HomeMy WebLinkAboutM-84-0747El
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ONGT Er
CITY CT,
REQUEST FOR PROPOSALS
CITY OF MIAMI/OADE COUNTY
SOUTHEASIT OVERTOWN/PARK NEST
REDEVELOPMENT PROJECT
PHASE I DEVELOPMENT
JULY 16, 1984
DRAFT RFP JUNE 15, 1984
�., CITY OF MIAMI
MAURICE FERRE, Mayor
DEMETRIO PEREZ, Vice Mayor
JOE CAROLLO, Commissioner
MILLER DAWKINS, Commissioner
J.L. PLUMMER, Commissioner
HOWARD V. GARY, City Manager
Manager
Proposals Due:
DADE COUNTY
STEVE CLARK, Mayor
BEVERLY PHILLIPS, Vice Mayor
BARRY SCHREIBER, Commissioner
GEORGE VALDES, Commissioner
BARBARA CAREY, Commissioner
RUTH SHACK, Commissioner
HARVEY RUVIN, Commissioner
JAMES REDFORD, Commissioner
CLARA OESTERLE, Commissioner
MERRETT STIERHEIM, County
2:00 p.m. October 29, 1984
Herbert J. Bailey
Assistant City Manager
Office of the City Manager
P.O. Box 330708
Miami, Florida 33233-0708
Tel. (305)579-3366
v4r-747
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Gentlemen:
Thank you for your interest in the planning and design, construc-
tion, lease and management of the Southeast Overtown/Park West
Community redevelopment Project. The Project is a joint endeavor
of the City of Miami_ and Dade County, with the City assuming the
major responsibility for project implrAmenta.tion. Fnclosed is the
City of " tam.i_'s P —cost ,`-0r Pro��os i1.s Nal�i_ch Cietai_ls ':11.e prOjevts
goals anc.1 proposal ;unmi_ ssion projected resident
demographics, significant area project reports and pertinent
legal and obl i.gn.tory documents.
All proposals must meet the major objective of the Phase I Rede-
velopment Program which calls for the creation of a new quality
residential_ community within the downtown area geared for the
expanding downtown employee population. The development of mod-
erate income housing for families with income levels between
$15,000 and $50,000 through a mixture of rental and homeownership
will meet our development objectives.
Responses to this RFP are due no later than October 29, 1984.
The City retains the option to require a more extensive and
detailed submission prior to a final determination of a developer
operator should the selection process warrant a second stage
review, as well as the right to reject all proposals.
Please carefully review all of the the enclosed documents. It is
important that each proposer comply with all requirements of the
�r
submission detailed in the R.F.P. All information and material
- submitted will be carefully analyzed and independently verified.
Proposals must present a definitive development program, project
definition; site plan and design concept, completion schedule,
financial strategy, and management plan respecting the require-
ments of this Request for Proposals to form the basis for selec-
tion by the City.
All questions or requests for additional information should be
addressed in writing to Herbert J. Bailey, Assistant City
Manager. Any response that could potentially impact proposals
will be furnished to all bidders in the form of addendum.
Proposals must be delivered to Ralph G. Ongie, City Clerk, City
Hall, 3500 Pan American Drive, P.O. Box 330708, Miami, Florida
33133 by 2:00 p.m., October 29, 1984 and will be publicly opened
on that day.
The City will conduct a pre -proposal developers conference on
August 30, 1984. For information regarding the conference,
contact the Southeast Overtown/Park West Project Office, 275 N.W.
2nd Street, Miami, FL 33128, (305)579-3366.
Please indicate by August 15, 1984, your intention to participate
in the conference and how many persons will attend.
Sincerely,,"
Howard V. Gary
City Manager 84-74C
Lo
TABLE OF CONTENTS
Page
I.
PUBLIC NOTICE ................................................
1
II.
PROJECT OVERVIEW
A.
Summary ...................................................
2
MAP: Southeast Overtown/Park West Location Map .........
3
B.
Project Description ........................................
4
C.
The Site ...................................................
7
MAP: PIfaSeI Development Program ......................
8
D.
Commitment of Funds ........................................
10
1. Land Lease .............................................
10
2. Affordable Rental Housing Development Program ..........
11
3. Tax Exempt Financing for Rental dousing ................
13
LOAN TO LENDER PROGRAM ...............................
13
OPTION 41 - Collateral Purchase Program ..........
14
OPTION fit - Direct Bank Loan Program .............
15
OPTION 43 - Surety Bond Loan To Lender Program ...
15
4. Dade County Homeownership Assistance Loan Program ......
15
S. Urban Development Action Grant (UDAG)
And Housing Development Grant Program .................
16
6. Public Parking Facilities ..............................
17
7. Construction Financing for Homeownership Housing .......
17
E.
Project Schedule ...........................................
18
III.
PROJECT PARCEL DESCRIPTIONS
A.
Parcel No. 24...............................................
19
B.
Parcel No. 25...............................................
22
C.
Parcel No. 36...............................................
25
D.
Parcel No. 37...............................................
28
E.
Parcel No. 44...............................................
31
F.
Parcel No. 45...............................................
34
G.
Parcel No. 46...............................................
37
H.
Parcel No. 55...............................................
40
I.
Parcel No. 56...............................................
43
IY.
PROPOSAL FORMAT AND LEGAL REQUIREMENTS
A.
City of Miami Charter Section 53(c) ...............•.......••
46
B.
Definition of Uses ..........................................
49
C.
Commitment of Services by the City ..........................
49
84-746
M
m
PROPOSAL SUBMISSION GUIDELINES AND FORMAT
A. Proposal Development Consideratf0ns ......................... 51
I^ Project Dgn;ity TO. Prn'rct Timing
2. Dwelling Unit Mix ll- Minority Participation
3. ON2lliOg Unit 3iZg 12. Pr0jcct Financing Strategy
4^ DvielliRg Unit ArmnDities 1.3. Land LeaSQ
5, Project Amenities 14, Redevglopm-nt Area
6. Parking U2qWiro0gOts 15. Parking
7~ Project Rent Schedule 16. Contract Tcrms
8. On -Site Improvements 17. TinetabYe
9^ Project Development Sites
B. Proposal Format ............................................. 56
1. Credentials .........^........,,,,,,...,,,,,~,,,,,,,,,,, 56
2. Project-, Proposal ....................................... 56
3. Other Requirements ,,,^~'.~..,^~..,,,.........,,....,.,. 57
VT. EVALUATION PROCEDURE ...~.,..,,...,......,.^.,,,,,,,,,,,,,^, 59
A. Evaluation Criteria ....,.^.,,,^.^.........,..,,...,...,..... 60
1. The Experience of the Development Team ..,..,.,...,...,. 60
2. Financial Capability, Level Of Financial CoRnDitment ,... 60
3. Financial Return to the City and
Equity Positions to Former Property Owners ,....,...,,., 60
4. Overall Project Des�.gn ..... 61
5. Extent of Minority Participation ,^,,...,~^,,,.,.,,..... 81
G. Conformance to the Recommended Development Program .,... 61
7. Priority Ranking Of Developers (UMTA Parcels) .......... 62
f Contiguous Parcels 63
�. �r0p�58l� �r �n Ou�u� Gr�� � .,.,,^.,,...,,,,..,,...
V11~ DECLARATION .................................................. 64
VrJI° FINANCIAL DISCLOSURE AND PROFESSIONAL INFORMATION .... 65
Proposer..,,,,^,,,,,,,.,,,,,,,,,,,,,,,,,,,,,,,,,,~,,,,,,,,, 66
PrVposer'S Architect .,...,..,,.....,...,......~.......,........ 72
PropOser's Contractor or Construction Manager ..............,... 74
Proposer'S Management Contractor ,.,.,.......................... 77
PrUposer's Project Sunnnary Form ..........,..,.................... 80
IX. GENERAL CONTRACT TERMS .....................~......."....... 83
X. APPENDIX
A. Southeast 0vertOwn/9§rk West Community
Redevelopment Plan Summary .................. .................. A~1
B. Market Potential & Development Strategies for
the Southeast OvertowD/Park West Community
Redevelopment Area Executive 5Ummary..................,^...... B~1
C. Affordable Rental Housing Development Program
--Summary of Financing OptiOUs.....,..........,........^...... C-1
D. Metropolitan Dade County Homeowner Assistance Loan Program.... O-}
E. City of Miami Code, Section 18-73,,.,,...,..,,......^....~.... E~1
F. City of Miami Resolution 83-297.,.'.,..,...................... F~l
G. Dade County Ordinance ..........,............... G-1
H. Black Equity Participation PrV|ran.........,...........,...... H~l
I. Proposed Urban Design Guidelines and ContrOls................. I~l
J. Proposed Zoning Ordinance /3PI~15\............................ J-i
a ���� ���
O�r���
W
t. PUBLIC NOTICE
The CITY OF MIAMT in cooperation with DADE COUNTY is inviting inter-
ested parties to submit Unified Development Project proposals for the
planning and design, construction, leasing and management for the
residential and commercial development of a nine -block area within
the Southeast Overtown/Park ',hest Community Redevelopment Area.
The Southeast Overtown/Park 'lest Redevelopmrnt Program entails the
redevelopment of 200 acres of primp real estate adjacent to the I'liami
Central Business District for new residential and commFrr_ial activ-
ity. Phase I redevelopment includes the public offering of nine City
blocks (approximately 28 acres) for the recommended development of
1,875 residential units and 250,000 square feet of coin ercial space.
The City intends to issue tax-exempt Multifamily Housing Revenue
Bonds to provide below conventional rate construction and permanent
financing for rental housing projects developed through the program.
,may
All proposals shall be submitted in accordance with the Request for
Proposals documents which may be obtained from the City Clerk of the
City of Miami. These documents contain detailed and specific infor-
mation regarding the property being offered for lease and the City's
goals for the use of the property by the successful proposer.
c
The City of Miami reserves the right to accept any proposal deemed to
be in the best interest of the City, to waive any irregularities in
any proposal or to reject any or all proposals and to re -advertise
for new proposals. In making such determination, the City's consid-
eration shall include, but not be limited to: the proposer's experi-
ence, the dollar amount return offered to the City, the proposer's
financial qualifications, the professional reputation of the pro-
poser, and the evaluation by the City of all information submitted in
support or explanation of the proposed use and development of the
property.
Howard V. Gary
City Manager
8 r{ r7 4t i
84--'74 G
6�1�84
Page 1
W
•
5
1 1 i
PROJECT OVERVIEW
A. Summary
The City of Miami is extending invitations to qualified developers
to submit proposals for the development of residential and com-
mercial structures within a nine -block area adjacent to the Over -
town Transit Station (23+ acres), a portion of which is already in
public ownership. Proposals shall include planning and design,
financing and construction of site improvements, construction of
residential and commercial structures to be owned and managed by
the successful proposer under a long-term lease agreement with the
City.
The development program calls for the recommended construction of
1,875 residential units and 250,000 square feet of comercial
space betacen 1985 and 1989. The City will deliver the cleared
land to developers. Recommended levels of commercial and resi-
dential development have been established for each of the devel-
opment parcels. Certain restrictions have been placed on certain
parcels relating to the type of development, i.e. ownership or
rental and associated sale price and rental ranges. The recom-
mended levels of coniiercial and residential development are simply
recommendations and should be used solely as a guide. On three of
the parcels, proposals may be submitted that contain alternative
land uses. Alternative land uses are uses that meet the overall
redevelopment objectives of the Southeast Overtown/Park West Rede-
velopment Project but not listed for each parcel in Section III.
Alternative land uses shall include institutional activities and
public facilities including ancillary development. Proposals will
be evaluated on their conformance with the densities and land
uses delineated in the recommended development program.
The City intends to provide a number of development incentives and
subsidies for the project which will include flexible long-term
land leases based on a land cost write down, second mortgage
assistance for homeownership housing, application by the City of
Miami for assistance under the federal Urban Development Action
Grant Program and other federal programs, infrastructure improve-
ments, low-cost construction financing, and permanent financing
through the issuance of tax-exempt bonds. Residential development
within the Phase I project area will be geared tp families with
annual incomes in the range of $15,000 to $50,000. A —1114
Sks s•�;.
b/1/84
Page 2
SOUTHEAST OVERTOWN/ PARK WL-b'l- wil 1 0
LOCATION MAP 0 750 1500
-f,
84-74t6,
84-7,10'
The project area lies within the 200+ acre Southeast Overtown/Park
'hest area, which will be redeveloped jointly by pi.rblic and private
i nvestm�,nt for residential and cnTmerci al ricvel onmf*nt during the
next year-,. I'lark-i: prn'lnc"'inn...i call i or rho' c(on`.t.ructlon
of over 0,O(ln rnsidratial uni" s, 1. 000,On(i s rr<;re r^et of office
space, and 1 4sl,nno sg,rare feet of re'.ai 1 space ty :he year 2000.
Public participation in later stags of thi s prnje- t will be
throuoh the sale of Tax Incre;?nnt Revenue Bonds. The Tax Incre-
ment District was Established by Dane County Ordinance 82-115 in
1982. This project is an integral component of the overall rede-
velopment- program for downtown Pliami.
Priority ranking will be given to developers in later stages of
this project who are successful developers in Phase I. The City
also encourages developers to submit proposals for multiple
parcels.
B. Project Description
The Southeast Overtown/Park 'Test Project Area has been designated
a community redevelopment area by Dade County under the provisions
of Florida Statutes Chapter 163. The redevelopment plan has been
approved by the Commissions of both the City of Miami and Dade
County and certain redevelopment authority has been granted to the
City of Miami for project implementation.
_ This request for proposals seeks an integrated development package
including planning and design, construction, financing, and man-
agement of residential and commercial facilities. The project is
divided into numerous development parcels. Proposers may propose
on any or all of the parcels, but the proposals must allow the
City to choose one or more parcels.
