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CITY F MI MI F .
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INTEROFFICE MEMORANDUM
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Honorable Mayor and Members f A. h is
TO : i 1 i BATE : 1 1A11��1 iR Z 8 NI FILE
C o e ty Cm oma ss on
FROM :Cesar H. Od
City Manage
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99COMMENDATION:
Resolution Relating to
sua,Ecr: Melrose Nursery Townhome
Project
REFERENCES: City Commission Agenda
Item - April llp 1991
ENCLOSURES:
It is respectfully recommended that the City Commission adopt the 6j
attached resolution related to the development of a 150 unit'
affordable townhome project planned for development on the i
publicly -owned 8.5 acre Melrose Nursery Site by CODEC, Inc. The
attached resolution ratifies and reaffirms Resolution No. 89-965 F
adopted October 26, 1989, whereby the City Commission established
$750,000 as the reimbursement amount to be paid by CODEC, Inc. for
the purchase of the aforementioned housing site. The attached
resolution further authorizes the City Manager to execute an
Agreement of Purchase and Sale between the City of Miami and
CODEC, Inc., in addition to the conveyance of one (1) parcel of
vacant land currently under City -ownership identified as Parcel M-
3, for conveyance of the entire 8.5 acre housing site.
BACKGROUND:
The Department of Development and Housing Conservation recommends
ratification of the attached resolution in connection with the
development of a 150 unit affordable townhome project by CODEC,
Inc. on the 8.5 acre publicly -owned Melrose Nursery Site. The
attached resolution ratifies and reaffirms Resolution No. 89-965
adopted October 26, 1989, whereby the City Commission established
$750,000 as the reimbursement amount to be paid to the City by
CODEC, Inc. for purchase of the aforementioned housing site. The
attached resolution further authorizes the City Manager to execute
an Agreement of Purchase and Sale between the City of Miami and
CODEC, Inc., in addition to the conveyance of one (1) parcel of
vacant land currently under City -ownership identified as Parcel M-
3, for conveyance of the entire 8.5 acre housing site.
In September of 1986, the City Commission designated the Melrose
Nursery Site for the development of a low -density homeownership
townhome development affordable to low and moderate income
families. Subsequently, in October of 1989, through Resolution
No. 89-965, the City Commission conditionally designated CODEC,
Inc., a not -for -profit corporation, as project sponsor for the
development of a 150 unit townhome project on the Melrose Nursery
Site. Moreover, through Resolution No. 89-965, the City
Commission established $750,000 as the reimbursable amount to be
paid to the City by CODEC, Inc. for the subject parcel.
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Resolution for the Melrose Nursery Site
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The attached resolution authorizes the City Manager to execute an
Agreement of Purchase and Sale between the City of Miami and
CODEC, Inc. for this purpose. The City Commission, through
Resolution No. 89-965 further instructed the City Manager to
request Metropolitan Dade County to convey title to the Melrose
Nursery Site to CODEC, Inc., subject to certain terms and
conditions. presently, title to ninety-nine (99%) percent of the
Melrose Nursery Site is vested in the name of Metropolitan Dade
County. However, there exist one (1) parcel of vacant land
specifically identified as Parcel M-3, which is presently under
City -ownership. The attached resolution further authorizes the
City Manager to convey title to Parcel M-3, which is presently
4 under City -ownership, to CODEC, Inc., in accordance with Section
29-B of the City Charter.
Based on the current development schedule, it is anticipated that
construction on the Melrose Nursery Site will commence on/or
before June 1, 1991. In an attempt to move the construction of
the proposed townhome project forward, City Commission
ratification of the attached resolution is recommended.
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