HomeMy WebLinkAboutR-25-0190City of Miami
Resolution R-25-0190
Legislation
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.
SPONSOR(S): Commissioner Joe Carollo
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.
City of Miami Page 1 of 2 File ID: 17600 (Revision:) Printed On: 8/25/2025
File ID: 17600 Enactment Number: R-25-0190
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:
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.
City of Miami Page 2 of 2 File ID: 17600 (Revision:) Printed on: 8/25/2025