HomeMy WebLinkAboutR-25-0189City of Miami
Resolution R-25-0189
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 17698 Final Action Date: 6/17/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
RESCINDING RESOLUTION NO. R-23-0300, ADOPTED JULY 13, 2023, AND
SUBSTITUTING IN LIEU THEREOF 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 ATTACHMENT "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 18-85(A)
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 YAEGER PLAZA PARTNERS, LLC., ("DEVELOPER") ON
THE CITY -OWNED PARCEL OF LAND LOCATED AT 1199 NORTHWEST 62
STREET, MIAMI, FLORIDA, AS MORE PARTICULARLY DESCRIBED IN
ATTACHMENT "A," ATTACHED AND INCORPORATED, FOR THE
DEVELOPMENT OF A AFFORDABLE RENTAL HOUSING PROJECT;
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, FOR SAID PURPOSE.
SPONSOR(S): Commissioner Christine King
WHEREAS, on March 28, 2022, the Yaeger Plaza Partners, LLC. ("Developer")
submitted to the City of Miami ("City") a Letter of Request for the development of an affordable
rental housing project ("Project") located at 1199 Northwest 62 Street, Miami, Florida ("Parcel"),
as legally described in Attachment "A," attached and incorporated, for the development of an
affordable rental housing project; and
WHEREAS, the proposed development of the Parcel will provide one hundred thirty-five
(135) units for individuals and families whose income is greater than twenty-two percent (22%)
of Annual Median Income ("AMI") and does not exceed eighty percent (80%) of AMI; and
WHEREAS, the Project will consist of studios, 1 and 2 bedroom units, ground floor retail
space, and house the Yaeger's Clinic which will provide affordable primary health care for low
to moderate income persons; and
City of Miami Page 1 of 3 File ID: 17698 (Revision:) Printed On: 8/25/2025
File ID: 17698 Enactment Number: R-25-0189
WHEREAS, on July 13, 2023, the City adopted Resolution No. R-23-0300, which
authorized the conveyance of the Parcel to the Developer; and
WHEREAS, at the request of the Developer, the City is rescinding Resolution No. R-23-
0300, and it is now the intent of the Developer and the City for the Project to be developed as
an affordable rental housing project for low to moderate income persons on the Parcel under a
ninety-nine (99) years ground lease ("Lease"); and
WHEREAS, on July 19, 2023, and as affirmed on September 26, 2023, and again on
October 29, 2024, the City's Housing and Commercial Loan Committee approved awarding
Three Million and 00/100 Dollars ($3,000,00.00) in Miami Forever Limited Ad Valorem Bonds
funds ("MFB Funds") for the Development of the Project; and
WHEREAS, the allocation of MFB Funds to support the development of the Project
remain unchanged; 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. Resolution No. R-23-0300 adopted by the Miami City Commission on July
13, 2023, is hereby rescinded.
Section 3. By a four -fifths (4/5ths) affirmative vote, after an advertised public hearing,
the City Manager's determinations, finding, and recommendations, attached and incorporated
as Attachment "B," pursuant to Sections 29-B(a) of the City Charter and Section 18-85(a) of the
Code of the City of Miami, Florida, as amended, are ratified, approved, and confirmed and the
City Commission hereby waives the requirements for said procedures.
City of Miami Page 2 of 3 File ID: 17698 (Revision:) Printed on: 8/25/2025
File ID: 17698 Enactment Number: R-25-0189
Section 4. The City Manager is authorized' to negotiate and execute a ninety-nine (99)
years ground lease agreement, between the City and Developer for the City -owned Parcel, as
legally described in Attachment "A," attached and incorporated, for the development of
affordable rental housing project.
Section 5. 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 6. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
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.
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: 17698 (Revision:) Printed on: 8/25/2025