HomeMy WebLinkAboutR-91-03090
RESOLUTION NO. 9 1 - 309
A RESOLUTION APPROVING, IN PRINCIPLE, THE
DESIGNATION OF THE URBAN LEAGUE OF GREATER
MIAMI, INC., A NOT -FOR -PROFIT CORPORATION, AS
PROJECT SPONSOR TO UNDERTAXE THE DEVELOPMENT
OF A LOW -DENSITY RENTAL ROUSING PROJECT
AFFORDABLE TO FAMILIES AND I1tiL, ; ::?DUALS OF LOW
AND MODERATE INCON.E ON CITY -OWNED PARCEL
LOCATED IN THE MODEL CITY COMMUNITY
DEVELOPMENT TARGET AREA, AND WHICH IS MORE
PARTICULARLY DESCRIBED IN SECTION 2 OF THIS
RESOLUTION; ESTABLISHING $95,000 AS THE
REIMBURSEMENT AMOUNT TO BE PAID TO THE CITY
FOR ACQUISITION OF THE SUBJECT PARCELS;
AUTHORIZING THE CITY MANAGER TO EXECUTE A
PURCHASE AND SALE AGREEMENT, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, WITH THE
SAID CORPORATION IN ORDER TO ESTABLISH
EVIDENCE OF SITE CONTROL FOR THE PROJECT
SPONSOR'S APPLICATION FOR PROJECT FINANCING
UNDER THE STATE OF FLORIDA'S LOW INCOME
RENTAL HOUSING TAX CREDIT PROGRAM;
INSTRUCTING THE CITY MANAGER TO RETURN TO THE
CITY COMMISSION FOR FINAL APPROVAL OF
CONVEYANCE OF SAID PARCELS AND FOR APPROVAL
OF ALL PROJECT -RELATED AGREEMENTS.
WHEREAS, there exists in the City of Miami a severe shortage r.
of housing within the affordability range of families and
individuals of low and moderate income; and
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WHEREAS, the City Commission recognizes that participation
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of.both the public and private sector is necessary to foster theAIS
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development of housing affordable to low and moderate income
families and individuals; and
WHEREAS, the City has acquired four (4) parcels in the _Model
City neighborhood utilizing Community Development Block Grant
fundsforfor approximately $95,000, in connection with the
development of new housing resources in the City; and
WHEREAS, the Urban League of Greater Miami, Inc. has secured
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preliminary financing through the Dade County Documentary Surtax
Program in the amount of $598,500 and $365,075 from Homes for A
South Florida, Inc., in addition to $25,000 from Greater Miami
Neighborhoods, Inc.; and
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WH9REAS, the Urban League of Greater Miami, Inc. is desirous
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of developing a twenty-one (21) unit rental housing project in
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the Model City neighborhood on City -owned parcels located at
Northwest 15th and 16th Avenue between 60th and 61st Streets; and
WHEREAS? it is recommended that the City Commission approve
the Urban League of Greater Miami, Inc. as the project sponsor
for the development of an affordable housing project on said
City -owned parcels;
NOWO"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
hereto and incorporated herein as if fully set forth in this
Section.
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Section 2. The designation of the Urban League of
Greater Miami, Inc., a not -for -profit corporation is hereby
approved, in principle, to sponsor the development of a low-
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density, affordable rental housing development on City -owned
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parcels'as indicated below:
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TARGET AREA PARCEL ADDRESS LOT SIZE
Model City 1535 Northwest 60th Street 50 x 106
Model City 1545 Northwest 60th Street 50 x 106
Model City 1540 Northwest 61st Street 50 x 106z
Model City 1603 Northwest 60th Street 100 x 106
Section 3. The City Commission hereby establishes
$95,000 as the reimbursement amount to be paid to the City for
acquisition of the subject parcels.;
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Section 4. The City Manager is hereby authorized to
execute a purchase and sale agreement, in a form acceptable to
the City Attorney, with the Urban League of Greater Miami., Inc.
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for the purpose o
esta s ing ev ence of site control for
inclusion in the
project sponsor's
application for project
financing under the
State of Florida's
Low Income Rental Housing,
Tax Credit Program,
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section S.
The City Commission
hereby instructs the City
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Manager to return
for final City
Commission approval of,
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1991.
conveyance of said parcels and
related agreements.
Section 6. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 25th day of
XAVIER L.
CITYCLERK
PREPARED AND APPROVED BY:
LINDA K. K SON,
ASSISTANT CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
J GE L ERNANDEZ
CI T RNEY
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NARRATIVE DESCRIPTION OF PROJECT
The Urban League of Greater Miami, Inc. is seeking to
construct a 21-unit rental project consisting of seven 3
bedroom 2 bath apartments, and fourteen 2 bedroom 1 1/2 bath
apartments. The project will be constructed on land
currently owned by the City of Miami, on N. W. 60th Street
between 15th and 17th Avenues.
The site is one block south of the 30-unit M & M Maison
project, successfully completed by the ULGM, in September of.
1990. The project is viewed as a second phase of M & M
Maison and it is anticipated that the ULGM will employ the _
same development team for this project.
Architect for the project is Ted Hoffman, designer of M & M
Phase I. ULGM will be assisted in the development of the
project by Greater Miami Neighborhoods, Inca RSC Investments
Is the proposed contractor; however, the project will be
competitively bid upon completion of working drawings to
insure a competitive price, and compliance with Dade County,
minority participation guidelines,
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