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HomeMy WebLinkAboutCRA-R-12-0056 Master ReportCity of Miami Master Report Enactment Number: CRA-R-12-0056 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 12-00823 Version: 1 File Type: CRA Resolution Status: Filed in Clerk's Office Reference: Controlling Body: Office of the City Clerk File Name: Resolution authorizing the Executive Director to execute housing rehabilitation agreements with the associations of Town Park Village, Town Park South, and Town Park North. Requester: Introduced: 7/17/2012 Cost: Final Action: 7/30/2012 Title: 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. Sponsors: Notes: City of Miami Page 1 Printed on 11/1/2022 City of Miami Master Report Enactment Number: CRA-R-12-0056 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Indexes: Attachments: File # 12-00823 07-30-2012 Cover Memo.pdf,File # 12-00823 07-30-2012 Legislation.pdf, History of Legislative File Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result: 1 SEOPW Community 7/30/2012 ADOPTED Redevelopment Agency 1 CRA General Counsel 8/3/2012 Reviewed and Approved Pass City of Miami Page 2 Printed on 11/1/2022