HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FQRM
FILE ID: 0 2 0O V4 7C .
Date: 2/23/2007 Requesting Department: Community Development
Commission Meeting Date: 03/22/2007 District Impacted:
Type: ® Resolution ❑ Ordinance El Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: MADISON HOUSING 11, LTD: (TRACT A AND Cl
Purpose of Item:
A RESOLUTION OF THE MIAMI CITY COMMISSION, AUTHORIZING RESCINDING RESOULTION
NUMBER 06-0423; FURTHER AUTHORIZING THE CONVEYANCE, WITH PARCEL REVERTER
PROVISIONS, CERTAIN CITY OWNED PARCELS OF LAND, LEGALLY DESCRIBED IN EXHIBIT
"A", TO MADISON HOUSING II, LTD, FOR THE DEVELOPMENT OF AFFORDABLE RENTAL
AND/OR HOMEOWNERSHIP UNITS ("PROJECT'); AUTHORIZING THE CITY MANAGER TO
EXECUTE ALL NECESSARY DOCUMENTS FOR SAID PURPOSE.
Background Information:
Pursuant to Resolution 06-0423, adopted July 13, 2006, the City Commission approved the
conveyance of certain city of Miami owned parcels to Madison Housing II, Ltd for the development of
affordable rental and/or homeownership units; and
The Developer will have twelve (12) months from the date of conveyance the Property to start and
thirty (30) months to complete construction of a first phase of at least 40 units
CIP
Budget ImrractAnalvsis
Is this item related to revenue?
Is this item an expenditure? if so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Final Approvals
(SIGN AND 0ATE1
Budget
Gr>Ytili'lj'R or receiving capital funds Risk Managemegt
Purchasin Dept. Directo
Chief City Manage
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