HomeMy WebLinkAboutO-09865J--84-751 Amendment No. 40 to Ordinance No. 9534
ORDINANCE NO.(,) f3 rk
AN EMERGENCY ORDINANCE AMENDING SECTION 1
OF ORDINANCE NO. 9534, ADOPTED DECEMBER
91 19829 THE EXISTING CAPITAL IMPROVEMENT
APPROPRIATIONS ORDINANCE, AS AMENDED, BY
ESTABLISHING A NEW CAPITAL IMPROVEMENT
FUND ENTITLED: "AIRPORT SEVEN OFFICE
BUILDING (UDAG)I" AND APPROPRIATING
FEDERAL FUNDS FOR ITS OPERATION IN THE
AMOUNT OF $11407006; CONTAINING A
REPEALER PROVISION AND A SEVERABILITY
CLAUSE.
a -
WHEREAS, the City Commission adopted Ordinance No. 9534 Ifn
N x
December 9, 1982, establishing resources and appropriations fdp
ro c
the implementation of Capital Improvements in the City of Miam,
o �►
and
WHEREAS, on January 19, 1984, the City Commission adopted
a
Resolution No. 84-29 approving in principle the application of
the Airport 5040, Limited Partnership, as the developer for
construction of a nine -story commercial and office building with
the support of an Urban Development Action Grant (UDAG); and
i
WHEREAS, on January 31, 1984, the City of Miami submitted an
application to the United States Department of Housing and Urban
? Development requesting UDAG funding to support the aforementioned
j project; and
WHEREAS, the purpose of urban development action grants is to
assist distressed cities and urban counties which require
increased public and private investment in order to strengthen
their economic, employment, and tax base; and
WHEREAS, the United States Department of Housing and Urban
Development has awarded the City of Miami a $1,407,306 Urban
Development Action Grant to cover part of the estimated $9.2
million cost to construct the nine story office building; and
WHEREAS, the project site is located on the South side of N.
W. 7th Street approximately 370 feet East of N. W. 51st Avenue;
and
WHEREAS, the City of Miami shall loan the project developer a
sum not to exceed $1,407,306 in conformance with the contract
between the City of Miami and the United States Department of
Housing and Urban Development and the loan agreement between the
City of Miami and Airport 5040, Limited Partnership; and
WHEREAS, the project developer must spend $1.5 million in
private funds before receiving any loans from the UDAG funds; and
WHEREAS, after the $1.5 million expenditure, the project
developer shall be eligible to receive UDAG funds in the form of
a loan in the ratio of $1 in UDAG funds to $4 in private funds;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMISSION OF THE CITY
OF MIAMI,FLORIDA:
"Section 1. Section 1 of Ordinance No. 9534, adopted
December 90 1984, is hereby further amended in the following
particulars: 1/
-, "Section 1. The following appropriations
hereby made by fund and project title include
previously authorized projects and fund
- appropriations for implementation of all
municipal capital improvements of the City of
Miami, Florida. The sources of revenues to
(; support the herein appropriations are hereby
identified by fund and project:
Appropriation
(in thousands of $)
tl
-i'
{i
IX. CAPITAL IMPROVEMENT FUND
l A. RESOURCES:
-fi
From U.S. Department of Housin and
Urban Development: Urban Development
Action Grant $1,407.3
TOTAL RESOURCES $67 629 9 $64,037.2
-i
i
—� C. NEW PROJECTS:
'1
i
(ii) Projects Funded With Single
i
Sources of Revenue:
=i
10. Airport Seven Office
Milding (UDAG) $1,407.3
(a) $1,407.3 - U. S.
Department of ousing
and Urban Development:
—� Urban o men Action
Grants
TOTAL APPROPRIATED $62 629 9 $64,037.2"
i
1/ Words and/or figures stricken through shall be deleted.
Underscored words and/or figures constitute the amend-
ment proposed. The remaining provisions are now in effect
and remain unchanged. Asterisks indicate omitted and
unchanged material. All figues are rounded to the next r
hundred dollars.
Section 2. All ordinances or parts of ordinances insofar as they
are inconsistent or in conflict with the provisions of this ordinance
are hereby repealed.
Section 3. If any section, part of section, paragraph, clause,
phrase, or word of this ordinance is declared invalid, the remaining
provisions of this ordinance shall not be affected.
Section 4. This ordinance is hereby declared to be an emergency
measure on the grounds of urgent public need for the preservation of
peace, health, safety, and property of the City of Miami and upon the
further grounds of the necessity to make the required and necessary
payments to its employees and officers, payment of its debts,
necessary and required purchases of goods and supplies, and to
generally carry on the functions and duties of municipal affairs.
Section 5. The requirement of reading this ordinance on two
separate days is hereby dispensed with by a vote of not less than
four -fifths of the members of the Commission.
PASSED AND ADOPTED this 31Dth,day of July , 1984.
PLANNING REVIEW:
•
�RODRIGUEZO DIRECTOR
PLANNING DEPARTMENT
BUDGETARY REVIEW:
Maurice A. Ferre
MAURICE A. FERRE
M A Y 0 R
I, Ralph G. Ongie, Clerk of the City of Miami, 1=lorift.
hereby certify that on the../3........ a of....a4
A. D. 19...... a full, tree and correct copy of the abo c
n nd for,: -going ordinance was posi._d at the South 1?: ul-
of th-_ llac e County Couri House at the p!^cc prov,d•:c
for notices and potrue: iions by attaching said ccp3, 11,
the. place ,provided therefor.
