HomeMy WebLinkAboutExhibit ECity of Miami
Resolution R-24-0346
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 16518 Final Action Date: 9/12/2024
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
WHEREAS, on April 13, 2023, pursuant to Resolution No. R-23-0178, the City of Miami
("City") created the Miami For Everyone ("MFE") Program to assist communities facing the long-
term complications resulting from declared emergencies and to address the specific needs of
the most vulnerable residents and businesses, through a strategy of focusing the provision of
City of Miami Page 1 of 4 File ID: 16518 (Revision:) Printed On: 11/12/2024
File ID: 16518 Enactment Number: R-24-0346
support towards priority areas of need that will further stabilize economic conditions within City
Districts; and
WHEREAS, on September 23, 2021, pursuant to Resolution No. R-21-0387, the City of
Miami ("City") Commission approved an allocation of Four Hundred Forty Thousand, Eight
Hundred Forty Six and 00/100 Dollars ($440,846.00) in the form of a forgivable loan in
Community Development Block Grant ("CDBG") funds to Casa Valentina, Inc., a Florida Not For
Profit Corporation ("Casa Valentina") in order to purchase land located at 3121 Mundy Street
and 3173 Mundy Street and other parcels (collectively, "Parcels") to develop no fewer than fifty
(50) City -Assisted Units to be occupied by eligible residents whose annual income is 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 ("HUD") ("Eligible Residents") for
a period of no fewer than thirty (30) years ("Initial Project"); and
WHEREAS, on October 14, 2021, pursuant to Resolution No. R-21-0427, the City of
Miami ("City") Commission approved an allocation of Two Million Dollars ($2,000,000.00) in the
form of a forgivable loan in American Rescue Plan Act of 2021 ("ARPA") funds to Casa
Valentina in order to complete the purchase of the Parcels and to develop and construct the
City -Assisted Units to be occupied by eligible residents; and
WHEREAS, in early March 2023, Casa Valentina notified the City that the Initial Project
contemplated under the ARPA was not possible due to zoning restrictions; and
WHEREAS, in September 2023, Casa Valentina notified the City that it will no longer be
able to complete the Initial Project; and
WHEREAS, Dragonfly Real Estate Investment ("Dragonfly"), a for -profit organization,
formed in 2014, currently has over four hundred (400) affordable housing units in various stages
of development; and
WHEREAS, Dragonfly submitted a grant application, attached and incorporated as
Exhibit "A", to the City for MFE Program funds in order to supplement the assumption of the
ARPA loan, and to further develop, and take over the stalled Initial Project and re -develop it as a
new project, consisting of two fourplexes on the Parcels ("Updated Project"), as further
described in Exhibit "C," attached and incorporated; and
WHEREAS, Dragonfly Real Estate Investment created DFI Mundy, LLC., a Florida
Limited Liability Company ("Developer"), for the sole purpose of assuming the original ARPA
and CDBG loans from Casa Valentina and serving as the borrowing vehicle to accept any
potential MFE Program funds; and
WHEREAS, upon completion of the Updated Project, the development will house a
minimum of eight (8) households whose income is equal to or less than eighty percent (80%) of
area median income, as published annually by the United States Department of Housing and
Urban Development ("AMI"); and
WHEREAS, on September 26, 2024, a proposed Resolution shall request authorization
for Developer to assume the ARPA Loan, in order to complete the Updated Project; and
WHEREAS, the City's Housing and Commercial Loan Committee ("HCLC") has not yet
reviewed a completed proposal for the Updated Project in order for the Updated Project to
receive a forgivable loan of MFE Program Funds and, therefore, any City Commission approval
City of Miami Page 2 of 4 File ID: 16518 (Revision:) Printed on: 11/12/2024
File ID: 16518 Enactment Number: R-24-0346
is subject to the approval of the Project by HCLC ("HCLC Approval") and the Developer fulfilling,
in a timely manner, any and all terms, requirements, and conditions set forth in the HCLC
Approval; and
WHEREAS, the City's District 2 Commissioner ("Commissioner") wishes to provide grant
funds from the Commissioner's share of the City's MFE Program funds in an amount not to
exceed Four Hundred Fifty Thousand and 00/100 Dollars ($450,000.00) ("Funds") for the
Project; and
WHEREAS, pursuant to Section 18-85(a) of the Code of the City of Miami, Florida, as
amended ("City Code"), the City Manager has made a written finding, attached and incorporated
as Exhibit "B," that competitive negotiation methods and procedures are not practicable or
advantageous for the City's provision of the Funds for the Updated Project; and
WHEREAS, the City Manager is requesting authority from the City Commission to
negotiate and execute any and all documents necessary, all in forms acceptable to the City
Attorney, for the allocation of the Funds for the Updated Project;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble of this Resolution are
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. Pursuant to Section 18-85(a) of the City Code, by a four -fifths (4/5ths)
affirmative vote, after an advertised public hearing, the City Manager's written finding, attached
and incorporated as Exhibit "B", that competitive negotiation methods and procedures are not
practicable or advantageous for the City's provision of the Funds for the Updated Project and
waiving the requirements for said procedures, are hereby ratified, approved, and confirmed.
Section 3. The City Manager is authorizedi to allocate the Funds from the
Commissioner's share of the City's MFE Program funds for the Updated Project, subject to the
receipt by the City Manager of the HCLC Approval.
