HomeMy WebLinkAboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM
File ID: #17600
Date: 05/06/2025
Commission Meeting Date: 06/17/2025
Requesting Department: Department of
Housing and Community Development
Sponsored By: Joe Carollo
District Impacted: District 3
Type: Resolution
Subject: Authorize - Transfer CDBG ED Funds — DREAM
Purpose of Item:
AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT
("CDBG") FUNDS IN THE AMOUNT OF $2,376,559.00, FROM PREVIOUS YEARS
ECONOMIC DEVELOPMENT CATEGORY, FROM DISTRICT 3 TO THE
DEPARTMENT OF REAL ESTATE AND ASSET MANAGEMENT FOR THE
ACQUISITION OF REAL PROPERTY LOCATED AT 939 SW 8 STREET, 955 SW 8
STREET, 965 SW 8 STREET, 922 SW 7 STREET, MIAMI, FLORIDA, AS DESCRIBED
IN EXHIBIT "A", ATTACHED AND INCORPORATED, FOR THE DEVELOPMENT OF
AFFORDABLE HOUSING; FURTHER AUTHORIZING THE CITY MANAGER TO
NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS,
INCLUDING AMENDMENTS AND MODIFICATIONS, ALL IN FORMS ACCEPTABLE
TO THE CITY ATTORNEY, FOR SAID PURPOSE.
Background of Item:
There is an unexpended amount of $2,376,559.00 from previous year's CDBG
economic development category, in District 3 that needs to be reallocated.
There is a need to transfer these funds to the Department of Real Estate and Asset
Management ("DREAM") to be utilized for the acquisition of the real property located at
939 SW 8 Street, 955 SW 8 Street, 965 SW 8 Street, 922 SW 7 Street, Miami, Florida,
(collectively, "Property"), for the purpose of developing affordable housing.
Specifically, the "Property" will be utilized for the development of affordable housing for
eligible low to moderate income residents in the City of Miami.
The City's Administration recommends the transfer of CDBG funds, from District 3 in the
amount of $2,376,559.00 from previous years economic development category to
DREAM for the acquisition of the "Property" for the development of affordable housing.
Budget Impact Analysis
Item is NOT Related to Revenue
Item is an Expenditure
Item is NOT funded by Bonds
Total Fiscal Impact:
Total Fiscal Impact: $2,376,559.00
Reviewed B
Department of Housing and Community Development
Review Completed 05/06/2025 2:58 PM
Office of Management and Budget Luis Hernandez -Torres
Office of Management and Budget
City Manager's Office
City Manager's Office
City Manager's Office
Legislative Division
Office of the City Attorney
Office of the City Attorney
City Commission
City Commission
Office of the Mayor
Office of the City Clerk
Office of the City Clerk
Marie Gouin
Larry M. Spring
Natasha Colebrook -Williams
Arthur Noriega V
Valentin J Alvarez
Raymond Pereira
George K. Wysong III
Nicole Ewan
Maricarmen Lopez
Mayor's Office
City Clerk's Office
City Clerk's Office
Victor Turner
Department Head
Budget Analyst Review Completed 05/07/2025 7:27 AM
Budget Review Completed 05/07/2025 8:51 AM
Assistant City Manager Review Completed 05/08/2025 10:05 AM
Deputy City Manager Review Completed 05/08/2025 11:11 AM
City Manager Review Completed 05/08/2025 6:06 PM
Legislative Division Review Completed 05/14/2025 11:27 AM
ACA Review Completed 05/27/2025 5:02 PM
Approved Form and Correctness Completed 06/03/2025 1:46 PM
Meeting Completed 06/12/2025 9:00 AM
Meeting Completed 06/17/2025 9:00 AM
Signed by the Mayor Completed 06/25/2025 2:34 PM
Signed and Attested by the City Clerk Completed 06/25/2025 2:55 PM
Rendered Completed 06/25/2025 2:55 PM
City of Miami
Legislation
Resolution
Enactment Number: R-25-0190
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 17600 Final Action Date:6/17/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING THE TRANSFER OF COMMUNITY DEVELOPMENT BLOCK GRANT
("CDBG") FUNDS IN THE AMOUNT OF $2,376,559.00, FROM PREVIOUS YEARS
ECONOMIC DEVELOPMENT CATEGORY, FROM DISTRICT 3, TO THE
DEPARTMENT OF REAL ESTATE AND ASSET MANAGEMENT FOR THE
ACQUISITION OF REAL PROPERTY LOCATED AT 939 SOUTHWEST 8 STREET,
955 SOUTHWEST 8 STREET, 965 SOUTHWEST 8 STREET, 922 SOUTHWEST 7
STREET, MIAMI, FLORIDA, AS DESCRIBED IN EXHIBIT "A," ATTACHED AND
INCORPORATED, FOR THE DEVELOPMENT OF AFFORDABLE HOUSING;
FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE
ANY AND ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS AND
MODIFICATIONS, ALL IN FORMS ACCEPTABLE TO THE CITY ATTORNEY, FOR
SAID PURPOSE.
WHEREAS, there is an unexpended amount of $2,376,559.00 from previous year's
Community Development Block Grant ("CDBG") funds from the economic development
category from District 3 that need to be reallocated; and
WHEREAS, there is a need to transfer these funds to the Department of Real Estate and
Asset Management ("DREAM") to be utilized for the acquisition of the real property located at
939 Southwest 8 Street, 955 Southwest 8 Street, 965 Southwest 8 Street, 922 Southwest 7
Street, Miami, Florida (collectively, "Property"), for the purpose of developing affordable housing
for eligible low to moderate income residents in the City of Miami ("City"); and
WHEREAS, the City's Administration recommends the transfer of CDBG funds from
District 3, in the amount of $2,376,559.00 from previous years economic development category
to DREAM for the acquisition of the Property for the development of affordable housing;
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. The transfer of CDBG economic development funds, from District 3, in the
amount of $2,376,559.00 from previous years economic development category to DREAM for
the acquisition of the Property for the development of affordable housing, as described in Exhibit
"A", attached, and incorporated, is authorized.'
Section 3. The City Manager is authorized to negotiate and execute any and all
documents, including amendments and modifications in a form acceptable to the City Attorney,
for said purpose.
Section 4. This Resolution shall become effective immediately upon its adoption and
signature of the Mayor.2
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy ng III, C y ttor -y 6/3/2025
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed by the City Attorney, including but not limited to, those prescribed by applicable City Charter and
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.