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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-21-0156 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 8870 File Type: Resolution Status: ADOPTED Revision: Controlling Body: City Commission File Name: Tranche 2 Affordable Housing Reimbursement Introduced: 4/9/2021 Requesting Dept: City Commission Final Action Date: 4/8/2021 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING AND DIRECTING THE CITY MANAGER TO ALLOCATE FROM THE TRANCHE 2 AFFORDABLE HOUSING CATEGORY, IN ACCORDANCE WITH (A) THE NOVEMBER 7, 2017 VOTER REFERENDUM FOR THE CITY OF MIAMI ("CITY") FOREVER LIMITED AD VALOREM BONDS ("VOTER REFERENDUM"), (B) THE FINAL BOND VALIDATION ORDER DATED DECEMBER 16, 2019 ("BONDS VALIDATION ORDER"), AND (C) THE CITY COMMISSION'S UPDATED SEVEN (7) AFFORDABLE HOUSING BONDS PROJECTS STRATEGIES AND THE TRANCHE 2 AFFORDABLE HOUSING BONDS INTENT TO REIMBURSE RESOLUTION NO. R-21-0046 ADOPTED JANUARY 28, 2021, ALL ATTACHED AND INCORPORATED AS COMPOSITE EXHIBIT "A", FUNDING ON A REIMBURSEMENT BASIS IN AN AMOUNT NOT TO EXCEED TWO MILLION TWO HUNDRED SIXTY SIX THOUSAND FIFTY SEVEN AND 50/100 DOLLARS ($2,266,057.50) FROM THE PROPOSED TRANCHE 2 MIAMI FOREVER AFFORDABLE HOUSING LIMITED AD VALOREM BONDS FOR THE AFFORDABLE HOUSING COMPONENTS OF SINGLE FAMILY HOUSING PROJECTS FOR LOW AND/OR MODERATE INCOME PERSONS/FAMILIES TO BE LOCATED WITHIN THE CITY'S DISTRICT 3 AT 1251 SOUTHWEST 7 STREET (FOLIO NO. 01- 4102-011-0370), 1261 SOUTHWEST 7 STREET (FOLIO NO. 01-4102-011-0361), 1269 SOUTHWEST 7 STREET (FOLIO NO. 01-4102-011-0360), AND 643 SOUTHWEST 13 AVENUE (FOLIO NO. 01-4102-011-0340), MIAMI, FLORIDA AND AS LEGALLY DESCRIBED IN THE EXHIBIT "B," ATTACHED AND INCORPORATED (COLLECTIVELY, "DISTRICT 3 SINGLE-FAMILY PROJECTS"), TO BE DEVELOPED BY THE CITY AS 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, THE VOTER REFERENDUM, THE BONDS VALIDATION ORDER, THE TRANCHE 2 MIAMI FOREVER AFFORDABLE HOUSING LIMITED AD VALOREM BONDS, THE CHARTER OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, AND THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED; DESIGNATING AN EMERGENCY NATURE; PROVIDING FOR AN EFFECTIVE DATE. Notes: Pursuant to the resolution, this item became effective immediately upon adoption by the Commission. Links: Attachments: 8870 Composite Exhibit A (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: City of Miami Page 1 of 2 Printed on: 5/19/2025 City Commission City Commission Legislative Division Jacqueline Lorenzo Leon P Michel Barnaby L. Min Victoria Mendez City Clerk's Office City of Miami Master Report Enactment Number: 4/8/2021 4/8/2021 4/15/2021 4/15/2021 4/15/2021 4/16/2021 4/20/2021 4/20/2021 R-21-0156 Meeting ADOPTED Legislative Division Review ACA Review Budget Review Deputy Attorney Review Approved Form and Correctness Rendered City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Completed Passed Completed Completed Completed Completed Completed Completed City of Miami Page 2 of 2 Printed on: 5/19/2025