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HomeMy WebLinkAboutR-96-07261i F i E S J-96-1109 `M"1 RESOLUTION NOP 6 _ 726 A RESOLUTION, WITH ATTACHMENTS, APPROVING THE DESIGNATION OF WIND & RAIN, INC. ("PROJECT SPONSOR"), A FOR -PROFIT CORPORATION, AS SPONSOR TO UNDERTAKE THE DEVELOPMENT OF SIX (6) NEW SINGLE FAMILY HOMES AFFORDABLE TO FAMILIES AND INDIVIDUALS OF LOW AND MODERATE INCOME ON FIVE (5) CITY -OWNED VACANT PARCELS LOCATED IN THE COCONUT GROVE NEIGHBORHOOD, WHICH ARE MORE PARTICULARLY AND LEGALLY DESCRIBED IN EXHIBIT "A", ATTACHED HERETO, SUBJECT TO SAID CORPORATION PROVIDING EVIDENCE ACCEPTABLE TO TIIE CITY OF FIRM COMMITMENTS FOR PROJECT CONSTRUCTION AND PERMANENT FINANCING; DIRECTING THE AFOREMENTIONED PROJECT SPONSOR TO FINALIZE HOUSING PLANS AND SPECIFICATIONS, CONSTRUCTION SCHEDULE FOR COMPLETION WITHIN TWELVE (12) MONTHS FROM THE DATE OF CONVEYANCE OF PARCELS BY THE CITY; ESTABLISHING $24,900 AS THE REIMBURSEMENT AMOUNT TO BE PAID BY WIND & RAIN, INC. TO THE CITY OF MIAMI FOR SAID PARCELS FOR ITS COST OF SITE ACQUISITION; FURTHER ESTABLISHING $80,990.00 AS THE MAXIMUM SALE PRICE FOR EACH NEWLY CONSTRUCTED SINGLE FAMILY HOME TO BE SOLD TO THE PROSPECTIVE HOMEBUYER; AUTHORIZING TIIE CITY MANAGER TO EXECUTE THE APPROPRIATE LEGAL DOCUMENTS IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, CONVEYING SAID PARCELS, SUBJECT TO CERTAIN TERMS AND CONDITIONS. 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 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 CITY CODDUSSION MEETING OF OCT 1 C 1996 Resolution No. (� 76— r5 26 WHEREAS, on July 25, 1996, through Resolution No. 96-576, the City Commission approved the designation of Wind & Rain, Inc., as the sponsor for the development of six (6) new single family biomes, on five (5) city -owned vacant parcels located in the Coconut Grove neighborhood, affordable to low and moderate income homebuyers; and WHEREAS, pursuant to Resolution No. 96-576, the aforementioned action was subject to Wind & Rain, Inc. constructing a comparable housing unit to that of Palmetto Homes of Miami, Inc., for two thousand dollars ($2,000) less, in addition to the City Commission's review and approval of the housing plans and specifications; and WHEREAS, in an effort to promote the development of affordable housing in the City, the City Administration recommends the granting of development rights to Wind & Rain, Inc., for the development of six (6) new single family homes on the city -owned parcels in the Coconut Grove neighborhood, 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. Wind & Rain, Inc., a for profit corporation, is hereby designated, as Sponsor to undertake the development of six (6) new single homes affordable to low and moderate income families and individuals on five (5) vacant City -owned parcels located in the Coconut Grove, neighborhood, more particularly described in Exhibit A, subject to - 2 - 96- 726 said corporation providing evidence acceptable to the City of firm commitments for project construction and permanent financing. Section 3. Wind & Rain, Inc., is hereby directed to prepare and finalize housing plans and specifications, construction and permanent financing, construction schedule for the obtaining of building permits within six (6) months and construction to be completed within twelve (12) months from the date of site conveyance. Subject parcels to revert - back to the City if construction is not completed within twelve (12) months from the date of conveyance. Section 4. The City Commission hereby establishes $24,900 as the acquisition amount to be paid by the Sponsor to the City of Miami for said parcels for the subsequent development of the six (6) new single family homes being planned. i Section 5. The City Commission hereby establishes $80,990 as the maximum sales price for the new single family homes being planned for construction by Wind & Rain, Inc. in the Coconut Grove neighborhood. i Section 6. The City Manager is hereby authorized to execute the appropriate f i_ documents, in forms acceptable to the City Attorney, conveying said parcels, more i particularly and legally described in the attached Exhibit "A.", to the Sponsor. The acquisition amount for said parcels to be paid the City, shall be placed in the form of a first or second mortgage lien and satisfied at the consummation of each purchase transaction. Subordination of said lien shall be subject to review and acceptable by the ' 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— City Manager of any further financing provided for the development of the proposed single family homes. Section 7. This Resolution shall become effective immediately upon its adoption. I