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City of Miami City Hall c{ ;fz,r ;y Am 3500 Pan American 1 ! *.V, ""'� �l"` '"' I Legislation Drive Miami, FL 33133 ,. www.miamigov.corn Resolution: R-04-0380 File Number: 04-00427 Final Action bate:6/10/2004 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO DECLARE SURPLUS THE CITY -OWNED PROPERTY LOCATED AT, 1390 NORTHWEST 24TH AVENUE, MIAMI, FLORIDA ("PROPERTY"), AS MORE PARTICULARLY DESCRIBED IN "EXHIBIT A," ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE A PURCHASE AND SALE AGREEMENT ("AGREEMENT"), IN SUBSTANTIALLY THE ATTACHED FORM, WITH ALLAPATTAH COMMUNITY ACTION, INC., ("PURCHASER"), A FLORIDA NOT-FOR-PROFIT CORPORATION, FOR THE SALE OF THE PROPERTY, To DEVELOP A UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") ELDERLY HQUSING FACILITY FOR VERY LOW, LOW AND/OR MODERATE INCOME FAMILIES AND/OR INDIVIDUALS, FOR A MINIMUM PURCHASE PRICE OF $249,141, PENDING VERIFICATION OF CONSTRUCTION COST ESTIMATES AND TO CONSUMMATE SUCH TRANSACTION IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT, SUBJECT TO THE CONDITIONS CONTAINED HEREIN; ALLOCATING PROCEEDS FROM TH SALE OF THE PROPERTY TO A CITY-WIDE AFFORDABLE HOUSING I -RUST FUND. WHEREAS, pursuant to Motion No. 03-147, adopted February 25, 2003, the administration was instructed to review and make a recommendation regarding the City -owned property located at 1390 Northwest 24th Avenue, Miami, Florida ("Property"), for designation and proposed future sale to Allapattah Community Action, Inc. ("Purchaser"), a Florida not-for-profit corporation, for the development of affordable housing; and WHEREAS, on March 12, 2003 the City of Miami ("City") received a letter from Purchaser expressing an interest in the conveyance of the Property for the development of 64 elderly affordable housing units; and WHEREAS, the Purchaser has submitted a+ proposed site development plan for an 80 -unit affordable elderly rental housing development ('Facility"), and has notified the City that it intends to apply for funding from the United States Department of Housing and Urban Development's Supportive Housing for the Elderly program ("HUD 202 Program") for the purchase of the Property and the construction of the Facility; and WHEREAS, the City has a severe shortage of affordable housing for the elderly; and WHEREAS, Section 29B of the City Charter exempts affordable housing developments from competitive bidding requirements; and WHEREAS, City agrees to sell the Property to Purchaser so that it shall be used to provide rental housing for elderly individuals and/or family within the economic affordability range of very low, low Ci(v of Miami Page I of 3 Printed On: 912612007 Re Number.' 04-00427 Enactment Number: R-0.1-0380 and/or moderate income families and/or individuals, based on criteria established by federal and/or state law; and WHEREAS, Ordinance No. 12489, adopted! February 26, 2004, amended Ordinance No. 11000 to change the current zoning of the Property from PR, Parks and Recreation to R-3, Multifamily Medium -Density Residential; and WHEREAS, the Property is approximately 1.6 acres, sits vacant, represents a maintenance cost and liability to the City and does not generate Od valorem taxes; and WHEREAS, the Purchase and Sale Agreerpent ("Agreement") shall contain the following conditions precedent to the conveyance of the property: (1) the Purchaser shall have been awarded HUD 202 Program funding, (2) the Purchaser shall complete the closing for the HUD 202 Program funding; and (3) the Purchaser shall agree to all conditions and restrictigns imposed by HUD in accordance with the HUD 202 Program funding; and WHEREAS, should the Purchaser be awarded the HUD 202 Program funding to aciquire and develop the Property, proceeds from the sale shall be allocated to a City-wide Affordable Housing . Trust Fund; j NOW, THEREFORE, BE IT RESOLVED B� THE COMMISSION OF THE CiTY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth it this Section. Section 2, The City Manager is authorized to declare the City -owned property located at 1390 Northwest 24th Avenue, Miami, Florida ("Property"), as more particularly described in "Exhibit A," attached and incorporated, as surplus property. Section 3. The City Manager is authorized{1} to execute an Agreement, in substantially the attached form, with Allapattah Community Action, Inc., (Purchaser"), a Florida not4or-profit corporation, for the sale of the Property to the Rurchaser, to develop a HUD elderly housing facility for very low, low and/or moderate income families and/or individuals for a minimum purchase price of $248,141, pending verification of construction cost estimates, based on criteria established by federal and/or state law and to consummate such transaction in accordance with the terms and conditions of the Agreement, subject to the following conditions precedent to the conveyance of the property: (1) the Purchaser shall have been awarded HUD 202 Program funding, (2) the Purchaser shall complete the closing for the HUD 202 Program funding; and ,(3) the Purchaser shall agree to all conditions and restrictions imposed by HUD in accordance with the HUD 202 Program funding. Section 4. Proceeds from the sale of the Property shall be allocated to a City-wide Affordable Housing Trust Fund. Section 6. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. f2} Footnotes: QV of Miami Page 2 of 3 Primer! On: 4/201200//7 File Number: 04-00427 GnuclmenJ Number: R-04-0380 (1) The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter and Cobe provisions. {2} If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days from the date it was passed and adopted. if the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. ' M 01), of Miami Page 3 of 3 Printed On: 9/2 622 09 7