HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-20-0157
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 7450 File Type: Resolution Status: ADOPTED
Revision: Controlling Body: City Commission
File Name: Right of Reverter - Residences at Dr. King Introduced: 5/14/2020
Boulevard, LTD
Requesting Dept: City Commission Final Action Date: 5/14/2020
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE MODIFICATION OF THE CITY OF MIAMI'S ("CITY") RIGHT OF
REVERTER IN ORDER TO BE MORE CONSISTENT WITH FREDDIE MAC'S LENDING
STANDARDS FOR THE PROJECT ("PROJECT") BEING DEVELOPED BY
RESIDENCES AT DR. KING BOULEVARD, LTD., A FLORIDA LIMITED PARTNERSHIP
("RDK"), PROVIDED THAT THE CONVEYANCE IS IN FULL COMPLIANCE WITH THE
CHARTER OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, PARTICULARLY
SECTION 29, THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AND
ANY AND ALL OTHER LOCAL, STATE, AND FEDERAL RULES; FURTHER
PROVIDED THAT THE CITY'S DECLARATION OF RESTRICTED COVENANTS IS
RECORDED SIMULTANEOUSLY WITH THE DEED AND BEFORE ANY OF THE
PROJECT'S LENDERS' OR INVESTOR(S)' DOCUMENTS; FURTHER PROVIDED
THAT BEFORE RDK, ITS SUCCESSORS, TRANSFEREES, OR ASSIGNS
(COLLECTIVELY, "DEVELOPER") MAY TRANSFER, ATTEMPT TO TRANSFER, OR
ENCUMBER THE PROPERTIES OR THE PROJECT, OR ANY PORTION THEREOF,
THE DEVELOPER MUST FIRST OBTAIN THE CITY'S PRIOR WRITTEN
AUTHORIZATION; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE
AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY AND BOND COUNSEL, FOR SAID
PURPOSE.
Sponsor(s): Commissioner Keon Hardemon
Notes:
Links:
Attachments: 7450 Exhibit A (PDF)
History of Legislative File:
Revision: Acting Body: Date:
Action:
Result:
City Commission
City Commission
Legislative Division
Richard Appleton
Barnaby L. Min
Victoria Mendez
Mayor's Office
City Clerk's Office
City Clerk's Office
5/14/2020
5/14/2020
5/15/2020
5/19/2020
5/20/2020
5/20/2020
5/26/2020
5/26/2020
5/26/2020
Meeting
ADOPTED
Legislative Division Review
ACA Review
Deputy Attorney Review
Approved Form and
Correctness
Unsigned by the Mayor
Signed and Attested by the City
Clerk
Rendered
Completed
Passed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
City of Miami Page 1 of 2
Printed on: 5/2/2025
City of Miami
Master Report
Enactment Number: R-20-0157
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
City of Miami Page 2 of 2 Printed on: 5/2/2025