HomeMy WebLinkAboutworksheetCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO :
FROM
The Honorable ayor an
City ommiss'oners
7de Arriola
anager
City
DATE:
SUBJECT:
REFERENCES:
ENCLOSURES:
October 21, 2004
FILE :
Worksheet for Agenda Item
November 18, 2004
Resolution & Property
Information Map
Department Requesting Agenda Item: Department of Economic Development and
Community Development
1. Subject: Designation of City -owned property located at 779 NW 57th Street,
Miami, Florida to Progressive Vision Community Development Corporation, a
Florida not -for -profit Corporation.
2. Purpose of item: Declaring surplus a City -owned parcel located at 779 NW 57th
Street, Miami, Florida and conveying same to Progressive Vision Community
Development Corporation, Inc., a Florida not -for -profit corporation to undertake
the development of four (4) new condominium units, affordable to very low, low
and/or moderate -income families and/or individuals. This item further authorizes
the City Manager to execute a Purchase and Sale Agreement, in a form acceptable
to the City Attorney, and 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 effect such sale in an expeditious
manner.
3. History of item: On October 20, 2004, Progressive Vision Community
Development Corporation, Inc., a not -for -profit corporation,
f"Purchaser/Developer") requested that the City donate a vacant City -owned
parcel located at 779 NW 57th Street, Miami, Florida in the Model City area.
Purchaser agrees to provide (4) condominium units to be occupied by individuals
and/or families within the economic affordability range of very low, low and/or
moderate income families and/or individuals, based on criteria established by
federal and/or state law. The donation of land would allow Purchaser to proffer
any savings in total cost of the residence to the homebuyer because the land is
acquired without cost. Currently the property sits vacant, represents a
maintenance cost and liability to the City, and does not generate ad valorem taxes.
Section 29B of the City of Miami Charter exempts affordable housing
developments from the competitive bidding requirements.
In an effort to promote the development of new affordable housing in the City, the
Administration recommends the conveyance of the Property to Purchaser, subject
to the following conditions precedent to the conveyance of the Property:
Worksheet for Agenda Item
November 18, 2004
Page Two
a.) Purchaser shall furnish to the City evidence that it has the funds necessary to
construct the improvements;
b.) Purchaser shall furnish evidence that it has secured buyers for the improved
Property who satisfy the applicable affordable housing requirements;
c.) Purchaser shall submit a copy of the construction contracts for the
construction; and
d.) Purchaser shall furnish evidence that it is ready to commence construction
within twelve (12) months from the date of closing and to complete construction
of the improvements within twenty-four (24) months of commencement.
4. Does this item correlate with the CIP plan or Strategic Plan? If so, how? There is
a severe shortage of housing within the affordability range of families and
individuals of very low, low and moderate -income within the City of Miami. The
partnership of the public and private sector is necessary to foster the development
of housing affordable to very low, low and moderate -income families and
individuals within the City. This item correlates with the Strategic objective by
providing affordable housing thereby revitalizing this target area and reducing
poverty.
5. Does this item have any effect on residents within the City of Miami? If so, how?
If approved, this item will facilitate the land assembly needed to provide
affordable housing in the Model City area,
6. Will this item impact any specific District? If so, which one? District 5
7. Does this item have any fiscal impact? (please provide dollar amount) There is no
financial impact to the City's General Fund. There is be a positive impact to the
City's General Fund whereby once completed, the project will generate ad
valorem taxes.
Approved by: Director(s
and / Chief / Manager