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HomeMy WebLinkAboutPre-LegislationCity of Miami Legislation Resolution: R-17-0512 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 2760 Final Action Date: 11/16/2017 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO AWARD THE CONVEYANCES, WITH AFFORDABLE/WORKFORCE RENTAL HOUSING RESTRICTIONS AND REVERTER PROVISIONS, OF CERTAIN CITY OF MIAMI ("CITY') OWNED PARCELS OF LAND LOCATED APPROXIMATELY AT 1501, 1515, 1525, 1535, 1551, 1560, 1520, AND 1500 NORTHWEST 62 STREET, 1305, 1321, 1331, 1341, AND 1361 NORTHWEST 61 STREET, AND 6240 NORTHWEST 15 AVENUE, MIAMI, FLORIDA, AS MORE PARTICULARLY DESCRIBED IN ATTACHMENT "A," ATTACHED AND INCORPORATED, RESPECTIVELY TO ATLANTIC PACIFIC COMMUNITIES, LLC AND CENTENNIAL MANAGEMENT CORP. (COLLECTIVELY, "DEVELOPERS"), THE RESPONSIVE AND RESPONSIBLE BIDDERS RESPONDING TO A REQUEST FOR PROPOSALS ISSUED NOVEMBER 21, 2016 BY THE CITY'S DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT FOR THE DEVELOPMENT OF AFFORDABLE/WORKFORCE RENTAL HOUSING IN ACCORDANCE WITH SECTION 29-B(A) OF THE CHARTER OF THE CITY OF MIAMI, FLORIDA, AS AMENDED; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE, IN FORMS ACCEPTABLE TO THE CITY ATTORNEY AND BOND COUNSEL, PURCHASE AND SALE AGREEMENTS FOR EACH SUCH PARCEL AND ANY AND ALL OTHER NECESSARY DOCUMENTS TO CONVEY THE RESPECTIVE PARCELS TO THE DEVELOPERS AND IN COMPLIANCE WITH THE REQUIREMENTS UNDER THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED. WHEREAS, on November 21, 2016, the City of Miami ("City") issued a Request for Proposals ("RFP") inviting qualified private real estate developers to propose developments of Affordable/Workforce rental housing on certain City -owned parcels of land; and WHEREAS, a total of six (6) responses were received, two (2) of which met the minimum threshold and fulfilled all the proposal requirements as responsive and responsible bidders: Atlantic Pacific Communities, LLC and Centennial Management Corp. (collectively, "Developers"); and WHEREAS, the City Administration recommends awarding the conveyances to the Developers of the City -owned properties located between Northwest 13th and 15th Avenues and Northwest 61st and 62nd Streets, Miami, Florida, as legally described in Attachment "A," attached and incorporated (collectively, "Parcels"), with affordable/workforce rental housing restrictions and reverter provisions; and WHEREAS, some of the properties have been acquired with, refinanced by, or improved by tax-exempt bond funds of the City and such restricted funds will need to be repaid by the Developers to the City, as applicable, in order to comply with continuing requirements of the U.S. Internal Revenue Code of 1986, as amended; and City of Miami Page 1 of 3 File ID: 2760 (Revision: A) Printed On: 2/27/2019 File ID: 2760 Enactment Number: R-17-0512 WHEREAS, the restrictions and reverter provisions contained in the conveying instruments shall require the Parcels to revert to the City if (i) the developments are not completed within twenty-four (24) months of the date of closing as evidenced by a Certificate of Occupancy or Temporary Certificate of Occupancy, which may be amended by the Director of the Department of Housing and Community Development ("Director") and (ii) the developments are not solely used for low to moderate household income housing; and WHEREAS, the Parcels shall be for the development of Affordable/Workforce rental housing in accordance with Section 29-B(a) of the Charter of the City of Miami, Florida, as amended ("City Charter"); and WHEREAS, the City shall require the following in order to convey the Parcels to the Developers: (i) evidence satisfactory to the Director that financial commitments from the lender or lenders have been received; (ii) any mortgages obtained by the Developers on the Parcels will be subject to the approval of the Director; (iii) payment