Loading...
HomeMy WebLinkAboutR-23-0071City of Miami Resolution R-23-0071 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 13419 Final Action Date: 2/9/2023 A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE REPLACEMENT OF THE PROPERTIES LOCATED AT 2293 SW 17 TERRACE (A) AND 2293 SW 17 TERRACE (B) ORIGINALLY SELECTED TO BE DEVELOPED AS AFFORDABLE SINGLE-FAMILY HOMES IN DISTRICT 4 WITH THE PROPERTIES LOCATED AT 700 SW 63 AVENUE AND 632 SW 63 AVENUE IS AUTHORIZED ("UPDATED PROJECT"); AUTHORIZING AND DIRECTING THE CITY MANAGER TO FUND, ON A REIMBURSEMENT BASIS, THREE HUNDRED EIGHTY-THREE THOUSAND, FIVE HUNDRED THIRTY-EIGHT AND 56/100 DOLLARS ($383,538.56) FROM THE DISTRICT 4 COMMISSIONER'S SHARE OF MIAMI FOREVER AFFORDABLE HOUSING LIMITED AD VALOREM BONDS ("MIAMI FOREVER AFFORDABLE HOUSING BONDS") TO DEVELOP THE PROPERTY LOCATED AT 632 SW 63 AVENUE AS AN AFFORDABLE SINGLE-FAMILY HOME, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS; AUTHORIZING THE CITY MANAGER TO RE -ALLOCATE AND APPROPRIATE THREE HUNDRED EIGHTY-THREE THOUSAND, FIVE HUNDRED THIRTY-EIGHT AND 56/100 DOLLARS ($383,538.56) IN PARK IMPACT FEES TO THE FAIRLAWN COMMUNITY PARK PROJECT, OFFICE OF CAPITAL IMPROVEMENTS ("OCI") PROJECT NO. 40-B233506; AUTHORIZING AND DIRECTING THE CITY MANAGER TO FUND, ON A REIMBURSEMENT BASIS, FOUR HUNDRED FIFTEEN THOUSAND, NINE HUNDRED TWENTY-SIX AND 50/100 DOLLARS ($415,926.50) FROM THE DISTRICT 4 COMMISSIONER'S SHARE OF MIAMI FOREVER AFFORDABLE HOUSING BONDS TO DEVELOP THE PROPERTY LOCATED AT 700 SW 63 AVENUE AS AN AFFORDABLE SINGLE-FAMILY HOME, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS; AUTHORIZING THE CITY MANAGER TO TRANSFER THREE HUNDRED NINETY-SIX THOUSAND, TWENTY AND 50/100 DOLLARS ($396,020.50) IN CDBG FUNDS TO THE DISTRICT 4 ACCOUNT TO BE ALLOCATED BY SEPARATE RESOLUTION TO ELIGIBLE CDBG PUBLIC WORKS ACTIVITIES; AUTHORIZING THE CITY MANAGER TO RE -ALLOCATE AND APPROPRIATE NINETEEN THOUSAND, NINE HUNDRED SIX AND 00/100 DOLLARS ($19,906.00) IN PARK IMPACT FEES TO THE FAIRLAWN COMMUNITY PARK PROJECT, OCI PROJECT NO. 40-6233506; AUTHORIZING THE DE -OBLIGATION OF HOMEOWNERSHIP INVESTMENT PARTNERSHIP PROGRAM ("HOME") FUNDS FROM THE UPDATED PROJECT AND FUNDING OF THE UPDATED PROJECT, ON A REIMBURSEMENT BASIS, WITH ONE MILLION, SEVEN HUNDRED SIXTEEN THOUSAND, THREE HUNDRED TWENTY-TWO AND 00/100 DOLLARS ($1,716,322.00) IN MIAMI FOREVER AFFORDABLE HOUSING BONDS FROM THE DISTRICT 4 COMMISSIONER'S SHARE, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS; THE DE -OBLIGATED HOME FUNDS WILL BE RE -ALLOCATED AND APPROPRIATED TO AN ELIGIBLE PROJECT(S) WITHIN THE CITY'S DISTRICT 4, BY SEPARATE CITY ACTION, SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS AND THE RECEIPT OF ALL NECESSARY APPROVALS INCLUDING, BUT NOT LIMITED TO, HCD AND HCLC APPROVALS; DECLARING City of Miami Page 1 of 5 File ID: 13419 (Revision:) Printed On: 6/26/2025 File ID: 13419 Enactment Number: R-23-0071 THE CITY'S OFFICIAL INTENT TO ISSUE TAXABLE MIAMI FOREVER AFFORDABLE HOUSING BONDS, IN ONE OR MORE SERIES, TO THE EXTENT PERMISSIBLE UNDER APPLICABLE LAWS, RULES, AND REGULATIONS REGARDING THE MIAMI FOREVER AFFORDABLE HOUSING BONDS, AND USE A PORTION OF THE MIAMI FOREVER AFFORDABLE HOUSING BONDS IN THE TOTAL AMOUNT OF TWO MILLION, FIVE HUNDRED FIFTEEN THOUSAND, SEVEN HUNDRED EIGHTY- SEVEN AND 06/100 DOLLARS ($2,515,787.06) TO REIMBURSE THE CITY FOR FUNDS ADVANCED BY IT FOR EXPENDITURES INCURRED AND TO BE INCURRED WITH RESPECT TO THE UPDATED PROJECT AND THE PURPOSES STATED HEREIN; THE USE, ALLOCATION, AND APPROPRIATION OF THE MIAMI FOREVER AFFORDABLE HOUSING BONDS ARE SUBJECT TO ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS AND THE RECEIPT OF ALL NECESSARY APPROVALS, INCLUDING, BUT NOT LIMITED TO THE CITY ATTORNEY AND BOND COUNSEL APPROVAL; AUTHORIZING THE CITY MANAGER TO MAKE ANY CHANGES TO