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HomeMy WebLinkAboutExhibitsEXHIBIT A Parcel I Property Folio No. 01-4138-003-2610 Property Address: 400-420 SW 8'h Avenue Legal Description: Lots ], 2 and 3 in Block "U" of Riverview, according to the Plat thereof, as recorded in Plat Book 5, at Page 43, of the. Public Records of Miami -Dade County; Florida. Parcel II Property Folio No, 01-4138-005-0110 Property Address: 430 SW 8 Avenue Lot 16 of Carolina Court, according to the Plat thereof, as recorded in Plat Book 15, at Page 56, of the Public Records of Miami -Dade County, Florida.. EXHIBIT B Performance Requirements and Restrictions* The following Performance Requirements will aptly to the Project to be developed on the City - owned properties located at 400-420 Southwest 8' Avenue, and 430 Southwest 8'h Avenue, Miami, Florida: Property Conveyance 1. The construction of the Project must commence within (12) twelve months from the date of property conveyance. 2. The Project must be completed (all units constructed, issued Certificates of Occupancy, and sold to qualified buyers) within (30) thirty months from the date of conveyance. Project Restrictions: 1 A minimum of sixty (60) homeownership units to be constructed on the Property. 2. A minimum of thirty-eight (38) units must be sold to buyers whose household income does not exceed 80% of the Area Median Income as published by the Department of Housing and Urban Development (HUD). The price for these units cannot exceed $236,000. 3. A minimum of twelve (12) units must be sold to buyers whose household income is between 80% and 1 50% of Area Median Income extrapolated from HUD's annual income publication. The price for these units cannot exceed 5300,000. 4. A maximum of twelve (12) market rate units. 5. The Affordability Period for all affordable and/or workforce housing units shall be (30) thirty years. 6. The City's loan shall be secured by a Mortgage and Declaration of Restrictive Covenants, and such oth.er documents as the City may deem necessary for this purpose. 7. The City Manager is authorized to approve a decrease in the number of total Project units indicated above, not to exceed ten percent (10%)/ six units, if. in the Manager's discretion, such decrease is warranted in the best interests of the Project. *The restrictions for the Property conveyance and the loan to the Developer for the Project shall include, but not be limped to, the items contained herein. All related Federal, state. and local laws, rules, and regulations shall apply. Miami -Dade My Home My Home Show Me: Properly Information Search By: Select Item E Text only r.. Property Appraiser Tax Estimator Summary Details: Foko No.: 01-4138-003-2610 Property- 400.20 SW 8 AVE Mailing CITY OF MIAMI. Address: 444 $W 2 AVE 2ND FLOOR MIAMI FL 33130-1910 Property Information: Pnmary Zone: 3900 MULTI -FAMILY, MEDIUM DENSITY RESIDENTIAL CLUC: 0040 MUNICIPAL beds/Baths: 0/0 Floors. 0 Living Units, 0 Adj Sq Footage' 0 Lot Size: 22,500 SO FT Year evils: 0 38 54 41 RIVERVIEW Pe Legal 5-43 LOT 1 TO 3 INC 8LK U LOT SIZE 22500 Description; SQUARE FEET OR 19756.4069 0401 3 Sale Information: Sate O/R: Sale Date: 7l1998 Sale Amount Assessment Information: ear: 2007 2006 Land Value: $1,012.500 $855,000 Building Value: 52,860 $10,000 Market Value: 31.015.360 3865.000• Assessed Value 51,015.360 $865.000 Total Exemptions: S1,015,360 $865.000 Taxable Value: 60 60 Additional Information: Clock here to see more information for this property. Community Development District Community Redevelopment Area Empowerment Zone Enterprise Zone Land Use Urban Oeveloomeni Boundary Additional Information: Click here to see More pMOrination for Ihis property. Community Development District Community Redevelopment Area Empowerment Zone Enterprise Zone Land Use Urban Development Boundary Zoning ACTIVE TOOL SELECT Digital Onhopholography - 2007 116 ft. My Home j Property Information j Property Taxes j My Neighborhood j Property Appraiser Home ( Using Our Site j About j Phone Directory j Privacy 1 Disclaimer •Kr rb: If you experience technical difficulties with the Property Information application, or wish to send us your comments, questions or suggestions please email us at Webmaster. Web Site © 2002 Miami -Dade County. All rights reserved yr W, ,I ...... please email us at Webmaster, Web Site © 2002 Miami -Dade County. All rights reserved. N r.ninnno