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HomeMy WebLinkAboutLegislationaF , City Hall City of Miami 3500 Pan American Drive * ISM?? OMT65 Legislation Miami, FL 33133 wvwr.miamigov.com Resolution File Number: 10-00760 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), GRANTING MIAMI DREAM HOMES INVESTMENT GROUP, INC., AN EXTENSION OF THE CONSTRUCTION COMMENCEMENT DATE ON THE PROPERTY LOCATED AT 6020 NORTHWEST 15TH AVENUE, MIAMI, FLORIDA, FROM JUNE 30, 2010 TO JULY 1, 2011, AND AN EXTENSION OF THE CONSTRUCTION COMPLETION DATE FROM JUNE 30, 2011 TO JUNE 30, 2012, FOR THE DEVELOPMENT OF A FIFTEEN (15) UNIT RENTAL PROJECT FOR LOW AND MODERATE INCOME PERSONS, AS DESCRIBED 1N EXHIBIT "A", ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS FOR SAID PURPOSE(S). WHEREAS, pursuant to Resolution No. 05-0357, adopted May 26, 2005, the Miami City Commission approved the conveyance, with title reverter conditions, of eleven (11) parcels of City of Miami ("City") owned land directly to developers for the construction of affordable housing for eligible low and moderate income persons; and WHEREAS, pursuant to said Resolution, six (6) of the eleven (11) parcels of City -owned land including 6020 Northwest 15th Avenue, Miami, Florida (the "properties"), were conveyed to Miami Dream Homes Investment Group, Inc. ("Miami Dream Homes"), by quit claim deed dated September 27, 2005, for the construction of affordable single family homes, and on July 5, 2006, a Corrective Quit -Claim Deed was executed between the City and Miami Dream Homes; and WHEREAS, pursuant to Resolution No. 07-0133, adopted March 08, 2007, the Miami City Commission approved the modification of condition/restriction No. 5 of the Corrective Quit Claim Deed, dated July 5, 2006, from the City to Miami Dream Homes to provide that construction on the Properties of one (1) of the above referenced single family homes must commence no later than July 1, 2007, and the reversion of the property located at 1477 Northwest 60th Street, Miami, Florida, to the City; and WHEREAS, pursuant to Resolution No. 08-0250, adopted May 8, 2008, the Miami City Commission granted Miami Dream homes an extension of time until April 30, 2009, to complete the affordable housing construction project on the Properties listed in Exhibit "A", and for the conveyance of the multi -family rental project to the City; and WHEREAS, pursuant to Resolution No. 09-0174, adopted April 2, 2009, the Miami City Commission approved an extension of construction commencement date on the property located at 6020 Northwest 15th Avenue, Miami,. Florida, to June 30, 2010 and a change to the construction completion date to June 30, 2011; and WHEREAS, on May 1, 2009 an Amended Corrective Quit -Claim Deed was executed; and City of Midmi Page I of 3 File Id: 10-00760 (Version: 1) Printed On: 6/1712010 File Number. 90-00760 . WHEREAS, on January 22, 2010, a Second Amended Corrective Quit -Claim Deed was executed between the City and Miami Dream Homes, and on May 26, 2010, Miami Dream Homes submitted a request for the extension of the construction commencement and completion dates; and WHEREAS, the Administration recommends granting Miami Dream Homes an extension of the construction commencement date on the property located at 6020 Northwest 15th Avenue, Miami, Florida, to July 1, 2011, and an extension of the construction completion date to June 30, 2012, for the development of a fifteen (15) unit rental project for low and moderate income persons, as indicated in Exhibit "A", attached and incorporated; and WHEREAS, Miami Dream Homes has completed and sold the single family homes on the parcels located at 1545 Northwest 58th Terrace, 1535 Northwest 58th Terrace, 1533 Northwest 58th Terrace, 1543 Northwest 59th Street, 1600 and 1610 Northwest 60th Street, Miami, Florida, with the exception of the property located at 1543 Northwest 59th Street, Miami, Florida, which has not been sold; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by referenced and incorporated as if fully set forth in this Section. Section 2. The Miami City Commission grants Miami Dream Homes an extension of the construction commencement date on the property located at 6020 Northwest 15th Avenue, Miami, Florida, to July 1, 2011, and an extension of the construction completion date to June 30, 2012, for the development of a fifteen (15) unit rental project for low and moderate income persons, as indicated in Exhibit "A", attached and incorporated. Section 3. It is in the intention of the Miami City Commission that title to the parcels described in Exhibit "A", attached and incorporated, shall be deemed to have remained in Miami Dream Homes from the date of conveyance, and that the extension of time granted herein shall be deemed to have been made on or before June 30, 2010. Section 4. The City Manager is authorized{1} to execute all necessary documents for said purpose(s). Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{2} APPROVED AS TO FORM AND CORRECTNESS: IBM I MWAFAI § a I r an] r City of Miami Page 2 of 3 File 1& 10-00760 (Version: 1) Printed On: 6/17/2010 File Number: 10-00760 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. City of Miami Page 3 of 3 File Id. 10-00760 (Version: 1) Printed On: 6/17/2010