HomeMy WebLinkAboutR-81-0940RESOLUTION NO. 0 8 1- 9 4 0
A RESOLUTION ALLOCATING SEVENTH YEAR
COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS
IN THE AMOUNT OF $80,000 TO PROVIDE
ASSISTANCE FOR THE REHABILITATION OF A
MULTIFAMILY APARTMENT BUILDING AT
224 NW 12TH STREET, THROUGH THE OVER -
TOWN HOUSING REVITALIZATION PROJECT.
WHEREAS, the City of Miami has provided rehabilitation
assistance to owners of multifamily apartments in Overtown
to meet minimum occupancy standards; and
WHEREAS, the residents of 224 N.W. 12th Street have
formed a copperative to purchase, rehabilitate and manage
the building at 224 NW 12th Street; and
WHEREAS, the Overtown Housing Revitalization project
has $30,000 fund balance, requiring an additional allocation
of $80,000.
NOW, THEREFORE, IT RESOLVED BY THE COMMISSION OF THE
CITY OF MIAMI, FLORIDA:
Section 1. Seventh Year Community Development Block
Grant funds in the amount of $80,000 are hereby allocated
to provide assistance for the rehabilitation of a multifamily
apartment building at 224 NW 12th Street through the Overtown
Housing Reviatalization Project.
PASSED AND ADOPTED this 12
1981.
TEST:
RA PH G. ONGIE
CITY CLERK
PRI'ARED AND APPROVED BY:
• (.% "614
K A . VALENTINE -'-
A SISTANT CITY ATTORNEY
day of November ,
MAURICE A. FERRE
MAYOR
APPXOVE,p AS TQL FORM AND) CORRECTNESS:
GEOYqE F. KNOX, JR.
CI TTORNEY
_CITY COMMISSION
MEETING OF
NOVA. 21981
FMWMN NO..8.1,.-..9 4 0
REIMRK3:.......... .......... ....
20"
Howard V. Gary
City Manager
`- #1
Dena Spillman, Director
Department of Community Development
October 28, 1981
Allocating $80,000 to Overtown
Housing Revitalization Project
for 224 NIJ 12th Street
City Commission Agenda Item
November 12, 1981
It is recommended that the
City Commission allocate
$80,000 in Community
Development funds to the
Overtown Housing Revitalization
Project to provide assistance
to rehabilitate 224 NW 12th
Street.
At the September 10, 1981 City Commission meeting, a representative
of the housing cooperative located at 224 NW 12 St. in Overtown
appeared to request assistance in the rehabilitation of the building.
Staff was instructed to review the project and come beck to the City
Commission with a recommendation.
As you will. recall, the tenants of this building were evicted by the
owner, the eviction order was stayed and the tenants formed a
cooperative to purchase the building. The building is in need of
repair in the amount of $110,000. It qualifies' for assistance under
the existing Overtown Housing Revitalization Program, tahich currently
has a fund balance of $303000. In order to provide the nec`ssary
funding for the project, it is recommended that $80,000 be
transferred from the CD 7th Year contingency fund to the Overtown
Housing Revitalization Fund for this purpose.
The proposal is in accord with the Overt.oc.n flan and would be a
reasonable means of providing home ownership in Overtotan. Givc—n the
lack of commitment to provide needed housing resources at the
Federal level, staf_i highly recommends this approach.
DS:wh
81 - 940