HomeMy WebLinkAboutR-08-0012City of Miami
Legislation
Resolution: R-08-0012
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-01441 Final Action Date: 1/10/2008
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO CONVEY, WITH PARCEL REVERTER
PROVISIONS, CERTAIN CITY OF MIAMI OWNED PARCELS OF LAND, LOCATED
AT 1336 NORTHWEST 60TH STREET, 1233 NORTHWEST 59TH STREET, 5860
NORTHWEST 17TH AVENUE, 1230 NORTHWEST 58TH TERRACE, 276
NORTHWEST 53RD STREET, 1755 NORTHWEST 2ND COURT, AND 1611
NORTHWEST 3RD AVENUE, MIAMI, FLORIDA, DIRECTLY TO THE DEVELOPERS,
AS DESCRIBED IN EXHIBIT "A," ATTACHED AND INCORPORATED, FOR THE
DEVELOPMENT OF AFFORDABLE HOUSING; FURTHER AUTHORIZING THE
CITY MANAGER TO EXECUTE PURCHASE AND SALE AGREEMENT(S) IN THE
ATTACHED FORM(S), WITH THE ENTITIES SPECIFIED IN EXHIBIT "A," FOR
SAID PURPOSE.
WHEREAS, on December 19, 2006, the City of Miami ("City") issued an invitation for qualified real
estate developers for the redevelopment of single family homes on eighteen (18) City -owned
scattered site lots in the Liberty City area with a due date of February 9, 2007; and
WHEREAS, a total of twenty two (22) responses were received from developers and reviewed by
staff from Liberty City Trust and the City's Department of Community Development, with respect to the
applicants' financial capacities, and the type of use proposed for the sites; and
WHEREAS, the properties will be conveyed through purchase and sale agreements which will
mandate the following requirements: (i) evidence that the developer has received all necessary
permits needed to construct the homes, (ii) financial commitments from the lender(s) has been
received, (iii) any mortgages obtained by the developer on the property will be subject to the
approval of the City's Department of Community Development, and (iv) the closing of the purchase
and sale agreements will occur simultaneously with the closing of the construction financing by the
lender, if any; and
WHEREAS, the Administration is recommending the conveyance, with parcel reverter provisions,
of certain City owned parcels of land, located at 1336 Northwest 60th Street, 1233 Northwest 59th
Street, 5860 Northwest 17th Avenue, 1230 Northwest 58th Terrace, 276 Northwest 53rd Street, 1755
Northwest 2nd Court, and 1611 Northwest 3rd Avenue, Miami, Florida, to the developers, as
described in Exhibit "A," attached and incorporated; and
WHEREAS, developers will have six (6) months from the date of land conveyance to begin
construction and will have an additional twelve (12) months to complete construction; and
WHEREAS, the properties conveyed will have the following restrictions: (i) all the units must be
sold to households with incomes not to exceed 120% of the median household income for
Miami -Dade County, as published annually by Florida Housing Finance Corporation, (ii) the properties
must remain affordable for a minimum of 20 years, (iii) the properties may not be used as collateral by
City of Miami
Page 1 of 2 File Id: 07-01441 (Version: 1) Printed On: 4/24/2017
File Number: 07-01441 Enactment Number: R-08-0012
the developer without a written permission of the City, (iv) the closing of the purchase and sale
agreements must occur simultaneously with the closing of the construction financing by the lender, if
any;
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.
Section 2. The City Manager is authorized{1} to convey, with parcel reverter provisions, certain
City -owned parcels of land, located at 1336 Northwest 60th Street, 1233 Northwest 59th Street, 5860
Northwest 17th Avenue, 1230 Northwest 58th Terrace, 276 Northwest 53rd Street, 1755 Northwest
2nd Court, and 1611 Northwest 3rd Avenue, Miami, Florida, to the developers, as described in Exhibit
"A," attached and incorporated for the development of affordable housing.
Section 3. The City Manager is further authorized{1} to execute purchase and sale agreement(s)
in the attached form(s), with the entities specified in Exhibit "A," for said purpose.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}
Footnotes:
{1} The herein authorization is further subject to compliance with all requirements that may be
imposed by the City Attorney, including but not limited to those prescribed by applicable City Charter
and Code provisions.
{2} 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.
City of Miami Page 2 of 2 File Id: 07-01441 (Version: 1) Printed On: 4/24/2017