The Southeast Overtown/Park West Redevelopment Program entails the
redevelopment of 200 acres of prime real estate adjacent to the
Miami Central Business District (CBD) for new residential and
commercial activity. The general redevelopment concept for the
project area is directed toward the provision of a wide range of
housing opportunities within a downtown setting, including support
uses necessary to serve the area's future population. During the
next ten to fifteen years, this area will be transformed from a
neighborhood of blighted and marginal residential and commercial
land uses into an integral component of downtown Miami. As Miami
has rapidly become an international center for finance and trade,
the downtown area has experienced new growth and vitality.
4""t48
6 1/ 4 Page 4
Projections call for a doubling of the employee population by the
end of the century from 72,000 employees to 155,000 employees,
primarily due to a continued strong expansion of the office
market.
The New Oownto gin that: is cmergi nq will tic a ba i anted community
with retail, office, r-ecr-ationaI, and residential
act! vities. The Sotit:heast 0ver _own/Park Wcs : Project area will
provide the resource for residential development within the down-
town core area, an essential ingredient for the establishment of a
viable downtown which moves beyond the 9-to-5 routine.
By the end of this century the project area is envisioned to have
the capability of supporting over 9,000 new residential units, and
over 1,000,000 square feet of commercial development. The area
will have an estimated nnn(iiation of 22,000 people according to a
recently completed market analysis by the rationally renowned firm
of Hamner, Siler, George Associates.
The City of Miami, in cooperation with Dade County, is assuming
the financial and redevelopment responsibility, and Metro -Dade
County, which is assuming the acquisition and residential reloca-
tion responsibility, are jointly sharing the public roles in this
major New Town --In Town redevelopment project. The role of the
public sector will be as project facilitators. The City will
assume some of the costs and risks normally borne by the private
developer. This project will be one of the largest joint private/
public undertakings in Florida and it is estimated that over $100
million in public funds will leverage approximately $1 billion in
private funds during the next 10-15 years. Public sector involve-
ment will be focused on land acquisition, relocation, demolition,
_ project marketing, construction of public improvements (including
$' the construction of the 9th Street Pedestrian Walkway), parking
facilities, and the provision of gap financing where warranted.
In addition, a special zoning district will be established for the
area which will contain development incentives. A Development of
Regional Impact Statement (DRI) will be prepared for the full
a
project area and an updated marketing study for the total project
area is available to potential developers and investors.
The certified public accounting firm selected by the City Commis-
sion at the public hearing will specifically evaluate the
financial viability of the proposed development team and their
proposed financing strategies, ability to maintain prices at
proposed levels, and will assess comparatively the short and long
range economic and fiscal return to the City. Their report shall w
be submitted to the Review Committee and the city manager for h4s`
recommendation to the City Commission. aaa///�111 �j `�
V 21� — I ^
6/1/84 Page 5
The City of Miami has established the Southeast Overtown/Park West
Project Office under the city manager to coordinate the develop-
ment of t hi ` cr-i ci al project.
The project, particularly the initial phase, will be coordinated
and bull', in ssidh a manner a7. to crnat;o sufficient critical mass
to change perceptions about thR project area and to support the
significant public i nve tment program required.
There are certain activities occurring within and directly adja-
cent to the project which further reinforce its development
potential, including:
- the ongoing expansion of the Downtown Government
Center which will have an employee population of
over 15,000 when completed;
- the construction of the Overtown Transit Station
within the project area, which will be one of
only three stations serving the Downtown/
Brickell area;
the construction of the Downtown Component of
Metrorail (DCM/People Mover) which will link
major portions of the project area directly to
the rest of the downtown core;
- the continued expansion of the Port of Miami,
which ranks as the world's largest cruise port,
serving in excess of 2,000,000 passengers
annually;
- the scheduled and proposed redevelopment of the
adjacent bayfront park system which provides a
regional amenity;
- the proposed construction of the Bayside Speci-
ality Center at Miamarina, to be developed by
the Rouse Company, which will generate over
6,000,000 visitors annually; and
- the proposed expansion of the Omni -Midtown com-
mercial and residential node located directly
to the north and the Flagler Street Core Area
located directly to the south.
Government participation during Phase I of this project will focus
on public investment adjacent to the Overtown Transit Station and
along the 9th Street Pedestrian Walkway. A nine -block Transit
Station Impact Area has been identified as the location where
6/1/84
public investment will be concentrated, This area was selected
due to its strategir.. location adjacent to the Overtown Transit
Station and the. Onwntown Governr:rnt Center. Pedevelopri-int; within
this area ,ill m xini;.e benefit, tin hoth the Par!: iqo t and Over --
town portions of t he project arr.,) ind pr^Vi otts capital
improvement. cxpendi `'.urc!; pl+as c:nr-;,i tI I porhl is funds (Urban
Initiatives Project).
There are strong development opportunitics along the nine blocks
surrounding the proposed 41t.11 Street Pedestrian Walkway and the
Overtown Rapid Transit Station. Preliminary calculations indicate
that this nine -block area is capable of supporting the development
of 1,875 residential units, 250,000 sq.ft, of commercial space and
alternative land uses.
Proposed residential development for the Phase I redevelopment
will be geared for families with annual incomes ranging from
$15,000 to S50,000 (note the Nagler, Siler, George Associates
market study summary in the appendix). A mixture of homcownership
and rental housing is proposed to attract an expanding downtown
employee population.
Funding for Phase I redevelopment is provided through a number of
funding sources including a grant from the Urban Mass Transit
Administration, City of Miami General Obligation Housing and High—
way Improvement Bonds, and an anticipated loan from the federal
government through the HUD Section 108 Loan Program.
Land acquisition has been initiated for Phase I development along
with relocation and building demolition.
C. The Site
The City is providing 28+ acres of land, located on nine parcels,
for development.
The parcel descriptions included in Section III provide base
information on each of the parcels. It should be noted that par-
cel numbers 24, 25, and 37 are recommended to be developed under
the City of Miami Affordable Rental Housing Program. Development
proposals for the remaining parcels can be developed for either
homeownership housing or rental. Consideration under evaluation
criteria number six will be given for the development of parcel 36
for homeownership housing utilizing the Dade County Homeownership
Assistance Program and priority consideration will be given to the
development of homeownership housing on parcels 44, 45, 46 and 55.
s 4,7 T;j
8
6/1/$4 4S
Page
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CIL] [1] F1f� l ( 1
36
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mor
RECOMMENDED
DEVELOPMENT PROGRAM
Legal Approx. Commercial
Description Acreage Residential (office A retail)
Miami North
Blacks 24 4.1 350 units 30,000 sq.ft.
25 2.2 175 units 15,000 sq.ft.
36 3.7 200 units 25,000 sq.ft.
37 4.1 350 units 30,000 sq.ft.
44 3.6 300 units 25,000 sq.ft.
45 2.0 100 units 25,000 sq.ft.
46 3.4 200 units 0 sq.ft.
55 3.4 200 units 0 sq.ft.
56 2.0 0 100,000 sq.ft.
Total 28.5 1,875 units 250, - 000 sq.ft.
SOUTHEAST OVERTOWN/PARK WEST
&I-J- METFORAIL RIGHT OF WAY
PHASE I - D C M
56 PARCEL NUMBER
PHASE I REDEVELOPMENT AREA
0 WSW
PHASE I-
M:"'�
1111! 1 1 1 ^
0 200 400 600'\_�
84-7-W
6/28/84 Paop 8
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III �.•--.....�.-,.-.._
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PROPOSED MINIMUM DEVEL.OPUENT PROGRAM
Minimm
Legal
Approx.
41nintn
comercial
Descriction
Acreage
Residential
(office 3 retail)
Miami North
Blocks 24
4.0
350 units
30,000 sq.ft.
ZS
2.2
175 units
15,D00 sq.ft.
36
3.4
200 units
25,000 sq.ft.
37
4.1
350 units
30,D00 sq.ft.
44
3.9
300 units
25,000 sQ.ft.
45
1.9
100 units
25,000 sq.ft.
46
3.4
200 units
0
55
3.4
200 units
0 sq.ft.
56
1.9
0
I00,000 sQ.ft.
Total
29.2
1,875 units
250,000 sq.ft.
SOUTHEAST OVERTOWN/PARK WEST
'6Ri3 METROAAIL AlaHT Of WAY
�1 Pr4ASEi-0CM
6/1/84
M
C
5B PARCEL NUMBER
a� PHASE ! REMELOPMENT AREA
PHASE I-
r �
o�II+ 200 400 600�
s'ag6 `�8
Developers are encouraged to submit development proposals that
conform to or surpass the recommended Phase I Development Program
as delineated in Section 111. The City will ar.cept: for review
proposals for each of the nine parcels ':hai: do not: ,,eel, i.h^ rpcom-
mended levnls of cn .nerci al and f l si rlen':i a 1 drvrl npm-nt: ;tilt_ oval u-
ation criteria number six consideration will hn given to those
which meet: or .,urpiss the Rec;or?m+7,nd-d Phase 1 Developtn^nt Program.
In addition. for parcels 24, 37, and 4- , the C i ty will also accept
proposals that include a change of land use from those delineated
in Section I II . proposals shoal d be in conformance with the rede-
velopment objectives of the Southeast Overtown/Park 'lest: Redevel-
opment Project which is to create a new residential/commercial
community. Under evaluation criteria number six, consideration
will also be given to development proposals for those parcels that
conform to the recommended Phase I Development Program. Proposals
that include institutional uses, public facilities, and related
activities are the types of land use changes that may be consid-
ered acceptable for alternative development proposals.
It should also be noted that if public support for land acqui-
sition is to be provided for parcels 24 and 37, they must be
developed under the City of Miami's Affordable Rental Housing Pro-
gram. If alternative land uses are proposed, the proposal must
include a guaranteed funding source for land acquisition and relo-
cation. The Southeast Overtown/Paris West Project Office will pro-
vide estimated acquisition and relocation costs for these parcels
on request.
The City will fund the construction of Phase I of the 9th Street
Mall which will be built from North Miami Avenue to N.W. 2nd
Avenue. The right-of-way of the mall will vary from 50 to 100
feet. For proposal submission purposes, assume that the City will
fund the full construction cost of the mail and developers of
adjacent parcels will be required to provide the necessary pedes-
trian connections to the mall.
Northwest 7th Street between N.W. 3rd Avenue and N.W. 1st Court,
and N.W. 1st Court between N.W. bth and 8th Streets is proposed to
be closed to vehicular traffic. No additional right-of-way is
proposed for these pedestrian streets.
Developers are encouraged to submit proposals that exceed the
recommended development program. The City is looking for pro-
posals that entail quality development that will be able to
competitively attract moderate -income families to the area. In
addition, developers will be required to abide by the Special
Public Interest (SPI) Zoning District regulations and Urban Design
6/1/84 �� Page �9
Guidelines and Controls which will be established for the South-
east Overt-own/Park West Project Area (note appendix), unless
submitting alternative development programs for parcels 7.4. 37,
and/or 44. The draft: SPI and Urban Design Guideline. and Controls
should be utilized for purpose,. of preparing a response to this
RFP. It: should he noted that: the Floor Area Ratio.. WAR) are
based on gross floor areas pursuant, to Miami Compre-hen siVe Zoning
Ordinance No, 9500.
Responses to the RFP may also propose the utilization of Urban
Development Action Grants and other federal programs, but pro-
posers should provide financial pro formas for the project showing
the utilization of the federal program and without the federal
program.
D. Commitment of Funds
The City intends to provide no direct mortgage financing to the
development, however, the City nay issue tax-exempt mortgage
revenue bonds in the amount not to exceed $95,000,000, provided
the developer/manager assumes responsibility for the revenue bond
A debt services. This has been approved by the Miami City Commis-
sion through Resolution No. 84-668.
A number of programs may be available to projects within the Phase
I redevelopment area to assist in project financing. Proposals
should note hoer these funds can be utilized to assist the project
and reduce costs. Projects should be economically feasible based
on a long-term land lease agreement and the utilization of pro-
grams delineated in this section.
The following items include a list of available resources to
assist development within the project area:
1. Land Lease
The City will enter into a long-term lease agreement with
developers. The duration of the leases are anticipated to be
for 50 years and the lease agreement will be structured in a
manner that the City will, receive a base rental and percentage
of the income to be generated by the project in future years.
84-7,10
6/28/84 Page 10
Condominium Proposals
The leases must be assigned to the Condnminium Association and
control transferred in accordance with Florida Statutes Chap-
ter 718. No residual interests shall ,,e maintained by the
Proposer,
The financial return to the City nay be structured as a low
flat rate renta????9or the first: five years, thereafter to a
percentage of assessed value of all units.
Rental Property
The financial return to the City may be structured as a low
flat rate rental for the first five years, thereafter to a
percentage of gross rents. The City would expect to receive a
percentage of the gross sales price of any eventual conver-
sion to condominium ownership. Any eventual conversion must
also provide for the transfer of control of the lessee's
interest in the lease to the Condominium Association in accor-
dance with Florida Statutes Chapter 719.
Commercial Property
The financial return to the City may be structured as a low
flat rate rental for the first five years, thereafter to a
percent of gross rents. All lease hold commercial improve-
ments shall revert to the City upon the expiration of the
lease term.
Mixed Use Projects
The financial return to the City may be structured as a combi-
nation of the above or the parcels may be subdivided, allowing
for a different financial return based -upon the use of the
resulting sub -parcels.
2. Affordable Rental Housing Development Program
The City of Miami, in conjunction with Metropolitan Dade
County, has established a rental housing development assis-
tance program called the Affordable Rental Housing Develop-
ment Program (the "Program"). Parcels 24, 25, and 37 are
recommended to be developed under this program.
