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Home My WebLink AboutR-82-0283RESOLUTION NO. 82283 A RESOLUTION DESIGNATING THE FOLLOWING FIRMS: a.) Bradley Properties, Inc. 2120 Drew Street, Suite C Clearwater, Fla. 33518 b.) Related Housing Companies - Consort, Ltd. 4125 Laguna Street Coral Gables, Fla 33146 AS QUALIFIED TO PARTICIPATE WITH THE CITY OF MIAMI IN THE PRODUCTION OF RENTAL HOUSING UNITS FOR LOW AND MODERATE INCOME FAMILIES THROUGH THE AFFORDABLE RENTAL HOUSI14G DEVELOPMENT PROGRAM, SUBJECT TO SATISFACTION OF APPLICABLE STATE LAW AND METROPOLITAN DADE COUNTY ORDINANCES RELATIVE TO ACQUISITION OF LAND OWNED BY DADE COUNTY; AND FURTHER, DIRECTING THE CITY MANAGER TO PROCEED WITH IMPLE- MENTATION. WHEREAS, through Resolution No. 81-847, the City Com- mission, in an effort to increase the supply of rental housing units in the City within the economic means of low and moderate income families approved guidelines for imple- menting the Affordable Rental Housing Development Program; and WHEREAS, through Resolution No. 81-847, the City Commission approved the form of Invitation for Proposals for the Affordable Rental Housing Development Program and autho- rized publication; and WHEREAS, a Proposal Selection Commmittee was formed in accordance with the program implementation guidelines to screen proposals received in response to the Invitation for Proposals; and WHEREAS, the Proposal Selection Committee has accom- plished its charge and has recommended those firms con- sidered to possess the combination of multi -family develop- ment and management experience necessary to achieve the objectives of the program; and WHEREAS, the City Commission has reviewed the Proposal CITY COMMISSION ` MEETING OF MAR2 5 1982 8 2 - 2 3 Selection Committee's recommendations; NOW, THEREFORE BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The following firm(s): a.) Bradley Properties, Inc. 2120 Drew Street, Suite C Clearwater, Fla. 33518 b.) Related Housing Companies - Consort, Ltd. 4125 Laguna Street Coral Gables, Fla 33146 are hereby designated as qualified to participate with the City of Miami in implementing the Affordable Rental Housing Development Program. Section 2. The aforemention designation is subject to satisfaction of applicable state law and metropolitan Dade County Ordinances relative to acquisition of land owned by Dade County. Section 3. The City Manager is hereby directed to proceed with the implementation of the program as defined herein. PASSED AND ADOPTED THIS 25 day of MARCH—, 1982. MAURICE A. FERRE MAYOR ATTEST: Cf9". L211 Q RA H G. ONGIE 4117 City Clerk PREPARED AND APPROVED BY: r. -,.-X �1� L EL E. MAXWELL Assistant City Attorney APPROVED AS TO FORM AND CORRECTNESS: 1 GEORGE F. KNOX, JR. (V� City Attorney 2 82-283 W 22 Howard Gary City Manager Dena Spillman, Director Department of Community Development March 18, 1982 Affordable Rental Housing Development Program Report City Coranission Agenda Item - April 8 On October 7, 1981, by Resolutions 81-847 and 81-848 the City Commission approved program implementation guidelines for the Affordable Rental Housing Development Program and ordered the immediate publication of an Invitation for Proposals for the purpose of soliciting the participation of profit motivated and non-profit developers in the production of up to one thousand rental dwelling units. On November 2, 1981, after approval of the proposed program by the Metropolitan Dade County Board of Commissioners, the Invitation for Proposals was published locally. C:.i.t}i only limited interest indicated by local devoloper_,, the Invitation published nationally on December 7, 1982. A Proposal Selection Committee composed of .Melvin AOams, E:;ecutivc Director of Dade County's Department of. Housing and Urban Development, Carlos Garcia, Director of Finance, Walter Pierce, Assistant to the City i•,anacier, Richard Davenport, President of Amerifirst Development Corporation, and Dena Spillman, Director of Comnur.ity Dove lopment %..as appointed by the