HomeMy WebLinkAboutSummary FormDate: 5/11/2012
AGENDA ITEM SUMMARY FORM
FILE ID: lc' — 0 0530
Law Department
Matter ID No.
12-1150
Requesting Department: Community Development
Commission Meeting Date: 06/14/2012 District Impacted: 1
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: EXTENSION OF TIME TO ALLAPATTAH BUSINESS DEVELOPMENT AUTHORITY, INC.
Purpose of Item:
AUTHORIZING THE CITY MANAGER TO GRANT ALLAPATTAH BUSINESS DEVELOPMENT
AUTHORITY, INC. ("ABDA"), AN EXTENSION OF TIME TO COMMENCE CONSTRUCTION FROM
JANUARY 1, 2012 TO OCTOBER 1, 2012, AND TO COMPLETE CONSTRUCTION FROM JUNE
30, 2012 TO MARCH 31, 2013, ON THE PROPERTIES LOCATED AT 790-92 NORTHWEST 29TH
TERRACE; AND AN EXTENSION OF TIME TO COMMENCE CONSTRUCTION FROM JULY 1,
2012 TO APRIL 1, 2013, AND TO COMPLETE CONSTRUCTION FROM DECEMBER 30, 2012 TO
OCTOBER 31, 2013 ON THE PROPERTIES LOCATED 3255-57 NORTHWEST 11TH COURT AND
3245-47 NORTHWEST 11TH COURT; ("PROPERTIES"), LEGALLY DESCRIBED IN EXHIBIT "A,"
ATTACHED AND INCORPORATED; AUTHORIZING THE CITY MANAGER TO MODIFY THE
PROJECT FROM AFFORDABLE HOMEOWNERSHIP TO AFFORDABLE RENTAL; FURTHER
AUTHORIZING THE CITY MANAGER TO EXECUTE MODIFICATIONS TO THE DEED(S) THAT
CONVEYED THE PROPERTIES FROM THE CITY OF MIAMI TO ABDA, AND ALL OTHER
NECESSARY DOCUMENTS, 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:
CIP
Final Approvals
(SIGN AND DATE)
....................................................
If using or receiving capital funds
Grants
Budget
Risk Management
Dept. Director
City Manager
Page 1 of 1
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. 04-0289, adopted May 6, 2004, the Miami City Commission designated
certain city -owned properties located at 3245 NW 11th Court, 3255 NW 11th Court, and 1264 NW 31st
Street, Miami, as surplus and authorized ABDA to develop three (3) twin homes for affordable to very
low, low and/or moderate -income families and/or individuals.
Pursuant to Resolution No. 07-0490, adopted September 11, 2007, the Miami City Commission
granted ABDA and extension until March 30, 2008 to commence construction on the properties
located at 1264 NW 31st Street, 3245 NW 11th Court, 3255 NW 11th Court and 790 NW 29th Terrace
and also authorized the construction of a twin home rather than single family home on the property
located at 790 NW 29th Terrace and further granted an extension until December 31, 2008, to
complete construction of a twin home on each property.
Pursuant to Resolution Nos. 08-0251, 09-0028 and 11-0120, adopted May 8, 2008, January 15, 2009
and March 24, 2011, respectively, the Miami City Commission approved various extensions for the
commencement and completion of construction dates for the properties located at 3245 Northwest
11th Court, 3255 Northwest 11th Court, 3245 Northwest 11th Court to July 1, 2012 and 790 Northwest
29th Terrace to June 30, 2012.
Due to the current economic climate, ABDA has requested to allow for the construction of duplexes
for rent on the infill lots rather than twin homes to be sold to individual buyers.
The Administration recommends granting ABDA an extension of time to commence construction
from January 1, 2012 to October 1, 2012, and to complete construction from June 30, 2012 to March
31, 2013, on the properties located at 790-92 Northwest 29th Terrace; and an extension of time to
commence construction from July 1, 2012 to April 1, 2013, and to complete construction from
December 30, 2012 to October 31, 2013 on the properties located 3255-57 Northwest 11th Court
and 3245-47 Northwest 11th Court; legally described in Exhibit "A," attached and incorporated.
The Administration further authorizes the City Manager to modify the project from affordable
homeownership to affordable rental for the Tots located at 790 Northwest 29th Terrace, 3245
Northwest 11th Court and 3255 Northwest 11th Court.