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CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO: The Honorable Mayor and
Members of the City Commission
FROM��2w��s,
Joe Arriola
Chief Administrator/City Mana er
RECOMMENDATION
DATE : APR 13 1004 FILE:
Conveyance of City -owned Properties
SUBJECT: to Allapattah Business Development
Authority, Inc., a Florida Not -For -
Profit Corporation
REFERENCES:
ENCLOSURES: Resolution, Purchase & Sale Agreement
g May 6, 2004
The Administration recommends that the City Commission adopt the attached Resolution,
authorizing the City Manager to declare surplus the City -Owned properties located at 3255 NW
11th Court, 3245 NW 11th Court, and 1264 NW 31st Street, Miami, Florida, (the "Properties"), as
more particularly described in Exhibit "A" attached and made a part hereof; designating Allapattah
Business Development Authority, Inc., a Florida Not -For -Profit Corporation
("Purchaser/Developer") to undertake the development of three (3) twin homes, affordable to very
low, low and/or moderate income families and/or individuals. Further authorizing the City
Manager to execute a Purchase and Sale Agreement, in substantially the attached form, and to
consummate such transaction in accordance with the terms and conditions of the Agreement,
which terms may be solely amended by the City Manager, as may be necessary in order to effect
such sale in an expeditious manner.
BACKGROUND
The City of Miami has a severe shortage of housing within the affordability range for families and
individuals of very low, low and moderate -income. The City recognizes that the participation of
both the public and private sector is necessary to foster the development of housing affordable to
very low, low and moderate -income families and individuals in the City. Section 29B of the City
of Miami Charter exempts affordable housing developments from the competitive bidding
requirements.
On April 7, 2004, Allapattah Business Development Authority, Inc., a not-for-profit corporation,
("Purchaser/Developer") requested that the City donate three (3) vacant City -owned parcels in the
Allapattah area for the development of twin homes. The donation of land would allow Purchaser
to proffer any savings in total cost of the residence to the homebuyer because the land is acquired
without cost. The properties sit vacant, represent a maintenance cost and liability to the City, and
do not generate ad valorem taxes.
The Honorable Mayor and Members
of the City Commission
Page Two
The City agrees to convey the Properties to Purchaser on the condition that the Properties shall
only be used to provide (3) three twin homes to be occupied by individuals and/or families within
the economic affordability range of very low, low and/or moderate income families and/or
individuals, based on criteria established by federal and/or state law.
In an effort to promote the development of new affordable housing in the City, the Administration
recommends the conveyance of the Properties to Purchaser, subject to the following conditions
precedent to the conveyance of the Properties:
1. Purchaser shall furnish to the City evidence that it has the funds necessary to construct
the improvements;
2. Purchaser shall furnish evidence that it has secured buyers for the improved Properties
who satisfy the applicable affordable housing income test requirements;
3. Purchaser shall submit a copy of the construction contracts for the construction; and
4. Purchaser shall furnish evidence that it is ready to commence construction within six
(6) months from the date of closing and to complete construction of the improvements
within twelve (12) months of commencement.
FINANCIAL IMPACT:
There is no financial impact to the City's General Fund.
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JA/LMa./LB/mv/M CC ABDA.doc