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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-24-0373 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 16635 Revision: File Name: MFB Allocation - 5215 Flagler Street, LLC Requesting Dept: Commissioners and Mayor File Type: Resolution Status: ADOPTED Controlling Body: City Commission Introduced: 9/11/2024 Final Action Date: 9/26/2024 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), PURSUANT TO SECTION 18-85(A) OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, BY A FOUR FIFTHS (4/STHS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE CITY MANAGER'S FINDINGS, ATTACHED AND INCORPORATED AS EXHIBIT "B," THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS FOR THE CITY OF MIAMI ("CITY") AND WAIVING THE REQUIREMENTS FOR SAID PROCEDURES; AUTHORIZING THE ALLOCATION AND APPROPRIATION OF MIAMI FOREVER BOND ("MFB") PROGRAM FUNDS IN AN AMOUNT NOT TO EXCEED THREE MILLION NINE HUNDRED THOUSAND AND 00/100 DOLLARS ($3,900,000.00) FROM THE DISTRICT 4 COMMISSIONER'S SHARE OF MFB PROGRAMS ("FUNDS") TO 5215 FLAGLER STREET, LLC ("DEVELOPER"), TO CONSTRUCT AN AFFORDABLE HOUSING DEVELOPMENT, LOCATED AT 5215 WEST FLAGLER STREET, MIAMI, FLORIDA, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT "A," ATTACHED AND INCORPORATED ("PROJECT"), SUBJECT TO COMPLIANCE WITH THE CITY'S DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT GUIDELINES, THE RECEIPT BY THE CITY MANAGER OF THE WRITTEN APPROVAL OF THE PROJECT BY THE CITY'S HOUSING AND COMMERCIAL LOAN COMMITTEE AND SUBJECT TO THE TERMS, CONDITIONS, AND RESTRICTIONS CONTAINED IN THE HCLC APPROVAL (COLLECTIVELY, "HCLC APPROVAL"), AND ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS FOR SAID PURPOSE; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE, SUBJECT TO THE RECEIPT BY THE CITY MANAGER OF THE HCLC APPROVAL. Sponsor(s): Commissioner Manolo Reyes Notes: Pursuant to the resolution, this item became effective immediately upon adoption by the Commission. Links: Attachments: 16635 Exhibit A (PDF) 16635 Exhibit B (PDF) 16635 Exhibit C (PDF) 16635 Notice to the Public (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: City of Miami Page 1 of 2 Printed on: 10/15/2024 Legislative Division Donovan Dawson Leon P Michel Xavier Alban George K. Wysong III City of Miami Master Report City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Enactment Number: R-24-0373 9/17/2024 Legislative Division Review Completed 9/17/2024 Budget Analyst Review Completed 9/17/2024 Budget Review Completed 9/17/2024 ACA Review Completed 9/17/2024 Approved Form and Completed Correctness City Commission 9/26/2024 Meeting Completed City Commission 9/26/2024 ADOPTED Passed City Clerk's Office 9/30/2024 Rendered Completed City of Miami Page 2 of 2 Printed on: 10/15/2024