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NEW MIAMI
To: Honorable Mayor and Members of the City Comm}�Ss
From: Marva L. Wiley, President/CEO, Model City Trust
Subject: Transfer of Property to Palmetto Homes
Date: April 29, 2004
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RECOMMENDATION:
It is respectfully requested that the City Commission adopt the attached
Resolution authorizing the conveyance of six (6) City -owned vacant parcels
located in the Model City neighborhood to Palmetto Homes of Miami, Inc., a for -
profit corporation, as Developer at no cost for the development of eight (8) new
single family homes affordable to families and individuals of low-income; and
further authorizing the City Manager to execute all necessary document(s), in a
form acceptable to the City Attorney, subject to applicable City Code provisions.
BACKGROUND:
As you may recall, the City Commission approved the transfer of certain
properties located within the boundaries of the Model City Homeownership
Zone to the Model City Community Revitalization District Trust ("Model City
Trust")
The Board of Directors of the Model City Trust approved the transfer of the
following properties for the construction of affordable housing:
• 5812 NW 15th Avenue, Orange Heights 14-62, Lot 19, Block 15, 01-3114-035-
2890
• 1513 NW 58th Street, Orange Heights 14-62, Lot 20, Block 15, 01-3114-035-
2900
• 1527 NW 58th Street, Orange Heights 14-62, Lots 21-23, Block 15, 01-3114-
035-2910
• 1611 NW 58th Street, Orange Heights 14-62, Lot 25, Block 15, 01-3114-035-
2940
• 1615 NW 58th Street, Orange Heights 14-62, Lot 26, Block 15, 01-3114-035-
2950
• 1621 NW 58th Street, Orange Heights 14-62, Lot 27, Block 15, 01-3114-035-
2890
City Commission approval of this action would be subject to and contingent
upon Palmetto Homes of Miami, Inc.:
1.) providing evidence acceptable to the City of firm commitments for
project construction and permanent financing for purchase by
qualified homebuyers;
2.) commencing construction within twelve (12) months from the date
of conveyance by the City;
3.) complying with other terms and conditions, including parcel
reverter provisions, as deemed appropriate by the City Manager
and the City Attorney; and
4.) providing the administration with a status report concerning the
title to the parcels within ninety (90) days from the date of
conveyance.
Palmetto Homes of Miami, Inc. is required to commence construction on the
City -owned parcels within twelve (12) months from the date of conveyance by
the City of said parcels will revert back to the City.
It is recommended that the City Commission authorize the conveyance of the six
(6) City -owned vacant parcels to Palmetto Homes of Miami, Inc. at no cost for the
development of eight (8) new single family homes affordable to families and
individuals of low income and subject to the provisions listed above and further
authorize the City Manager to execute all necessary document(s), in a form
acceptable to the City Attorney, subject to applicable City Code provisions.