HomeMy WebLinkAboutCRA-R-12-0013 02-27-12 Legislation`.co OP
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City of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-00172
Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING THE ISSUANCE OF A GRANT, IN AN AMOUNT NOT TO EXCEED
$295,000, TO TOWN PARK VILLAGE NO 1, INC., TO UNDERWRITE THE COST
ASSOCIATED WITH REPAIRS, IMPROVEMENTS AND 40-YEAR
RECERTIFICATION OF THE AFFORDABLE HOUSING BUILDING LOCATED AT
1680 NW 4th AVENUE, MIAMI, FLORIDA 33136; AUTHORIZING THE EXECUTIVE
DIRECTOR AT HIS DISCRETION, TO DISBURSE THE GRANT ON A
REIMBURSEMENT BASIS, OR DIRECTLY TO SUPPLIERS AND VENDORS,
UPON RECEIPT OF INVOICES AND SATISFACTORY DOCUMENTATION;
AUTHRORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS
NECESSARY FOR SAID PURPOSE, IN A FORM ACCEPTABLE TO GENERAL
COUNSEL; ALLOCATING FUNDS FROM THE SEOPWTAX INCREMENT FUND,
"CONSTRUCTION IN PROGRESS", ACCOUNT CODE NO.
10050.920101.670000.0000.00000.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is
responsible for carrying out community redevelopment activities and projects within its Redevelopment
Area in accordance with its approved Redevelopment Plan; and
WHEREAS, the structure at 1680 NW 4th Avenue, Miami, Florida 33136 is residential building
comprising of 149 residential units, in the Southeast Overtown/Park West CRA area. Due to deferred
maintenance, this structure does not meet the requirements for the 40-year recertification and is in
need of immediate repairs to preserve this residential housing building and to meet the requirements
of the South Florida Building Code; and
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Plan, goal 3,
Principals 2 and 3, at page 14, state that neighborhoods should retain access to affordable housing
and strive to provide a mix of market rate and affordable housing units and types, including rental units
to accommodate existing and future residents of the redevelopment area; and
WHEREAS, the Board of Commissioners wishes to authorize a grant to Town Park Village No
1, Inc., in an amount not to exceed $295,000, for repairs, improvements and 40-year recertification of
this affordable housing building;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY 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 herein as if fully set forth in this Section.
City of Miami Page 1 of 2 Fife Id: 12-00172 (Version: 1) Printed On: 2/17/2012
File Number: 12-00172
Section 2. The issuance of a grant to Town Park Village No 1, Inc., in an amount not to exceed
$295,000, for repairs, improvements and the 40-year recertification of the affordable housing building
at 1680 NW 4th Avenue, Miami, Florida 33136, is authorized.
Section 3. The Executive Director is authorized, at his discretion, to disburse said funds on a
reimbursement basis, or directly to suppliers and vendors, upon presentation of invoices and
satisfactory documentation.
Section 4. The Executive Director is authorized to execute all documents necessary for said
purpose, in a form acceptable to General Counsel.
Section 5. Funds are to be allocated from SEOPW Tax Increment Fund, "Construction in
Progress," Account Code No. 10050.920101.670000.0000.00000.
Section 6. This resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
JULIE 0. BRU
GENERAL COUNSEL
City of Miami Page 2 of File Id: 12-00172 (Version: 1) Printed On: 2/17/2012