The URL can be used to link to this page

Home My WebLink AboutO-10204ORDINANCE N04 4 020 4 AN ORDINANCE APRROPRIATINC FEDERAL URBAN DEVELOPMENT ACTION GRANT FUNDS. (UDAG)'FOR USE AS A SUBORDINATE 1.0AN TO CRUZ' DEVELOPMENT COMPANY AS PARTIAL. FINANCING FOR THE CONSTRUCTION OF A 415-UNI? RENTAL HOUSING, APARTMENT COMPLEX ON PARCEL 24 OF THE PHASE I REDEVELOPMENT, AREA. OF THE SOUTHEAST OVERTOWN/PARK WEST REDEVELOPMENT PROJECT. WHEREAS, the Ci ty Commission authori zed, by Resol uti on No. 85-752 on July 18, 1985,.the submission of. an "application for an Urban Development Action Grant (kJDAG) to the United States Department .of Housing and Urban nt2veiopment (HUD) to provide subordinate financing for a rental housing project to be built by Cruz Development Company on Parcel 24 of the Phase I. Redevelopment Area of the Southeast Overtown/Park West Community Redevelopment Project; and WHEREAS, a Preliminary UDAG Grant Award in the amount of 55,643,000 for said.application ,was announced by HUD on July 3, 1986; and WHEREAS, a Grant Agreement has been prepared by HUD far execution by the City as Recipient; NOW, THEREFORE, BE IT ORDAINED OF THE COMMISSION OF THE CITY OF MIAMI,.FLORIDA: Section 1., An Urban Development Action Grant in the: amount -of $5,643,000, approved by the. United- States Department of Housing and Urban Development as Grunt No.,B-86-AA-12-0084, is hereby -appropriated for use as a subordinate loan. to Cruz Development Company for the construction of a 415-unit rental apartment housing complex on Parcel 24 of the Phase I Redevelopment Area of the Southeast Overtown/Park West Redevelopment Project as provided for by the"terms and conditions of the Grant Agreement for said Grant. READING 1 TITLEONLYY thif_ _. _ . day of, PASSED ON FIRST 3 G !; 1986. PASSED AND ADOPTED ON SECOND AND FINAL R8ADING BY TITLE ONLY ,, ��tis ;f 1.1 clay � r:i.i.1•l:..' f - XAVI ER 1,. SUAR,E�z , MA'140R ATTEST? t>L. MATTY HZRAI t= CITY. CLERK PREPARED AND APPROVED BY: ROBERT F. CLARK CHIEF DEPUTY CITY ATTORNEY APPROVEb'AS TO'FORM,AND CORRECTNESS:- F L'UCI A . DOUGHERTY' CITY ATTORNEY = 1, �latt3 Hirai, (.l -rk of tit;/( t� of Fic►ricl;t, Here y cert4v k!l it oll 19J 1 full, tut;1 � iind cd}trtwt c't}E� ` }f the ah vc p(}it•,1 }It t le Muth I)t>c}} (If lilt- I)ut,ir ( Ittslt� (njurt Ilvt}N�' at 111v pla ve prox-ida.,tl fd�► ne,ti�'is :i.ntl 1t�' attac)ling said copy ,to ille �'}Ia. t' tl,< 1i'J 1 'l`} }nti' hatitl ic. ulfi�itil st aal of t;.�icl �, �✓ �or 1NtP_14-0Ff=1ce MtMdRA"40uM 44, �r Honorabl e Mayor and Members '-F DEC of the City CoMmission UDAG (II) Grant Agreement _ Southeast.Overtown/Park West Cesar H, Odi o /rJ December I I , 1986 Commi ssi on Ci ty Manager ;,� ,r��Agenda RECOMMENDATION: It is respectfully recommended that the. City Commission adopt the attached Ordinance and Resolution, appropriating the sum 0f $5,643,000, and authorizing the City Manager to execute.on,behal,f of the City a Grant Agreement,.in a form acceptable to the. 