HomeMy WebLinkAboutR-15-0242City of Miami
Legislation
Resolution: R-15-0242
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 15-00520 Final Action Date: 5/28/2015
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO EXECUTE AMENDMENT NO. 6 TO THE
AGREEMENT WITH FLAGLER FIRST CONDOMINIUMS, LLC, IN SUBSTANTIALLY
THE ATTACHED FORM, RELATING TO THE REDEVELOPMENT OF AN
AFFORDABLE HOUSING CONDOMINIUM PROJECT KNOWN AS FLAGLER FIRST
CONDOMINIUM, LOCATED AT 101 EAST FLAGLER STREET, MIAMI, FLORIDA
("PROJECT"); PROVIDING AN EXTENSION OF THE DEADLINE FOR THE SALE
OF ALL THE PROJECT RESIDENTIAL CONDOMINIUM UNITS UNTIL MARCH 31,
2016.
WHEREAS, the City of Miami ("City") entered into an Agreement ("Agreement") with Flagler First
Condominiums, LLC ("Developer") relating to the redevelopment of an affordable housing
condominium project, known as Flagler First Condominium, located at 101 East Flagler Street, Miami,
Florida, to consist of no less than ninety (90) affordable residential condominium units and
approximately 7,000 square feet of retail space ("Project"); and
WHEREAS, in accordance with the Agreement, the Developer was required to obtain certificates
of occupancy for the Project and all of the Project's residential condominium units by June 23, 2005;
and
WHEREAS, the Developer experienced delays beyond its reasonable control, such as bringing
the building's premises to hurricane/wind load and fire code requirements, delays in construction due
to Hurricane preparations in 2005, and additional unforeseen structural work that was required; and
WHEREAS, the Project, pursuant to Resolution No. 08-0227, adopted April 24, 2008, was granted
an extension until June 30, 2008 for the receipt of all certificates of occupancy and until June 30,
2010 for the sale of all the Project's residential condominium units; and
WHEREAS, the Developer obtained the Project certificates of occupancy by the City's extended
deadline but experienced delays in the sale of all of the Project's residential condominium units; and
WHEREAS, pursuant to Resolution No. 14-0058, adopted February 27, 2014, the Developer was
granted an extension on the sale of all the units because of delays due to the restrictions imposed by
Miami -Dade County making it difficult to sell the remaining residential units to eligible buyers; and
WHEREAS, the Developer has yet to obtain eligible buyers for all of the Project's residential
condominium units and has thus requested an additional extension until March 31, 2016 for the sale
of all units;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
FLORIDA:
City of Miami
Page 1 of 2 File Id: 15-00520 (Version: 11 Printed On: 3/2/2018
File Number: 15-00520 Enactment Number: R-15-0242
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by
reference and incorporated as fully set forth in this Section.
Section 2. The City Manager is authorized{1} to execute Amendment No. 6, to the Agreement
with the Developer, in substantially the attached form, relating to the Project, providing an extension
until March 31, 2016, for the sale of all the Project's residential condominium units.
Section 3. This Resolution shall become effective immediately upon its adoption and signature of
the Mayor.{2}
Footnotes:
{1} The herein authorization is further subject to compliance with all requirements that may be
imposed by the City Attorney, including but not limited to, those prescribed by applicable City
Charter and Code provisions.
{2} If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10)
calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it
shall become effective immediately upon override of the veto by the City Commission.
City of Miami Page 2 of 2 File Id: 15-00520 (Version: 11 Printed On: 3/2/2018