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HomeMy WebLinkAboutR-91-0122J-91 -79 2/14/91 RESOLUTION NO. 91- 122 A RESOLUTION, WITH ATTACHMENT(S), RELATING TO THE DEVELOPMENT OF AN AFFORDABLE HOUSING PROJECT IN THE OVERTOWN NEIGHBORHOOD, RATIFYING, APPROVING AND REAFFIRMING MOTION NO. 88--10699 WHEREBY THE CITY COMMISSION APPROVED IN PRINCIPLE AN AMOUNT OF $40t000 AS THE PRICE TO BE PAID BY ST. JOHN COMMUNITY DEVELOPMENT CORPORATION FOR THE ACQUISITION OF CITY -OWNED PARCELS KNOWN AS SITES 10 AND 11 LOCATED IN THE OVERTOWN NEIGHBORHOOD IN CONNECTION WITH THE CONSTRUCTION OF A 35 UNIT RENTAL HOUSING PROJECT; FURTHER RATIFYING, APPROVING AND REAFFIRMING THE CITY MANAGER'S EXECUTION OF THE PURCHASE AND SALE AGREEMENT AND CONVEYANCE OF CITY -OWNED SITES 10 AND 11 LOCATED IN THE OVERTOWN NEIGHBORHOOD TO ST. JOHN COMMUNITY DEVELOPMENT CORPORATION FOR THE DEVELOPMENT OF THE AFOREMENTIONED HOUSING PROJECT, SUBJECT TO CERTAIN TERMS AND CONDITIONS AS SET FORTH IN THE ATTACHED MEMORANDUM OF AGREEMENT; AUTHORIZING THE CITY MANAGER TO EXECUTE AN AMENDMENT TO THE AGREEMENT DATED DECEMBER 219 1990, BETWEEN THE CITY AND ST. JOHN COMMUNITY DEVELOPMENT CORPORATION BY (1) INCORPORATING THE REQUIREMENTS FOR COMPETITIVE SELECTION FOR THE GENERAL CONTRACTING FIRM TO CONSTRUCT THE PROJECT IN COMPLIANCE WITH THE FEDERAL LABOR STANDARDS PROVISIONS OF THE DAVIS-BACON ACT IN CONNECTION WITH THE CONSTRUCTION OF THE PROPOSED HOUSING PROJECT AND (2) REQUIRING THE ST. JOHN COMMUNITY DEVELOPMENT CORPORATION TO COMPLETE CONSTRUCTION OF THE RENTAL HOUSING PROJECT WITHIN EIGHTEEN (18) MONTHS OF THE DATE OF THE CONVEYANCE OF THE CITY -OWNED PARCELS TO SAID CORPORATION. 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 the participation of both the public and private sectors is necessary to further the development of housing within the affordability '~range of families and individuals of low and moderate income; and WHEREAS, in February of 1986, through Resolution No. 86�-171, the City Commission approved in principle the ATTACHMENTS CONTAINED 1986 Housing Action. p?.en for the Overtown Target Area which recoManded a strategy for the production of affordable housing in the Overtown neighborhood; and WHEREAS, the City Commission through Resolution 86-171, also directed the City Manager to proceed in acquiring development sites for the construction of affordable housing in the Southeast F Overtown area, in accordance with the 1986 Overtown Housing Action Plan, and further allocated 11th Year Community Development Block Grant funds to defray the cost of site acquisition; and WHEREAS, in November of 1986, through Resolution No. 86-886, the City Commission directed the City Manager to proceed in'. acquiring Sites 10 and 11, located at 1233 Northwest 3rd Avenue, t 4 208-244 Northwest 13th Street and 1300 Northwest 2nd Avenue, in the Overtown neighborhood through a negotiated purchase; and WHEREAS, in November of 1988, through Motion No. 88-1069, the City Commission established $40,000 as the purchase price for Sites 10 and 11 and agreed to sell the subject parcels to St. John Community Development Corporation for the purpose of developing affordable housing in the Overtown neighborhood; and _ WHEREAS, on November 8, 1990, through Resolution No. 90-893, the City' Commission approved the allocation of approximately $365,250 in"15th Year Community Development Block Grant Program funding as a development equity grant in support of St. John Community Development Corporation's proposed 35 unit rental housing project planned in the Overtown neighborhood; and WHEREAS, through Resolution No.-90-893, the City Commission further authorized the -City Manager to enter into an Agreement in a form acceptable to the City Attorney between, the City and. St. John Community Development Corporation in connection with. the proposed rental -housing project planned in the Overtown neighborhood; e ta. t y�. 4 NOGG► TMSREFOREt gF IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDAi If , 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 and reaffirms Motion No. 88-1069, adopted November 3, 1988, wherein the.City Commission approved in principle an amount of $40,000 as the purchase price for City -owned Sites 10 and 11 in the Overtown neighborhood to St. John Community Development Corporation for the development of an affordable housing project in the Overtown neighborhood. Section 3. The City Manager's execution of the purchase and sale Agreement and conveyance of City -owned Sites 10 and 11 to St. John Community Development Corporation for the development of the aforementioned housing project, subject to certain terms and conditions as set forth in the attached Memorandum of Agreement between the City and St. John Community Development Corporation ` dated December 21, 1990, is hereby ratified, approved and confirmed. Section 4. The City Manager is hereby authorized to execute the attached amendment to the Agreement dated December 21, 1990, between the City and St. John Community Development Corporation, thereby (1) incorporating the requirements for competitive selection of the general contracting firm(s) to construct the project in compliance with the Federal Labor Standard Provisions of the Davis -Bacon Act, in connection with the proposed housing t, project and (2) requiring the St. John Community Redevelopment Corporation to complete construction of the rental housing` a • project within eighteen (18) months of the date of the conveyance of the City -owned parcels to said corporation. Section 5. This Resolution shall become __ effective immediately upon its adoption. IW3- r 15 5 PREPAREb AND APPROVED M ZLINDA K. XEAR ON Assistant City Attorney LKK/pb/M2026 ,b OVIUND a r APPROVED AS TO FORM AND CO RE JJRGE L. FdERNAN�DEZ ,.T- �: City At orney i4 AMENDMENT NO, t MEMORANDUM OF AGREEMENT CITY OF MIAMI AND ST. JOIN COMMUNITY DEVELOPMENT CORPORATIONS This Amendment, made this day of 1991► by and between the City of Miami, a municipal corporation of the State of Florida, (hereinafter referred to as the "CITY"), and St. John Community Development Corporation, a not -for -profit corporation of the State of Plorida, (hereinafter referred to as "PROJECT SPONSOR"). WHEREAS, irl November of 1988, through Motion No. 88-1069, the City Commission established $40,000 as the purchase price for Sites 10 and 11 and agreed to sell the subject parcels to St. John Community Development Corporation for the purpose of developing affordable housing in the Overtown neighborhood; and .0 k WHEREAS, on November 8, 1990, through Resolution No. 90-893, the City Commission approved the allocation of approximately $365,250 in 15th Year Community Development Rlock Grant Program f: funding as a development equity grant in support of St. John Community Development Corporation's proposed 35 unit rental t housing project planned in the Overtown neighborhood; and WHEREAS, through Resolution No. 90-893, the City Commission further authorized the City Manager to enter into an Agreement in; a form acceptable to the City Attorney between the City and a St. John Community Development Corporation in connection with the proposed rental housing project planned in the Overtown neighborhood; NOW, THEREFORE, THE PARTIES AGREE TO AMEND THE AGREEMENT AS FOLLOWS:1 :t Amend Section VI Project Implementation Schedule with 6.3 to read a e s follows: , 6.3 The PROJECT SPONSOR shall complete the Project and obtain an Certificate -of Occupancy no later than-twenty--f ntr -(4+1-�- eighteen (1E1 months from the date of conveyance of the Project Development Sites by the CITY. 6.5 The PROJECT SPONSOR agrees and shall secure bid 2ro]2 sals from certified general contracting firms and shall dXArd the construction cont act used on a ggmpetitivg selection' :egg to ensurg, that the 2r 2jact Kill be developed at thg least Cgs-t_.ts , th2 yarg ftrde and/or figures stricken through shall be deleted.', nderacc&red words and/or figures shall be added, The aremaini.ng provisions are now in effect and remain unchanged - Asterisks indicate omitted and unchanged materials.. { k tF x rt5� ..