HomeMy WebLinkAboutR-23-0187City of Miami
Resolution R-23-0187
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 13422 Final Action Date: 4/27/2023
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED
PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE CITY
MANAGER'S FINDING, ATTACHED AND INCORPORATED AS EXHIBIT "B,"
THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE
NOT PRACTICABLE OR ADVANTAGEOUS FOR THE CITY OF MIAMI ("CITY")
PURSUANT TO SECTIONS 29-B(A) OF THE CHARTER OF THE CITY OF
MIAMI, FLORIDA, AS AMENDED, AND SECTION 18-182(C) OF THE CODE OF
THE CITY OF MIAMI, FLORIDA, AS AMENDED; WAIVING THE
REQUIREMENTS FOR SAID PROCEDURES; AUTHORIZING THE CITY
MANAGER TO TRANSFER THE CITY -OWNED PROPERTIES LOCATED AT
750 NORTHWEST 70 STREET AND 754 NORTHWEST 70 STREET, MIAMI,
FLORIDA, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT "A,"
ATTACHED AND INCORPORATED, TO MARTIN LUTHER KING ECONOMIC
DEVELOPMENT CORPORATION, A FLORIDA NOT FOR PROFIT
CORPORATION, TO BE USED AS AFFORDABLE RENTAL HOUSING BY
RESIDENTS EARNING AT OR BELOW EIGHTY PERCENT (80%) OF AREA
MEDIAN INCOME AS ESTABLISHED BY THE UNITED STATES
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ANNUALLY, FOR
THIRTY (30) YEARS FROM THE DATE OF THE TRANSFER; FURTHER
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY
AND ALL NECESSARY DOCUMENTS, IN A FORM 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 Northwest 70 Street and 754 Northwest 70 Street, Miami, Florida, as
more particularly described in Exhibit "A" (collectively, "Properties"), which were to be used to
implement affordable housing; and
WHEREAS, on August 10, 2012, the City's Housing Commercial Loan Committee
approved the change of ownership from LCCEDC to Liberty City 70th St LLC; and
WHEREAS, on October 7, 2021, the City took control of the Properties through a
Certificate of Sale awarded pursuant to a foreclosure action filed in the Eleventh Judicial Circuit
of Miami Dade County; and
WHEREAS, on January 18, 2023, Martin Luther King Economic Development
Corporation, a Florida not for profit corporation ("MLKEDC"), submitted a letter of interest for
ownership of the Properties so that MLKEDC could maintain the Properties as affordable
housing; and
City of Miami Page 1 of 2 File ID: 13422 (Revision:) Printed On: 6/30/2025
File ID: 13422 Enactment Number: R-23-0187
WHEREAS, MLKEDC is a non-profit organization in the community that can manage
and operate the Properties as an affordable housing development; and
WHEREAS, MLKEDC must maintain the Properties for use as rental housing to City
residents at or below eighty percent (80%) of area median income as stipulated by the United
States Department of Housing and Urban Development annually ("AMI"), for thirty (30) years
from the date of the transfer; and
WHEREAS, the City's Administration recommends the transfer of the City -owned
Properties to MLKEDC, for use as affordable rental housing for City residents whose income is
at or below eighty percent (80%) of AMI, for thirty (30) years from the date of the transfer;
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. By a four -fifths (4/5ths) affirmative vote, after an advertised public hearing,
pursuant to Sections 29-B(a) of the Charter of the City of Miami, Florida, as amended, and
Section 18-182(c) of the Code of the City of Miami, Florida, as amended, the City Manager is
authorized' to transfer the Properties to MLKEDC to be used as affordable rental housing by
residents earning at or below eighty percent (80%) of AMI for thirty (30) years commencing on
the date of said transfer.
Section 3. The City Manager is further authorized' to negotiate and execute any and all
necessary documents, in a form 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 Attor
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 Code provisions.
City of Miami Page 2 of 2 File ID: 13422 (Revision:) Printed on: 6/30/2025