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Home My WebLink AboutR-92-0304J-92--279 S/7/92 92- 304 RESOLUTION NO. A RESOLUTION APPROVING, IN PRINCIPLE, THE DESIGNATION OF ST. JOHN COMMUNITY DEVELOPMENT CORPORATION, A NOT -FOR -PROFIT CORPORATION, AS SPONSOR TO UNDERTAKE THE DEVELOPMENT OF A LOW DENSITY RENTAL HOUSING PROJECT AFFORDABLE TO FAMILIES AND INDIVIDUALS OF LOW AND MODERATE INCOME ON A PARCEL OF CITY -OWNED VACANT LAND, LOCATED AT APPROXIMATELY 2055 NORTHWEST 3RD AVENUE, IN THE OVERTOWN NEIGHBORHOOD, MIAMI, FLORIDA, SUBJECT TO SAID CORPORATION PROVIDING EVIDENCE ACCEPTABLE TO THE CITY OF FIRM COMMITMENT FOR PROJECT CONSTRUCTION AND PERMANENT FINANCING; DIRECTING ST. JOHN COMMUNITY DEVELOPMENT CORPORATION TO PREPARE AND FINALIZE PROJECT PLANS AND SPECIFICATIONS, CONSTRUCTION AND PERMANENT FINANCING, CONSTRUCTION SCHEDULE AND MANAGEMENT PLAN TO BE SUBMITTED WITHIN TWELVE (12) MONTHS OF 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 PARCEL WITH ST. JOHN COMMUNITY DEVELOPMENT CORPORATION, PREDICATED ON A LAND REIMBURSEMENT PROVISION. 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 CITY COMMISSION MEETING OF, MAY 14 1992 Resolution No. 92- 304 e WHEREAS, in April, 1991, pursuant to Resolution No. 91-337, the City Commission authorized the City Manager to acquire a .9 aore parcel, located at approximately 2055 Northwest 3rd Avenue in the Overtown neighborhood, Miami, Florida, for the purpose of developing affordable housing in the area; and WHEREAS, in March of 1992, St. John Community Development Corporation submitted a housing proposal to the City for the development of an affordable housing projeot on the aforementioned City -owned parcel; and WHEREAS, in an effort to promote the development of affordable housing in the City, the City Administration recommends the granting of development rights to St. John Community Development Corporation, for the development of an affordable housing project on the said City -owned parcel., subject to certain terms and conditions; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. -2- 92- 304 Section 2. St. John Community Development Corporation, a not -for -profit corporation, is hereby designated, in principle, as sponsor to undertake the development of a low density rental housing project affordable to families and individuals of low and moderate income on a parcel of City -owned vacant land, located at approximately 2055 Northwest 3rd Avenue, in the Overtown Neighborhood, Miami, Florida, subject to said Corporation providing evidence acceptable to the City of firm commitment for project construction and permanent financing. Section 3. St. John Community Development Corporation is hereby directed to prepare and finalize project plans and specifications, construction and permanent financing, construction schedule and management plan which shall be submitted within twelve (12) months of the date of this Action for final consideration and approval by the City Commission. Section 4. The City Manager is hereby further authorized to negotiate a fair return to the City for the value of said parcel with St. John Community Development Corporation, predicated on a land reimbursement provision. Section 8. This Resolution shall become effective immediately upon its adoption. -3- 92- 304 f PASSED AND ADOPTED this 14th day of May 1992. AVIER L UAREZ, MAYOR ATT MATtY HIRAI CITY CLERK PREPARED AND APPROVED BY: �wE eT TEL E. MAXWS IEF ASSIST T CITY ATTORNEY APPROVED AS TO FORM AND CORRECTNESS: JEM/rm/bas/M2909 -4- 92- 304 INTEROFFICE MEMORANDUM Honorable 'Mayor and MembersM.1�� _ ��9� of the City Commission - �. - -- Resolution Relating to -= Development of City - Owned Parcels in the `.��. Overtown Neighborhood Cesar H. Od'� City Commission Agenda City Manage � Item - May 14, 1992 .:,..;sue=_; RECOMMENDATION: It is respectfully recommended that the City Commission adopt the attached resolution related to the development of a low -density affordable housing project proposed for development on a .9 acre parcel of vacant land under City -ownership located at 2055 Northwest 3rd Avenue by St. John Community Development Corporation (St. John CDC). The attached resolution approves in principle, the designation of St. John CDC, a not -for -profit housing corporation, as sponsor to undertake the development of a 21 unit rental housing project affordable to low and moderate income families and individuals on the .9 acre City -owned parcel. The attached resolution further requires that final designation of the aforementioned not -for -profit corporation as project sponsor is predicated upon the submission within twelve (12) months from the date of this conditional award for the City Administration's verification and the City Commission's review and approval: 1) Final project site plan, unit plans and specifications. 