ADJUST, AMEND, AND APPROPRIATE THE CITY'S OPERATING BUDGET, FIVE-YEAR FINANCIAL PLAN, STRATEGIC PLAN, AND MULTI -YEAR CAPITAL PLAN, AS NECESSARY AND APPLICABLE, PURSUANT TO THE PROVISIONS OF THIS RESOLUTION; AUTHORIZING, RATIFYING, APPROVING, AND CONFIRMING CERTAIN NECESSARY ACTIONS BY THE CITY MANAGER AND THE DESIGNATED CITY DEPARTMENTS TO UPDATE THE RELEVANT FINANCIAL CONTROLS, PROJECT CLOSE-OUTS, ACCOUNTING ENTRIES, AND COMPUTER SYSTEMS IN CONNECTION HEREWITH; AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE, ANY AND ALL DOCUMENTS, INCLUDING, BUT NOT LIMITED TO, AGREEMENTS, AMENDMENTS, MODIFICATIONS, AND MEMORANDUM OF UNDERSTANDING, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, NECESSARY FOR THE PURPOSES SATED HEREIN. SPONSOR(S): Commissioner Manolo Reyes WHEREAS, pursuant to Resolution No. R-21-0448 adopted on October 28, 2021, the City Commission accepted a proposal received July 12, 2021 pursuant to RFP No. HCD 2021- 04 from RF Construction Group, Inc., a Florida Profit Corporation ("Developer"), for the development of six affordable single-family homes located at 130 SW 51 st Place (A), 130 SW 51 st Place (B), 12 SW 47th Avenue, 2601 SW 13th Street, 2293 SW 17 Terrace (A), and 2293 SW 17 Terrace (B) ("Project"); and WHEREAS, Homeownership Investment Partnership Program ("HOME") funds in an amount not to exceed One Million, Seven Hundred Sixteen Thousand, Three Hundred Twenty - Two and 00/100 Dollars ($1,716,322.00) ("HOME Funds") were allocated and appropriated for the Project; and WHEREAS, on or about January 3, 2019, the City purchased the property located at 632 SW 63 Avenue for park land and demolished the structure(s) on the property with Park Impact Fees from Office of Capital Improvement ("OCI") Project No. 40-B50568 for a total cost of Three Hundred Eighty -Three Thousand, Five Hundred Thirty -Eight and 56/100 Dollars ($383,538.56) pursuant to Resolution No. R-18-0516, adopted on November 15, 2018; and WHEREAS, on or about August 5, 2019, the City purchased the property located at 700 SW 63 Avenue with Community Block Development Grant ("CDBG") funds for park land for a total cost of Three Hundred Ninety -Six Thousand, Twenty and 50/100 Dollars ($396,020.50) pursuant to Resolution No. R-19-0241, adopted on June 27, 2019; and City of Miami Page 2 of 5 File ID: 13419 (Revision:) Printed on: 6/26/2025 File ID: 13419 Enactment Number: R-23-0071 WHEREAS, the City demolished the structure(s) on the property located at 700 SW 63 Avenue with Park Impact Fees from OCI Project No. 40-B193521 for a total cost of Nineteen Thousand, Nine Hundred Six and 00/100 Dollars ($19,906.00); and WHEREAS, the District 4 Commissioner is requesting the properties located at 632 SW 63 Avenue and 700 SW 63 Avenue be utilized for affordable housing which is in the best interests of the City; and WHEREAS, it is in the best interest of the City to replace the properties located at 2293 SW 17 Terrace (A), and 2293 SW 17 Terrace (B) which were originally selected for the Project with the properties located at 632 SW 63 Avenue and 700 SW 63 Avenue ("Updated Project"); and WHEREAS, it is in the best interest of the City to provide authorization to fund, on a reimbursement basis, Three Hundred Eighty -Three Thousand, Five Hundred Thirty -Eight and 56/100 Dollars ($383,538.56) from the District 4 Commissioner's share of Miami Forever Affordable Housing Limited Ad Valorem Bonds ("Miami Forever Affordable Housing Bonds") to develop the property located at 632 SW 63 Avenue to an affordable single-family home; and WHEREAS, it is in the best interest of the City to provide authorization to fund, on a reimbursement basis, Four Hundred Fifteen Thousand, Nine Hundred Twenty -Six and 50/100 Dollars ($415,926.50) from the District 4 Commissioner's share of Miami Forever Affordable Housing Bonds to develop the property