HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 0 6- 00 144
PH.8
Date: 1/20/2006 Requesting Department: Community Development
Commission Meeting Date: 2/9/2006 District Impacted:
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: CONVEY SURPLUS PROPERTY TO PROGRESSIVE VISION COMMUNITY
DEVELOPMENT CORPORATION, INC.
Purpose of Item:
AUTHORIZING THE CITY MANAGER TO DECLARE SURPLUS THE CITY -OWNED REAL
PROPERTY LOCATED AT 1240 NW 61 STREET, MIAMI, FLORIDA ("PROPERTY");
AUTHORIZING THE CITY MANAGER TO CONVEY THE PROPERTY, WITH PARCEL
REVERTER PROVISIONS, TO PROGRESSIVE VISION COMMUNITY DEVELOPMENT
CORPORATION, INC. ("PROGRESSIVE"),O FLORIDAHESIDENTSOR-PROFIT OF THE CITYO OF MIAMIN,
TO PROVIDE AFFORDABLE HOUSING F
WHOSE INCOME DOES NOT EXCEED
TO EXECUTEF THEAN INCOME;
THE NECESSARY DOCUMENTS FOR
AUTHORIZING THE CITY MANAGER
SAID PURPOSE.
Background Information:
• The Property will be subject to a restrictive covenant for an affordability period of 20 years;
• Said Property must meet yearly HQS standards;
• The City of Miami residents cannot have an income higher than 80% of median income
Budget Impact Analysis
Is this item related to revenue?
Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Dept. Directo
Chief
Final Approvals
(SIGU AND DATE)
vir
City Manager