Section 4. The City Manager is further authorized' to negotiate and execute any and all
documents necessary, modifications, and amendments, all in forms acceptable to the City
Attorney, for said purpose, subject to the receipt by the City Manager of the HCLC Approval.
Section 5. Subject to the receipt by the City Manager of the HCLC Approval and the
requirements contained herein, the City Commission hereby authorizes' and directs the City
Manager to allocate funding in the form of a forgivable loan in an amount not to exceed Four
Hundred Fifty Thousand and 00/100 Dollars ($450,000.00) in MFE funds for the Updated
Project being developed by Developer, provided that Developer fulfills any and all terms and
conditions set forth in the HCLC Approval and subject to compliance with all applicable laws.
Section 6. Subject to the receipt by the City Manager of the HCLC Approval, the City
Manager is authorized' to negotiate and execute any and all necessary documents, including
amendments, extensions, and modifications, all in forms acceptable to the City Attorney, subject
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 3 of 4 File ID: 16518 (Revision:) Printed on: 11/12/2024
File ID: 16518 Enactment Number: R-24-0346
to compliance with all applicable laws and subject to the Developer fulfilling all of the terms and
conditions of the HCLC Approval, in the form of a forgivable loan to the Developer.
Section 7. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy j ng III, C y ttor -y 9/3/2024
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 4 of 4 File ID: 16518 (Revision:) Printed on: 11/12/2024
City of Miami
Miami For Everyone
Program Guidelines
Background:
On April 13th 2023, the Miami City Commission approved Resolution No. R-23-0178 establishing the
Miami For Everyone ("MFE") program. The following Miami For Everyone guidelines were adopted in
said Resolution R-23-0178, to ensure the accountability and utilization of the program funds meets the
intent of the MFE Program. Funding for the MFE Program will be allocated by the City Commission.
Purpose:
The purpose of the Miami For Everyone program is to assist communities facing the long-term
complications resulting from declared emergencies and to address the specific needs of the most
vulnerable residents and businesses, through a strategy of focusing the provision of support towards
priority areas of need that will further stabilize economic conditions within City District(s). The City of
Miami created the Miami For Everyone program to address the needs of the most vulnerable residents
who continue to experience hardships due to a declared emergency (pandemic, natural disaster, etc.).
Miami For Everyone focuses on projects and programs providing services directly benefitting City of
Miami residents in the following priority areas:
• Affordable Housing'
• Educational Programs for children, youth and adults
• Elderly meals, direct financial assistance, transportation, recreational and health/wellness related
activities
• Direct financial assistance, food assistance (gift card programs, voucher programs)
• At -risk youth or youth summer job programs
• Transportation services and programs
• Job development, retention and training programs
• Homeless Services
• Food Distribution programs
• Necessary climate and resiliency improvements in compliance with program purpose and
guidelines
• Essential supplies, during a State of Emergency, natural disaster, or economic
crisis.
• Necessary infrastructure improvements in compliance with program purpose and guidelines
The expenditure of Miami For Everyone funds allocated under this Initiative shall only be expended to
benefit the interest of disadvantaged residents of the City of Miami.
Eligible Entities and Organizations:
Miami For Everyone fund recipients must be an active and registered State of Florida entity:
1 All Affordable Housing projects shall be managed by the City of Miami's Department of Housing and Community Development
("HCD") and subject to compliance with HCD's applicable rules, guidelines, processes, and procedures, including but not limited
to, relevant funding agreements.
City of Miami
Miami For Everyone
Program Guidelines
(1) For Profit2; (2) Not -for profit organizations {501(3)(c)}; (3) Governmental units; (4) Educational
and academic institutions; (5) City of Miami departments, Offices of City Elected Officials, agencies,
or boards.
Additional Program Guidelines and Requirements
• Any organization considered for or selected to receive Miami For Everyone funds must comply
with any and all local, state and federal laws, rules, regulations, or guidelines associated with the
programs funded, and such allocations may be revoked at the sole discretion of the City
Commission.
• Organization must complete a Miami For Everyone funding request form.
• MFE programs are subject to funding availability.
• MFE fund recipients will use funds for a program or initiative that reaches a significant number of
individuals and/or significantly mitigates the impacts of a declared emergency.
• Recipients will be required to enter into a grant agreement with the City of Miami prior to any
funding being disbursed. Said agreement shall include program/activity information and
language regarding:
o Resolution stating who is authorized to execute agreement with City of Miami
o Scope of Services including but not limited to number of residents being served, City of
Miami District/Location where services are being provided, program focus/priority area,
frequency of service, performance measures and any other performance metric deemed
relevant to the program priority area
o Budget detailing how funding will be utilized to provided services to City/District residents
as described in the Scope of Services
o Invoicing for activities and services provided and residents assisted or served
o Conflict of Interest
o Insurance as required by the City of Miami, which said requirements may be amended by
the City's Department of Risk Management ("Risk") and approved by Risk, which may be
withheld in the City's sole discretion.
o Any other material terms deem applicable to ensure appropriate use of public funds
• If an agreement is not executed in six (6) months from the date of Commission approval, the
recipient will be recommended for de -obligation.
