HomeMy WebLinkAboutR-07-0208City of Miami
Legislation
Resolution: R-07-0208
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-00470 Final Action Dat
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S
RESCINDING RESOLUTION NO. 07-0172, ADOPTED MARCH 22, 2007;
APPROVING THE SALE OF CERTAIN CITY OF MIAMI ("CITY") OWNE
TO PROGRESSIVE VISION COMMUNITY DEVELOPMENT CORPO
("PROGRESSIVE"), AS SPECIFIED IN "EXHIBIT A," ATTACHED
INCORPORATED; AUTHORIZING THE CITY MANAGER TO EXE
PURCHASE AND SALE AGREEMENT(S), AND TO EXECUTE SUC
DOCUMENTS AS MAY BE NECESSARY TO CONSUMMA
IN ACCORDANCE WITH THE TERMS AND CONDITIO
AGREEMENT(S), WHICH TERMS MAY BE AMENDE
MAY BE NECESSARY IN ORDER TO MEET THE BE
AUTHORIZING PROGRESSIVE'S ASSIGNMEN
AGREEMENTS(S) SUBJECT TO THE PRIOR CO
WHEREAS, Progressive Vision Commu •ty
developing a project know as Friendship Vi
including ground floor retail and parking ("Proj
WHEREAS, the Administratio
of Miami ("City") owned parcels,
Project; and
WHEREAS, the P
be contingent upon
Project from the Flo
31, 2007; and
WH
the Cit
WH
s recommen
specified on
nd
ressive obtai
, it is anticipe
ertain Aer co
ny cost
SU
THE CIT
TERESTS
URCHA
E
AS
THE CITY;
AND SALE
MANAGER.
on, Inc. ("Progressive") is
it affordable rental housing development,
conveyance to Progressive of certain City
hib ("Property"), for the development of the
t(s) for the sale of the Property to Progressive will
and of Low Income Housing Tax Credits for the
nce Corporation, and will have an expiration date of December
rogressive will assign the Purchase and Sale Agreement(s) with
s for the development of the Project; and
ociated with the project/Property paid by the City, will be reimbursed
RE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
ection 1. The recitals and findings contained in the Preamble to this Resolution are adopted by
re ice and incorporated as if fully set forth in this Section.
Section 2. The sale to Progressive of certain City -owned parcels, as specified in "Exhibit A,"
attached and incorporated, is approved.
City of Miami
Rescinded by R-11-0121
Page 1 of 2 File Id: 07-00470 (Version: 1) Printed On: 3/23/2017
File Number: 07-00470 Enactment Number: R-07-0208
Section 3. The City Manager is authorized {1} to execute a Purchase and Sale Agreement(s) for
the sale of the Property to Progressive, and to execute such other documents as may be necessary
to consummate such transaction in accordance with the terms and conditions of such Agreement(s),
which terms may be amended by the City Manager as may be necessary in order to meet the best
interests of the City.
Section 4. Progressive is authorized to assign such Purchase and Sale Agreements(
the prior consent of the City Manager.
Section 5. This Resolution shall become effective immediately upon its adopt.
the Mayor.{2}
Footnotes:
{1} The herein authorization is further subject to compliance
imposed by the City Attorney, including but not limited to
and Code provisions.
{2} If the Mayor does not sign this Resolution, it shall becom
days from the date it was passed and adopted. I
effective immediately upon override of the veto b
that may be
licable City Charter
nd of ten calendar
olution, it shall become
City of Miami Page 2 of 2
Rescinded by R-11-0121
File Id: 07-00470 (Version: 1) Printed On: 3/23/2017