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Home My WebLink AboutR-98-1013J-98-1027 10/12/98 RESOLUTION NO. 0 8 — 10 13 A RESOLUTION CERTIFYING THAT THE ST. JOHN APARTMENTS PROJECT, PHASE I, PREVIOUSLY CONSTRUCTED BY ST. JOHN COMMUNITY DEVELOPMENT CORPORATION IS AFFORDABLE TO LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS AS DEVELOPED AND THAT THE PROPOSED 108 UNIT ST. JOHN APARTMENTS HOUSING PROJECT -PHASE IV, BEING PLANNED FOR ACQUISITION/REHABILITATION BY ST. JOHN COMMUNITY DEVELOPMENT CORPORATION IN THE OVERTOWN TARGET AREA, ARE BOTH CONSISTENT WITH THE MIAMI COMPREHENSIVE NEIGHBORHOOD PLAN 1989-2000 AND THE COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM CONSOLIDATED PLAN; DIRECTING THE CITY MANAGER TO FORWARD A COPY OF THIS RESOLUTION TO THE STATE OF FLORIDA'S OFFICE OF TOURISM, TRADE AND ECONOMIC DEVELOPMENT PURSUANT TO SECTION 220.183, FLORIDA STATUTES IN CONNECTION WITH THE COMMUNITY CONTRIBUTION TAX CREDIT PROGRAM. WHEREAS, a severe shortage of affordable housing for families and individuals of low and moderate incomes exists in the City of Miami; and WHEREAS, the City Commission recognizes that the participation of the public and private sectors is necessary to assist in the development of said housing; and WHEREAS, in the support of this, the City has provided funding to St. John Community Development Corporation for the acquisition/rehabilitation of 108 units of rental housing in the Overtown Community Development Target Area; and WHEREAS, St. John Community Development Corporation has �� • OCT 1 3 M8 Resolution No. R1610M Kill previously constructed an affordable housing project in Overtown and is proposing to acquire and rehabilitate 108 units of rental housing in this area, in conformity with the Miami Comprehensive Neighborhood Plan 1989-2000 and the Community Development Block Grant Program Consolidated Plan; and WHEREAS, pursuant to Section 220.183, Florida Statutes, the Community Contribution Tax Credit Program provides an incentive to encourage Florida corporations to make donations toward community development and low income housing projects; and WHEREAS, St. John Community Development Corporation is desirous of becoming an eligible sponsor; 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. It is hereby certified that the St. John Apartments Project Phase I, previously constructed by St. John Community Development Corporation, is affordable to low -and -moderate -income families and individuals as developed, and that the proposed St. John Apartments Housing Project -Phase IV planned in the Overtown Community Development Target Area, are both consistent with the Miami Comprehensive Neighborhood Plan 1989-2000 and the Community Development Block Grant Program Consolidated Plan. - 2 - 98-100 Section 3. The City Manager is hereby directed to forward a copy of this Resolution to the State of Florida's Office of Tourism, Trade and Economic Development pursuant to Section 220.183, Florida Statues, in connection with the Community Contribution Tax Credit Program. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.1/ PASSED AND ADOPTED this 13th day of October , 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 exercis o. WALTER J . FOEMAN Waiter n, City Clerk CITY CLERK AND CORRECTNESS :/ 20l ATTORNEY W2966:CSK:kc 1� 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. - 3 - 98-1013 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: The Honorable Mayor and DATE: Members of the City Commission FROM: Ago (44.—T-amrsnaw City Manager RECOMMENDATION: 23 =7 - ED lab FILE SUBJECT: Resolution Relating to State of Florida Community Contribution Tax Credit Program REFERENCES: City Commission Agenda Item ENCLOSURES: Meeting of October 13, 1998 It is respectfully recommended that the City Commission adopt the attached resolution, certifying that the proposed St. John Apartments Housing Project -Phase IV, to be sponsored by St. John Community Development Corporation in the Overtown target area, is consistent with the City of Miami Comprehensive Plan 1989-2000 and the Community Development Block Grant Program Consolidated Plan. It is further recommended that the City Commission direct the City Manager to forward a copy of the said resolution to the State of Florida's Office of Tourism, Trade and Economic Development, in connection with the aforementioned corporation's application for designation as an approved sponsor under the State's Community Contribution Tax Credit Program. BACKGROUND: On August 