• Unless otherwise approved or extended by City Commission, the agreement term will end a year
following contract execution.
• Recipients will be required to complete an end of program close-out report certifying the services
provided, performance metrics, location of services, timeline for the provision of MFE related
services and a narrative of the overall accomplishments of the program. The City, from time to
time, may conduct on -site monitoring and/or audits of the MFE funded program/activity/service.
• Funds cannot be used to pay expenditures such as:
o Lobbying Activities
o Traveling for non -program participants
o Meals for non -program participants
o Pay bad debt
2 Only eligible to be awarded funding for affordable housing projects.
City of Miami
Miami For Everyone
Program Guidelines
o Defense and prosecution of criminal and civil proceedings
o Donations or fund raising activities
o Individual or Personal expenses
o Pay same expense charged to other funding source (e.g. CDBG funds)
o Sponsorship of events and activities
o Any other expenditures deemed ineligible by the City of Miami
Organizations that discriminate based on race, color, sex, religion, national origin, age or disability
will not be recommended for funding. Administrative/Indirect expenses cannot exceed 10% of
the budget allocation.
• These guidelines are further subject to compliance with all requirements that may be imposed
by the City Attorney, including but not limited to, those prescribed by applicable City Charter and
City Code provisions.
• The attached Funding Request Form (pages 1-6) must be completed in its entirety by the applicant. The
completed form must besubmitted to the Office of Management and Budget before the entity may
added to the Commission Agenda for approval.
(March 28, 2023)
City of Miami
Miami For Everyone
Program Funding Request Form
CONTACT INFORMATION:
Contact Person: Amanda De Seta
Title: Head of Development
Phone number: 917-774-0869
Email Address: amanda@dragonflyri.com
Name of Person completing this form: Amanda De Seta
Legal Name of Organization: DFI Mundy, LLC
Address (Street, City, State, Zip Code): 19 W Flagler Street Suite 1001 Miami FL 33130
Executive Director of Organization: Irving Weisselberger
Executive Director email: Irving@dragonflyri.com
Executive Director Contact Phone Number: 305-319-0662
The organization is a registered and active State of Florida Corporation (select one):
nFor -profit organization
n N• ot -for profit organization {501(3)(c)}
nLocal governmental unit
nS• tate governmental unit
nEducational and academic institution
nC• ity of Miami department, office of elected official, agency or board
Page 1 of 6
Return this form to: gbrito@miamigov.com
(March 28, 2023)
City of Miami
Miami For Everyone
Program Funding Request Form
ORGANIZATION AND PROGRAM/PROJECT INFORMATION
Organization History and Background Information:
Dragonfly Real Estate Investments, formed in 2014, has developed, bought or sold hurl(
square feet of industrial and commercial retail spaces. Moving into ground up developm
Dragonfly has over 400 affordable housing units in various stages of development.
Is your program/project providing direct services to residents of the City of Miami? Yes ❑No ■❑
Number of residents your entity will serve:
Frequency of Service:
Age Group Served:
Is your program/project related to a declared emergency in the City of Miami? Yes❑No ■❑
Name of Declared Emergency:
Date of Official Declaration:
Is your program/project impacting one of Miami's afflicted communities? Yes ❑■ NoD
Geographic Area Served (specific to this project/program)
District Served (1, 2, 3, 4, 5, Citywide) District 2
Neighborhood/Community being served: West Coconut Grove
Program/Project Priority area (Select one):
El
EI
EI
EI
EI
Affordable Housing
Educational Programs for children, youth, and adults
Elderly meals, direct financial assistance, transportation, recreational and
health/wellness related activities
Direct financial assistance, food assistance (gift card programs, voucher programs)
At -risk youth or youth summer job programs
Page 2 of 6
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(March 28, 2023)
City of Miami
Miami For Everyone
Program Funding Request Form
InTransportation services and programs
InJob development, retention and training programs
nHomeless Services
nFood Distribution programs
InClimate Resiliency Improvements
InEssential supplies, during a State of Emergency, natural disaster, or economic crisis
nAllowable Infrastructure Improvement per program purpose and guidelines
Return this form to: gbrito@miamigov.com
(March 28, 2023)
City of Miami
Miami For Everyone Program
Funding Request Form
Program/Project Title: DFI Mundy Affordable Housing
Project/Program Description: Dragonfly will take over the stalled Casa Valentina project
in order to deliver two four-plexes designated to a blended 80% AMI. This will allow
the original ARPA funds to be used, while delivering 8 more affordable units to the
West Grove.
Program Start Date: 10/15/24 Program End Date: 10/15/26
Please describe how this program/project and funding will assist the community overcome the
adverse effects of the declared emergency:
This project will provide 3 bedroom, 2 bathroom units for families who were disproportiot
effected during the pandemic. The effects of inflation and rising housing costs has
rendered Coconut Grove unaffordable for many who work within the community.
IMPACT AND PERFORMANCE:
Describe overall expected outcomes and performance measures for this project/program:
We envision delivering quality, 3 bedroom 2 bathroom units within 24 months. We
anticipate a very short lease up period to deliver 100% occupancy quickly.
