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