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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE IM: /0 -0023(q* Law Department Matter ID No. x0-618 10 Date: 02/24/2410 Requesting Department: Community Development Commission Meeting Date: 03/11/2010 District Impacted: 5 Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: CONVEYANCE OF 1620-1624 NW 58T" STREET TO CITY OF MIAMI DEPARTMENT OF OFF-STREET PARKING Purpose of Item: RESCINDING RESOLUTION NO. 06-1025, ADOPTED FEBRUARY 23, 2006, RELATING TO THE CONVEYANCE TO PALMETTO HOMES OF MIAMI, INC., WITH PARCEL REVERTER PROVISIONS, OF THE CITY OF MIAMI OWNED PARCELS OF LAND LOCATED AT 1620-1624 NORTHWEST 58TH STREET, MIAMI, FLORIDA, AS LEGALLY DESCRIBED IN EXHIBIT "A", ATTACHED AND INCORPORATED, FOR THE DEVELOPMENT OF AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME PERSONS; AUTHORIZING THE CITY MANAGER TO CONVEY, WITH PARCEL REVERTER PROVISIONS, SAID PARCELS OF LAND TO CITY OF MIAMI DEPARTMENT OF OFF-STREET PARKING FOR THE CONSTRUCTION OF PARKING LOTS; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS FOR SAID PURPOSE. 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 DefensaNeighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Approvals (SIGN AND DATE) CIP Budget Gran" is" or ncsivinR'cviW funds Risk Managem Purchasi Dept. Director - Chief City Manager AGENDA ITEM SUMMARY FORM CONTINUED Background Information: Pursuant to Resolution No. 01-1043, adopted September 25, 2001, the Miami City Commission authorized the City Manager to acquire the properties located at 1620-1624 Northwest 58th Street. On April 3, 2002, a Warranty Deed was executed between the City of Miami ("City") and the seller, M. Athalie Range. Pursuant to Resolution No. 05-0357 adopted on May 25, 2005, the Miami City Commission authorized the conveyance of the property located at 1620-1624 Northwest 58m Street to the City of Miami Department of Off -Street Parking for the construction of parking lots. Pursuant to Resolution No. 06-1025, adopted February 23, 2006, the Miami City Commission authorized the acceptance of the property located at 1620-1624 Northwest 58th Street from the City of Miami Department of Off -Street Parking and conveyance to Palmetto Homes of Miami Inc. for the development of affordable housing. The Administration recommends rescinding Resolution No. 06-1025, adopted February 23, 2006, relating to the conveyance to Palmetto Homes of Miami, Inc., with parcel reverter provisions of the City owned parcels of land located at 1620-1624 Northwest 58th Street, Miami, Florida, as legally described n Exhibit "A", attached and incorporated, for the development of affordable housing for low to moderate income persons; authorizing the City Manager to convey, with parcel reverter provisions, said parcels of land to the City of Miami Department of Off -Street Parking for the construction of parking lots.