HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: C r/ - p() 7
Date: 7/19/2007 Requesting Department: Community Development
Commission Meeting Date: 0el if /2007 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: EXTENDING THE CONSTRUCTION COMPLETION DATE TO PALMETTO HOMES
Purpose of Item:
GRANTING TO PALMETTO HOMES OF MIAMI, INC. ("PALMETTO HOMES"), AN EXTENSION OF
TIME UNTIL DECEMBER 31, 2007, IN WHICH TO COMPLETE CONSTRUCTION OF, AND SELL,
THE HOME LOCATED AT 821 NORTHWEST 50 STREET, MIAMI, FLORIDA; STATING THE
INTENTION OF THE CITY COMMISSION RELATED TO THE CONVEYANCE OF TITLE TO THE
PROPERTY LISTED ON EXHIBIT "A," ATTACHED AND INCORPORATED; AUTHORIZING THE
CITY MANAGER TO EXECUTE MODIFICATIONS TO THE DEED(S) THAT CONVEYED THE
PROPERTY FROM THE CITY OF MIAMI TO PALMETTO HOMES, AND ALL NECESSARY OTHER
DOCUMENTS, FOR SAID PURPOSE.
Background Information:
Pursuant to Resolution No. 03-214, adopted February 27, 2003, the City Commission approved the
conveyance, with title reverter provisions, of six (6) vacant parcels located in the Model City Homeownership
Zone to Palmetto Homes of Miami, inc. ("Palmetto Homes"), for the development of eight (8) single family
homes.
Due to unforeseen delays, which includes the increase in the cost of construction materials and the revision of
several plats designed by the architect on the property located at 821 Northwest 50 Street, Miami, Florida
("Property"), which was conveyed to Palmetto Homes, pursuant to Resolution No. 03-214, adopted February
27, 2003, construction has not been completed as required by the Quit Claim Deed from the City of Miami
("City"), dated June 22, 2005.
The City Administration recommends granting to Palmetto Homes an extension until December 31, 2007, to
complete construction of, and sell, the home located on the Property.
Budget Impact Analysis
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?
CIIP
GrIf .us ng or receiving capital funds
Final Approvals
(SIGN AND DATE)
Budget
Risk Management
Purchasing Dept. Director
Chief City Manage
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