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HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #3958 Date: 04/10/2018 Commission Meeting Date: 05/10/2018 Requesting Department: Department of Community and Economic Development Sponsored By: District Impacted: District 5 Type: Resolution Subject: Transfer CDBG Funds - Department of Real Estate and Asset Management Purpose of Item: AUTHORIZING THE ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS, IN THE AMOUNT OF $1.53 MILLION FROM 2017-2018 UNALLOCATED CDBG FUNDS, DEOBLIGATED FUNDS FROM PRIOR YEARS ACTIVITIES AND UNALLOCATED PROGRAM INCOME TO THE DEPARTMENT OF REAL ESTATE AND ASSET MANAGEMENT FOR THE PURCHASE OF CARVER THEATER LOCATED AT 6016 NW 7TH AVENUE, MIAMI, FLORIDA FOR COMMUNITY ACTIVITIES; AUTHORIZING THE CITY MANAGER TO EXECUTE ANY AND ALL THE NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. Background of Item: On April 12, 2018, pursuant to Resolution No. R-18-0138 City Commission approved an allocation of $968,204 in CDGB funds for economic development activities, which included an amount of $858,204 to Department of Capital Improvement Program for Street and Park improvements but yet to be allocated to direct activities. The amount of $858,204 represents the economic development funds earmarked for Districts 3, and 5 that is required to be allocated and spent, so the City can meet its CDBG timeliness test on August 1, 2018. On May 10, 2018, pursuant to Resolution No. R-18- City Commission approved the deobligation of $98,977.57 from various prior year activities. From September 8, 2016, the City of Miami has allocated $ 1,246,984.51 in CDBG Program Income received to Eligible CDBG Housing and Economic Development Activities of which an amount of $670,578 has been allocated leaving a balance of $576,406.41. The Liberty City Community needs additional community space for community events and the restoration of one a marquee Liberty City historic theatre. The City Administration recommends the allocation of CDBG funds to Department of Real Estate and Asset Management in the amount of $1.53 million for the purchase of Carver Theater located at 6061 NW 7th Avenue for community activities; Budget Impact Analysis Item is an Expenditure Item is NOT funded by Bonds Item is NOT Related to Revenue Total Fiscal Impact: $1.53 MILLION Special Revenue Account No: TO BE DETERMINED Department of Community Review Completed Office of Management and Office of Management and City Manager's Office Legislative Division City Manager's Office Office of the City Attorney Office of the City Attorney City Commission Office of the Mayor Office of the City Clerk Legislative Division Office of the City Attorney Office of the City Attorney Office of the City Attorney Office of the City Clerk Reviewed B and Economic Development 04/10/2018 1:10 PM Budget Luis Hernandez -Torres Budget Christopher M Rose Fernando Casamayor Valentin J Alvarez Nikolas Pascual Valentin J Alvarez Valentin J Alvarez Nicole Ewan Mayor's Office City Clerk's Office Valentin J Alvarez Richard Appleton Barnaby L. Min Victoria Mendez City Clerk's Office George Mensah Department Head Budget Analyst Review Budget Review Assistant City Manager Review Legislative Division Review City Manager Review ACA Review Deputy City Attorney Review Meeting Signed by the Mayor Completed Completed Completed Completed Completed Skipped Skipped Completed Completed Signed and Attested by the City Clerk Completed Legislative Division Review ACA Review Deputy Attorney Review Approved Form and Correctness Rendered Completed Completed Completed Completed Completed 04/11/2018 10:07 AM 04/12/2018 8:08 PM 04/23/2018 2:51 PM 04/23/2018 2:52 PM 05/01/2018 12:16 PM 05/01/2018 1:25 PM 04/30/2018 10:19 AM 05/10/2018 9:00 AM 05/18/2018 3:04 PM 05/18/2018 4:00 PM 05/23/2018 11:57 AM 05/25/2018 11:53 AM 05/25/2018 1:02 PM 06/04/2018 10:45 AM 06/04/2018 11:37 AM City of Miami Legislation Resolution Enactment Number: R-18-0177 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 3958 Final Action Date:5/10/2018 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE ALLOCATION OF COMMUNITY DEVELOPMENT BLOCK GRANT ("CDBG") FUNDS IN THE AMOUNT OF $1,530,000.00 FROM 2017-2018 UNALLOCATED CDBG FUNDS, DE -OBLIGATED FUNDS FROM PRIOR YEARS ACTIVITIES, AND UNALLOCATED PROGRAM INCOME TO THE DEPARTMENT OF REAL ESTATE AND ASSET MANAGEMENT FOR THE PURCHASE OF THE CARVER THEATER LOCATED AT 6016 NORTHWEST 7TH AVENUE, MIAMI, FLORIDA ("THEATER"), FOR COMMUNITY ACTIVITIES; AUTHORIZING THE CITY MANAGER TO EXECUTE A PURCHASE AND SALE AGREEMENT ("AGREEMENT"), IN SUBSTANTIALLY THE ATTACHED FORM, BETWEEN THE CITY OF MIAMI ("CITY"), AS PURCHASER, AND GATOR CARVER THEATER LLC ("GATOR"), AS SELLER, FOR THE ACQUISITION OF SAID THEATER; ALLOCATING THE ABOVE DESCRIBED FUNDS TO COVER THE COST OF SAID ACQUISITION, INCLUSIVE OF THE COST OF A SURVEY, ENVIRONMENTAL REPORT, TITLE INSURANCE, SECURING THE PROPERTY, AND RELATED CLOSING COSTS ASSOCIATED WITH SAID ACQUISITION IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE AGREEMENT; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, INCLUDING AMENDMENTS, RENEWALS, EXTENSIONS, AND MODIFICATIONS, AS MAY BE NECESSARY FOR SAID PURPOSE, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS. WHEREAS, on April 12, 2018, pursuant to Resolution No.18-0138, the City Commission approved an allocation of $968,204.00 in Community Development Block Grant ("CDBG") funds for economic development activities, which included an amount of $858,204.00 that has yet to be allocated to direct activities, to the Office of Capital Improvements ("OCI") Program for Street and Park improvements; and WHEREAS, the amount of $858,204.00 represents the economic development funds earmarked for Districts 3 and 5 that are required to be allocated and spent so the City of Miami ("City") can meet its CDBG timeliness test on August 1, 2018; and WHEREAS, on May 10, 2018, pursuant to Resolution No.18-0184, the City Commission approved the de -obligation of $98,977.57 from various prior year activities; and WHEREAS, since September 8, 2016, the City has allocated $1,246,984.51 in CDBG Program Income to eligible CDBG housing and economic development activities, of which an amount of $670,578.00 has been allocated, which leaves an unallocated balance of $576,406.41; and WHEREAS, the Liberty City Community needs additional community space for community events and the restoration of a marquee Liberty City historic theatre; and WHEREAS, the City Administration recommends the allocation of CDBG funds to the Department of Real Estate and Asset Management ("DREAM") in the amount of $1,530,000.00 for the purchase of Carver Theater located at 6016 Northwest 7th Avenue, Miami, Florida ("Theater"), for community activities; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The allocation of CDBG funds in the amount of $1,530,000.00 from 2017- 2018 unallocated CDBG funds, de -obligated funds from prior years activities, and unallocated program income to DREAM for the purchase of the Theater for community activities, is authorized.' Section 2. The City Manager is authorized to execute a Purchase and Sale Agreement ("Agreement"), in substantially the attached form, between the City, as purchaser, and Gator Carver Theater LLC ("Gator"), as seller, for the acquisition of said Theater, allocating the funds described in Section 2 to cover the cost of said acquisition, inclusive of the cost of a survey, environmental report, title insurance, securing the property, and related closing costs associated with said acquisition, in accordance with the terms and conditions of the Agreement Section 3. The City Manager is further authorized' to negotiate and execute any and all other documents, in a form acceptable to the City Attorney, including amendments, renewals, extensions, and modifications, as may be necessary for said purpose, subject to all federal, state, and local laws that regulate the use of such funds. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: Revision A has the Scrivener's amendment by law department and per legal opinion, it may be certified instead of the original version. Item was adopted without modifications, the item should have been adopted with modifications because the legislation contained a blank. Legislation has been corrected to include the related Resolution No. in the blank. 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 City 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.