located at 700 SW 63 Avenue to an affordable single- family home; and WHEREAS, it is further in the best interest of the City to de -obligate the HOME Funds from the Updated Project and fund the Updated Project, on a reimbursement basis, with One Million, Seven Hundred Sixteen Thousand, Three Hundred Twenty -Two and 00/100 Dollars ($1,716,322.00) in Miami Forever Affordable Housing Bonds from the District 4 Commissioner's share; and WHEREAS, the de -obligated HOME Funds will be allocated and appropriated to the District 4 Homeownership Zone and, by separate City action, allocated to an eligible project(s) within the City's District 4, subject to all federal, State, and local laws that regulate the use of such funds and the receipt of all necessary approvals including, but not limited to, HCD and HCLC approvals; and WHEREAS, the City Commission expects to provide for the issuance by the City of its taxable and tax-exempt limited ad valorem bonds, in one or more series, payable from ad valorem taxes provided that the capital projects debt millage not exceed the rate of 0.5935 mills in accordance with the November 7, 2017 bond referendum approved by the voters, in order to, among other things, reimburse the City for funds advanced by the City for certain expenses incurred with respect to capital projects to be undertaken by the City to improve affordable housing and facilitate economic development within the City's limits; and WHEREAS, any actions authorized and undertaken pursuant to this Resolution shall be in compliance with all applicable Federal, State of Florida, local, and City laws, rules, regulations, and procedures, including, but not limited to, the Bonds Strategies, the Intent to Reimburse Resolution, and the Miami Forever Bond Validation Order, the Charter of the City of Miami, Florida, as amended ("City Charter"), and the Code of the City of Miami, Florida, as amended ("City Code") (collectively, "Laws"); and City of Miami Page 3 of 5 File ID: 13419 (Revision:) Printed on: 6/26/2025 File ID: 13419 Enactment Number: R-23-0071 WHEREAS, any actions authorized and undertaken pursuant to this Resolution shall receive and be subject to the receipt of any and all necessary approvals including, but not limited to, City Attorney, Bond Counsel, the City's Department of Housing and Community Development ("HCD"), the City's Housing and Commercial Loan Committee ("HCLC"), the City's Office of Management and Budget, and the City's Department of Finance approval; 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 replacement of the properties located at 2293 SW 17 Terrace (A), and 2293 SW 17 Terrace (B) which were originally selected for the Project with the properties located at 700 SW 63 Avenue and 632 SW 63 Avenue is authorized.1 Section 3. The City Manager is authorized1 and directed to fund, on a reimbursement basis, Three Hundred Eighty -Three Thousand, Five Hundred Thirty -Eight and 56/100 Dollars ($383,538.56) from the District 4 Commissioner's share of Miami Forever Affordable Housing Bonds to develop the property located at 632 SW 63 Avenue as an affordable single-family home, subject to all federal, State, and local laws that regulate the use of such funds. The City Manager is further authorized' to re -allocate and appropriate Three Hundred Eighty -Three Thousand, Five Hundred Thirty -Eight and 56/100 Dollars ($383,538.56) in park impact fees to the Fairlawn Community Park Project, OCI Project No. 40-6233506. Section 4. The City Manager is authorized1 and directed to fund, on a reimbursement basis, Four Hundred Fifteen Thousand, Nine Hundred Twenty -Six and 50/100 Dollars ($415,926.50) from the District 4 Commissioner's share of Miami Forever Affordable Housing Bonds to develop the property located at 700 SW 63 Avenue as an affordable single-family home, subject to all federal, State, and