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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-22-0456 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 12936 File Type: Resolution Status: ADOPTED Revision: Controlling Body: City Commission File Name: Rescind Resolution - R-22-0420 - Stadium Towers Introduced: 11/7/2022 Requesting Dept: Commissioners and Mayor Final Action Date: 11/17/2022 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), RESCINDING RESOLUTION NO. R-22-0420 ADOPTED BY THE MIAMI CITY COMMISSION ON OCTOBER 27, 2022 AND REPLACING IN LIEU THEREOF WITH 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 FEWER THAN SIXTY (60) 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: Pursuant to the resolution, this item became effective immediately upon adoption by the Commission. Links: Attachments: 12936 Exhibit A (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: Legislative Division 11/7/2022 Legislative Division Review Completed City of Miami Page 1 of 2 Printed on: 6/24/2025 Richard Appleton Marie Gouin Victoria Mendez City Commission City Commission City Clerk's Office City of Miami Master Report Enactment Number: R-22-0456 11/7/2022 ACA Review 11/7/2022 Budget Review 11/7/2022 Approved Form and Correctness 11/17/2022 Meeting 11/17/2022 ADOPTED 11/18/2022 Rendered City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Completed Completed Completed Completed Passed Completed City of Miami Page 2 of 2 Printed on: 6/24/2025