HomeMy WebLinkAboutLegislationFile Number: 10-00761
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
GRANTING MIAMI DREAM HOMES INVESTMENT GROUP, INC., AN EXTENSION
OF TIME TO COMPLETE THE CONSTRUCTION AND CONVEY TO THE CITY,
THE COMMUNITY DEVELOPMENT BUILDING PROJECT LOCATED AT 1525
NORTHWEST 60TH STREET, MIAMI, FLORIDA, LEGALLY DESCRIBED IN
EXHIBIT "A", ATTACHED AND INCORPORATED, FROM JUNE 30, 2010 TO
DECEMBER 30, 2010; 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, on September 27, 2005, a Quit Claim Deed was executed between the City and Miami
Dream Homes Investment Group, Inc. ("Miami Dream Homes"); and
WHEREAS, on April 28, 2006, the Housing and Commercial Loan Committee approved the
allocation of $796,993 in Home Investment Partnership ("HOME") Program funds and $240,007 in
State Housing Initiative Partnership Program ("SHIP") funds in connection with the development of the
Community Development ("CD") Building project; and
WHEREAS, on July 5, 2006 Loan Agreements in the amounts of $796,993 in HOME funds and
$240,007 in SHIP funds were executed between the City and Miami Dream Homes; and
WHEREAS, pursuant to Resolution No. 06-0329, adopted May 25, 2006, the Miami City
Commission amended Resolution No. 05-0357 to reflect the parcel located at 1525 Northwest 60th
Street, Miami, Florida, to be developed as a new construction multi -family rental project consisting of
seven (7) units for low income persons and said property will be conveyed to the City upon issuance of
a Certificate of Occupancy; and
WHEREAS, 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 8, 2007, the Miami City
Commission approved the modification of condition/restriction No. 5 of the Corrective Quit Claim Deed,
dated July 5, 2006, approving the extension of the commencement of construction to 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
City of Miami Page I of 3 File Id: 10-00761 (Version: 1) Printed On: 6/17/2010
City of Miami
City Hall
3500 Pan American
^
Legislation
Drive
Miami, FL 33133
www.miamigov.com
Resolution
File Number: 10-00761
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
GRANTING MIAMI DREAM HOMES INVESTMENT GROUP, INC., AN EXTENSION
OF TIME TO COMPLETE THE CONSTRUCTION AND CONVEY TO THE CITY,
THE COMMUNITY DEVELOPMENT BUILDING PROJECT LOCATED AT 1525
NORTHWEST 60TH STREET, MIAMI, FLORIDA, LEGALLY DESCRIBED IN
EXHIBIT "A", ATTACHED AND INCORPORATED, FROM JUNE 30, 2010 TO
DECEMBER 30, 2010; 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, on September 27, 2005, a Quit Claim Deed was executed between the City and Miami
Dream Homes Investment Group, Inc. ("Miami Dream Homes"); and
WHEREAS, on April 28, 2006, the Housing and Commercial Loan Committee approved the
allocation of $796,993 in Home Investment Partnership ("HOME") Program funds and $240,007 in
State Housing Initiative Partnership Program ("SHIP") funds in connection with the development of the
Community Development ("CD") Building project; and
WHEREAS, on July 5, 2006 Loan Agreements in the amounts of $796,993 in HOME funds and
$240,007 in SHIP funds were executed between the City and Miami Dream Homes; and
WHEREAS, pursuant to Resolution No. 06-0329, adopted May 25, 2006, the Miami City
Commission amended Resolution No. 05-0357 to reflect the parcel located at 1525 Northwest 60th
Street, Miami, Florida, to be developed as a new construction multi -family rental project consisting of
seven (7) units for low income persons and said property will be conveyed to the City upon issuance of
a Certificate of Occupancy; and
WHEREAS, 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 8, 2007, the Miami City
Commission approved the modification of condition/restriction No. 5 of the Corrective Quit Claim Deed,
dated July 5, 2006, approving the extension of the commencement of construction to 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
City of Miami Page I of 3 File Id: 10-00761 (Version: 1) Printed On: 6/17/2010
File Number., 10-00761
affordable housing construction project on the property described in Exhibit "A", to said Resolution,
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 granted Miami Dream homes an extension of time to complete construction of the CD
Building project and for the conveyance of the property from April 30, 2009 to December 31, 2009; and
WHEREAS, on May 1, 2009 an Amended Corrective Quit -Claim Deed was executed between the
City and Miami Dream Homes; and
WHEREAS, on September 18, 2009, the Housing and Commercial Loan Committee approved an
additional allocation of $100,000 in Housing Opportunities for Person with AIDS ("HOPWA") funds that
will assist with the completion of the project and make the project financially feasible; and
WHEREAS, on October 30, 2009, the developer submitted a request for an extension of the
construction completion date from December 31, 2009 to June 30, 2010; and e
WHEREAS, pursuant to Resolution No. 09-0565, adopted December 17, 2009, the Miami City
Commission approved an extension of time to complete construction and convey to the City the CD
Building project, from December 31, 2009 to June 30, 2010; and
WHEREAS, on January 22, 2010, the Second Amended Corrective Quit -Claim Deed was executed
between the City and Miami Dream Homes; and
WHEREAS, on February 5, 2010, a Loan Agreement in the amount of $100,000 in HOPWA funds
was executed between the City and Miami Dream Homes; and
WHEREAS, on May 26, 2010, Miami Dream Homes submitted a request for the extension of the
construction commencement and completion date; and
WHEREAS, the construction sites 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, were completed and the properties were sold with the exception of the property
located at 1543 Northwest 59th Street, Miami, Florida; and
WHEREAS, the Administration recommends granting Miami Dream Homes an extension of time to
complete construction of the CD Building Project located at 1525 Northwest 60th Street, Miami,
Florida, legally described in Exhibit "A", attached and incorporated, from June 30, 2010 to December
30, 2010, and for the conveyance of the project to the City;
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 time to
complete the construction and convey to the City, the CD Building Project located at 1525 Northwest
60th Street, Miami, Florida, legally described in Exhibit "A", attached and incorporated, from June 30,
City of Miami Page 2 of 3 File Id: 10-00761 (Version: 1) Printed On: 611712010
File Number. 10-00761
2010 to December 30, 2010.
Section 3. It is in the intention of the City Commission that title to the parcel 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:
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 ofMianri Page 3 of 3 File Id: 10-00761 (Version: 1) Printed On: 6/17/2010