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Resolution: R-09-0565
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 09-01354
Final Action Date:12/17/2099
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
GRANTING MIAMI DREAM HOMES INVESTMENT GROUP, INC., AN EXTENSION
OF TIME TO COMPLETE CONSTRUCTION AND CONVEY TO THE CITY OF
MIAMI, THE COMMUNITY DEVELOPMENT BUILDING PROJECT LOCATED AT
1525 NORTHWEST 60TH STREET, MIAMI, FLORIDA, LEGALLY DESCRIBED IN
EXHIBIT "A", ATTACHED AND INCORPORATED, FROM DECEMBER 31, 2009 TO
JUNE 30, 2010, WITH CONDITIONS AS STATED HEREIN; AUTHORIZING THE
CITY MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS FOR SAID
PURPOSE.
WHEREAS, pursuant to Resolution No. 05-0357, adopted May 26, 2005, the Miami City
Commission approved the conveyance, with title reverter conditions, of eleven 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, on April 28, 2006, the Housing and Commercial Loan Committee approved the
allocation of $796,993 in Home Investment Partnership ("HOME") Program funds and $240,007 in
State Housing Initiative Partnership Program ("SHIP") funds in connection with the development of the
Community Development Building project; and
. WHEREAS, on July 5, 2006, loan agreements in the amounts of $796,993 in HOME funds and
$240,007 in SHIP funds were executed between the City and Miami Dream Homes; and
WHEREAS, pursuant to Resolution No. 06-0329, adopted May 25, 2006, the Miami City
Commission amended Resolution No. 05-0357 to reflect the parcel located at 1525 Northwest 60th
Street, Miami, Florida, to be developed as a new construction multi -family rental project consisting of
seven (7) units for low income persons and said property will be conveyed to the City upon issuance of
a Certificate of Occupancy; and
WHEREAS, pursuant to Resolution No. 07-0133, adopted March 8, 2007, the Miami City
Commission approved the modification of condition/restriction No. 5 of the Corrective Quit Claim Deed,
dated July 5, 2006, approving the extension of the commencement of construction to July 1, 2007 and
the reversion of the property located at 1477 Northwest 60th Street, Miami, Florida, to the City; and
WHEREAS, pursuant to Resolution Nos. 08-0250 and 09-0174 adopted May 8, 2008 and April 2,
2009 respectively, the Miami City Commission granted Miami Dream Homes an extension of time until
December 31, 2009, to complete the project on the property described in Exhibit "A", and for the
conveyance of the multi -family rental project to the City; and
J14.t —
File Number. 09-01354
Enactment Number: R-09-0565
WHEREAS, due to delays in identifying additional funding for the project due to a change order
from the developer caused by increases in cost; and
WHEREAS, on September 18, 2009, the Housing and Commercial Loan Committee approved
additional allocation of $100,000 in Housing Opportunities for Person with Aids ("HOPWA") funds that
will assist with the completion of the project and make project financially feasible; and
WHEREAS, the Administration recommends granting Miami Dream Homes an extension of time to
complete construction of the CD Building Project located at 1525 Northwest 60th Street, legally
described in Exhibit "A", attached and incorporated, from December 31, 2009 to June 30, 2010, and
for the conveyance of the project to the City;
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.
Section 2. The Miami City Commission grants Miami Dream Homes an extension of time to
complete construction and convey to the City, the Community Development Building Project located at
1525 Northwest 60th Street, Miami, Florida, legally described in Exhibit "A", attached and incorporated,
from December 31, 2009 to June 30, 2010.
Section 3. It is in the intention of the City Commission that tide 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 31, 2009.
Section 4. The City Manager is authorized{1) to execute all necessary documents for said
purpose.
Section 5_ This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}
Footnotes:
° _ _ AtlasOuJl9429J9_
File Number 09-01354 Enactment Number: R-09-0565
{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.
EXHIBIT "A"
1525 NORTHWEST 60TH STREET (MULTI FAMILY RENTAL PROJECT: 7
UNITS FOR LOW INCOME PERSON)
Lot 15, Block 12, of ORANGE HEIGHTS, according to the Plat thereof, as
recorded in Plat Book 14, Page 62, of the Public Records of Miami -Dade
County, Florida.
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