HomeMy WebLinkAboutR-81-0661RESOLUTION NO, 8 11- 6 6 1
A RESOLUTION APPROVING IN PRINCIPLE THE
DEVELOPMENT OF A HOUSING PROJECT IN THE
OVERTOWN NEIGHBORHOOD AND DIRECTING THE
CITY MANAGER TO PROCEED WITH THE CITY'S
APPLICATION FOR AN URBAN DEVELOPMENT
ACTION GRANT FROM THE U. S. DEPARTMENT
OF HOUSING AND URBAN DEVELOPMENT.
WHEREAS, it is proposed that a 275 unit housing project be constructed in
the area immediately west of the Washington Heights/Overtown Transit Station;
and
WHEREAS, it is recognized that the future growth and stability of this
area is dependent upon the ability of the Overtown neighborhood to capture
economic benefit from the transit station and the rapid growth of the adjacent
Downtown area; and
WHEREAS, it is further recognized that the provision of home ownership
opportunities in this currently blighted community is a vital first step
towards successful neighborhood redevelopment; and
WHEREAS, such development is a specific goal contained within the Overtown
Redevelopment Plan, adopted by the City of Miami Commission on October 31, 1979;
and
WHEREAS, the Overtown housing project has been endorsed by the Overtown
Community Development Advisory Board; and
WHEREAS, the total development cost as proposed will be approximately
$17,000,000 of which some $3,500,000 will be requested from the U. S. Department
of Housing and Urban Development in the form of an Urban Development Action
Grant;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The application to be submitted by the City of Miami for an
Urban Development Action Grant is hereby approved in principle.
Section 2. The City Manager is hereby directed to proceed with said
application.
CRY COMMlSAWN
MEETING OF
JULS 31981
�arur,,81. - 6 6
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ATTEST:
RALK G. ONGIE, CITY CLERK
i
APPROVED AS TO
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Cl
TNESS:
Maurice A. Ferre
MAURICE A. FERRE, MAYOR
81-661
6
CITY OF MIAM1, FLORIDA
INTER -OFFICE MEMORANDUM
TO. Howard V. Gary
City Manager
FROM Jim Reid �,-
Acting Assistant City Manaj�
DATE July 10, 1981
ME.
SUBJECT Overtown Condominium Project
(July 23, 1981 City Commission Meeting)
REFERENCES
ENCLOSURES:
A resolution approving in principle
the development of a housing project
in the Overtown neighborhood and
directing the City Manager to proceed
with the City's application for an Urban
Development Action Grant from the U. S.
Department of Housing and Urban Develop-
ment.
It is proposed that an Urban Development Action Grant application be prepared and
submitted to the U. S. Department of Housing and Urban Development in support of
a housing project located in the area of Overtown directly west of the planned
Washington Heights/Overtown transit station.
The $3,500,000 in UOAG funds will be used to provide a "front end" financial
subsidy to the total development cost of about $17 million. The proposed area
in which the project will be located encompasses approximately four (4) square
blocks. A combination of CDBG funds and the UMTA Urban Initiatives Grant will
be utilized to acquire the properties in the area, undertake certain infra -structure
improvements and provide for relocation assistance to eligible residents.
The development will provide the annual equivalent of 302 construction jobs.
Spin-off retail development will result in a potential of 48 new permanent jobs.
The project has been endorsed by the Overtown Community Development Advisory
Board and was included in the Overtown Redevelopment Plan adopted by the City
Commission in October, 1979.
Approval of this resolution is recommended.
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81-661