�.....+3i.fJi"Ym 4a Amend Section tit project Implementation Schedule with a new subsection 6.6 to read as follows amen s attached and ; ncoroo*-ated herein:' y. r. * * * ., IN WITNESS WHEREOF, the parties hereto have caused this instrument to be duly authorized. ATTEST: MATTY HIRAI City Clerk WITNESSES: executed by the respective official thereunto 3 7 CITY OF MIAMI, a municipal Corporation of the State of Florida By CESAR H. ODIO City Manager �. PROJECT SPONSOR: — ST. JOHN COMMUNITY DEVELOPMENT CORPORATION o- By _ PRESIDENT y S• M' NTS s 91, ,1 Arm. i MU MORANDUM OF AGREEMENT city of Miami and St. John COMMunitY tkveloPment COMOmtion Thia AgraaMent is entered into this � � � day, Of _ ��C,t.,aa�dLd_= • 1990, by and between the CITY OF MIAMI, Dade County,'a Municipal Corporation of the State of Florida (the "City") and ST. JOHN CCSMMUNITy DEVELOPMENT CORPORATION (the "Project Sponsor") whose address is P.O. Box. 015344, Miami, Florida 33101-5344 (telephone 372-0682). WITNESSETH -WHERZA9, the City, in.cooperation with the Project Sponsor, is implementing a project to increase the supply of affordable housing for families and individuals in the Overtown Community Development Target Area; and, WHEREAS, in February of 1986, through Resolution No. 86-1711 the City Commission approved in principle the 1986 Housing Action Plan for the Overtown Target Area which recommended a strategy for , the provision of affordable housing in the Overtown neighborhood; fl and, WHEREAS, the Miami City Commission, through Resolution No: - 86-171, also directed the City Manager to proceed in acquiring • development sites for the construction of affordable housing in 91: 122 " a{ ft 1 A 2 i ��'� F`"� Ihfti ��'.7 � '-Ff � G - . ! fr'CZ 4•�i SAS program follows! i.. specified in this Agreement, it in hereby agreed as I rI lama 3 The words and terms not elsewhere defined in this Agreement shall have the following meaning: "AGENCY" .• l mean the City of Miami Department of 1.]. AdENCY Shall � Development and Housing Conservation. { 1.2 "LOW INCOME FAMILIES/INDIVIDUALS" - shall mean families and p ersons# including the elderly, whose gross income does not exceed 8o% of the median income for the Metropolitan Dade individuals of low and moderate income known as the Afford- able Housing Development Program. i 5 111AWNCT DMLOPX8I+T 82T211 Shall mean the sites referred to as Sites 10 and li, vacant lots generally located at the - following addresses: 208-244 Northwest 13th Street, 1233 Northwest 3rd Avenue, and 1300 Northwest 2nd Avenue, Miami, Florida. The sites are legally described as follows: j -i I _ site 10 i ADDRESS: 1233 Northwest 3rd Avenue, Miami, Florida LEGAL DESCRIPTION: Lot 7 and the West 8 feet of Lot 6, Block 9 of SOST' S SUBDIVISION Plat Book "B" Page 27 of the Public Records of Dade County, Florida. FOLIO NUMBER: 01-3136-37-0410 ADDRESS: 208-244 Northwest 13th Street, Miami, Florida LEGAL DESCRIPTION: Lots 21 3, 4, and 5 and the East 42 feet of Lot 6 in Block 9 of SOST'S SUBDIVISION Plat Book "B" at Page 27 of the Public Records of Dade County, Florida FOLIO NUMBER: 01-3136-37-0400 { site 11 .; a• =^ ADDRESS: 1300 Northwest 2nd Avenue, Miami, Florida LEGAL DESCRIPTION: Lots 1, 2, 13, and 14 in Block 1 of SOSTS ' SUBDIVISION, according to the Plat thereof < -4- ■ 91- 122.' IJr ? + •? - • "� Nat 4 .. { ., yy � ' a k L recorded in plat Book "B" at Page 27 of the Public Records of Dade County, Florida, less and excluding therefrom that portion of Lots 1 and 2 more particularly described as follows: Begin on the East line of said Lot 1 at a point 70,80 feet North 2022002" West from the Southeast corner of said Lot 1, thence North 64002026" West 113.24 feet to the West line of said Lot 2, thence North 2033132" West 84.98 feet along said West line to the Northwest corner of said Lot 2, thence North 87038132" East 99.98 feet along the North line of said Lots 2 and 1 to the Northeast corner of said Lot 1, thence South 2022102" East 138.64 feet along the East line of said Lot 1 to the Point of Beginning FOLIO NUMBER: 01-3136-37-0010 SECTION-2 - TERM OF AGREEMENT The term of this Agreement shall begin on the date on which the last of the two parties sign below and will end twenty four (24) months following the conveyance of the Property (in accordance with paragraph 5.2 below). 3 3.1 "PROJECT OBJECTIVE" - The objective of the Project is to s increase the supply of multifamily rental housing units located in the Overtown community of the City of Miami that are affordable to low and moderate income families and persons, including the elderly. -5- 91- 122 1 -- �111.1111111�1 _ � J• C����� v I 3 3 IOP104NCT PRODUCTION GOAL" - The goal of the Project is to develop approximately 35 rental units to be constructed within the Project Development Sites, The rental units will include both two and three bedroom apartments. "PROINCT PYNANCING" - The Project will be financed through a combination of public and private financing sources. As of the date of this Agreement the best estimate of the sources and amounts of financing are as follows: a) The Metropolitan Dade County Documentary Surtax Program will provide a loan of $997,500.00 (3% for 30 years), b) The City will make the contribution described in paragraph 5.3 below c) Safra Bank will provide construction financing as needed up to a maximum of $726,540.00. d) Greater Miami Neighborhoods, Inc. will provide construc- tion loans up to the amount of $50,000 (30 years 7%). e) Private capital in the form of equity contributions f) possible use of the State of Florida's State Apartment Incentive Loan Program ("SAIL") for a portion of the ;permanent financing ($429,207.40) BECTTON 4 - PROJECT SPONSOR SCOPE OF SERVICES .i The Project Sponsor will have the following roles and •- responsibilities in implementing the Project: 91- 122 w 4.1 Tn PRWNCT .. The Project shall consist of the construction of 35 units of multifamily rental housing as follows: a) BUILDING TYPE - The Project shall consist of two (2) structures situated on the Project Development Sites in accordance with the site plan attached hereto as Exhibit t "All b) DWELLING UNIT MIX - The Project shall contain substantially the following dwelling mix: i) Twenty (20) units shall consist of 2 bedroom and 1 bath. ii) Fifteen (15) units shall consist of 3 bedroom and two baths. c) DWELLING UNIT SIZE - The dwelling units to be construc- ted shall contain the following minimum net square footages: i) The 2 bedroom units shall contain approximately 929 square feet. ii) The 3 bedroom units shall contain approximately 1248 square feet. d) DWELLING UNIT FLOOR PLANS - The dwelling units to be constructed shall be constructed substantially in a accordance with the preliminary floor plans that are attached to this Agreement and labeled Exhibit "A". —; e) DWELLING UNIT AMENITIES - The dwelling units to be constructed shall each contain the following amenities: -7- 91- 122. ! h x 84a t r� S { i Electric Stove Refrigerator - Nall to Wall Carpet Central Air Conditioner (except kitchen and bath) i. Washer and Dryer connection - Mange Mood f) P903ECT PARKING - The project shall comply with the City cede with regard to parking. 