HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-22-0420
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 12775
Revision:
File Type: Resolution
Status: ADOPTED
Controlling Body: City Commission
File Name: ARPA Allocation - Centennial Management - Introduced: 10/14/2022
Stadium Towers
Requesting Dept: Commissioners and Mayor Final Action Date: 10/27/2022
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING A LOAN IN AN AMOUNT NOT TO EXCEED ONE MILLION EIGHT
HUNDRED THOUSAND DOLLARS ($1,800,000.00) IN AMERICAN RESCUE PLAN
ACT OF 2021 ("ARPA") FUNDS ("ARPA FUNDS") TO STADIUM TOWER
APARTMENTS LLC, A FLORIDA LIMITED LIABILITY COMPANY ("DEVELOPER"), TO
CONSTRUCT A NEW AFFORDABLE HOUSING DEVELOPMENT THAT WILL
CONTAIN NO LESS THAN ONE HUNDRED FORTY NINE (149) CITY OF MIAMI-
ASSISTED RESIDENTIAL RENTAL UNITS FOR ELIGIBLE RESIDENTS WHOSE
ANNUAL INCOME IS EQUAL TO OR LESS THAN SEVENTY PERCENT (70%) OF
AREA MEDIAN INCOME, AS PUBLISHED ANNUALLY BY THE UNITED STATES
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, TO BE KNOWN AS
STADIUM TOWER APARTMENTS LOCATED AT APPROXIMATELY THE
NORTHWEST CORNER OF NORTHWEST 23 STREET AND NORTHWEST 8 AVENUE
IN MIAMI, FLORIDA, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT "A",
ATTACHED AND INCORPORATED ("PROJECT"), WHERE DISBURSEMENT OF THE
ARPA FUNDS IS SUBJECT TO THE RECEIPT BY THE CITY MANAGER OF THE
WRITTEN APPROVAL OF THE LOAN BY THE CITY'S HOUSING AND COMMERCIAL
LOAN COMMITTEE ("HCLC APPROVAL"), AND SUBJECT TO THE RECEIPT BY THE
CITY MANAGER OF THE WRITTEN APPROVAL OF THE LOAN BY THE CITY'S ARPA
CONSULTANT, OR ITS SUCCESSOR ("CONSULTANT APPROVAL"), AND SUBJECT
TO THE TERMS, CONDITIONS, AND RESTRICTIONS CONTAINED HEREIN, IN THE
HCLC APPROVAL, AND IN THE CONSULTANT APPROVAL; 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, FOR
SAID PURPOSE; PROVIDING FOR AN EFFECTIVE DATE.
Sponsor(s): Commissioner Alex Diaz de la Portilla
Notes:
NOTE #1: Pursuant to the resolution, this item became effective immediately upon adoption
by the Commission. NOTE #2: Rescinded by R-22-0456.
Links:
Attachments: 12775 Exhibit A (PDF)
History of Legislative File:
Revision: Acting Body: Date:
Action: Result:
Legislative Division
Richard Appleton
Marie Gouin
10/18/2022
10/18/2022
10/18/2022
Legislative Division Review
ACA Review
Budget Review
Completed
Completed
Completed
City of Miami
Rescinded by R-22-0420
Page 1 of 2 Printed on: 6/23/2025
Victoria Mendez
City Commission
City Commission
City Clerk's Office
City of Miami
Master Report
Enactment Number: R-22-0420
10/18/2022 Approved Form and
Correctness
10/27/2022
10/27/2022
10/31/2022
Meeting
ADOPTED
Rendered
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Completed
Completed
Passed
Completed
City of Miami
Rescinded by R-22-0420
Page 2 of 2
Printed on: 6/23/2025