The City intends to issue.tax-exempt Multifamily Housing Rev-
enue Bonds to provide below conventional rate construction and
permanent financing for rental housing projects ("Projects")
developed through the Program. See the appendix for a summary
814�-
6/28 84 Page ~ll
of financing options. In order to secure the bonds, it is
expected that the City will be required to comply with cer-
tain covenant,. agreements and conditions affecting the Pro -
jests and fi:h�, f i n:tnc i nq fh r�'nf
In addition ';o the varirws monchanirm7, forth in
the bond documcntl s. ":he 11'ro,-Jects will he subi-ct A:o the 1954
Internal Revenue Code rcgOrcmnnts, a, amender", and the regu-
lations promulgated thereunder (the "Code"), which require
that at least 15": of the units in each Project financed with
tax-exempt obligation bonds must he occupied or available for
occupancy by persons of low income (80" or less of the area
median gross income) ("Loy -Income Tenants") for a period
beginning on the later of:
(a) the first day on which 10% of -the-Project units in
the Project are first occupied;
(b) the date which is the midpoint of the maturity of
the obligations having the longest maturity after
the date on which any of the units are first
occupied; or
(c) the date on which any assistance provided under
Section 8 of the United States Housing Act of 1937
terminates (the "Qualified Project Period").
For the period prior to the later of the First day on which
_ 10% of the Project units are first occupied or the date of
issuance of the bonds, 15% of the occupied units must not be
occupied by tenants other than Low -Income Tenants until a
sufficient number of units are first rented to Low -Income
Tenants. In addition, all units of a Project must be held in
rental status on a continuous basis for a period equal to the
longer of the remaining term of bonds or the Qualified Project
Period. However, in the event of a foreclosure these restric-
tions will cease to apply, provided either the bonds are
redeemed or amounts received as a consequence of such foreclo-
sure are used to provide a profit that meets such require-
ments. In addition to the Low -Income Tenant requirement, the
Program requires that the balance of the tenants be persons of
moderate income (8113 to 150% of the area median gross income).
Sponsors will be required to enter into written rent regula-
tory and management agreements with the City to assure that
the Projects will be economically accessible to low- and mod-
erate -income families for the period described above.
84 i
84-70
6/1/84 Page 12
All Projects financed through the Program will be required to
meet South Florida Building code standards and other standards
as may be applicable to the construction and design of multi-
family hnii-ing in i1iiri. 'Florida..
3. Tax --Exempt Financing for °ontal Housing
The City of "iami anticipates floating S95,000,000 Mortgage
Revenue Bonds to finance multifamily rrntal housing within the
project area 11 is anticipated thit these bonds will reduce
construction and permanent financing to 37 below the prime
interest rate. This program can be utilized for rental devel-
opment on any of the redevelopment sites. The City has estab-
lished a set of guidelines contained in the invitation for
Proposals for Developers to consider- i ` order tc sec:;re tax-
exempt financing through the City's program. Any of the
financing structures outlined below may be utilized for a
project depending upon the specific characteristics of the
developer and the project.
All Proposals for Development submitted utilizing tax --exempt
financing for rental housing must follow the aforementioned
requirements of the Affordable Rental Housing Program.
The proceeds of an issue of tax-exempt bonds may be loaned to
a Lender or directly to a Developer. The repayment of the
loan proceeds must in any event be secured by (a) the guaran-
tee of a rated institution; (b) a letter of credit ("LOC") of
a rated institution (the "Bank"); or (c) some other form of
security and/or collateral which would generate an investment
grade rating on the Bonds. The financing techniques that may
be utilized include:
LOAN TO LENDER PROGRAM
In a traditional Loan to Lender Program, the Issuer will issue
tax-exempt revenue bonds (the "bonds"), the net proceeds of
which will be used to make a loan to the Lender in an amount
equal to the par amount of the bonds. The Loan to the Lender
(the "Loan") will be a full faith and credit obligation of the
lender and, if necessary, will be additionally secured by col-
lateral in order to establish a credit rating. The repayment
schedule of the Loan will be calculated to pay debt service on
the Bonds, and payments under the Loan will be rude monthly to
the Trustee for the Bondholders. Bonds �l;_p,;yor , ,4 nterest
84-'74S
6/1/84 Page 13
semiannually
and the principal at
maturity, which is
antici-
pated to be
ten to twelve years.
The interest rate
on the
Loan will he
at least to t:he
int:ernst rato on the
honds.
Pursuant to an agrcement het won, t:h Is suer, thin 0-ve10-per,
and the Lender, the Lender will he oh l i aaa l rrf %n make a con-
struction and permvinen nort.gagc loan (the "Developer Loan")
to the Developer in an amount equal to Fond proceeds to
finance a multifamily housing project ( the "Project"). Costs
of issuance and bond discorant will be paid as a. fee by the
Lender at Bond closing with reimbursement being made by the
Developer upon closing the Developer Loan. Those amounts may
be capitalized in the Developer Loan, depending upon negotia-
tion between the Lender and Developer. All of the real estate
risk of the Project is borne by the Lender, and the terms and
conditions of the Developer Loan will be negotiated between
the Lender and the Developer.
In order to increase the credit rating of the Bonds, thereby
reducing interest cost and to also lower the Lender's collat-
eral requirements, the Issuer and the Developer may choose a
method of financing which includes a credit enhancement. The
options available are outlined below:
OPTION #1 - Collateral Purchase Program
Under this structure the Issuer will make loans to local
savings and loan institutions and/or commercial banks (the
"loan"). These loans are secured by the general obligation
of the participating lending institutions and collateral in
the form of government obligations and/or single family mort-
gages. As a credit enhancement for the Bond issue, the Issuer
and the Trustee will execute an agreement with a rated bank
( the "Bank") . in the event of a default by a participating
lender, the Bank would be required to purchase all or a por-
tion of the defaulting Lender's collateral thereby ensuring
repayment of the Bond issue. Collateral requirements will be
approximately 1250 for government obligations and 130% for
single family mortgages.
The participating lending institutions, the Bank and the
Issuer are compensated in such a manner that aggregate fees
will not cause the yield on either the Loan or the Developer
Loan to exceed maximum permissible yields.
84-",4(5�
6/1/84 Page 14
4.
OPTION #2 - Direct Bank Loan Program
Under this structure the Issuer will make a direct loan to the
Bank (the "Loan"). This loan is secii.red by the general obli-
gation of the Bank. The Bank %.ii i 1 make direct loans ( the
"Notes") to the Developer. If required by the Bank, the
Devel ooer must; secure its note from the Bank with a standby
commitment from local savings and loan institutions and/or
commercial banks (the "Participants") or other security
acceptable to the flank.
The Participants secure the Notes by committing to purchase
the Note from the Bank if the Developer fails to meet its
obligations. The Participants standby commitment is collater-
alized approximately 125�; for government obligations and 130%
for single family mortgages.
The Bank, the Participants, and the Issuer will be compensated
in such a manner that aggregate fees will not cause the yield
on either the Loan or the Notes to exceed maximum permissible
yields. The Participants will be compensated by the
Developer.
OPTION #3 - Surety Bond Loan To Lender Program
Under this structure, the Issuer will loan the proceeds of the
Bonds to a Lender (the "Lender Loan") who will be obligated
under the terms of the Loan Agreement to fund the construction
and permanent mortgage loan of a multifamily rental housing
project. In order to secure the obligations of the Lender to
repay the loan from the Issuer, the Lender will secure a sure-
ty bond from a qualified surety which will ensure the timely
repayment of the Lender Loan. The surety bond will require
collateral in the amount equal to 110" of the outstanding
obligation. The form of collateral may include M government
obligations; (M FNMA/FHLMC participation certificates; and
(iii) other acceptable forms of liquid/marketable securities.
Dade County Homeownership Assistance Loan Program
A program has been established by Dade County funded through
the Documentary Surtax to provide second mortgage assistance
for homeownership housing which includes condominiugs and
8 4 ,' ,
84--7` 6
6/1/84 Page 15
cooperatives. Developers will be required to submit an appli-
cation to the Dade County Department of Housing and Urban
Development.
The Program hisz been established to provide onport uni ties to
low- and moderate -income families to purchase hnnn, using a
combination of private financing for first mortgage and pub-
lic funds for second ror l.:gages . Thn program rs!duccs income
required to buy housing because the second mortgage will
replace the firs": mortgage monies that have higher interest
rates, and immediate payments will not be required on the
second mortgage.
The loans will be secondary financing at an interest rate of
three percent for low-income families and six percent for
moderate -income families. A borrower will be required to
obtain as high a first mortgage from a conventional lender as
the borrower's income will permit.
See the appendix for additional information.
S. Urban Development Action Grant (UDAG)
and Housing Development Grant Program
The City of Miami will assist in the preparation of applicat-
ions for assistance under the Urban Development Action Grant
Program and the Housing Development Action Grant Program.
Urban Development Action Grants are awarded to cities and
urban counties to leverage private investment for industrial,
commercial and neighborhood projects.
The selection process is a nationwide competition and the
proceeds of the Grant are usually in the form of a loan from
the City to developers.
A ratio
of $2.50
in private funds
for every Action Grant
dollar
requested
is a minimum requirement. Projects with a
higher
ratio can
be considered more
favorably. The average
ratio of approved
projects is S6.00 in
private funds for every
Action
Grant dollar.
A maximum of
$15,000 per residential
unit is
available
under this program.
Under the newly enacted Federal Title III Rental Housing
Development Grant Program it is anticipated that grant
84-"746
6/1/84 Page 16
i '
assistance for any structure may not exceed 50 percent of the
total cost of development, including acquisition.
Additional information concerning the Urban Development Action
Grant Program and the Pental Housing Development Grant Program
will be provided by ..he City of Miami.
6. Public Parking Facilities
Parking requirements for each parcel may be met by obtaining
the participation and cooperation of the Department of Off -
Street Parking. The Department will consider any parking
proposal and could enter into a separate negotiation with the
developer. The Department will expect the developer to enter
into a "Capital Lease" to insure an annual rental payment from
the developer in an amount equal to the debt service, opera-
tion, management, and maintenance cost less the operating
revenue of the facility. Developers would then be able to
utilize the tax benefits of the facility, obtain a lower in-
terest rate for financing of the facility, and share in net
revenues at the time the facility operates profitably.
7. Construction Financing for Homeownership Housing
The City of Miami anticipates issuing three year revenue
notes. No pledge or guarantee is provided by the City. The
revenue notes can provide construction financing for finan-
cially responsible builder/developers at less than a 7b rate.
this program is restricted to homeownership developments.
84— 7 47 -
S
6/1/84 � � � g�
11
El
E. Project Schedule*
Publication of Request for Proposals
Pre -Submission Conference
Proposal Submission Deadline
Interview>fs with qualified Proposers
Recommendations to the city manager from
the Review Committee and C.P.A. firm
City manager's recor7.endation to the
City Coranission at the regular monthly
Commission Meeting
Begin contract negotiations with
the successful Proposer
City manager submits contract for
City Commission Approval
County Commission Approval
*Anticipated Schedule
6/1/84
J
k
July 16, 1984
August 30, 1984
October 29, 1984
November 15, 1984
December 3, 1984
January
1985
February
1985
May
1985
June
1985
8Ij -7 - ,,
134-746
Page 18
84---74 ,
84r-74
M
Information relating to 'zoning in this
Request for Proposals is based on the pro-
posed SPI 15, 16, 16.1, and 16.2 being
prepared for the Southeast Overtown/Park
West Project Area. Proposals should be
based on the proposed zoning. Final plans
for development projects within the project
area must adhere to the adopted zoning.
84-747
84-74 6'
llw
ra
A. PARCEL NO. 24
1. LOCATION NAP
2. PARCEL MAP
31
6111$4
N.W.-
10 ST.
10
9
8
7
24
18
6
19
5
4
3
2
1
II
12
13
16
17
20
21
22
23
{
24
14
15
N.W. 9 5T.
en
3. LEGAL DESCRIPTION
Miami A.L. Knowlton
B-41, Block 24
Lots 1-24
4. ACREAGE
177,450 sq.ft.
4.07 acres
S. PROPOSED ZONING
Uses
Multifamily Residential
Commercial --Office, Retail
Floor Area Ratios
Residential 2.6
Commercial 0.4
Total 3.0
6. RECOMMENDED DEVELOPMENT PROGRAM
Residential Square Footage 592,900
Commercial Square Footage 91,200
Total Square Footage 684,100
Parcel No. 24
Approximate
No. of Units
(593)
7. PROPOSED MINIMUM ALLOWABLE DEVELOPMENT
Residential knits 350
Commercial Square Footage 25,000
6 1 / 44
84--747
84-746
Page 20
Parcel No. 24
S. REQUIRED DWELLING UNIT MIX*
1 Bedroom 40%
2 Bedrooms 40%
Other 20%
9. MINIMUM THRESHOLD FOR DWELLING UNIT SIZE*
Studios
400
Square
Feet
1 Bedroom
600
Square
Feet
2 Bedrooms
750
Square
Feet
3 Bedrooms
850
Square
Feet
10. PARKING REQUIREMENTS
1.0 parking space per residential unit
1.0 parking space for every 700 sq.ft. of net
leasable commercial space
11. DEVELOPMENT RESTRICTIONS
-- To be developed under the provisions of the City
of Miami's Affordable Rental Housing Program if the
City is to provide funding for land acquisition.**
-- An additional setback of 25 feet may be required
along the 9th Street frontage.
-- Mandatory commercial along 9th Street frontage.
-- City will review alternative development proposals
(land use).
12. AVAILABLE FINANCIAL SUPPORT TO THE PROJECT
-- Land Lease for rental housing developed under the
Affordable Rental Housing Program.
-- Tax-exempt construction and permanent financing
for construction of rental housing.
* For units developed under the Affordable Housing Program.
Developers are encouraged to propose larger units.
** The City will accept and review alternative uses for th Sly—'747 ,
parcel. �p
8 4 -`n
6/1/84 Page 21
AM
B. PARCEL NO. 25
1. LOCATION MAP
J I I I 1 1! 1 I 1! -;;nt=4 LLJ
n." ,e
p,tF. 0 ]T. `
2 I
37
a f L
w. n, 8 3T
cc
44
5
I I I I ' r �.
