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HomeMy WebLinkAboutSummary FormDate: 711812006 AGENDA ITEM SUMMARY FORM PILE ID: fl " fl 6 3 Requesting Department: Community Development Commission Meeting ,Date : 9/141200 District Impacted: Type: Resolution ❑ Ordinance ❑ Emergency Ordinance 0 Discussion hem ❑ Other Subject: EXTENSION FOR RHHED Purpose of Item: ' GRANTING AN EXTENSION, UNTIL SEPTEMBER 30, 2006, TO RAFAEL HERNANDEZ 1 HOUSING AND ECONOMIC DEVELOPMENT CORPORATION'("RIMED") TO OBTAIN THE REQUIRED CERTIFICATE OF OCCUPANCY AND SELL ONE (1) NEW SINGLE `FAMILY j,HOME AT 3290 NORTHWEST 9 COURT, MIAMI, FLORIDA, TO A QUALIFIED LOW/MODERATE INCOME FAMILY; STATING THE INTENTION OF THE CITY COMMISSION RELATED TO THE CONVEYANCE OF TITLE; Background information: SEE ATTACHED Budeet Impact Analysis Is-t is kern related to revenue? Is This kern an expenditure? If so,please identify''unding source heiow. General Account No: Special Revenue Account No: CiP Project No: sth is item funded by Homeland Defense/Nei ghlrorhood Improv.emenI ids? Start Up Capital{Cost: M ain+ten ace Cost: Total Fiscal Impact: Final Approvals (SIGN AND DATE) UP Budget if using or receiving capital Funds Grants Risl: i 4anageme 'Chief Dept. Direct i h LI r,in Cry manager POOP 1 of 1 EXTENSION FOR RH14ED AGENDA SUMMARY ATTACHMENT BACKGROUND INFORMATION: • Rafael Hernandez Housing and Economic Development Corporation ("Rt 114ED") was designated by the Miami City Commission to construct single family homes on certain parcels, formerly owned by the City of Miami ("City"), in the Allapattah neighborhood • RHI-4ED has completed and sold the single-family homes located at 3453 Northwest 11 Court, 788 Northwest 35 Street, 229 Northwest 30 Street and 3300 Northwest 9 Court, Miami, Florida • Pursuant to Resolution No. 06-0276, adopted on May 11, 2006, the City Commission authorized the extension until June 2, 2006, to RH14ED to construct and sell one (1) new single family home at 3290 Northwest 9 Court, Miami, Florida • Due to issues related to the water connection, - a certificate of occupancy has not been obtained for the new single family home at 3290 Northwest 9 Court, Miami, Florida • RHHED has requested an extension to September 30, 2006 of the deadline to obtain the required certificate of occupancy and to cell such home • All other terms and conditions of the construction loan to RHI4ED will 'remain the same;