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Home My WebLink AboutR-92-0632J-92--684 10 / 8 /92 RESOLUTION NO. 9 2- 6 3 2 A RESOLUTION, WITH ATTACHMENTS, RELATING TO THE DEVELOPMENT OF A 35-UNIT AFFORDABLE RENTAL HOUSING PROJECT PLANNED FOR DEVELOPMENT ON THE CITY -OWNED HIGHLAND PARK SCHOOL SITE BY THE URBAN LEAGUE OF GREATER MIAMI, INC. (A NOT -FOR -PROFIT CORPORATION); RATIFYING, APPROVING AND REAFFIRMING RESOLUTION NO. 91-256, ADOPTED APRIL 11, 1991, WHEREBY THE MIAMI CITY COMMISSION APPROVED, IN PRINCIPLE, THE AFOREMENTIONED NOT -FOR -PROFIT CORPORATION AS THE PROJECT SPONSOR TO UNDERTAKE THE DEVELOPMENT OF A LOW DENSITY RESIDENTIAL PROJECT TO BE LOCATED ON SAID PARCEL; ESTABLISHING $107,500 AS THE ACQUISITION AMOUNT TO BE PAID IN 15 YEARS TO THE CITY BY THE PROJECT SPONSOR; AUTHORIZING THE CITY MANAGER TO EXECUTE THE APPROPRIATE LEGAL DOCUMENTS FOR CONVEYANCE OF THE HIGHLAND PARK SCHOOL SITE, WHICH IS MORE PARTICULARLY AND LEGALLY DESCRIBED IN THE ATTACHED EXHIBIT "A", TO THE URBAN LEAGUE OF GREATER MIAMI, INC.; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE A MEMORANDUM OF AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, BETWEEN THE CITY OF MIAMI AND THE URBAN LEAGUE OF GREATER MIAMI, INC. IN CONNECTION WITH THE PROPOSED HOUSING PROJECT CONTAINING PROVISIONS FOR INTEREST PAYMENTS AND PREFERENCE TO CITY RESIDENTS. WHEREAS, in the City of Miami, a severe housing shortage exists within the affordability range of low and moderate income families and individuals; and WHEREAS, the City Commission recognizes that participation of both the public and private sectors is necessary to further ATTACHMENT (S) CONTAINED CITY COM USSION MEETING OF, OCT 8 1992 Resolution No. 92- 632 the development of housing in the City of Miami within the affordability range of low and moderate income families and individuals, including the elderly; and WHEREAS, in July, 1981, pursuant to Resolution No. 81-662, the City Commission authorized the City Manager to negotiate the acquisition of the 1.2 acre Highland Park School Site from the Dade County Public School System for $215,000 in connection with the development of housing affordable to low and moderate income families; and WHEREAS, in April, 1991, representatives of the Urban League of Greater Miami, Inc. made a personal appearance before the City Commission to request development rights to the City -owned Highland Park School Site in connection with the development of a low density residential housing project affordable to low and moderate income families and individuals; and WHEREAS, the City Commission, pursuant to Resolution No. 91-256, adopted April 11, 1991, approved, in principle, the designation of the Urban League of Greater Miami, Inc., a not -for -profit corporation, as sponsor to undertake construction of a low density rental housing project on the aforementioned City -owned parcel; and WHEREAS, the Urban League of Greater Miami, Inc. has secured approximately $1,087,745 in construction and permanent financing from Homes for South Florida, in addition to $997,500 in construction and permanent financing from Metropolitan Dade County through the County's Documentary Surtax Program; and -2- 92- 632 ' *I- 0. a i i� WHEREAS, it is imperative that construction be underway on the proposed housing project on or before December 31, 1992; 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. Section 2. The City Commission hereby ratifies, approves and reaffirms Resolution No. 91-256, adopted April 11, 1991, wherein the City Commission approved, in principle, the designation of the Urban League of Greater Miami, Inc. (a not - for -profit corporation), as the project sponsor to undertake the development of a low density residential project to be located on the City -owned Highland Park School Site. Section 3. The City Commission hereby establishes $107,500 as the acquisition amount to be paid by the Urban League of Greater Miami, Inc. in fifteen (15) years to the City for the subject parcel in connection with the aforementioned development of a thirty-five (35) unit affordable rental project in the Overtown neighborhood. Section 4. The City Manager is hereby authorizedl/ to execute the appropriate legal documents, in a form acceptable to the City Attorney, required to convey the subject parcel to the Urban League of Greater Miami, Inc., in connection with the 1� 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. -3- 92- 632- development of said affordable housing project. The City Manager is further hereby authorizedlI to execute a Memorandum of Agreement, in a form acceptable to the City Attorney, between the City of Miami and the Urban League of Greater Miami, Inc. in connection with the proposed affordable housing project. Said Agreement is to contain provisions requiring yearly interest only payments at the rate of five (5%) percent and giving absolute preference to residents of the City of Miami that apply for housing at the project. Section 5. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this gth day of XAVIER L CITY CLERK PREPARED AND APPROVED BY: JULIE 0. BR ASSISTANT CITY ATTORNEY APPROVED AS TO FORM AND CORRECTNESS: A. 09-ISH J , I CITY ATTORVY JOB:csk:kd:M3177 , 1992. Z , MAYOR -4- 92- 632 p.0:9 HIGHLAND PARK SCHOOL SITE LEGAL DESCRIPTZONt Lots 2 thru 10, in Block 1 of SPRING GARDEN, a subdividion according to the Plat thereof, as recorde4 i„ Plat BookS, at page 36 of the Public Records` f Dade County, Florida i EXHIBIT "B" L---J id- sot R T- Ell 2 -"Z !4 N, W-4o 1?0 40 40 I go ! 1 6 A - G.— I Zl Li Cj Olt LSJ LL U cv 1z, 7 IRJ —S. 1.7 916 N. W7'10 11 I F.XHIBIT "C" LHI IT "C" rp 27- •' � � Liw.b d K� pt• o n M .. \,HIGI$-N�- URBAN LEAGUj' OFREh wri��ar. • .za .Z DA• LXIi78IT "C" t T T w / i • i 'Fin ■ -r ii'aj INN■. ■■ No x ■■ 0� IN WE IN loci IN: N.W. 7TH AVENUE • CITY OF MIAMI, FLORIDA 13 INTER -OFFICE MEMORANDUM Honorable Mayor and TO: Memb s of the City Commission DATE SUBJECT Cesar H. Odio FROM: City Manager REFERENCES ENCLOSURES: � 9 ci ��q FILE �•s'blut�on�Relating to Urban League of Greater Miami, Inc. Affordable Housing Project City Commission Agenda Item - October 8, 1992 It is respectively recommended that the City Commission adopt the attached resolution related to the development of a 35 unit affordable housing project planned for development on the City - owned Highland Park School Site by the Urban League of Greater Miami, Inc. The attached resolution ratifies and reaffirms Resolution No. 91-256, adopted by the City Commission on April 11, 1991, whereby the City Commission approved in principle, the aforementioned not -for -profit corporation as project sponsor to undertake the development of a low density housing project, affordable to low and moderate income families. The attached resolution further establishes $107,500 as the reimbursement, amount to be paid to the City, by the Urban League, for the Highland Park School Site where the proposed housing project will be constructed. The attached resolution further authorizes the City Manager to execute the appropriate legal documents for conveyance of the subject parcel, in addition to a Memorandum of Agreement between the City and the Urban League of Greater Miami, Inc.', subject to certain terms and conditions. The Department of Development and Housing Conservation recommends ratification of the attached resolution in connection with the development of a 35 unit rental housing project planned for developent on the City -owned Highland Park School Site by the Urban League of Greater Miami, Inc. The said resolution further ratifies and reaffirms Resolution No. 91-256, whereby the City Commission approved in principle, the Urban League of Greater Miami, Inc. as sponsor of a low density affordable housing project planned on the above referenced parcel. 92- 63L 0 5J Honorable Mayor and Members of the City Commission Page 2 In July of 1981, through Resolution No. 81-662, the City Commission authorized the acquisition of the 1.2 acre Highland Park School Site from the Dade County Public School System, for the purpose of developing housing affordable to low and moderate income families in the Overtown neighborhood. The subject parcel was acquired for $215,000. Since 1983, several attempts have been made to develop affordable housing on the Highland Park School Site through various public - private sector sponsored housing ventures. The Urban League's proposal calls for the development of two (2) three story garden - apartment structures- consisting of twenty-one (21) 2-bedroom units and fourteen (14) 3-bedroom units. The 2-bedroom apartments and 3-bedroom apartments will rent for approximately $375.00/month and $425.00/month, respectively. The project sponsor has secured a preliminary commitment for $1,087,745 in construction and permanent financing from Homes for South Florida, in addition to $997,500 in construction and permanent financing from Metropolitan Dade County through the County's Documentary Surtax Program. To date, the Urban League of Greater Miami, Inc. has been successful in developing a 30 unit townhome project in cooperation with the City of Miami on a 1.2 acre parcel donated to the not -for -profit corporation by the City in July of 1986. The 1.3 million rental project, M & M Maison, located at 1521 Northwest 61st Street in the Model City neighborhood, is indicative of the City's commitment to promoting the production of affordable 'housing in the City of Miami through various public -private sector sponsored housing ventures. The City is in a position to assist the private sector in the production of new rental housing within the affordability range of low and moderate income families by making the Highland Park School Site,, available for such development. The $107,500 established as the reimbursement amount to be paid to the City by the Urban League of Greater Miami, Inc. for the Highland Park School Site represents fifty (50%) percent of the City's cost for site acquisition. 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- 63JL