4.2 PROJECT LEGAL STRUCTURB - In order to utilize the Low Income Housing Tax Credit, the Project Sponsor will create a limit- ed partnership to be organized under chapter 620, Florida Statutes. The Project Sponsor will also create a wholly owned for -profit subsidiary which will serve as the managing general partner of the limited partnership. The Project Sponsor shall serve as the initial limited partner in the limited partnership. It is understood by the parties to this Agreement that the Project Sponsor, in order to attract the equity investments needed to make the Project financially feasible, will eventually "retire" from the limited partnership by sellingits ownership interest to private sector investors using the Low Income Housing Tax Credit. The Project 1' Sponsor's wholly owned for -profit subsidiary shall remain as the General Partner for so long as it complies with the terms i. of the Limited Partnership Agreement. The subsidiary shall ?' remain either the general partner or a limited partner for the life of the limited partnership. -S- a �Y Piwi � L 4.3 PAUSHT FOR PRO120T tiWSLOURNT dIT2 .. The Project Sponsor or its assigns shall reimburse the City in the amount of $40,000 for its cost of site acquisition, said amount to be paid at the time of conveyance of the Project Development Sites to the Project Sponsor. 4.4 PROJECT DMLOPMBNT COSTS - Construction costs means an amount, provided in reasonable detail to the City by the Project Sponsor, equal to the aggregate of all costs and expenses actually incurred by the Project Sponsor for the purpose of the initial development and construction of the Project, including all on -site improvements. The estimated costs of development are: Construction Land Acquisition Construction Interest Insurance Financing Fees Legal & Organizational Marketing Development Fees & Reserves Architectural_ Fees Architect Consultant (bank) Environmental Study - Project Sign i TOTAL DEVELOPMENT COSTS $1,575,130.00 40,000.00 98,074.00 39,270.00 19,580.00 61,300.00 5,000.00 446,603.00 52,700.00 3,000.00 700.00 600.00 $2,341,957.00 USE OB>.CITY MONETARY CONTRIBUTION - The monetary contribution of the City to the Project Sponsor, as specified in paragraph. r 4 N6'Sv a k i� 5, 3 below, shall be used to help pay the development costs of the Project an follows: USE, _ OF._ _CITY. -CONTRIBUTION Construction Land Acquisition Insurance Financing Fees Legal & Organizational Architectural. Fees Environmental Study Project Sign $1610100.00 40,000.00 39, 2'70.00 19,580.00 51,300.00 52,700.00 700.00 600.00 $365,250.00 } } SECTION 5 - CITY SCOPE or SERVICES The City will have the following roles and responsibilities in implementing the development of the Project: 5.1 PROJECT DEVELOPMENT SITE ACQUISITION - The City shall be responsible for acquiring the Project Development Sites. 5.2 CONVEYANCE Op PROPERTY TO PROJECT SPONSOR - The City shall SECTION 5 - CITY SCOPE or SERVICES The City will have the following roles and responsibilities in implementing the development of the Project: 5.1 PROJECT DEVELOPMENT SITE ACQUISITION - The City shall be responsible for acquiring the Project Development Sites. 5.2 CONVEYANCE Op PROPERTY TO PROJECT SPONSOR - The City shall convey good and marketable fee simple absolute title of the Project Development Sites to the Project Sponsor or, its y a assigns at or prior to the closings on the Project's con- struction loans, provided all City provisions and require- meets have been complied with by the Project Sponsor. k �. 5.3. MONETARY CONTRIBUTION BY THE CITY - The City shall pay to the Project Sponsor $365,250.00 to be used as is specified in paragraph 4.5, above. These funds shall be paid to the i. -10' t2l r 7777-777�- r F #. � 5 Zw ao ,�' ��.iJ�c...u' ..="-{ . l Project Sponsor as soon as is practical after this Agreement has been executed by the City. 5.4 ADMINIbT RING AGNMTS CITY - The Department of Development and Housing Conservation will act on behalf of the City in ful- filling the requirements set forth in this Section except as otherwise determined by this Agreement. 6.1 The Project Sponsor shall submit plans to the City which shall 6.2 i a consist of final working drawings and specifications including (without limitations) the following information: a)-" Definitive architectural drawings; b) Definitive foundation and structural drawings c) Definitive electrical and mechanical drawings and final specifications within sixty (60) days after the issuance to the Project Sponsor of firm construction and permanent financing commitments to finance the Project. I i The City shall review the final working drawings) and i> specifications and shall promptly provide the Project Spon- 6or notice of its approval or disapproval, and shall further, in�the'event-of disapproval, set forth in detail 'its `reasons for`'any disapproval within thirty (30) days after such receipt. :It is further understood that any changes to the y- Working drawings and specifications shall require the -11- ��F�� A�, 4'� 1 r _T l ry prior written approval of the City, and such approval shall not be unreasonably withheld. 6.3' The Project Sponaor shall complete the Project and obtain a Certificate of occupancy no later than twenty four (24) months from the date of conveyance of the Project Development Sites by the City. 6.4 For purposes of any of the provisions of this Agreement, neither of the parties, nor any successor in interest, shall be considered in breach or in default in any of its obliga- tions in the event of unavoidable delay in the performance of such obligations because of delays due to strikes, lockouts, acts of God, inability to obtain labor or materials due to t governmental restrictions, enemy action, fire, unavoidable casualty, or other similar causes beyond the reasonable control of a party (not including Project Sponsor's insolvency or financial condition). In the event of the occurrence of E r- any such unavoidable delays, the time or times for performance _ of the provisions of this Agreement shall be extended for the period of unavoidable delay; provided,. however, that the 4 y.�.: } relayed (such written notice shall be sent by registered mail, return receipt requested). at tE BBCTION `! COMPLIANCE VITH-$`2D21%ALr- STA-22r_. -WCAL_ UM Both parties agree to comply with all applicable "laws, { ordinances, and codes of federal, state, and local government. iF SECTION 8 ABBIGNABILITY a With the approval of the City Manager, the Project Sponsor may assign its obligations and benefits accruing under this agreement to the limited partnership described in paragraph 4.21 above. Such approval shall not be unreasonably withheld. ;s SECTION 9 - AUDIT RIGHTS The City reserves the right to audit the records of the Project Sponsor (and the limited partnership described in para graph 4.2, above) at any time during the performance of this Agreement and for a period of three (3) years after final payment is made under this Agreement., - SECTION 10 - AIM The Project Sponsor warrants OF AGREEMENT that it has not employed or I - _ ] retained any person employed by the City to solicit or secure this Agreement and that it has not offered to pay, paid, or agreed to pay any person employed by the City any fee, commission, 3 -13- ' 91-- 122 s , tit f' 1 t • ). Y yy{{ i '' 'i _ _ .:.'