HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: 13 —D 131012,
Date: 11 / 19/2013
Commission Meeting Date: 12/12/2013
Law Department
Matter ID No.
Requesting Department: Community & Economic Development
District Impacted: 5
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: ALLOCATION OF NEIGHBORHOOD STABILIZATION PROGRAM 1 PROGRAM
INCOME FUNDS
Purpose of Item:
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE ALLOCATION OF
NEIGHBORHOOD STABILIZATION PROGRAM 1 ("NSP1"), PROGRAM INCOME FUNDS UP
TO $300,000 FOR THE CONSTRUCTION OF NEW AFFORDABLE HOMES AT THE CITY OF
MIAMI OWNED SITES LOCATED AT 1477 NORTHWEST 60TH STREET, 1336 NORTHWEST
60TH STREET, 5852 NORTHWEST 13TH AVENUE, AND 1497 NORTHWEST 60TH STREET
A/K/A 6005 NORTHWEST 15TH AVENUE, MIAMI, FLORIDA, LEGALLY DESCRIBED IN
EXHIBIT "A", ATTACHED AND INCORPORATED AND APPROVE AMENDMENT #3 TO THE
CONSTRUCTION CONTRACT WITH LINK CONSTRUCTION GROUP, INC. FOR THE DESIGN
AND CONSTRUCTION. OF SINGLE-FAMILY INFILL HOUSING; AUTHORIZING THE CITY
MANAGER TO EXECUTE ALL NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO
THE CITY ATTORNEY, FOR SAID PURPOSE
Background Information:
Please see attached
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No: TO BE DETERMINED
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $300,000
Final Approvals
(SIGN AND DATE)
CIP Budge
If using or receiving capital funds
Grants — Risk Management
Dept. Directo
City Manage
Page 1 of 1
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AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. 10-0538, adopted December 16, 2010 the Miami City Commission
approved giving the City Manager authority to execute Purchase and Sale Agreements for the sale of
15 (fifteen) properties under the NSP and the Neighborhood Initiatives Program.
Out of the fifteen (15) properties, seven (7) have been built and sold through the City of Miami,
Department of Community and Economic Development First Time Homebuyer Program; three (3)
properties are currently under construction and one (1) property was eliminated due to WASA issue.
The remaining four (4) properties will be used for the construction of affordable homes.
The contractor, Link Construction Group, Inc. is in need of additional funds to complete the affordable
housing construction.
The Administration recommends the allocation of NSP1 program income funds up to $300,000 for
the construction of new affordable homes of the City owned sites located at 1477 Northwest 60th
Street, 1336 Northwest 60th Street, 5852 Northwest 13th Avenue, and 1497 Northwest 60th Street
a/k/a 6005 Northwest 15th Avenue, Miami, Florida, legally described in Exhibit "A", attached and
incorporated and the approval of Amendment #3 to the construction contract with Link Construction
Group, Inc.