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Home My WebLink AboutR-98-0301J-98-307 3/24/98 RESOLUTION. W. 9 8 - 301 A RESOLUTION ESTABLISHING A LAND DISPOSITION POLICY RELATING TO THE DISPOSITION OF SURPLUS CITY -OWNED VACANT PARCELS FOR THE PURPOSE OF DEVELOPING HOUSING AFFORDABLE TO VERY LOW, LOW- AND MODERATE -INCOME FAMILIES AND INDIVIDUALS THEREBY: (1) ESTABLISHING FIFTY (50%) PERCENT OF THE CITY'S SITE ACQUISITION COST, AS THE AMOUNT TO BE PAID TO THE CITY OF MIAMI AS THE CITY'S REIMBURSEMENT FOR ITS COST OF SITE ACQUISITION FOR HOUSING PARCELS ACQUIRED WITH FEDERAL FUNDS PROVIDED FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT THROUGH THE CDBG PROGRAM AND HOME PROGRAM; (2) ESTABLISHING FIFTY (50%) PERCENT OF THE APPRAISED VALUE OR THE CITY'S ACTUAL COST, WHICHEVER IS GREATER, AS THE AMOUNT TO BE PAID TO THE CITY OF MIAMI FOR OTHER CITY -OWNED SURPLUS PROPERTIES NOT ACQUIRED WITH FEDERAL FUNDS; (3) AUTHORIZING AND DIRECTING THE CITY MANAGER AND CITY ATTORNEY TO PREPARE THE NECESSARY DOCUMENTS TO EFFECTUATE THE CONVEYANCE AND DISPOSITION OF SAID SURPLUS PARCELS, SUBJECT TO THE APPROVAL OF THE CITY COMMISSION. 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 « ..�.I..I F. z . . MAR 2 4 M8 ao.o10fift x& WHEREAS, the City Commission recognizes that the participation of both the public and private sector is necessary to foster the development of housing affordable to low- and moderate - income families and individuals in the City; and WHEREAS, in the City, there exists a number of City -owned vacant parcels which have been acquired by the City utilizing Community Development Block Grant ("CDBG") Program and HOME Program funding for the development of new single-family residential homeownership units throughout several of the City's CD Target Areas; and WHEREAS, in addition, there exists a number of City -owned parcels which have been acquired by the City through means other than with federal funds and have been identified as surplus properties and are available for the development of new affordable housing units in the City; and WHEREAS, the City Administration recommends that a land disposition policy be established by the City Commission relating to surplus properties that are suitable for the development of housing affordable to very low, low- and moderate -income families and individuals in the City; 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 value to the City; and WHEREAS, the City Administration recommends that a land reimbursement value of fifty percent (50%) of the City's cost for site acquisition be established for parcels acquired utilizing federal funds through the CDBG and HOME Programs, subject to certain terms and conditions; and -2- 0$- 301 WHEREAS, the City Administration further recommends that a land reimbursement value of fifty percent (50%) of the appraised value or the City's actual cost, whichever is greater, be established for other City -owned surplus properties that are suitable for the development of housing affordable to very low, low- and moderate -income families and individuals, subject to certain terms and conditions; 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 Commission hereby establishes fifty percent (50%) as the reimbursement amount to be paid to the City as reimbursement for its cost of site acquisition, for surplus parcels that have been acquired by the City utilizing federal funding from the U. S. Department of Housing and Urban Development, for the development of affordable homeownership housing units by not -for -profit community development corporations and/or private sector for profit developers. Section 3. The City Commission hereby establishes fifty percent (50%) as the reimbursement amount to be paid to the City based on an updated appraisal report, for surplus City -owned parcels acquired through means other than federal funding, or the City's actual cost, whichever is greater, which are suitable for the development of affordable homeownership housing units to be developed by not -for -profit community development corporations and/or private sector developers. -3- 98 -- 301 Section 4. The City Manager and City Attorney are hereby authorized/ and directed to prepare the necessary documents to effectuate the conveyance and disposition of any City -owned surplus properties suitable for the development of homeownership housing units affordable to very low, low- and moderate -income families and individuals, subject to the approval of the City Commission. Section 5. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 24th day of March , 1998. ATTEST: JOE CAROLLO, MAYOR In accordance with Miami Code Sec. 2-36, since the Mayor did not indicate approval of this legislation by signing it in the designated place provided, said legislation now becomes effective with the elapse of ten (10) days from the date of Commission action regarding same, without the Mayor exercising a veto. AL WALTER J. FOEMAN Wafter 11C. e , City Clerk CITY CLERK PREPARED AND APPROVED BY: LINDA KELLKEAFAON ASSISTANT CITY ATTORNEY LKK/pb/csk/W2382 APPROVED AS TO FORM AND CORREC S: Uv J EL EDWARD LL r TERIM CITY A ORNEY '-/ 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. ins 9$- 301 CITY OF MIAMI, FLORIDA 10 INTER -OFFICE MEMORANDUM Honorable Mayor and Members of the March 11 1997 TO : DATE � FILE City Commission SUBJECT: Policy Regarding the Disposition of City -Owned Property for Affordable Housing FROM : Jose Garcia -Pedrosa REFERENCES: City Commission Agenda Item City Manager ENCLOSURES: March 24, 1998 RECOMMENDATION: It is respectfully recommended that the City Commission adopt the attached resolution, which establishes a land disposition policy pertaining to the disposition of surplus City -owned vacant parcels, suitable for the development of affordable housing for very low, low and moderate -income families and individuals. The attached resolution establishes fifty (50%) percent of the City's cost of site acquisition, as the amount to be paid to the City for parcels acquired with federal funds. These funds are from the U.S. Department of Housing and Urban Development, through the CDBG and HOME Programs. The attached resolution further establishes the lesser of, fifty (50%) percent of the appraised value or the City's actual cost, as the amount to be_ paid for other City -owned properties acquired through other means such as donations, code enforcement and other forms of legal actions instituted by the City. BACKGROUND: There exists a severe shortage of housing in the City of Miami, within the affordability range of families and individuals of very low, low and moderate -income. This problem is even more critical in the City's Community Development Target Areas, where there exists a severe shortage of owner - occupied residential units. The cost of land, construction materials, and labor in the Miami marketplace has effectively precluded the private housing industry from developing new single- family homes within the purchasing power and affordability range of the City's very low, low and moderate -income families. The City of Miami recognizes that the participation of both the public and private sector is necessary, in order to foster the development of housing affordable to very low, low and moderate - income families and individuals in the City. The City could assist the private sector in the development of new affordable housing units by providing available vacant surplus City -owned properties, at a write -down for the construction of new affordable housing units. This strategy would result in reducing the overall cost of the housing product by allowing the cost savings to be passed on to the potential homebuyer and/or tenant. 08- 301 The Honorable Chairman and Members of the City Commission March 11, 1997 Page 2 Section 29-B of the City Charter, allows for the conveyance or disposition of City -owned property which would be used for the implementation of city -assisted housing programs or projects for very low, low and moderate -income households, without being subject to competitive bidding requirements and fair market value return to the City. The City is in a position to assist the private sector in fostering the development of new affordable housing units in the City, by making available vacant surplus City -owned properties available for such development. In an effort to further promote the construction of new affordable housing in the City, the Department of Community Development and the Office of Asset Management recommend City Commission ratification of the attached resolution. W 6VJ 3tk JGP/CMC/GW/JBH:vh c: Gwendolyn Warren, Director Department of Community Development <shared-memosvh>chairman&cc3 98- 301