HomeMy WebLinkAboutR-90-0893J-90-908
11/08/90
RESOLUTION NO. 9 0_ 893
A RESOLUTION REALLOCATING APPROXIMATELY
$365,250 IN FIFTEENTH (15TH) YEAR COMMUNITY
DEVELOPMENT BLOCK GRANT PROGRAM FUNDING IN
SUPPORT OF ST. JOHN COMMUNITY DEVELOPMENT
CORPORATION TO PROVIDE A PROJECT DEVELOPMENT
EQUITY GRANT IN CONNECTION WITH ITS FINANCING
AND CONSTRUCTION OF A THIRTY-FIVE (35) UNIT
RENTAL HOUSING PROJECT AFFORDABLE TO LOW AND
MODERATE INCOME FAMILIES AND INDIVIDUALS IN
THE OVERTOWN NEIGHBORHOOD; SAID FUNDING BEING
MADE AVAILABLE BY THE REDUCTION OF THE
APPROPRIATION FOR CAPITAL IMPROVEMENT PROJECT
ENTITLED "MODEL CITY LAND ACQUISITION,"
PROJECT NO. 321039 IN A LIKE AMOUNT; FURTHER
AUTHORIZING THE CITY MANAGER TO ENTER INTO AN
AGREEMENT IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, BETWEEN THE CITY OF MIAMI AND ST.
JOHN COMMUNITY DEVELOPMENT CORPORATION IN
CONNECTION WITH SAID CORPORATION'S PROPOSED
RENTAL HOUSING PROJECT PLANNED IN THE
OVERTOWN NEIGHBORHOOD.
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 sector is necessary
to foster the development of housing within the affordability
range of families and individuals of low and moderate income; and
WHEREAS, on April 27, 1989, through Motion No. 89-390, the
City Commission approved the allocation of $500,000 in 15th Year
Community Development Block Grant funds for the purpose of
acquiring certain slum and blighted properties in the Model City
neighborhood bounded by Northwest 56th and 58th Streets between
Northwest 6th Place and I-95 Expressway in connection with the
development of affordable housing in the neighborhood; and
WHEREAS, on July 13, 1989, through Resolution No. 89-645,
the City Commission modified Motion No. 89-390, thereby reducing
the previously approved acquisition allocation of $500,000 to
$375,000 for the above project; and
WHEREAS, over the past year the Department of Development
and Housing Conservation staff has been actively attempting to
CITY COMMISSION
MEETING OF
NOV 8 IM
„munnw90- 893
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acquire the subject properties through a negotiated purchase
settlement with the property owner(s); and
WHEREAS, the City has been unsuccessful in securing
ownership of the subject properties through a negotiated purchase
settlement with the property owner(s); and
WHEREAS, currently there exists in Project No. 321039,
"Model City Land Acquisition" a remaining balance in the amount
of $365,250; and
WHEREAS, it is recommended that the remaining balance of
$365,250 previously appropriated for the above mentioned project
be reprogrammed and allocated to St. John Community Development
Corporation to assist in financing the construction of the not -
for -profit corporation's proposed thirty-five (35) unit
affordable rental housing project planned on City -owned parcels
in the Overtown Community Development Target Area;
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. Fifteenth (15th) Year Community Development
Block Grant funds in the amount of $365,250 are hereby
reallocated from Project No. 321039 "Model City Land Acquisition"
as set forth in Ordinance No. 10812 to provide financial
assistance by means of a project development equity grant to St.
John Community Development Corporation for the construction of a
thirty-five (35) unit affordable rental housing project planning
the Overtown neighborhood.
Section 3. The City Manger is hereby authorized to enter
into an Agreement,11 in a form acceptable to the Citv Attornev.
with St. John Community Development Corporation in connection
with the not -for -profit corporation's proposed thirty-five (35)
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.
-2- 90- 893
+� a
unit affordable rental housing project planned on City -owned
parcels located in the Overtown Community Development Target
Area.
Section 4. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 8th day of November
1990. %%
ATTEST
TTY/'HIRAI,
COMMUNITY DEVELOPMENT REVIEW
AND APPROVAL:
i
FRAWCASTWNIM, DIRECTOR
DEPARTMENT OF COMMUNITY
DEVELOPMENT
PREPARED AND APPROVED BY:
IEF ASSISTANT CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
JO GE L: ERNANDEZ
CI Y ATTO NEY
XAVIER L. SUI!p r MA
CAPITAL IMPROVEMENT PROGRAM
REVIEW:
EDUARDO ODRIGUEZ
CIP PROJECT MANAGER
3 - 90- 893
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