HomeMy WebLinkAboutSummary FormDate: 5/01/2006
AGENDA ITEM SUMMARY FORM
FILE ID: Die- 64$ VI
Requesting Department: Community Development
Commission Meeting Date: 5/2 2006 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: AMENDING R-05-0357: MIAMI DREAM HOME INVESTMENT GROUP, INC.
Purpose of Item:
AMENDING RESOLUTION NO. 05-0357, ADOPTED MAY 25, 2005, TO REFLECT THE PARCEL
OF LAND CONVEYED TO MIAMI DREAM HOME INVESTMENT GROUP, INC. LOCATED AT 1525
NW 60 STREET, MIAMI, FLORIDA, WILL BE DEVELOPED AS A NEW CONSTRUCTION MULTI-
FAMILY RENTAL PROJECT CONSISTING OF SEVEN (7), UNITS FOR LOW INCOME PERSONS,
AS SPECIFIED IN ATTACHMENT "A", ATTACHED AND INCORPORATED; FURTHER
CLARIFYING THAT SAID PROPERTY WILL BE CONVEYED TO THE CITY OF MIAMI UPON
ISSUANCE OF A CERTIFICATE OF OCCUPANCY FOR THE PROJECT
Background Information:
Pursuant to Resolution No. 05-0357, the City Commission approved the conveyance, with parcel
reverter conditions, eleven parcels of City owned land directly to developers, for the construction of
affordable housing for eligible low and moderate income persons
Six (6) of the eleven parcels of City owned land were conveyed to Miami Dream Home Investment
Group, Inc.
The Administration is recommending the parcel of land located at 1525 NW 60 Street, Miami, Florida
be developed as a new construction multi- family rental project consisting of seven (7) units for low
income persons
Said property will be conveyed to the City of Miami upon issuance of a certificate of occupancy for
the project
Budget Impact Analysis
is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below.
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Dept.
Chie
Cit
Final Approvals
(SIGN AND DATA
Lrt