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HomeMy WebLinkAboutR-25-0296City of Miami Resolution R-25-0296 Legislation City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 17760 Final Action Date: 7/24/2025 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), ALLOCATING ADDITIONAL FUNDS, USING THE SALE PROCEEDS INCOME GENERATED FROM THE SALES OF INFILL TWIN/SINGLE FAMILY HOME UNITS LOCATED IN DISTRICT 5, IN THE AMOUNT OF $313,778.00 TO COVER ADDITIONAL PROJECT COSTS, AS SPECIFIED IN EXHIBIT "A," ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS, RENEWALS, EXTENSIONS, AND MODIFICATION, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. SPONSOR(S): Commissioner Christine King WHEREAS, on April 1, 2021, the City of Miami ("City") issued a Request for Proposals ("RFP") inviting qualified private real estate developers to propose developments of single- family homes and/or twin homes on certain City -owned parcels of land (collectively, "Project"); and WHEREAS, on July 8, 2021, pursuant to Resolution No. R-21-0281, the City Commission accepted the proposals received May 17, 2021, pursuant to RFP No. HCD 2021- 03, from RJ Spencer and RF Construction Group; and WHEREAS, on September 13, 2021, pursuant to Resolution No. R-21-0352, the City Commission approved the allocation of American Rescue Plan Act of 2021 ("ARPA") funds in the amount of $137,639,417.00, which included an amount of $15,500,000.00 to the Department of Housing and Community Development ("Department"); and WHEREAS, the allocation to the Department included an amount of Two Million, Seven Hundred Fifty Thousand and 00/100 Dollars ($2,750,000.00) to establish a pipeline of new construction affordable housing projects, in which the Department would hire several developers to construct four (4) single family homes in District 4 and another six (6) homes in District 5 with the potential to add more; and WHEREAS, on January 11, 2024, pursuant to Resolution No. R-24-0009, the City Commission allocated an initial $1,000,000.00 from the total $2,750,000.00 allocated in R-21- 0352 to develop single family and twin homes in District 5; and WHEREAS, pursuant to Resolution No. R-24-0259, adopted on July 11, 2024, the City Commission approved the allocation of additional ARPA funds from the Department of Housing and Community Development, in an amount of $952,000.00 for the development of single family and twin homes projects, in District 5; and WHEREAS, on March 2025, RJ Spencer and RF Construction Group (collectively, "Developers") informed the City that the project's actual cost surpassed its original budget due City of Miami Page 1 of 2 File ID: 17760 (Revision:) Printed On: 8/14/2025 File ID: 17760 Enactment Number: R-25-0296 to unforeseen events, specifically, economic fluctuations, supply chain issues, and changes in labor costs; and WHEREAS, City's Administration recommends the allocation of additional funds, using the sale proceeds income generated from the sales of infill twin/single family home units located in District 5, in the amount of $313,778.00 to cover the additional project costs, as specified in Exhibit "A," attached and incorporated; 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 allocation of additional funds, using the sale proceeds income generated from the sales of infill twin/single family home units located in District 5, in the amount of $313,778.00 to cover the additional project costs, as specified in Exhibit "A," attached and incorporated, is authorized. Section 3. The City Manager is authorized' to execute any and all necessary documents, in a form acceptable to the City Attorney, for said purpose. Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: City of Miami Page 2 of 2 File ID: 17760 (Revision:) Printed on: 8/14/2025