Please attach additional pages to the back of this packet, if. the space above is not sufficient
Page 4 of 6
Return this form to: gbrito@miamigov.com
(March 28, 2023)
City of Miami
Miami For Everyone Program
Funding Request Form
FUNDING REQUEST INFORMATION:
Amount Requested: $450,000.00
Explain how the City of Miami's Miami For Everyone funding will be utilized:
These funds will be applied to replace the CDGB funds received by Casa Valentina origi
to purchase 3132 + 3173 Mundy Street to develop affordable housing. As part of the
conveyance at closing, the funds will be used to repay the CDGB monies to the City
of Miami.
Itemize MFE funding related to expenditures below:
Personnel Salaries & Wages:
Personnel Benefits $
Space Rental: $
Utilities (Electricity, Phone, Internet): $
Supplies:
Equipment
Marketing:
Transportation (Participants):
Meals (Participants):
Professional Services (List each):
Construction (attach schedule of costs): $
Other (please describe): CDGB repayment
Other (please describe):
Other (please describe):
Page 5 of 6
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(March 28, 2023)
PDS
t5
City of Miami
Miami For Everyone Program
Funding Request Form
To be completed by the Entity/Recipient
By signing below you agree to the guidelines and stipulate that the information provided on this form is
accurate and complete.
Completed by (Print & Sign ):
Date: August 6, 2024
Additional Comments:
To be completed by District Commissioner/Mayor's Office
Recommended for funding: Yes x❑ No❑
Funding Recommendation: $450,000
Commission Meeting Date:09/12/2024
Additional Comments:
To be disbursed on a lump sum -basis after meeting all requirements.
. CDocuSigned by:
Completed by (Print & Sign)
Date:
4
August 10, 2024 1 22:37827 B07PD0C
T
To be completed by the Department
August 12, 2021 1011:12:31 EDT
CDDcu3igned by:
Received by (Print & Sign): 5F�c8, gR d4F
Date:
August 12, 2024 1 15:14:33 EDT
Additional Comments:
Page 6 of 6
Return this form to: gbrito@miamigov.com
(March 28, 2023)
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
Arthur Noriega V DATE: August 19, 2024
City Manager
-DocuSigned by:
Alfredo Duran a h P'
Assistant Direc\t5r3982D2°DB1B4°0
BACKGROUND
SUBJECT: District 2 MFE Allocation of $450,000
to DFI Mundy, LLC
On September 1 2022, the City of Miami ("the City") executed an ARPA Loan Agreement with Casa
Valentina, Inc., a Florida Not for Profit organization ("Former Developer"), for the acquisition of multiple
parcels and to develop no fewer than fifty (50) City -assisted affordable rental units for low-income
individuals at or below 80% AMI. The proposed development was to be known as "Casa Valentina" and
was to be situated at approximately 3129 Mundy Street, 3133 Mundy Street, 3135 Mundy Street, 3145
Mundy Street, 3147 Mundy Street, and 3153 Mundy Street in Miami ("Project").
Simultaneously, on September 1, 2022, the City executed a CDBG Loan Agreement with Casa Valentina,
Inc., in the amount of $440,846 to complement the ARPA funding referenced above and assist the Former
Developer in acquiring the aforementioned parcels and develop the Project.
DRAGONFLY REAL ESTATE INVESTMENTS
Dragonfly Real Estate Investments ("Dragonfly"), formed in 2014, has developed, bought or sold hundreds
of square feet of industrial and commercial retail spaces. Moving into ground -up development, Dragonfly
has over 400 affordable housing units in various stages of development. Most recently, the principals behind
Dragonfly, Irving Weisselberger and Amanda DeSeta, are advising the Greater St. Paul AME Church on
the development of 10 units of affordable housing, which is also being developed with City funds.
Earlier this year, Dragonfly proposed to take over the stalled Casa Valentina project from the Former
Developer, assume the existing ARPA Loan Agreement, acquire title to the property at 3121 and 3173
Mundy St, and deliver two-four plexes, contributing 8 units of affordable housing to a much needed area in
Coconut Grove. While the original Project, as we understood from the Former Developer, would have
required further Upzoning and a concerted master land acquisition plan that fell outside the scope of original
non -profit's expertise, Dragonfly will capitalize on its extensive real estate experience to deliver a successful
project and make use of the Federal Dept. of Treasury's ARPA funding before they expire in 2024.
In July 2024, Dragonfly formed the LLC "DFI Mundy LLC". The newly formed LLC will assume the original
loan from Casa Valentina, Inc. (Sunbiz.org, attached as Exhibit "A"). DFI Mundy LLC submitted a grant
application to the Office of Management and Budget, attached as Exhibit "B," to the City of Miami ("City")
for MFE Program Funds in order to complete the proposed project (See Exhibit "B" attached).
MIAMI FOR EVERYONE PROGRAM
The City of Miami created the Miami For Everyone ("MFE") Program to assist communities facing long-term
challenges resulting from declared emergencies and to address the specific needs of the most vulnerable
residents and businesses, by providing support towards priority areas of need that will further stabilize
economic conditions within City Districts.
DFI Mundy LLC has therefore requested MFE funds in the amount of Four Hundred Fifty Thousand Dollars
($450,000) in the form of a deferred interest, forgivable loan. The funds will be utilized for project costs
associated with the revised project scope, namely, paying off the original CDBG loan. The development will
house a minimum of 8 households whose income is equal to or less than eighty percent (80%) of area
median income ("AMI").
