HomeMy WebLinkAboutsummary formDate: 6/10/2005
AGENDA ITEM SUMMARY FORM
FILE ID: O5"QOGD2-
Requesting Department: Community Development
Commission Meeting Date: 7/7/2005 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Convey 40 Parcels of Land to Rockwood Properties. LLC.
Purpose of Item:
AUTHORIZING THE CONVEYANCE, WITH PARCEL REVERTER PROVISIONS, OF
CERTAIN CITY OWNED PARCELS OF LAND, DESCRIBED IN "EXHIBIT A", ATTACHED
AND INCORPORATED, TO ROCKWOOD PROPERTIES, LLC. FOR THE DEVELOPMENT OF
FORTY (40) SINGLE FAMILY AFFORDABLE UNITS, TWENTY-ONE (21) TO BE
SUBSIDIZED BY THE CITY OF MIAMI FOR ELIGIBLE LOW INCOME PERSONS
Background Information:
There is a pressing need for decent, affordable housing in the City of Miami;
The City recognizes the need for public and private sector participation to develop affordable housing
for low and moderate income families and individuals;
Rockwood Properties, LLC. has extensive experience in housing development.
Budget Impact Analysis
Is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Dept. Directo
Chi��� �/
,r Q City Manager
Final Approvals
(SIGN ANQ DATE)
Paec 1 of 1