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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-23-0430 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 14653 Revision: A File Type: Resolution Status: ADOPTED WITH MODIFICATION(S) Controlling Body: City Commission File Name: Allocate Funds - MFE Program - Liberty Introduced: 9/15/2023 Renaissance Apartments, LLC Requesting Dept: Commissioners and Mayor Final Action Date: 9/28/2023 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), PURSUANT TO SECTION 18-85(A) OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED, BY A FOUR FIFTHS (4/STHS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE CITY MANAGER'S FINDINGS, ATTACHED AND INCORPORATED AS EXHIBIT "B," THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS FOR THE CITY OF MIAMI ("CITY") AND WAIVING THE REQUIREMENTS FOR SAID PROCEDURES; AUTHORIZING THE ALLOCATION AND APPROPRIATION OF MIAMI FOR EVERYONE ("MFE") PROGRAM FUNDS IN AN AMOUNT NOT TO EXCEED THREE MILLION AND 00/100 DOLLARS ($3,000,000.00) FROM THE DISTRICT 5 COMMISSIONER'S SHARE OF MFE PROGRAMS ("FUNDS") TO LIBERTY RENAISSANCE APARTMENTS, LLC, A FLORIDA LIMITED LIABILITY COMPANY ("DEVELOPER"), TO CONSTRUCT A NEW AFFORDABLE HOUSING DEVELOPMENT THAT WILL CONTAIN NO LESS THAN NINETY-EIGHT (98) AFFORDABLE HOUSING RENTAL UNITS FOR ELIGIBLE RESIDENTS WHOSE AVERAGE ANNUAL INCOME IS BETWEEN THIRTY PERCENT (30%) AND SEVENTY PERCENT (70%) OF AREA MEDIAN INCOME, AS PUBLISHED ANNUALLY BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, TO BE KNOWN AS "LIBERTY RENAISSANCE", LOCATED AT 1305, 1321, 1331, 1341 AND 1361 NORTHWEST 61 STREET AND 1320 AND 1370 NORTHWEST 61 STREET, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT "A", ATTACHED AND INCORPORATED ("PROJECT"), SUBJECT TO COMPLIANCE WITH THE CITY'S DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT GUIDELINES, THE RECEIPT BY THE CITY MANAGER OF THE WRITTEN APPROVAL OF THE PROJECT BY THE CITY'S HOUSING AND COMMERCIAL LOAN COMMITTEE AND SUBJECT TO THE TERMS, CONDITIONS, AND RESTRICTIONS CONTAINED IN THE HCLC APPROVAL (COLLECTIVELY, "HCLC APPROVAL"), AND ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS FOR SAID PURPOSE; DEALLOCATING FUNDS IN AN AMOUNT NOT TO EXCEED THREE MILLION, SIXTY-FOUR THOUSAND, SEVENTY AND 00/100 DOLLARS ($3,064,070.00) IN MIAMI FOREVER LIMITED AD VALOREM BOND FUNDING PREVIOUSLY AWARDED TO THE DEVELOPER FOR THE PROJECT; 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, SUBJECT TO THE RECEIPT BY THE CITY MANAGER OF THE HCLC APPROVAL. Sponsor(s): Commissioner Christine King Notes: City of Miami Page 1 of 2 Printed on: 7/14/2025 City of Miami Master Report Enactment Number: R-23-0430 Links: Attachments: 14653 Exhibit A (PDF) 14653 Exhibit B SUB (PDF) 14653 Exhibit C SUB (PDF) 14653 Notice to the Public (PDF) History of Legislative File: City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Revision: Acting Body: Date: Action: Result: Legislative Division 9/19/2023 Legislative Division Review Completed Xavier Alban 9/19/2023 ACA Review Completed Marie Gouin 9/19/2023 Budget Review Completed City Commission 9/28/2023 Meeting Completed City Commission 9/28/2023 ADOPTED Passed City Commission 9/28/2023 RECONSIDERED Passed City Commission 9/28/2023 ADOPTED WITH Passed MODIFICATION(S) A Mayor's Office 10/6/2023 Unsigned by the Mayor Completed A City Clerk's Office 10/6/2023 Signed and Attested by the City Completed Clerk A Legislative Division 10/16/2023 Legislative Division Review Completed A Xavier Alban 11/28/2023 ACA Review Completed A Victoria Mendez 11/29/2023 Approved Form and Completed Correctness with Modification(s) A City Clerk's Office 11/29/2023 Rendered Completed City of Miami Page 2 of 2 Printed on: 7/14/2025