PAS SED AND ADOPTED this 10 t h day of O c t o b e r , 1996. I ' G� ov— JOrROLL'-D',MA.YOR h QIAINT JOASIIII C'ITV ATTCI N ; EXHIBIT "A" PARCEL NQ, ADDRESS LOT SIZE LEGAL DESCRIPTION 05-06 3664 Oak Avenue 50 X 100 Frow Homestead, PB: B 106, Lot 10, Block 15 05-12 3425 Frow Avenue 100 X 100 Frow Homestead, PB: B-106 Block 13 05-14 3461 Elizabeth Street 75 X 124 Dehedouvilles, PB: B 150, Lot 61 05-17 3648 Oak Avenue 50 X 100 Frow Homestead, PB: B-106, Lot 8, Block 15 05-18 3152 Plaza Street 60 X 110 Carters Addn to Coconut Grove, PB: 2-101, Lots 11 & 12 Wind & Rain, Inc. "Aral 1 am printing God on high, And 1 am praying Him night and day, ` For a little house --a house of ray own — Out of die wind's and the rain's way." An Old Woman of the Roads, st.6 Padraic Colum(1881-1972) r September 5, 1996 Hon. Mayor and Members of the City Commission City of Miami 3500 Pan American Drive Coconut Grove, FL. 33133 RE: RESPONSE OF WIND & RAIN TO REQUEST FOR DETAILS OF HOUSES TO BE BUILT BY WIND & RAIN ON CITY OWNED LOTS IN WEST COCONUT GROVE, FL. Honorable Mayor and Honorable Commissioners: At the July 25, 1996 Meeting of the Commission, Wind & Rain was voted by resolution (Resolution No.96-576 not available as of this date) to have the opportunity to build single family homes for purchase by low to moderate Income families on six (6) City owned lots in West Coconut Grove (Exhibit "A" attached). It is my understanding that you have asked for Wind & Rain to specify exactly what Wind & Rain will build on these City lots, and for how much and when they will be sold, and what remuneration the City shall receive upon sale. Fortunately, recently having built and sold the first three new single family homes constructed by private enterprise "on spec" (Le., not by the City, or by a not -for -profit, or by someone for their own use) in the West Grove in several decades, all to low to moderate income first time homebuyers, Wind & Rain is very happy and confident to say that it is willing to do the following: 1. SALE PRICE Each house will be sold upon completion for $80,990.00. Wind & Rain will be responsible for any and all cost overruns so that this sale price is a fixed price. 2. HOUSE TO BE CONSTRUCTED. Each house will be the Wind & Rain Model House that has previously been built and sold at 3416 Frow Avenue, 3618 Charles Avenue, and 3792 Frow Avenue. These houses are all 3 BR/2 BA concrete block and masonry homes complying with the latest City building codes. The new houses will have central heat and air conditioning, and come equipped with a new refrigerator and new range. All Wind & Rain model houses measure 48 ft X 32 ft (1536 sq. ft. under roof) with a front porch measuring 8 ft X 32 ft. Each new homeowner will be able to select their own carpet (all bedrooms and living room) and the (both baths, kitchen, and dining roam if desired). All bedrooms, exclusive of closets, are not less than 10ft X 11ft, and the roaster bedroom is 11'2" X 12"8". Full. Blueprints are available for inpgctio a the CitylaHousing Division office. Furthermore_,_ Wind and Rain's previous Homebuyerse proud to show their homes to you 3. FINANCING FOR NEW HOMEBUYERS . As with the previous three new houses sold by Wind & Rain, Wind & Rain will assist all prospective homeowners to obtain a first mortgage with a private bank and a second mortage through the City of Miami's HOME program. 6075 Sunset Drive. , Suite 203 .South Miami, FL 33143 Phone (305)374-1515/Fax (305)669-0997 Hon. Mayor and Han. Como ;loners September 5, 1306 page 2 of 2 4. EREFERENCES FOR CITY EMPLOYEES. While Wind & Rain's target market remains low and moderate income first-time homebuyers, Wind & Rain will, if requested by the City, give first preference to City of Miami employees who wish to buy any of the homes to be built on the City of Miami's lots. 5. REMUNERATION TO CITY . Upon completion and sale of each house, Wind & Rain shall from the proceeds at closing pay to the City of Miami the greater of (a) $4,150.00 per lot, or (b) Five (50%) Percent of the Sales Price of each house. 6. TIME FOR COMPLETION . Wind & Rain shall be obligated to complete and sell (or have under ' contract for sale) each house to be built upon a City lot within One (1) year of the date that the City provides good and marketable title to each lot to Wind & Rain, with the sole exceptions being In the cases of force ma/eure or lack of City HOME funds to provide 2d mortgages to the new ' homebuyers. 