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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.ci.miami.fl.us File Number: 05-01040 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE TRANSFER OF 30TH YEAR COMMUNITY DEVELOPMENT GRANT FUNDS, AS SPECIFIED IN "ATTACHMENT A," ATTACHED AND INCORPORATED, IN THE TOTAL AMOUNT OF $500,000; ALLOCATING SAID FUNDS TO NEIGHBORS AND NEIGHBORS ASSOCIATION, INC., FOR THE REHABILITATION OF THE BUILDING FACADES FOR BUSINESSES BETWEEN NORTHWEST 54TH AND 58TH STREET ALONG NORTHWEST 7TH AVENUE, MIAMI, FLORIDA; AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, WITH SAID AGENCY, FOR SAID PURPOSE. WHEREAS, the Oshun Village Project is a commercial revitalization program that consists of renovating the building facades between Northwest 54th and 58th Street along Northwest 7th Avenue, Miami, Florida; and WHEREAS, the funding will be for the physical rehabilitation and enhancement of the building facades and the property exterior area adjacent to the major commercial road right of ways; and WHEREAS, it is a pilot program in which the merchant/owners will be required to contribute to the cost of renovating their business, not exceeding 10% of the total cost allocated to their property; and WHEREAS, participating property owners will be required to reimburse the City of Miami ("City") if the property is sold before five (5) years, at a declining rate as follows: first year- 100%, second year- 75%, third year- 50%, fourth year- 25%, and fifth year- 10%; and WHEREAS, in addition to allowable repairs, the program will work with the City's Neighborhood Enhancement Team offices to correct exterior code violations; and WHEREAS, participating businesses will be required to commit to make available, if any jobs are created, for low and moderate income City's residents; and WHEREAS, Miami -Dade County, will contribute $200,000 for said program; and NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The transfer of 30th Year Community Development Block Grant funds, as specified in "Attachment A," attached and incorporated, in the total amount of $500,000 and the allocation of said funds to Neighbors and Neighbors Association, Inc., for the rehabilitation of the building facades for businesses between Northwest 54th and 58th Street along Northwest 7th Avenue, Miami, Florida, is City of Miami Page 1 of 2 Printed On: 9/13/2005 File Number: 05-01040 authorized. Section 3. The City Manager is authorized{1} to execute an Agreement, in substantially the attached form, with said agency, for said purpose. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{2} APPROVE AS TO FORM AND CORRECTNESS:t' JORG L. ERNANDEZ C TY - ' RNEY 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 2 Printed On: 9/13/2005