HomeMy WebLinkAboutR-95-0535RESOLUTION NO. 9 5 "` 5 3 5
A RESOLUTION, AUTHORIZING THE CITY MANAGER TO
ALLOCATE AN AMOUNT NOT TO EXCEED $1,050,000
FROM THE CITY'S HOME INVESTMENT PARTNERSHIP
PROGRAM (HOME PROGRAM) FOR THE PURPOSE OF
MAKING PAYMENT AND TO SATISFY THE OUTSTANDING
MORTGAGE WITH THE CITY OF MIAMI'S DEPARTMENT
OF OFF-STREET PARKING, FOR THE PURCHASE OF
SIX (6) VACANT PARCELS LOCATED AT
APPROXIMATELY 1435, 1453 AND 1461 SOUTHWEST
8TH STREET FOR USE IN CONNECTION WITH THE
LATIN QUARTER SPECIALTY CENTER PROJECT;
AUTHORIZING THE CITY ATTORNEY TO PROCEED TO
CONSUMMATE THE CLOSING OF THIS REAL ESTATE
PURCHASE TRANSACTION.
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 within the affordability range of the
City's low and moderate income families and individuals; and
WHEREAS, in June of 1991, through Resolution No. 91-448, the
City Commission authorized the purchase of six (6) parcels of
land from the City's Department of Off -Street Parking for
,$1,337,414 in connection with the development of the proposed
Latin Quarter Specialty Center Project; and
WHEREAS, the City has paid $300,000 to the Department of
Off -Street Parking with an outstanding mortgage balance due of
approximately $1,037,414 in connection with the aforementioned
land purchase transaction; and
C= commSsXON
!SEEPING OF
J U L 13 1995
Revolution No.
95- 535
WHEREAS, funding in the amount of $1,050,000 is available
from the City's Home Investment Partnership Program (HOME
Program), for the purpose of making payment to satisfy the
outstanding mortgage balance due to the Department of Off -Street
Parking; and
WHEREAS, the City Administration recommends allocating said
funds to defray the cost of satisfying the outstanding purchase
money mortgage for the six (6) parcels located at 1435, 1453 and
1461 Southwest 8th Street, Miami, Florida;
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
allocate an amount, not to exceed $1,050,000 from the City's Home
Investment Partnership Program (HOME Program), for the purpose of
making payment and to satisfy the outstanding mortgage with the
Department of Off -Street Parking for the parcels located at 1435,
1453 and 1461 Southwest 8th Street.
i
Section 3. The City Attorney is hereby authorized to
proceed with the closing of the hereinabove real estate purchase
transaction.
Section 4. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 13th day of July, 1995.
STEPHEN P. CLAR , MAYOR
ATTEST:
AL ER J :" FOE1194V, CITY :CLERK
NET REVIEW AN PR
FPJtqK T , DIRECTOR
DEPA MENT OF NET
FINANCE AND BUDGETARY REVIEW:
MANOHAR S. SURAN
ASSISTANT CITY MANA
PREPARED AND APPROV D BY..
LINDA KELLY KEARSON
ASSISTANT CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
I
A' QLANN J1lbp99, III
CITY ATTO Y
-3- 95- 535
^N�
• CITY OF MIAMI, FLORIDA
i INTER -OFFICE MEMORANDUM 2
8
To : Honorable Mayor and DATE : JUN 2 9 1995 FILE ;
Members of the City Commission
SUBJECT : 'Resolution Authorizing
the City Manager to Re-
allocate $1,050,000 in
CesarVer
o Unexpended CDBG Funding
FROM : City REFERENCES:
City Commission Agenda
ENCLOSURES: Item - July 13, 1995
RECOMMENDATION:
It is respectfully recommended that the City Commission adopt the
attached resolution, directing the City Manager to reallocate an
amount not to exceed $1,050,000 in unexpended Community
Development Block Grant (CDBG) Program funds from CDBG Project
entitled "Citywide Single Family Housing Rehabilitation Loan
Program Revenue Account" for transfer to "CDBG Project Land
Acquisition", for the purpose of making payment to satisfy the
outstanding mortgage with the City's Department of Off -Street
Parking, in connection with the purchase of six (6) vacant
parcels located at 1435, 1453 and 1461 Southwest 8th Street.
