HomeMy WebLinkAboutSummary FormDate: 01/14/2009
AGENDA ITEM SUMMARY FORM
Commission Meeting Date: 02/12/2009
Law Department
Matter ID No.
09-44
Requesting Department: Community Development
District Impacted: 5
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: EXTENSION OF TIME TO PALMETTO HOMES OF MIAMI INC.
Purpose of Item:
AUTHORIZING THE CITY MANAGER TO GRANT PALMETTO HOMES OF MIAMI, INC., AN
EXTENSION OF TIME TO COMMENCE CONSTRUCTION FROM AUGUST 20, 2008 TO
DECEMBER 31, 2009, AND TO COMPLETE CONSTRUCTION FROM DECEMBER 20, 2009 TO
DECEMBER 30, 2010, ON THE PROPERTY LOCATED AT 6005 NW 15TH AVENUE; AND AN
EXTENSION OF TIME TO COMMENCE CONSTRUCTION FROM AUGUST 20, 2008 TO
DECEMBER 31, 2009, AND TO COMPLETE CONSTRUCTION FROM DECEMBER 20, 2009 TO
DECEMBER 30, 2010 ON THE PROPERTY LOCATED AT 1461 NW 60TH STREET
("PROPERTIES"), LEGALLY DESCRIBED IN EXHIBIT "A," ATTACHED AND INCORPORATED;
AUTHORIZING THE CITY MANAGER TO EXECUTE MODIFICATIONS TO THE DEED(S) THAT
CONVEYED THE PROPERTIES FROM THE CITY OF MIAMI TO PALMETTO HOMES OF MIAMI,
INC., AND ALL OTHER NECESSARY DOCUMENTS, FOR SAID PURPOSES.
Background Information:
Please see attached
Budget Impact Analysis
NO Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
CIP
If using or receiving capita! funds
Grants
Final Approvals
(SIGN AND DATE)
Budg�`
Risk
Purchasin Dept,
Chief City.
Page I of
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. 07-0053, adopted January 25, 2007, the Miami City Commission
approved the conveyance of two city -owned vacant parcels, with parcel reverter provisions, located
at 1461 NW 60th Street, and 6005 NW 15th Avenue, Miami, to Palmetto Homes of Miami, Inc.
("Palmetto"), a for-profit Florida corporation, for the development of affordable housing.
Pursuant to the Quit Claim Deeds, executed on February 20, 2008, developers had twelve (12)
months from the date of land conveyance to begin construction and an additional twelve (12) months
to complete construction.
Due to the level of additional research and documentation required for a Green Project and LEED
Certification, Palmetto is requesting an extension of time to commence and complete construction on
the properties described in Exhibit "A" attached and incorporated.
The Administration recommends granting Palmetto an extension to commence construction from
August 20, 2008 to December 31, 2009, and to complete construction from December 20, 2009 to
December 30, 2010, on the property located at 6005 NW 15th Avenue; and an extension of time to
commence construction from August 20, 2008 to December 31, 2009, and to complete construction
from December 20, 2009 to December 30, 2010 on the property located at 1461 NW 60th Street,
legally described in Exhibit "A", attached and incorporated.