'City Attorney, with the United States Department of Housing (HUD) for an Urban. Development Action Grant'(UDAG), which will provide5,643,000 _ to the City of Miami to be used as a subordinate loan to Cruz : Development Company for the construction of a 415-unit rental apartment complex on Parcel 24 of the Phase.1: Redevelopment Area. of the Southeast Overtown/Park West; Community Redevelopment Project, and authorizing the City Manager to accept the UDAG and execut:e a loan agreement with Cruz Development Company based on. the terms of the Grant Agreement` between the City and HUD. BACKGROUND: The Department of Development, in consultation with the Law Department and the Community, Development Department, has analyzed the Grant ,Agreement prepared by HUD, a draft copy of which is attached, and recommends execution of, this agreement in a form = acceptable to the City Attorney,. Execution of the UDAG(II) Grant Agreement between the City and HUD, acceptance' of the UDAG from HUD, and execution of, an agreement to 1oan'the UDAG funds to. Cruz Construction Company in ,accordance with the Grant Agreement are all necessary steps to'a.11ow construction to — commence on Parcel 24 of the Phase I Redevelopment Area of the Southeast Overtown/Park West Community Redevelopment Project in - accordance with the Development Agreement, is scheduled for - Commission,authorization at a later date.' - �tfi i Honorable Mayor and Members of the City Commission Page 2 fT6;2i2i+,Nj,.n�V,'�2•.�i1'EY'n. mr,{^Ut:�'y �?iWi: t•� • �•. -�••:•: . 4S INTER -OFFICE MEMORANDUM - r•�. DEC 51Q° Honorable Mayor and Members of the City Commission -- - UDAG, (I) Grant Agreement Southeast Overtown/Park West Cesar H. 0 d i o f `r,�� Il, December 11 , 1986 Commission City Manager' ? _.Agenda RECOMMENDATION: It is respectfully recommended that the City Commission adopt the attached Ordinance. and Resolution, appropriating the sum of $4,500,,000, and authorizing the City Manager to execute on behalf of the City a. Grant Agreement, in a form acceptable to' the City Attorney, with the'United States Department of'Housing (HUD) for an Urban Development.Action Grant (UDAG), which will provide $4,500,000 _ to the City of Miami to be used as a subordinate loan to Can - American Realty Corporation for the construction of a, 350-uni,t rental apartment complex. on Parcel 37, of the Phdse I Redevelopment Area of the Southeast Overtown/Park West 'Community Redevelopment Project, and authorizing the. City Manager to'accept the UDAG' and execute a loan agreement with Can -American Re alty`Corporation based on .the terms of the Grant. Agreement,.betwe.en the City and'•HUD- BACKGROUND: The Department of Development, in consultation with the Law ` Department and the Community Development Department, has analyzed the Grant 'Agreement prepared by HUD, a draft copy of which 'is attached, and recommends execution of this agreement in a form. acceptable to the City Attorney. Execution of the UDAG(I) Grant Agreement between, the City and HUD, acceptance of the UDAG from HUD, and execution of an agreement to loan the UDAG funds to Can -American Realty Corporation in accordance with the Grant Agreement are a1' necessary steps to allow construction to commence on Parcel 37 of th,e Phase I Redevelopment, Area of the Southeast Overtown/Park West .Community Redevelopment Project in accordance with the, Development Agreement for Parcel 37, which the'Commission authorized on November, 25, 08 0ROINANC7E N0. 