HomeMy WebLinkAboutMaster ReportFile Number: 09-00184
Version: 2
City of Miami
Master Report
Enactment Number: R-09-0106
File Type: Resolution
Reference:
File Name: Conveyance -Madison Housing II, LTD
Requester: Department of Community Cost:
Development
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Status: Passed
Controlling Body: Office of the City
Clerk
Introduced: 2/17/2009
Final Action: 3/12/2009
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ALLOWING
THE CONVEYANCE OF TRACTS A AND C, AS LEGALLY DESCRIBED IN EXHIBIT "A",
ATTACHED AND INCORPORATED, FROM MADISON HOUSING II, LTD. TO MADISON
HOUSING, LTD., A FLORIDA LIMITED PARTNERSHIP ("MADISON"), FOR THE
DEVELOPMENT OF AN AFFORDABLE RENTAL HOUSING PROJECT FOR LOW INCOME
HOUSEHOLDS (THE "PROJECT"), SUBJECT TO: (1) ALL RESTRICTIONS AND CONDITIONS
STATED IN THE DEED OF CONVEYANCE FROM THE CITY OF MIAMI ("CITY") TO MADISON
HOUSING II, LTD., DATED AS OF AUGUST 20, 2008, AND (2) MADISON'S ASSUMPTION OF
ALL OBLIGATIONS OF MADISON HOUSING II, LTD. UNDER THE PROPERTY CONVEYANCE
DOCUMENTS, INCLUDING, BUT NOT LIMITED TO, THE ASSUMPTION AGREEMENT BY
AND BETWEEN MADISON HOUSING II, LTD. AND THE CITY, AND THE NOTE AND
MORTGAGE MODIFICATION AGREEMENT BY AND BETWEEN MADISON, MADISON
HOUSING II, LTD. AND THE CITY, BOTH DATED AS OF AUGUST 20, 2008 (THE
"CONVEYANCE DOCUMENTS"); IN THE EVENT THAT THE DEVELOPER DETERMINES THAT
TRACT A IS NOT NEEDED FOR THE DEVELOPMENT OF THE PROJECT, AUTHORIZING THE
CONVEYANCE OF TRACT A FROM MADISON HOUSING II, LTD. TO THE CITY,
CONCURRENT WITH THE CONVEYANCE OF TRACT C TO MADISON AND SUBJECT TO
PARAGRAPH 4 OF THE AUGUST 20, 2008 CORRESPONDENCE FROM THE CITY MANAGER,
ATTACHED AS EXHIBIT "1" AND INCORPORATED; AUTHORIZING (A) THE EXTENSION OF
THE PROJECT CONSTRUCTION COMMENCEMENT DEADLINE FROM AUGUST 20, 2009 TO
DECEMBER 31, 2009 AND EXTENSION OF THE PROJECT CONSTRUCTION COMPLETION
DEADLINE TO TWENTY-FOUR (24) MONTHS FROM THE EFFECTIVE DATE OF LOAN
DOCUMENTS AND/ OR LOAN MODIFICATION DOCUMENTS TO BE EXECUTED BETWEEN
THE DEVELOPER AND THE CITY, AND (B) THE MODIFICATION OF THE PROJECT FROM 115
AFFORDABLE RENTAL UNITS TO 120 AFFORDABLE RENTAL UNITS; GRANTING THE
DEVELOPER AN OPTION TO TERMINATE THE CONVEYANCE DOCUMENTS AND
RE -CONVEY TRACTS A, B, C AND D TO THE CITY ON OR BEFORE JUNE 30, 2009, SUBJECT
TO THE CONDITIONS TO THE RE -CONVEYANCE OF THE PROPERTY AND THE
TERMINATION OF THE CONVEYANCE DOCUMENTS STATED IN PARAGRAPHS 3 AND 4 OF
EXHIBIT "1 ", ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE CITY
MANAGER TO EXECUTE THE NECESSARY DOCUMENTS FOR SAID PURPOSE; REQUIRING
THAT DOCUMENTATION EFFECTUATING MATTERS ALLOWED AND AUTHORIZED BY THIS
RESOLUTION BE IN A FORM ACCEPTABLE TO THE CITY ATTORNEY.
Sponsors:
Notes:
Indexes:
Attachments: 09-00184 Legislation.pdf,09-00184 Exhibit.pdf,09-00184 Summary Form.pdf,09-00184 Public
Notice.pdf,09-00184 Letter.pdf,09-00184 Pre Legislation.pdf,09-00184 Exhibits.pdf,09-00184 Pre
City of Miami Page I Printed on 6/1/2017
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Miami, FL 33133
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Master Report
Enactment Number: R-09-0106
Agreement.pdf,09-00184 Pre Agreement 2.pdf,09-00184 Pre Legislation 2.pdf,09-00184 Pre
Exhibits.pdf,09-00184 Pre Agreement 3.pdf,09-00184 Text File Report.pdf,09-00184 Legal
Description.pdf,09-00184 Letters.pdf,09-00184 Corporation Papers.pdf,09-00184 Miami Dade
Maps.pdf,09-00184 Quit Claim Deed.pdf,09-00184 Quit Claim Deed 2.pdf,09-00184 Pre Agreement
4.pdf,09-00184 Pre Agreement 5.pdf,09-00184 Termination of Covenant.pdf,09-00184 Note
Agreement.pdf,09-00184 Exhibits 2.pdf,09-00184 Insurance.pdf,09-00184Letter.pdf,09-00184
Assumption Agreement.pdf,09-00184 Declaration of Covenants.pdf,09-00184 Assumption Agreement
2.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
2 Office of the City 3/11/2009 Review Pending
Attorney
2 City Commission 3/12/2009 ADOPTED Pass
2 Office of the City 3/13/2009 Reviewed and
Attorney Approved
2 Office of the Mayor 3/17/2009 Signed by the Mayor Office of the City
Clerk
2 Office of the City Clerk 3/17/2009 Signed and Attested
by City Clerk
City of Miami Page 2 Printed on 6/1/2017