HomeMy WebLinkAboutO-10462J-88-682
7/14/88
ORDINANCE NO. 10462
AN EMERGENCY ORDINANCE APPROPRIATING $155,000
FROM THE BRICKELL AREA HOUSING PROJECT TRUST
FUND ACCOUNT NO. 377001-038003-835 FOR THE
PURPOSE OF A LOAN TO A NEWLY ESTABLISHED
DOWNTOWN DEVELOPMENT SUPPLEMENTAL FEE SPECIAL
REVENUE FUND ACCOUNT NO. 127001; SAID LOAN TO
BE REPAID WITHIN A PERIOD NOT TO EXCEED ONE
YEAR, AT AN INTEREST RATE OF 6%, FROM THE
FIRST FEES COLLECTED PURSUANT TO THE DOWNTOWN
DEVELOPMENT SUPPLEMENTAL FEE ORDINANCE.
WHEREAS, a Housing Trust Fund has been created pursuant to
Sections 1556.2.2 and 1576.2.2 of Ordinance 9500, the Zoning
Ordinance of the City of Miami, Florida, as amended, which has
received a total of $248,000 in contributions from nonresidential
developments in the. SPI-5 and the SPI-7 zoning districts in the
Brickell area; and
WHEREAS, said Housing Trust Fund monies are intended to
support the development of affordable housing in the SPI-7 zoning
district and within one mile of the SPI-5 zoning district or
within Southeast Overtown/Park West; and
WHEREAS, the Downtown Master Plan and the Downtown
Development of Regional Impact support and promote the
development of housing, including affordable housing, in the
SPI-7 zoning district and within one mile of the SPI-5 zoning
district or within Southeast Overtown/Park West; and
WHEREAS, completion of the Downtown Master Plan and the
Downtown Development of Regional Impact requires the expenditure
of approximately $155,000 for which no funding source is
immediately available other than the Housing Trust Fund; and
WHEREAS, the Downtown Development Supplemental Fee has been
established by Ordinance No. 10461 for the express purpose, in
part, of reimbursing the City for the costs of preparing the
Downtown Master Plan and the Downtown Development of Regional
Impact; and
-1 11 Ar
WHEREAS, the City Commission deems it advisable and in the
best interest of the general welfare of the City of Miami and its
inhabitants to adopt this Ordinance as hereinafter set forth;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. An appropriation of. $155,000 is hereby made from
the Brickell Area Housing Trust Fund Account No.
377001-038003-835 for the purpose of a loan to a newly
established Downtown Development Supplemental Fee Special Revenue
Fund Account No. 127001; said loan to be repaid within a period
not to exceed one year, at an interest rate of 6%, from the first
fees collected pursuant to the Downtown Development Supplemental
Fee Ordinance.
Section 2. All ordinances or parts of ordinances insofar as
they are inconsistent or in conflict with the provisions of this
Ordinance are hereby repealed.
Section 3. If any section, part of section, paragraph,
clause, phrase or word of this Ordinance is declared invalid, the
remaining provisions of this Ordinance shall not be affected.
This Ordinance shall be effective and the provisions thereof,
unless otherwise indicated herein, shall become operative in
accordance with City Charter provisions.
Section 4. This Ordinance is hereby declared to be an
emergency measure on the grounds of urgent public need for the
preservation of peace, health, safety, and property of the City
of Miami, and upon the further grounds of the necessity to make
the required and necessary payment of its debts, necessary and
required purchases of goods and supplies, and to generally carry
on the function and duties of municipal affairs.
Section 5. The requirement of reading this Ordinance on two
separate days is hereby dispensed with by an affirmative vote of
not less than four -fifths of the members of the Commission.
Page 2 of 3 10462
\
PASSED AND ADOPTED this 14th day of July 1988.