� �ii i:li Ili �
! "� METRORAIL RIGHT OF WAY ! !
2. PARCEL MAP
W
Q
N
2
6/1/84
NA!0ST.
in �•
I �
I �
10
9
8
7
6
I �
5
I
25
�
I
I �
I 1
12
13
14
15
I �
16 17 '
I I
�
I
I. 542S l
N. VIA 9 ST
W
d
39
2d
84-p'74 '
84-'74 6
Page 22
,7'
3. LEGAL DESCRIPTION
Miami A.L. Knowlton
8-41, Block 25
Lots 5-17
4. ACREAGE
96,250 sq.ft.
2.19 acres
S. PROPOSED ZONING
Uses
r Multifamily Residential
Commercial --Office, Retail
Floor Area Ratios
Residential 2.6
Commercial 0.4
Total 3.0
6/15 84
Parcel No. 25
6. PROPOSED MAXIMUM ALLOWABLE DEVELOPMENT
Approximate
No. of Units
Residential Square Footage 390,400 (390)
Commercial Square Footage 60,100
Total Square Footage 450,500
7. RECOMMENDED DEVELOPMENT PROGRAM
Residential Units 175
Commercial Square Footage 15,000
84--74'7`
84-74C
Page 23
6/1/84
Parcel No. 25
S. REQUIRED DWELLING UNIT MIX*
1 Bedroom 40%
2 Bedrooms 40%
Other 20%
9. MINIMUM THRESHOLD FOR DWELLING UNIT SIZE*
Studios
400
Square
Feet
1 Bedroom
600
Square
Feet
2 Bedrooms
750
Square
Feet
3 Bedrooms
850
Square
Feet
10. PARKING REQUIREMENTS
1.0 parking space per residential unit
1.0 parking space for every 800 sq.ft. of net
leasable commercial space
11. DEVELOPMENT RESTRICTIONS
-- To be developed under the provisions of the City
of Miami's Affordable Rental Housing Program.
-- An additional setback of 25 feet may be required
along the 9th Street frontage.
-- Mandatory commercial along 9th Street frontage.
12. AVAILABLE FINANCIAL SUPPORT TO THE PROJECT
-- Land Lease
-- Tax-exempt construction and permanent financing
for construction of rental housing
* For units developed under the Affordable Housing Program.
Developers are encouraged to propose larger units.
f36,' 7 4
84-74
Page 24
IA
C. PARCEL NO. 36
1. LOCATION MAP
t Li—Li17.
25
IL
55 ij -
I I i
1
AY
I
METRpRAIL RIGHT OF YJ
2. PARCEL MAP
N W. 9
ST.
347."4_
2
3
7
6
10
11
15
14
16
19
23
2-2---
36 26
27
31
30-
34
33
39
36
42
46
37 3.j
1
S
9
16 W
Q
17 _
24
2S 4
32
33
40
41
4S
84 ,o, V
Page 25
6 / 28 1414
I
�,� Parcel
3. LEGAL DESCRIPTION
35
(g_34)
P,W,
White Re- Sub of
Qlock
6
7,
8,
9, 10,
Lots
1, 2, 3, 4'
1.5,
5 ,
16,
17,
18.
1q,
20, 21,
34,
11,
1?_, 13, 1-4,
27,
30,
31,
32 ,
33,
22,
23, 24, 25, 41,
42,
43,
46,
47,
48
35,
38, 39, 40,
4. ACREAGE ft. ( approx.l
162,300 sq.
3.70 acres
6/2S
5. PROPOSED ZONING
Uses Residential
Multifamily Retail
Comr1erci al --Office ,
Floor Area Ratios
Residential 2.6
Commercial 0.4
3.0
Total
MAXIMUM ALLOWABLE DEVELOPMApgroximate
6. PROPOSED No, of Uni is
23 , 300 (423i
Residential Square Footage 465,1�0
Commercial Square Footage 489,400
Total Square Footage
COMMENDED DEVELOPMENT PROGRAM
7. RE 200
Residential Units 25,000 84i,74edr
Commercial Square Footage
P age 26
4
n
F REQUIRED parcel No. 36
�. Il�tELLIP�G UNIT MIX
For development only under Dade County
Homeowner=hip Adz ist,ince Loan Program
1 Bedroom 1071
? Bedrooms 40`
Other 20
Other Proposals -- None
9. MINIMUM THRESHOLD FOR DWELLING UNIT SIZE
For development only Lander Dade County
Homeownership Assistance Lean Program
Studios _ Square Feet
1 Bedroom 950 Square Feet
Z BeUrUUlll'a 7:71J JyUtA► C Feet
3 Bedrooms 1050 Square Feet
Other Proposals --- None
10. PARKING REQUIREMENTS
1.0 parking space per residential unit
1.0 parking space for every 800 sq.ft. of net
leasable commercial space
11. DEVELOPMENT RESTRICTIONS
-- An additional setback of 25 feet may be required
along the 9th Street frontage.
-- Mandatory commercial along 9th Street frontage.
-- Priority consideration will be given to proposals
which include the development of units of homeown-
ership housing funded through the Dade County Home-
ownership Assistance Loan Program.
12. AVAILABLE FINANCIAL SUPPORT TO THE PROJECT
-- Land Lease
-- Tax-exempt construction and permanent financing
for construction of rental housing.
-- Dade County Homeownership Assistance Loan Program.
Dade County has reserved $1.05 million surtax funds for
this project in FY'86 and consideration shall be given
in the future to reserve a similar amount in FY'87
-- Construction financing assistance for homeownerV-7,
housing. 47
6/1/84 $P
age 27
r; y
0. PARCEL NO. 37
1. LOCATION MAP
2. PARCEL MAP
m w 4 ±lr
11
u
t0
9
6
T 6
37
5
4
3
2
1 t
11
13
16
17
1 S
19
20
21
22
23
24
14
15
L- - 591.5,
YJ
611184
N.W. 8 ST.
3. LEGAL DESCRIPTION
Miami A.L. Knowlton
B-41, Block 37N
Lots 1-24
4. ACREAGE
171,535 sq.ft.
3.94 acres
S. PROPOSED ZONING
Uses
Multifamily Residential
Commercial --Office, Retail
Floor Area Ratios
Residential 2.6
Commercial 0.4
Total 3.0
r
Parcel No. 31
6. PROPOSED MAXIMUM ALLOWABLE DEVELOPMENT
Approximate
No. of Units
Residential Square Footage 592,900 (593)
Commercial Square Footage 91,200
Total Square Footage 684,100
7. RECOMMENDED DEVELOPMENT PROGRAM
Residential Units 350
Commercial Square Footage 30,000 84-747'
84-746"
1 / 4 Page 29
pk
Parcel No. 37
$. REQUIRED DWELLING UNIT MIX*
1 Bedroom 401,
2 Bedrooms 40%
Other 20%
9. MINIMUM THRESHOLD FOR DWELLING UNIT SIZE*
Studios 400 Square Feet
1 Bedroom 600 Square Feet
2 Bedrooms 750 Square Feet
3 Bedrooms 850 Square Feet
10. PARKING REQUIREMENTS
1.0 parking space per residential unit
1.0 parking space for every 800 sq.ft. of net
leasable commercial space
�1
11. DEVELOPMENT RESTRICTIONS
-- To be developed under the provisions of the City
of Miami's Affordable Rental Housing Program if the
City is to provide funding for land acquisition.**
-- An additional setback of 25 feet may be required
-' along the 9th Street frontage.
-- Mandatory commercial along 9th Street frontage.
City will review alternative development proposals
(land use).
12. AVAILABLE FINANCIAL SUPPORT TO THE PROJECT
-- Land Lease (if developed under the Affordable Rental
Housing Program).
-- Tax-exempt construction and permanent financing
for construction of rental housing.
* For units developed under the Affordable Housing Program.
Developers are encouraged to propose larger units.
** The City will accept and review alternative uses for th44`7 4' '
parcel.
84 -7415,
6/1/84 Page 30
E. PARCEL 40. 44
1. LOCATION MAP
J LLLi i i i_U
� z i 2 aal
2. PARCEL MAP
6/1 84
W>
9
mw. 1 .7 1.
84-`7 zi
Page 31
Parcel No. 44
3. LEGAL DESCRIPTION
Miami A.L. Knowlton
8-41, Block 44N
Lots 1-13, 1644
4. ACREAGE
156,385 sq.ft.
3.59 acres
5. PROPOSED ZONING
Uses
Multifamily Residential
Commercial --Office, Retail
Floor Area Ratios
Residential 2.0
Commercial 2.0
Total 4.0
6. PROPOSED MAXIMUM ALLOWABLE DEVELOPMENT Approximate
No. of Units
Residential Square Footage 427,100 (427)
Commercial Square Footage 427,100
Total Square Footage 854,200
7. RECOMMENDED DEVELOPMENT PROGRAM
Resi denti al Uni is 300 ►-4
Commercial Square Footage 25,000 8
Page 32
6/1 / 44
8. REQUIRED DWELLING UNIT MIX
None
9. MINIMUM THRESHOLD FOR DWELLING UNIT SIZE
None
l
10. PARKING REQUIREMENTS
0.6 parking space per residential unit
1.0 parking space for every 1,000 sq.ft. of net
ti leasable commercial space
11. DEVELOPMENT RESTRICTIONS
-- Priority consideration will be given to proposals
which include homeownership housing.**
-- City will review alternative development programs.
12. AVAILABLE FINANCIAL SUPPORT TO THE PROJECT
-- Land Lease
-- Tax-exempt construction and permanent financing
for construction of rental housing.
-- Construction financing assistance for homeowner-
ship housing.
** The City will accept and review alternative uses for this 4 _,� 4
parcel. A
84--''�
6/1/84 Page 33
F. PARCEL NO. 45
1. LOCATION MAP
11 1 1 1 1 11
M.R. 10 ST.
AL
45
F-:: � T
.iMM METRORAIL RIGHT OF WAY
2. PARCEL MAP
N.W. a ST.
N
2t
r/ 1 —/84
6
5
4
3
2
1
45
7
8
9
10
11
12
292.5,
N.W. T 5T.
101
84-747-.
84-7 -c
Page 34
PAr el No. 45
3. LEGAL DESCRIPTION
Miami A,L. Knowlton
8-41, Block 45
Lots 1-12
4. ACREAGE
87,750 sq.ft.
2.02 acres
S. PROPOSED ZONING
Uses
Multifamily Residential
Commercial --Office, Retail
Floor Area Ratios
Residential 2.0
Commercial 2.0
Total 4.0
6. PROPOSED MAXIMUM ALLOWABLE DEVELOPMENT
Approximate
No. of Units
Residential Square Footage 245,000 (245)
Commercial Square Footage 245,000
Total Square Footage 490,000
7. RECOMMENDED DEVELOPMENT PROGRAM
Residential Units 100
Commercial Square Footage 25,000
6 7113 / 44
84-747 ..
84-'7 V
Page 35
1
8. REQUIRED DNELLINE
None
9. MINIMUM THRESHOL[
None
1.0. PARKING REQUIREMENTS
0.6 parking space per residential unit
1.0 parking space for every 1,000 sq.ft. of net
leasable commercial space
11. DEVELOPMENT RESTRICTIONS
Priority consideration will be given to
proposals which include homeownership housing.
12. AVAILABLE FINANCIAL'SUPPORT TO THE PROJECT
-- Land Lease
-- Tax-exempt construction and permanent financing
for construction of rental housing.
-- Construction financing assistance for homeowner-
ship housing. S11--747"
6/1/84 Page 36
PARCEL NO. 4_6
1. LOCATION MAP
LL��Lul
25 I I 24
IT. -7 2
7
37
36
m,
46 c
55g.
Tin; SAIL RIGHT Of WAY
2. PARCEL MAP
ttvL a ST.
11
10 9 7 6 5 2 1 uj
ui
z * 46
to 7
3� z
z 5 616 IT a 19 20
4 3 z
N.VL 7 ST
84..�74
5,.-'7 "Vr
Page 37
3. LEGAL
Miami A.
B-41, B-
Lots 1-:
4. ACREAG
147,750
3.39
5. PROPOSED ZONING
Uses
Multifamily Residential
Commercial --Office, Retail
Floor Area Ratios
Residential 2.6
Commercial 0.4
Total 3.0
6. PROPOSED MAXIMUM ALLOWABLE DEVELOPMENT
Approximate
No. of Units
Residential Square Footage 500,500 (501)
Commercial Square Footage 77,060
Total Square Footage 577,560
7. RECOMMENDED DEVELOPMENT PROGRAM
Residential Units 200
Commercial Square Footage 0
61 4
84-'74:
84-'74 6
Page 38
Parcel No. 46
8. REQUIRED DWELLING UNIT MIX
None
9. MINIMUM THRESHOLD FOR DWELLING UNIT SIZE
None
10. PARKING REQUIREMENTS
1.0 parking space per residential unit
1.0 parking space for every 800 sq.ft. of net
leasable commercial space
11. DEVELOPMENT RESTRICTIONS
-- Priority consideration will be given to proposals
which include homeownership housing.
12. AVAILABLE FINANCIAL SUPPORT TO THE PROJECT
-- Land Lease
-- Tax-exempt construction and permanent financing
for construction of rental housing
_ -- Construction financing assistance for homeowner-
,. ship housing.
6/1/84
84-74 r
84--'746*
Page 39
0
Ul
6/1/84
H. PARCEL NO. 55
1. LOCATION MAP
lit56
N.A. 1T. ._. _. _.._..._ .._._. _..
it
•@NM- METRORAII RIGHT OF WAY
2. PARCEL MAP
ui
a
3
Z
N.W. 7 ST.