. ... ...,, `•,�, ..:;,tom.: .z. -_ `s. percentage, fee, or gift of any kind contingent upon 6r resulting ONOTICN 14 .- GC YICT. Off' - INTER38T. 14.1 Project Sponsor covenants that no person tender its employ who presently exercises any functions or responsibilities in connection with this Agreement has any personal financial interest, direct or indirect, with the City. The Project Sponsor further covenants that, in the performance of this Agreement, no person having such conflicting interest shall be emploYed. Any such interests on the part of the Project Sponsor or its employees, must be disclosed in writing to the city. 14.2 The Project Sponsor is aware of the conflict of interest laws of the City of Miami (city of Miami Code Chapter 2, Article V), Dade County, Florida (Dade County Code, Section 2-11.1), and the State of Florida, and agrees that it shall fully comply in all respects with the terms of said laws. BS'CTIQN 15 - INDEPENDENT CONTRACTORB The artier hereto are independent contractors. No other relationship, legal or. otherwise, shall be deemed to have been created by this Agreement, including without limitation, a partn- ership, joint venture, employer/employee, or principal/agent relationship. Project Sponsor and its employees and agents shall .', not attain ;any rights or benefits under the Civil Service or pension Ordinances: of the City, or any rights generally afforded 'classified or unclassified employees of the City; further neith- -15- - �- 122 4.A k � i xt taxes Fr �s - `, 0'f^4irt..tgi t or the Project sponsor nor its employees shall be deemed entitled to the benefits under the Florida Workers' Compensation Act as an k employee of the City. SECTION 16 TIRKINATION OF UH AGAVEUNT The City retains the right to terminate this Agreement at any time prior to the conveyance of the Project Development Site pursuant to paragraph 5.2 herein without penalty to the City. In that event, notice of termination. of this Agreement shall be in writing to the Project sponsor. SECTION 17 - NONDISCRIMINATION i The Project Sponsor agrees that it shall not discriminate as r to race, sex, color, creed, national origin, or handicap in r connection with its performance under this Agreement.. Further, no otherwise qualified individual shall be excluded from participation in, be denied benefits of, or be subjected to discrimination under any program or activity receiving federal financial assistance solely by reason of his or her race, color, creed; national origin, or handicap. SECTION 18 -MINORITY PROCUREMENT COMPLIANCr`` The Project Sponsor acknowledges that it has been furnished 3— — T a copy°of Ordinance No. 10538 as amended, the Minority Procurement _ ordinance of the City of Miami, and agrees to comply with all -16- 91- 122 - 3 4ky t ti ',I V, I11- tw, sx a applicable substantive and procedural provisions herein, including any amendments thereto. Funding for this Agreement is contingent upon the availabil- ity of funds and the continued authorization for program activ- ities and is subject to amendment or termination due to lack of funds, or and of authorization, reduction of funds, and/or chan- ges in regulations. In the event that the Project Sponsor fails to comply with each and every term and condition of this Agreement or fails to perform any of the terms and conditions contained herein, then the City, at its sole option, upon thirty (30) days notice to Project Sponsor, may cancel and terminate this Agreement. Should the Project Sponsor fail to complete the Project and obtain a Certificate of occupancy within the time prescribed in E. paragraph 6.3 herein, the City may, at its option, -exercise_ its f. j. reversionary interest in the land and improvements, without any j compensation to the Project Sponsor. t. If, after this Agreement is executed, either one of the two events listed -below occurs, $325,250.00 of the monetary contribu- tion'`specified in paragraph 5.3 (above) shall, in the sole and arbitrary. -discretion of the City, be deemed a..loan to the Project q. Spanaor and shall be payable in full. In such a case, the Project Sponsor shall also pay the City's reasonable attorneys fee in the event that the outstanding balance is placed in the hands of an attorney for collection. The two triggering events are as follows! a) the Project Sponsor fails to carry out its responsibilities under this Agreement within 24 months of the Date that the property is conveyed pursuant to Paragraph 5.2 (above). b) A court or administrative agency begins or threatens proceed- ings which will materially and adversely affect the Project Sponsor's ability to fully effectuate and carry out this Agreement, BECTION 21 - ENTIRE AGREEMENT This Agreement, and the "Contract for Sale and Purchase" which has been executed simultaneously with this Agreement (a copy of 3 which is attached hereto and labeled Exhibit "B") constitute the entire Agreement between the parties hereto pertaining to the subject matter contained herein. No supplement, modification, or z amendment of this Agreement shall be binding unless executed in writing by all authorized representatives of the parties. f.. f. SECTION 22 - NOTICE v All notices or other communication given pursuant to this Contract shall be in writing and shall be delivered by personal service, or by regular mail addressed to the party at the address f 91-- 122 . a ... .. - Y 5i iiT��f an ( to 3 z {f8i? t indicated herein or as the same tray be changed from time to tift- " Such notice shall be deemed to be given on the day can which is personally served or on the date of actual receipt, whichever is earlier 1 E por prof Prot sponsor Or. Henry Daniels �{ s St. John CDC ; 1328 N.W. 3rd Ave. P.O. Box 015344 Miami, Florida 33101-5344 A j Por City Jeffery B. Hepburn Department of Development and Housing Conservation Dupont Plaza Center t Suite 401 300 Biscayne Blvd. Way ? Miami, Florida 33131 ?r BECTTON 23 - INBURANCE The Project Sponsor shall purchase and maintain throughout the for independent contractors, contractual liability, broad form property damage on a replacement cost basis until the point of sale and other endorsements as may become applicable. b) All builder's Risk policy on a replacement cost basis to be furnished to and approved in writing by the Agency, prior to the construction loan closing. c) Business auto policy with a minimum limit of $300,000,00 combined single limit covering bodily injury, property damage, on all owed, non -owned and hired vehicles used on the project development site if applicable. d) Except for Workers' Compensation all policies. shall be endorsed to name the CITY as an additional insured to the extent of the CITY's interest arising from this Agreement. To provide that failure of the Project Sponsor to comply with any of the policy provisions will not void coverage for the CITY. e) The required insurance shall be so written that the policy