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HomeMy WebLinkAboutR-94-0191AML y 1 1 J-94-221 _ 3/11l94 r 9 41 191 RESOLUTION NO. A RESOLUTION APPROVING) IN PRINCIPLE, THE ` DESIGNATION OF CHRISTIAN COMMUNITY SERVICE AGENCY (CCSA) AND NEW HOPE-OVERTOWN, ' NOT -FOR -PROFIT CORPORATIONS, AS SPONSOR TO UNDERTAKE THE DEVELOPMENT OF A 120-UNIT • MULTIGENERATIONAL-HOUSING PROJECT, AFFORDABLE TO ELDERLY INDIVIDUALS AND FAMILIES OF LOW AND MODERATE INCOME, ON SEVERAL PARCELS OF CITY -OWNED LAND LOCATED AT NORTHWEST 6TH AND 8TH STREETSBETWEEN NORTHWEST STH AND 6TH AVENUES IN THE OVERTOWN NEIGHBORHOOD, MIAMI, FLORIDA, SUBJECT TO SAID CORPORATIONS PROVIDING EVIDENCE ACCEPTABLE TO THE CITY OF i FIRM COMMITMENT FOR PROJECT CONSTRUCTION AND PERMANENT FINANCING, AS HEREIN SPECIFIED, TO BE SUBMITTED WITHIN TWELVE (12) MONTHS FROM THE _DATE OF THIS ACTION FOR FINAL CONSIDERATION AND APPROVAL BY THE CITY COMMISSION; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE A FAIR RETURN TO THE CITY FOR THE VALUE OF SAID PARCELS WITH CHRISTIAN COMMUNITY SERVICE AGENCY AND NEW HOPE-OVERTOWN. 4 WHEREAS, there exists, in the City of Miami, a severe 1 shortage of affordable housing for families and individuals of low and moderate income; and WHEREAS, the City Commission recognizes that participation of both 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 ,v CITY COMMISSION MEETING OF MAR 2 4 1994 Resolution No. 94- 191 -1- Seotion 1. The reoitals and findings oontained in the Preamble to this Resolution are hereby adopted by referenoe -2- 94- 191 1 1 thereto and incorporated herein as if fully set forth in this Section. { , jf}) Section2. Christian Community Service Agency (CCSA)and New Hope-Overtown, not -for -profit corporations, are hereby designated, in principle, as sponsor to undertake the development of a 120-unit multigenerational housing project affordable to elderly individuals and families of low and moderate income on several parcels of city -owned vacant land located at Northwest 6th and 8th Streets between Northwest 5th and 6th Avenues in the Overtown Neighborhood, Miami, Florida. Said sponsor designation is conditioned upon CCSA and New Hope-Overtown submitting the following criteria for City Administration verification and City Commission review and approval within twelve (12) months from the date of this.action: (1) Final project site plan, unit plans and specifications. (2) Verifiable evidence of firm commitments for construction and permanent financing in accordance with 4 the project sponsor's proposal to develop the subject site. (3) Contruotion schedule and management plans. Section 3. The City Manager is hereby further authorized to negotiate a fair return to the City for the value of said parcels with CCSA and New Hope-Overtown for subsequent approval by the City Commission. Section 4. This Resolution shall become effective ! immediately upon its adoption. i 1 �4- 191 -3- '0 % PASSED AND ADOPTED this 24th day of March' 1994. zr STEPH9N P. CLARK, MAYOR ATTE MATTY HIRAI CITY.CLERK PREPARED AND APPROVED BY: SEAN F. JONES11 ASSISTANT, CITIVATTORNEY APPROVED AS TO FORM AND CORRECTNESS: hr G- A( QUION JO,90, III CITY ATTOPMY - 9 191 -4- afr •`•� ry� �19 E` MAR-1+4-9+4 MOW 11 1� CITY OF MIAMI. FLORIDA INTER -OFFICE MEMORANDUM 26 TO Honorable Mayor and DATA . � , 4 FILE Members of the City Commission SUMECT : RemoluLion Relating' to law Development of City -Owned Parcels in Ovortown FROM : Co di0 REFERENCES : Neigliburhood..�,. CCSA/New Cit acer HOPE-Oyertowh ' ENGLOWREa; City Commission Agenda Item March 24,-1994 - .. �ltl�►TI12�1 � It is reipectfully recommended that the City`Commission adopt tho attached resolution relating to the development of a,�120 unit residential housing project proposed, for developme intL on Several parcels of vacant land under city -ownership located` -at Northwest 8th and 8th Streets between Northwest .5th and dth Avenues by ChristianCommunity Service Agency (CCSA) and Now Hope»Overtown. The attached resolution approves in principle, the designation of Christian Community Service Agency and New Hope-Overtown, not- for -profit corporations, as sponsor to undertake the development or approximately 120 unite of.housing affordable to 'very low, low and moderate income families and elderly individuals on the subject city -owned parcels. The attached 'resolution further: requires that final designation of the. aforementioned I"not-for- profit corporations as P%ject sponsor is predicated' upon the submission within twelve (12)• months from the date of this conditional Award for the City Administration's verification and tho City Commission's review and approval. (1)' Final project site plan,, unit plane and specifications.' (2) 'Verifiable evidence of firm commitments for construction and pormanent financing in accordance with the project sponsors, proposal to dovelap tho subject site. (3) Land reimbursement provisions that provide a fair return to the City for value of the subject parcels. AQUE UND The Department of Development and Housing Conservation recommends. ratification of the attached resolution which approves in pr.inciplo, the designation of Christian Community Service Agency and New hope-overtown as sponsor to undertake the development of 9 4 - 191