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Legislation.
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 11-00031
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
GRANTING MIAMI DREAM HOMES INVESTMENT GROUP, INC., AN EXTENSION
TO COMPLETE CONSTRUCTION AND CONVEY THE CD BUILDING PROJECT
TO THE CITY OF MIAMI, LOCATED AT 1525 NORTHWEST 60TH STREET,
LEGALLY DESCRIBED IN EXHIBIT "A", ATTACHED AND INCORPORATED, FROM
DECEMBER 30, 2010 TO JUNE 30, 2011; AUTHORIZING THE CITY MANAGER
TO EXECUTE ALL NECESSARY DOCUMENT(S) FOR SAID PURPOSE(S).
WHEREAS, pursuant to Resolution No. 05-0357, adopted May 26, 2005, the Miami City
Commission approved the conveyance, with title reverter conditions, of eleven (11) parcels of City of
Miami ("City") owned land directly to developers, for the construction of affordable housing for eligible
low and moderate income persons; and
WHEREAS, on September 27, 2005, a Quit Claim Deed was executed between the City and Miami
Dream Homes Investment Group, Inc. ("Miami Dream Homes"); and
WHEREAS, pursuant to Resolution No. 06-0329, adopted May 25, 2006, the City Commission
amended Resolution No. 05-0357 to reflect the parcel located at 1525 Northwest 60th Street, Miami,
Florida ("Property"), to be developed as a new construction, multi -family rental project consisting of
seven (7) units for low income persons ("Project") and for the Property to be conveyed to the City upon
issuance of a Certificate of Occupancy; and
WHEREAS, pursuant to Resolution Nos. 07-0133, 08-0250, 09-0174, 09-0565 and 10-0287
adopted respectively on March 8, 2007, May 8, 2008, April 2, 2009, December 17, 2009, and July 8,
2010, the City Commission approved various extensions for the completion of construction and
conveyance of the Property to the City to December 30, 2010; and
WHEREAS, the City Administration recommends granting Miami Dream Homes an extension of
time to complete construction of the Community Development ("CD") Building Project located at the
Property, legally described in Exhibit "A", attached and incorporated, from December 30, 2010 to June
30, 2011, and for the conveyance of the Project to the City; and
WHEREAS, the Property is currently ninety-five percent (95%) complete and a certificate of
completion is expected soon;
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
referenced and incorporated as if fully set forth in this Section.
City of Miami Page 1 of 2 File Id: 11-00031 (Version: 1) Printed On: 1/26/2011
File Number.' 11-00031
Section 2. The Miami City Commission grants Miami Dream Homes an extension of time to
complete the construction and convey to the City, the CD Building Project located at the Property,
legally described in Exhibit "A", attached and incorporated, from December 30, 2010 to June 30, 2011.
Section 3. It is the intention of the City Commission that title to the parcel described in Exhibit "A",
attached and incorporated, shall be deemed to have remained in Miami Dream Homes from the date
of conveyance, and that the extension of time granted herein shall be deemed to have been made on
or before December 30, 2010.
Section 4. The City Manager is authorized(1) to execute all necessary documents for said
purpose(s).
Section 5. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}
APPROVED AS TO FORM AND CORRECTNESS
JULIE O. BRU
CITY ATTORN Y
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 (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.
City of Miami Page 2 of 2 File Id: 11-00031 (Version: 1) Printed On: 1/26/2011