7. INTENT OF WIND & RAIN . it is Wind & Rain's intent to comply fully with all requirements of City Resolution No. 56-576, which is not available at time of this writing. If this letter has failed to address any concern or requirement, I respectfully request the opportunity to address and/or rectify such concern or requirement. Finally, Wind & Rain's architect, Marilyn Avery, in conjunction with the University of Miami's Center for Urban Community Design headed by Dean Elizabeth Plater-Zyberk, is in the process of designing several new model homes incorporating the recommendations of the recent Coconut Grove Design Study ("the Charette') made for the West Grove. Wind & Rain respectfully requests, when ready , that it be allowed to submit for approval the plans for one or more of these new models to the Commission for possible approval and substitution on one or more of the City lots. Thank you. ISin rely, Anth Sin R. Parrish, Jr. President l f { t i I i i 96 726 Sep-04-96 01:19P I LivingI®Intng 1.2'-v 3: 30'-611 Frond Porch 841 x :l2'-O" E I I Floor Plan The Coconut C-rove Houses Developer Afchit= i wind and Rain, Inc. Rock soup Developmenf- f { 1 t i i l i j I f 4 i E 3 i f 96 726 Sop--04-•96 01 t 19P P.U" STREET A PARKING 0 Y O _ - i COMM M KMCH I i R c i I j TYPICAL HOUS>?BUILDING { • 3 FOOTP RFNT q 1536:;F i p B G a i 1RIQ1{ i GROSS ` LOT AREA: 575t} SF i Nei* LOT AREA: t I 5(m SF t ctuvut'ASpR t v PAII ; FAR = .267 � - FZZIAII 32' xMTSF. SIM 8F1'F)A('K 501 Typical Site Plan The Coconut Grove Houses Dcveloper Architect _. Wind and Rain, Inc. Rock Soup Development i 96- 726 1i Sep-20-96 10:05A City,of Miami - NET 305 579-2450 P.02 CITY OF MIAMI. FLORIDA t INTER -OFFICE MEMORANDUM ML 7 Honorable Mayor and Members DATE: SEP 3 0 1996 F" TO of the City Commission-- SUBJECT Resolution Approving Aff d 1,1 H or a e ous><ng Proposal - Wind & Rain, Inc. FROM . M e REFERENCES ty City Commission Agenda eNCLOSU9ES. Item - October 10, 1996 It is respectfully recommended that the City Commission adopt the attached resolution, approving the designation of Wind & Rain, Inc. ("Project Sponsor"), a for profit corporation, as sponsor to undertake the development of six (6) new single family homes on five (5) parcels of vacant land under city -partnership, located in the Coconut Grove neighborhood. The attached resolution further establishes $24,900 as the reimbursement amount to be paid to the City by Wind & Rain, Inc., for the aforementioned city -owned parcels where the proposed housing unit will be constructed. The attached resolution further authorizes the City Manager to execute the appropriate legal documents for conveyance of the subject parcels, subject to certain terms and conditions. At the July 25, 1996 City Commission meeting, two (2) proposals for the development of affordable housing units on vacant city -awned parcels were presented for City Commission consideration by Mr. Jose Aleman, a representative of Housing Initiative Group, Inc. and Palmetto Homes of Miami, Inc., (Partnership) in addition, to Mr. Anthony R. Parrish, Jr., President of Wind & Rain, Inc. Based on the presentations of both developers, the City Commission through Resolution No. 96-576, approved Housing Initiative Group, Inc. and Palmetto Homes of Miami, Inc., as sponsor for the development of ten (10) new single family homes or, nine (9) vacant city -owned parcels located in the Model City and Edison/Little River neighborhoods. In addition; through Resolution No. 96-576, the City Commission also approved the designation of Find & Rain, Inc., as sponsor for the development of six (6) new single b6- 7261 ri Sep-20-96 10:06A City of Miami - NET 305 579-2450 P.03 Page 2 family homes targeted for low and moderate income families on city -owned parcels located in the Coconut Grove neighborhood, subject to City Commission approval of the construction drawings and specifications. Moreover, City Commission approval of Wind and Rain, Inc., was also predicated on the sponsor developing a housing unit comparable to the Palmetto Homes of Miami, Inc. proposal at a selling price of $2,000 less. Based on Palmetto Homes of Miami, Inc.'s proposal, the 3 bedroom/2 bath/family room unit consisting of approximately 1.528 sq. ft. w711 be marketed at $82,990. The Wind & Rain, Inc. proposal calls for the construction of a 3 bedroom/2 bath unit consisting of approximately 1,536 sq. ft. which will be marketed at $80,990. The City is in a position to assist the private sector in the development of new homeownership housing, affordable to low and moderate income families in the Coconut Grove neighborhood, by making five (5) parc,,ls of vacant land currently under city - ownership, available for such development. In an attempt to fimher promote the development of new single family homes in the aforementioned neighborhood, it is respectfully requested that the City Commission ratify the attached resolution.