HomeMy WebLinkAboutMemo 1FEB -20-2003 1?:33 CITY GER OFFICE
CITY OF MIAMI, FLORIDA 14
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INTER -OFFICE MEMORANDUM 1J
The Honorable Mam and
M rs of Th i minis ' n
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FROM : Y V ri -1 e
RECOMMENDATION:
DATE: FEB 2 0 2003 RLE
Conveyance of City -owned
suaJECr : parcels to Allapar ah Business
Development Authority, Inc.
REFERENCES: City Commission Agenda
EucxosUREs:
February 27, 2003
It is respectfully recommended that the City Commission adopt the attached Resolution
authorizing the conveyance of two (2) City -owned vacant parcels located in the Allapattah
neighborhood to Allapattah Business Development Authority, Inc., a not-for-profit corporation,
as Developer at no cost for the development of two (2) new single-family homes affordable to
families and individuals of low and moderate income; and further authorizing the City Manager
to execute all necessary document(s), in a form acceptable to the City Attorney, subject to
applicable City Code provisions.
BACKGROUND:
Allapattah Business Development Authority, Inc., a not for profit corporation, proposes to
develop two (2) new single-family homes affordable to families and individuals of low and
moderate income pursuant to the policy established in the City of Miami's Five (5) Year
Consolidated Plan (1999-2004) (Plan) on two (2) vacant City -owned parcels (Parcels), identified
below, located in the Allapattah neighborhood -
790 NW 29 Terrace
2374 NW 33 Street
On February 13, 2003, tate City Commission directed the City Manager to bring a resolution for
the transfer or the Parcels to Allapattah Business Development Authority, Inc. to the February
27, 2003 City Commission Meeting.
City Commission approval of this action would be subject to and contingent upon Allapattab
Business Development Authority, Inc.:
1) agmcring to pay the cost of eliminating all title defects exisczng on the parcels,
2) providing evidence acceptable to the City of firm commitments for project
construction and permanent financing for purchase by qualified homebuyers,
3) commencing construction within twelve (12) months from the date of conveyance by
the City,
4) complying with other terns and conditions, including parcel reverter provisions, as
deemed appropriate by the City Manager and the City Attorney, and
5) providing the administration with a status report concerning the title to the parcels
within ninety (90) days from the date of oonveyanoa.
305 416 1019 P.02-106
,j
Allapattah Business Development Authority, Inc. is required to commence construction on the
City -owned parcels within twelve (12) months from the date of conveyance by the City or said
parcels will revert back to the City.
It is recommended that the City Commission authorize the conveyance of the two (2) City -
owned vacant parcels located in the Allapattah neighborhood to Allapattah Business
Development Authority, Inc, at no cost for the development of two (2) new single-family homes
affordable to families and individuals of low income and subject to the provisions listed above;
and further authorize the City Manager to execute all uecesssry document(s), m a form
acceptable to the City Attorney, subject to applicable City Code provisions.
The p oposed Resolution does not have a budgetary impact on the General Hind.
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