HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-19-0502
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 6501
Revision:
File Type: Resolution
File Name: Authorize Sale or Lease of Real Estate -
Affordable/Workforce Rental or Homeownership
Status: ADOPTED
Controlling Body: City Commission
Introduced: 9/11/2019
Requesting Dept: Department of Housing and Community Final Action Date: 12/12/2019
Development
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE
AGREEMENTS, INCLUDING BUT NOT LIMITED TO LEASES, PURCHASE AND SALE
AGREEMENTS, AND/OR MANAGEMENT AGREEMENTS, ALL IN FORMS
ACCEPTABLE TO THE CITY ATTORNEY AND BOND COUNSEL, WITH BHP
COMMUNITY LAND TRUST, INC. D/B/A SOUTH FLORIDA COMMUNITY LAND
TRUST, A STATE OF FLORIDA NOT FOR PROFIT CORPORATION ( "SFCLT" ), FOR
THE DEVELOPMENT OF CERTAIN CITY OF MIAMI ("CITY") OWNED PARCELS OF
LAND LOCATED APPROXIMATELY AT 6200 NORTHWEST 17TH AVENUE AND 6201
NORTHWEST 17TH AVENUE, MIAMI, FLORIDA, AS LEGALLY DESCRIBED IN
EXHIBIT "A," ATTACHED AND INCORPORATED ( "PROPERTIES" ), AS
AFFORDABLE/WORKFORCE RENTAL AND HOMEOWNERSHIP HOUSING,
INCLUDING THE SALE OR LEASE OF SUCH PARCELS WITH
AFFORDABLE/WORKFORCE HOUSING RESTRICTIONS AND REVERTER
PROVISIONS, IF APPLICABLE, ALL IN ACCORDANCE WITH SECTION 29-B(A) OF
THE CHARTER OF THE CITY OF MIAMI, FLORIDA, AS AMENDED ( "CITY
CHARTER" ), WHICH MAY BE IN THE FORM OF A GROUND LEASE FOR UP TO A
FIFTY-FIVE (55) YEAR INITIAL TERM WITH TWO (2) OPTIONS TO RENEW FOR
TERMS OF UP TO TEN (10) YEARS EACH, A TRANSFER OF THE FEE TITLE TO THE
PROPERTIES, OR A COMBINATION OF THE FOREGOING, EACH IN ACCORDANCE
WITH SECTION 29-B(A) OF THE CITY CHARTER AND ALL SUBJECT TO THE
RECEIPT OF THE OPINION OF BOND COUNSEL THAT THE EXECUTION OF SUCH
AGREEMENTS AND THE TRANSFER OF THE PROPERTIES AS DESCRIBED SUCH
AGREEMENTS WILL NOT, BY ITSELF, AFFECT THE EXCLUSION FROM GROSS
INCOME FOR FEDERAL INCOME TAX PURPOSES OF INTEREST ON THE BONDS
SUCH AGREEMENTS MAY PROVIDE FOR THE TRANSFER BY SFCLT OF ITS
INTEREST IN THE PROPERTIES TO ANOTHER ENTITY, SUCH AS A LIMITED OR
GENERAL PARTNERSHIP OR LIMITED LIABILITY COMPANY, PROVIDED SFCLT
RETAINS A MAJORITY INTEREST IN THE PARTNERSHIP, GENERAL PARTNER, OR
MEMBER MANAGER, AS APPLICABLE; FURTHER PROVIDING THAT WITH
RESPECT TO THE HOMEOWNERSHIP PORTION OF THE PLANNED
DEVELOPMENT, SFCLT MAY ENTER INTO A GROUND LEASE OR SUB -GROUND
LEASE WITH A CONDOMINIUM ASSOCIATION OR ANOTHER ENTITY AS MAY BE
OTHERWISE PROVIDED IN THE AGREEMENT(S) TO FACILITATE
HOMEOWNERSHIP; FURTHER PROVIDING THAT REGARDLESS OF THE FORM OF
THE TRANSFER MECHANISM OF THE PROPERTIES TO SFCLT, ALL SUCH
AGREEMENTS SHALL PROVIDE FOR THE CONTINUED RESTRICTION ON THE USE
OF THE PROPERTIES FOR AFFORDABLE/WORKFORCE RENTAL AND
HOMEOWNERSHIP HOUSING CONSISTENT WITH SECTION 29-B(A) OF THE CITY
CHARTER AND THIS RESOLUTION; FURTHER AUTHORIZING THE CITY MANAGER
TO NEGOTIATE AND EXECUTE ANY AND ALL OTHER NECESSARY DOCUMENTS,
ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY AND BOND COUNSEL, FOR
City of Miami Page 1 of 2 Printed on: 4/28/2025
City of Miami
Master Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Enactment Number: R-19-0502
SAID PURPOSE AND IN COMPLIANCE WITH THE REQUIREMENTS UNDER THE
UNITED STATES INTERNAL REVENUE CODE OF 1986, AS AMENDED, AS
NECESSARY TO PRESERVE THE FEDERAL INCOME TAX STATUS OF THE
INTEREST ON THE CITY' S BONDS REFERENCED HEREIN.
Notes:
Links:
Attachments: 6501 Exhibit A (PDF)
6501 Notice to the Public (PDF)
6501 Pre -Legislation (PDF)
6501 Corporate Detail (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
George Mensah 9/18/2019 Department Head Review Completed
Luis Hernandez -Torres 9/20/2019 Budget Analyst Review Completed
Christopher M Rose 9/26/2019 Budget Review Completed
Sandra Bridgeman 9/27/2019 Assistant City Manager Review Completed
Nikolas Pascual 9/27/2019 City Manager Review Completed
Legislative Division 10/3/2019 Legislative Division Review Completed
Richard Appleton 11/8/2019 ACA Review Completed
Barnaby L. Min 11/11/2019 Deputy City Attorney Review Completed
Victoria Mendez 11/12/2019 Approved Form and Completed
Correctness
City Commission 11/21/2019 Meeting Completed
City Commission 11/21/2019 CONTINUED Passed
City Commission 12/12/2019 Meeting Completed
City Commission 12/12/2019 ADOPTED Passed
Mayor's Office 12/23/2019 Unsigned by the Mayor Completed
City Clerk's Office 12/23/2019 Signed and Attested by the City Completed
Clerk
City Clerk's Office 12/23/2019 Rendered Completed
City of Miami Page 2 of 2 Printed on: 4/28/2025