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HomeMy WebLinkAboutSummary FormDate: 11/16/2010 AGENDA ITEM SUMMARY FORM FILE ID: — O/3 j0 Law Department Matter ID No. 10-3285 Requesting Department: Community Development Commission Meeting Date: 12/16/2010 District Impacted: Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item ❑ Other Subject: AUTHORIZING THE EXECUTION OF A MEMORANDUM OF UNDERSTANDING WITH MIAMI-DADE COUNTY Purpose of Item: AUTHORIZING THE CITY MANAGER TO EXECUTE A MEMORANDUM OF UNDERSTANDING WITH MIAMI-DADE COUNTY FOR THE DEMOLITION OF ELIZABETH VIRRICK II, A COUNTY OWNED PUBLIC HOUSING DEVELOPMENT LOCATED AT 2820 NORTHWEST 23RD AVENUE, MIAMI, FLORIDA ('PROPERTY") WITH NEIGHBORHOOD STABILIZATION PROGRAM ("NSP") FUNDS; AUTHORIZING THE CITY MANAGER TO EXECUTE DOCUMENT(S) IN SUBSTANTIALLY THE ATTACHED FORM(S), FOR SAID PURPOSE. Background Information: Please see attached Budget Impact Analysis NO Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Approvals (SIGN AND DATE) CIP Budget If using or receiving capital funds Grants Risk Manage e Purchasing Dept. Directo ./ Chief �L`�C�— � fiY�^p City Manage � ' r u is ,c+ Page I of I AGENDA ITEM SUMMARY FORM CONTINUED Background. Information: On July 30, 2008, the President of the United States signed the Housing Economic Recovery Act of 2008 ("HERA"), which included the NSP, administered by HUD. The NSP provides targeted emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. On September 26, 2008, the City accepted the sum of $12,063,702 for the implementation of the Neighborhood Stabilization Program (NSP) which provided emergency assistance to the City to acquire foreclosed properties that might otherwise become sources of abandonment and blight and rehabilitate, resell, or redevelop the properties to stabilize neighborhoods and stem the decline of house values of neighboring homes. As allowed by HUD, the City has allocated $700,000 in NSP grant funds for the demolition of eligible properties within the City. The Property is a public housing facility owned by Miami -Dade County, located in the City of Miami, and in need of demolition, and the City has agreed to demolish the facility using NSP funds. A Memorandum of Understanding ("MOU") would need to be executed between the City and Miami - Dade County in order to proceed with the demolition. The Administration recommends the execution of the MOU between the City and Miami -Dade County for the demolition of Elizabeth Virrick II, a Miami -Dade County owned public housing development located at 2820 Northwest 23`d Avenue, Miami, Florida using NSP funds.