HomeMy WebLinkAboutR-93-0767RESOLUTION NO.
93- 767
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A RESOLUTION AUTHORIZING THE CITY MANAGER TO
EXECUTE AN AMENDMENT, IN A FORM ACCEPTABLE TO
THE CITY ATTORNEY, TO AN EXISTING AGREEMENT
BETWEEN THE CITY OF MIAMI AND ALLAPATTAH
BUSINESS DEVELOPMENT AUTHORITY, INC. (ABDA)
FOR THE PURPOSE OF EXTENDING SAID AGREEMENT
FROM THIRTY-SIX (36) MONTHS TO SIXTY (60)
MONTHS; ALLOCATING FUNDS THEREFOR, IN AN
AMOUNT NOT TO EXCEED $25,000, FROM THE
COMMUNITY DEVELOPMENT BLOCK GRANT FUND FOR
DEMOLITION, FENCING AND PAYMENT OF REAL
ESTATE PROPERTY TAXES ON THE PROPERTY LOCATED
AT 3721-35 N.W. 17TH AVENUE, MIAMI, FLORIDA,
REFERRED TO AS RALPHEAL'S PLAZA.
WHEREAS, the City Commission is oommitted to eoonomio
development and the expansion of trade and oommeroe; and
WHEREAS, promotion of eoonomio revitalization in the
neighborhoods of the City of Miami is an important part of the
City's eoonomio development strategy; and
WHEREAS, pursuant to Resolution No. 90-398, the City
Commission approved the Allapattah Business Development
Authority's proposal to purohase the property at 3721-35 N.W.
17th Avenue for the purpose of developing a strip shopping oenter
on said site; and
WHEREAS, the City of Miami provided $179,000 in the form of
a grant to the Allapattah Business Development Authority, Ino.
CITY CObwsslox
MEETING OF
DEC 1 6 1993
Rosoluflon No.
93- 767
from the City 's Community Development Block Grant fund via its
Mini Urban Development Action Grant (UDAG) Loan Pool Fund; and
WHEREAS, to date, Allapattah Business Development Authority,
Inc. has been unable to obtain additional financing for the
development of said project; and
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WHEREAS, based on appraisals obtained, the development of
said project will enhance and increase the tax base of the area
and provide service to the Allapattah community; and
WHEREAS, Allapattah Business Development Authority, Inc.
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intends to actively seek additional financing to complete said
project; and
WHEREAS, it is imperative that the property be properly
secured to protect both Allapattah Business Development
Authority's and the City's liability; and
WHEREAS, Allapattah Business Development Authority, Inc. is
requesting an extension on the term of its present agreement in
order to begin initiating those steps that will lead toward
completing said project;
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.
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93- 767
Section 2. The City Manager is hereby authorized`/ to
execute an amendment, in a form acceptable to the City Attorney,
to an existing agreement between the City of Miami and the
! Allapattah Business Development Authority, Inc. (ABDA) for the
purpose of extending said agreement from thirty-six (36) months
to sixty (60) months.
Section 3. Funds, in an amount not to exceed $25,000,
are hereby allocated from the Community Development Block Grant
Fund for demolition, fencing, and payment of 1993 and 1994 real
estate property taxes on the property located at 3721-35 N.W.
17th Avenue, Miami, Florida, referred to as Ralpheal's Plaza.
Section 4. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 16t�' day of December 1993.
S PHEN P. C14RK, MAYOR
A E
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A TY HIRAI
CITY CLERK
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REVIEW AND APPROVAL: BUDGETARY REVIEW:
CAS NEDA, DIRECTOR MAN SURANA
RTMENT OF COMMUNITY DEVELOPMENT ASST. I TY MANAGER
DEPART ENT OF BUDGET
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.
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PREPARED AND APPROVED BY:
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CARMEN L. LEdt
ASSISTANT CITY ATT RNEY
APPROVED AS TO FORM AND CORRECTNESS:
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A. QUM. ES, I I
CITY ATTGVNEY
CLL:csk:M4004
93- 767
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CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
The Honorable Mayor and �J9�
To: Members of the City Commission DATE: UK s� J FILE:
Resolution authorizing the Cit-.
suaJEcr: Manager to extend the contrac
agreement between Allapatta'
Business Development Authority,
FROM : Ces dio REFERENCES: Inc . /Ralpheal Plaza and the Cit
Cit ager of Miami
ENCLOSURES:
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RECOMMENDATION:
It is respectfully recommended that the City Commission adopt the
attached Resolution authorizing the execution of an amendment, in
a form acceptable to the City Attorney, between the City of Miami
and Allapattah Business Development Authority, Inc. for the
purpose of extending its existing agreement from 36 months to 60
months. Further, providing funds in an amount not to exceed
$25,000 to cover demolition, fencing and real estate tax expenses
on the property located at 3725-31 N.W. 17th Avenue.
BACKGROUND:
The Department of Community Development (DCD) has analyzed the
need to obligate additional funding in the amount of $25,000 to
Allapattah Business Development Authority, Inc. (ABDA) and extend
its existing agreement from 36 months to 60 months, as it relates
to the development of Raipheal's Plaza.
Ralpheal's Plaza, located at 3725-31 N.W. 17th Avenue was
acquired by Allapattah Business Development Authority, Inc. via
Community Development Block Grant Funds for the purpose of
developing a strip shopping center in the Allapattah target area.
During the past two (2) years, ABDA has been aggressively seeking
an anchor tenant and additional financing for the project. In
addition, ABDA has acted as property and leasing manager for the
project.
Due to the exodus of tenants upon ABDA's acquisition of the
property, no income was generated, thereby crippling ABDA's
efforts in marketing and/or maintaining the property. As a
result, the building has severely deteriorated beyond repair.
In order to begin implementing any development plans, the
building must be demolished and a new structure built. Further,
the condition of the existing building poses a liability to both
ABDA and the City.
93- 767
't
The Honorable Mayor and
Members of the City Commission
Page 2
The Department of Community Development is amenable to providing
funds to cover demolition and fencing cost. Further, funds will
be made available to pay 1993 and 1994 Real Estate Property
Taxes.
The extension of said agreement will enable ABDA to begin its
development phase of the proposed community shopping center.
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93- 767