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Master Report
Enactment Number: 12436
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 03-0121
Version: 2
File Type: Ordinance Status: Passed
Reference: Controlling Body: Office of the City
Clerk
File Name: 234 Tower L.L.C. Introduced: 10/10/2003
Requester:
Cost: Final Action: 11/13/2003
Title: AN ORDINANCE OF THE MIAMI CITY COMMISSION ESTABLISHING A NEW SPECIAL
REVENUE FUND ENTITLED: "234 TOWER L.L.C. CONDOMINIUM PROJECT FUND";
AUTHORIZING THE ALLOCATION OF FUNDS FROM AFFORDABLE HOUSING TRUST FUND
ACCOUNT NO. 367101, IN THE AMOUNT OF $1,000,000, AND THE APPROPRIATION OF SAID
FUNDS INTO SAID SPECIAL REVENUE FUND; AUTHORIZING A GRANT IN THE AMOUNT OF
$1,000,000, TO 234 TOWER L.L.C., TO DEFER COSTS OF DEVELOPING A 196 UNIT
RESIDENTIAL/COMMERCIAL CONDOMINIUM PROJECT KNOWN AS "THE LOFT", TO BE
LOCATED AT 230-234 NORTHEAST 3RD STREET, MIAMI, FLORIDA, OF WHICH 102 OF THE
UNITS WILL BE PRICED NOT IN EXCESS OF (90) NINETY PERCENT OF MIAMI MEDIAN
SALES PRICE; AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY
DOCUMENT(S), IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, CONTINGENT UPON
234 TOWER L.L.C. PROVIDING EVIDENCE OF FIRM FINANCING FOR THE FULL PROJECT
AND THE RECEIPT OF A FULL AND COMPLETE APPRAISAL OF THE PROPOSED PROJECT
ACCEPTABLE TO THE CITY; CONTAINING A REPEALER PROVISION, A SEVERABILITY
CLAUSE, AND PROVIDING FOR AN EFFECTIVE DATE. .
Sponsors:
Notes:
Indexes:
Attachments: 03-0121 - cover memo-1.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
2 Office of the City 10/15/2003 Reviewed and
Attorney Approved
1 City Commission 10/23/2003 PASSED ON FIRST Pass
READING
2 City Commission 11/13/2003 ADOPTED Pass
2 Office of the Mayor 11/18/2003 Signed by the Mayor
City of Miami Page 1 Printed on 8/18/2016