10
9
8
7
6
5
4
3
2
1
55
11
12
13
14
15
16
17
18
19
20
�492.5�
84-'74 y
84-'74C
?age 40
Ak
6/28/84
Parcel No. 55
3. LEGAL DESCRIPTION
Miami A.L. Knowlton
B-41, Block 55N
Lots 1-20
4. ACREAGE
147,750 sq.ft.
3.39 acres
S. PROPOSED ZONING
Uses
Multifamily Residential
Commercial --Office, Retail
Floor Area Ratios
Residential 2.0
Commercial 2.0
Total 4.0
6. PROPOSED MAXIMUM ALLOWABLE DEVELOPMENT
Approximate
No. of Units
Residential Square Footage 385,000 (385)
Commercial Square Footage 3851000
Total Square Footage 770,000
7. RECOMMENDED DEVELOPMENT PROGRAM
Residential Units 200
Commercial Square Footage 0
84-74
84-` 4C
Page 41
Parcel No. 55
8. REQUIRED DWELLING UNIT MIX
None
9. MINIMUM THRESHOLD FOR DWELLING UNIT SIZE
None
10. PARKING REQUIREMENTS
AM� 1.0 parking space per residential unit
1.0 parking space for every 1,000 sq.ft. of net
leasable commercial space
r
11. DEVELOPMENT RESTRICTIONS
-- Priority consideration will be given to proposals
which include homeownership housing.
12. AVAILABLE FINANCIAL SUPPORT TO THE PROJECT
-- Land Lease
-- Tax-exempt construction and permanent financing
for construction of rental housing.
-- Construction financing assistance for homeowner-
Ar housing.
84--74C
6/1/84 Page 42
PARCEL NO. 56
I. LOCATION MAP
,J 1 (III 1 I I 1 1�-' n
M.R. 17 �T25
•.r, a er_^T
-4MW METRORAII RIGHT OF WAY
2. PARCEL MAP
NW- T Sr
6
5
4
56
9
3
10
2
1
T
8
11
12
292-5, 1
KW. 6 ST.
6/1/84
V
mm
84-'74 1 .
84-'7,11"
Page 43
Parcel No. 56
3. LEGAL DESCRIPTION
Miami A.L. Knowlton
B-41, Block 56
Lots 1-12
4. ACREAGE
87,750 sq.ft.
2.01 acres
5. PROPOSED ZONING
Uses
Multifamily Residential
Commercial --Office, Retail, Hotel
Floor Area Ratios
Residential 2.0
Commercial 2.0
Total 4.0
6. PROPOSED MAXIMUM ALLOWABLE DEVELOPMENT
Approximate
No. of Units
Residential Square Footage 245,000 (245)
Commercial Square Footage 245,000
Total Square Footage 490,000
7. RECOMMENDED DEVELOPMENT PROGRAM
Residential Units 0
Commercial Square Footage 100,000
61/4
84--747. .
84-746
Page 44
Parcel No. 56
8. REQUIRED DWELLING UNIT MIX
None
9. MINIMUM THRESHOLD FOR DWELLING UNIT SIZE
None
10. PARKING REQUIREMENTS
•0.6 parking space per residential unit
1.0 parking space for every 1,000 sq.ft. of net
leasable commercial space
11. DEVELOPMENT RESTRICTIONS
None
12. AVAILABLE FINANCIAL SUPPORT TO THE PROJECT
-- Land Lease
-- Tax-exempt construction and permanent financing
for construction of rental housing.
-- Construction financing assistance for homeowner-
ship housing.
84-'74 ".
84--746
/1 4 Page 45
IV. Proposal Format And Legal Requirements
IV. PROPOSAL FORMT AND LEGAL REQUIRIEWNTS
A. The CITY OF MIAMT CNARTH Section 53(c) provides the following:
UNIFIED DEVELOPMENT PROJECTS
ncafi ni Minn
Unified development project shall mean a project where
an interest in real property is owned or is to be
acquired by the city, and is to be used for the devel-
opment of- improvements, and who-rc. the commission deter-
mines that for the development of said improvements it
is most advantageous to the city that the city procure
from a private person, as defined in the Code of the
City of Miami, one or more of the following integrated
packages:
(i) Planning and design, construction, and leasing;
or
40 (ii) Planning and design, leasing, and management; or
(iii) Planning and design, construction, and
management.
So long as the person from whom the city procures one
of the above mentioned integrated packages provides all
of the functions listed for that package, such person
need not provide each listed function for the entire
unified development project nor for the same part of
the unified development project.
Requirements of Requests for Proposals
Requests for proposals for unified development projects
shall generally define the nature of the uses the city
is seeking for the unified development project and the
estimated allocations of land for each use. They shall
also state the following:
(i) The specific parcel of land contemplated to be
used or the geographic area the city desires to
develop pursuant to the unified development
project.
Hi The specific evaluation criteria to be used by
F the below -mentioned certified public accounting
fi rm. 84 -"74 d
6/1/84 Page 46
4&
4W
(iii) The specific evaluation criteria to be used by
the below -mentioned review committee.
(iv) The extent of' the cii;y' proposcd corm itment of
funds, property, and services.
(v) The definitions of thy^ ter„ �s .rah sta.nti al
increase" and "material ai tern t ion" that will
apply to the project pursriant to srihsection
(e)(iv)hereof.
(vi) A reservation of the right to reject all pro-
posals and of the right of termination referred
to in subsection (e)(iv), below.
Issuance of Request for Proposals; Selection
of C.P.A. Firm; Appointment of Review Committee
After public notice there shall be a public hearing at
which the commission shall consider:
(i) The contents of the request for proposals for
the subject unified development project;
(ii) The selection of a certified public accounting
firm, which shall include at least one member
with previous exper•lence in the type of devel-
opment in question;
(iii) The recommendations of the City Manager for the
appointment of persons to serve on the review
committee. Said review committee shall consist
of an appropriate number of city officials or
employees* and an equal number plus one of mem-
bers of the public, whose names shall be submit-
ted by the City Manager no fewer than five days
prior to the above mentioned public hearing.
At the conclusion of the public hearing the commission
shall authorize the issuance of a request for
proposals, select a certified public accounting firm,
and appoint the members of the review committee only
from among the persons recommended by the City Manager.
Procedure for Selection of Proposal
The procedure for the selection of an integrated pack-
age proposal shall be as follows:
a e ounty officials or employees shall also be
appointed.
I
6/1 84 Page 47
�s.
(i) All proposals shall be analyzed by a certified
public accounting firm appointed by the commis-
sion based only on the evaluation criteria
applicable to said certified public accounting
firm contained in the request for proposals.
Said certified public accounting firm shall
render a wri ttrn r-port of its findings to the
City Manager.
The review committee shall evaluate each pro-
posal based only on the evaluation criteria
applicable to said review committee contained in
the request for proposals. Said review commit-
tee shall render a written report to the City
Manager of its evaluation of each proposal,
including any minority opinions.
(iii) Taking into consideration the findings of the
aforementioned certified public accounting firm
and the evaluations of the aforementioned review
committee, 'tie City Manager shall recommend one
or more of the proposals for acceptance by the
commission, or alternatively, the City Manager
may recommend that all proposals be rejected.
If there are three or more proposals and the
City Manager recommends only one, or if he
recommends rejection of all proposals, the City
Manager shall state in writing the reasons for
his recommendation.
In transmitting his recommendation or recom-
mendations to the Commission, the City Manager
shall include the written reports, including any
minority opinions, rendered to him by the afore-
mentioned certified accounting firm and review
committee.
(iv) All contracts for unified development projects
shall be awarded to the person whose proposal is
most advantageous to the city, as determined by
the commission.
The commission may accept any recommendation of the
City Manager by an affirmative vote of a majority of
its members. In the event the commission does not
accept a proposal recommended by the City Manager or
does not reject all proposals, the commission shall
seek recommendations directly from the aforementioned
review committee, which shall make a recommendation or
recommendations to the commission taking into account
the report of the aforementioned certified public
accounting firm and the evaluation criteria specified
for the review committee in the request for proposals.
6/1/84 Wage 48
F]
C)
After receiving the direct recommendations of the re-
view committee, the commission shall by an affirmative
vote of a majority of its mem?ers:
(1) Accept Any ; rcnmi —nda iJ on of the rev-, efd committee;
or
(2) Accept_ any previous recommendation of the City
Manager; or
(3) Reject all proposals.
Execution of Contracts
All contracts for unified development projects shall be
signed by the City Manager or his designee after
approval thereof by the commission. . . . The provi-
sions of this charter section shall supersede any other
Charter or Code provision to the contrary.
B. Definition of Uses
Each proposal must fulfill the objectives of the Southeast Over-
town/Park West Community Redevelopment Plan for that parcel, which
is included within the development restrictions delineated in
Section III of this document, and must be in accordance with the
November 1983 economic feasibility study by Hammer, Siler, George
Associates.
Proposals must present a definitive development program, project
definition, site plan and design concept, financial strategy and
feasibility and a guaranteed time of completion schedule that can
be realistically evaluated under the requirements of this Request
for Proposal to fora the basis for selection by the City.
C. Commitment of Services by the City
Service such as police and fire protection, equal to those pro-
vided any private development within the City of Miami, shall be
provided by the City. All additional security, etc., shall be the
responsibility of the developer. The developer will be expected
to pay all taxes on all land and improvements.
84-74:
84--'749
6/1/84 Page 49
0
6 1/84
As required by Item (e)(iv) of Charter Section 53A "substantial
increase" shall be defined as a 10' increase to the City's pro-
posed commitment- of funds, property and/or services and "material
alteration" shall be defined as failure to comply with all aspects
of the proposal except as specifically permitted in writing by the
city manager.
84 4'' ,
84-74f
Page 50
V. Proposal Submission Guidelines And Format
WOR
V. PROPOSAL SUBMISSION GIIIDFLINES AND FORMAT
A. Proposal Develofmf-nt Consideraticns
Respondents to this Invitation are advised that the following
factors must be considered and adhered to in the development of
Project Proposals and will be critically evaluated.
1. Project Density
Section III indicates the recommended number of dwelling
units and amount of commercial space acceptable for each
Project Development Site. A greater number of housing and
amount of commercial space may be proposed.
2. Dwelling Unit fix
Proposals must conform to the dwelling unit mix for each
parcel if specified in Section III.
3. Dwelling Unit Size
Proposals must conform to minimum dwelling unit size if spec-
ified in Section III. All development parcels must adhere to
the South Florida Building Code. Quality of development is
to be evaluated in the overall project design criteria
I evaluation.
4. Dwelling Unit Amenities
Dishwashers, trash compactors and balconies, etc. are con-
sidered amenities for the purpose of proposal development.
Ranges, refrigerators, and air conditioning units are con-
sidered essential unit operating fixtures.
5. Project Amenities
Preliminary cost estimates must be furnished for major pro-
ject amenities (i.e. swimming pools, play grounds, recrea-
tion rooms, etc.). 84, ��.
.1 °-
6/1/84 Page 51
'_%h /.�_l
6. Parking Requirements
Respondents should not anticipate variances from City of
Miami off-street parking requirements. All required parking
should be located in a parking structure.
7. Project Rent Schedule
The City of Miami has determined that low- and moderate -
income families should pay no more than 30h of gross income
for rent, inclusive of basic utilities. This should be
considered a guide in determining rent levels. therefore,
respondents should consider average per unit utility costs
in calculating proposed rent schedules. Respondents are
encouraged to contact local utility companies for information
on average per unit utilities operating costs.
8. On -Site Improvements
Respondents should calculate the cost of on -site improvements
(i.e., peripheral sidewalks, curb cuts, etc.) in developing
project cost estimates. Respondents for development sites 24,
25, 36, and 37 should, for purposes of this proposal, assume
that all costs associated with the construction of the 9th
Street Mall will be funded from other funding sources.
9. Project Development Sites
Section III provides key information on the project develop-
ment sites. Respondents should propose lease payment terms.
10. Project Timing
Respondents should submit a schedule delineating their pro-
posed development schedule and project phasing. Development
should commence within six months from the transfer of the
land to the developer through the lease agreement. A rever-
sion clause will be included within the lease agreement
between the City and the developer to insure reasonable com-
pliance with the proposed implementation schedule.
84-- 0 �I *
84- , -16'
6/1/84 Page 52
;a
11. Minority Participation
48
The City of Miami and Dade County have established minority
participation goals for the Southeast Overtown/Park Test
Redevelopment Flan. The goals were incorporated in the
redevelopment plan approved by hot:h the City and County.
The following goals have been established for the Overtown
portion of the project.: area, which is represented by parcel
numbers 25, 36, 45, 46, 55, and 56:
-- 5070 equity investment goal in project development;
-- 50% black construction goal in City sponsored
activities;
-- 25% black contracting goal overall;
-- 50% black construction hiring goal; and a
-- 60% black retail space ownership goal.
The following goals have been established for the Park West
portion of the project area, which is represented by parcel
numbers 24, 37, and 44:
-- 25% black construction goal in City sponsored
activities;
-- 25% black contracting goal;
-- 25% black construction hiring goal; and a
-- 25% black retail space ownership goal.
Respondents will be required to comply with all applicable
federal, state and local fair housing and affirmative action
legislation and regulations, including City of Miami Code
Section 18-73, and City of Miami Resolution No. 83-297
adopted April 6, 1983, and Dade County Ordinance (see
appendix). Respondents are advised that legislation is pend-
ing before the Miami City Connission which may amend the
aforementioned section of the City Code.
The Miami City Commission and Dade County Commission have
created a Property Owners' Equity Participation Plan (see
appendix) for parcels purchased through a grant from the
8
6/1/84 4�-`7`�
Page 53
S : 1` '
United States Department of Transportation, Urban Mass
Transit Administration. The purpose of this equity plan is
to provide development opportunities to large ser.ments of
the population t.h ,t, because, of race. Jere excluded from
participating in urban devni npri-n ;. kn i tbi n t:he City of Miami
in prior year,. Thp Plan affected srm^nts of the
population to p.nrti ci pai:e by giving priority to onn of the
evaluation criteria iised in malting a srlection of a final
developer for each parcel. A 507, Black Equity Investment
Goal has been established for the UM TA parcels. The equity
plan must be adhered to for development of parcels 45, 46,
55, and 56.