RECOMMENDATION
The City's District 2 Commissioner ("Commissioner") has reviewed the MFE Application attached and wishes to
provide grant funds from the Commissioner's share of MFE funding in an amount not to exceed
Four Hundred Fifty Thousand Dollars ($450,000) in the form of a forgivable loan to DFI Mundy, LLC. The exact
terms of the loan will be dictated by the final, HCLC Approval expected to be received on September 20, 2024.
In light of the above, approval of a waiver of the formal requirements of competitive sealed bidding methods as not
being practicable or advantageous to the City as set forth in the City Code of Ordinances, as amended, specifically
Section 18-85 (A), and the affirmation of these written findings and the forwarding of the same to the City
Commission for ratification by a fourth -fifths vote is respectfully requested.
APPROVED / DISAPPROVED
La
cuSigned by:
Novit,y.
Arthur orieg
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a
City Manager
DIVISION OF CORPORATIONS
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Department of State / Division of Corporations / Search Records / Search by Entity Name /
Detail by Entity Name
Florida Limited Liability Company
DFI MUNDY LLC
Filing Information
Document Number L24000328481
FEI/EIN Number NONE
Date Filed 07/29/2024
State FL
Status ACTIVE
Principal Address
19 W FLAGLER ST, SUITE 1001
MIAMI, FL 33130
Mailing Address
19 W FLAGLER ST, SUITE 1001
MIAMI, FL 33130
Registered Agent Name & Address
EVAN R. MARBIN & ASSOCIATES, P.A.
19790 W DIXIE HWY PH 3
MIAMI, FL 33180
Authorized Person(s) Detail
Name & Address
Title MGR
DRAGONFLY INVESTMENTS LLC
19 W FLAGLER ST, AVE 1001
MIAMI, FL 33130
Annual Reports
No Annual Reports Filed
Document Imams
07/29/2024 -- Florida Limited Liability View image in PDF format
Florida Department of State, Division of Corporations
City of Miami
Miami For Everyone
Program Guidelines
Background:
On April 13th 2023, the Miami City Commission approved Resolution No. R-23-0178 establishing the
Miami For Everyone ("MFE") program. The following Miami For Everyone guidelines were adopted in
said Resolution R-23-0178, to ensure the accountability and utilization of the program funds meets the
intent of the MFE Program. Funding for the MFE Program will be allocated by the City Commission.
Purpose:
The purpose of the Miami For Everyone program is to assist communities facing the long-term
complications resulting from declared emergencies and to address the specific needs of the most
vulnerable residents and businesses, through a strategy of focusing the provision of support towards
priority areas of need that will further stabilize economic conditions within City District(s). The City of
Miami created the Miami For Everyone program to address the needs of the most vulnerable residents
who continue to experience hardships due to a declared emergency (pandemic, natural disaster, etc.).
Miami For Everyone focuses on projects and programs providing services directly benefitting City of
Miami residents in the following priority areas:
• Affordable Housing'
• Educational Programs for children, youth and adults
• Elderly meals, direct financial assistance, transportation, recreational and health/wellness related
activities
• Direct financial assistance, food assistance (gift card programs, voucher programs)
• At -risk youth or youth summer job programs
• Transportation services and programs
• Job development, retention and training programs
• Homeless Services
• Food Distribution programs
• Necessary climate and resiliency improvements in compliance with program purpose and
guidelines
• Essential supplies, during a State of Emergency, natural disaster, or economic
crisis.
• Necessary infrastructure improvements in compliance with program purpose and guidelines
The expenditure of Miami For Everyone funds allocated under this Initiative shall only be expended to
benefit the interest of disadvantaged residents of the City of Miami.
Eligible Entities and Organizations:
Miami For Everyone fund recipients must be an active and registered State of Florida entity:
1 All Affordable Housing projects shall be managed by the City of Miami's Department of Housing and Community Development
("HCD") and subject to compliance with HCD's applicable rules, guidelines, processes, and procedures, including but not limited
to, relevant funding agreements.
City of Miami
Miami For Everyone
Program Guidelines
(1) For Profit2; (2) Not -for profit organizations {501(3)(c)}; (3) Governmental units; (4) Educational
and academic institutions; (5) City of Miami departments, Offices of City Elected Officials, agencies,
or boards.
Additional Program Guidelines and Requirements
• Any organization considered for or selected to receive Miami For Everyone funds must comply
with any and all local, state and federal laws, rules, regulations, or guidelines associated with the
programs funded, and such allocations may be revoked at the sole discretion of the City
Commission.
• Organization must complete a Miami For Everyone funding request form.
• MFE programs are subject to funding availability.
• MFE fund recipients will use funds for a program or initiative that reaches a significant number of
individuals and/or significantly mitigates the impacts of a declared emergency.
