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Home My WebLink AboutR-95-0612J-95-772 8/15/95 9 5- 612 RESOLUTION NO. A RESOLUTION, WITH ATTACHMENTS, APPROVING IN PRINCIPLE, THE DESIGNATION OF THE RAFAEL HERNANDEZ HOUSING AND ECONOMIC DEVELOPMENT CORPORATION, A NOT -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 ALLAPATTAH NEIGHBORHOOD, WHICH ARE MORE PARTICULARLY AND LEGALLY DESCRIBED IN THE ATTACHED EXHIBIT "A", SUBJECT TO SAID CORPORATION PROVIDING EVIDENCE ACCEPTABLE TO THE CITY OF FIRM COMMITMENTS FOR PROJECT CONSTRUCTION AND PERMANENT FINANCING; DIRECTING RAFAEL HERNANDEZ HOUSING AND ECONOMIC DEVELOPMENT CORPORATION TO PREPARE AND FINALIZE HOUSING PLANS AND SPECIFICATIONS, COrTRUCTION AND PERMANENT FINANCING, AND CONNTRUCTION SCHEDULE FOR COMPLETION WITHIN TWELVE (12) MONTHS FROM THE DATE OF THIS ACTION; ESTABLISHING $40,465 AS THE REIMBURSEMENT AMOUNT TO BE PAID BY THE SPONSOR TO THE CITY OF MIAMI FOR SAID PARCELS FOR ITS COST OF SITE ACQUISITION; AUTHORIZING THE 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 WHEREAS, in an effort to promote the development of affordable housing in the City, the City ATTACHMENT (S) ONTAINEQ CITY Cob MISSION !MEETING OF SEP 1 4 1995 Resolution No. 95-- 612 recommends the granting of development rights to the Rafael Hernandez Housing and Economic Development Corporation, for the development of six (6) new single family homes on the City -owned 1 parcels, subject to certain terms and conditions; i 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. i Section 2. Rafael Hernandez Housing and Economic Development Corporation, a not -for -profit corporation, is hereby I designated, in principle, as sponsor to undertake the development of six (6) new single family homes affordable to low and moderate income families and individuals on several vacant City -owned parcels located in the Allapattah neighborhood, more particularly described in Exhibit A, subject to said corporation providing evidence acceptable to the City of firm commitments for project construction and permanent financing. Section 3. Rafael Hernandez Housing and Economic 1 Development Corporation 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 this action. Subject parcels to revert back to the City if construction is not completed within twelve (12) months from the date of this action. -2- 95-- 612 Section 4. The City Commission hereby establishes $40,465 as the acquisition amount to be paid by the sponsor to the City I of Miami for said parcels for the subsequent development of the i I six (6) new single family homes being planned. Section 5. The City Manager is hereby authorized 1/ to execute the appropriate documents, in forms acceptable to the City Attorney, conveying said parcels, more particularly and I 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 mortgage lien and satisfied at the consummation of each purchase transaction. Subordination of said lien shall be subject to review and acceptance by the City Manager of any further financing provided for the development of the proposed single family homes. Section 6. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 14th day of e tember , 1995. STE HEN P. CLIWK, MAYOR ATTES WALTER J.! MAN, CITY CLERK 1/ 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- 95- 612 EXHIBIT "A" PARCEL NO. ADDRESS LOT SIZE LEGAL DESCRIPTION 03-23 3500 NW llth Avenue 90 x 139 S. 90 ft. of E. 03-24 03-12 03-18 03-30 138.546 ft. of a portion of Lyndon Park Unrecorded Plat 788 NW 35th Street 50 x 138 Suwanne Park, PB: 12-69, Lot 5 less N. 5 ft., Block 1 3453 NW llth Court 75 x 138 Buena Vista Park, PB: 2-89, Lot 7 & N. 1/2 of Lot 8, Block 7 3300 NW 9th Court 120 x 100 Buena Vista Park, (Lot 5 & 6) PB: 4-170, Lot 5 & 6, less W. 15 ft., Block 4 1264 NW 31st Street 49 x 125 Westend Park Amd., PB: 6-142, Lot 20, Block 6 95- 612 PREPARED AND APPROVED BY: I A KELLY KEARSON ASSISTANT CITY ATTORN Y APPROVED AS TO FORM AND CORRECTNESS: A QU N J , II CITY ATTO EY -4- 95- 612 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM 1 TO : Honorable Mayor and Members DATE : SEP -1 1995 FILE of the City Commission SUBJECT : Resolution Relating to Development of Five (5) City -owned Parcels in Cesar Allapattah Neighborhood FROM : City W REFERENCES: City Commission Agenda ENCLOSURES: Item - September 14, 1995 Iff 9d• W I • It is respectfully recommended that the City Commission adopt the attached Resolution approving in principle, the designation of the Rafael Hernandez Housing and Economic Development Corporation, a not -for -profit housing corporation as sponsor to undertake the development of six (6) new single family homes on five (5) parcels of vacant land under city -ownership located in the Allapattah neighborhood. The attached resolution further establishes $40,465 or fifty (50%) of the City's cost for site acquisition as the reimbursement amount to be paid to the City by the Rafael Hernandez Housing and Economic Development Corporation, for the aforementioned city -owned parcels where the proposed housing units 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. BACKGROUND: NET recommends ratification of the attached resolution, approving in principle, the designation of the Rafael Hernandez Housing and Economic Development Corporation, as sponsor to undertake the development of six (6) new single family homes on five (5) parcels of vacant land currently under city -ownership in the Allapattah neighborhood. The attached resolution designates the Rafael Hernandez Housing and Economic Development Corporation as sponsor and directs the organization to prepare final housing plans and specifications, construction and permanent financing, in addition to a construction schedule for the completion of the new single family homes within twelve (12) months from the date of this action. Honorable Mayor and Members of the City Commission Page 2 The attached resolution further establishes $40,465 or fifty (50%) percent of the City's cost for site acquisition as the amount to be reimbursed to the City by the project sponsor. In the event that the Rafael Hernandez Housing and Economic Development Corporation is unable to commence or complete the construction of the homes within twelve (12) months from the date of this action, the subject parcels will revert back to the City. 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 Allapattah neighborhood, by making five (5) parcels of vacant land currently under the city -ownership available for such development. In an attempt to further promote the development of new single family homes in the Allapattah neighborhood, City Commission ratification of the attached resolution is recommended. 95" 612 LE