or policies may not be cancelled , non -renewed or adversely 4. changed without thirty (30) days advance written notice to the is , ' City of Miami being delivered to the Office of the Risk - f Management Division, Insurance Coordinator, 174 East Flagler } Street, 7th floor, Miami, Florida 33131. f) A .current certificate of insurance showing present-day required coverage shall be supplied to the Agency prior to commencement of activities under this Agreement. Policies, - -20- r 91— 122 S d' a ro ,. S i forms and endorsements shall be provided upon request to the City within five (5) working days. g) Insurance policies required above shall be issued by companies authorized to do business under the laws of the state of Florida. The company must be rated no less than A as to management, and not less rnan class v.L.L — Wi••�•=���� strength, in accordance with the latest edition of Best's Key Rating Guide, published by Alfred M. Best Company, Inc., Oldwick, New Jersey. h) Receipt of any documentation of insurance by the CITY or by any of its representatives which indicates less coverage than required does not constitute a waiver of the Project Sponsor's obligation to fulfill the insurance requirements herein. i) The City Manager, or his designee, may at his sole descretion modify the insurance requirements of this Agreement as is/are needed to protect the City. SECTION 24 - GENERAL CONDITIONS 24.1 Title and 'paragraph headings are for convenient references and are not a part of this Agreement. 24' 2 No waiver of any of the provisions of this Agreement shall be deemed to, or shall constitute, a waiver of any other provision, whether or not similar, nor shall any waiver — # -21 t 91_ 124 1 a � �." - ,•_ Ito waiver aha�� " 'i 8hatituts ► cOntin, g t�aiver. ;Y rsntin WAiVGr. b►l,Gas executed in writifig by the party an provision of this Agreement is found o 24.2 In the event thaty deemed such provision shall be be legally unenforceable, `tlith such d to the extent necessary in order to Conform �hOdifie with such laws, then the laws, or if not modifiable to conform in either event, ' such d same shall be deemed severable► anforcement of any other unenforceability shall not prevent en provision of this Agreement6 caused this caused the parties hereto have IN WITNE88 � uted by the respective officials thereun o ec instrument to be ex ear first above written. duly authorized, this the day and Y 1 SIGNATURE OB PROJECT SPONSOR CORPORATION ST. JOHN COMMUNITY DEVELOPMENT AW1(Da e) By..�1?s dent i (Seal) ATTEST: Secretary SIGN79EZ=7 OF THE STATE FLORIDA CITY a rl /o 47 (Date) BY: CESAR H. CITY MANAGER 1 s 11 f t f CITI CLERK TO FORM AND CORRECTNESS APPROVED AS TO INSURANCE REQUIREMENTS: SEGUNDO It. z INSURANCE OORD N OR LAW DEPARTMENT (Seal) of (Date) 4 T is it si —23- 4 is 91 1'22 U, I! - Mc WT, MtV ............... S S i.! �11Li a3 AM El --OR pis i1 11 1 1 !: { 35�. l iji I 0 A M z f> 01 F N W. IE TH STREET 4 :: �. ■ ■ - �■ a _� I1 �P I', III III IiU j lllll!I!li�l to � n's townhouse-�s t 1 • hn 5 .Mmumt Y de c • m = t CUP. LEGEND moor&. . - a OTOw-t8 a a[o /a •.T»O a'. a .-OOC&. VO• • —...T»... Oct. apw-tw1.[DOI■ w.T»w 190 • V»ITw mODCI O • a wTow-ra a .CD IS w.T»w I.a.O w • 10 V»-T. TOT.&. MM we. O. V-.-Tw as V».Ti ..ww-»w •-cw-oco: a• SIDE (RIGHT) ELEVATION iN-r1•-O- J eoY.w +fYCCo ITCR-romel q,J Yr..eLT ew�w0♦i. „• ewoo*w ov%ceo �.Y -------- larL GROUNG FLOOR PLAN FRONT ELEVATION u.-.. - 0- - C4 ' •', -.: . � � ....+•[. .[s.es• B •[e.eer r.. n. •.s.awr s-.• . •-e- ecs.oe�1 � w.e.•..r.e- ! w C Q 'A NV �'-... . .[s.eer !!l e ..e•Y.r•e- ueeoor ew ee T'e) as •o *2.F.A ..e s•rr .oer Y �7 [ • 0-♦•[. .yt.c O•••-. 4-e' aiv 1 o+.._� .•e! /0. •. u 1 M C,o Qw 0 z O .., a.t•••• .es. .sawee•• w.re ..[. •[swear . ` ..e ..c. r.^ f W O �. if � • ar s c o �• inY e • a � i UNIT G UNIT A UNIT A a eco is e.Tre see e0. IT. UNIT G 5690,01 •aae ee Nu e! GROUND FLOOR PLAN N~ •u Qs a . a .r. •e.r � f . ,: . .. r :..,�.-.....:•c^.x•,- =-. ;...._..._Y..»_ �..�..__... _. . _. _ . - � ,� far,-.:--' i Y -MA ��tt�iiii Bill f��iiii����� UNIT D UNIT O UNIT s UNIT e : e°n -S oAv- UNIT O UNIT O . sco • e• ••o W IT. .3 e0 so. IT SECOND FLOOR PLAN 7JNIT 'D YNIT D UNIT B UNIT S UNIT D NIT TH�1RD FLOOR PLAN �J EXHIBIT "B" CCtiI 11RACr FOR SALE AM PttOW11 adwMa City of Miami ("Seller") and St4ohn Community Development Corporation ('Buyer") This Agreement is entered into this 13% day, of 1990, by and between the CITY OF MIAMI, Dade' County, a Municipal Corporation of the State of Florida (the "Seller") and ST. JOHN COMMUNITY DEVELOPMENT CORPORATION (the "Buyer') whose address is P.O. Box 015344, Miami, Florida 33101-5344 (telephone 372-0682). WITNESSETH WHEREAS, the City, in cooperation with the Purchaser, is implementing a project to increase the supply of affordable housing 4 for families and individuals in the Overtown Community Development Target Area; and, WHEREAS, in February of 1986, through Resolution No. 86=-1711 • f the City Commission approved in principle the 1986 Housing Action ,Plan for the Overtown Target Area which recommended a strategy for the provision of affordable housing in the Overtown neighborhood; and, WHEREAS# the Miami City Commission, through Resolutiom No. 86-1711. also directed the City Manager to., proceed. in acquiring development sites for the construction of affordable housing in Southeast Overtown in accordance with the 1986 Overtown Housing Action Plan and further allocated 11th Year Community Development Block Grant funds to defray the cost of site acquisition; and, 91- 122 1 4 T a a(. r� +: W1tHAHA9# in November of 1986, through Resolution No. 86-886, the.Miami City Commission directed the City Manager to proceed in acquiring Sites 10 and 11 in the Overtown neighborhood through a Y ' negotiated purchaser and, U91MAB, in November of 1987, through Motion No. 88-1069, the Miami City Commission established $40,000.00 as the purchase price for Sites 10 and 11 and agreed to convey the subject parcels to the Purchaser for the purpose of developing affordable housing in the Overtown Neighborhood; and, j WHERBAS, the Purchaser desires to purchase said properties located at 1233 N.W. 3rd Ave, 208•-244 N.W. 13th St., and 1300 N.W. 2nd Ave, for use in conjunction with the development of affordable J; housing in the City of Miami. 14OW THEREFORE, in consideration of the mutual covenants contained herein, the Buyer and Seller hereby agree that the Seller ry shall sell and the Buyer shall buy the real property described below upon the following terms and conditions WN3CH INCLUDE the Standards for Real Estate Transaction that are attached hereto and are incorporated by reference (Attachment "All). Description The legal descriptions and street addresses of the real estate that is the.. subject matter of this Contract are found in' Attachment. "B", which is attached hereto and incorporated by reference. - Contingencies The Seller shall convey the property to the Moyer only after all of the following contingencies have been satisfiedi 1. The City Commission of the city of Miami most have given final approval to this contract. 2. The parties must have successfully negotiated a separate agreement to be known as the "Memorandum of Agreement" dealing with the construction and rental of the housing on the real estate being conveyed by this Contract (whereas the terms of this Contractvi for Sale and Purchase govern only the conveyance of title from Seller to Buyer). Such "Memorandum of Agreement" must additionally have been given final approval by the City Commission of the City of Miami. 