• Recipients will be required to enter into a grant agreement with the City of Miami prior to any
funding being disbursed. Said agreement shall include program/activity information and
language regarding:
o Resolution stating who is authorized to execute agreement with City of Miami
o Scope of Services including but not limited to number of residents being served, City of
Miami District/Location where services are being provided, program focus/priority area,
frequency of service, performance measures and any other performance metric deemed
relevant to the program priority area
o Budget detailing how funding will be utilized to provided services to City/District residents
as described in the Scope of Services
o Invoicing for activities and services provided and residents assisted or served
o Conflict of Interest
o Insurance as required by the City of Miami, which said requirements may be amended by
the City's Department of Risk Management ("Risk") and approved by Risk, which may be
withheld in the City's sole discretion.
o Any other material terms deem applicable to ensure appropriate use of public funds
• If an agreement is not executed in six (6) months from the date of Commission approval, the
recipient will be recommended for de -obligation.
• Unless otherwise approved or extended by City Commission, the agreement term will end a year
following contract execution.
• Recipients will be required to complete an end of program close-out report certifying the services
provided, performance metrics, location of services, timeline for the provision of MFE related
services and a narrative of the overall accomplishments of the program. The City, from time to
time, may conduct on -site monitoring and/or audits of the MFE funded program/activity/service.
• Funds cannot be used to pay expenditures such as:
o Lobbying Activities
o Traveling for non -program participants
o Meals for non -program participants
o Pay bad debt
2 Only eligible to be awarded funding for affordable housing projects.
City of Miami
Miami For Everyone
Program Guidelines
o Defense and prosecution of criminal and civil proceedings
o Donations or fund raising activities
o Individual or Personal expenses
o Pay same expense charged to other funding source (e.g. CDBG funds)
o Sponsorship of events and activities
o Any other expenditures deemed ineligible by the City of Miami
Organizations that discriminate based on race, color, sex, religion, national origin, age or disability
will not be recommended for funding. Administrative/Indirect expenses cannot exceed 10% of
the budget allocation.
• These guidelines are further subject to compliance with all requirements that may be imposed
by the City Attorney, including but not limited to, those prescribed by applicable City Charter and
City Code provisions.
• The attached Funding Request Form (pages 1-6) must be completed in its entirety by the applicant. The
completed form must besubmitted to the Office of Management and Budget before the entity may
added to the Commission Agenda for approval.
(March 28, 2023)
City of Miami
Miami For Everyone
Program Funding Request Form
CONTACT INFORMATION:
Contact Person: Amanda De Seta
Title: Head of Development
Phone number: 917-774-0869
Email Address: amanda@dragonflyri.com
Name of Person completing this form: Amanda De Seta
Legal Name of Organization: DFI Mundy, LLC
Address (Street, City, State, Zip Code): 19 W Flagler Street Suite 1001 Miami FL 33130
Executive Director of Organization: Irving Weisselberger
Executive Director email: Irving@dragonflyri.com
Executive Director Contact Phone Number: 305-319-0662
The organization is a registered and active State of Florida Corporation (select one):
nFor -profit organization
n N• ot -for profit organization {501(3)(c)}
nLocal governmental unit
nS• tate governmental unit
nEducational and academic institution
nC• ity of Miami department, office of elected official, agency or board
Page 1 of 6
Return this form to: gbrito@miamigov.com
(March 28, 2023)
City of Miami
Miami For Everyone
Program Funding Request Form
ORGANIZATION AND PROGRAM/PROJECT INFORMATION
Organization History and Background Information:
Dragonfly Real Estate Investments, formed in 2014, has developed, bought or sold hurl(
square feet of industrial and commercial retail spaces. Moving into ground up developm
Dragonfly has over 400 affordable housing units in various stages of development.
Is your program/project providing direct services to residents of the City of Miami? Yes ❑No ■❑
Number of residents your entity will serve:
Frequency of Service:
Age Group Served:
Is your program/project related to a declared emergency in the City of Miami? Yes❑No ■❑
Name of Declared Emergency:
Date of Official Declaration:
Is your program/project impacting one of Miami's afflicted communities? Yes ❑■ NoD
Geographic Area Served (specific to this project/program)
District Served (1, 2, 3, 4, 5, Citywide) District 2
Neighborhood/Community being served: West Coconut Grove
Program/Project Priority area (Select one):
El
EI
EI
EI
EI
Affordable Housing
Educational Programs for children, youth, and adults
Elderly meals, direct financial assistance, transportation, recreational and
health/wellness related activities
Direct financial assistance, food assistance (gift card programs, voucher programs)
At -risk youth or youth summer job programs
Page 2 of 6
Return this form to: gbrito@miamigov.com
(March 28, 2023)
City of Miami
Miami For Everyone
Program Funding Request Form
InTransportation services and programs
InJob development, retention and training programs
nHomeless Services
nFood Distribution programs
InClimate Resiliency Improvements
InEssential supplies, during a State of Emergency, natural disaster, or economic crisis
nAllowable Infrastructure Improvement per program purpose and guidelines
Return this form to: gbrito@miamigov.com
(March 28, 2023)
City of Miami
Miami For Everyone Program
Funding Request Form
Program/Project Title: DFI Mundy Affordable Housing
Project/Program Description: Dragonfly will take over the stalled Casa Valentina project
in order to deliver two four-plexes designated to a blended 80% AMI. This will allow
the original ARPA funds to be used, while delivering 8 more affordable units to the
West Grove.
Program Start Date: 10/15/24 Program End Date: 10/15/26
Please describe how this program/project and funding will assist the community overcome the
adverse effects of the declared emergency:
This project will provide 3 bedroom, 2 bathroom units for families who were disproportiot
effected during the pandemic. The effects of inflation and rising housing costs has
rendered Coconut Grove unaffordable for many who work within the community.