2) Verifiable evidence of firm commitments for construction and permanent financing in accordance with the project sponsor's proposal to develop the site. 3) Land reimbursement provisions that provid"e a fair return tb the City for value of the subject parcel. BACKGROUND: The Department of Development and Housing Conservation recommends ratification of the attached resolution in connection with the development of a low -density affordable housing project proposed for development on a .9 acre parcel parcel of vacant land under City -ownership located at 2055 Northwest 3rd Avenue by St. John CDC. The ..attached resolution approves in principle, the designation of St. John CDC as project sponsor to undertake the development of a 21 unit rental housing project affordable to low and moderate income families and individuals on the .9 acre City - owned parcel. 92-- 304 5- 1 1 0 Development of in the Overtown Page - 2 - City -Owned Parcels Neighborhoor3 The said resolution further requires that final designation of the aforementioned not -for -profit corporation as project sponsor is predicated upon the submission within twelve (12) months from the date of this conditional award the following: 1) Final project site plan, unit plans and specif icat•ions. 2) Verifiable evidence of firm commitments for construction and permanent financing in accordance with the project sponsor's proposal to develop the subject parcel. 3) Land reimbursement provision that provides a fair return to the City for value of the subject parcel. Presently, St. John CDC is developing a thirty-five (35) unit townhome project on former City -owned land located in the Overtown neighborhood. The City is in a position to further assist the private sector in the production of new rental housing within the affordability range of low and moderate income families by making the said City -owned parcel, capable of supporting approximately twenty-one (21) units based on the current zoning, available for such development. In an attempt to further stimulate the development of new affordable housing units in the City, City Commission ratification of the attached resolution is recommended. 92 304 1 Ell ZA ST, JOHN COMMUNITY DEVELOPMENT CORP. Post Office Box 015344 Miami, Florida 33101-5344 (305) 372-0682 OFFICERS: Rev. Dr. Henry W. Daniels Preri eat Herbert L. Day Vice President Mattie Stephens Secretary Robert L. Wynn Treasurer BOARD OF DIRECTORS: Nelson Adams,111. M.D. Ann -Marie Adker Robert Baker Franklin Clark Winfred Dorsett Alfred Finney Hattie Johnson Johnnie L. King Lyn Morrison Lou Redd Marjorie Rhodes Andrew Robinson David Robinson, 11. Esq. Rev. John H. Taylor Claude Tripp Rev. Charles E. Uptgrow Dorothy B. Walker Inez Wilcox Rev, Henry Nevin - Founder March 10, 1992 Mr. Jeffrey B. Hepburn, Assistant Director Department of Development & Housing Conservation Dupont Plaza 300 Biscayne Boulevard Way, Suite 401 Miami, Florida 33131 Dear Mr. Hepburn: This is to advise you that the St. John Board of Directors has agreed to develop the site located N.W. 21st Street and N.W. 3rd Avenue in the Overtown area. It is my understanding that the City has site control and would be willing to work with us in developing this property. We have had a walk-through with an Architect, and from this site visit he has indicated that we can possibly construct twenty one (21) units of two and three bedroom mix. I will also explore the possibility of having at least one commercial space (possibly a laundromat) as well as some common space on the first floor. I am presently working with Greater Miami Neighborhoods to develop the financial package which I will present to ycu as soon as it is finished, but in short I plan to put together a package similar to the one used in my present project: Documentary Surtax Program Low -Income Hor.ain5* Tax Credits Conventional State Apartment Incentive Loan Program As you are aware, the aforementioned funding sources require that I have site control before they will commit. I think Surtax requires initially a letter 92- 304, MEMBER I MEMBER: ftotaatst U�! MEMBER: LAND INSTITUTE COMMERCE CHAMBER OF 3 commer ., Mi. Jeffrey Hepburn March 10, 1992 Page 2 from you stating that, if granted a loan from them (Surtax), the City would be willing to convey the property to the St. John Community Development Corporation. Please do whatever is necessary to get this item on the next Commission Agenda for approval, and inform me as to what you see my role as being. I also need to know what type of information you need from me in order to see this project through. Jeff, as usual I need this as sr.,.;.. as possible in that the Surtax proposal is due next month. As usual, thank you for your concern and cooperation. 92- 304 4 FA