HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-21-0209
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 9083
Revision: A
File Name: Tranche 2 funding - Block 55 Project
Requesting Dept: Commissioners and Mayor
File Type: Resolution Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
Introduced: 5/17/2021
Final Action Date: 5/27/2021
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
ALLOCATING FUNDING, ON A REIMBURSEMENT BASIS, IN AN ADDITIONAL
AMOUNT NOT TO EXCEED TWO MILLION FIVE HUNDRED THOUSAND DOLLARS
($2,500,000.00) FROM THE PROPOSED TRANCHE 2 MIAMI FOREVER
AFFORDABLE HOUSING LIMITED AD VALOREM BONDS TO BLOCK 55
RESIDENTIAL, LP, A FLORIDA LIMITED PARTNERSHIP ("DEVELOPER"), FOR THE
AFFORDABLE HOUSING COMPONENTS OF A 19-STORY, HIGH RISE MIXED USE
COMMERCIAL AND RESIDENTIAL COMPLEX PROJECT TO BE LOCATED AT 249
NORTHWEST 6TH STREET, TO BE KNOWN AS "SAWYER'S LANDING" OR "BLOCK
55" ("PROJECT"), BEING DEVELOPED BY THE DEVELOPER UPON FULFILLMENT
BY THE 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"; SUCH ALLOCATION TO BE IN COMPLIANCE WITH ALL
APPLICABLE FEDERAL, STATE OF FLORIDA ("STATE"), 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; FURTHER AUTHORIZING THE CITY MANAGER TO
NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, INCLUDING
AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN FORMS ACCEPTABLE
TO THE CITY ATTORNEY AND BOND COUNSEL, SUBJECT TO ALL FEDERAL,
STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS, IN
ORDER TO ALLOCATE THE CITY'S MIAMI FOREVER BOND FUNDING TO THE
PROJECT; PROVIDING FOR AN EFFECTIVE DATE.
Sponsor(s): Commissioner Jeffrey Watson
Notes:
Pursuant to the resolution, this item became effective immediately upon adoption by the
Commission.
Links:
Attachments: 9083 Exhibit A (PDF)
9083 Backup (PDF)
History of Legislative File:
Revision: Acting Body: Date:
Action: Result:
Legislative Division
Richard Appleton
5/18/2021
5/18/2021
Legislative Division Review Completed
ACA Review Completed
City of Miami Page 1 of 2 Printed on: 5/20/2025
A
A
A
A
A
Leon P Michel
Barnaby L. Min
Victoria Mendez
City Commission
City Commission
Legislative Division
Richard Appleton
Barnaby L. Min
Victoria Mendez
City Clerk's Office
City of Miami
Master Report
Enactment Number:
5/18/2021
5/18/2021
5/18/2021
5/27/2021
5/27/2021
5/28/2021
6/4/2021
6/6/2021
6/14/2021
6/14/2021
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
R-21-0209
Budget Review
Deputy City Attorney Review
Approved Form and
Correctness
Meeting
ADOPTED WITH
MODIFICATION(S)
Legislative Division Review
ACA Review
Deputy Attorney Review
Approved Form and
Correctness with Modification(s)
Rendered
Completed
Completed
Completed
Completed
Passed
Completed
Completed
Completed
Completed
Completed
City of Miami Page 2 of 2 Printed on: 5/20/2025