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HomeMy WebLinkAboutSummary FormDate: 10/17/2007 AGENDA ITEM SUMMARY FORM `:--•.'" FILE ID: 0-7-0 1 / Li 3 Requesting Department: Community Development Commission Meeting Date: 12/13/2007 District Impacted: Type: ® Resolution 11 Other Ordinance ❑ Emergency Ordinance ❑ Discussion Item Subject: EXTENDING CONSTRUCTION COMMENCEMENT DATE — PALMETTO HOMES Purpose of Item: GRANTING TO PALMETTO HOMES OF MIAMI, INC. ("PALMETTO HOMES"), (1) AN EXTENSION OF TIME, UNTIL DECEMBER 31, 2007 TO COMMENCE CONSTRUCTION, AND AN EXTENSION UNTIL JUNE 30, 2008 TO COMPLETE CONSTRUCTION ON THE PROPERTY LOCATED AT 5812 NORTHWEST 15TH AVENUE, MIAMI, FLORIDA, LEGALLY DESCRIBED IN EXHIBIT "A", ATTACHED AND INCORPORATED, FOR THE CONSTRUCTION OF ONE (1) SINGLE FAMILY HOME ON THE PROPERTY, AND (2) AN EXTENSION OF TIME, UNTIL JUNE 30, 2008, TO COMPLETE CONSTRUCTION ON THE PROPERTIES LOCATED AT 1466 AND 1468 NORTHWEST 61ST STREET, MIAMI, FLORIDA, LEGALLY DESCRIBED IN EXHIBIT "B" , ATTACHED AND INCORPORATED, FOR THE CONSTRUCTION OF ONE (1) SINGLE FAMILY HOME ON EACH OF THE PROPERTIES; STATING THE INTENTION OF THE CITY COMMISSION RELATED TO CONVEYANCE OF TITLE TO SAID PROPERTIES; AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS FOR SAID PURPOSES. Background Information: PLEASE SEE ATTACHED 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: roject No: 1 Is this item ded by Homeland Defense/Neighborhood Improvement Bonds? Start U • Capital Cost: Maintenance Cost: Total Fiscal Impact: Dept. Final Approvals ¢SIGN AND DATE) Chief / j,�� ! City Manager AGENDA ITEM SUMMARY FORM CONTINUED Background Information: Pursuant to Resolution No. 04-0358, adopted May 27, 2004, the Miami 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. Pursuant to Resolution No. 05-0357, adopted May 26, 2005, the Miami City Commission approved the conveyance, with title reverter provisions, of eleven parcels of City owned land directly to developers for the construction of affordable housing, with five (5) of the eleven parcels conveyed to Palmetto Homes for the new construction of affordable single family homes. Pursuant to Resolution No. 07-0266, adopted May 10, 2007, the City Commission approved granting Palmetto Homes an extension until December 31, 2007, to (1) complete construction of, and sell the home located at 5812 Northwest 15th Avenue, Miami, Florida, and (2) commence construction on the properties located at 1466 and 1468 Northwest 61st Street, Miami, Florida. Eight (8) of the thirteen (13) properties have been completed and sold. Due to escalating construction costs and delays, Palmetto Homes is requesting an extension of time to commence and complete construction on the property located at 5812 Northwest 15th Avenue, Miami, Florida. Palmetto Homes notified the City that the final required permits for the properties located at 1466 and 1468 Northwest 61S` Street, Miami, Florida were obtained from the Building Department on September 3, 2007, and is thereby requesting an extension of time to complete construction on said properties. The Administration recommends granting Palmetto Homes (1) an extension of time, until December 131, 2007 to commence construction, and an extension until June 30, 2008 to complete construction on the property located at 5812 Northwest 15th Avenue, Miami, Florida, legally described in Exhibit "A", attached and incorporated, for the construction of one (1) single family home on the property, and (2) an extension of time, until June 30, 2008, to complete construction on the properties located at 1466 and 1468 Northwest 61 Si Street, Miami, Florida, legally described in Exhibit "B", attached and incorporated, for the construction of one (1) single family home on each of the properties.