HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #12052
Date: 05/31/2022
Commission Meeting Date: 09/13/2022
Requesting Department: Department of
Housing and Community Development
Sponsored By: Christine King
District Impacted: All
Type: Resolution
Subject: Auth. City Manager - PMS Agreement with MLKEDC
Purpose of Item:
AUTHORIZING THE EXECUTION OF A PROFESSIONAL MANAGEMENT SERVICES
AGREEMENT WITH MARTIN LUTHER KING ECONOMIC DEVELOPMENT
CORPORATION ("MLKEDC") FOR THE CITY OF MIAMI OWNED PROPERTIES,
LOCATED AT 750 AND 754 NW 70 STREET, MIAMI, FLORIDA, 33150; FURTHER
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL
NECESSARY DOCUMENTS, ALL IN FORMS ACCEPTABLE TO THE CITY
ATTORNEY, FOR SAID PURPOSE.
Background of Item:
On December 2011, Liberty City Community Economic Development Corporation
("LCCEDC") executed a loan with the City of Miami ("City") for the acquisition of the
properties located at 750-754 NW 70 Street, Miami, Florida, consisting of two-story
building for the implementation of affordable housing for low-income persons.
On August 10, 2012, the City of Miami Housing Commercial Loan Committee ("HCLC")
approved the change of ownership from LCCEDC to Liberty City 70th Street LLC.
On October 26, 2020, the City of Miami filed a complaint at the Circuit Court of the 11th
Judicial Circuit in and For Miami -Dade, Florida to foreclose on its mortgage due to non-
compliance with the terms of the loan documents executed between the City and Liberty
70th Street LLC.
On October 7, 2021 the City took control of the property through a Certificate of Sale
awarded pursuant to the foreclosure action filed at the Circuit Court of the Eleventh
Judicial Circuit In and Miami -Dade County, Florida.
The City reached out to non-profit housing organizations in the Liberty City community
to provide property management services for the property.
On April 28, 2022, MLKEDC submitted a Letter of Interest to management the
properties.
MLKEDC is a non-profit organization in the community that is capable of managing and
operating the properties as affordable housing development.
The City's Administration recommends the execution of a professional management
services agreement with Martin Luther King Economic Development Corporation
(MLKEDC") for the City of Miami owned properties located at 750 and 754 NW 70
Street, Miami, Florida, exclusively for affordable housing for low-income persons.
Budget Impact Analysis
Item is NOT funded by Bonds
Item is NOT Related to Revenue
Item is an Expenditure
Total Fiscal Impact:
N/A
Department of Community and Economic Development
Review Completed
Office of Management and Budget
Office of Management and Budget
City Manager's Office
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
City Commission
City Commission
Reviewed B
05/31/2022 4:31 PM
Luis Hernandez -Torres
Marie Gouin
Carolina Aguila
Arthur Noriega V
Valentin J Alvarez
Richard Appleton
Victoria Mendez
Nicole Ewan
Nicole Ewan
Nicole Ewan
George Mensah Department Head
Budget Analyst Review
Budget Review
Assistant City Manager Review
City Manager Review
Legislative Division Review
ACA Review
Approved Form and Correctness
Meeting
Meeting
Meeting
Completed 06/10/2022 11:36 AM
Completed 06/14/2022 9:43 AM
Skipped 06/16/2022 8:06 AM
Completed 06/16/2022 2:37 PM
Completed 06/17/2022 8:04 AM
Completed 07/14/2022 3:03 PM
Completed 07/19/2022 8:08 PM
Completed 07/28/2022 9:00 AM
Completed 09/08/2022 9:00 AM
Completed 09/13/2022 9:00 AM
City of Miami
Legislation
Resolution
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 12052 Final Action Date:9/13/2022
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE NEGOTIATION AND EXECUTION OF A PROFESSIONAL
MANAGEMENT SERVICES AGREEMENT WITH MARTIN LUTHER KING ECONOMIC
DEVELOPMENT CORPORATION, A FLORIDA NOT FOR PROFIT CORPORATION
("MLKEDC"), FOR THE CITY OF MIAMI-OWNED PROPERTIES LOCATED AT 750
AND 754 NORTHWEST 70 STREET, MIAMI, FLORIDA, 33150, AS MORE
PARTICULARLY DESCRIBED IN EXHIBIT "A," ATTACHED AND INCORPORATED;
FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE
ANY AND ALL NECESSARY DOCUMENTS, ALL IN FORMS ACCEPTABLE TO THE
CITY ATTORNEY, FOR SAID PURPOSE.
WHEREAS, in December 2011, Liberty City Community Economic Development
Corporation ("LCCEDC") received a loan from the City of Miami ("City") for the acquisition of the
properties located at 750-754 Northwest 70 Street, Miami, Florida, as more particularly
described in Exhibit "A," attached and incorporated (collectively, "Property"), for the
implementation of affordable housing for low-income persons; and
WHEREAS, on August 10, 2012, the City's Housing and Commercial Loan Committee
approved a change of the Property's ownership from LCCEDC to Liberty City 70th St LLC ("70th
Street"); and
WHEREAS, on October 26, 2020, the City filed a complaint in the circuit court of the
Eleventh Judicial Circuit of Florida ("Circuit Court") to foreclose on its mortgage due to 70th
Street's non-compliance with the terms of the loan documents executed between the City and
70th Street; and
WHEREAS, on October 7, 2021, the City took control of the Property through a
Certificate of Sale awarded pursuant to the foreclosure action filed in Circuit Court; and
WHEREAS, on April 28, 2022, Martin Luther King Economic Development Corporation,
a Florida not for profit corporation ("MLKEDC"), submitted a letter of interest to the City to
manage the Property; and
WHEREAS, MLKEDC is capable of managing and operating the Property as an
affordable housing development; and
WHEREAS, this resolution is not intended to and does not exceed the procurement
limitations set forth in Section 18-88(d) of the Code of the City of Miami, Florida, as amended,
and in the event said limitations are anticipated to be exceeded, this item shall return to City
Commission for further consideration; and
WHEREAS, the City's Administration recommends the execution of a professional
management services agreement with MLKEDC for the Properties to be operated exclusively as
affordable housing for low-income persons;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The City Manager is authorized' to negotiate and execute a professional
management service agreement with MLKEDC for the City -owned Property to be operated
exclusively as affordable housing for low-income persons.
Section 3. The City Manager is further authorized' to negotiate and execute any and all
necessary documents, including amendments, extensions, and modifications, all in forms
acceptable to the City Attorney, for said purpose.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
ndez, City Attor
ey
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited to those prescribed by applicable City Charter and City Code
provisions.