8, 1998, a written request was made by St. John Community Development Corporation to the City of Miami for assistance in the preparation of the organization's application to the State of Florida for participation in the Community Contribution Tax Credit Program. Pursuant to Section 220.183 of the Florida Statutes, the Community Contribution Tax Credit Program provides a tax incentive to Florida corporations to encourage them to make financial donations toward the development of low income housing and community development projects. Specifically, any corporation paying Florida corporate income taxes, franchise taxes or insurance premium taxes would be eligible to receive a tax credit equal to fifty percent (50%) of the value of donations to an approved community development project. Approval by the State of Florida of a specific project under the Community Contribution Tax Credit Program would allow the sponsor to receive cash, property and/or goods from a Florida corporation. 98-1U-.3 The Honorable Mayor, and Members_ of the City Commission Page 2 Presently, St. John Community Development Corporation is preparing an application for submission to the State of Florida's Office of Tourism, Trade and Economic Development for approval of the proposed St. John Apartments Housing Project -Phase IV, planned in the Overtown target area. Approximately eleven (11) multifamily apartment buildings consisting of one hundred and eight (108) rental housing units are being proposed for acquisition and rehabilitation by St. John Community Development Corporation in connection with the aforementioned housing project. In an effort to provide affordable rental housing opportunities to one hundred and eight (108) low and moderate income families and individuals in the Overtown target area, it is recommended that the City Commission approve the attached resolution. DHW ii/DB/GCW" /JBH/sjg [Memosjg]<Tax Credit.doc> 98_10i3 S, OHN P.O. Box015344 COMM U N I T Y Miami, Florida 33101-5344 D E V E L O P NI E ,N T Phone: (305) 372-0682 C O R P o R A T I () ,N Fax: (305) 381-9574 REV. HENRY NEVIN - FOUNDER August 05, 1998 OFFICERS: NELSON L. ADAMS, III, M.D. Ms. Gwendolyn C. Warren President Director REV. HENRY NEVIN 1st Vice President Department of Community Development The City of Miami REV. CHARLES UPTGROW 444 S.W. 2' Avenue 2nd Floor ?nd Vice Presidentt , Miami, Florida 33130 INEZ A. WILCOX Secretary DOROTHY B. WALKER Dear Ms. Warren: Asst. Secretary REV. JOHN H. TAYLOR The enclosed is a copy of an application we are submitting to become a Treasurer sponsor in the Community Contribution Tax Credit Program which will Grace K. Humphery enable us to raise funds for the St. John Community Department Corporation. Asst. Treasurer One of the requirements is to have Resolution from the local government BOARD OF DIRECTORS: stating that the project is consistent with the local plans and regulations. I would be most grateful if your department can help in arranging for the City C. DYABERT N WALKER-BADIE BAKER Commision to provide such a Resolution. C. YA FRANKLIN CLARK MARVIN DUNN, PH.D. If you need any further information, please let me know. I can be reached at ALFRED FINNEY CHARLES FLOWERS, D.A.R. 305-371-7969. GREGORY D. GAY JOHNNIE L. KING LYN MORRISON, R.N. Slncer , L. LUCILLE REDDICK ANDREW ROBINSON CLAUDE CLARA L.. WALLACEWA/1 NIARY LOWILLIAMS Donald F. Benjamin R013EOBERT L.. W . YNN , President/Chief cuti a Officer LEONARD TURKEL Governor's Appointee DFB/hh Attachment DONALD F. BENJAMIN, AICP Executive Director 98-1013 SfiOHF4 P.O. Box 015344 C G M M U N I T Y Miami, Florida 33101-5344 D E V E L U P ,VI E N T Phone: (305) 372-0682 C o R P o R A r i o Fax: (305) 381-9574 August 05, 1998 REV. HENRY NEVIN - FOUNDER Mr. Burt C. Von Hoff OFFICERS: Executive Office of the Governor Office of Tourism, Trade and Economic Development NELSON L. ADAMS, III, M.D. The Capitol, Suite 2001 'President Tallahassee, Florida 32399-0001 REV. HENRY NEVIN Ist Vice President Dear Mr. Von Hoff - REV. CHARLES E. UPTGROW 2nd Vice President INEZ A. WILCOX The St. John Community Development Corporation is pleased to submit this Secretary application to become a Sponsor in the Community Contribution Tax Credit DOROTHY B. WALKER Program. Enclosed you will find copies of our Articles of Incorporation, the Asst. Secretary By -Laws and the Resolution from the City of Miami stating that the project REV. )OHN H. TAYLOR is consistent with the local plans and regulations. Treasurer Grace K. Humphery The project