HomeMy WebLinkAboutR-84-0921J-84-750
FLORIDA:
RESOLUTION NO. 84-921
A RESOLUTION APPROVING, IN PRINCIPLE, THE
APPLICATION OF Till' F0lJ,()fK.i NG DEVCI,OPER FOR
SUBMISSION RY 'i:HI: C: i.T`r' OF MIA'11 TO THE
U,S. ,101J1--,TN r AND 11111MAN
DEVEL.f?PtIENT 1.OR A 11011;�-1.iJta I)I�t11_:1,Oh��I':�ZT
GRANT- CI:RC:A I_,TD/T1.31'; ORGt1NI"Z.ATION
FOR 11H.: i:;i1i .)TIIUCTION OF A 111 RENTAL. UNIT
HOUSING PROJECT UNDER THE CITY'S
AFFORDABI,E RENTAL, HOUSING DEVELOPMENT
PROGRAM.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
Section 1. The application of the following developer
for submission by the City of Miami to the U.S. Department of
Housing and Urban Development for a Housing Development:. Grant:
Circa LTD/The Barnes Organization, for the construction of a 111
unit rental housing project under the City's Affordable Rental
Housing Development
Program
is hereby
approved
in principle.
PASSED AND
ADOPTED
this 31
day of_
Jul ,1984.
ATTEST:
Q
R 1ph V. Ongie, City Clerk
PREPARED AND APPROVED BY:
Deputy City Attorney
APPROVED AS TO FORM AND CORRECTNESS:
t
k4se R. Garcia -Pedrosa, City Attorney
4
1
Maurice A. Ferre
Maurice A. Ferre, Mayor
CITY COMMISSION
MEETING OF
JUL 31 1984
f� r
RESUL"Utl ii, iw, ` —92
k[n�iH.iin;.
CITY OF MIAMI. FLORIDA
INTER -OFFICE MEMORANDUM
TO. DATE- FILE
Howard V. Gary July 25, 1984
City Manager SUBJECT
- Circa LTD/The Karnes
Organization 110DAG
i2
FROM Dena Spillman, Director REFERENCES City Commiz�Sion
Department of Community Development Agenda July 30, 1984
a
ENCLOSURES:
w
It is recommended that the City
Commission approve in principle
the attached resolution authorizing
the submission by the City of
Miami of an application to the
U.S. Department of liousi.ng and
Urban Development for, a Housing
Development. Grant: for Circa Ltd./
The Barnes Orraniz.ation, for construction
of a ill t�ni.t: rcnt:al. hour-,ir,g project
under the Ci.t.yl., Rental
liousinz; Duvc— op-mc It
In June 1984, the Ut arising and Urban
Development announced t: i��� =�� fund i nr; through the
new Housing Deve:i��, roc �1i. �o cri_;�� t.;� support the
construction or u1 : t c 1t ;: r,+: 1), l)i. t i c)n of reu i.dent;ial
rental, cooperint.i vc r `.t),;�. at least twenty
percent (20R) of t.-h(- uiiJ' i,. Sri 1.7 t>c 0cc1)1)i ed l)y loner income
families.
7M
The Hots::>i. nE t (,runt Prom rrn (HODAG) is designed
to help i c of" decent, rental_ housing
or to meet, hnt! inF� ned �'}�ich cannot be met or
advanced thr,01)( )1 rnodcr<tc
The amp ou,nt of r.r :;nt .: i_s�tr:;)cc for- a project may not
exceed fi.ftperccnt t`_;0�,) of the total costs associated with
rehabil.i.tntion or con::truction of the project, exclusive of
land and "soft cost,:)."
The dcadlline for the submission of applications to U.S.
-- H.U.D. published in t1he. June 20, 19814 Federal Register is
August 14 1984. Due. to H.U.D./S application timing
requirer.,e:nt,:., application deadline was July 20, 1984.
.Chaff has ?c C t7 t'IOt.li"aE`Ci by the developer _0 tIie- r' interest In
putting together ' !is>usinC Dc ve 1 of :,ient Grr� it for submission to
U.S. H.U.D. for thv c:on:structiou of �, r�entr:l apartrrient complex
containing 111 units on the High land Park site near the
n----4.
-
'
Overtown neighborhood. The developers, who were selected to
develop the project through the Affordable Rental Housing
Program, ere pppIyinF fnr RDD8G assistance in order to reduce
projected unit. r-ntn'
Apprnrirn��cly �2.� �ilIinn 10 D0D8� �undn �ro being
requcotsd Lo l,r nn-d n� z loan [rom the Cit� in tbis pro'eot.
The tot-3I Mevrloilment cnr� io opproximateIy ',5.6 million. The
application must be nnbmittnd to U.U.D- by lUr 1984,
i
City Commission approval of this item is recommended.