HomeMy WebLinkAboutR-98-1210J-98-1238
12/8/98
RESOLUTION NO
98-1210
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
ALLOCATE FUNDS, SUBJECT TO CERTAIN TERMS AND
CONDITIONS AS SPECIFIED HEREIN, FROM THE
CITY'S FY 1998-1999 HOME INVESTMENT
PARTNERSHIP PROGRAM, IN THE AMOUNT OF
$500,000, FOR THE DEVELOPMENT OF WYNWOOD
TOWER APARTMENTS, CONSISTING OF APPROXIMATELY
186 UNITS OF AFFORDABLE RENTAL HOUSING, TO BE
LOCATED IN THE WYNWOOD NEIGHBORHOOD AT
SOUTHEAST 2ND AVENUE AND 23RD STREET, MIAMI,
FLORIDA, BY WYNWOOD TOWER APARTMENTS, LTD.,
WHOSE DEVELOPERS ARE GREATER MIAMI
NEIGHBORHOODS, INC. AND AFFORDABLE
NEIGHBORHOODS, INC.; AUTHORIZING THE CITY
MANAGER TO EXECUTE THE NECESSARY DOCUMENTS,
IN A FORM ACCEPTABLE TO THE CITY ATTORNEY,
FOR SAID PURPOSE.
WHEREAS, a severe shortage of affordable housing exists in
the City of Miami for families and individuals of very low, 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 affordable housing in the City of
Miami; and
WHEREAS, in June 1998, the City of Miami was awarded
approximately $4,520,000 in FY 1998-1999 HOME Partnership Program
CITY COMMSSION
MEETING OF
DEC 0 8 1998
Resolution No.
98-1210
funding from
Development; and
the U.S. Department of Housing and Urban
WHEREAS, said project sponsor is preparing an application
for funding from the State of Florida for financial assistance
through the State's Housing Credit Program for the development of
the proposed housing project; and
WHEREAS, it is recommended that the City Commission
authorize the City Manager to allocate funding from the City's
FY 1998-1999 HOME Investment Partnership Program, in the amount
of $500,000 for the development of the Wynwood Tower Apartments,
consisting of approximately 186 units of affordable rental
housing to be located in the Wynwood Neighborhood at Southeast
2nd Avenue and 23rd Street, Miami, Florida, by Wynwood Tower
Apartments, Ltd., whose developers are Greater Miami
Neighborhoods, Inc. and Affordable Neighborhoods, Inc., subject
to compliance with certain 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
- 2 - 98-1210
Section.
Section 2. The City Manager is hereby authorized to
allocate funding from the City's FY 1998-1999 HOME Investment
Partnership Program, in the amount of $500,000 for the
development of the Wynwood Tower Apartments, consisting of
approximately 186 units of affordable rental housing, to be
located in the Wynwood Neighborhood at Southeast 2nd Avenue and
23rd Street, Miami, Florida, by Wynwood Tower Apartments, Ltd.,
whose developers are Greater Miami Neighborhoods, Inc. and
Affordable Neighborhoods, Inc., subject to the conditions that
(1) financing to complete construction of the project must be
secured, and (2) approval must be granted from the Florida
Housing Finance Corporation through the State of Florida's
Housing Credit Program for assistance in financing said project.
Section 3. The City Manager is hereby authorizedY to
execute the necessary documents, in a form acceptable to the City
Attorney, for said purpose.
Section 4. This Resolution shall become effective
l� 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.
- 3 - 98-1210
immediately upon its adoption and signature of the Mayor.2/
PASSED AND ADOPTED this ath day of December , 1998.
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 l�-g y w +jr,, , ,f ;•
becomes effective with the elapse ofLten0j days from the date of C nrr cs crr regarding same, without the Mayor i eto.
ATTEST:
A:C��/v
wa c eman. City Clerk
WALTER J. FOEMAN
CITY CLERK
CORRECTNESS &
CVrY^TTORNEY
135:BSS
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.
4 -
98-1210
I-r
TO Elvi Gallastegui-Alonso
Agenda Coordinator
CITY OF MIAMI, FLORIDA 51
INTER -OFFICE MEMORANDUM
DATE : November 24, 1998 FILE :
SUBJECT : Agenda Items
FROM D ald H. Warshaw REFERENCES
City Manager ENCLOSURES:
Please place the following items on the December 8, 1998 City Commission agenda for
discussion as per Commissioner Plummer's request:
1. Wynwood Towers Housing Project
2. Everglades Apartment
3. Miami Limited
98-i110