Minorities are expected to be an integral part of the devel-
opment team, participate substantially in construction
contracts and jobs, and comprise a significant part of the
permanent management team, as well as all businesses and
work force created by tie dc-cloprnert_
While minority equity participation is not a requirement for
parcels outside the UMTA area defined above, true equity
positions with local minority partners ( not rent-a-ci ti zens )
will be viewed favorably in the evaluation of proposals.
12. Project Financing Strategy
The proposer is expected to provide financing for all build-
ing and site improvements including public spaces and ancil-
lary amenities associated with the development. Development
on parcels 24 and 37 that do not entail development under the
Affordable Housing Program must provide funding for land
acquisition and relocation.
City -owned
property is
held in public trust and
cannot be
mortgaged
or subordinated
in any way as a part of the lease
agreement.
The City
is prepared, however, to
accept the
secondary
position of
lease payments, a form of
subordina-
tion, to the extent determined
to be reasonable
in helping
the successful
proposer
obtain financing.
The term of the lease agreement between the successful pro-
poser and the City of Miami should be reasonably related to
the financing strategy. All improvements upon the site will
revert to ownership by the C i ty of Miami at the expiration of
the lease term. The proposed term of the lease agreement
will be one of the factors considered in the evaluation of
proposals. Development proposals incorporating UDAGs and
f
6/1/84 Page 54
0
00
other federal assistance programs should include two finan-
-� cial strategies; one utilizing the federal program, and one
withorat federal assistance.
6/1/84
13. Land Lease
All parcels are offered only for lease on a long-term basis
to developers and will be freely assignable to condominium
associations in accordance with Florida Statutes and, with
City approval, to other qualified entities after the comple-
tion of all phases of construction, development, and leasing
of the project:.
14. Redevelopment Area
Proposers are advised that all development sites are part of
the Southeast Overtown/Park West Redevelopment Area. All
development must be in accordance with the development cri-
teria as specified in the redevelopment plan dated December
1982. All dispositions of real property, either by lease or
sale, within the redevelopment area must be in accordance
with Florida Statute 163.380.
15. Parking
Parking requirements for each parcel may be met by obtaining
the participation and cooperation of the Department of Off -
Street Parking. The Department will consider any parking
proposal and could enter into a separate negotiation with the
developer. The Department will expect the developer to enter
into a "Capital Lease" to insure an annual rental payment
from the developer in an amount equal to the debt service,
operation, management, and maintenance cost less the operat-
ing revenue of the facility. Developers would then be able
to utilize the tax benefits of the facility, obtain a lower
interest rate for financing of the facility, and share in net
revenues at the time the facility operates profitably.
16. Contract Terms
Section IX provides numerous contract terms that the proposer
must incorporate when making a proposal. Proposers must pro-
vide specific suggested clauses for inclusion into the lease
with the City.
Page �
The eventual contract negotiated between the successful
proposer and the City may incorporate any other terms,
conditions and benefits for the City that the City, in its
Judgement, may seek to include by way of negotiation.
17. Timetable
The timetable for completion of the proposed construction
will be considered as a factor in the evaluation of pro-
posals. All proposed development must be bonded to insure
completion within the specified time period; or if phased
development is proposed, the proposer must post a bond to
insure that additional phases will, in fact, take place as
planned.
B. Proposal Format
A separate submission is required for each site being proposed.
Proposals submitted in response to this invitation must include
the following information:
1. Credentials
(a) Identity of respondent, including respondent's
organizational structure and names and addresses
of principals.
(b) Respondent's experience in residential and com-
mercial development referencing specific projects
and respondent's role.
W Evidence of respondent's financial capacity to
undertake the project(s) proposed.
2. Project Proposal
Respondents to this Invitation may submit proposals for one
or more of the project development sites identified in
Section III.
For each project proposal submitted, the following informa-
tion must be included:
(a) Project site plan (preliminary)
84-'7:1tr .
84-'74(T
6/1/84 Page 56
(b) Project elevation (preliminary)
(c) Project floor plan., (preliminary)
(d) Schedule of d�,mllinq i+nit amenities, if applicable
(e) Schedule of project amenitics, if any
(f) Proposed rent schedule and annual rental escala-
tion proposed or proposed ;ale price if applicable
(g) Project management plan
(h) Project development and operating pro forma
including proposed lease payments
(i) Project implementation schedule
(j) Project advertisement and promotion
3. Additional Requirements
In addition, proposals must include the following:
(a) Financial Disclosure and Professional Information
as detailed in Section VII of this document.
(b) A detailed response, including proposed contrac-
tual language, to all aspects of the General Con-
tract Terms as detailed in Section IX of this
document.
(c) The dollar amounts for minimum annual payments to
the City.
(d) A schedule including all steps of planning and
design, construction, and operation, including any
proposed future expansion.
(e) Letters from financial institutions documenting
the proposer's ability to finance the proposed
development.
(f) Letters indicating the proposer's ability to
obtain required bonds and insurance.
(g) Letters documenting the proposer's past experience
in related development and management.
84-'74'0 . .
84r74C
6/1/84 Page 57
rl
E7
6/1/84
Mk
(h) Resumes of key individuals to be involved.
(i) Documentation of minority participation pursuant
to City of Miami and Dade County requirements.
The proposers are expected to make all disclosures and decla-
rations as requested and to deliver along with the proposal a
cashier's check for S5,000 for each parcel which shall be
non-refundable to the successful proposer. These funds are
intended to cover expenses incurred by the City in preparing
and issuing this Request For Proposals and evaluating the
proposals received. If such expenses exceed S5,000 for each
parcel, the successful proposer shall provide funding for the
additional expenses.
Section VI11 includes forms that must be submitted along with
the development proposal. Thirty (30) copies of each pro-
posal are required (information requirements are delineated
in Sections VI, VII, and VIII).
86j-747
84r- %4C
Page 58
No
VI. EVALUATI0N PROCEDURE
Review procedures and the selection process are set by City Charter
and Code, of which applicable excerpts are included in the appendix to
this document.
The City
of Miami Commission, consisting of five
elected
officials,
including
the Mayor, will recommend the successful
proposer
based on
the recommendation of the city manager or of the
Review
Committee.
The Oade
County Commission shall make the final selection,
and shall
select a
developer that first has been approved
by the
Miami City
Commission.
At a public hearing held June 14, 1984, the City Cormnission authorized
the city manager to issue this Request for Proposals and at that sa�mne
hearing appointed a Review Committee from recommendations submitted by
the city manager and further selected a Certified Public Accounting
firm, both to evaluate submitted proposals. The Board of County
Commissioners approved this Request for Proposals on June 19, 1984.
The review committee established by the City Commission at the public
hearing will make recommendations to the city manager regarding pro-
posers' qualifications and experience. The conni ttee has the author-
ity to recommend none of the bids if it deems them not to be in the
best interest of the City of Miami. However, the Committee shall have
to explain its reasons for such a decision.
A. Evaluation Criteria
The following specific evaluation criteria matrix shall be used by
the Review Committee for each parcel as applicable:
1. Experience of the development team, including
specific experience on similar projects .............. 15
2. Financial capability, level of financial commitment* ... 20
3. Financial return to the City ........................... 10
4. Overall project design ................................. 20
S. Extent of minority participation (Latin/Black) ......... 20
6. Conformance to the recommended development program ..... 15
7. Proposals for contiguous parcels, maximum bonus points 15
S. Priority ranking developers --
UMTA Parcels 45, 46, 55, and 56, maximum bonus points 15
*For UMTA parcels 45, 46, 55, and 56, also included in the
financial return is consideration of the type of equity
participation plan offered to former property owners. 84$�/�
r746
6/1/84 Page 59
.A
r"'~-1%1
Proposers are encouraged to have their proposals conform to the
following factors will be utilized by the Review Committee in
evaluating the proposals:
1. THE EXPERIENCE OF THE DEVELOPMENT TEAM, INCLUDING
SPECIFIC EXPERIENCE. ON SIMILAR DEVELOPMENTS
(a) Qualifications and experience of project leaders,
team members, and consultants.
(b) Specific experience of the development team in
relationship to work on primary housing, condomin-
iums, and cnm3nercial developments.
(e) Quality and organization of management team, mar-
keting strategy, tenant mix if applicable, methods
of providing maintenance, and special security
arrangements, etc.
2. FINANCIAL CAPABILITY, LEVEL OF FINANCIAL COKw1ITT1ENT
ti
,1
(a) Financial capability of the team, including the
equity commitment, financing strategy, access to
construction and permanent financing, and the
demonstrated ability of meeting the objectives of
providing moderate —income housing.
6/- 1/84
3. FINANCIAL RETURN TO THE CITY AND EQUITY POSITIONS TO FORMER
PROPERTY OWNERS (Equity positions to former property owners
pertain only to UMTA parcels 45, 46, 55, & 56.)
(a) Annual lease payment to the City for the first
five years of the lease.
(b) Annual lease payment to the City for years six
through the end of the lease term, including min-
imum guarantees, an inflation factor, and, where
property is to be used for rental housing, a
percent of net operating income must be included.
(c) Any additional financial benefit to the City.
(d) Lease Term
134~ `47-
84-7`
Page 60
U
ri
I
(e) Contract Terms
(f) The terms and amounts of equity positions to be
offered to former property owners of the site
being developed in accordance with the Equity
Participation Flan for parcels 45, 46, 55, and 56.
4. OVERALL PROJECT DESIGN
(a) Innovative and imaginative siting of facilities.
(b) Innovative and imaginative design features.
(c) Security, energy efficiency, accessibility for the
_ handicapped, imaginative and creative use of
graphics, lightingi landscaping, water features,
public spaces and pedestrian areas.
(d) Project density, unit mix, dwelling unit size,
amenities, and on site improvements.
(e) Timetable for completion of the proposed
construction.
(f) Fulfillment of the established development objec-
tives of the City and County.
S. EXTENT OF MINORITY PARTICIPATION (LATIN AND BLACK)
(a) Minority participation within the development and
management team.
(b) Contracting and hiring practices during the con-
struction phase.
(c) Special business development opportunities for
minorities, hiring outreach and training oppor-
tunities in relation to operation and maintenance
of facilities, etc.
6. CONFORMANCE TO THE RECOMMENDED DEVELOPMENT PROGRAM
All proposals that meet or surpass the recommended
Phase I development program as delineated in Section
III, including types of land uses and development
densities.
84~-746"
6/1/84 Page 61
1
6 1/ 4
7. PRIORITY RANKING OF DEVELOPERS
(UMTA PARCELS 45, 46, 55, & 56)
(a) The ?Miami City Commission and the Dade County Com-
mission have rcquired that, former property owners
and other designated; groups receive priority rank-
ing for the UMTA area in the rival uati on of their
proposals upon competitive compliance with the
Request For Proposal ( RFP) . Former property own-
ers were offered the right to prequalify for this
priority by submitting a Request For Qualification
Application (RFO).
( b) The Selection Corxni ttee will evaluate all propos-
ers for parcels in the UMTA area according to the
following priority ranking and will grant up to 20
bonus points to:
(i) Former property owners who have prequali-
fied for priority ranking under the RFQ
process (up to 20 bonus points);
(ii) Former property owners for development of
parcels which encompass their former prop-
erty (up to 15 bonus points);
(iii) Prequalified investment groups composed of
a minimum of 50% former property owners
from the four -block area (up to 15 bonus
points);
(iv) Investment groups composed of a minimum of
50% former property owners from the four -
block UMTA area (up to 15 bonus points);
(v) Community Based Organizations (up to 10
bonus points);
(vi) Responsive black developers (up to 10
bonus points);
(vii) Joint ventures which include black devel-
opers (up to 5 bonus points); and
(viii) Other (0 points).
84-'747. .
84-746'
Page 62
A
6/1 84
8. PROPOSALS FOR CONTIGUOUS PARCELS
(a) Bonus points to a maxirmim of 15 points will be
given to each dpvel npm�int proposal that is sub-
mitted by a devnInpr-r for contigtious parcels.
(b) Each develoamemt proposal to qualify for bonus
points must ho determined by the Review Committee
to meet the objectives of the redevelopment
program.
(c) Bonus points shall be awarded based on the
following schedule:
2 to 3 Parcels ...... 5 points
4 to 6 Parcels ...... 10 points
7 to 9 Parcels ...... 15 points
84-''74'7
84-°74 6'
Page 63
Howard V. Gary
City Manager
City of Miami, Florida Submitted 1984
The undersigned, as proposer, declares that the only persons
interested in this proposal are named herein, that no other person has
any interest in this Proposal or in the Agreement of Lease to which
the Proposal pertains, that this Proposal is made without connection
or arrangement with any other person and that this Proposal is in
every reSDV('t fair, in faith, and ;: i thout CO i i u-. i uri Or rraU .
The proposer further declares that he has complied in every respect
with all of the instructions to proposers, that he has read all
addenda, if any, and that he has satisfied himself fully with regard
to all matters and conditions with respect to the Lease to which the
proposal pertains.
The proposer agrees, if this Proposal is accepted, to execute an
appropriate Lease Agreement for the purpose of establishing a formal
contractual relationship between the proposer and the City of Miami,
Florida, for the performance of all requirements to which this
Proposal pertains.
The proposer states that this Proposal is based upon the Proposal
Documents and addenda, if any.
Nave of firm, Individual, or Corporation
Signature Signature
Title Title
ar �
El`��
? 6/1/84 g
Financial Disclosure And Professional Information
84„''7 47
84—'740;
YIII. Ffl WIAL DISCLOSURE AND PROFESSIONAL INFORMATION
6/1/84
PROPOSER`5 QUESTIONNAIRE
A proposal for the development and management of the Project shall
not be considered unless all the information requested in this ques-
tionnaire is provided by the proposer. Statements must be complete
and accurate. Omission., inaccuracy or misstatement shall be cause
for rejection of a proposal.
