HomeMy WebLinkAboutsummary formDate: 4/6/2005
AGENDA, ITEM SUMMARY FORM cA
FILE ID: d 5- 4 O 10 CA.1 1
Requesting Department: Economic Development
Commission Meeting Date: 4/1412005 District Impacted: 3
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance 0 Discussion Item
❑ Other
Subject: Negotiation of Real Property for Affordable Housing
Purpose of Item:
Resolution authorizing the City Manager to negotiate for purchase, real property for activities related
to affordable housing in the East Little Havana Neighborhood Development Zone, as recommended
by the Little Havana Homeownership Advisory Board, with the purchase price not to exceed such
limits set by federal and state regulations, from funds available to the Little Havana Homeownership
Advisory Board.
Background Information:
The City Commission created a Little Havana Homeownership Advisory Board ("Advisory Board")
to advise and initiate the Little Havana Homeownership Initiative. The Advisory Board was directed.
to emphasize an initiative that will preserve the area's urban fabric while creating homeownership
opportunitites in a neighborhood where less than 10% of the housing is owner occupied. The
Advisory Board would like to facilitate and accelerate the redevelopment of the area by assisting in
the identification of properties the City should pursue purchasing, subject to federal and state
regulations as to the purchase price. All negotiated purchase and sale agreements would be presented
to the City Commission for its approval. _
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 Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE1
CIP Budget
If using;pr r"eceiviing mite l fends
Grants Risk Management
Purc i n ' Dept. Directo,
Chie City Manager,
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