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Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 11-00168 Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
RESCINDING RESOLUTION NO. 07-0208, ADOPTED APRIL 12, 2007, TO THE
EXTENT THAT IT AUTHORIZED THE SALE OF CERTAIN CITY OF MIAMI ("CITY")
OWNED PARCELS, AS LEGALLY DESCRIBED IN EXHIBIT "A", ATTACHED AND
INCORPORATED, TO PROGRESSIVE VISION COMMUNITY DEVELOPMENT
CORPORATION, INC.; AUTHORIZING THE CONVEYANCE, WITH PARCEL
REVERTER PROVISIONS, OF SAID CITY -OWNED PARCELS TO TACOLCY
ECONOMIC DEVELOPMENT CORPORATION FOR THE DEVELOPMENT OF
AFFORDABLE HOUSING; FURTHER AUTHORIZING THE CITY MANAGER TO
EXECUTE PURCHASE AND SALE AGREEMENTS, IN SUBSTANTIALLY THE
ATTACHED FORM, AND ALL OTHER NECESSARY DOCUMENTS, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, TO CONSUMMATE SUCH
TRANSACTION IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE
AGREEMENT, WHICH TERMS MAY BE AMENDED BY THE CITY MANAGER AS
MAY BE NECESSARY IN ORDER TO MEET THE BEST INTEREST OF THE CITY.
WHEREAS, Tacolcy Economic Development Corporation ("TEDC") is a non-profit organization
dedicated to the development of affordable housing; and
WHEREAS, on February 3, 2011, the City of Miami ("City") received a letter from TEDC requesting
a donation by way of Purchase and Sale Agreements of five (5) City -owned parcels of land, legally
described in Exhibit "A", attached and incorporated for the development of affordable housing; and
WHEREAS, TEDC has established a joint venture agreement with Global Development Initiatives
("GDI") to develop a two -phased affordable housing development with a total of approximately 184
units and ground floor retail/commercial space fronting on Northwest 7th Avenue, Miami, Florida, and
the project will be manage by Tacolcy Property Management Corporation, a subsidiary of TEDC; and
WHEREAS, TEDC and GDI will apply for both phases of funding during the 2011 tax credit cycle;
however, each phase will be funded independently and can operate individually should only one of the
phases wins tax credits; and
WHEREAS, Phase I will be a family development with 80 units of affordable housing for low to
moderate income families and approximately 15,000 square feet of ground floor retail commercial
space, and Phase II will be an elderly housing development of approximately 104 units; and
WHEREAS, in addition, each phase will pay for its own parking garage and amenity package; and
WHEREAS, the sites will be conveyed,.with parcel reverter provisions, by way of Purchase and
Sale Agreements; and
City of Miami Page I of3 File Id: 11-00168 (Version: 1) Printed On: 2/28/2011
File Number. 11-00168
WHEREAS, TEDC will have twelve (12) months from the date of conveyance to commence
construction and thirty-six (36) months from the date of conveyance to complete construction and rent
out units; and
WHEREAS, any costsassociated with the project paid by the City, will be reimbursed back to the
City; and
WHEREAS, the Administration recommends: (1) rescinding Resolution No. 07-0208, adopted April
12, 2007, to the extent that it authorized the sale of certain City -owned parcels, as legally described in
Exhibit "A", attached and incorporated, to Progressive -Vision Community Development Corporation,
Inc.; (2) authorizing the conveyance, with parcel reverter provisions, of said City -owned parcels to
TEDC for development of affordable housing;
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
reference and incorporated as if fully set forth in this Section.
Section 2. Resolution No. 07-0208, adopted April 12, 2007, is rescinded, to the extent that it
authorized the sale of certain City -owned parcels legally described in Exhibit "A", attached and
incorporated, to Progressive Vision Community Development Corporation, Inc.
Section 3. The conveyance, with parcel reverter provisions, of said City -owned parcels of land to
TEDC for development of affordable housing, is approved.
Section 4. The City Manager is authorized {1 } to execute a Purchase and Sale Agreement, in
substantially the attached form, and all other necessary documents, in a form acceptable to the City
Attorney, to consummate such transaction in accordance with the terms and conditions of the
agreement, which terms may be amended by the City Manager as may be necessary in order to meet
the best interest of the City.
Section 5. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}
APPROVED AS TO FORM AND CORRECTNESS:
JULIE BRU
CITY ATTORNEY
City of Miami Page 2 of 3 File Id: 11-00168 (Version: 1) Printed On: 2/28/2011
File Number: 11-00168
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 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.
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