Statements and answers relating to each question in this
questionnaire may be answered on the page on which the question is
found or by attaching 8.5 x 11" supplemental sheets. Photographs or
other illustrative materials should be placed in an envelope or bound
into the proposal and identified by the proposer's name and address
and the page number of the questionnaire to which the supplemental
material is applicable.
By submission of a proposal, the proposer acknowledges and agrees
that the City of Miami has the right to make any inquiry or investi-
gation it deems appropriate to substantiate or supplement information
contained in this questionnaire and authorizes the release to the
City of any and all information sought in such inquiry or investiga-
tion.
If an independent general contractor, construction manager and/or
operational manager is to be involved, then the applicable pages of
this questionnaire should be completed for each such entity,
84-'747
"Page
E
PROPOSER
Name:
Address for purposes of notice or
other communication relating to the proposal:
Telephone No. ( )
The proposer is a: ( ) Sole Proprietorship;
( ) Partnership;
( ) Corporation; or
( ) Other (explain below)
6/1/84
84--'7 47
`P�ge �60
PARTNERSHIP STATEMENT
If proposer is ,a partnership, answer the following:
1. Date of Omani iati on
2. General Parta�n-rshin ( )
Limited Partncr_hin ( )
3. Stater?cnt of Partnership recorded? Yes ( ) No
Date Book Page County State
4. Has the partnership done business, in the State of Florida?
Yes ( ) No ( ) When ?
Where?
S. Name, address, and partnership share of each general and limited partner.
(If partnership is a corporation complete the following page for
rnrnnratdnn l
General/
Limited Name
Address Share
6. Attach a complete copy of the Partnership Agreement.
6/1/84
84- 7412. _
8 age 67
CORPORATION STATEMENT
If proposer is incorporated, answer the following:
I.. When incorporated?
2. Where incorporated? _
3. Is the corporation outhori Loci to do business in Florida?
Yes ( ) "lo ( )
4. The corporation is held: Publicly ( ) Privately ( )
5. If publicly held, hoes and where is the stock traded?
6. List the following:
Authorized Issued Outstanding
(a)Number of voting shares:
(b)Number of non -voting shares:
(c)Number of shareholders:
(d)Value per share of Common Stock:
Par S
Book S
Market S
7. Furnish the name, title, address and the number of voting and non -voting
shares of stock held by each officer and director and each shareholder
owning more than 5" of any class of stock. If more than 5% of any class
of stock is held by one or more corporations, then each owner -corporation
must also complete separate pages (type corporation name on said pages and
for identification purposes) and furnish the financial statement required
on page.
If said owner -corporations are owned by other corporations, then these
other corporations must also complete separate pages (type corporation
name on said pages for identification purposes) and furnish the financial
statement required on page. The City requires information on all
corporations that directly or indirectly have an ownership interest in
the proposer -corporation.
8. If an individual or corporation will be guaranteeing performance of the
proposer -corporation, state name here
and also complete pages and
if corporation ype corporation name on said pages for identification
purposes), furnish financial statement required on page for the individual
or corporate guarantor.
6/1/84
84-746'
Page 68
A
PROPOSER'S EXPERIENCE STATEMENT
Describe in detail the duration and extent of your business experience with
primary residences, condominiums, public housing, and commercial development.
Also state in detail the names and pertinent experience of the persons who
will be directly involved in development and management of the business. List
the names and locations of currently owned cormerr,ial real estate and your
percentage ownership, and any such facilities currently managed by you. In
addition, please also provide photographs or other illustrative material
depicting projects that will demonstrate your ability to complete. a quality
development for the Project. The name and address should be given for each
project identified as well as persons familiar with the development who will
respond to inquiries from the City. You should also identify your specific
role in each project.
PROPOSER'S FINANCIAL DATA
Financial Statement
Proposer, owner -corporations of proposer, and any person or business entity
guaranteeing the performance of the proposer must attach a complete report,
prepared in accordance with good accounting practice, reflecting current
financial condition. The report must include a balance sheet and annual
income statement. The person or entity covered by the statement must be
prepared to substantiate all information shown.
Surety Information
Has any surety or bonding company ever been required to perform upon your
default? Yes ( ) No ( )
If yes, attach a statement naming the surety or bonding company, date, amount
of bond, and the circumstances surrounding said default and performance.
Bankruptcy Information
Have you ever been declared bankrupt? Yes ( ) No ( )
If yes, state date, court jurisdiction, amount of liabilities, and amount of
assets.
Pending Litigation
Provide on attached sheets detailed information regarding pending litigation,
liens, or claims involving any participant in the proposal.
6/1/84
84-I4
84-'74 C
Page 69
no
c�
PROPOSER'S REFERENCES
List four persons or firms with whom you have conducted business transactions
during the pa-,t three years. At least two of the references named are to
have knowie ft, of your debt payment history. At least one reference must be a
financial institirrion.
Reference No. 1
Name:
Firm:
Title:
Address:
Telephone: ( )
Nature and magnitude of purchase, sale, loan, business association, etc.:
Reference No. Z
Name:
Firm:
Title:
Address:
Telephone: ( )
Nature and magnitude of purchase, sale, loan, business association, etc.:
6/1/84
84-747 -
84-'7411r
Page 70
0
6i
LO
Reference No. 3
Name:
Firm:
Title:
Address:
Telephone: ! )
Nature and magnitude of purchase, sale, loan, business association, etc.:
Reference No. 4
r"4 Name:
Firm:
Title:
Address:
Telephone: ( )
Nature and magnitude of purchase, sale, loan, business association, etc.:
/1/84
84-7 .11':r . -
84 9'746
WJ
4
LO
W-A
PROPOSER'S ARCHITECT
Name, address and telephone number of architectural firm:
Name:
Street
Address:
Mailing
Address:
Telephone:
Names of
principals
and
their titles who will be chiefly responsible for the
planning
and design
of
the Project:
Name
Name
Name
Title
Title
Title
Names, addresses, and telephone number of other design consultants who will
have a major role in designing the Project.
Name of Firm
Street Address
Mailing Address Zip Code
( )
Telephone Number
Name of PrincipalContact
6/1/84
Name of Firm
Street Address
Mailing Address Zip Code
Telephone Number
Name of PrincipalContact
84 -`7 . i
84-` 45
Page 72
EXPERIENCE STATEMENT OF PROPOSER'S ARCHITECT
Describe in detail the duration and extent of ,your architectural experience
with Special emphasis upon expnr•iencn relatQd to primary residence, condo-
miniums, public housing and corm°ercial development. Also, state in detail the
names and pertinent. experience of the principals who will be directly involved
in designing the Project. In addition, please also includo photographs or
other illustrative material d€-pi cti ng projects that will demonstrate your
ability to design a quality development. for the Project. The nave and address
should be given for each project identified as well as for persons familiar
with the developmcnt who could respond to inquiries from the City. You should
also identify your specific role in each project.
REFERENCES OF PROPOSER'S ARCHITECT
List two persons or firms for whom you have completed projects during the past
three years.
Reference No. 1
Name:
Firm:
�1 Title:
Address: _
Telephone: ( )
Nature and magnitude of business association:
Reference No. 2
Name:
Firm:
Title:
Address:
Telephone: ( )
Nature and magnitude of business association:
6/1/84
84-'7' 4`i . .
84— l a6*
Page 73
PROPOSER'S CONTRACTOR OR CONSTRUCTION MANAGER
Name, address and telephone ntimber of contractor or construction manager:
Name:
Street
Address:
Mailing
Address:
Telephone: ( }
Names of principals and their titles who will be chiefly responsible for the
construction of the Project:
Name
Name
Name
Title
Title
Title
Names, addresses, and telephone number of other contractors who will have a
major role in construction of the Project.
Name of Firm
Street Address
Mailing Address Zip Code
)
Telephone Number
Name of Principal Contact
5/1/84
Name of Firm
Street Address
Mailing Address Zip Code
Telephone Number
Name of Principal Contact
84-747
84-74 b
Page 74
w
A
GER
CTOR OR CONSTRUCTION �`NA Pr1ence
QROPOSER'S CONTRA architec} exP
ENT OF of your residence
ST A7F and extent to pr�m.ary state in
EXPERIENCE durati on el a�i�'d �cl op '7 Al so,
Wince r - de , _ m--n ��h° will be
i n detail the eYperi _. erri �} i1 a1 s° include
i be hasi s upon and comet tt��' Pry nci P } ea.
Describe eci al emp hou si na ,eri enCe of ad.di ti on ,' that adi 11 The
with Fniums, publi 'rtinen� ex.i project' In ting PrOj�cts*he Protect•
condomin'
try nac��As an.. P de Sni ng ttje �tQri a} deP� c ment for well as for
detai volvrd in illustrative �'` aual�fiy devPl���ntified as ies from the
directly hs or other design `� each project and to �nqu ect•
photograp ability to . _n fort who could respond
prof
demonstrate y°uy role in
shoal d be level oPm._n eci f i c
name and address with the tify your sP
�_ familiar al So iden
person You should
city- MANAGER
ONTRACTOR OR CONSTRUCTION
IAA OATH FOR PROPOSE
F INANE ti n9
accouninclude a
wi The o port mustb
Statement ropared in accordancegoo
entity covered Y
Financial ort, P i al condition' te p,r information shown
complete rep ,nanc
tiny current f tatement al
Attach a reflecting incomes substantiate
practice, t must b prepared to
balance sheet and e
the statement f rm upon Your
Inf ormati on
Surety
or
Has any surety es
default?
If YeS' attach
the
of bond,
ever been required to Per o
company date, amount
b,ndi n No any
the surety ° d bonding
auI t and performance'
statement naming ding say
circumstances SurrOUn
Information
aankruptcy r been declared bankrupt?
Have You
eve
If yes, state date'
assets -
court Jurisdiction,
Pending
litigation
on attached sheets
provide claims involving
liens, or
Yes ( ) No ( 1
aunt of liabilities,
and amount of
regarding Pending
detailed information
nformat �° the proposal.
any Participant
1 i ti gati on ,
84, "7 47
84,146
page 15
REFERENCES OF PROPOSER'S CONTRACTOR OR CONSTRUCTTOM MANAGER
List two persons or firms with whom you have completed projects during the
past three years.
Reference No. I
Name:
Firm:
Title:
Address:
Telephone: ( )
Nature and magnitude of business association:
Reference No. 2
Name:
Firm:
Title:
Address:
Telephone: ( )
Nature and magnitude of business association:
6 / 1 //84
84-'74 C`
84--'746
Page 76
PROPOSER'S MANAGEMENT CONTRACTOR
Name, address and telephone number of management contractor:
Name:
Street
Address:
Mailing
Address:
Telephone: ( )
Names of principals and their titles who will be chiefly responsible for the
planning and design of the Project:
Name Title
Name Title
Name Title
Names, addresses, and telephone number of other design consultants who will
have a major role in designing the Project.
Name of Firm Name of Firm
Street Address Street Address
Mailing Address Zip Code Mailing Address Zip Code
Telephone Number
Name of Principal Contact
6/1/84
Telephone Number
Name of Principal Contact
84--7 i
84-7,16
Page 77
EXPERIENCE STATEMENT OF PROPOSER'S MANAGEMENT CONTRACTOR
Describe in detail the duration and extent of your management experience.
Also, state in detail the names and pertinent experience of the principals who
will be dir^ctly involved in the r,anaaenent of the Project. In addition,
please also include phn'-1--nqraT)h!q or other illustrative material depicting
projects that will demonstrate your ability t:o ,, Manage a quality development.
The name and address should be given for each projcct identified as well as
for persons familiar with the development, who could respcand to inquiries from
the City. You should also identify your specific role in each project.
FINANCIAL DATA FOR PROPOSER'S MANAGEMENT CONTRACTOR
Financial Statement
Attach a complete report, prepared in accordance with good accounting
practice, reflecting current financial condition. The report must include a
balance sheet and annual income statement. The person or entity covered by
the statement must be prepared to substantiate all information shown.
Surety Information
Has any surety or bonding company ever been required to perform upon your
default? Yes ( ) No ( )
If yes, attach a statement naming the surety or bonding company, date, amount
of bond, and the circumstances surrounding said default and performance.
Bankruptcy Information
Have you ever been declared bankrupt? Yes t ) No ( )
If yes, state date, court jurisdiction, amount of liabilities, and amount of
assets.
Pending Litigation
Provide on attached sheets detailed information regarding pending litigation,
liens, or claims involving any participant in the proposal.
6/1/84
84--74 r _
84-74C
Page 78
1
REFERENCES OF PROPOSER'S MANAGEMENT CONTRACTOR
List two persons or firms for whom you have completed projects during the past
three years.
Reference No. 1
Name:
Firm:
Title:
Address. -
Telephone: ( )
Nature and magnitude of purchase, sale, loan, business association, etc.:
Reference No. 2
Name:
Firm:
Title:
Address:
Telephone: ( )
Nature and magnitude of purchase, sale, loan, business association, etc.:
6/1/84
84-74
Page 79
01
PROPOSER'S PROJECT SUMMARY FORM
A. Parcel No.
B.. Development Team:
C. Proposed Development Program:
1. Number of Owel 1 i ng Uni is _____---
2. Covmercial Square Footage
3. Number of Parking Spaces
4. Open Space Square Footage
D. Dwelling Units:
..�. 1. Dwelling Unit Mix:
1 Bedroom %
2 Bedroom %
3 Bedroom %
Other %
Z, Dwelling Unit size:
Average Studio
Average 1 Bedroom
Average 2 Bedroom
Average 3 Bedroom
Other
3. Dwelling Unit Amenities:
4
Square Feet
Square Feet
Square Feet
_ Square Feet
Square Feet
84-747
84-`7 4 5*
Page 80
E. Project Amenities:
F. Average Project Sale Price and/or Rent Schedule:
1. commercial: S�
Per Square Foot
71
2. Dwelling Unit:
Per
Total Sq.Ft.
