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