10202 AN f�l�E?INAtJ(:L. G5"iAfiLt titt,l(� A NEVJ �i E'C IAI. �?EVFNIJ _— FUND ENTITLED 'HANDK,'APPFi) DIVISION FUND, RAISING PROGRAM. " APPROPRIAtING FUNDS rOP ITS ±7PEOATION r_ IN THE AMOUNT OF $15000 T7,0 F)OSFD (0 MONIES GEN� ERAFED THROUGH FUND F AISIFJG EFF ( R= Or THE CI', OF MIAMI•S HANDICAPPED DIVISVI AND PRIVATE E1ONA t1ONS: CONTAINING A REPEALER PIROVIS310N fsf,1DSFVE-P ABILITY CLAUSE. " ORDINANCE, NO. 10203 AN ORDINANCEAMENDING SECTION 1 OF ORDINANCE, NO. 10096. BY CHANGING THE N.Qh1E OF. THE: L — REVENUE FUND ENTITLED: --PRE,5CH0()L. PROGRAM' TO PRE SCHOOL"PROGRAMICONSOLIUATE?t)' AND 030110 PRIATING ADDITIONAL FUNDS FOR 'THE OPEPA110N OF' ' . -` SAME IN THE AMOUNT OF $58,233 COMPOSED OF PRO GRAM PARTICIPATION FEES.. DESIGNATED r'OG�1:+ hf tl.tittJn,^.! A6C T!T^. h`!h R',t Ap-le'r _ '4R 114 &1 r,if. c.i,;r"rlI 'r'{_+it"t i'i%{ ;I.i +i F:.',,t.ris"t's; j'1.'4 �f V4A!ri A r?r PIFAL f'+; .. ITY ORDINANCE NO. IW04 , r AN ORDINANCE APPROPRIATING FEDERAL URBAN - DEVELOPMENT ACTION GRANT FUNDS (UDAGI FOR USE - ' AS A SUBORDINATE LOAN TO'CRUZ DEVELOPMENT COM — PANY AS PARTIAL FINANCING FOR•THE CONSTRUCTION OF ,A 4157UNIT RENTAL HOUSING APARTMENT COMPLEX ON PARCEL 24 OF, THE PHASE I;REDEVELOPMENT-AREA 1x ? - OF:THE SOUTHEAST OVERTOWNIPARK WEST REDEVEL- OPMENT PROJECT: ORDINANC E N0. 10205 _ AN ORDINANCE APPROPRIATING FEDERAL URBAN _ DEVELOPMENT ACTION GRANT FUNDS (UDAG)_FOR USE AS A'SUBORDINATELOAN TO CAN-AMERICAN REALTY CORPORATION AS, PARTIAL FINANCING" FOR THE CON STRUCTION OF A 350•UNIT RENTAL HOUSING APARTMENT COMPLEX OWPARCEL 37 OF THE PHASE.1 REDEVELOP- MENT AREA OF THE SOUTHEAST OVERTOWNIPARK WEST REDEVELOPMENT PROJECT, ORDINANCE NO. 10206 " AN ORDINANCE ESTABLISHING' A FIVE-YEAR FUNDING PROGRAM; USING $200,000 FROM SPECIAL PROGRAMS AND ACCOUNTS, CONTINGENT FUND, FOR THE PURPOSE OF FUNDING EIGHT,(8)COMMUNITY CULTURAL EVENTS,- - . FURTHER PROVIDING THAT, USING THE FIRST 'YEAR'S FUNDING AMOUNTS AS A BASE, FUNDING FOR EACH EVEN FOR EACH SUCCEEDING YEAR SHALL BE DECREASED BY AT LEAST',20% FROM THE BASE' YEAR'S ALLOCATION FOR A MAXIMUM FUNDING PERIOD OF FIVE YEARS; FURTHER:, . . CONTAINING A REPEALER PROVISION AND A SEVERABIL-,_ ITY CLAUSE. ORDINANCE NO. 10207 AN EMERGENCY. ORDINANCE AMENDING SECTION 1 OF ORDINANCE NO. 10187, ADOPTED DECEMBER 11, 1986, THE CAPITAL IMPROVEMENT APPROPRIATIONS ORD1- NANCE, BY ESTABLISHING A NEW CAPITAL IMPROVEMENT _ - PROJECT ENTITLED:"MIAMARINA RENOVATION PROJECT" AND APPROPRIATING FUNDS FOR ITS OPERATION IN AN AMOUNT NOT TO EXCEED $1,500;000 FROM MARINA REV- ENUE" BOND FUNDS; CONTAINING- A' REPEALER PROVIr,- SION AND_A SEVERABILITY CLAUSE: ORDINANCE NO. 10208 AN EMERGENCY ORDINANCE AMENDING SECTIONS 4 AND 6 OF ORDINANCE NO, 10150 ADOPTED SEPTEMBER 25, 1986, THE ANNUAL APPROPRIATIONS ORDINANCE FOR THE FISCAL YEAR ENDING SEPTEMBER 30,,1987. BY INCREASING, THE,APPROPRIATIONS IN THE INTERNAL SERVICE FUND IN THE AMOUNT OF $1,645,352, HEAVY EQUIPMENT MAINTENANCE'. DIVISION, INCREASING REV ENUES IN A LIKE AMOUNT FROM THE PROCEEDS OF'.THE SALE OF, CERTIFICATE OF PARTICIPATION NOTES TO BE APPROPRIATED INTO THE MOTOR POOL MAINTENANCE _ DIVISION TO FUND THE PURCHASE OF 387 AUTOMOBILES- - LIGHT TRUCKS. MOTORCYCLES, AND RELATED ACCESS& RIES; CONTAINING A REPEALER PROVISION AND P SEVER. ABILITY CLAUSE, . Said otdinance(s) may be"inspected by the public at the Office ai the City Clerk, 3500 Pan: American Drive, Miami, Florida, Monday through Friday, excluding holidays, between the hours Of 8:00 A.M and 5:00 P M. .' . MATTY HIRAI CITY CLERK CITY O,F MIAMI, FLORIDA i#41231 1116 87 