Studio $___ S
1 Bedroom-
2 Bedroom-
3 Bedroom
other
G. Project Financing Strategy:
1. Proposed Land Lease Terms:
2. proposed utilization of Public Programs:
6 /_/ /r4
84- 745
Page 81
S -1 i 7
3. Proposed Private Investment:
I -
H. Minority Participation:
1. Black Equity Investment %
2. Proposed Black Construction Hiring %
3. Proposed Black Contracting %
I. Name, Location, and Dollar Value of Other Development Projects Completed:
J. Pertinent Previous Experience:
6/1/84
84-745
Page 82
8 4 "--'747
IX. General Contract Terms
r
s
iv
11
IX.
6/1/84
Upon authorization of the City Commission, the city manager shall
negotiate all aspects of a lease agreement including planning and
design, construction. and management with the successful proposer.
The contract shall address, but not be limited to, the following
topics:
1. LEASE TERM
2. RENT
Annual Rental Payments for First 5 Years; Payments Thereafter
Entire Premises
Payment Schedules
Right to Audit
No Counterclaim or Abatement
Subordination of Rents
3. PLANNING, DESIGN AND CONSTRUCTION OF IMPROVEMENTS
Description of Improvements
Developer's Obligation to Construct Improvements
Submission of Plans
Approval of Plans
Changes in Plans
Submission of Plans for Building Permit
Contract(s) for Construction
Conditions Precedent to Commence of Construction
Commencement and Completion of Construction Improvement
Progress Reports
Payment of Contractors and Suppliers
Cancellation or Discharge of Liens Filed
Construction Coordination and Cooperation
Ownership of Improvements
4. PREPARATION OF PREMISES FOR DEVELOPMENT
Developer Assurance
S. MANAGEMENT OF LEASED PREMISES
Description of Improvements
6. EQUITY CAPITAL AND MORTGAGE FINANCING
Sufficient Funds to Construct Improvements
Notification of Securing Sufficient Funds
Lessee to Furnish Name and Address of Mortgagee
Lessee to Notify City of Other Encumbrances
Rights and Duties of Mortgagee
Obligations of Persons Other Than Mortgagee Acquiring Leasehold
84-'746"
Paged33
Is
/1 84
7. RESTRICTIONS ON USE
Authorized Uses
Limitation on slab -Tenants
Transfer Rights
Assignment and. Hypothecation
8. PUBLIC CHARGE
Covenant for Paymr-nt of Public Charges
Evidence of Payment of Public Charges
9. INDEMNIFICATION AND INSURANCE
Indemnification of Developer
Types of Insc4rancc to be Carried by the Lessee
Non -Cancellation Clause
Certificates of Insurance
Right of City to Obtain Insurance
Non -Waiver of Lessee's Obligations
Partial Los; of Damage Not to Terminate Rent or Lease
Extensive Loss or Damage Rendering Improvements Unusable
Agreement Not to Sue
Proformance and Payment Bonds
10. MAINTENANCE. REPAIR AND REPLACEMENT
Maintenance and Repair
Reserve for Replacements
Waste
Alterations of Improvements
Neighboring Excavation
11. CONDEMNATION
Adjustments of Rent
Proration of Condemnation Awards
Temporary Taking
Award Taking
Definition of Taking
12. DEFAULT - TERMINATION
Default by Lessee
Buyout Schedule
Default by City
Obligations, Rights and Remedies Cumulative
Non -Action or Failure to Observe Provisions Hereof
Non -Performance Due to Causes Beyond Control of Parties
Surrender of Premises
Ownership of Equipment and Furnishings on Termination
Party in Position of Surety With Respect to Obligations
13. OPTION TO RENEW
84-747. _
84-'746*
Page 84
41
6/1/84
;.` 7
14. REPRESENTATIONS
Representations by City
Representations by Lessee
la. ASSIGNMENT ANO. SUBLETTING
16 MISCELLANSOUS
Right of I nsr)rcti on
Access, to Premises
Recognition of Mortgage Requirements
Notices
Provisions of Law (teemed Included
How Agreement Affected by Provisions Held Invalid
Applicable Uavi and Construction
Amendments
Gender and Number
Award of Contract
Mortgageable Leasehold
Certificates
Management Agreement with Department of Off -Street Parking
Non -Disturbance and Attornment Agreements
Memorandum of Lease
Change of Forni of Ownership
Reasonableness
Arbitration
Good Faith Binder
Correction or Modification of Descriptions
84-- ! 47 .
84-7460
Page 85
X• Appendix
The Appendix is not
included in this edition..
84-'746�
S4-747
11
c37
CITY OF MIAMI. FLORIDA
INTER -OFFICE MEMORANDUM
TO, Howard V . Gary DATE, June 4, 1984 FILE:
City Manager S.E. Overtown/Park West
SUBJECT- Redevelopment Project
Request for Proposals
v ,
FROM! Herbert J . Bailey `� REFERENCES!
Assistant City Manager v✓
"�„• ENCLOSURES:
The Request for Proposals for the Southeast Overtown/Park West
Redevelopment Project as submitted for the May loth agenda
has been modified to reflect the following changes:
1. Bonus points have been added to the evaluation criteria
which will encourage and benefit developers who submit
development proposals for two or more contiguous parcels.
A maximum of up to 15 bonus points will be given to
developers who submit acceptable development proposals
for contiguous parcels. This will encourage developers
to bid on multiple parcels.
2. The minimum development program for each of the parcels
has been deleted. The City will rc-iiew all proposals
for residential and commercial development but priority
consideration should be given those proposals that
conform or surpass densities included within the recom-
mended Phase T Development Program. This will allow
greater flexibility for proposers and insure a greater
number of d&velopment proposals.
3. The development program for parcels 24, 37, and 44
(Park West properties) has been modified to allow
the submittal of development proposals that do not
adhere to the recommended development program, although
priority consideration will be given to development
programs that provide the recommended le,,7els and type
of development. On parcels 24 and 37, prol_-)osers that
do not select to develop pursuant to the F:i-fordable
Housing program must provide a guarantet-.d re%l e.nue
source for land acquisition and relocation. (Current
funding for acquisition is from the 1976 General Obli-
gation Housing Bonds which restricts use of the funds
for development of low- and moderate -income housing.)
M D r if o1'/t /S
� `: E 4
r]
Howard V. Gary
- 2-
June 4, 1984
Acquisition of parcel 44 is from the Section 108 Loan
is anticipated to be repaid with the proceeds of the
first sale of Tax Increment Revenue Bonds which could
be used for alternative uses including facilities
such as an exhibition hall/sports arena/co]_liseum, etc.
4. The RFP has been adjusted to allow priority con-
sideration for the selection of developers for future
phases of this project. Bonus points will be given
to successful developers within Phase I, that sub-
sequently bid on Phase II.
84-74`7. .
84.,` 4 `
11
TO. Howard V . Gary
City Manager
CITY OF MIAMI. FLORIDA
INTER -OFFICE MEMORANDUM
DATE:
SUBJECT:
FROM: 7
Herbert J. Bailey /j✓ REFERENCES:
Assistant City Manager
-,<` ,
ENCLOSURES:
May 30, 1984 rILE:
Resolution No. J84-359
Authorizing issuance of an
RFP for the S.E. Overtown/
Park West Phase I Develop-
ment for the June 14 Commission
Meeting, Public Hearing
Map
i
It is recommended that the Miami City
Commission approve the attached
resolution authorizing the issuance of
a Request for Proposals for a Unified
Development Project (UDP) for the South-
east Overtown/Park West Phase I Project;
selecting a certified public accounting
firm and appointing members to a review
committee to evaluate proposals and re-
port findings.
Through the Interlocal Cooperation Agreement and the Intergovern-
mental Cooperation Agreement between the City of Miami and Dade
County, the City has been charged with the marketing of land, pub-
licily acquired within the Southeast Overtown/Park West Redevelop-
ment Area.
On October 25, 1983, the Miami City Commission approved the Phase I
Overtown Transit Station Impact Area Redevelopment Proposal (Resol-
ution No. 83-972, which calls for the redevelopment of nine blocks
adjacent to the Overtown Station. At that time the conunission also
approved a series of associated resolutions which provides the fund-
ing mechanism to initiate the redevelopment program.
The City of Miami through the Request For Proposals (RFP) is extend-
ing invitations to qualified developers to submit proposals ?"or the
development of residential and commercial structures within a nine -
block area adjacent to the Overtown 'Transit Station, a portion of
the property is already in public ownership. Proposals shall in-
clude: planning and design; financing and construction of site... im-
provements; and construction of residential and commercial structures
to be owned and managed by the successful proposer under a long-term
lease agreement with the City, nine separate development parcels have
been established.
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84-'71-'
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Howard Gary 2 June 1, 1984
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The development program calls for the recommended construct-
tion of 1,875 residential units and 250,000 sq.ft. of com-
mercial space between 1985 and 1989. The City will deliver
the cleared land to developers, Recommended levels of com-
mercial and residential development have been established for
each of the development parcels (note attached map). I am re-
commending that the City accept proposals that entail development
at levels below the recommended levels, but give priority consid-
eration for those that meet or surpass the recommended devel-
opment program. Because of our financing strategy certain
restrictions have been placed on certain parcels relating to
the type of development, i.e. ownership or rental and associ-
ated sale price and rental ranges. On three of the parcels I
am recommending that the City accept for review alternative
proposals, thus all -owing for greater developer_ initiative.
The Request For Proposal provides a number of development incent-
ives for the project which will include flexible long-term land
leases, second mortgage assistance for homeownership housing
(through Dade County homeownership Assistance Program), ap-
plication by the City of Miami for assistance under the fed-
eral Urban Development Action Grant Program and other federal
programs, infrastructure improvements, low-cost construction
financing, and permanent financing through the issuance of
tax-exempt bonds these incentives will facilitate residential
development for families with annual family income in the
range of $15,00 to $50,000.
Under the UDP process a review committee is established by the
City Commission to make recommendations to the City Manager
regarding proposers' qualifications and experience. It is
recommended that the Review Committee be composed of 11 mem-
bers: 5 from the private sector, 4 from the public sector
and 2 members from the project area. County participation on
the Review Committee is mandated in the Interlocal Cooperation
Agreement.
Recommended members of the Review Committee to evaluate proposals
for the Phase I Development include:
Ex-Officio Members
Herbert J. Bailey, Cochairperson
Assistant City Manager, City of Miami
Sergio Pereira, Cochairperson
Assistant County Manager, Metropolitan -Dade County
54-14 .
84-746
Howard Gary - 3 - June 1, 1984
Committee Members
Rose Gordon, Chairperson --Documentary Surtax Advisory Board
(C:ommuriity Representative)
Hank Green, Green Construction Corporation
(Community Representative)
Ralph Johnson, School of Technology -Construction, FIU
(Community Representative)
Felipe Prestamo, School of Architecture, University of Miami
(Community Representative)
Garth Reeves, Editor, The Miami Times
(Community Representative)
Charlotte Gallogly, Director of Economic Development
(City of Miami)
Adrienne Macbeth, Assistant to the City Manager
(City of Miami)
(1) Representative from the Overtown Advisory Board
(1) Representative from the Park West Association
(2) Representatives from Metro -Dade
The proposed evaluation criteria and order of ranking to be used
by the Review Committee is as follow:
1. Experience of the development team, including
—j specific experience on similar projects .............. 15
2. Financial capability, level of financial commitment* ... 20
3. Financial return to the City .......................... 10
4. Overall project design ................................ 20
5. Extent of minority participation (Latin/Black) ......... 20
6. Conformance to the recommended development program ..... 15
7. Proposals for contigious parcels, maximum bonus points 15
8. Priority ranking developers
UMTA Parcels 45, 46, 55, and 56, maximum bonus points 15
*For UMTA parcels 45, 46, 55, and 56, also include in the
financial return is consideration of the type of equity
participation plan offered to former property owners.
8$- 7 6
84- 7 . T
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Howard Gary
June 1, 1984
The RFP documents the strong concern for minority participation
in all phases of the project and reiterates the goals of black
participation called for in the Southeast Overtown/Park West
Redevelopment Plan and the Property Owner Equity Participation
Plan for the Overtown Urban iniLi.atives Project Area. In ad-
dition, bonsus points will be given to developers that submit
proposals for contiguous parcels.
It is anticipated that the RFP will be issued on July 13, 1984,
with the developer proposals due on October 12, 1984. The RFP
must be approved by Dade County subsequent to approval by the Miami
City Commission.
It is also recommended that the accounting firm of Touche Ross &
Co., 44 Brickell Avenue be retained to analyze the proposal pur-
surant to the U.D.P. procedures. Touche Ross & Company is one of
the firms certified by the manager to perform this task.
84-74"'� .
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RECOMMENDED
DEVELOPMENT PROGRAM
Legal Approx. C=s ercial
Description Acreage Residential (office & retail)
Miami Worth
Blocks 24 4.0 -,50 units 30,000 sq.ft.
25 2.2 175 units 15,000 sq.ft.
36 3.4 200 units 25,000 sq.ft.
37 <.1 350 units 30,000 sq.ft.
44 3.9 330 units 25,000 sq.ft.
45 1.9 lU0 units 25,000 sq.ft.
46 3.4 200 urdts 0
55 3.4 200 units 0 sq.ft.
56 1.9 _ 0 100,000 sq.tt.
Total 20.2 1,875 units 250,0W sq.ft.
SOUTHEAST OVERTO /PARK WM
'��METRORAIL H,4WT OF WAY
� VmASE 1 - D C M
I
56 PARCEL NUMBER
PHASE 1 REDEVELOPMENT AREA
REC RE D D
PHI -
DEVELOPMENT
PP.`
�
0��� 200 400 600
4 —7 47