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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-25-0064 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 16840 Revision: A File Type: Resolution Status: ADOPTED WITH MODIFICATION(S) Controlling Body: City Commission File Name: MFE Allocation - 3710 Grove Landing Community Introduced: 10/21/2024 Housing Development Requesting Dept: Commissioners and Mayor Final Action Date: 2/27/2025 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 "A," 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 AS A LOAN IN AN AMOUNT NOT TO EXCEED SEVEN MILLION TWO HUNDRED THOUSAND AND 00/100 DOLLARS ($7,200,000.00) FROM THE DISTRICT 2 COMMISSIONER'S SHARE OF THE CITY'S MIAMI FOR EVERYONE ("MFE") PROGRAM ("GRANT"), TO COLLABORATIVE DEVELOPMENT CORPORATION, A FLORIDA NOT FOR PROFIT CORPORATION ("DEVELOPER"), FOR THE DEVELOPER TO ACQUIRE ONE (1) OR MORE OF THE PARCELS DESCRIBED IN EXHIBIT "C," ATTACHED AND INCORPORATED, ON WHICH THE DEVELOPER WILL CAUSE TO BE CONSTRUCTED A NEW MIXED -USE AFFORDABLE HOUSING DEVELOPMENT TO BE KNOWN AS 3710 GROVE LANDING COMMUNITY HOUSING DEVELOPMENT ("PROJECT") THAT WILL CONTAIN NO FEWER THAN SIXTY THREE (63) CITY ASSISTED RESIDENTIAL HOMEOWNERSHIP CONDO UNITS FOR ELIGIBLE RESIDENTS WHOSE ANNUAL INCOME IS BETWEEN SIXTY PERCENT (60%) AND NINETY-FIVE PERCENT (95%) OF AREA MEDIAN INCOME ("AMI") AS PUBLISHED ANNUALLY BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, 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 PROJECT RECEIVING HCLC APPROVAL AND THE DEVELOPER FULFILLING, IN A TIMELY MANNER, ANY AND ALL TERMS, REQUIREMENTS, AND CONDITIONS SET FORTH IN THIS RESOLUTION AND THE HCLC APPROVAL WHICH MAY BE IN ADDITION TO THE REQUIREMENTS CONTAINED IN THIS RESOLUTION, IN ORDER TO ALLOCATE THE CITY'S MFE FUNDING TO THE PROJECT IN THE FORM OF A LOAN; PROVIDING FOR AN EFFECTIVE DATE. Sponsor(s): Commissioner Damian Pardo City of Miami Page 1 of 2 Printed on: 8/14/2025 Notes: City of Miami Master Report City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Enactment Number: R-25-0064 Pursuant to the resolution, this item became effective immediately upon adoption by the Commission. Links: Attachments: 16840 Exhibit A SUB (PDF) 16840 Exhibit B (PDF) 16840 Exhibit C (PDF) 16840 Notice to the Public (PDF) 16840 Substitution Memo from City Attorney (PDF) 16840 Legislation -SUB (PDF) History of Legislative File: Revision: Acting Body: Date: Action: Result: Legislative Division Donovan Dawson Marie Gouin Raymond Pereira George K. Wysong III City Commission City Commission 2/13/2025 2/13/2025 2/14/2025 2/18/2025 2/18/2025 2/27/2025 2/27/2025 A Legislative Division 3/4/2025 A Raymond Pereira 3/11/2025 A George K. Wysong III 3/13/2025 A City Clerk's Office 3/17/2025 Legislative Division Review Budget Analyst Review Budget Review ACA Review Approved Form and Correctness Meeting ADOPTED WITH MODIFICATION(S) Legislative Division Review ACA Review Approved Form and Correctness with Modification(s) Rendered Completed Completed Completed Completed Completed Completed Passed Completed Completed Completed Completed City of Miami Page 2 of 2 Printed on: 8/14/2025