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HomeMy WebLinkAboutLegislation-SUBTHIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. City of Miami Legislation Resolution: 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 City of Miami Page 1 of 2 File ID: 3958 (Revision: A) Printed On: 8/24/2018 3 9 Sy JAA\071-s'ub THIS DOCUMENT IS A SUBSTITUTION TO ORIGINAL. BACKUP ORIGINAL CAN BE SEEN AT END OF THIS DOCUMENT. File ID: 3958 Enactment Number: R-18-0177 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.' APPROVED AS TO FORM AND CORRECTNESS: ria�Gi Tndez, City ttor 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. City of Miami Page 2 of 2 File ID: 3958 (Revision: A) Printed on: 8/24/2018 * 1I CII?x OWED * () K , p SUBSTITUTED City of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 3958 Final Action Dat 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- 118 UNALLOCATED CDBG FUNDS, DEOBLIGATED FUNDS FROM PRIOR Y ACTIVITIES, AND UNALLOCATED PROGRAM INCOME TO THE DEPA REAL ESTATE AND ASSET MANAGEMENT FOR THE PURCHASE OF CARVER THEATER, LOCATED AT 6016 NORTHWEST 7TH AVENU FLORIDA ("THEATER"), FOR COMMUNITY ACTIVITIES; AUTHOR MANAGER TO EXECUTE A PURCHASE AND SALE AGREEME IN SUBSTANTIALLY THE ATTACHED FORM, BETWEEN THE ("CITY"), AS PURCHASER, AND GATOR CARVER THEATE SELLER, FOR THE ACQUISITION OF SAID THEATER, AL DESCRIBED FUNDS TO COVER THE COST OF SAID A THE COST OF A SURVEY, ENVIRONMENTAL REPO SECURING THE PROPERTY AND RELATED BUYE ASSOCIATED WITH SAID ACQUISITION, IN ACCO CONDITIONS OF THE AGREEMENT; FURTHER MANAGER TO NEGOTIATE AND EXECUTE A FORM ACCEPTABLE TO THE CITY ATTOR RENEWALS, EXTENSIONS, AND MODIFIC SAID PURPOSE, SUBJECT TO ALL FED REGULATE THE USE OF SUCH FUND RS MENT OF HE , MIAMI, ING THE CITY ("AGREEMENT"), ITY OF MIAMI LC ("GATOR"), AS CATING THE ABOVE UISITION, INCLUSIVE OF , TITLE INSURANCE, LOSING COSTS DANCE WITH THE TERMS AND UTHORIZING THE CITY AND ALL DOCUMENTS, IN A Y, INCLUDING AMENDMENTS, IONS, AS MAY BE NECESSARY FOR L, STATE, AND LOCAL LAWS THAT WHEREAS, on April 12, 2018, p suant to Resolution No.18-0138, the City Commission approved an allocation of $968,204.00 n Community Development Block Grant ("CDBG") funds for economic development activities hich included an amount of $858,204.00 that has yet to be allocated to direct activities, to e Office of Capital Improvements ("OCI") Program for Street and Park improvements; and WHEREAS, the amo . t of $858,204.00 represents the economic development funds earmarked for Districts 3 . " d 5 that are required to be allocated and spent so the City of Miami ("City") can meet its CD: timeliness test on August 1, 2018; and WHEREAS, • May 10, 2018, pursuant to Resolution No.18- , the City Commission approved the de-o% igation 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 Inc. e to eligible CDBG housing and economic development activities, of which an amount of ';.70,578.00 has been allocated, which leaves an unallocated balance of $576,40•.41; and WHEREAS, the Liberty City Community needs additional community space for coy munity 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 SUBSTITUTED for the purchase of Carver Theater located at 6016 Northwest 7th Avenue, Miami, Florida, 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 fro 017- 2018 unallocated CDBG funds, deobligated funds from prior years activities, and un, ocated program income to DREAM for the purchase of the Theater for community activitie ., is authorized.' Section 2. The City Manager is authorized' to execute a Purchase a • Sale Agreement ("Agreement"), in substantially the attached form, between the City, as pur', aser, and Gator Carver Theater LLC ("Gator"), as seller, for the acquisition of said Theat- , allocating the funds described in Section 2 to cover the cost of said acquisition, inclusive o e cost of a survey, environmental report, title -insurance, securing the property and relat:: buyer closing costs associated with said acquisition, in accordance with the terms and onditions of the Agreement Section 3. The City Manager is further authorized' to gotiate and execute any and all documents, in a form acceptable to the City Attorney ncluding amendments, renewals, extensions, and modifications, as may be neces ;ary for said purpose, subject to all federal, state, and local laws that regulate the use of ch funds. Section 4. This Resolution shall become eff- tive immediately upon its adoption and signature of the Mayor.' APPROVED AS TO FORM AND CORRECTNSS: e herein authorization is further subject to compliance with all requirements that may be imposed by e 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.