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Resolution
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Drive
Miami, FL 33133
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File Number: 05-00377 Final Action Ante:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO EXECUTE AMENDMENT NO. ONE, IN
SUBSTANTIALLY THE ATTACHED FORM, TO THE AGREEMENT WITH
FLAGLER FIRST CONDOMINIUMS, LLC, RELATING TO THE REDEVELOPMENT
OF AN AFFORDABLE HOUSING CONDOMINIUM PROJECT KNOWN AS
FLAGLER FIRST CONDOMINIUM, LOCATED AT 101 EAST FLAGLER STREET,
MIAMI, FLORIDA ("PROJECT"), PROVIDING AN EXTENSION OF THE DEADLINE
FOR THE RECEIPT OF CERTIFICATES OF OCCUPANCY AND THE SALE OF
EIGHTY-ONE (81) OF THE PROJECT'S RESIDENTIAL CONDOMINIUM UNITS,
UNTIL DECEMBER 23, 2006.
WHEREAS, the City of Miami ("City") entered into an Agreement (the "Agreement") with Flagler
First Condominiums, LLC (the "Developer") relating to the redevelopment of an affordable housing
condominium project, known as Flagler First Condominium, located at 101 East Flagler Street, Miami,
Florida, to consist of no less than ninety (90) affordable residential condominium units and
approximately 7,000 square feet of retail space (the "Project"); and
WHEREAS, In accordance with the Agreement the Developer is required to obtain certificates of
occupancy for the Project and sell eighty-one (81) of the Project's residential condominium units by
June 23, 2005; and
WHEREAS, the Developer has experienced delays beyond its reasonable control in conducting
extensive structural testing as required by the City (Including complete asbestos abatement), in
vacating tenants and in bringing the building's premises to current hurricane/wind Toad and fire code
requirements, which has resulted in a delay in the completion of the plans not initially contemplated by
the Developer; and
WHEREAS, for the aforesaid reasons the Developer has requested an extension until December
23, 2006 for the receipt of Project certificates of occupancy and the sale of eighty-one (81) of the
Project's residential condominium units;
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
reference and incorporated as if fully set forth in this Section.
Section 2. The City Manager is authorized(1) to execute Amendment No. One, in substantially the
attached form, to the Agreement with the Developer, relating to the Project, to provide an extension for
the receipt of certificates of occupancy and the sale of eighty-one (81) of the Project's residential
condominium units, until December 23, 2008.
Clry of Mlaml Page 1 of 2 Printed On: 5/9/200.1
File Number. 05-00377
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Section 3, This Resolution shall become effective Immediately upon Its adoption and signature of
the Mayor(2)
APPROVED AS TO FORM AND CORRECTNESS
JOR
CIT
ERNANDEZ
NEY
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 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 2 of Printed On; 5/9 200S
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