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Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.ci.miami.ti.us
File Number: 06-01192 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CONVEYANCE, WITH PARCEL REVERTER PROVISIONS,
OF CERTAIN CITY OF MIAMI ("CITY") OWNED PARCELS OF LAND, AS
LEGALLY DESCRIBED 1N EXHIBIT "A," ATTACHED AND INCORPORATED
("PROPERTY"), TO MADISON HOUSING, LTD., FOR THE DEVELOPMENT OF
AFFORDABLE RENTAL AND/OR HOMEOWNERSHIP UNITS ("PROJECT");
REQUIRING SAID DEVELOPER'S ASSUMPTION OF THE CITY'S TOTAL
INVESTMENT IN THE PROJECT AND THE PROPERTY; AUTHORIZING THE
CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENT(S) FOR SAID
PURPOSE.
WHEREAS, pursuant to Resolution No. 06-0284, adopted May 11, 2006, the City Commission
rescinded Resolution No. 05-0423, adopted July 7, 2005, related to the conveyance of land, legally
described in Exhibit "A" ("Property"), 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 ("City") for low
income persons ("Project"); and
WHEREAS, by Resolution No. 06-0284, the City Commission required that any future conveyance
of the Property be contingent upon the developer/grantee's assumption of the City's total investment in
the Project and the Property; and
WHEREAS, the City's total investment in the Project and the Property is in the amount of
$1,650,506,60; and
WHEREAS, Madison Housing, Ltd. consists of a partnership between Gatehouse Group, Inc. and
Mt. Zion Developments, Inc. ("Developer"); and
WHEREAS, both entities have extensive experience and involvement in the Overtown Community;
and
WHEREAS, the Developer will have twelve (12) months from the date of conveyance of the
Property to start, and thirty (30) months to complete, construction; and
WHEREAS, rental unit applicants must meet the income eligibility criteria of 80% below area
median income; and
WHEREAS, homeownership units applicants musts meet the income eligibility of 120% below area
median income;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
Ci{i' of Miami Page 1 of 2 Printed On: 6/30/2006
File Number: 06-01192
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 conveyance, with parcel reverter provisions, of certain City owned parcels of land,
as legally described in Exhibit "A," attached and incorporated, to the Developer, for the development of
affordable rental and/or homeownership units, is authorized.
Section 3. The conveyance of the Property to the Developer shall be subject to the condition that
the Developer have twelve (12) months from the date of conveyance of the Property to start, and
thirty (30) months to complete, construction.
Section 4. The Developer's assumption of the City's total investment in the Project and the
Property, is required.
Section 5. The City Manager is authorized {1) to execute all the necessary document(s) for said
purpose.
Section 6. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor {2}.
APPROVED AS TO FORM AND CORRECTNESS:
JORC I RNANDEZ
CITY A ' •' 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 (10) 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.
Cite of Miami
Page 2 of 2 Printed On: 6/30/2006