HomeMy WebLinkAboutText File ReportCity of Miami
Text File Report
City Hall
3500 Pan American Drive
Miami, FL 33 133
www.miamigov.com
File ID: 05-01040
Enactment #: R-05-0577
Version: 2
Type: Resolution Status: Passed
Enactment Date: 9/22/05
Introduced: 9/13/05 Controlling Body: Office of the City
Clerk
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING
THE TRANSFER OF 30TH YEAR COMMUNITY DEVELOPMENT GRANT FUNDS, AS
SPECIFIED IN "ATTACHMENT A," ATTACHED AND INCORPORATED, IN THE TOTAL
AMOUNT OF $500,000; ALLOCATING SAID FUNDS TO NEIGHBORS AND NEIGHBORS
ASSOCIATION, INC., FOR THE REHABILITATION OF THE BUILDING FACADES FOR
BUSINESSES BETWEEN NORTHWEST 54TH AND 58TH STREET ALONG NORTHWEST 7TH
AVENUE, MIAMI, FLORIDA; AUTHORIZING THE CITY MANAGER TO EXECUTE AN
AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, WITH SAID AGENCY, FOR SAID
PURPOSE.
WHEREAS, the Oshun Village Project is a commercial revitalization program that consists of renovating the building
facades between Northwest 54th and 58th Street along Northwest 7th Avenue, Miami, Florida; and
WHEREAS, the funding will be for the physical rehabilitation and enhancement of the building facades and the property
exterior area adjacent to the major commercial road right of ways; and
WHEREAS, it is a pilot program in which the merchant/owners will be required to contribute to the cost of renovating
their business, not exceeding 10% of the total cost allocated to their property; and
WHEREAS, participating property owners will be required to reimburse the City of Miami ("City") if the property is sold
before five (5) years, at a declining rate as follows: first year through third year-100%, fourth year-75%, fifth year- 50%, sixth
year- 25%, seventh year-10%, and eight year -full grant (no reimbursement required); and
WHEREAS, in addition to allowable repairs, the program will work with the City's Neighborhood Enhancement Team
offices to correct exterior code violations; and
WHEREAS, participating businesses will be required to commit to make available, if any jobs are created, for low and
moderate income City's residents; and
WHEREAS, Miami -Dade County, will contribute $200,000 for said program; and
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals contained in the Preamble to this Resolution are adopted by reference and incorporated as if
fully set forth in this Section.
City of Miami Page 1 Printed on 3/17/2008
Secrion 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor. (2)
City of Miami Page 2
Printed on 3/17/2008