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` J-95-•940
11/28/95 95 - 859
RESOLUTION No.
A RESOLUTION, WITH ATTACHMENT,
AUTHORIZING THE CITY MANAGER TO ENTER
INTO AN AGREEMENT WITH THE DEPARTMENT OF
HOUSING AND URBAN DEVELOPMENT (HUD), IN
SUBSTANTIALLY THE ATTACHED FORM, FOR A
SECTION 108 LOAN GUARANTEE IN THE AMOUNT
OF $5.5 MILLION DOLLARS TO FINANCE THE
DEVELOPMENT OF THE WYNWOOD FREE TRADE
ZONE, A PROJECT OF THE WYNWOOD COMMUNITY
ECONOMIC DEVELOPMENT CORPORATION TO BE
DEVELOPED BY DADE FOREIGN TRADE ZONE,
INC.
WHEREAS, the City of Miami is committed to assisting
non-
profit organizations that develop projects which will create
new
jobs and remove slum and blight in the community; and
WHEREAS the City of Miami on behalf of Dade Foreign Trade
Zone,- Inc., has applied for a $5.5 million Section 108
Loan
Guarantee from HUD for the development of the Wynwood Free Trade
Zone; and
WHEREAS, HUD has officially approved the Section 108
Loan
Guarantee.
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
ATTACHMENT (S)
CONTAINED
CITY COMMISSION
MEETING OF
DEC 0 7 1995
gResolution Nt 9
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. The City Manager is hereby authorized to execute
an agreement with the United States Department of Housing and
Urban Development, in substantially the attached form, for a
Section 108 Loan Guarantee in the amount of $5.5 million dollars
to help f inance the development of the Wynwood Free Trade Zone,
Inc., a project of Dade Foreign Trade Zone, Inc. and the Wynwood
Community Economic Development Corporation.
Section 3. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 7th day nf December 1995.
STEP P. CLARK, MAYOR
FINANCE AND BUDGETARY REVIEW:
AN,
MANOHA�IZ-A
ASSIST MANAGER
PRE D AND APP OVED NET REVIEW W.APPROVAL:
LINDA- KELLk S I:r- EL AT E VS , DIRECTOR
ASSISTANT CITY A O. NET IF
APPROVED AS TO FORM AND CORRECTNESS:
A.=NNN OWS, I I I
CITY ATTtR IVY
LKK/pb/W454
.-2-
95- 859
Ming Approval/Agreement U.S. Department of Hr" . tig
tie I of the Housing and Comrn,,ilty and Urban Developmei,
welo meat Act (Public Law 93-3A) Office of Community Planning
P and Development
i ioman of 206151511 Community Development Block Grant Program
1 59 6000375
TY OF MIAMI, FLORIDA ISo. Project / Grant Number i
B-95—MC-12-0013—A
00 PAM AMERICAN DRIVE CSo. Project / Grant Number 3 I Go. Amount Approved
AMI, FL 33133
ant Agreement
s Grant Agreement between the Department of Housing and Urban Development (HUD) and the above named Grantee is made
suant to the authority of Title I of the Housing and Community Development Act of 1974, as amended, (42 U.S.C. 5301 et seq).
Grantee's submissions for Title I assistance, the HUD regulations at 24 CFR Part 570 (as now in effect and as may be amended
m time to time), and this Funding Approval, including any special conditions, constitute part of the Agreement. Subject to the
visions of this Grant Agreement, HUD will make the funding assistance specified here available to the Grantee upon execution of
Agreement by the parties. The funding assistance specified in the Funding Approval may be used to pay costs incurred on or
sr the date specified in 4 above provided the activities to which such costs are related are carried out in compliance with all
)licable requirements. Pre -agreement costs may not be paid with funding assistance specified here unless they are authorized in
D regulations or approved by waiver and listed in the special conditions to the Funding Approval. The Grantee agrees to assume
of the responsibilities for environmental review, decision making, and actions, as specified and required in regulations issued by
Secretary pursuant to Section 104(g) of Title I and published in 24 CFR Part 58. The Grantee further acknowledges its
ponsibility for adherence to the Agreement by subrecipient entities to which it makes funding assistance hereunder available.
Dope n v 1 t (signature, name, title, dote) Grantee (signature, name, title, date)
KE TH C. W LIAMS, E UTY AS$ TA TjF 5 X
Funding Action
t. Entitlement, Sec'106(b)
i. State -Administered, Sec 106(d)(1)
:. HUD -Administered Small Cities, Sec 106(d)(2)(B)
J. Indian CDBG Programs, Sac 106 (a)(11
i. Surplus Urban Renewal Funds, Sec 1121b)
Special Purpose Grants, See 107
3- Loan Guarantee, Sec 108
5,500,000
Conditions
(check one)
Nona
Attached I S
11. Amount of
Community
Development
Block Grant
a. Funds Reserved For
This Grantee
$ (b. Funds Now Being
Reservation To Be
iceiled 111a minus 11
an Guarantee Acceptance Provisions for
signated Agencies
i public agency hereby accepts the Grant Agreement executed by the
3artment of Housing and Urban Development on the above date with respect to
above grant number(s) as Grantee designated to receive loan guarantee
istance, and agrees to comply with the terms and conditions of the Agreement,
)licable regulations, and other requirements of HUD now or hereafter in effect,
twining to the assistance provided it.
a. Orig.Funding Approval
b. Amendment
c. Amendment
FY 95 FY FY
12b. Name and Complete Address of Public Agency
12c. Signature of Authorized Official (name, title, date) for
Designated Public Agency
X
Gm
xh 1J
1
6
Pro aY A�
M
Area Document No.
Pro solNumber
Cat
Amount Effective
� D
21111110 013
A
Y
Pro act Number
Amount
a
Y
Project Number
Amount
Data Entered PAS
Date Entered LOCC
Batch Number
Transaction Code
Entered by:
Verified by:
,iious )Editions are Obsolete
form HUD-7082 14/14/93)
24 CFR 670
95-- 859
1::
a r.
e CITY OF MIAMI, FLORIDA
• INTER -OFFICE MEMORANDUM
13
Honorable Mayor and Members
TO : of the City Commission DATE ; NOV a }�qr FILE
SUBJECT: Agreement with U.S. HUD for
Section 108 Loan Guarantee on
Wynwood Foreign Trade Zone
FROM : Ces r i REFERENCES: Project
Clty
ENCLOSURES: City Commission Meeting of
December 14, 1995
RECOMMENDATION
It Is respectfully recommended that the City Commission approve the attached Resolution,
authorizing the City Manager to enter into an agreement with the U.S. Department of
Housing and Urban Development (HUD) for a Section 108 Loan Guarantee in the amount of
$5.5 million dollars, to help finance the development of the Wynwood Free Trade Zone, a
project of the Wynwood Community . Economic Development Corporation and the Dade
Foreign Trade Zone, Inc..
BACKGROUND
NET has analyzed the need to enter into agreement with HUD, to accept the $5.5 million
dollars loan guarantee for the development of the Wynwood Free Trade Zone.
O b Foreign Trade Zone hich will be the
n July 31, 1995, the City, on behalf of Dade F ig Inc.,,
` developers of the project, submitted the Section 108 application to HUD.
On September 29, 1995, the City was formally notified by HUD that the Section 108 loan
was approved.
95- 859