we are submitting is known at present as the St. John Apartments Asst. Treasurer - Phase IN. It will be substantial rehabilitation of 108 units of low-income rental housing in Overtown for a total cost of $4.2 million. We are in the BOARD OF DIRECTORS: process of acquiring the land which has been given to us by a family trust and a corporation. We are developing the financing plan, the plans and ROBERT BAKER specifications, and will publicize the project in the community. We will bid C. DYAN WALKER-BADIE FRANKLIN CLARK the project for construction select a contractor, and organize the construction NIARVIN DUNN, PH.D. management, the marketing and begin rentals. ALFRED FINNEY CHARLES FLOWERS, D.A.R. GREGORY D. GAY We are anxious to accelerate the acquisition of the properties and obtain IoHNNIE L. KING LYN MORRISON, R.N. financial assistance to carry out all the above activities. L. LUCILLE REDDICK ANDREw RoswsoN Y CLAUDE TRIPP , .Slncerel CLARA L. WALLACE NIARY LOUISE WILLIAMS ROBERT L. WYNN Donald F. Benjamin, AICP LEONARD TURKEL President/Chief Executive Officer Governor's Appointee DONALD F. BENJAMIN, AiCP Attachments Executive Director 98--10:` THE CONE%1UN1TY CONTRIBUTION TAX CREDIT PROGRAM The Community Contribution Tax Credit Program (CCTCP) provides an incentive (50% tax credit) to encourage Florida corporations to make donations toward community development and low income housing projects_ The tax credit is easy for a business to receive. Corporations located anywhere in Florida that make donations to approved community development projects may receive a tax credit equal to , 50 percent of the value of the donation. Businesses may take the credit on Florida corporate income tax, fi-anchise tax, or insurance premium tax. Before making a donation, please be sure it will qualify. A list of eligible organizations is available from the Office of Tourism, Trade and Economic Development (OTTED). To receive approval, a business donating to an eligible sponsor need only form with O _ In order to claim the tax credit, simp y attach proof of the approved donation when you file your state tax return. More details on the approval process are contained on page 4. Non-profit organizations and units of state and local governments may apply to become eligible sponsors and solicit donations under the program. Eligibility requirements are listed on page 2. This summary is based on Florida Statutes (sections 220.183 and 624.5105) and Florida Administrative Code (Rule 8E-17). Readers are advised to consult these references for additional details_ FOR FURTHER INFORMATION, PLEASE CONTACT- BURT C. VON HOFF EXECUTIVE OFFICE OF THE GOVERNOR OFFICE OF TOURISM, TRADE AND ECONOMIC DEVELOPMENT THE CAPITOL; SUITE 2001 TALLAHASSEE, FLORIDA 32399-0001 PHONE: 850/ 487-2568 FAX: 8501487-3014 e-mail: vonhofb@eog.state.fl.us 98--100 HOW TO BECOME AN APPROVED SPONSOR To Qualify As A Sponsor, Your Organization Is Required To Meet The Following Criteria: ■ Be one of the following: Community Action Program Community Development Corporation Neighborhood Housing Services Corporation Local Housing Authority. Community Redevelopment Agency Historic Preservation District Agency or Organization Regional Workforce Development Board (formerly Private Industry Council) Direct-SupportOrganization (DSO) Enterprise Zone Development Agency Non-profit corporation affiliated with economic/community development efforts Unit of Local Government Unit of State Government School Board ■ Sponsor a project to construct, improve, or substantially rehabilitate housing, commercial, industrial, or public facilities, or to promote entrepreneurial or job development opportunities for low-income persons. ■ Sponsor an eligible project in an area designated as a Florida Enterprise Zone. A project designed to construct or rehabilitate housing for low-income persons does not have to be located in an Enterprise Zone. The following is a list of Florida Enterprise Zones: (Please see page 3) 2 FLORIDA ENTERPRISE ZONES AREAS LOCATED WITHIN THESE CITIES OR COUNTIES ARE DESIGNATED AS ENTERPRISE ZONES: Bradenton Century Chipley/Washington County Daytona Beach DeFuniak Springs Dixie County Everglades City Ft. Lauderdale/Broward County Ft. Myers/Lee County Ft. Pierce Franklin County Freeport Gainesville Gulf County Immokalee (Collier County) Jackson County Jacksonville Metropolitan Dade County Milton/Santa Rosa County Oak Hill Orange County Pahokee Palm Beach County Palmetto/Manatee County St. Marks St. Petersburg