HomeMy WebLinkAboutR-82-0601�a •
RESOLUTION NO. 8,_2_.j,
A RESOLUTION AUTHORIZING THE CITY MANAGER
TO EXECUTE A CONTRACT BETWEEN THE CITY OF
MIAMI AND MARTIN LUTHER KING ECONOMIC
DEVELOPMENT CORPORATION (Mtl<rDC) IN THE
AMOUNT OF $400i000 TO PERMIT THE ACQUSI=
TION OF THE LINCOLN SQUARE OFFICE SITE,
LOCATED AT 62ND STREET AND NORTHWEST 7TH
AVENUE, TO BENEFIT THE EDISON CENTER
COMMUNITY; SUBJECT TO SATISFACTION OF
APPLICABLE LOCAL, STATE, AND FEDERAL
GUIDELINES.
WHEREAS, the Martin Luther King Economic Development
Corporation has entered into a contract with the City of
Miami Department of Trade and Commerce Development and with
the State of Florida Department of Veteran and Community
Affairs to coordinate economic development activities in the
Model City Area; and
WHEREAS, the revitalization of the Model City Edison
Center Business District is recommended in the Miami Compre-
hensive Neighborhood Plan 1976-1986; and
WHEREAS, the Department of Trade and Commerce Develop-
ment has encouraged MLKEDC to undertake as part of their
1982 work program, an economic development project within
the Edison Center business district that will enable them to
become financially independent from the City; and
WHEREAS, in the wake of the May, 1980 civil distur-
bances, the Lincoln Square project proposed is in general
conformance with the Economic Adjustment Plan for riot
affected areas;
WHEREAS, $400,000 of 8th Year Community Development
Block Grant Contingency Funds have been allocated for pos-
sible loan to MLKEDC; and
WHEREAS, MLKEDC agrees to reimburse the City of Miami
$400,000 providing the MLKEDC fails to take title to the
Lincoln Square office complex within ninety (90) days of the
date on which these funds are made available to MLKEDC;
CITY COMMISSION
MEETING OF
• ........ae•..r*etetR �xf
NOW r THEF<EPO(tt r BE 1T Rt9bLV9b BY THE COMMISSION OF THE
CITY OF M1AMt, PtOAlbA!
Section 14 The City Commission hereby authorizes
the City Manager to execute an agreement between the CITY OF
MIAMI and MARTIN LUTHER KING DEVELOPMENT CORPORATION
(MLKEDC), thereby permitting MLKEbC to acquire the Lincoln
Square Office Site located at the Southwest corner of North-
west 62nd Street (708-718) and Northwest 7th Avenue (6100-
6140) in the City of Miami. The legal description of this
site is:
Lots 1-7 inclusive, Lots 25 and 26 and the
east 30 feet of Lot 8 in block 1 of Bayami
Park, according to the plat thereof re-
corded in Plat Book 13, at page 68, of the
Public Records of Dade County, Florida.
Section 2. Loan funds are to be used to acquire and
take title to the aforementioned Lincoln Square Office Com-
plex.
Section 3. The execution of said contract is sub-
ject to satisfaction of applicable Local, State, and Federal
guidelines
PASSED AND ADOPTED this 24th day of June 1982.
Maurice A. Ferre
MAURICE A. FERRE, Mayor
T; PREPARED AND APPROVED BY:
LPH G. ONGIE .........,..... �....►.►: 0 L E . MAXWELL
City Clerk Assistant City Attorney
APPROVED AS TO FORM AND CORRECTNESS:
GE040E F. KNOX
Cit Attorney
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