IMPACT AND PERFORMANCE:
Describe overall expected outcomes and performance measures for this project/program:
We envision delivering quality, 3 bedroom 2 bathroom units within 24 months. We
anticipate a very short lease up period to deliver 100% occupancy quickly.
Please attach additional pages to the back of this packet, if. the space above is not sufficient
Page 4 of 6
Return this form to: gbrito@miamigov.com
(March 28, 2023)
City of Miami
Miami For Everyone Program
Funding Request Form
FUNDING REQUEST INFORMATION:
Amount Requested: $450,000.00
Explain how the City of Miami's Miami For Everyone funding will be utilized:
These funds will be applied to replace the CDGB funds received by Casa Valentina origi
to purchase 3121 + 3173 Mundy Street to develop affordable housing. As part of the
conveyance at closing, the funds will be used to repay the CDGB monies to the City
of Miami.
Itemize MFE funding related to expenditures below:
Personnel Salaries & Wages:
Personnel Benefits $
Space Rental: $
Utilities (Electricity, Phone, Internet): $
Supplies:
Equipment
Marketing:
Transportation (Participants):
Meals (Participants):
Professional Services (List each):
Construction (attach schedule of costs): $
Other (please describe): CDGB repayment
Other (please describe):
Other (please describe):
Page 5 of 6
Return this form to: gbrito@miamigov.com
(March 28, 2023)
rG
DS
Commission Meeting Date:
City of Miami
Miami For Everyone Program
Funding Request Form
To be completed by the Entity/Recipient
By signing below you agree to the guidelines and stipulate that the information provided on this form is
accurate and complete.
Completed by (Print & Sign ):
Date: August 6, 2024
Additional Comments:
To be completed by District Commissioner/Mayor's Office
Recommended for funding: Yes ❑ No❑
$450,000.00
Funding Recommendation:
September 12 2024
Additional Comments:
To be disbursed on a lump sum -basis after meeting all requirements.
Completed by (Print & Sign):
August 13, 2024
Date:
�DocuSigned by:
Anthony Balzabre
15. To be completed by the Department
DocuSigned by:
August 13, 2024 1 13:10:49 EDT
Received by (Print & Sign):
L-73/4
gF�4SBC'S+t99...
August 14, 2024 1 09:3:26 EDT
Date:
Additional Comments:
Page 6 of 6
Return this form to: gbrito@miamigov.com
(March 28, 2023)
OFFICE OF THE PROPERTY APPRAISER
PROPERTY INFORMATIO
Folio
Property Address
Owner
Mailing Address
Primary Zone
Primary Land Use
Beds / Baths /Half
Floors
Living Units
Actual Area
Living Area
Adjusted Area
Lot Size
Year Built
�E' '1 I� IIII Idi1 l L11
Year
Land Value
Building Value
Extra Feature Value
Market Value
Assessed Value
BENEFITS INFORMATIO
Benefit
Non -Homestead
Cap
Charitable
Summary Report
01-4121-006-0050
3173 MUNDY ST
MIAMI, FL 33133-4351
CASA VALENTINA INC
2103 CORAL WAY 2ND FLOOR
MIAMI, FL 33145
5700 DUPLEXES - GENERAL
0101 RESIDENTIAL - SINGLE FAMILY : 1
UNIT
3/2/0
1
1
2,022 Sq.Ft
1,950 Sq.Ft
1,701 Sq.Ft
5,350 Sq.Ft
Multiple (See Building Info.)
file
2024 2023
$494,875 $494,875
$120,826 $121,517
$1,458 $1,458
Type
Assessment
Reduction
Exemption
$617,159 $617,850
$617,159 $617,850
2024
2022
$315,650
$124,605
$1,458
$441,713
$390,211
2023 2022
$617,159 $617,850
$51,502
Note: Not all benefits are applicable to all Taxable Values (i.e.
County, School Board, City, Regional).