Sebring/Highlands County Tampa Taylor County Wakulla County fA project designed to construct or rehabilitate housing for low-income persons does not have to located in an Enterprise Zone. TO BECOME A SPONSOR, YOUR ORGANIZATION MUST SUBMIT A PROPOSAL TO THE OFFICE OF TOURISM, TRADE AND ECONOMIC DEVELOPMENT WITH THE FOLLOWING INFORMATION: ■ j A copy of your organization's articles of inco4w ation, bye, or other documentation establishing eligibility as a sponsor. ■ A project narrative describing the eligible activity and listing the types) of contributions J to be sought and their intended use. ■ . Documentation that the project is located in an Enterprise Zone. This can be a map or a letter form the local EZDA (not required if your agency is providing housing for low- income persons). ■ /A resolution from the local government (where the nroiect is located) stating that the project is consistent with local plans and regulations (including comprehensive plans). Once your agency has received written approval from OTTED, you may begin accepting eligible contributions. Project approval expires on June 30 of each year. A sponsor must be recertified for each subsequent year to continue to be eligible to accept contributions. 98-1013 08/15/98 22:32 FAX 305 381 6278 ST JOHN CDC A 03 ROW TO BECOME AN APPROVED DONOR WHO IS ELIGIBLE? Any corporation paying Florida corporate income tax, franchise tax or insurance premium tax is eligible to receive a tax credit equal to 50 percent of the value of donations to approved community development projects. Corporations must earn more than $5,000 to take advantage of the credit. WHAT IS AN ELIGIBLE CONTRIBUTION? Cash, property, and goods donated to approved sponsors are eligible for the credit. Dues and services are not eligible donations. A list of all approved sponsors is available from the Office of Tourism, Trade and Economic Development. An organization must be approved as a Community Contribution Tax Credit Sponsor before it receives a donation eligible for this tax credit. HOW MUCH CREDIT CAN A BUSINESS RECEIVE? A business is eligible to receive credits of up to $200,000 per tax year. AN Unused credits may be carried over for up to 5 years. There are 5 million dollars in state tax credits available each fiscal year (July 1 - June 30). To CLAIM A 50 PERCENT TAX CREDIT YOUR BUSINESS NEEDS TO DO THE FOLLOWING: 1. Contact OTTED to determine whether or not the contribution qualifies for a tax credit and if there are tax credits available. 2. Send a completed Application for a Communi Contribution Tax Credit (Form 8E-17TCA#01) to OTTED, with the following attachments: ■ A copy of the check, invoice(s), or deed and appraisal; ■ A copy of the sponsor's approval or recertification letter. ■ Proof that the donation was received by the sponsor. 3. Submit a copy of the approved Application for a Community Contribution Tax Credit AN (form SE- I7TCA#01) and the donation approval letter when you file your Florida Corporate Income Tax Return (form F-1120). H. I WORDICC71CPFAC. DOC 0 VMI 4VI VV vV.1V 1[lp VVV VV1 VrIV J1 VVLl� VYV St John Community Development Corporation List of Addresses Jt Folio Numbers - St. John Apartments Phase IV ADDRESSES FOLIO #'S LEGAL DESCRII''I'ION 1731 NW 15" Avenue 3136-054-0190 Lots 21 and 22, Waddell's Resubdivision of Block 29, Johnson and Waddell's Addition, PB 9-136 1741 NW 1" Avenue 3136-054-0210 Lots 23 and 24, Waddell"s Resubdivision of Block 28, Johnson and Waddell's Addition, PB 9-136 1919 NW To Court 3136-027-0200 Lot 21, Subdivision of Lot 1, Block 17, Erickson's Addition, PB B-93 1929 NW 2nd Court 3136-027-0190 Lot 20, Resubdivision of Lot 1, Block 17, Erickson's Addition, PB B- 93 1931 NW tad Court 3136-027-0160 Lot 11, Resubdivision of Lot 1, Block 17, Erickson's Addition, PB B- 93 1445 NW 1" Place 3136-051-0470 Lots 2 and 3, Block 44, Waddell's Resubdivision, PB 1-169 1210 NW 2nd Avenue 3136-037-0480 Lot 14, Block 9, Sost's Subdivision, PB B-27 1125 NW 2nd Avenue 3136-009-2060 Lot 7, Block 21, Alice Baldwin's Subdivision, PB B-87 and PB 6-43 1135 NW tad Avenue 3136-009-2060 Lot 8, Block 21, Alice Baldwin's Subdivision, PB 13-87 and PB 643 0 -V i .. „ 4 9'1Q,41- 3 --. --• -- ---a- .- --V vVi VLIV J1 JVa\ V1/V 185 NW I I'Terrace 3136-009-2060 1600 NW Ia Avenue 3I25-048-I 180 1610 NW I" Avenue 1620 NW 1" Avenue 1640 NW 1" Avenue 111 NW 16'h Street Lot 9, Block 21, Alice Baldwin's Subdivision, PB B-87 and PB 6-43 . Lots 4, 5, 8, 9, and 12, Block 33, Waddell's Addition, PB B-53 4 J8-10i3