HomeMy WebLinkAboutR-07-0053City of Miami
Legislation
Resolution: R-07-0053
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-00116 Final Action Date: 1/25/2007
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO: (A) CONVEY, WITH PARCEL REVERTER
PROVISIONS, EIGHT (8) CITY OF MIAMI OWNED PARCELS OF LAND DIRECTLY
TO THE DEVELOPERS, AS DESCRIBED IN EXHIBIT "A," ATTACHED AND
INCORPORATED, FOR THE CONSTRUCTION OF AFFORDABLE HOUSING FOR
ELIGIBLE LOW AND MODERATE INCOME PERSONS, AND (B) AUTHORIZE THE
TRANSFER OF FUNDS, IN THE AMOUNT OF $150,000, FROM THE AFFORDABLE
HOUSING TRUST FUND; ALLOCATING SAID FUNDS, IN THE FORM OF A
TWENTY (20) YEAR FORGIVABLE LOAN, TO BETTER WAY OF MIAMI, INC., FOR
THE DEVELOPMENT OF AFFORDABLE HOUSING; FURTHER AUTHORIZING THE
CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS, FOR SAID
PURPOSE.
WHEREAS, the Administration is recommending the conveyance, with parcel reverter provisions,
of eight City owned parcels of land to the developers, as described in Exhibit "A," attached and
incorporated; and
WHEREAS, developers will have twelve (12) months from the date of land conveyance to begin
construction and will have an additional 12 months to complete construction; and
WHEREAS, Habitat for Humanity of Greater Miami, Inc. and Better Way of Miami, Inc. will develop
rental housing units with a twenty year affordability period; and
WHEREAS, Palmetto Homes of Florida, Inc. and Foster Construction of South Florida, Inc. will
develop homeownership housing units where buyers for these units must be approved by the City of
Miami; and
WHEREAS, the Administration is also recommending the transfer of funds, in the amount of
$150,000, from the Affordable Housing Trust fund; allocating said funds, in the form of a twenty (20)
year forgivable loan, to Better Way of Miami, Inc. for the development of affordable housing units;
and
WHEREAS, the loan will be forgivable after the twenty (20) year affordability period has expired;
and
WHEREAS, the City will be meeting and working with Habitat for Humanity of Greater Miami, Inc.,
Palmetto Homes of Florida, Inc. and Foster Construction of South Florida, Inc. in an effort to address
funding related issues; and
WHEREAS, any funding recommendations for the aforementioned developers must be approved
by the Housing and Commercial Loan Committee;
City of Miami
Page 1 of 2 File Id: 07-00116 (Version: 2) Printed On: 3/13/2017
File Number: 07-00116 Enactment Number: R-07-0053
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
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 City Manager is authorized {1} to: (a) convey, with parcel reverter provisions, eight
(8) City -owned parcels of land to the developers, as described in Exhibit "A," attached and
incorporated and (b) authorize the transfer of funds, in the amount of $150,000, from the Affordable
Housing Trust fund, with funds allocated, in the form of a twenty (20) year forgivable loan, to Better
Way of Miami, Inc., for the development of affordable housing units.
Section 3. The City Manager is further authorized{1} to execute the necessary documents, for
said purpose.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}
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.
City of Miami Page 2 of 2 File Id: 07-00116 (Version: 2) Printed On: 3/13/2017