HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-24-0346
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16518
Revision:
File Name: MFE Allocation — DFI Mundy, LLC
Requesting Dept: Commissioners and Mayor
File Type: Resolution
Status: ADOPTED
Controlling Body: City Commission
Introduced: 8/12/2024
Final Action Date: 9/12/2024
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 FINDING(S), 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; ALLOCATING FUNDING
IN FORM OF A FORGIVABLE LOAN IN AN AMOUNT NOT TO EXCEED FOUR
HUNDRED FIFTY THOUSAND DOLLARS ($450,000.00) FROM THE DISTRICT 2
SHARE OF THE CITY OF MIAMI' S MIAMI FOR EVERYONE ( "MFE" ) PROGRAM,
TO DFI MUNDY, LLC, A FLORIDA LIMITED LIABILITY COMPANY ( "DEVELOPER" ),
TO DEVELOP TWO, FOURPLEXES ON THE PARCELS DESCRIBED IN EXHIBIT
"C," ATTACHED AND INCORPORATED, ON WHICH THE DEVELOPER WILL
CAUSE TO BE CONSTRUCTED A NEW AFFORDABLE HOUSING DEVELOPMENT
TO BE KNOWN AS "DFI MUNDY AFFORDABLE HOUSING" ( "PROJECT" ) THAT
WILL CONTAIN NO FEWER THAN EIGHT (8) CITY -ASSISTED RESIDENTIAL RENTAL
UNITS FOR ELIGIBLE RESIDENTS WITH ANNUAL INCOME EQUAL TO OR LESS
THAN EIGHTY PERCENT (80%) OF AREA MEDIAN INCOME ( "AMI" ) AS
PUBLISHED ANNUALLY BY THE UNITED STATES DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT, AS FURTHER DESCRIBED IN EXHIBIT "D," ATTACHED
AND INCORPORATED, SUBJECT TO THE RECEIPT BY THE CITY MANAGER OF
THE APPROVAL OF THE PROJECT BY THE CITY' S HOUSING AND COMMERCIAL
LOAN COMMITTEE ( "HCLC APPROVAL" ) AND SUBJECT TO THE TERMS,
CONDITIONS, AND RESTRICTIONS CONTAINED HEREIN AND IN THE HCLC
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, SUBJECT TO COMPLIANCE WITH ALL APPLICABLE FEDERAL, STATE
OF FLORIDA, LOCAL, AND CITY LAWS, RULES, AND REGULATIONS FOR
AFFORDABLE HOUSING PROJECTS AND MFE PROGRAM FUNDS AND SUBJECT
TO THE DEVELOPER FULFILLING ALL OF THE TERMS AND CONDITIONS SET
FORTH IN THE HCLC APPROVAL, IN ORDER TO ALLOCATE THE CITY' S MFE
FUNDING TO THE PROJECT IN THE FORM OF A FORGIVABLE LOAN; PROVIDING
FOR AN EFFECTIVE DATE.
Sponsor(s): Commissioner Damian Pardo
Notes:
Links:
Attachments: 16518 Exhibit A (PDF)
City of Miami Page 1 of 2 Printed on: 8/5/2025
City of Miami
Master Report
Enactment Number: R-24-0346
16518 Exhibit B (PDF)
16518 Exhibit C (PDF)
16518 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 8/28/2024 Legislative Division Review Completed
Xavier Alban 9/3/2024 ACA Review Completed
Donovan Dawson 9/3/2024 Budget Analyst Review Completed
Marie Gouin 9/3/2024 Budget Review Completed
George K. Wysong III 9/3/2024 Approved Form and Completed
Correctness
City Commission 9/12/2024 Meeting Completed
City Commission 9/12/2024 ADOPTED Passed
Mayor's Office 9/20/2024 Signed by the Mayor Completed
City Clerk's Office 9/20/2024 Signed and Attested by the City Completed
Clerk
City Clerk's Office 9/20/2024 Rendered Completed
City of Miami Page 2 of 2 Printed on: 8/5/2025