SHORT LEGAL DESCRIPTION
MUNDY SUB PB 15-29
LOT 5
LOT SIZE 50.000 X 107
74R-262731
OR 18156-3470/23718-0868 0698 4
TAXABLE VALUE INFORMATION
Year
COUNTY
Exemption Value
Taxable Value
SCHOOL BOARD
Exemption Value
Taxable Value
CITY
Exemption Value
Taxable Value
REGIONAL
Exemption Value
Taxable Value
SALES INFORMATION
Previous
Sale
08/23/2022
02/25/2022
01/27/2020
$750,000
$750,000
$290,000
08/01/2005 $0
Generated On: 08/12/2024
2024
2023
2022
$617,159 $617,850 $0
$0 $0 $390,211
$617,159 $617,850 $0
$0 $0 $441,713
$617,159 $617,850 $0
$0 $0 $390,211
$617,159 $617,850 $0
$0 $0 $390,211
OR
Price Book -
Page
33372-
2284
33049-
4211
31803-
3703
23718-
0870
Qualification Description
Atypical exposure to market;
atypical motivation
Qual by exam of deed
Atypical exposure to market;
atypical motivation
Sales which are disqualified as
a result of examination of the
deed
The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information
on record. The Property Appraiser and Miami -Dade County assumes no liability, see full disclaimer and User Agreement at
http://www.miamidade.gov/info/disclaimer.asp
OFFICE OF THE PROPERTY APPRAISER
PROPERTY INFORMATI
Folio
Property Address
Owner
01-4121-006-0120
3121 MUNDY ST
MIAMI, FL 33133-4351
CASA VALENTINA INC
Mailing Address 2103 CORAL WAY 2FL
MIAMI, FL 33145
Primary Zone 5700 DUPLEXES - GENERAL
Primary Land Use 0081 VACANT RESIDENTIAL : VACANT LAND
Summary Report
•
Beds / Baths /Half 0 / 0 / 0
Floors 0
Living Units 0
Actual Area 0 Sq.Ft
Living Area 0 Sq.Ft
Adjusted Area 0 Sq.Ft
Lot Size 5,350 Sq.Ft
Year Built 0
ESSMENT INFORMATION
Year
Land Value
Building Value
Extra Feature Value
Market Value
Assessed Value
ORMATION
Year
2024 2023 2022 COUNTY
Generated On: 08/16/2024
2024
2023
2022
$494,875 $494,875 $315,650 Exemption Value $494,875 $494,875 $0
$0 $0 $0 Taxable Value $0 $0 $111,007
$0 $0 $0 SCHOOL BOARD
$494,875 $494,875 $315,650 Exemption Value $494,875 $494,875 $0
$494,875 $494,875 $111,007 Taxable Value $0 $0 $315,650
CITY
Benefit Type 2024 2023 2022 Exemption Value $494,875 $494,875 $0
Non -Homestead Assessment $204,643 Taxable Value $0 $0 $111,007
Cap Reduction REGIONAL
Charitable Exemption $494,875 $494,875 Exemption Value $494,875 $494,875 $0
Taxable Value $0 $0 $111,007
Note: Not all benefits are applicable to all Taxable Values (i.e.
County, School Board, City, Regional).
SHORT LEGAL DESCRIPTION
21 54 41
MUNDY SUB PB 15-29
LOT 12
LOT SIZE 50.000 X 107
OR 18933-1104 1299 4
SALES INFORMATION
Previous
Sale
Price
09/30/2022 $585,000
12/01/1999 $0
06/01/1994 $170,000
03/01/1974 $50,000
OR
Book- Qualification Description
Page
33425- Atypical exposure to market;
3834 atypical motivation
Sales which are disqualified as
a result of examination of the
deed
18933-
1104
16444- Deeds that include more than
4688 one parcel
00000- Deeds that include more than
00000 one parcel
The Office of the Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information
on record. The Property Appraiser and Miami -Dade County assumes no liability, see full disclaimer and User Agreement at
http://www.miamidade.gov/info/disclaimer.asp
CITY OF MIAMI, FLORIDA
NOTICE OF PUBLIC HEARING
A public hearing will be held by the City Commission of the City of Miami, Florida on
Thursday, September 12, 2024, at 9:00 A.M. at City Hall, located at 3500 Pan American Drive,
Miami, Florida, 33133 for the purpose of granting the following:
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 ("GRANT"), TO DFI MUNDY, LLC, A
FLORIDA LIMITED LIABILITY COMPANY ("DEVELOPER"), TO DEVELOP TWO-FOUR
PLEXES 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 LESS THAN EIGHT (8)
CITY -ASSISTED RESIDENTIAL RENTAL UNITS FOR ELIGIBLE RESIDENTS WITH
ANNUAL INCOME EQUAL TO OR LESS THAN FIFTY PERCENT 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", 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 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.
All interested persons are invited to appear at the meeting and may be heard with respect to
the proposed resolution. Should any person desire to appeal any decision of the City
Commission with respect to any matter to be considered at this meeting, that person shall
ensure that a verbatim record of the proceedings is made including all testimony and evidence
upon which any appeal may be based (F.S. 286.0105).
Pursuant to Miami City Code Section 2-33(o), whenever a scheduled City Commission
meeting is cancelled or is not held due to a lack of a quorum or other emergency, a special
City Commission meeting will be automatically scheduled for the Tuesday immediately
following the cancelled meeting. In the event of one of the aforementioned circumstances, the
special meeting would be held on September 17, 2024, at 9:00 a.m. in the City Commission
chambers located at Miami City Hall, 3500 Pan American Drive, Miami, Florida 33133. All of
the scheduled agenda items from that cancelled meeting shall automatically be scheduled as
an agenda item at the special City Commission meeting.
The City Clerk shall notify the public of the special meeting that is to take place by placing a
notice of the special City Commission meeting at the entrance of City Hall and the City's main
administrative building, placing a notice on the City's website, and, if feasible, placing an ad in
a newspaper of general circulation before the special meeting on the immediately following
Tuesday. There shall be no additional notice by publication required for any such scheduled
agenda item that is moved to the special City Commission meeting.
In accordance with the Americans with Disabilities Act of 1990, persons needing special
accommodations to participate in this proceeding may contact the Office of the City Clerk at
(305) 250-5361 (Voice) no later than five (5) business days prior to the proceeding. TTY users
may call via 711 (Florida Relay Service) no later than five (5) business days prior to the
proceeding.
(City Seal)
Todd B. Hannon
City Clerk
Ad No. 43562