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HomeMy WebLinkAboutPre-LegislationJ-03-177 2/26/03 RESOLUTION NO. 0 3 - 214 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CONVEYANCE OF SIX CITY -OWNED VACANT PARCELS LOCATED IN THE MODEL CITY NEIGHBORHOOD TO PALMETTO HOMES OF MIAMI, INC. AS DEVELOPER, AT NO COST, FOR THE DEVELOPMENT OF SIX NEW SINGLE-FAMILY HOMES AFFORDABLE TO FAMILIES AND INDIVIDUALS OF LOW-INCOME, SUBJECT TO THE DEVELOPER: (1) AGREEING TO PAY THE COST OF ELIMINATING ALL TITLE DEFECTS EXISTING ON THE PARCELS, (2) PROVIDING EVIDENCE ACCEPTABLE TO THE CITY OF FIRM COMMITMENTS FOR PROJECT CONSTRUCTION AND PERMANENT FINANCING FOR PURCHASE BY QUALIFIED HOMEBUYERS, (3) COMMENCING CONSTRUCTION WITHIN TWELVE MONTHS FROM THE DATE OF CONVEYANCE BY THE CITY, (4) COMPLYING WITH OTHER TERMS AND CONDITIONS INCLUDING PARCEL REVERTER PROVISIONS, AS DEEMED APPROPRIATE BY THE CITY MANAGER AND THE CITY ATTORNEY, AND (5) PROVIDING THE ADMINISTRATION WITH A STATUS REPORT CONCERNING THE TITLE TO THE PARCELS WITHIN NINETY (90) DAYS FROM THE DATE OF CONVEYANCE; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. WHEREAS, a severe shortage of affordable housing exists in the City of Miami ("City") for families and individuals in the low and moderate -income range; and CITY CO1 MISSION MEETING OF FED 77?P3 �_._Aeroeution-I3n,___... ___ ------ 03- 214 WHEREAS, pursuant to Resolution No. 99-429, adopted July 22, 1999, the City Commission approved the City's proposed Five -Year Consolidated Plan (1999-2004) ("Plan") for submission to the United States Department of Housing and Urban Development including, as a major component of the Plan, a housing strategy designed to facilitate the annual creation of 1,000 new homeownership units for purchase by very low, low and moderate -income families; and WHEREAS, the six parcels are located in the Model City Community Revitalization District and the Model City Revitalization Trust has confirmed that the development plan proposed by Palmetto Homes of Miami, Inc. ("Developer") conforms with the mission of the Model City Trust; and WHEREAS, Section 29-B of the City Charter, as amended, allows for the conveyance or disposition of City -owned property in connection with the implementation of City -assisted housing programs or projects intended to benefit persons or households of low or moderate -income without competitive bidding requirements and fair market value return to the City; 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. Page 2 o 03- 214 Section 2. The conveyance of the following six parcels at no cost to the Developer is authorized, subject to the Developer (1) agreeing to pay the cost of eliminating all title defects existing on the parcels, (2) providing evidence. acceptable to the City of firm commitments for project construction and permanent financing for purchase by qualified homebuyers, (3) commencing construction on the parcels within twelve months from the date of conveyance to the Developer by the City, (4) complying with other terms and conditions, including reverter provisions for each parcel, as deemed appropriate by the City Manager and the City Attorney, and (5) providing the administration with a status report concerning the title to the parcels within ninety days from the date of conveyance: 1761 Northwest 55th 1743 Northwest 41" 1758 Northwest 48th 1761 Northwest 47th 1755 Northwest 55th 821 Northwest 50th Section 3. all necessary Terrace, Street, Terrace, Street, Terrace, Street, Miami, Florida Miami, Florida Miami, Florida Miami, Florida Miami, Florida Miami, Florida The City Manager documents, in a form Attorney, for said purpose. is authorized acceptable to to execute the City Page 3 •of• •4 C3- 214 Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.k PASSED AND ADOPTED this 27th day of February ATTEST: PRISCILLA A. THOMPSON CITY CLERK APPROVED AS TO FORM AND�CORRECTNESS:6, 'ALEJANDRO VI LARELLO CITY ATTORNEY -FW6967:tr:AS:BSS , 2003. NUEL A. DIAZ, Mrt 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. Page 4 of 4