BACKGROUND
The Department of NET/Community Development recommends
ratification of the attached resolution, directing the City
Manager to reallocate an amount not to exceed $1,050,000 in
unexpended. Community Development Block Grant Program funds from
CDBG Project entitled "Citywide Single Family Housing
Rehabilitation Loan Program Revenue Account" for transfer to
"CDBG Project Land Acquisition", in connection with the
acquisition of six (6) vacant parcels from the City's Department
of Off -Street Parking.
In June of 1991, through Resolution No. 91-448, the City
Commission authorized the purchase of six (6) vacant parcels
located at 1435, 1453 and 1461 Southwest 8th Street in connection
with the development of the Latin Quarter Specialty Center
Project in the Little Havana neighborhood. The City has paid
$300,000 to the Department of Off -Street Parking with an
outstanding mortgage balance due of approximately $1,037,414 in
connection with the aforementioned purchase transaction.
95-� 535 � �
"
Page 2
Funding in the amount of $1,050,000 has been identified and is
available from. CDBG Project entitled "Citywide Single Family
Housing Rehabilitation Loan Program Revenue Account" for
acquisition of the subject parcels. —`
In an effort to provide affordable homeownership opportunities in
the Little Havana neighborhood, City Commission ratification of
the attached resolution is recommended.
95- 535
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO ; Walter J. Fowl DATE : June 16, 1995 FILE ;
City Clerk
Office of the City Clerk SMELT : Request to Publish Notice for
Public Hearing
FROM : Jofty B. Ilcpburn REFERENCES:
Assistant Dh=Wr
Department of NET VNI31 MIRFR
This momorandum scn+cs to rcqucst the assistance of your office in making arrangements to
publish a Notice of Public Ilcaring to discuss a pivpusc rvallucation of unexpended Community
r3evelopment Alook Gnmi Program funding in the wwwa of $1,050,000 and the Intended use of
said funds. This item is boing schcdulcd for City Cuminissiun ratitl[Mlon at their July 13, lyyS
City Commission meeting.
The date and time of this public hcaring will be July 13,1995 tit JQM a.m.
CC: crank Ca"eda, Dirft-tor
Department of NET
Approved
Elvi Gallastcgui
Agcada Cuurdinawr
95- 5S5
3
nl k'f.�=
CITY OF MIAMI
NOTICE OF PUBLIC HMING
A public hearing will be held by the Commission of the City of
Miami, Florida, on July 13, 1995 at 1000 a.m. in the City
commission Chambers at City Hall, 3500 Pan American Drive, Miami,
Floridan, to dlacuaa a proposed LealluuaLiun of unexpended
Community Development Block Grant Program funding in tho amount
of-$1,050,000 and the intended use of said funds.
The proposed reallocation involves a reprogramming of $11050,000
in unexpended community Mvelopment Block Grant Program funds
from CDBG Project entitled "Citywide Siuylts Fanilly Hauaing
Rehabilitation Loan program Revenue ,Account" for tranufar to
"CDBG Project Land Acquisition", for the purpose of acquiring six
(5) vacant parcels located in the Little Havana neighborhood for
the development of an affordable residential/retail mixed use
Pru jec:t.
All intwrAxtad persons are invited to appear and may be heard in
connection with this item. Should any person desire to appeal any
decision of the City Commission with respect to any matter
considered at this public hearing, that person shall ensure that
a verbathn reuuL-d cif the proceedings is made, including all
testimony and evidences upon which any appeal may be based.
(City Seal) WALTER FOEMAN
( Req#k ) CITY CLERK
95- 535
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