3. All property disposition requirements imposed by state law upon municipalities must be satisfied. 4. The Buyer must submit plans to the Seller which shall consist of final working drawings and specifications 'including E� (without limitations) the following information: a. Definitive architectural drawings; b. Definitive foundation and structural drawings; r . as Definitive electrical and mechanical drawings and final specifications within sixty days. i -3- 122 now �c gg fi t 41Y a ti u r yni 5 The Seller shall review these final working drawings and apecifications and shall promptly provide the Buyer notice of its approval or disapproval. In the event of disapproval, the Seller shall promptly set forth in detail its reasons for the disapproval. These reasons shall be given to Buyer not more than thirty days after receipt of the documents. The seller's approval of these final working drawings and specifications is a precondition to closing. Such approval shall not be unreasonably withheld. 5. The Buyer shall have received the commitment or commit- ments for the construction and permanent financing of the housing to be -built on the real property. The Buyer shall present to the Seller such evidence of this commitment or commitments as may be reasonably satisfactory to the Seller. The Seller's approval of these commitments is a precondition to closing. Such approval shall not be unreasonably withheld. Title Evidence Within 15 days from the date of this contract, the Seller shall, at its expense, deliver to the Buyer or its attorney, in accordance with Standard A (Attachment "A") an abstract of title. o� closing. Date This. transaction shall be closed and the deed and other closing papers delivered either before or simultaneously with the g p.:p --4 - i s 91— 122 f r t e L- Y f i a Cj•ttxQY_', r t a = t closing on the construction loan (for the construction of the residential units on the property). r Restrictions Sasementst Limitations The Buyer shall take title subject to; zoning, restriction, prohibitions, and other requirements imposed by governmental _ authority; restrictions and matters appearing on the plat or otherwise common to the subdivision; public utility easements of record (easements are to be located contiguous to property lines and are not more than 10 feet in width as to the rear or front lines and 7 1/2 feet in. width as to the side lines, unless otherwise specified herein); taxes for the year of closing and subsequent years (see Exhibit "A", section K "Prorationsregarding proration of the taxes for the current year) ; and assumed mortgages and purchase money mortgages, if any. Provided, however, that, there exists at closing no violation of the foregoing and the bane . does not prevent the use of the property for the construction and sale of housing units. _ Use of Property The Buyer promises to use the real estate which is the subject matter of this Contract for the purpose of building affordable rental housing units in accordance with the terms of the "Memora- ndum of Agreement! to be negotiated and executed prior to the — i 122 y _ Al t; l' t: ;�{ Fxy k: • it {•' L x r i 041 Notn%can thin Contract (see the section entitled "Continge- noieftif t above) . EIa�1A�'t1RE Off' R Y1�R ST. JrONN COMMUNITY DEVELOPMENT CORPORATION Si+.JAW,K/• � �A?o i. President f ( ate) ATTEST: Secretary (Seal). AXONATURE OF 8$ I CITY OF MIAMI, N CIPAL CORPORATION OF THE STATE FLORIDA By: CESAR H. ODIO (Date) CITY MANAGER ATTES - MATTY, RAI (Seal) i_ CITY. CLERK APPROVED S O FORM AND CORRECTNESS f L. JO GE FE AN (Date)' CITY ATTORN v -6- 9i-- 122 f r a 4 ) { r 5 h` jjair tb''� y h' :j} } • J i Ys 100 A't`M MWNT W: STANDAIMS FOR RHAL MATH'IRANSAMIONS A. EVIDENCE OF TITLE: An abstract of title prepared by a reputable abstract firm purporting to be an accurate synopsis of the instruments affecting title to the Property recorded in the public records of the county wherein the Property is located which shall commence with the earliest public records, or such later date as may be customary in the county. 1. Seller shall convey a marketable title, subject only to liens, encumbrances, exceptions, or qualifications set forth in this Contract and those which shall be discharged by Seller at or before closing. Marketable title shall be determined according to applicable 'title Standards adopted by authority of the Florida Bar and in accordance with law. Upon cloning of this transaction the abstract shall become property of the Buyer, subject to the right of retention thereof by the first mortgagee until fully paid. Buyer shall have 10 days from the date of receiving evidence of title to examine same. If title is found defective, Buyer shall, within 3 days thereafter, notify Seller in writing specify- ing defect (a). If said defect s) render title unmarketable Seller will have 120 days from receipt of notice within which to remove said defect(s), and if Seller is unsuccessful in removing them within said time, Buyer shall have the option of either accepting the title as it then is, or demanding a refund of all monies paid hereunder which shall forthwith be returned to Buyer and thereupon Buyer and Seller shall be released, as to -one another, of all further obligations under this Contract. B. SURVEY: Buyer, at Buyer's expense, within the time allowed for delivery of evidence of title and examination thereof, may have the Property surveyed and certified by a registered Florida surveyor. If the survey shows any encroachment on the Property or that improvements intended to be located on the Property in fact encroach on setback lines, easements, lands of others, or violate any -restrictions, contract covenants, or applicable governmental regulations, Buyer shall have the option of either accepting the Property as it is or terminating this agreement with no further obligation on its part to purchase the Property. -7- 91 - 122 i "C' 1HORESS AND 1;C,R989: 1 Seller warrants that there is ingress and egress to the, Property sufficient for the intended use as described in this contract. D. LUNS: f Seller shall, both as to the Property and Personalty being sold hereunder, furnish to Buyer at time of closing an affidavit attesting to the absence, unless otherwise provided for herein, of any -financing statements, claims of lien or potential lienor known to seller and further attesting that there have been no improve menu or repaira to the Property for 90 days immediately preceding the date of closing. If the Property has been improved, or repaired within said time, Seller shall deliver releases or waivers of mechanic's liens, executed by all general contractors, sub- - contractors, suppliers, and materialmen, in addition to seller's lien affidavit setting forth the names of all such general contractors, subcontractors, suppliers, and materialmen and further reciting that in fact all bills for work to the Property or Personalty which could serve as a basis for a mechanic's lien or a claim for damages have been paid or will be paid at closing. E. PLACE OF CLOSING: Closing shall be held in the county wherein the Property is located, at the office of the attorney or other closing agent designated by the Seller. G. TIME: Time is of the essence of this Contract. Any reference herein to time periods of less than six (6) days shall in the computation thereofexclude Saturdays, Sundays, and legal holidays, and any time period provided for herein which shall end on a Saturday, I Sunday, or legal holiday shall extend to 5:00 p.m. of the next full. I business day. H. PRORATIONS: jTaxes, assessments, rent, interest, insurance and other expenses and revenue of the Property shall be prorated through the day `to the closing. Cash at closing shall be increased or decreased `as may be required by said`prorations. All prorations' -s- s i Will he made through the day prior to occupancy if occupancy occurs 'before cloning. 