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Home My WebLink AboutM-81-0767A'. f1.r t P.Oi Box 380951 Miami, Florida THE DIVINE FISSION BUILDIII,� �p��R•M,tAMt 33138 August 19, 1981 Mr Howard Gary, City Manager City of Miami 3500 Pan American Drive Miami, Florida Dear ?ir Gary; Please schedule myself, Ur Jack Arias, Reverend Clennon King and other zzmbers of the Divine Hission Building Group into the Commissioners meeting on September 10, 1981. Our group plans on asking the City of Hiami for approval and funding for our rehab proposal (28 units) in the Culmer-Overtown area. Isle hope that this request will be approved and we appreciate the past assistance that our group has received from City of i•liami.which allowed - us to rehab the 27 unit building located at 1360 N.W. 1 Ck., Miami, Fla. At the present time we are attempting to coordinate with your planning department the proper approach to this situation. Ile hope to acertain which City of Miami funds will be most suitable to this situation. Please confirm this request to be on agenda and let us know what num- ber on the agenda we will be. Thank you. .y I Truly yours, Jack Arias copy/ Reverend Clennon King 81-767 REHABILITATION PROPOSAL 28 UNITS CULMER-O-IERTMiN CONSTRUCTION COST BREAKDaill Parcel "A" 451 N.W. 7 Street 20 units fully occupied New roof ; 6 , 000 New Kitchen cabinets 9,000 Replace and repair plumbing 21000 General repairs (carpentry,plas-ter,etc.) 7,000 contingencies 41000 TOTAL :,128,000 Parcel "B" 1040 N.W. 1 Court 8 units unoci:upied New roof 3,000 windows new 1,500 new exterior doors 1,500 electrical 4,000 plumbing & fixtures 15,000 Plaster 10,000 carpentry 10,000 contingencies 12,000 TOTAL :3579000 TOTAL COST OR RE -HAD WORK $85 , 000. 00 Property acquisition cost 451 N.W. 7 Street 20 units $-:20,000 1040 N.W. 1 Court 8 units 35,000 Total acquisition costs to be secured by first mortgage 28 X $10,000 per unit. $15S,000.00 Operation account of developer to include legals for condo declaration and office operation of ongoing management company 20,000.00 Directors fees 20,000.00 Total budget as per proposal $280,000.00 It is additionally proposed that purchasers shall be allowed to earn equity towards down pa;•ment by contributing their time towards labor to faint buildings inside and out. 81 ^767 to PROPOSAL "ro ject t oeations : Parcel A--151 N. '•i. 7 Street 20 occupied rental units `'arcel 3--1040 14. W. 1 Court F, empt , units 4 ;sponsor. requests City of 'Miami to loan t2S0,000 sccurod b�,, t!vcnt;-Pibht .510,000 first mortgages. The 250, 000 t-H.11 allow snonsor to purchase and rehab all 2" units. Sponsor will sell units as condominiums to I existing tenants and other lower income families that are now living in Culmer-Overtown area. Sponsor shall naintain management office at 451 N. W. 7 Street, and will help owners with proper•management of properties and operation of condo association. Purchasers of units will be buying under Agreement For Deed for 24 months. If buyer performs as agreed, Deed will be recorded. If buyer does not perforn, then unit will bz sold to next qualified buyer. 0 OM 1k pR vIOUS PARTICIPATION AND TRACT; RECORD) OF SPONSORS A 27 unit apartn-int project at 1360 N. IV. 1 Court, 'tian., Florida, was rehabbed to include roof repairs, nai.nting of ^ntire building, re?aving of parking lot, installation of 5 foot chain lint; fence around entire property for security. All 232 housing violations were removed. All aforenentioned worm: was completed for approxi.matel» )'40,000. The Cit;, of Hiami helped the '•Y project by giving a grant to 'IAr. Jack Arias of $10,000 towards repairs. The 27 families are enj07ing a better standard of living as the result of this successful rehab project. A 24 unit N.U.D. section F rent subsity project at 2301 thru 2321 Atlantic !Avenue, Opa-Locka, Florida was completely rehabbed by Mr. Arias. Mr. Arias has produced over 200 low income housing units during the Past 20 years in nan, areas throughout Dade Countv. f ► - 767 6 3110: SOISIii n '.7hf Div;.ne ',i.c;s on Suildin,- Group 7-.rector. Jar-': Ar.iar- Juanita Thompson R,!v. C lennon in � Gladys Taylor ;Tilton '4arl:o!vity Gloria Robinson Toil-,! '3r•; ant I,cv. Stu-)nard 'Zev. 3ritt Don , to jor Thi Reverend Clennon tying and Jaci: Ariatteach are 2 ") stoc::holders; Other directors each own 5 % of stock. t,ll class A stoc:c is owned by Jack Arias. Jack Arias assu:7^s full responsibility for all projects and he alone has authorit,? to conduct all business for group. All other directors are entitles to their respective shard of fees or profits earned b;• group. Directors Shall earn fees provided they perform duties as agreed %-lith Jacl: Arias. Any director may be dismissed from group at any time, at sole discretion of Jaci: Arias. W .. i r $� - 791 r STOCK: O;'TI OTT This a;recment -rants an option to purchase 5% of participation in various bus- iness situations to be accomplished by The Divine ?fission Building Group. This agreement shall only apply at this time to projects located at 451 It, W. 7 Stre" and � 1040 74. W. I Court, Miami, Florida. k' It is fully understood that Jack Arias has all Class A stoc% ownership in all ventures of group. Class A stock entitles Jack Arias sole right to mal:e any and all decisions � and gives him right to cancel any stock option given to any of the directors. 23 ST t#W 23 St. Nw 22 St Nw 21 ST NW 20 ST. I ( Nw 20 St LJ h ST. Nw DIE Nw 1e n MIE Nw 17 St �� [OFP Nw ,s st umm Hw IS SL % TIE NW N ST. 396 jj❑D Sp Nw 12 St Lj Q z 0 400 000 i CITY OF MIAMI PLANNING DEPARTMENT a 81rpm A O P T I 0 N DATI : ze l f In consideration of the sum of $10.00 aijo ot.ner valuable considerations, the receipt of which is hcreh%, icknow lerlged, the parties hereto, to -wit: San Bat. Properties, ht.d.., hereinafter referred to as the seller, and Jack Arias and the Divine Mission Building Group, hereinafter rcfurr(:.1 to u,_; t lv. puL' lasc-rs, ayrc:u as follows: The seller grants to the purchaser a 90-day option. Said 90 days to run from the date of this agreement to purchase the following described property: Lots 13 and 14, Block 48, CITY OF MIAMI North, P.B. B, at Page 41, commonly known as 451 N. W. 7th Street, Miami Purchase price of $120,000.00, cash at the time of closing, less $500.00 which $500.00 has been - acknowledged having been received by the seller as further consideration for this option. Upon payment of an additional $1,000.00 to the seller on or before 90 days from date, the purchaser shall have an additional ..:.?0 days to close the transaction. At the time of closing the purchaser shall receive credit for the additional $1,000.00. ItIis agreed that in the event the transaction is not closed that the above referred to $500.00 and $1,000.00 shall be -non- refundable. The property is to be sod in an as is condition. SAN BAR PROPERTIE , LTD. 71 e_ i DIVINE MISSION BUILDING GR UP v BY ACK ARIAS pro,, s c_ O P T I 0 i. DATE: L In consideration of the sum of $10.00 and other valuable considerations, the receipt of which is hereby acknowledged, the parties hereto, to --wit: San Bar Properties, Ltd., hereinafter referred to as the seller., and Jack Arias and the Divine Mission Building Group, hereinafter referred i:o ' as the purchasers, agree as follows: The seller grants to the purchaser a 90-day option.. Said 90 days; I: v to run from the date of this agreement to purchase the following described property: Lots 6 and 11, Block 16 of P.w. WHITES RESUBDIVISIO'y, °j Plat Book B at Page 34, Public Records of Dade County,Florida commonly known as 1040 N.W. 1st Court, Miami, Florida � Purchase price of $35,000.00, cash at the time of closing, less $500.00 which $500.00 has been acknowledged having been received -by the seller as further consideration for this option. Upon payment of an additional $1,000.00 to the seller on or before '? 90 days from date, the purchaser shall have an additional 90 days to close the transaction. At the time of closing the purchaser shall receive credit �for the additional $1,000.00. ''It is agreed that in the event the transaction is not closed that the above referred to $500.00 and $1,000.00 shall be non-refundable. i• The property is tp.,be sold in an as is condition. SAN AR.PROPERTIES, rD. DIVINE MISSION BUILDING GROUP BY: lOAC R ARIAS {