City Charter allows for the conveyance or disposition of City -owned property in connection with the implementation of City -assisted housing programs or projects which are intended to benefit persons or households of low and/or moderate income without being subject to competitive bidding requirements and fair market value return to the City; and WHEREAS, it is recommended that should the commercial/retail space be sold or the aforementioned organization ceases to exist, 2 - ;3 - 169 that the net proceeds of the said sale should be recaptured by the City; and WHEREAS, the City Administration recommends the conveyance of the subject parcels at no cost to the East Little Havana Community Development Corporation in connection with the proposed Latin Quarter Specialty Center; 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 convey and dispose of City -owned vacant parcels located at 1435, 1453 and 1461 Southwest 8th Street, Miami, Florida (located in the Little Havana neighborhood), which are more particularly legally described in Exhibit All, attached hereto and made a part hereof, to the East Little Havana Community Development Corporation ("ELHCDC") in connection with the development of the proposed Latin Quarter Specialty Center project. Section 3. The ELHCDC is hereby directed to commence construction within twelve (12) months from the date of this City Commission action or the subject parcels shall revert back to the City. Section 4. The City Manager is hereby authorized and directed to convey the subject City -owned parcels to the East Little Havana Community Development Corporation at no cost in - 3 - g 3- 169 return for any future net proceeds from the sale of the commercial/retail space should the ELHCDC sell the improved property or cease to exist as an organization. Section 5. The City Manager is hereby authorized to execute the appropriate closing documents, in a form acceptable to the City Attorney, with the ELHCDC to effectuate the conveyance of said Parcels, subject to certain terms and conditions. Section 6. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this loth day of 1998. -X�v VIER LJ SUAREZ, MAYOR ATTEST: WALTER F CITY CLERK PREPARED AND APPROVED BY LINDA KELLY KEAASON ASSISTANT CITY ATTORNEY APPROVED AS TO FORM AND CORRECTNESS: L EDWARD MA ERIM CITY A /pb/W2278 - 4 - �- iG9 EXHIBIT "A" 1435 S.W. 8th Street 1453 S.W. 8th Street 1461 T.E -.AT, S.W. T)IRqrRTPTTON 8th Street Lots 11, 12, 13, 14, 15, 16 less the South 10 feet for Road Right of Way and less the East 6 inches of Lot 16, in Block 104 of LAWRENCE ESTATE LAND COMPANY'S SUBDIVISION, according to the Plat thereof, as recorded in Plat Book 2, at Page 46, of the Public Records of Dade County, Florida. R- 169