HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-21-0047
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 8413 File Type: Resolution Status: ADOPTED
Revision: Controlling Body: City Commission
File Name: Allocation in GOB Funds - Block 55 Owner, LLC Introduced: 12/23/2020
Requesting Dept: Commissioners and Mayor Final Action Date: 1/28/2021
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING AND DIRECTING THE CITY MANAGER TO ALLOCATE, UPON THE
FULFILLMENT BY BLOCK 55 OWNER, LLC, A FLORIDA LIMITED LIABILITY
COMPANY ("DEVELOPER"), OF ALL OF THE TERMS AND CONDITIONS SET FORTH
IN THE COLLECTIVE MEMORANDA TO THE CITY OF MIAMI'S ("CITY") HOUSING
AND COMMERCIAL LOAN COMMITTEE, ATTACHED AND INCORPORATED AS
COMPOSITE EXHIBIT "A", FUNDING ON A REIMBURSEMENT BASIS IN AN AMOUNT
NOT TO EXCEED FIVE MILLION DOLLARS ($5,000,000.00) FROM THE PROPOSED
TRANCHE 2 MIAMI FOREVER AFFORDABLE HOUSING LIMITED AD VALOREM
BONDS FOR THE AFFORDABLE HOUSING COMPONENTS OF A 19-STORY, HIGH
RISE MIXED USE COMMERCIAL AND RESIDENTIAL COMPLEX PROJECT TO BE
LOCATED AT 249 NORTH WEST 6TH STREET, TO BE KNOWN AS "SAVVYER'S
LANDING OR BLOCK 55", BEING DEVELOPED BY THE DEVELOPER; SUCH
ALLOCATION TO BE IN COMPLIANCE WITH ALL APPLICABLE FEDERAL, STATE OF
FLORIDA, LOCAL, AND CITY LAWS, RULES, AND REGULATIONS FOR
AFFORDABLE HOUSING PROJECTS, INCLUDING BUT NOT LIMITED TO THE CITY'S
AFFORDABLE HOUSING BONDS PROJECTS STRATEGIES, THE TRANCHE 2
AFFORDABLE HOUSING INTENT TO REIMBURSE RESOLUTION, AND THE
TRANCHE 2 MIAMI FOREVER AFFORDABLE HOUSING LIMITED AD VALOREM
BONDS; PROVIDING FOR AN EFFECTIVE DATE.
Sponsor(s): Commissioner Alex Diaz de la Portilla, Commissioner Joe Carollo, Commissioner
Manolo Reyes, Commissioner Jeffrey Watson
Notes:
Links:
Attachments: 8413 Composite Exhibit A (PDF)
History of Legislative File:
Revision: Acting Body:
Date: Action: Result:
Legislative Division
Robin Jones Jackson
Leon P Michel
Barnaby L. Min
Victoria Mendez
City Commission
City Commission
Mayor's Office
City Clerk's Office
1/15/2021
1/19/2021
1/19/2021
1/19/2021
1/19/2021
1/28/2021
1/28/2021
2/8/2021
2/8/2021
Legislative Division Review
ACA Review
Budget Review
Deputy City Attorney Review
Approved Form and
Correctness
Meeting
ADOPTED
Signed by the Mayor
Signed and Attested by the City
Clerk
Completed
Completed
Completed
Completed
Completed
Completed
Passed
Completed
Completed
City of Miami Page 1 of 2 Printed on: 5/15/2025
City Clerk's Office
City of Miami
Master Report
Enactment Number: R-21-0047
2/8/2021 Rendered
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Completed
City of Miami Page 2 of 2 Printed on: 5/15/2025