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HomeMy WebLinkAboutExhibit ACITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM TO: Arthur Noriega V. City Manager FROM: George Mers'a Director Date: September 15TH, 2021 SUBJECT: Allocation of $2,000,000 in ARPA of 2021 to Casa Valentina, Inc BACKGROUND Due to the continuous decrease of available affordable housing in the City of Miami in the last few years, the City is looking to allocate an amount of Two Million Dollars ($2,000,000.00) in American Rescue Plan Act of 2021 ("ARPA") funds to Casa Valentina, Inc., a Florida not for profit Corporation ("Developer"), for the acquisition of one or more parcels, on which the Developer will construct a new affordable housing development that will contain no less than fifty (50) City - assisted residential rental units in District 2, for eligible residents whose annual income is equal to or less than eighty percent (80%) of area median income ("AMI"), as published annually by the United States Department of Housing and Urban Development ("HUD"). Casa Valentina Inc, a Florida not for profit company ("Developer"), is currently in negotiations to purchase (collectively, "Property"), and it will provide no fewer than fifty (50) affordable rental units ("City -Assisted Units") in District 2 ("Project"). The proposed residential development known as Casa Valentina will be located at approximately 3129 Mundy Street, 3133 Mundy Street,3135 Mundy Street, 3145 Mundy Street, 3147 Mundy Street, and 3153 Mundy Street in Miami, Florida. As this developer is familiar with the needs of the community, it is in the best interest of the City to waive competitive bidding to allocate an amount not to exceed Two Million Dollars ($2,000,000.00) in ARPA funds for the affordable housing components of the Project. Providing these funds to this developer will allow the City to accelerate the process in a timely manner which cannot happen with procurement process, which could take over 30-40 days. RECOMMENDATION In light of the above stated, we request the approval of a waiver of the formal requirements of competitive sealed bidding methods as not being practicable or advantageous to the City as set forth in the City Code of Ordinance, as amended, specifically Section 18-85 (A), and the affirmation of these written findings and the forwarding of the same to the City Commission for ratification by a four -fifths vote is respectfully requested. 1APP V R� ■ DISAPPROVAL: Arthur NorieV., City Manager