'faxes shall be prorated based on the current year's tax. if closing occurs at a date when the current year's Aillags in not fixed, and current year's assessment in available, taxes will be prorated based upon such assessment and the prior year's milla9e. If the current year's assessment is not available, then taxes will be prorated on the prior year's tax; provided, however, if there are completed improvements on the Property by January lot of the prior year, then taxes shall be prorated based upon the prior years millage and at an equitable assessment to be agreed upon between the parties, failing which, request will be made to the County Property Appraiser for an informal assessment taking into consideration homestead exemption, if any.. However, any tax prorations based on an estimate may at the request of either the Buyer or the seller be subsequently readjusted upon receipt of tax bill on condition that a statement to that effect is set forth in the closing statement. I. SPECIAL ASSESSMENT LIENS: Certified, confirmed, and ratified special assessment liens as of the date of closing (and not as of Effective Date) are to be paid by the Seller. Pending liens as of the date of closing shall be assumed by Buyer, provided, however, that if the improvement has been substantially completed as of Effective Date, such pending lien shall be considered as certified, confirmed, and ratified and Seller shall, at closing, be charged an amount equal to the last estimate by the public body of assessment for the improvement. J. CONTRACT NOT RECORDABLE; PERSONS BOUND; NOTICY.- Neither this Contract nor any notice thereof shall be recorded in -any public records. This Contract shall bind and inure to the benefit of the parties hereto and their successors in interest. Whenever the context permits, singular shall include plural and one gender shall include all. Notice *given by or to the attorney for any party shall be as effective as if given by or to said party. I K. CONVEYANCE: Seller shall convey title to the Property by quitclaim deed. Seller shall retain a right of reversion in the property as follows: if the "Project" (as defined in the Memorandum of Agreement") is not completed within 24 months of the conveyance of the Property, the Seller may enter and terminate the estate being 91- 122 OWAL 4 y ` nvuye l in both Sites 10 and 11 (as dee ribo-d in ly t �l�' i if Buyer does not complete const�wotion of mudtoel t �rl the housing unity on bite .i whin 48 months of the cunveyur►e�e� in Site. Se�.ier' may entat and terminate the astute being convoyed lit I s P i{ � f! i. • t i i a ijx If ig b 7 f { 2 _91 f -- F F yi is T, f £ It fir' •. 4�.:asr y OR i t 51 �Tc9l�i: a T LEGAL � MMONS OP PROPHRTY , �t ' ADDRESS: 1233 Northwest 3rd Avenue, Miami, Florida LEGAL bESCRTPTION: , Lot 7and the West 8 feet of Lot 6, Block g of SUBDIVISION Plat Book "B" Page 27 of the i SOSTS Public Records of Dade County, Florida ' FOLIO NUMBER: .01-3136-37-0410 1 208-244 Northwest 13th Street, Miami, Florida ` ADDRESS: I LEGAL DESCRIPTION: Lots 21 3, 4, and 5 and the East 42 feet of Lot SOSTS SUBDIVISION Plat Book "B" — f 6 in Block 9 of at Page 27 of the Public Records of Dade i County, Florida FOLIO NUMBER: 01-3136-37-0400 1 • 1300 Northwest end Avenue, Miami, Florida t ADDRESS: ' LEGAL DESCRIPTION. Lots it 2t 13, and 14.in Block 1 of SOSTS to the Plat thereof SUBDIVISION, according recorded in Plat Book "B" at Page 27 of the 3 Public Records of Dade County, Florida less that portion of Lots Jtt. and excluding therefrom 2 more particularly described as follows: E 1 and Begin on the East line of said Lot 1 at feet North 2022102" West a point 70.80 from the Southeast corner of said Lot It. thence.North 64002126" West 113.24 feet i to the West line of said Lot 2, thence North 2' 33' 32" West 84.98 feet along said34. said West line to the Northwest corner of iF R -11- Wk 91— 122' !j In = t Y P f �F Lot 20 thence North 87131313211 East 99.$8 feet along the North line of said Lot# 2 and Ito the Northeast corner of said Lot 1 thence South 242210241 East 138.64 foot' along the Nast lime of Said Lot 1 to the point of Beginning POLIO NUMBER: � 01 3136 37 0010 '" 1 i a i, all • i f z ".f r ii ���, 'dl�• i ti g+'F� {l�i�tl.1... �,i !r�'•3fv.� t y�.�7 p �. z eft �� i Ak r � A This instrument prepared by,. John M. Little, Meq. L3dM# 225 N.E. 34 St. Miami, Florida 33137 DEED Thia Indenture, made this 47, day. of1.9k) A.D., between CITY OF MIAMI, Dade County, a Municipal Corporation of the State ,,.,,, of Florida, the party of the first part, and ST, JOHN COMMUNITY DEVELOPME14T CORPORATION, INC. of the County of Dade in the State of Florida, the party of the second part, WITNESSETH: that the party of the first part, for and in con- sideration of the sum of ten dollars, to it in hand paid by the said party of the second part, the receipt whereof is hereby acknowledged, has granted, bargained and sold to the said party of the second part, its heirs and assigns forever, the following described land, to wit: First parcel Lot 7 and the West 8 feet of Lot 6, Block 9 of BOST' S SUBDIVISION Plat Book "B" Page 27 of the Public Records of Dade County, Florida. Second Parcel Lots 2t 3j, 4 and 5 and the East 42 feet of Lot 6 in Block 9. of BOST'S SUBDIVISION Plat Book "B" at Page 27 I� of the, Public Records of Dade County, Florida. Third Parcel 0 .. , , Lots 1, 21 13, and 14 in Block 1 of SOSTS SUBDIVISION,' according to the Plat thereof recorded in Plat Book "B" _ at Page 27 of the Public Records of Dade County, Florida, E less and excluding therefrom that portion of Lots 1 and 2 more particularly described as follows: it x� Begin on the East line of said Lot 1. at a point 70. 80, feet: North 2 0 22',0210 West from the Southeast ,: corner of said Lot 1, thence North 64.02126" West 113.24 feet to the West line of said Lot 2, thence North 2113313211 West 84.98 feet along said West line, to the Northwest corner of said Lot 2, thence North v_ t fi It . 