WITNESS my hand anLt.11C ofticial seal of sat
City this..43. — of...,....
City Clete _
DEPARTMENT OF MAMMENT AND BUDGET
FINANCE REVIEW:
�iZ►ig
GARCIA, DIRECTOR
DEPARtAENT OF FINANCE
GRANT REVIEW:
A',?
,rJOHN R. BXLDWIN
GRANTS ADMINISTRATOR
LEGAL REVIEW:
ROBERT F. CLARK
ASSISTANT CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
S
CITY ATTORNEY
1, R"di'll G. Ontlic, Clerk kit' the City or ml:tilli,
licreb-, certify that on lile ........ ..... v o
A. D. 19 .... . ... . I full, true and ckw:,rc,,•, ciwv
and foregoing oroin,mc,! \ta,
of the Dade C01,1111V COMI
for notices and puNications hy
the place provided therefor.
,WITNESS my hand and the official s,.,:ji cq
,City of .......... . ..... . ......................... A. D. 19
.. . . . . ................... I .....................
.City Clerk
CITY OF MIAMI. FLORIDA
S7 INTER -OFFICE MEMORANDUM
TO; Howard V. Gary
City Manager
DATE: July 23, 1984 FILE:
SUBJECT: UDAG Grant Airport 7
Office Building
FRow Dena Spillman, Director REFERENCES: City Commission Agenda
Department of Community Development July 30,.1984
ENCLOSURES:
It is recommended that the City
Commission approve the attached
Ordinance and Resolution, appro-
priating the sum of $1,407,306
and authorizing the City Manager to
execute on behalf of the City the
attached Grant Agreement as amended,
with the United States Department of
-Housing and Urban Development to
receive an Urban Development Action
Grant (UDAG) which will provide.
$1,407,306 to Airport 5040 Limited
Partnership in the form of a loan
for the development of an office building
in the Flagami Area and authorizing the
City Manager to accept the UDAG and
execute an agreement with the Developer
base on the term of the grant.
This project entails the construction of a nine (9) story 90,686
sq. ft. building for commercial and office use located at N.W.
7th street and N.W. 51st Avenue. Total cost of the project
$8,982,306 UDAG Loan $1,407,306. (See attached Fact Sheet).
The Airport Seven Office Building UDAG application, was approved
by the City Commission on April 27, 1984. The application received
preliminary approval by the U.S. Department of HUD on April 4, 1984
and final approval on June 18, 1984.
The Developer and the U.S. Department of Housing and Urban Develop-
ment are in agreement with the term of the contract, as amended as
is the City Staff.
r
El
Howard V. Gary
July 23, 1984
Page 2.
It is recommended that the City Commission approve the attached
emergency ordinance and resolution authorizing the loan to the
developer in order that this important project to the Flagami
area can proceed. V
t
DS : so
MIAMI REVIE��
AND DAILY RECORD
Published Daily except Saturday, Sunday and
Legal Holidays
Miami, Dade County, Florida.
STATE OF FLORIDA
COUNTY OF DADE:
Before the undersigned authority personally appeared
80" WMWM who on colt says that she Is the Vice President
of Leo Adrertiaing of the Miami Review and Daily Record a
daily (except $oturtlay, Sunday and Legal Holidays) newspaper,
Published et MIaM in Dade County, Florida: that the attached
co" of advertisement, being a Legal Advertisement of Notice
In the matter of
CITY OF MIAMI
ORDINANCE NO. 9865
In the ...... X . X . X ........................... Court,
was published in sold newspaper In the Issues of
Aug.7, 1984
Afffavra further says that the said MINM Review and Daily
Flab a p and that the �bhsd at Miami M said Dade County,
taper has heretofore bean
continuously published In said Daft Counttyy, Florida, each day
(•xapt Saturday, Sunday and Legal Not and has been
entered as second class mail matter at t(t»» post office In
MINIM In said Dade County, Florida. for a period of one year
naxt Wading the first publication of the attached copy of
advertisdemwitw and afflant further says Chet she has netthct
Paid Ion Or nfwW for the corporation any
nt for blication In the "Id rwwsop"Curing this
C j $Nbefore me this
7th.... �G Au \ . ' `�
..g... o. 19......84
it
Dzln'^-P qn, o odds at La •
!My Commission e` i �Jtiljiig►,re
MR 105
CITY OF MIAMI
DADS COUNTY, FLON110A
LEGAL NOTICE
All interested Will hike notice that on the 30th day of July,1984, the
City Commieslon of Miami, Florida adopted the following titled
ordinance:
ORDINANCE NO.9W5
AN EMERGENCY ORDINANCE AMENDING SECTION 1 OF
ORDINANCE NO.9534, ADOPTED DECEMBER S 1982, THE
EXISTING CAPITAL IMPROVEMENT APPROPAWIONS -
ORDINANCE, AS AMENDED, BY ESTABLISHING A NEW CAR
MAL IMPROVEMENT FUND ENTITLED: "AIRPORT SEVEN
OFFICE BUILDING (UDAG), ' AND APPROPRIATING FEDERAL'
FUNDS -FOR ITS OPERATION IN THE AMOUNT OF:S1;40?Aft`
CONtAINING A'REPtALER PROVISION -ANMKIS£VERABILI � :1
ITY_ -CLAUSE.
AALPhi G ONGIE •
CITY CLEAK'
U' CIYY OF MIAMI, FL•OAIDA
8!7 84-M"4M