local laws that regulate the use of such funds. The City Manager is further authorized to transfer Three Hundred Ninety -Six Thousand, Twenty and 50/100 Dollars ($396,020.50) in CDBG funds to the District 4 account to be allocated by separate Resolution to eligible CDBG public works activities. The City Manager is further authorized1 to re -allocate and appropriate Nineteen Thousand, Nine Hundred Six and 00/100 Dollars ($19,906.00) in park impact fees to the Fairlawn Community Park Project, OCI Project No. 40-6233506. Section 5. The de -obligation of HOME Funds from the Updated Project and funding of the Updated Project, on a reimbursement basis, with One Million, Seven Hundred Sixteen Thousand, Three Hundred Twenty -Two and 00/100 Dollars ($1,716,322.00) in Miami Forever Affordable Housing Bonds from the District 4 Commissioner's share is authorized,' subject to all federal, State, and local laws that regulate the use of such funds. Section 6. The de -obligated HOME Funds will be allocated and appropriated to the District 4 Homeownership Zone and, by separate City action, allocated to an eligible project within the City's District 4, subject to all federal, State, and local laws that regulate the use of 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 4 of 5 File ID: 13419 (Revision:) Printed on: 6/26/2025 File ID: 13419 Enactment Number: R-23-0071 such funds and the receipt of all necessary approvals including, but not limited to, HCD and HCLC approvals. Section 7. The City Commission hereby declares the City's official intent to issue taxable Miami Forever Affordable Housing Bonds, in one or more series, to the extent permissible under applicable laws, rules, and regulations regarding the Miami Forever Affordable Housing Bonds, and use a portion of the Miami Forever Affordable Housing Bonds in the total amount of Two Million, Five Hundred Fifteen Thousand, Seven Hundred Eighty -Seven and 06/100 Dollars ($2,515,787.06) to reimburse the City for funds advanced by it for expenditures incurred and to be incurred with respect to the Updated Project and the purposes stated herein. Section 8. The use, allocation, and appropriation of the Miami Forever Affordable Housing Bonds are subject to all federal, State, and local laws that regulate the use of such funds and the receipt of all necessary approvals, including, but not limited to the City Attorney and Bond Counsel approval. Section 9. The City Manager is authorized to make any changes to adjust, amend, and appropriate the City's Operating Budget, Five -Year Financial Plan, Strategic Plan, and Multi - Year Capital Plan, as necessary and applicable, pursuant to the provisions of this Resolution. Section 10. Certain necessary actions by the City Manager and the designated City departments to update the relevant financial controls, project close-outs, accounting entries, and computer systems in connection herewith are hereby authorized', ratified, approved, and confirmed. Section 11. The City Manager is authorized1 to negotiate and execute any and all documents, including, but not limited to, agreements, amendments, modifications, and memorandum of understanding, all in forms acceptable to the City Attorney, necessary for the purposes sated herein. Section 12. The City Manager in consultation with the City Attorney, Bond Counsel, Disclosure Counsel, Financial Advisor, Chief Financial Officer, Finance Director, Budget Director, and such other appropriate officers, employees, and agents of the City as the City Manager deems necessary are hereby authorized' to take such actions as may be necessary to carry out the purposes of this Resolution. Section 13. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: ndez, ity Attor ey 1/31/2023 2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 5 of 5 File ID: 13419 (Revision:) Printed on: 6/26/2025