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HomeMy WebLinkAboutR-25-0062City of Miami Resolution R-25-0062 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 17238 Final Action Date: 2/27/2025 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 ("CITY CHARTER"), AND SECTION 18- 182(C) OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED ("CITY CODE"); WAIVING THE REQUIREMENTS FOR SAID PROCEDURES; AUTHORIZING THE CITY MANAGER TO EXECUTE A NINETY NINE (99) YEAR GROUND LEASE AGREEMENT ("LEASE"), BETWEEN THE CITY OF MIAMI ("CITY") AND 5350 FLAGLER STREET, LLC; ("DEVELOPER") ON THE CITY -OWNED PARCEL OF LAND LOCATED AT 5350 WEST FLAGLER STREET, MIAMI, FLORIDA, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT "A," ATTACHED AND INCORPORATED, FOR THE DEVELOPMENT OF AFFORDABLE ELDERLY RENTAL HOUSING PROJECT FOR LOW- INCOME SENIORS; 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; SUCH LEASE SUBJECT UPON SUCCESSFUL REMEDIATION OF EXISTING ENVIRONMENTAL CONDITIONS, IF ANY. SPONSOR(S): Commissioner Manolo Reyes WHEREAS, on November 16, 2023, pursuant to City of Miami ("City") Resolution No. R- 23-0519, the City Commission authorized the purchase of the property located 5350 West Flagler Street, Miami, Florida, as legally described in Exhibit "A," attached and incorporated ("Parcel"), in the amount of Five Million and 00/100 Dollars ($5,000,000.00) using Miami Forever Limited Ad Valorem Bonds funds ("MFB Funds"); and WHEREAS, on November 21, 2024, 5350 Flagler Street, LLC, submitted to the City a Letter of Request for the development of affordable rental housing project for low-income seniors ("Project"); and WHEREAS, the proposed Project is contingent upon successful remediation of existing environmental conditions on the Parcel and an award of ninety-eight (98) units under the Faircloth to RAD program by Miami -Dade County and HUD; and WHEREAS, 5350 Flagler Street, LLC, is a Florida limited liability ("Developer"), company created for the development of the Project; and City of Miami Page 1 of 3 File ID: 17238 (Revision:) Printed On: 8/14/2025 File ID: 17238 Enactment Number: R-25-0062 WHEREAS, Related Urban ("RUDG, LLC") is the parent company of Developer and RUDG, LLC has completed various affordable housing developments within the City and currently has others at various stages of construction and is currently in good standing with the City; and WHEREAS, it is the intent of the Developer and the City for the Project to be developed as an affordable rental housing project for low-income seniors on the Parcel under a ninety-nine (99) years ground lease ("Lease"); and WHEREAS, the City's Housing and Commercial Loan Committee will consider approving and awarding Five Million, Seven Hundred Thousand and 00/100 Dollars ($5,700,00.00) in additional MFB Funds for the Development of the Project; and WHEREAS, Section 29-B(a) of the City Charter allows for the conveyance or disposition of City -owned property for the implementation of projects which are intended to benefit persons or households with low and/or moderate income; and WHEREAS, the City shall require the following in order to lease the Parcel to the Developer: (i) evidence satisfactory to the Director of the Department of Housing and Community Development ("Director") that financial commitments from the lender or lenders have been received; (ii) any mortgages obtained by the Developer on the Parcel(s) will be subject to the approval of the Director; and (iii) the closing of the lease agreement occurs simultaneously with the closing of the construction financing by the lender(s), if any; and WHEREAS, the approval of the Lease shall be subject to compliance with all applicable federal, State of Florida, and local laws, rules, regulations, or restrictions; upon successful remediation of existing environmental conditions; and the negotiation and execution of any other necessary documents all in form(s) acceptable to the City Attorney, for the purposes stated herein and in furtherance of the 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 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, the City Manager's determinations, findings, and recommendations, attached and incorporated as Exhibit "B," pursuant to Sections 29-B(a) of the City Charter are ratified, approved, and confirmed and the City Commission hereby waives the requirements for said procedures. Section 3. The City Manager is authorized' to negotiate and execute a ninety-nine (99) years ground lease agreement, between the City and 5350 Flagler Street, LLC, for the City - owned parcel of land located at 5350 West Flagler Street, Miami, Florida, as legally described in Exhibit "A," attached and incorporated, for the development of an affordable elderly rental housing project for low-income seniors. 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 2 of 3 File ID: 17238 (Revision:) Printed on: 8/14/2025 File ID: 17238 Enactment Number: R-25-0062 Section 4. The City Manager is further authorized' to negotiate and execute any and all other necessary documents, all in forms acceptable to the City Attorney, for the purposes stated herein. Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: g III, C y`attorey / 2/18/2025 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 3 of 3 File ID: 17238 (Revision:) Printed on: 8/14/2025