HomeMy WebLinkAboutR-86-0611J-86-647
RESOLUTION NO. 86-`611�
A RESOLUTION AUTHORIZING THE CITY MANAGER
UPON APPROVAL TO ACCEPT A $615,000 URBAN
DEVELOPMENT ACTION GRANT FROM THE U.S.
DEPARTMENT OF HOUSING AND URBAN DEVELOP-
MENT (HUD) FOR THE ACQUISITION,
SUBSTANTIAL REHABILITATION AND CONVERSION
OF THE 21-STORY CONGRESS BUILDING INTO AN
OFFICE AND COMMERCIAL BUILDING AND
NEGOTIATE THE NECESSARY IMPLEMENTING
CONTRACTS AND AGREEMENTS WITH THE U.S.
DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT AND SAMUEL AND ASSOCIATES
(DEVELOPERS).
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
SECTION 1. The City Manager is hereby authorized to accept
a $615,000 Urban Development Action Grant for the Congress
Building upon approval by the U.S. Department of Housing and
Urban Development (HUD).
SECTION 2. The City Manager, as Chief Administrative Officer
for the City of Miami, upon approval of the above Grant by HUD is
hereby authorized to negotiate the necessary contracts and
agreements with the U.S. Department of Housing and Urban
Development and Samuel and Associates (Developers) for
implementation of the Congress Building Urban Development Action
Grant project.
PASSED AND ADOPTED this2Ath day of ULY 1986.
GL L
XAVIER L. S EZ, MAYOR
ATTEST:
: MAT3Y HIRAI, CVTY CLERK
PREPARED AND APPROVED BY:
— ROBERT F. CLARK
CHIEF DEPUTY CITY ATTORNEY
APPROVED AV TO FORM AND CORRECTNESS:
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CITY dtOKCSSION
MEETING OF
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CITY OF MIAMI. FLORIDA
INTEROFFICE MEMORANDUM
To: Honorable Mayor and Members
of the City Commission
FROM: Cesar H. odio
City Manager AO
DATE: July 18, 1986 FILE:
SUBJECT: Negotiation of Congress
Building UDAG Award
REFERENCESCj'ty Commission Agenda
July 24, 1986
ENCLOSURES:
It is recommended that the City
Commission approve the attached
Resolution authorizing the City
Manager to accept, upon approval, a
$615,000 Urban Development Action
Grant from the U.S. Department of
Housing and Urban Development, and
further authorizing the City Manager
to negotiate the necessary imple-
menting contracts and agreements.
f
A little more than one (1) year has elapsed since the City first
received preliminary approval for the Congress Building UDAG
19,
project. Approval was granted to us by letter dated June .
1985 from the U.S. Department of Housing and Urban Development.
The major factor contributing to the delay of this project was
the pullout or withdrawal of the initial developer group,
Congress Building Partners, Limited from the project. The group
withdrew because of the collapse of the Industrial Development
Bond Market which made the project less attractive to them. At
the time this happened the owner of the Congress Building, Mr.
Alfred Weinberg still expressed a desire to continue with the
project even though the developers had backed -out.
After several months of no communication between Mr. Weinberg and
the City he finally called and set up a meeting with City staff
where he informed us that the was ready to move ahead with the
project and that a new development group is now interested in the
project. Mr. Weinberg has created a cooperation named Samuel and
Associates which will be negotiating with HUD and the City to
restore the $615,000 in UDAG funds for development of the
project. Total development costs, including the UDAG, are
estimated at $9,746,000.
The sooner negotiations are initiated the sooner project
development agreements and contract can be executed and
preparations made to get construction underway.
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86-6111