HomeMy WebLinkAboutPre LegislationCity of Miami
Certified Copy
File Number: 07-00399
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Enactment Number: R-07-0173
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE RESCISSION OF RESOLUTION NO. 06-0423, ADOPTED
JULY 13, 2006, AND THE TERMINATION OF THE PURCHASE AND SALE
AGREEMENT BETWEEN THE CITY OF MIAMI ("CITY") AND MADISON
HOUSING, LTD., DATED AUGUST 1, 2006; FURTHER AUTHORIZING THE
CONVEYANCE, WITH PARCEL REVERTER PROVISIONS, OF CERTAIN CITY
OWNED PARCELS OF LAND, TRACTS B AND D AS LEGALLY DESCRIBED IN
EXHIBIT "A," ATTACHED AND INCORPORATED, TO MADISON HOUSING,
LTD., FOR THE DEVELOPMENT OF AFFORDABLE RENTAL AND/OR
HOMEOWNERSHIP UNITS ("PROJECT"); REQUIRING SAID DEVELOPER'S
ASSUMPTION OF $1,237,875, OF THE CITY'S INVESTMENT IN THE PROJECT
AND THE PROPERTY; AUTHORIZING THE CITY MANAGER TO EXECUTE A
PURCHASE AND SALE AGREEMENT, IN SUBSTANTIALLY THE ATTACHED
FORM, AND ALL OTHER NECESSARY DOCUMENTS FOR SAID PURPOSE.
WHEREAS, pursuant to Resolution No. 06-0423, adopted July 13, 2006, the City Commission
approved the conveyance of certain City of Miami owned parcels (the "Property") to Madison Housing,
Ltd., for the development of affordable rental and/or homeownership units; and
WHEREAS, Madison Housing, Ltd. has requested that to assist with its application for Florida
Housing Finance Corporation tax credits, a portion of the Property, Tracts B and D as legally described
on Exhibit 'A" be conveyed to Madison Housing, Ltd., and a portion of the Property, Tracts A and C as
legally described on Exhibit "B," be conveyed to the Madison Housing II, Ltd., both being partnerships
including affiliates of Gatehouse Group, Inc. and Mt. Zion Developments, Inc.; and
WHEREAS, Madison Housing, Ltd. will have twelve (12) months from the date of conveyance of
Tracts B and D to start, and thirty (30) months to complete, construction of at least 75 units (the
"Project"); and
WHEREAS, in the event that the construction of the Project is allocated funding by the City of
Miami ("City") Housing and Commercial Loan Committee, the time frames for commencement and
completion of construction shall be subject to the standard time frames adopted by the Housing and
Commercial Loan Committee;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings continued in the Preamble to this Resolution are adopted by
reference and incorporated as if fully sets forth in this Section.
Section 2. The rescission of Resolution No. 06-0423, adopted July 13, 2006 and the termination of
the Purchase and Sale Agreement between the City of Miami and Madison Housing, Ltd., dated
City of Miami Page I of 3 R-07-0173
File Number: 07-00399
August 1, 2006, are approved.
Enactment Number: R-07-0173
Section 3. The conveyance to Madison Housing, Ltd., with parcel reverter provisions, of certain
City owned parcels of land, Tracts B and D as legally described in Exhibit "A," attached and
incorporated, for the Project having at least 75 units, is authorized.
Section 4. The conveyance shall be subject to the condition that Madison Housing, Ltd. shall have
twelve (12) months from the date of conveyance of the property to start, and thirty (30) months to
complete, construction. In the event that the construction of the Project is allocated funding by the City
Housing and Commercial Loan Committee, the time frames for commencement and completion of
construction shall be the standard time frames adopted by the Housing and Commercial Loan
Committee.
Section 5. The assumption by Madison Housing, Ltd. of $1,237,875, of the City's investment in the
Project and the Property, is required.
Section 6. The City Manager is authorized {1} to execute a purchase and sale agreement, in
substantially the attached form, and all other all necessary documents for said purpose.
Section 7. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor {2).
