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Home My WebLink AboutR-87-0962J-87-990 10/22/87 RESOLUTION NO. 87-962 A RESOLUTION APPROVING A GRANT IN AN AMOUNT NOT TO EXCEED $25,000 TO HOME AND HOUSING OF DADE COUNTY, INC. FOR THE PURPOSE OF PROVIDING FUNDING TO ASSIST THE NOT -FOR - PROFIT COMMUNITY DEVELOPMENT CORPORATION IN THE MARKETING OF AN AFFORDABLE TOWNHOME PROJECT FOR LOW AND MODERATE INCOME FAMILIES IN THE OVERTOWN NEIGHBORHOOD; ALLOCATING FUNDS FROM PROJECT NO. 321024 "AFFORDABLE RENTAL HOUSING PROGRAM; SAID ALLOCATION SUBJECT TO THE AFOREMENTIONED CORPORATION OBTAINING MATCHING FUNDS FROM METROPOLITAN DADE COUNTY; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL AGREEMENTS ON BEHALF OF THE CITY NECESSARY TO EFFECTUATE THE PURPOSE OF THIS RESOLUTION. WHEREAS, on October 22, 1987, representatives of Home and Housing of Dade, Inc. appeared before the City Commission to request funding assistance for the purpose of carrying out an advertising campaign in the marketing of thirty four (34) townhome units which are being developed by the not for profit Community Development Corporation in the Overtown neighborhood; and WHEREAS, on October 22, 1987, the City Commission approved, .t in principle, the awarding of a grant in the amount of $25,000 to the aforementioned corporation for the purpose of undertaking a marketing and sales campaign for the said housing units in the Overtown neighborhood; and WHEREAS, the City Commission conditioned the said allocation subject to Home and Housing of Dade, Inc. obtaining matching funds from Metropolitan Dade County in the amount of $25,000; and WHEREAS, funding is available from the Affordable Rental Housing Program account to provide funding for the aforementioned purpose; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Commission hereby approves,in principle, the awarding of a grant in the amount of $25,000 to Home and Housing of Dade, Inc. for the purpose of and �iq� SSION MEETING OF OCT 22 1987 DN NO._8 r r Y advertising campaign in the marketing of a townhome project affordable to low and moderate income families in the Overtown neighborhood. Section 2. Affordable Rental Housing Program funds in an amount not to exceed twenty-five thousand ($25,000) are hereby allocated to provide said grant to Home and Housing of Dade, Inc. for the above mentioned purpose. Section 3. The herein allocation is conditioned upon Home and Housing of Dade, Inc. obtaining matching funds from Metropolitan Dade County in the amount of $25.000 in addition to approval by the Administration of the not -for -profit community development corporation marketing plan. Section 4. The City Manager is hereby authorized to execute any and all agreements on behalf of the City necessary to effectuate the purpose of this Resolution. PASSED AND ADOPTED this 22nd day of ATTEST• ataol�� MAM HIRAI, CITY CLERK PREPARED AND APPROVED BY: ROBERT F. CLARK CHIEF DEPUTY C;TY ATTORNEY 1 APPROVED AS TO ORkt AND CORRECTNESS: a+�+va�s�yC. waiv CITY ATTORNEY r. October , 1987. 0 c;;?. ri�t�• XAVIER L. UAREZ MAYOR ' Cdd HOME S HOUSING OF DADS. INC. .e� '- OFFICERS Marilynn Koonce. President Johnnie Williams. Jr., treasurer October 5, 1987 I MEMBERS Mr. Cesar Odio , John Bennett City Manager Retha Boone City of Miami Dean Taylor 3500 Pan American Drive Miami, Fla. 331' 114 71C,� �� l+•t Q� d^ 2160 N.W. 79th street HAND DELIVERED Second Floor Miami. Florida 33147 Telephone: (305) 835.0995 Betty D. Walker Ewcutiae Director October 5, 1987 Re: Personal Appearance before The City Commission Dear Mr. Odio: Home & Housing of Dade, Inc. is a not for profit comunity development corporation. which has been developing housing for low/moderate income families throughout Dade County for the past seventeen (17) years. We have recently completed construction of 34 townhomes, which have been approved for Surtax Second Mortgages; making the homes affordable to low/moderate income families. The townhomes are located in the Overtown Community in the City of Miami. I have included copies of our sales brochure for your information. We are experiencing severe marketing problems in the sale of this much needed housing. We have requested S 25.000.00 to fund a marketing canvainn. I have attached a copy of the letter of request sent to Mr. Jerry Geraux, Director of Housing, which details the proposed use of the funds. We have subsequently, met with Mr. Jerry Geraux regarding this matter and he assures us that our request is possible. We would appreciate an opportunity to acquaint the City Commission with our efforts, investments and problems; and solicit their financial in our marketing efforts. We are .11,\�`I... I.M. r..M. 4 .