HomeMy WebLinkAboutSummary FormDate: 11/14/2011
AGENDA ITEM SUMMARY FORM
FILE ID: 01
Law Department
Matter ID No.
Requesting Department: Community Development
Commission Meeting Date: 12/08/2011 District Impacted: 5
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: CONVEYANCE OF CITY OF MIAMI OWNED PROPERTY FROM MIAMI DREAM
HOMES INVESTMENT GROUP, INC. TO THE CITY OF MIAMI
Purpose of Item:
AUTHORIZING THE CITY MANAGER TO ACCEPT THE CONVEYANCE OF THE PROPERTY
LOCATED AT 6020 NORTHWEST 15TH AVENUE FROM MIAMI DREAM HOMES INVESTMENT
GROUP, INC., LEGALLY DESCRIBED IN EXHIBIT "A", ATTACHED AND INCORPORATED;
FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE ALL NECESSARY
DOCUMENT(S), IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE(S).
Background Information:
Please see attached
Budget Impact Analysis
NO Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
CIP Budget
If using or receiving capital funds
Grants Risk Management
Purchasing
Chief
Dept. Director
/'7f City Manager
Page 1 of 1
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
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.
Pursuant to said Resolution, six (6) of the eleven parcels of City -owned land including 6020
Northwest 15th Avenue (the "Properties") were conveyed to Miami Dream Homes Investment Group,
Inc. ("Miami Dream Homes"), by quit claim deed dated September 27, 2005, for the construction of
affordable single family homes and on July 5, 2006, a Corrective Quit -Claim. Deed was executed
between the City and Miami Dream Homes.
Pursuant to Resolution No. 07-0133, adopted March 8, 2007, the Miami City Commission approved
the modification of condition/resolution No. 5 of the Corrective Quit Claim Deed.
Pursuant to Resolution Nos. 08-0250, 09-0174 and 10-0286, adopted May 8, 2008; April 2, 2009 and
July 8, 2010 respectively, numerous extensions of time to complete the project have been granted to
Miami Dream Homes and to date project has not started because of difficulty obtaining financing.
On October 31, 2011, Miami Dream Homes submitted a request to the City Commission to consider
the acceptance of the property.
The acceptance of the property will be under the condition that the property is free of any liens and
encumbrances.
The Administration recommends the acceptance of the conveyance of the Property located at 6020
Northwest 15th Avenue from Miami Dream Homes, legally described in Exhibit "A", attached and
incorporated.