by the Developer to the City of the total amount of restricted funds used to acquire, refinance, or improve the Parcel(s) with an affidavit of such payment and receipt by the City of such payment(s) in forms) acceptable to the City's Finance Director, the City Attorney, and Bond Counsel; and (iv) the closing of the Parcels occurs simultaneously with the closing of the construction financing by the lender(s), if any; and WHEREAS, the Parcels shall be conveyed through purchase and sale agreements ("Agreements") and any other necessary documents, all in form(s) acceptable to the City Attorney and Bond Counsel; 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 City Manager is authorized' to award the conveyances with affordable/workforce rental housing restrictions and reverter provisions of certain Parcels as more particularly described in Attachment "A," attached and incorporated, respectively to the Developers for the development of affordable/workforce rental housing in accordance with Section 29-B(a) of the City Charter. Section 3. The City Manager is further authorized' to negotiate and execute the Agreement(s) and any and all other necessary documents, all in form(s) acceptable to the City Attorney and Bond Counsel, to convey the respective Parcels to the Developers and in compliance with the requirements under the U.S. Internal Revenue Code of 1986, as amended. Section 4. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 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 3 File ID: 2760 (Revision: A) Printed on: 2/27/2019 File ID: 2760 Enactment Number: R-17-0512 APPROVED AS TO FORM AND CORRECTNESS: /2017 City of Miami Page 3 of 3 File ID: 2760 (Revision: A) Printed on: 2/27/2019 Department :af:Commtmity and Economic Development Attachment "A" ADDRESS FOL109 LEGAL DESCRIPTION Sloe Company 6240 NW 15 AVE 1501'NW62ST 1515 NW 62 5T 1525 N W G2-$T 1535NYd62'ST 1551NW62`57 " 61-3114,027-129iI 01«9114027-1250 01°3114 Q27-12A(i 01-3114tl27-1230 013111027- 22D ` 01-331MQ27-1210 E L10Ei4T5 ITYSEC APB 3919 LOT 16 BLX 6 L01114E 2800 SR FT GOC 220312374 012004 3 E L16ERTY GITYSEC A PS 39.19.L0T511 THRU 14 BLK SLOT SIZE 1X066 SCI FT OR22868,292412043C0C25303.2014U120073 E LIBERTY CITY SEC A PB 39.19 LOT 0'8LK 6 LOT SIZE 40.000 X 85 OR 218594021 11033 E LIBERTY CITYSEC A PE 3919 LOT 8 BLK 6 LOT'SIZE 4O.000 X 85 OR 22340-4460 0704 3 R EUBERTYOTYSECAPB39.19L0770LK6LOTSI?E40.000365O00 24404480 0704 8 ELIBERTY C1TYSEC AP839.59LOT 6BLK6LOT SIZE 40.000X.B1CLERKS' 1396 3231096 OR 19686.2417 �$ 11.066 3,400 3,400 34 Atlantic P@ c Communities 1560 NW 62 ST .. 1 20 N W 62 ST 1500NW625T 01-3114 Q35-2000 .''DRANGE 41-3114.035-2020 . 01-3114-625.2630 09989E HOTS PEI 14.62 PARC101 AKA LOTS 19 & 20 LESS N30FT FOR R/W & N 1/2 OF ALLEY'LYG SS AID CLOSED PER ORD 13432.LOT Sae 50 X 83SS1670520226451702023 HOTSPB I4-62 PARC 103 91691OIS 21 THRU 25 &- W16FT OP LOT 06 LES$ NIBFT FOR R/4V Ow 41 & N 1/7 OP ALLEY LVG 5 & ADJ CLOSED PEi6 ORp13492 LOT SIZE '141 X 303 SOFT OR 15070-2021.0202 ORANGE NGTS PB 14.62 PARC:103 AKA LOTS 27.& ,28 & EWFT OF LOT25 LESSNIOFTFOR RAN BLK11.&N1/2'06ALLEY -LY0$&A0l'CLOSED PEP ORD 13492 LOT SIZE 59 X 104 SO ET OR 20226460002023 Tatdl 4,350 14,623: Elam' Arlo tit P8cific Communitles 24;809 13Q5 NIA 1321 NW 61 ST 1331" NW 61 ST 7341NW6157 1361 NW 61 ST ' OL 3x.1d A43 Q150 01-S114 ti43-0160 01-3114 413d?180 01 114a0430190 01-31,14.043.0.00 ORCHARD VILLA EX7`P1317.55-W35FT LOT 28 BLK'1 LOT SIZE 35.000 X 10fi OR S6299 31761Z513 ORCHARD VILLA EXTP817,5S LOTS 29&30 8141 LOT SIZE 100,000X 106 0R 25855 30780820073 ORCHARD VILLA En PB 17.55 LOT 61 86R 14AT SIZE 50.000'X 106 OR 1971i 3315 0S 2007 3 145341ORCHARD VILLA EXTP817+,55LOT 32:BLK1LOT SIZP50.00QX;9Q0 100 OR 2.255936360804 3 ORCHARD VILLA EXT P817-55 I. 83THRU 33 BLK ILOT:SIZE 200.000 X 106.OR 19451 1596 01013-- Total -.. ........ 3,?1 L 10,600 6,300 21200 Cznt nnia1 Manago nest, carp. 6'-1