HomeMy WebLinkAboutR-08-0077City of Miami
Legislation
Resolution: R-08-0077
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-00140 Final Action Date: 2/14/2008
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE TRANSFER OF FUNDS, IN THE AMOUNT OF $10,334, FROM
THE AFFORDABLE HOUSING TRUST FUND; ALLOCATING SAID FUNDS, IN THE
FORM OF A GRANT, TO MIAMI DREAM HOMES INVESTMENT GROUP, INC., TO
REIMBURSE SAID ENTITY FOR FIFTY (50) PERCENT OF THE COST OF
CONSTRUCTING WATER AND SEWER LATERALS IN CONNECTION WITH THE
CONSTRUCTION OF TWO AFFORDABLE HOMES LOCATED AT 1533 AND 1535
NORTHWEST 58 TERRACE, MIAMI, FLORIDA, AS SPECIFIED IN EXHIBIT "A,"
ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO
EXECUTE ALL NECESSARY DOCUMENTS FOR SAID PURPOSES.
WHEREAS, pursuant to Resolution No. 05-0357, adopted May 26, 2005, the City Commission
authorized the City Manager to convey, with parcel reverter provisions, the parcel located at 1535
Northwest 58th Terrace, Miami, Florida, to Miami Dream Homes Investment Group, Inc. ("MDH"), for
the construction of three affordable homes for eligible low and moderate income persons; and
WHEREAS, on November 17, 2006, the Housing and Commercial Loan Committee ("HCLC")
approved the allocation of $78,252, in Home Investment Partnerships ("HOME") program funds for
each single family home, to be used for hard and soft construction costs; and
WHEREAS, pursuant to Resolution No. 07-0133, adopted March 8, 2007, the City Commission
authorized the modification of condition/restriction No. 5 of the Corrective Quit Claim Deed dated July
5, 2006, to extend the construction start date to July 1, 2007; and
WHEREAS, on April 20, 2007, the HCLC approved the de -obligation of $78,252, in HOME funds
and approved an allocation, in the amount of $78,252, per home, of State Housing Initiative
Partnerships ("SHIP") program funds, to be used for hard and soft construction costs; and
WHEREAS, at said meeting, the HCLC limited the income of homebuyers of said parcels to up to
120 percent of area median income as per SHIP regulations; and
WHEREAS, separate water and sewer laterals had to be constructed for the two homes located
at 1533 and 1535 Northwest 58th Terrace, Miami, Florida; and
and
WHEREAS, MDH completed the construction of the two homes, including the lateral connections;
WHEREAS, said homes received their Certificates of Occupancy on October 1, 2007; and
City of Miami
Page 1 of 2 File Id: 08-00140 (Version: 1) Printed On: 4/26/2017
File Number: 08-00140 Enactment Number: R-08-0077
WHEREAS, the City of Miami agreed to reimburse MDH fifty (50) percent of the total costs of
constructing said laterals; and
WHEREAS, the Administration recommends the transfer of funds, in the amount of $10,344, from
the AHTF and the allocation of said funds, in the form of a grant, to MDH to reimburse said entity for
fifty (50) percent of the cost of constructing water and sewer laterals in connection with the
construction of two affordable homes located at 1533 and 1535 Northwest 58th Terrace, Miami,
Florida;
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 transfer of funds, in the amount of $10,344, from the AHTF and the allocation of
said funds, in the form of a grant, to MDH to reimburse said entity for fifty (50) percent of the cost of
constructing water and sewer laterals in connection with the construction of two affordable homes
located at 1533 and 1535 Northwest 58th Terrace, Miami, Florida, as specified in Exhibit "A," attached
and incorporated, is authorized.
Section 3. The City Manager is authorized{1} to execute all necessary documents for said
purposes.
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 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: 08-00140 (Version: 1) Printed On: 4/26/2017