CITY CLERK
PREPARED AND APPROVED BY:
./
vISTANT CITY ATTORNEY
REVIEWED BY:
MANAGEMENi AND GET
APPROVED AS TO FORM AND
4 CO, RECTNES
,9 C y
REVIE14ED BY:
EYl
__ (tLv -
CAR' RECIUR
I' 4fat(y Hiz�aiv Clerk of the City of M. .
tl)nt On the day of.
till, true and 2orre-
City this--,L4_d.y
f 1,!"• +.r � / � l n wr �a.v rr..o�s rvn ��,
MIAMI REVIEW f1EPRbt1UC 10N af:>*f:g��Ds,l.,�sr,t�f
>s 1NCREASiNG 0-gATtfN40,EE5, CONYA fNd Rf; EA15 �r..
Published Dally except Saturday, Sunday and pROVISl0IJ ANb'�1A fsVERA1 0TY CLAUSE fljr}fr�$}s k� � °+"
Legal Holidays k,`+"Inl�+�`„i,ti`i";OfibINfANCENQ 104�8ts` xx �ym+tq
AN EMERGENCY, aft ANCE AMENDING SECTIONS��b
Miami, Dade County, Florida. �', ANdr2 �8 OF TNE1C0'bE OF'THE CITY OFrMIAMi,�FLOPIDA��`�`�'
STATE OF FLORIDA A$, AMENDED,.WH1fyN ESTA`BLISHE3IV!
COUNTY OF DADE: ''E7fAW(I�JA7I�SNI OFF �iAfs Fbf�`!(r1pL�iACE1'I��^fE I' t�:
z zONING ORDI �N E5 � ND FOfa ZONINt$ Cf=R�If=IC1T53
Before the undersigned authoritypersonally appeared + r
P ZSf= USE ANb 13 1..0 %AS"ING CERTAA�V F$ES€�1Nb fy�AFtil�l� � -
Octelme V. Ferbeyre, who on oath says that she Is the r s V
NESSAV CbRIEOTIbNS T0'C;O Eft TF{E INCRE�CSE'
Supervisor of Legal Advertising of the Miami Review, a dolly
Qi?ERA71ofA� re0�f5, CoNTAfN�NG A REP 1.f=
(except Saturday, Sunday and Legal Holidays) newspaper,ANb°A`S�E�Ii�1L fjfYCl�l131E`z``"
published at Miami In Dade County, Florida; that the attached i
copy of advertisement being a Legal Advertisement of Notice 10 4
as AN EIu�E GENCY{f3RDl r{1NCE AMENDI SECTION
In the matter of e � T ,
017j., E,.CODEzOF�TN 1 G1TYi , N , I A, FLdRfb t,' 1
73
CITY OF MIAMI AMENDED, TOiiC'ANGE Y�fE RSQUIRED IJOTIFlCAi1+01
ORDINANCE NO. 10462 FOR I?UBLIC HEAR NGS IN, REGARD}TO'ADM(Not' i4T�ON P1. �
EMERGENCY ORDINANCE APPROPRIATING OF�THCIT E.Y'SICbMPREHENSIVE PLANn(INGIPROGF(AWI.
TOCCOjv1PLY+WI^Cfo MINIMGM REQUIREMEN�5�0! rSTAtE�z
$15 5 , 0 0 0 FROM THE BRICKELL AREA S` .ATUtES AND THERE6V,REDUCE+THE 0(�f`RATING'CO3Ta' v'
HOUSING TRUST FUND ACCOUNT N0. dF7W;CITY, CONTAINING A REPEALER PF{OVISfON ANDi��.
