HomeMy WebLinkAboutCRA-R-12-0056 07-30-2012 LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-00823 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY,
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE (I) A GRANT
AGREEMENT (THE "TOWN PARK NORTH GRANT AGREEMENT") WITH TOWN
PARK PLAZA NORTH CONDOMINIUM ASSOCIATION, INC., A NOT -FOR -PROFIT
FLORIDA CORPORATION ("TOWN PARK NORTH") IN CONNECTION WITH THE
REHABILITATION OF A 20 BUILDING, 168 UNIT AFFORDABLE CONDOMINIUM
HOUSING PROJECT BUILT IN 1973 (THE "TOWN PARK NORTH PROJECT"); (II)
A GRANT AGREEMENT (THE "TOWN PARK SOUTH GRANT AGREEMENT")
WITH THE TOWN PARK PLAZA SOUTH, INC., A FLORIDA CORPORATION
("TOWN PARK SOUTH") WITH RESPECT TO THE REHABILITATION OF THE 17
BUILDING, 116 UNIT AFFORDABLE COOPERATIVE HOUSING PROJECT BUILT
IN 1971 (THE "TOWN PARK SOUTH PROJECT"); AND (III) A GRANT
AGREEMENT (THE "TOWN PARK VILLAGE GRANT AGREEMENT"; TOGETHER
WITH THE TOWN PARK SOUTH GRANT AGREEMENT AND THE TOWN PARK
NORTH GRANT AGREEMENT, EACH A "GRANT AGREEMENT") WITH TOWN
PARK VILLAGE NO 1, INC., A FLORIDA CORPORATION ("TOWN PARK
VILLAGE"), IN CONNECTION WITH RENOVATION OF THE 19 BUILDING 147
UNIT AFFORDABLE COOPERATIVE HOUSING PROJECT BUILT IN 1970 (THE
"TOWN PARK VILLAGE PROJECT"); AUTHORIZING THE EXECUTIVE
DIRECTOR TO EXECUTE EACH GRANT AGREEMENT ON TERMS ACCEPTABLE
TO THE EXECUTIVE DIRECTOR, IN FORM ACCEPTABLE TO THE SPECIAL
COUNSEL. EACH GRANT AGREEMENT WILL BE IN FORM AND CONTENT
ACCEPTABLE TO THE EXECUTIVE DIRECTOR AND REQUIRE THE
FOLLOWING: (I) RETENTION OF A CONTRACTOR THROUGH A COMPETITIVE
SELECTION PROCESS APPROVED BY THE EXECUTIVE DIRECTOR; (II)
APPROVAL OF THE SCOPE OF WORK TO BE PERFORMED BY THE
CONTRACTOR IN CONNECTION WITH THE REHABILITATION OF THE
RESPECTIVE PROJECT BY THE EXECUTIVE DIRECTOR; (III) APPROVAL OF
THE BUDGET FOR THE RENOVATION OF THE RESPECTIVE PROJECT BY THE
EXECUTIVE DIRECTOR; (IV) EVIDENCE THAT SUFFICIENT FUNDS ARE
AVAILABLE, TAKING INTO ACCOUNT THE GRANT FROM THE CRA, TO
COMPLETE THE RENOVATION OF THE RESPECTIVE PROJECT
CONTEMPLATED BY THE RESPECTIVE GRANT AGREEMENT; (V) REQUIRE A
MECHANISM FOR PAYMENT OF THE REHABILITATION COSTS BASED UPON
DRAW REQUESTS APPROVED BY THE EXECUTIVE DIRECTOR, LIEN
WAIVERS AND ARCHITECTURE CERTIFICATIONS AS TO THE COMPLETION
OF THE WORK IN A GOOD WORKMANLIKE MANNER IN ACCORDANCE WITH
THE RENOVATION PLANS; AND (VI) COMPLIANCE WITH THE REQUIREMENTS
ASSOCIATED WITH THE ANTICIPATED CRA BOND ISSUE INCLUDING THE
REQUIREMENT THAT EACH PROJECT BE RESTRICTED TO AFFORDABLE
HOUSING FOR A PERIOD OF 30 YEARS. EACH GRANT SHALL BE IN THE
AMOUNT OF $3,333,333.33.