Date: MARCH 22, 2007
Mover: COMMISSIONER SPENCE-JONES
Seconder: COMMISSIONER REGALADO
Vote: AYES: 5 - COMMISSIONER GONZALEZ, SARNOFF, SANCHEZ, REGALADO AND
SPENCE-JONES
Action: ADOPTED WITH MODIFICATIONS
Date: MARCH 27, 2007
Action: SIGNED BY THE MAYOR
Citv of Miami Pnoc 2 of 3 D 11 1-
1
File Number: 07-00399 Enactment Number: R-07-0173
I, Priscilla A. Thompson, City Clerk of the City of Miami, Florida, and keeper of the records thereof, do
hereby certify that this constitutes a true and correct copy of Resolution No. R-07-0173, with
attachments, passed by the City Commission on 312212007.
March 18, 2008
Date Certified
(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 Code
provisions.
{2) If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) 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.
City of Miami Page 3 of 3 a 07 M 7a
City of Miami
.s
} Legislation
Resolution
File Number: 07-00399
SI. 2—SUBSTITUTE ITEM
MARCH 22, 2007
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE RESCISSION OF RESOLUTION NO. 06-0423, ADOPTED
JULY 13, 2006, AND THE TERMINATION OF THE PURCHASE AND SALE
AGREEMENT BETWEEN THE CITY OF MIAMI ("CITY") AND MADISON
HOUSING, LTD., DATED AUGUST 1, 2006; FURTHER AUTHORIZING THE
CONVEYANCE, WITH PARCEL REVERTER PROVISIONS, OF CERTAIN CITY
OWNED PARCELS OF LAND, TRACTS B AND D AS LEGALLY DESCRIBED IN
EXHIBIT 'A" ATTACHED AND INCORPORATED, TO MADISON HOUSING, LTD.,
FOR THE DEVELOPMENT OF AFFORDABLE RENTAL AND/OR
HOMEOWNERSHIP UNITS ("PROJECT'); REQUIRING SAID DEVELOPER'S
ASSUMPTION OF $1,237,875, OF THE CITY'S INVESTMENT IN THE PROJECT
AND THE PROPERTY; AUTHORIZING THE CITY MANAGER TO EXECUTE A
PURCHASE AND SALE AGREEMENT, IN SUBSTANTIALLY THE ATTACHED
FORM, AND ALL OTHER NECESSARY DOCUMENTS FOR SAID PURPOSE.
WHEREAS, pursuant to Resolution No, 06-0423, adopted July 13, 2006, the City Commission
approved the conveyance of certain City of Miami owned parcels (the "Property") to Madison Housing,
Ltd., for the development of affordable rental and/or homeownership units; and
WHEREAS, Madison Housing, Ltd. has requested that to assist with its application for Florida
Housing Finance Corporation tax credits, a portion of the Property, Tracts B and D as legally described
on Exhibit "A," be conveyed to Madison Housing, Ltd., and a portion of the Property, Tracts A and C as
legally described on.Exhibit "B," be conveyed to the Madison Housing 11, Ltd., both being partnerships
including affiliates of Gatehouse Group, Inc. and Mt. Zion Developments, Inc.; and
WHEREAS, Madison Housing, Ltd. will have twelve (12) months from the date of conveyance of
Tracts B and D to start, and thirty (30) months to complete, construction of at least 75 units (the
"Project"); and
WHEREAS, in the event that the construction of the Project is allocated funding by the City of
Miami ("City") Housing and Commercial Loan Committee, the time frames. for commencement and
completion of construction shall be subject to the standard time frames adopted by the Housing and
Commercial Loan Committee;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings continued in the Prtd�
reference and '�+µ°"�0`►� Silo_
a n$a CAN BE
City Of Mianrd �.. A'Y' !"' $ 9 f .. ;w ! 4? l . i 1 c_ On: 3/21/2007
File !Number. 07-00399
Section 2. The rescission of Resolution No. 06-0423, adopted July 13, 2006 and the termination of
the Purchase and Sale Agreement between the City of Miami and Madison Housing, Ltd., dated
August 1, 2006, are approved.
