HomeMy WebLinkAboutSummary FormFILE ID:
AGENDA ITEM SUMMARY FORM
14-00240
Date: 03/06/2014
Commission Meeting Date: 03/27/2014
Law Department
Matter ID No.
Requesting Department: Community & Economic Development
District Impacted: 1,2,3,4,5
Type: Resolution I I Ordinance Emergency Ordinance Discussion Item
Other
Subject: Grant Allapattah Business Development Authority, Inc. (ABDA) an extention to commence
and complete construction
X
Purpose of Item:
AUTHORIZING THE CITY MANAGER TO GRANT ALLAPATTAH BUSINESS DEVELOPMENT
AUTHORITY, INC. ("ABDA"), AN EXTENSION OF TIME TO COMMENCE CONSTRUCTION
FROM SIX (6) MONTH FROM THE DATE AS MAY BE APPROVED BY THE CITY COMMISSION,
AND TO COMPLETE CONSTRUCTION EIGHTEEN (18) MONTHS FROM THE DATE AS MAY BE
APPROVED BY THE CITY COMMISSION, ON THE PROPERTIES LOCATED AT 790-92
NORTHWEST 29TH TERRACE; 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 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?
-S--- 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:
CIP
Final Approvals
(SIGN AND DATE)
Budge
If using or receiving capital funds
Grants -
3 a i
Risk Management
Dept. Director
City Manager
Page I of 1
AGENDA ITEM SUMMARY FORM CONTINUED
Background Information:
Pursuant to Resolution No. 03-215, adopted February 27, 2003, the City Commission approved the
conveyance of two city -owned vacant parcels located at 790-91 NW 29 Terrace; to Allapattah
Business Development Authority, Inc. (ABDA) and on May 6, 2004, pursuant to Resolution No 04-
0289, the City Commission designated certain city -owned properties located at 3255 NW 11 Court,
3245 NW 11 Court as surplus and authorized ABDA to developed three. (3) twin homes affordable to
very low, low and/or moderate -income families and/or individuals.
Through various extensions and pursuant to Resolution No. 12-0224, adopted June 14, 2012
provided by the City Commission, ABDA had until October 1, 2012 to commence construction and
until April 1, 2013 to complete construction for the properties located at 790-91 NW 29 Terrace,
3255-57 Northwest 11th Court and 3245-47 Northwest 11th Court.
Due to ABDA's inability to obtain the requisite construction financing they have not been able to start
construction.
ABDA has provided a construction contract which includes construction financing to be able to start
the construction of the properties.
The Administration recommends granting ABDA an extension of time to commence construction
for the properties located at 790-91 Northwest 29th Terrace, 3255-57 Northwest 11th Court and 3245-
47 Northwest 11th Court from six (6) months from the date as may be approved by the City
Commission, and to complete construction eighteen (18) months from the date as may be approved
by the City Commission.