The URL can be used to link to this page

Home My WebLink AboutR-91-0740i J-91-761 740 RESOLUTION NO. A RESOLUTION, WITH ATTACHMENT, DIRECTING THE CITY MANAGER TO REALLOCATE APPROXIMATELY $500,367 IN UNEXPENDED TENTH (LOTH) YEAR COMMUNITY DEVELOPMENT PROGRAM FUNDING FROM THE CDBG PROJECT ENTITLED "LITTLE HAVANA MULTIFAMILY REHABILITATION PROGRAM," FROM THE PURPOSE OF PROVIDING FUNDING TO UNDERTAKE THE ACQUISITION OF SLUM AND BLIGHTED PROPERTIES SITUATED AT BISCAYNE BOULEVARD AND NORTHEAST 5TH AVENUE BETWEEN NORTHEAST 62ND AND 63RD STREETS IN NORTHEAST MIAMI FOR DEVELOPMENT OF A MIXED -USE RESIDENTIAL PROJECT. WHEREAS, over the past year the City Administration has been working jointly with the Northeast Task Force in connection with the implementation of a strategy to improve an area bounded by i. Biscayne Boulevard and Northeast 5th Avenue between Northeast 62nd and 63rd Streets in Northeast Miami; and WHEREAS, at the July 25, 1991 City Commission meeting, the City Commission, through Resolution No. 91-587, directed, inter alb, the City Manager to identify funding in the amount of at least $178,000 needed by the Northeast Task Force for implementation of certain improvements to the Northeast Miami area; and WHEREAS, in June of 1984, through Resolution No. 84-842, the City Commission authorized the expenditure of Community Development Block Grant Program ("CDBG") funds in the amount of $1,031,000 in the Model City neighborhood and an equal amount in the Little Havana neighborhood for the purpose of stimulating housing rehabilitation and new housing development in both neighborhoods; and WHEREAS, the aforementioned CDBG funds constitute a portion of the $2,944,000 added to the City's 10th Year CDBG Entitlement Grant by U.S. HUD as a result of a recalculation of the City's 1980 Census based poverty and distress level by the U.S. Department of Commerce; and ATTACH MENTS CONTAINED ED CITY COre+lLmon 14MTMG or WHEREAS, funding in the amount of $800,387 has been identified and is available from unexpended loth Year Community Development Block Grant Program funding, under a CDBG Project entitled the "Little Havana Multifamily Rehabilitation Program"; and WHEREAS, reallocation of the aforementioned amount for the purpose of undertaking land acquisition activities in connection with the eradication of slum and blighted properties situated at Biscayne Boulevard and Northeast Sth Avenue between Northeast 62nd and 63rd Streets in Northeast Miami is in the best interest of the City and promotes the general welfare; and j WHEREAS, said designation of Community Development Block i Grant funds by the City Commission requires an amendment to the Community Development Block Grant Program's Final Statement; 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 Manager is hereby directed to reallocate unexpended loth Year Community Development Block Grant Program funds in the amount of $500,367 from the CDBG Project entitled "Little Havana Multifamily Rehabilitation Program," for the purpose of undertaking land acquisition activities in the area bounded by Biscayne Boulevard and Northeast 8th Avenue between Northeast 62nd and 63rd Streets (graphically depicted on Attachment "A" hereto), for the development of a mixed use residential housing project. Section 3. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 3rd day of r 1991. XAVIER SUARE , MAYOR A B"Z MgT--ft HIRAI CITY CLERK :1 y, BUDGET DEPARTMENT APPROVAL: I 4. MANOHAR S. A, DIRECTOR DEPARTMENT BUDGET FINANCE DEPARTMENT REVIEW AND APPROVALt CARLOS E. CIA, DIRECTOR FINANCE DEPARTMENT PREPARED AND APPROVED BY: 1 0 L ZE. MAXW yC EF ASSISTANCITY ATTORNEY APPROVED AS TO FORM AND CORRECTNESS: ACTIN CI VIATTORNEY COMMUNITY DEVELOPMENT APPROVAL: FRANK CASTAPEDAl DIRECT DEPARTMENT OF COMMUNITY DEVELOPMENT 5-94 91 to fy I I m g: R2 AT -- /Sll 17 -t 7, of hrf-z 4-34 t314 U 141 A(3 ;s Q U)S 10 VEN SE S 17 0143. 54 16 M&El 143 uj SPQ Sol/ 916 67 IZO.' A;*Q co L 75 S F.9. 7 40 7 C s (fH31 59 o lid 3 4?