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Resolution
Legislation
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.
SPONSOR(S): Commissioner Christine King
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
City of Miami Page 1 of 2 File ID: 12052 (Revision:) Printed On: 6/17/2025
File ID: 12052 Enactment Number:
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, ity ttor ey � 7/19/2022
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.
City of Miami Page 2 of 2 File ID: 12052 (Revision:) Printed on: 6/17/2025