• •t. refore r uest,jci„�,. c: • fourposes outlined" `atiove'. ' Sincerely, Hose b Housing of Dqde, Inc. • v ee ty Walker, Executive Director CC: Mayor Suarez Jerry Geraux rR0 BEDROOM 2 — BATH TYPICAL SIZE — 1093 SQ. FT. t REAR YARD _ � IaAS'TZII: 1�OY ' it•-d Z 101-0 PAT I O LIVING & M (0O i1•-e x xa•-i - a 0 a•x 41.•_i emlon L L DINING BOOM 1 � Zia �CI I 1 . •SUMWK ?. I 1e• x 11• 1 ' In cLo s•s 10• STo. ' C01111 'YARD `Tw0 BEDROOMS%TW0.:B� THS' ' . '.5 3 `5'0 . , TYPICAL FINANCING: = DOWN PAYMENT 2 , 675', 00 FIRST MORTGAGE *SECOND MORTGAGE.'-.$` 25;y060 Ob _ ONT�iL Y AYMRNTS-; • . - P I FIRST MORTGAGE *SECOND MTG. (MIN.)RMT:),.$ '25.00 TAXES j': " :55.27 ''• INSURANCTs• A. , ... - s S • FLOOD/ •OTHER �-:' 'a 19.00' T0T1I. PITI ►355.00 f A QUALITY EOb[E-MODESTLY PRICED"I COMPARE THESE �FEATURES Two Bedrooms Pawed Driveway-; Two Full Size Baths' Exterior Llahting ' Central Al r ac Heat " Fenced Yard - Wall to Wall Carpet Ceramic Tito Baths Range k Hood Mica Tanitiea.=Cab: FLOOR PLAN Rerrijerator st Counter Tops Smoke Detectors Marble Windot SilLe _Fully- Sodded Lawn C.B.S. Constraatios saw m m ss-uz s M. pas. It =ff SKAW- gets RAT MMOR n sus 01 101 3REE BEDROOM / 2 BATH TYPICAL SIZE - 1173 SQ. FT. REAR YARD aSTER BR 12' X. 14'77 ' XITCMM .ri--�-- DININGROOK FLOOR PLAN FOP. INFORMATION CONTACT: HOME & HOUSING OF DADE, INC,. PHONE: 835--0995 THREE BEDROOMS/TWO rH-,.. •` 4 00 TYPICAL FINANCING: DOWN PAYMENT $ 2,745.00 FIRST MORTGAGE $ 27,156.00 * SECOND MORTGAGE $ 25,000.00 54,900.00 MONTHLY -PAYMENTS: P do I F IRS.T . MORTGAGE $ 248.92 *SECOND MTG:(MIN.PMT.) $ 25.00 TAXES 57.08 INSURANCE. $ 20.00 FLOOD OTHER. $ 20.00 O*TOTAL'PITI $ 371.00 BATH�c_ A QUALITY HOME -MODESTLY PRICED 11 COMPARE THESE FEATURES:.... Two Bedrooms Faved Driveway Two Full 91ze..Baths Extertor.Llghting Central Air b Beat Fenced Yard Wall to #tall Carpet Ceraaie Tile Baths Range Road Iiiea Vaultles. Cabs Refrigerator k Counter Tops Smoke Detectors Marble Window Si113 Bully Sodded Lawn C.B.S. Constructfoa + DADE COUNTY SURTAX SECOND YP4. (MIN.,PAYMENT $E5/M0.) •• (ESTIMATE B=D ON PRLYAILING RATES do TERMS HOME & HOUSING OF DADE, INC. Aug. 3. 1987 2160 N.W. 79th Street Second Floor OFFICERS Miami, Florida 33147 Telephone: (305) 835-0995 e. Betty D. Walker Marilynn Koonc Ewcutire Director Johnnie Williams. Jr Treasurer Mr. Gerald G-srraux, Director MEMBERS City of Miami- Housing 300 Biscayne Blvd. Way John Bennett Suite 300 Retha Boone Miami, Fla. 33131 Darryl Sharpton RE: Marketing Budget for Overtown Villas 1, 11 & III Dear Mr. Ger raux : Dean Taylor As you are aware, we are presently completing construction of 34 units of townhouses in the Overtown Community. As you will recall from our previous discussions we are having problems marketing these units and we are requesting your assistance in identifying �. funds in the amount of $25,000.00 to establish a marketing program for the sales %f tne'units. The 'following is an estimate of cast for the various components of the marketing strategy; .% Project Media Cost Phase I Phase II Phase III Three Newspapers 2,400.00 2,400.00 2,400.00 weekly for Four months Radio Spots (WEDR) 1.600.00 1,600.00 1,600.00 Model Furnishings 6,000.00 3,000.CIC, 11000.00- 1 - Two Bedroom & 1 - Three Bedroom model Additional Brochures 1.000.00 11.000.+)C.,�c, 1.000.00 & Flyers TOTALS 11,000.00 B . 000.0C) 6 ; 000.00 3 '25 , 000 2-1 87- 962 .. i a 1W 4104 i Your hel* and assistance in _ pezditinz this matter is greatly appreciated. Sincerely. Ae & Housing of D de, Inc. wa er , Executive Director CC: Jeff Hepburn, Housing .Jeff Watson, Mayors Office Miller Dawkins, Commissioner E �J