HomeMy WebLinkAboutMemoI-t B-20-2003 17: 33
CITY MANAGERS OFFICE n - Q /3
CITY OF MIAMI, FLORIDA 14
INTER -OFFICE MEMORANDUM
MOM:
The Honorable Ma and
Mercers of Th minis
'ola
ty anger
DATE :
3UB,iECT
FEB 20 2003 FILE:
Conveyance of City -owned
parcels to Allapattah Business
Development Authority, Inc.
REVERENCES : City Commission Agenda
February 27, 2003
ENCLOSURES:
B
RECOMMENDATION:
It is respectfully recommended that the City Commission adopt the attached Resolution
authorizing the conveyance of two (2) City -owned vacant parcels located in the Allapattah
neighborhood to Allapattah Business Development Authority, Inc., a not -for -profit corporation,
as Developer at no cost for the development of two (2) new single-family homes affordable to
families and individuals of low and moderate income; and further authorizing the City Manager
to execute all necessary document(s), in a form acceptable to the City Attorney, subject to
applicable City Code provisions.
BACKGROUND:
Allapattah Business Development Authority, Inc., a not for profit corporation, proposes to
develop two (2) new single-family homes affordable to families and individuals of low and
moderate income pursuant to the policy established in the City of Miami's Five (5) Year
Consolidated PIan (1999-2004) (Plan) on two (2) vacant City -owned parcels (Parcels), identified
below, located in the Allapattah neighborhood.
790 NW 29 Terrace
2374 NW 33 Street
On February I3, 2003, the City Commission directed the City Manager to bring a resolution for
the transfer of the Parcels to Allapattah Business Development Authority, Inc. to the February
27, 2003 City Commission Meeting.
City Commission approval of this action would be subject to and contingent upon Allapattah
Business Development Authority, Inc.:
I) 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 (12) 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 oonveyanoe.