City of Miami Page 1 of 3 File Id: 12-00823 (Version: 1) Printed On: 7/23/2012
File Number: 12-00823
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, goal 3, Principals 2 and 3, at page 14 of the Plan 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, Section 2, Goal 4/Principle 4, at pages 12 and 14, of the 2009 Amended and
Restated Southeast Overtown/Park West Redevelopment Plan, lists "[c]reating jobs within the
Community," as stated redevelopment goals; and
WHEREAS, the Grant Agreements will provide, although temporary, needed construction jobs
to the residents of the Redevelopment Area; and
WHEREAS, all of the buildings were built in the early 1970's and suffer from long standing
problems of deferred maintenance which are now visible life safety concerns, as evidenced by
structural cracks in some units, broken windows, loose railings on upper floors, sewer backups, water
leaks from decrepit plumbing, existence of mold, wood rotting in doors and fascia of roofs, as well as
outdated electrical wiring; and
WHEREAS, the Board of Commissioners wishes to authorize the Executive Director to execute
(i) a grant agreement (the "Town Park North Grant Agreement") with Town Park Plaza North
Condominium Association, Inc., a not -for -profit Florida corporation ("Town Park North") in connection
with the rehabilitation of a 20 building, 168 unit affordable condominium housing project built in 1973
(the "Town Park North Project"); (ii) a grant agreement (the "Town Park South Grant Agreement") with
the Town Park Plaza South, Inc., a Florida corporation ("Town Park South") with respect to the
rehabilitation of the 17 building, 116 unit affordable cooperative housing project built in 1971 (the
"Town Park South Project"); and (iii) a grant agreement (the "Town Park Village Grant Agreement";
together with the Town Park South Grant Agreement and the Town Park North Grant Agreement, each
a "Grant Agreement") with Town Park Village No 1, Inc., a Florida corporation ("Town Park Village"), in
connection with renovation of the 19 building 147 unit affordable cooperative housing project built in
1970 (the "Town Park Village Project"). Each Grant Agreement will be in form and content acceptable
to the Executive Director and require the following: (i) retention of a contractor through a competitive
selection process approved by the Executive Director; (ii) approval of the scope of work to be
performed by the contractor in connection with the rehabilitation of the respective project by the
Executive Director; (iii) approval of the budget for the renovation of the respective project by the
Executive Director; (iv) evidence that sufficient funds are available, taking into account the grant from
the CRA, to complete the renovation of the respective project contemplated by the respective Grant
Agreement; (v) require a mechanism for payment of the rehabilitation costs based upon draw requests
approved by the Executive Director, lien waivers and architecture certifications as to the completion of
the work in a good workmanlike manner in accordance with the renovation plans; and (vi) compliance
with the requirements associated with the anticipated CRA Bond Issue including the requirement that
each project be restricted to affordable housing for a period of 30 years. Each grant shall be in the
amount of $3,333,333.33.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY:
City of Mianti Page 2 of 3 File Id: 12-00823 (Version: 1) Printed On: 7/23/2012
File Number: 12-00823
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.
Section 2. The Executive Director is hereby authorized to execute (i) the Town Park North
Grant Agreement with Town Park North in connection with the Town Park North Project; (ii) the Town
Park South Grant Agreement with Town Park South with respect to the Town Park South Project; and
(iii) the Town Park Village Grant Agreement with Town Park Village in connection with the Town Park
Village Project, in form and content acceptable to the Executive Director, in form approved by Special
Counsel.
Section 3. The Executive Director is authorized to execute and amend all documents
necessary for said purpose, in a form acceptable to Special Counsel.
Section 4. This resolution is subject to availability of funds.
Section 5. This resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
William R. Bloom
SPECIAL COUNSEL
City of Miami Page 3 of 3 File Id: 12-00823 (Version: 1) Printed On: 7/23/2012