HomeMy WebLinkAboutM-85-0490\
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� c .Y OF ¥I■¥u FrL oR,oA
INTER -OFFICE MEMORANDUM
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-, Mr. Sergio Peraira _� lGr�] 35, ;g£5 m�&
C! tv Manager
au&E. :G 2lSA I @ R MAY 2, ]98
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City CCrmisslaner
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? ease include the lttached as an agenca !%eq of ■ "By iM5 20:pls3ion
zeetln§ For dlS:Qss'cn.
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85-490
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NA3HING 0N, D.C. X036
TELcP!-rO,+E; 165-?270
COMh1. !BILLER DAWKINS
CITY OF MIAMI
AD1il 23, _935,
Mr. ser^io Pereria
C„4 v vana-e
post Office sox 3110709
N-J ami, Ficrida 33:.3:
:ear :+Ir- Pere=ia:
:n 1976, the City Commission developed the Affordable
Housing Prcgram for the City of Miami to actress the
increasing remand of its resources for affordable housing.
To achieve this commendable goal, t:e City Commission
passed a S20 Million Housing Hord Issue. A portion of
these funds was dedicated to housing. Sites for this
:lousing were identified and _he City proceeded to ,ccraire
,ftis lard under its "quick take" eminent domair.
autnoriZation.
The City issued requests for proposals to potential
evelcpers Z.^.at included -he C4 z*, rr-*1!ng, among other
thing_, the earmarked bond funds and t e sites _o_ the
cevelopment in an unencumbered manner.
After a very long competitive and rigorous bidding and
selection process the City chose two developers to provide
the 1,000 units of housing. CIRCA, Ltd., Inc. was
selectea to develop the Highland Park site. As a part of
its 6inancial package, the Depart:nert of Community
Development suggested that CI:Ca partially finance its
protect utilizing Housing Opportunity Development Action
AG) funds totalling $1.2 Million. Rased on the
Giant (HOD
City's responsibility to provide the developers with
unencumbered sites, CIRCA surmitted a HODAG application to
the=ederal government, which was denied because the City
had not acquired the site.
As ycu are probably aware, the
considering the elimination of
result, CIRCA may have lost the
President is seriously
the HODAG Program. As a
opportunity to obtain the
85-490
a;.
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X.r. Sergio Pereria
Manager
A i am I Pace of 2
=c-AG funds -*,--cause 04 -he C- I's J. nabJ 14 ty to ac-, 4re the
. . la .6. A. - i. - J. '.6 - _.: - lu-. - -
site in a timely fashion. Further, due to inflation, an-io
deiay in proceeding with the construction o: this project
will inc -ease the cost of the -reject. We are anxious to
=roceed with tftis Pro�7ec__., Zut the Icss cf HODAG
tl^t4mg zost r =-nstructon
4
==ding coup Ied w JA. "% I IL A-
- -sca:a
Will have a signifi-cant af!ect cn t'.-6 e f in a.-. c _4 a 1
feasibilit7 Of this project. Vaerefore, it is requested
that the City, at its next Commission Meeting, proceed
with discussions relating to the acquisition of the
Hizhiand Park Site through the "auick-take" process and
negotiatians as sccn as possible.
hank you for ycur assistance.
Si.".cere!7,
3 Wilson
4 Isc ? *esi'dent
Honorable Mayor and Hem.bers of
1.,.e City C--mmission
85-490