' d:s�(%EtiAe'I'ITY
377001—Q280-835 i ORDfnfANCSzNba1��5�n,:z�ll�xwr
In the ......... ?{................... Court, Aft MERGENCI�"OF#DI ANCE EST SLISH)NG TITf EE NEVI(`
was published In sold newspaper in the Issues of v `Slf ECIAL; REVEI��IE FUNb$ ENTLTL`Eb PA `fITL (�O�[�ER t71
VVOMER (FY '89)",' 'JTt?A TITLE f!A)NEIGHSORHOOD$ JOBS �� � i
PROGRAfvft(FYt','8 SAND "OFFICE OF,I I ERGOVE+ N'r5
July 26, 1988 ME�ITi�L' L'IASO+FYm�$9'+;APPRQp I TIN_ tFUJti 3F
THE OP,ER'Aj40N OF+' EjCP�PONEIN'f`
nRESPECTIVETA OUNTS F,$20,0 (h "_91,+8 f) N6 $bt5�� n
FEiO THE U�IITEU STA`(EStDEPA WNT OF, LAE011;�Nb f
Afflant further says that the said Miami Review is a m t.
news spar published at Miami in said Dade County, Florida, EUtitHEftAUTHORIZINGt(�ECIT.�AANAG�}TO/gGCFI,t
and t�iat the said newspaper has heretofore been continuously THE'AFOQEMENTIONEbGRANTAWARQ,SA(DNfiEJf1Tp"(
published In said Dade County, Florida each day (except THE NEGESSARY,`CONTRACT(S) AND/OR !GREEIdINj($)ti s1
Saturday, Sunday and Legal Holidays) and f+as been entered as
second class mall matter at the post office in Miami in said WITH cTHESOUTH,FLORiDA EMPLOYMFIVT AND 7RAI(Jl1C y '
Dade County, Florida, for a period of one year next preceding CONSOf�TiUM; CONTAINiNf; A REPEALER PROVISIO '`AND r
the first publication of the attached copy of advertisement; and �t "A SEVI=RABILITY CLAUSE ' {;,e' 1'+ It4'sEfk,�
afflant further says that she has neither paid nor promised any
person, firm or corporation any t, rebate, commission I 9t
or refynd for the purpose of curing his advertisement for I AN EMERGENCY ORbIt�ANOE AMENDING SECTIO,iPOlb r ",
oubl atlbn in the said new
.• Syu)p o Iand as.; fed before me this f;
• O a • F.;
djy
�.�.. ..: ',1- .. , A.D.
of � . . ` ' ' ..... _
L -ar
Cheryl \Q Marmer
A • • Notary Pub,le, 80tp of Florida at Large
10
(SEAL) i �' • ... 04�``\`
My Commission t,�p)I'7}a,FPEE tAoi992.
MR 114 ('
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Hly;tJ11VtIY111�14��41'1�A111Y42:!`tN0 t?:�lAtlLltlllllY4i � Iv)IAMIr ,
WAThr FR0NT 0V.100RY .BOARD, CONBlf T)N(� QF%,TEN
it0)f:�!1@>t�f3, FCR T}�tP..URPpIE ,s� REY.fFv�ryNq /�>?If�+`
0YYAI�UAT�NQ i$4�EE'RLAT�9'TO`TME Ui,'ANp ,
DEVELOPMENT OF CITY-OWNED'NATERFf3ONT TPROPERTY
.r AND 99.Tt•C{V;Na OF ADVICE TO HF' 'ITV
Notary Pubjlto'et>1`of Florlda at large
v
MACc y mmlasion�)t/�����92.
MR 114
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CITY OF MIAMI. FLORIDA
INTER -OFFICE MEMORANDUM
-0. Honorable Mayor and
Members of the City Commission
�Q
FROM: Cesar H. Odi o
City Manager
RECOMMENDATION:
DATE: 111 5 19,98 FILE:
SUBJECT: Loan to Downtown
Supplemental Fee
Special Revenue Fund
REFERENCES:
ENCLOSURES:
It is respectfully rccom—Mcndcd that the Commission adopt the attached
emergency ordinance appropriating $155,000 from the Brickell area housing
trust fund for the purpose of a loan to a newly established "Downtown
Development Supplemental Fee Special Revenue Fund"; said loan to be repaid at
an interest rate of 6% from the first fees collected pursuant to the Downtown
Development Supplemental Fee ordinance.