011601 M toft 114 MIAMI R V��1J1J Published Daily except Saturday, Sunday and Legal Holidays Miami, Dade County, Florida. STATE OFFLOAIDA CITY,OF WAMI. COUNTY of bAOE bbDE C,OtjNTYy FLORIDA - before the undersfgnod,authority 'personally appeared Sookie Williams, who on oath says. that she is the Vice NO-rICE OF PROPOSED ORDINANCE President of Legal Advertising of the Miami Review, a daily (except, Saturday, Sunday and Legal Holidays) newspaper, Notice is hereby given that the City Commission �f the City d published at Miami In Dade County, Florida. that the attached Miami, Florida, will consider the following ordinance(s) on second copy of advertisement, being a Legal Advertisement of Notice and final Leading on January' 8, 1987, commencing al.9:00 A,M: in the In the matter of City Commission Chambers, 3500 Pan American Drive, Miami. Florida: ORDINANCE, NO, CITY OF '1II&tz NOTICE —OF P?tOPOSF.n ORDINANCE ORDINANCE APPROPRIATiNG.FEDERAL.URBAN ' DEVELOPMENT ACTION GRANT FUNDS (UDAG),.FOR USE P.O. if` 4115 AS A SUBORbINATE LOAN TO CRUZ DEVELOPMENT COM! PANY: AS PARTIAL FINANCING FOR THE CONSTRUCTION', OF A 415•UNIT RENTAL HOUSING APARTMENT COMPLEX In the ..:...... �'},�................ ON PARCEL 24 OF,THE PHASE I REDEVELOPMENT AREA Court, was published in said newspaper in the issues of OF, THE SOUTHEAST, OVERTOWNIPARK WEST REDEVEL p OPMENT PROJECT: Dec . 22,1986 ORDINANCE NO. AN ORDINANCE APPROPRIATING FEDERAL URBAN DEVELOPMENT- ACTION, GRANT FUNDS (UDAG),'FOR: USE Alflant further says that the said !Alarm Review is a AS A SUBORDINATE LOAN TO CAN•AMERICAN ,REALTY G FOR THE"CON• newspaper' published at Miami in said Dade County, Florida, CORPORATION AS PARTIAL FINANCIN ano that the -said newspaper has heretofore been continuousiy STRUCTION OF A 350 UNIT RENTAL HOUSING APARTMENT - _ publlshed in said Dade ,County, Florida, each day !except COMPLEX ON. PARCEL 37.0E THE PHASE 1, REDEVELOP- Saturosy, Sunday and, Legal Holidays► and has been entered as second class mail matter aC the post office in Miami in said MENT„AREA OFTHE SOUTHEAST OVERTOWNIPARK.WEST Dade C ty, Florida. for a period of one year next preceding REDEVELOPMENT PROJECT. the if pu lication of the attached copy of advertisement: and affi t tun or says that she has neither paid nor promised 'any may be inspected b the public at, the; per n., f or corporation any discount, rebate, commission Saidproposedordinances) y P. Y ar, efu for the purpose of securing this advertisement for, Office of the.CityClerk, 3500 Pan American Drive; Miami', Florida. pu Ic on. in the Aid new between the. hours of Monday through Friday, excluding holidays,, ��{�' 8:o0 A.M, and 5:00 P.M:. • . • • . • . Alt Ir interested persons may appear at the meeting and be heard with respect to the proposed ordinance(si. S m to .and su cri dill re me this N _ Should any person desire to appeal any decision of the City,Com 22 o G z.. r 19.. 8 6 . mission with respect to any matter to be considered at this meeting, that person stiali'ensure that a verbatim record of the proceedings is made _.including -all testimony and evidence upon which any appeal r bavre may be based `1! of MATTY HIRAI ta�/A 111u_Na lorida 1 large G 1ln(�I vV1v1 , CITY CLERK (SEAL) CITY OF MIAMI, FLORIDA My Commission expires July 9, 1990. ca lu4115) Miami Logo ��o£�o.Fto�?' . 86.122252M 12122 Mid 11, 9