HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM Law Department
,
Matter ID No.
OfCQ. i4uQ-'
FILE ID. O1 -Col S 3
Date: 02/11/2009 Requesting Department: Community Development
Commission Meeting Date: 03/12/2009 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: CONVEYANCE OF CITY OF MIAMI OWNED PARCELS OF LAND TO MIAMI BEACH
COMMUNITY DEVELOPMENT CORPORATION
Purpose of Item:
AUTHORIZING THE CONVEYANCE TO MIAMI BEACH COMMUNITY DEVELOPMENT
CORPORATION, WITH PARCEL REVERTER PROVISIONS, OF THE CITY OF MIAMI OWNED
PARCELS OF LAND LOCATED AT 1301 NE 111 STREET, 11115 NE 13 AVENUE, 1075 NE 149
STREET, 1095-97 NE 149 STREET, 13950-52 NE 11 AVENUE, MIAMI, FLORIDA, AS LEGALLY
DESCRIBED IN EXHIBIT "A." ATTACHED AND INCORPORATED, KNOWN AS THE LIFE
QUEST FACILITY PROPERTIES, FOR THE REHABILITATION AND UTILIZATION OF UNITS
FOR THE PURPOSE OF PROVIDING A SUPPORTIVE HOUSING PROGRAM AS PART OF
THE HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS PROGRAM, ADDITIONALLY
ALLOCATING $500,000 FROM THE FY08-09 HOUSING OPPORTUNITIES FOR PERSONS
WITH AIDS PROGRAM FUNDS TO ASSIST INPART WITH THE REHABILITATION OF THE
LIFE QUEST FACILITY PROPERTIES, SUBJECT TO THE TERMS IN EXHIBIT "B," ATTACHED
AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE A PURCHASE
AND SALE AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, AND ALL
NECESSARY DOCUMENTS FOR SAID PURPOSE.
Background Information:
Budget Impact Analysis
Please see attached
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 capital funds
Grants
Purchasin
Chief
Final Approvals
(SIGN AND DATE)
Budget
Risk M
Dept. E
City M;
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution 08-0252, adopted on May 8, 2008, the Miami City Commission authorized the
acceptance of conveyance from MOVERS, Inc. to the City of Miami ("City"), the Life Quest Facility
properties ("Properties") located at 1301 NE 111th Street, 11115 NE 13th Ave, 1075 NE 149th Street,
1095-97 NE 149th Street, and 14950-52 NE 11th Avenue, Miami, Florida.
On July 14, 2008, the City issued a Request for Proposal ("RFP") for the acquisition and operation of
the City owned Life Quest Facilities. The purpose of the RFP was for the City to sell the properties
to the most qualified entity that will rehabilitate the Properties and utilize the units for the purpose of
providing a supportive housing program as part of the Housing Opportunities for Persons with AIDS
("HOPWA") program.
A review committee board comprised of two members from organizations outside of the City of Miami
and one staff member from the Department of Community Development met to evaluate the
proposals and recommended Miami Beach Community Development Corporation ("Miami Beach
CDC') for the rehabilitation of the Properties.
Miami Beach CDC is a not-for-profit community based organization formed in 1981 to undertake a
comprehensive program of housing and community development.
Miami Beach CDC has completed various affordable housing developments within the City of Miami,
Miami -Dade County and Miami Beach utilizing HOPWA funding and is currently in good standing
with the City.
The Administration recommends the conveyance to Miami Beach CDC with parcel reverter
provisions, of the City -owned parcels of land located at 1301 NE 111 th Street, 11115 NE 13th Ave,
1075 NE 149th Street, 1095-97 NE 149th Street, and 14950-52 NE 11th Avenue, Miami, Florida, as
legally described on Exhibit "A," attached and incorporated along with $500,000 in HOPWA program
funds in order to assist with the rehabilitation of the Properties.
The Administration also recommends that the conveyance of the Property be subject to the following
restrictions: (i) the Developer provide to the City (a) all necessary permits needed to construct the
unit(s), and (b) evidence of firm financial commitments for full project financing from the project
lender(s), (ii) the conveyance of the Property occur simultaneously with the closing of the
construction financing by the lender, if any, (iii) any mortgages on the Property obtained by the
Developer be subject to the approval of the City of Miami Department of Community Development
(iv) all other restrictions as indicated on Exhibit "B," attached and incorporated.
The Administration further recommends that the City authorize the assignment of the Purchase and
Sale Agreement for the Property from Miami Beach CDC to any wholly owned subsidiary for the
purpose of securing tax credit financing.