91- 122 ,a s 6 x. wR u/-ja•jz" East 99.as reet along the Nortn line or said Lots 2 and 1 to the Northeast corner of said Lot 1, thence South 2022102" East 138.64 feet along the East line of said Lot 1 to.thq Point of Beginn- ing. but if the party of the second part fails to complete construction of the rental housing units on the First and Second Parcels (as is regui;red by the "Memorandum of Agreement" previously entered into between the parties) within 24 months of the date of this con- veyance, the party of the first part may enter and terminate the estate being conveyed in all three parcels., Likewise, if the party of the second part fails to complete the construction of multifami- ly housing units on the Third Parcel within 48 months of the date of this conveyance the party of the first part may enter and terminate the estate being conveyed in the Third Parcel. For purposes of this paragraph, construction will be considered completed when a certificate of occupancy has been issued by the relevant unit of local government. IN WITNESS WHEREOF, the said party of the first party has caused these presents to be executed in its name by its City Commission acting by its City Manager, the'day and year aforesaid. CITY -OF MI MUNIC PAL CORPORATION OF THE STATE FLORIDA BY: Ion otI ho i CESAR H . ODIO /(Date) Y MANA R ATT 744MAM HIRAI (Seal) CITY CLERK A PROVE TO FORM AND CORRECTNESS l -1-4 Qc7 J GE L. ERNANDEZ (Date) CITY CITY ATT EY STATE OF FLORIDA COUNTY OF DADE The for soing strument was.acknowledged befrncipa n this �'day `to c , 199 by H. ODIO, City Manager of the City of Miami, a unty, a M Corporation of the State of Florida. VU s: Notary Public t�1TARY rwl.IC �frt nV PLADMa My commission expires", «„f+isstaa EXP. APR.90,1774 ax+neo ri n c mrRa Ins. utm. 91-- 122 } { Identification Information (8699,02(2) r * 8. ) E Property Apprailser e Parcel Identification "limbaki.- , I i i01-3136-37-0410 LA 01Y-3136-37-0400 i 01-3136-37-0010 j I, ;wf ;t r 4 'CITY OF MIAMi, INiWOFFIdi MEMORANDUM • to: Honorable Mayor and Members.. DATE : JAN 2 9 1991 FILE of the City Commission SUBJECT : Resolution Relating to St. John Affordable Rental Housing Project FROM :Cesar i . Odio REFERENCES: City Commission Agenda City Manager Item/Pebruary 14, 1951 ENCLOSURES: RECOWUNDATION: It is respectfully recommended that the City Commission adopt the attached resolution related to the development of a 35 unit affordable rental housing project planned in the Overtown neighborhood by St. John Community Development Corporation. The attached resolution ratifies and reaffirms Motion No. 88-1069, adopted by the City Commission on November 8, 1988, whereby the City Commission approved in principle an amount of $40,000 as the price to be paid by St. John Community Development Corporation for the acquisition of City -owned Sites 10 and 11 located in the Overtown neighborhood, in connection with the aforementioned housing project. The attached resolution also ratifies and reaffirms the City Manager's execution of the Purchase and Sale Agreement and conveyance of Sites 10 and 11 to St. John,.Community Development Corporation for t-he development of the said housing project, subject to 'certain terms and conditions as .set forth in the Memorandum of Agreement dated December 21, 1990, between the City and St. John Community Development Corporation. The attached resolution further authorizes the City Manager to execute an Amendment to the aforementioned Agreement dated December 21, 1990, Wtich incorporates the requirement for competitive selection of thgeneral contracting firm to construct the project, in addition j to' requiring compliance with the Federal Labor Standards' provisions of the Davis -Bacon Act in connection with the construction of the proposed housing project. BACKGROUND: 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 by St." j John Community Development Corporation on City -owned Sites 10_ and.' ll in`the Overtown neighborhood. The attached'resolution ratifies and reaffirms Motion No. 88-1069, adopted by the City `Commission" on November 8, 1988, whereby the City Commission approved in principle, `an amount of $40,000 as the price :to be paid, by' St : John Community Development Corporation for, the acquisi:tion,of City=owned Sites 10 and 11 In 'connection with the aforementioned j housing project, �j St. John Affordable Rental Mousing project , Page � 2 a The attached resolution further ratifies and reaffirms the City Manager's execution of the Purchase and Sale Agreement and Conveyance of City -owned Sites 10 and 11 to St. John Community Development Corporation, subject to certain terms and conditions as , set forth in the Memorandum of Agreement between: the City and St. John Community Development Corporation, dated December 21, 1990. The attached resolution also authorizes the City Manager to execute an Amendment to the Agreement, which incorporates the requirement for provisions for the competitive selection of the general contracting firms and compliance with the provisions of the Davis -Bacon Act during the construction of the proposed project., In November of 1986, through Resolution No. 86-886, the City Commission directed the City Manager to proceed in the acquisition of Sites 10 and 11 located at 1233 Northwest 3rd Avenue, 208-244 Northwest 13th Street and 1300 Northwest 2nd Avenue for the purpose of developing affordable housing in the Overtown neighborhood. Subsequently, at the November 8, 1988 City Commission meeting, representatives of St. John Community Development Corporation made a personal appearance before the City Commission to request the establishment of a value for the purchase of City -owned Sites 10 and 11 from the City for the purpose of developing affordable housing in the Overtown neighborhood. As a result, through Motion No. 88-1069, the City Commission established $40,000 as the purchase price for City - owned Sites 10 and 11 and agreed to sell the subject parcels to St. John Community Development Corporation subject to certain terms and conditions. To date, St.* John Community Development Corporation has secured approximately $997,500 in construction and permanent financing from 'Metropolitan Dade County through the County's Documentary �3 Surtax Program. The project sponsor has also tentatively secured �! construction and permanent financing commitments in the amount of $729,000 and $197,100, respectively, from Safra Bank and a $50,000 loan from Greater Miami Neighborhoods, Inc. to assist in financing` the proposed housing project. In November of 1990, St. John Community Development Corporation i, was notified by the State of Florida Housing Finance Agency that its application for project financing under the Low Income Housing Tax Credit Program had been approved by the Agency. As a requirement to ensure that St. John Community Development Corporation's allocation for' Low Income Tax Credits would be available for the project, the Florida Housing Finance Agency required that St. John secure title to City -owned Sites 10 and 11, in addition to the expenditure of approximately ten percent (10%) of the total project cost, prior to December 31, 1990. As a result, it was critical that the City proceed in selling the # aforementioned City -owned parcels to St. John Community { Development Corporation prior to December 31, 1990. ?i i! MIT` Fill The attached resolution ratifies and reaffirms Motion No. 88-10690 which approved the selling price of $40#000 for City -owned Sites 10 and 11, in addition to the execution of the Purchase and Sale Agreement between the City and St. John Community Development Corporation. 'The attached resolution • further ratifies and reaffirms the City Manager's conveyance of the subject City -owned parcels, in addition to the execution of the attached Amendment to the Memorandum of Agreement between the City and St. John Community Development Corporation dated December 21, 1990. City Commission ratification of the attached resolution is recommended. z i IV Ir i <? }sue IJ� 7\J -455 I t l: 91 A fT _ fps