City Manager to evaluate proposals received. By February 4, 1982, the proposal submission deadline, eleven proposals were received by the City Clerk's Office. (See attached list). On February 19, 1982, the Selection Committee met to evaluate the proposals. Six of the proposals received %,fore determined to be inconsistent with the submission requirements outlined in the Invitation or with the objectives of the program. The sponsors of the remaining five proposals were invited to appear before the Selection Committee on March 8, 1982 to discuss their proposals. Thc'firms invited for interviews were: The Or.lean Company, Related Housing Companies/ Consort Ltd. Bradley Properties, Inc., Carib Management, Inc., and M,i.via Corp. Of the five firms interviewed, the panel determined that two, Bradley Properties, Inc. and Related Iiousing Companies/Consort, LTD. have the combination of multifamily housing development and management experience and financial capacity to successfully participate in the program. The panel, therefore, recommends the participation of these firms in the program. FQcent discus:;ions by the City attorney with the County attorney however indicate that it may be necessary to modify the method of developer selection envisioned 82-283 O± Proposal Fe spondc.nts to Affordcblc Rental Group, Inc.. al•10 Harbor Lane Ili nn,-,apolis, 1111 55,141 2. P -:id Properties, Inc. 2123 DIT'4 SGI'i"t, SLilte C Clear,;ater, FI- 33)51 3. U1'(Jii11 Lea(Jue Oi Gi'Caier' 11i,llii, Illc. 12C0 i;i scayn2 Blvd. 12 11 Sti'c'e'L Entrance Unl i:d S Lates Invcs L,~ent 2l Coy/e (c) :ant Corp. P. 0. 5o:: 8171, Garden Ci iy Statinn Crc,n ;ton, 1:I 0? 0 Corp. %. i:.. �." 'i'%ltl' ;' I"J!I_;ii1 1 I OL'� •.i:i(;n J i ; Stree t , 11.S u 1 CC 4r0 DC Streot Ills. to , J,ilUU r• i ,. Ali , 1�1. 11. li:c� Port1t-111ll Corp. 3 '!.l 111 y V.i (,il I.(I . CT OC',51 52-283 Howard Gary Page 2. I;arch 18, 1982 during program planning. Specifically, Metropolitan Dade County's procedures for the disposition of real property require a public competition at the time acquired property is ready for disposition.- In essence, this means that parties other than those being recommended for participation in the Affordable Rental housing Development Program by the proposal Selection Committee may have the opportunity to submit development proposals for the City's considera- tion at the time of development site disposition. Dade County's involvement in this segm::nt of the program is dictated by the housing Bond Ordinance, hence the use of Dade County disposition procedures. A final determination on this issue is expected soon. Should this modification in the selection procedure prove necessary, it will have no effect on the program production schedule. of major concern to the timely production of housing units through the nroaram ` is pot3d Counsels opinion that a Florida Supreme Court review %•:ill be n-cessary to determine the City's legal authority to use General obligation iiousina Pond. lroceec: for development site acquisition. It is Bond Counsel's opinion that a constitutional conflict m:y exist bet,•.een the prorosod use of lio;!:.inc Bon,.l nrocci'ds for site acc_uisition and Article % Section 10 of the constitution. A Supreme Court review of this question ,..,ill undoubtec;ly add at Least si_x months to the program schedule. The effect of a Supreme Court revie,•: on the schedule is clearly indicated on the attached production chart. Fps the Mortr;ae;e Revenue and General Obligation Bond rates are currently too high to supl.ort the objectives of the Affordable Rental Housing Development program in terms of financial feasibility and are expected to remain high for some time, the problem indicated above may prove as secondary significance to the program's production schedule. o hol-,(.fully, the currently high t•a:{ interest rates for mortgagt? revenue and M, ncral Obligation housinci Bond: ,.;ill decline to coincide with the completion of the legal str.ps necessary to implement the program. /:;o 82-283