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Master Report
Enactment Number: R-21-0222
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 9092
Revision: A
File Type: Resolution Status: ADOPTED WITH
MODIFICATION(S)
Controlling Body: City Commission
File Name: Allocate Funds - Affordable Housing from Tranche 2 Introduced: 5/18/2021
- Miami Forever Bond
Requesting Dept: Commissioners and Mayor Final Action Date: 6/10/2021
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), BY A
FOUR -FIFTHS (4/STHS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC
HEARING, RATIFYING, APPROVING, AND CONFIRMING THE CITY MANAGER'S
FINDING, ATTACHED AND INCORPORATED AS EXHIBIT "A," THAT COMPETITIVE
NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR
ADVANTAGEOUS FOR THE CITY OF MIAMI ("CITY") PURSUANT TO SECTION 18-86
OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED; WAIVING THE
REQUIREMENTS FOR SAID PROCEDURES; SUBJECT TO THE RECEIPT BY THE
CITY MANAGER OF THE APPROVAL OF THE PROJECT BY THE DEPARTMENT OF
HOUSING AND COMMUNITY DEVELOPMENT AND THE CITY'S HOUSING AND
COMMERCIAL LOAN COMMITTEE (COLLECTIVELY, "HCD/HCLC APPROVALS"),
PROVIDED THAT SUCH APPROVALS ARE CONSISTENT WITH THE CITY
COMMISSION APPROVAL; ALLOCATING 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 TO 8TH STREET PROPERTIES, LLC, A FLORIDA LIMITED
LIABILITY COMPANY ("DEVELOPER"), FOR THE AFFORDABLE HOUSING
COMPONENTS OF AN 8-STORY, HIGH RISE MIXED USE COMMERCIAL AND
RESIDENTIAL COMPLEX PROJECT TO BE LOCATED AT 829 SOUTHWEST 8TH
STREET, 845 SOUTHWEST 8TH STREET, AND 847 SOUTHWEST 8TH STREET TO
BE KNOWN AS "ESSENCE MIAMI" ("PROJECT"), PROVIDED THAT THE DEVELOPER
FULFILLS ALL OF THE TERMS AND CONDITIONS TO BE SET FORTH IN THE
HCD/HCLC APPROVALS, WHICH SHALL BE CONSISTENT WITH THE CITY
COMMISSION APPROVAL; 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 SEVEN (7) 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 (COLLECTIVELY, "LAWS"); SUBJECT TO
THE RECEIPT BY THE CITY MANAGER OF THE HCD/HCLC APPROVALS; 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 COMPLIANCE WITH ALL LAWS AND SUBJECT TO
THE DEVELOPER FULFILLING ALL OF THE TERMS AND CONDITIONS TO BE SET
FORTH IN THE HCD/HCLC APPROVALS, IN ORDER TO ALLOCATE THE CITY'S
MIAMI FOREVER BOND FUNDING TO THE PROJECT; PROVIDING FOR AN
EFFECTIVE DATE.
Sponsor(s): Mayor Francis X. Suarez
City of Miami Page 1 of 2 Printed on: 5/27/2025
Notes:
City of Miami
Master Report
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Enactment Number: R-21-0222
Pursuant to the resolution, this item became effective immediately upon adoption by the
Commission.
Links:
Attachments: 9092 Exhibit A (PDF)
9092 Notice to the Public (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Legislative Division 5/27/2021 Legislative Division Review Completed
Leon P Michel 5/27/2021 Budget Review Completed
Richard Appleton 6/1/2021 ACA Review Completed
Barnaby L. Min 6/1/2021 Deputy City Attorney Review Completed
Victoria Mendez 6/1/2021 Approved Form and Completed
Correctness
City Commission 6/10/2021 Meeting Completed
City Commission 6/10/2021 ADOPTED WITH Passed
MODIFICATION(S)
A Legislative Division 6/11/2021 Legislative Division Review Completed
A Richard Appleton 6/18/2021 ACA Review Completed
A Barnaby L. Min 6/18/2021 Deputy Attorney Review Completed
A Victoria Mendez 6/18/2021 Approved Form and Completed
Correctness with Modification(s)
A City Clerk's Office 6/18/2021 Rendered Completed
City of Miami Page 2 of 2 Printed on: 5/27/2025