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Home My WebLink AboutR-95-0648J-95-771 9/1/95 RESOLUTION NO `- N C" �! ( A RESOLUTION RELATING TO THE DEVELOPMENT OF A 90 UNIT AFFORDABLE HOMEOWNERSHIP HOUSING Rescinded by R-95-853 WHEREAS, the City Commission recognizes that participation of both the public and private sector is necessary to foster the development of housing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 May 1995, the Urban League of Greater Miami Inc. submitted a formal application to the City of Miami funding in the amount of $4,750,000 to be provided in the rm a grant, in connection with the development of an 4 unit affordable housing project on a site located at N west th and 69th Streets between Northwest 7th and 10th Avenu iami, Florida; and WHEREAS, after several meetings with resentati of the Urban League of Greater Miami, Inc. an ig anor H s, Inc. (joint venture partner), the City A ist expressed concerns relative to the rk fe sibility of developing approximately 96 nho its an 8 single family homes on the eleven (11) ac t.rac n the price range of $80,000 - $90,000; an WHEREAS, City s ff has al exp essed concerns relative to a portion of the dev ment sit erhaps being contaminated with hazardous o c ma s a result of a dry cleaners business ch ly operated near Northwest 7th Avenue betwe�ort t 67th cal Streets, Miami, Florida; and ort to address the aforementioned concerns ity of Miami making any firm commitments for financing in connection with the proposed Knight ect, the City Administration has recommended that 93- 648 Rescinded by R-95-853 the Urban League of Greater Miami, Inc. carry out several predevelopment activities in order to further assist the City in assessing the economic feasibility of the proposed project, in addition to addressing the city's concerns relative to the environmental status of the site; and WHEREAS, in an effort to move the development of aforementioned housing project forward, the City Admini tion recommends the provision of $50,000 in City HOME Prog funds defray the cost of predevelopment activities in conn o ith the proposed housing project; and WHEREAS, the City Administration rther o s providing a preliminary allocation f r Iect con uction funding, in an amount not to exceed $2, 000, er wo year period from the City's Home Inves t Part n ip ram and/or Community Development Block G ant g to the Urban League of Greater Miami, Inc. rin ditional project funding commitments in an equ addedolkInt M politan Dade County and/or the State of F ida; tion 1. , this Rescinded by R-95-853 BY THE COMMISSION OF THE CITY recitals and findings contained in the solution are hereby adopted by reference ited herein as if fully set forth in this 95- Section 2. The City Manager is hereby authorized to allocate and disburse funding from the City's Home Investment Partnership Program, in an amount not to exceed $50,000, to the Urban League of Greater Miami, Inc. to defray the costs associated with the predevelopment activities in connection wi the development of the proposed Knight Manor Homes Project, 0 unit affordable Homeownership Housing Project plan f development on an eleven acre parcel located at No est th and 69th Streets between 7th and 10th Avenues in t od ity Neighborhood, Miami, Florida. Section 3. The City Manager is by a ri o allocate funding as a preliminary c tment fo project construction, in an amount not to exc $2, 000, r a two (2) year period from the City's Home est artnership Program and/or Community Develop Program, subject to the Urban League of Gre Mi Inc. securing additional project funding commitme in qua ount from Metropolitan Dade County and/or State of rida, and a satisfactory resolution of any vironment issues associated with the development sit Sectio The nager is hereby authorized"/ to execute th ec uments, in a form acceptable to the City Atto, to implement id allocations for said project. ff authorization is further subject to compliance requirements that may be imposed by the City including but not limited to those prescribed by le City Charter and Code provisions. Rescinded by R-95-853 Section 5. This Resolution shall become effective immediately upon its adoption. i PASSED AND ADOPTED this 14th day of September i STEPHEN P . CLT' MAY(- ATTEST: ,i TER J. ?MA CITY CLERK NET REVIE r %}PPRO r FRANK ST NEDA NET DIRECTOR PREPARED AND REVIEW L NDA KELLY KEARSO ASSISTANT CITY ATT(, ?EY I ,II APPROVED TO FO ECTNESS: - 5 - Rescinded by R-95-853 95- 648 .. . -.-v. .-IVG 1YILIV1%JnMV4LlUIYI TO Honorable Mayor and Members of the City Commission FROM: Cesa io City ger RECOMMENDATION: DATE SEP _ C 1995 FILE : SUBJECT : Resolution Relating to Urban League of Greater Miami, Inc. Sponsored REFERENCES :Housing Project City Commission Agenda ENCLOSURES :Item - September 14, 1995 It is respectfully recommended that the. City Commission adopt the attached Resolution related to the development of a 90 unit affordable homeownership housing project planned for development of an eleven (11) acre parcel located at Northwest 67th and 69th Streets between Northwest 7th and loth Avenues in the Model City neighborhood by the Urban League of Greater Miami, Inc. The attached resolution authorizes the City Manager to allocate and disburse funding from the City's Home Investment Partnership Program (HOME Program) in an amount not to exceed $50,000 to the aforementioned corporation to defray the costs associated with predevelopment activities in connection with the development of the proposed Knight Manor Homes Project. The attached resolution further authorizes the City Manager to preliminarily allocate project funding in the amount of $2,375,000 over a two (2) year period from the City's Home Investment Partnership Program and/or Community Development Block Grant Program, subject to the Urban League of Greater Miami, Inc. securing additional project funding commitments in an equal amount from Metropolitan Dade County and/or State of Florida. Further authorizing the City Manager to execute an agreement with the aforementioned corporation in connection with the $50,000 in predevelopment funding allocated. BACKGROUND: NET recommends ratification of the attached resolution related to the development of a 90 unit affordable homeownership housing project planned for development on an eleven (11) acre parcel located at Northwest 67th and 69th Streets between Northwest 7th and loth Avenues in the Model City neighborhood by the Urban league of Greater Miami, Inc. In May of 1995, the Urban League of Greater Miami, Inc. submitted a formal application to the City of Miami for funding in the amount of Honorable Mayor and Members of the City Commission Page 2 $4,750,000, to be provided in the form of a grant, in connection with the development of an one hundred thirty four (134) unit affordable housing project planned in the Model City neighborhood. The Urban League's initial proposal called for the development of ninety six (96) townhome units and thirty eight (38) single family homes in the price range of $80,000-$90,000. At that time, City staff expressed concerns relative to the market feasibility of developing exclusively townhomes on the eleven (11) acre tract in the price range of $80,000-$90,000, in addition to concerns regarding a portion of the parcel being contaminated with hazardous or toxic materials as a result of a dry cleaners business previously situated on Northwest 7th Avenue. In an effort to address the aforementioned concerns, City staff is recommending that the Urban League of Greater Miami, Inc. undertake several predevelopment activities in order to further assist the City in reviewing and assessing the economic feasibility of the proposed project. $50,000 in HOME Program funding is being recommended to assist the organization in defraying the cost of securing an environmental assessment of the project site, in addition to a project feasibility and marketability of the proposed Knight Manor Homes proposal. The attached resolution further authorizes the City Manger to preliminarily allocate project funding in the amount of $2,375,000 over a two (2) year period from the City's Home Investment Partnership Program and/or Community Development Block Grant Program, subject to the Urban League of Greater Miami, Inc. securing additional project funding commitments in an equal amount from Metropolitan Dade County and/or State of, Florida. Moreover, this financial commitment from the City of Miami would be subject to the City's acceptance of a favorable economic/marketability study relative the proposed project, in addition to a satisfactory resolution of any environmental issues which may affect the development site. In an effort to further promote the development of new affordable homeownership housing units in the City, City Commission ratification of the attached resolution is recommended. L