< 7 V 14 /01, z 61 0 5 8 " K G. Ao, VIT 1i K Gq-. Al CITY OF MIAMI, FLORIDA � 31 INTER -OFFICE MEMORANDUM Honorable Mayor and Members of the City Commission _0M Cesar H. Odio City Manager RECOMMENDATION: DATE SEp 2 51991 FILE Resolution Directing City sua,EcT Manager to Reallocate $500,367 in loth Year CDBG Funding for N.E. Miami REEERENCESLand Acquisition Project City Commission Agenda ENCLOSURES Item - October 3, 1991 It is respectfully recommended that the City Commission adopt the attached resolution directing the City Manager to reallocate approximately $500,367 in unexpended loth Year Community Development Block Grant funds from CDBG Project entitled "Little Havana Multifamily Rehabilitation Program," for the purpose of providing funding in connection with the acquisition of slum and blighted properties in Northeast Miami situated at Biscayne Boulevard and Northeast 5th Avenue between Northeast 62nd and 63rd Streets, BACKGROUND: The Department of Development and Housing Conservation recommends ratification of the attached resolution directing the City Manager to reallocate approximately $500,367 in unexpended 10th Year Community Development Block Grant Program funding from CDBG Project entitled "Little Havana Multifamily Rehabilitation Program," for the purpose of providing funding in connection with the acquisition of slum and blighted properties in Northeast Miami situated at Biscayne Boulevard and Northeast 5th Avenue between Northeast 62nd and 63rd Streets. In June of 1984, through Resolution no. 84-642, the City Commission authorized the expenditure of Community Development Block Grant Program funds in the amount of $1,031,000 in the Model City neighborhood and an equal amount in the Little Havana neighborhood, for the purpose of stimulating housing rehabilitation and new housing development activities in both neighborhoods. These funds constitute a portion of the $2,944,000 added to the City's loth Year CDBG Entitlement Grant by U.S. HUD as a result of a recalculation by the U.S. Department of Commerce of the City's poverty and distress level. Since that time, approximately $500,367 in 10th Year CDBG funding remain unexpended under the project entitled "Little Havana Multifamily Rehabilitation Program." The said project was designed to provide owners of existing multifamily apartment buildings with low interest fundings for the rehabilitation of such properties through the implementation of a targeted multifamily rehabilitation loan program. L a IZ Reallocation of $ 500, 367 for N.E. 14iami Land Acquisition Project Pa ge - 2 - To date, under the City's existing CDBG assisted Multifamily Rehabilitation Loan Program, approximately 557 multifamily apartment units have been rehabilitated in Little Havana at a cost of approximately $5,565,640 in City funds and $4,274,590 in private financing. It is anticipated that the reprogramming of the unexpended CDBG funds will not have a negative impact on housing rehabilitation activities in the Little Havana neighborhood, in view of the availability of financing for such activities under the City's existing Multifamily Rehabilitation Loan Program. At the July 25, 1991 City Commission meeting, the City Commission, through Resolution No. 91-587, allocated funds in the amount of $176,000 in City assistance to Tacolcy Economic Development Corporation in connection with the development of the 60 unit Edison Terrace Residential Housing Project. Moreover, through Resolution No. 91-587, the City Commission further directed the City Manager to identify and allocate a like amount for the Northeast Task Force in the 1991-1992 Fiscal Year Budget. With the reprogramming of the entire $500,367 in unexpended loth Year CDBG funds, it is anticipated that the City Administration, working in concert with the Northeast Task Force, could eradicate a number of blighted and unsafe structures located at Biscayne Boulevard and Northeast 5th Avenue between Northeast 62nd and 63rd Streets. The assembled parcels would be utilized to develop a mixed use project consisting of retail and affordable housing units. In an effort to move this project forward, City Commission ratification of the attached resolution is recommended.