BACKGROUND:
As a companion Planning Department item on the July .14, 1988 agenda, the
Commission is being requested to adopt, on second reading, an ordinance
establishing a Downtown Development Supplemental Fee ordinance. This
supplemental fee ordinance will require funds to be collected from new
development to reimburse the City for 'costs related to preparation and
implementation of the master plan and Development of Regional Impact (DRI) for
downtown.
However, during the current fiscal year there are approximately $155,000 in
expenses remaining to be paid in connection with completion and enforcement of
the Downtown DRI's and completion of the Downtown Master Plan. These expenses
include $78,600 in legal services, $15,010 in additional engineering fees,
$7,578 in planning consultant fees for the Project Manager, and an estimated
$50,000 for the completion of the Downtown Master Plan.. These expenses have
been specifically included within the calculation of the appropriate portions
of the Downtown Development Supplemental Fees and are eligible for
reimbursement from such fees. A temporary source of funding is needed to pay
these expenses, which can be repaid within a period of approximately one to
two years from the Supplemental Fees.
The Brickell Area Housing Trust Fund was created pursuant to the SPI-5 and
SPI-7 zoning district provisions that provide floor area ratio bonuses to
developers who voluntarily make contributions to the Housing Trust Fund. The
Housing Trust Fund is intended to :support construction of affordable housing
within the SPI-7 zoning district and within one mile of the SPI-5 zoning
district or within Southeast Overtown/Park blest. To date, a total of $248,000
has been collected in the Housing Trust Fund from two individual projects:
1221 Brickell Avenue in the SPI-5 district and Brickell Station Towers in the
SPI-7 district.
Page 1of2
m
10462 76 -%
i
Honorable Mayor and Members
of the City Commission
The Housing Trust Fund monies will not be sufficient to subsidize affordable
housing until a significantly greater sum is collected from developer
contributions. Therefore, a temporary loan can be made from the Housing Trust
Fund to a newly created special revenue fund, to be entitled the "Downtown
Development Supplemental Fee Special.Revenue Fund", without affecting the -long
term use of the Housing Trust Fund. Since the expenditures from the proposed
"Downtown Development Supplemental Fee Special Revenue Fund" will benefit and
promote the development of housing, including affordable housing, within the
same areas for which the Housing Trust Fund was created, such a loan would be
an appropriate temporary use of the Housing Trust Fund.
Page 2-of 2
IL0462
N
TO :
FROM
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM a .
F;�- CEIV
Matty Hirai
City Clerk
Attention: Robert Tingley
S.ep t ty Clerk
E.
.� 1.�
J Maxw 1
s istant City Attorney
JUL26 r',i 2: 7p
DATE : July 25, 1988 �FfLE
SUBJECT : Amendeq,11 is��,UAtion
-'
1-Al
REFERENCES : Agenda Items 76 and 79;
City Commission Meeting
ENCLOSURES: of July 14, 1988
Attached, hereto, are two new original pieces of legislation
which were adopted by the City Commission during its July 14,
1988, meeting.
Agenda Item No. 76 has been revised to incorporate the City
Commission's amendments. The signed new originals are attached,
hereto, and should be substituted in your records in lieu of the
legislation presently in your possession. Robert Tingley was
previously given the revised title, and said title has presumably
been published pursuant to law and needs no further action.
The original to Item No. 79 is attached, hereto, and has
been executed by this Office after review for compliance with
Commission directives. The title to Agenda Item No. 79 was not
changed from that that came before the City Commission.
JEM/db/P605
Attachments
cc: Robert F. Clark, Chief Deputy City Attorney
Sergio Rodriguez, Director, Planning Department
Carlos Garcia, Director, Dept. of Finance
Manohar S. Surana, Director, Management and Budget
Joyce Meyers, Planning Consultant
Ior+b �