HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: OP— i 2`4 0
Law Department
Matter ID No.
Date: 10/26/2009 Requesting Department: Community Development
Commission Meeting Date: 11/19/2009 District Impacted: 5
Type: ® Resolution D Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: CONVEYANCE OF PROPERTY TO CURLEY'S HOUSE OF STYLE, INC.
Purpose of Item:
AUTHORIZING THE CITY MANAGER TO CONVEY, WITH TITLE REVERTER PROVISIONS, THE
CITY OF MIAMI OWNED PROPERTY LOCATED AT 1302 NORTHWEST 54TH STREET, MIAMI,
FLORIDA, LEGALLY DESCRIBED IN EXHIBIT "A", ATTACHED AND INCORPORATED, TO
CURLEY'S HOUSE OF STYLE, INC. FOR THE HOPE FOOD BANK PROGRAM AND OTHER
COMMUNITY SUPPORTIVE SERVICES THAT BENEFIT LOW TO MODERATE INCOME
INDIVIDUALS AND FAMILIES; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE A
PURCHASE AND SALE AGREEMENT IN SUBSTANTIALLY THE ATTACHED FORM AND ALL
OTHER NECESSARY DOCUMENT(S) FOR SAID PURPOSE.
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
Risk Management
Purchasin Dept. Director
Chief City Manager
If using or receiving capital funds
Grants
Page 1 of 1
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
On November 7, 1997, Prestige Enterprise, Inc. and Emma Lee Martin and Miami Capital
Development, Inc. executed loan documents in the amount of $300,000 of CDBG funds ("Loan").
During the year 2001 the Department of Community Development took over the collection activities
of all the Miami Capital Development, Inc's loans.
On January 25, 2002, the City of Miami ("City") filed Notice of Lis Pendens seeking to foreclose on
the property located at 1302 Northwest 54th Street ("Property") as a result of the default of the Loan.
On July 21, 2009, the City obtained the Certificate of Title for the property.
As of October 1, 2009, real estate property taxes in the amount of $40,511.85 and water and sewer
services lien in the amount of $493.58 are outstanding and past due.
On October 8, 2009, Curley's House of Style, Inc. ("Curley's") provided a letter of interest for the use
of the property for the Hope Food Bank Program and other community supportive programs that
benefit low to moderate income individuals and families.
Under Title 24 Code of Federal Regulations Section 84.83(c)(2), the conveyance of the Property,
which was obtained pursuant to a CDBG allocation, to Curley's will be contingent upon the United
States Housing and Urban Development's ("HUD")approval.
The Administration recommends that the conveyance of the Property be subject to the following
restrictions: (i) the Purchaser agrees to pay at closing certain existing Water and Sewer liens in the
amount of $493.58 and outstanding real estate property taxes in the amount of $40,511.85 plus
interest and other applicable fees at closing.; (ii) The use of the property shall be restricted for the
provision of services through Curley's House of Style, Inc. for the Hope Food Bank and other
community supportive services that serve low to moderate income individuals and families as
described under Title 24 Code of Federal Regulations Section 570.208(a)(2)(i); (iii) Any mortgages
obtained by the Purchaser on the property will be subject to approval by the City of Miami,
Department of Community Development; (iv) The Deed from the City to the Curley House will be
restricted indefinitely.