HomeMy WebLinkAboutMemo 6FEB -20-2003 14 c 33 C I TY t'tatJAGERS OFF I C>=
CITY OF MIAMI, FLORIDA 14
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INTER -OFFICE MEMORANDUM 1!
The Honorable Ma and
M rs of Th i mmis ' n
IMOM : J ola
RECOMMENDATION:
DATE: FEB 2 0 2003 PIE
Conveyance of City -owned
sus4ECT : parcels to Allapattah Business
Development Authority, Inc.
REFERENCES: City Commission Agenda
enKxosu"Es:
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 Aliapattah
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 (1999-2044) (Plan) on two (2) vacant City -owned parcels (Parcels), identified
below, located in the Allapattah neighborhood-
790
eighborhood
790 NW 29 Terrace
2374 NW 33 `street
On February 13, 2003, the City Commission directed the City Manages to bring a resolution for
the transfer of the Parcels to AUapattah 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) agrecing to pay the cost of eliminating all title defects existing 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 terrors and conditions, including parcel reverter provisions, ez
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 conveyance.