Section 3. The conveyance to Madison Housing, Ltd., with parcel reverter provisions, of certain
City owned parcels of land, Tracts B and D as legally described in Exhibit "A," attached and
incorporated, for the Project having at least 75 units, is authorized.
Section 4. The conveyance shall be subject to the condition that Madison Housing, Ltd. shall have
twelve (12) months from the date of conveyance of the property to start, and thirty (30) months to
complete, construction. In the event that the construction of the Project is allocated funding by the City
Housing and Commercial Loan Committee, the time frames for commencement and completion of
construction shall be the standard time frames adopted by the Housing and Commercial Loan
Committee.
Section 5. The assumption by Madison Housing, Ltd. of $1,237,875, of the City's investment in the
Project and the Property, is required.
Section 6. The City Manager is authorized (1) to execute a purchase and sale agreement, in
substantially the attached form, and all other all necessary documents for said purpose.
Section 7. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor {2).
APPROVED AS TO FORM AND CORRECTNESS:
' ORGE� FCRW
CITY A O NEY
Footnotes:
{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 Code
provisions.
{2) If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) 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.
THIS D0�"U',"1. : T01
ORIGINAL
SEEN AT END OF'
T 4 s= L CAN BE
OCUME-1N
City of Miami Page 2 of 2 Printed On: 3/1111007
File NuNberi 07-00399
City of Miami
Hall
3500 Pan American
Drive
Legislation
Miami, FL 33133
www.mlamlgov.com
Resolution
Final Action Dater
A RE6 UTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS,
AU
THO NG RESCINDING RESOLUTION NUMBER 06-0423; FURTHER
AUTHORI2
NG THE CONVEYANCE, WITH PARCEL REVERTER PROVISIONS,
CERTAIN C OWNED PARCELS OF LAND, LEGALLY DESCRIBED IN EXHIBIT
"A", TO MADIS HOUSING LTD FOR THE DEVELOPMENT OF AFFORDABLE
RENTAL AND/O OMEOWNERSHIP UNITS {"PROJECT"); REQUIRING SAID
DEVELOPER'S AS MPTION OF THE CITY'S TOTAL INVESTMENT IN THE
PROJECT AND THE OPERTY; AUTHORIZING THE CITY MANAGER TO
EXECUTE ALL NECE RY DOCUMENTS FOR SAID PURPOSE.
WHEREAS, pursuant to Resolution S-0423, adopted July 13, 2006, the City Commission
approved the conveyance of certain cityMlami owned parcels to Madison Housing, Ltd for the
development of affordable rental and/or ho eownership units; and
WHEREAS, the City's total Investment In th Project and the Property Is in the amount of
$1,650,608.60; and
WHEREAS, the Developer will have twelve (12) nths from the date of conveyance the Property
to start and thirty (30) months to complete construction a first phase of at least 75 units; and
NOW, THEREFORE, BE IT RESOLVED BY THE COMMIS N OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings continued In the Preamble this Resolution are adopted by
reference and Incorporated as if fully sets forth In this Section.
Section 2.Resclnding Resolution Number 06.0423, is approved.
Section 3, The City Manager is authorized (1) to convey, with parcel revs er conditions, certain City of
Miami owned parcels of land, legally described In Exhibit "A", attached and corporated, TO Madison
Housing, Ltd. for the development of affordable rental and/or homeownership nits,
Section 4. The Developer's assumption of the City's total Investment Is the projec nd the property, is
approved.
Sectlon 5, The City Manager Is authorized to execute all necessary documents for seld X
pose.
Sootnotoa ; 91{tongwl
City ajMiami Paps I qj7 Print►d Ow 311512007
FI umber. 07-00399
{t} herein authorization Is further subject to compliance with all requirements that may be Imposed
by the 04y Attomay, Including but not limited to those prescribed by applicable City Charter and Code
{2} If the May does not sign this Resolution, it shall become effective at the and of ten (10) calendar
days from the dke it was passed and adopted. If the Mayor vetoes this Resolution, it shall become
effective lrnrnedlafbJy upon override of the veto by the City Commission.
00 Of, Pay*7 oft Prided Ont d/1"967