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Certified Copy
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-00116 Enactment Number: R-07-0053
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO: (A) CONVEY, WITH PARCEL
REVERTER PROVISIONS, EIGHT (8) CITY OF MIAMI OWNED PARCELS OF
LAND DIRECTLY TO THE DEVELOPERS, AS DESCRIBED IN EXHIBIT "A,"
ATTACHED AND INCORPORATED, FOR THE CONSTRUCTION OF
AFFORDABLE HOUSING FOR ELIGIBLE LOW AND MODERATE INCOME
PERSONS, AND (B) AUTHORIZE THE TRANSFER OF FUNDS, IN THE
AMOUNT OF $150,000, FROM THE AFFORDABLE HOUSING TRUST FUND;
ALLOCATING SAID FUNDS, IN THE FORM OF A TWENTY (20) YEAR
FORGIVABLE LOAN, TO BETTER WAY OF MIAMI, INC., FOR THE
DEVELOPMENT OF AFFORDABLE HOUSING; FURTHER AUTHORIZING THE
CITY MANAGER TO EXECUTE THE NECESSARY .DOCUMENTS, FOR SAID
PURPOSE.
WHEREAS, the.Administration is recommending the conveyance, with parcel reverter provisions,
of eight City owned parcels of land to the developers, as described in Exhibit "A," attached and
incorporated; and
WHEREAS, developers will have twelve (12) months from the date of land conveyance to begin
construction and will have an additional 12 months to complete construction; and
WHEREAS, Habitat for Humanity of Greater Miami, Inc. and Better Way of Miami, Inc. will develop
rental housing units with a twenty year affordability period, and
WHEREAS, Palmetto Homes of Florida, Inc. and Foster Construction of South Florida, Inc, will
develop homeownership housing units where buyers for these units must be approved by the City of
Miami; and
WHEREAS, the Administration is also recommending the transfer of funds, in the amount of
$150,000, from the Affordable Housing Trust fund; allocating said funds, in the form of a twenty (20)
year forgivable loan, to Better Way. of Miami, Inc. for the development of affordable housing units; and
WHEREAS, the loan will be forgivable after the twenty (20) year affordability period has expired;
and
WHEREAS, the City will be meeting and working with Habitat for Humanity of Greater Miami, Inc.,
Palmetto Homes of Florida, Inc, and Foster Construction of South Florida, Inc. in an effort to address
funding related issues; and
WHEREAS, any funding recommendations for the aforementioned developers must be approved
by the Housing and Commercial Loan Committee,
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
City of Miami
Page I of 3 R-07-0053
File Number: 07-00116 Enactment Number: R-07-0053
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: (a) convey, with parcel reverter provisions, eight
(8) City -owned parcels of land to the developers, as described in Exhibit "A," attached and
incorporated and (b) authorize the transfer of funds, in the amount of $150,000, from the Affordable
Housing Trust fund, with funds allocated, in the form of a twenty (20) year forgivable Loan, to Better
Way of Miami, Inc., for the development of affordable housing units.
Section 3, The City Manager is further authorized{1) to execute the necessary documents, for said
purpose.
Section 4. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.(2} .
Date: JANUARY 25, 2007
Mover: VICE-CHAIRMAN SANCHEZ
Seconder: COMMISSIONER SPENCE-JONES
Vote: AYES: 4 - COMMISSIONER GONZALEZ, SANCHEZ, REGALADO AND
SPENCE-JONES
ABSENT: 1 - COMMISSIONER SARNOFF
Action: ADOPTED WITH MODIFICATIONS
Date: FEBRUARY 2,.2007"
Action: SIGNED BY THE MAYOR
City ofMiami
Page 2 of R-07-0053
File Number 07-00116 Enactment Number: R-07-0053
I, Priscilla A. Thompson, City Clerk of the City of Miami, Florida, and keeper of the records thereof, do
hereby certify that this constitutes a true and correct copy of Resolution No. R-07-0053, with
attachments, passed by the City Commission on 1/25/2007.
June 03, 2008
Date Certified
{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 notsign 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.
Ciry of Miami Page 3 of 3 R-07-0053