HomeMy WebLinkAboutAgenda Item Cover PageAGENDA ITEM COVER PAGE
File ID: #18510
Resolution
Sponsored by: Commissioner Joe Carollo
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING AND
DIRECTING THE CITY MANAGER TO TRANSFER, BY SEPARATE RESOLUTION
AND PURSUANT TO SECTION 29-B(A) OF THE CHARTER OF THE CITY OF MIAMI,
FLORIDA, AS AMENDED ("CITY CHARTER"), WITH AUTOMATIC REVERTER
PROVISIONS, SUBJECT TO ALL CONDITIONS PRECEDENT REQUIRED BY THE
CITY MANAGER, HOUSING AND COMMUNITY DEVELOPMENT DEPARTMENT,
INCLUDING OBTAINING TITLE OF THE PROPERTIES, THE CITY OF MIAMI
OWNED PARCELS OF LAND AND ALL IMPROVEMENTS THEREON LOCATED AT
1340 SOUTHWEST 8TH STREET AND 825 SOUTHWEST 13TH COURT, MIAMI,
FLORIDA, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT "A," ATTACHED AND
INCORPORATED, TO N.R. INVESTMENTS, INC, A FLORIDA PROFIT
CORPORATION ("DEVELOPER"), FOR THE REDEVELOPMENT OF THE PARCEL
FOR AFFORDABLE AND/OR WORKFORCE HOUSING.
City of Miami
Legislation
Resolution
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18510 Final Action Date:11/20/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING AND
DIRECTING THE CITY MANAGER TO TRANSFER, BY SEPARATE RESOLUTION
AND PURSUANT TO SECTION 29-B(A) OF THE CHARTER OF THE CITY OF MIAMI,
FLORIDA, AS AMENDED ("CITY CHARTER"), WITH AUTOMATIC REVERTER
PROVISIONS, SUBJECT TO ALL CONDITIONS PRECEDENT REQUIRED BY THE
CITY MANAGER, HOUSING AND COMMUNITY DEVELOPMENT DEPARTMENT,
INCLUDING OBTAINING TITLE OF THE PROPERTIES, THE CITY OF MIAMI
OWNED PARCELS OF LAND AND ALL IMPROVEMENTS THEREON LOCATED AT
1340 SOUTHWEST 8TH STREET AND 825 SOUTHWEST 13TH COURT, MIAMI,
FLORIDA, AS MORE PARTICULARLY DESCRIBED IN EXHIBIT "A," ATTACHED AND
INCORPORATED, TO N.R. INVESTMENTS, INC, A FLORIDA PROFIT
CORPORATION ("DEVELOPER"), FOR THE REDEVELOPMENT OF THE PARCEL
FOR AFFORDABLE AND/OR WORKFORCE HOUSING.
WHEREAS, pursuant to Resolution No. R-25-0429, the City Manager was authorized to
obtain fee simple ownership of the parcels located at 1340 Southwest 8th Street (Folio No. 01-
4111-013-0510) and 825 Southwest 13th Court (Folio No. 01-4111-013-0500), situated in the
culturally significant Little Havana neighborhood; and
WHEREAS, NR Investments, Inc., a Florida Profit Corporation ("NR Investments"), has
submitted a proposal pursuant to Section 29-B of the Charter of the City of Miami, Florida, as
amended for the development of a mixed -income, mixed -use residential project on the
aforementioned parcels;
WHEREAS, the proposed development includes approximately 105 residential units, of
which approximately 75 will be designated as affordable and workforce housing units serving
households at 60%, 100%, and 120% of Area Median Income ("AMI"), along with ground -floor
retail and structured parking ("Project"); and
WHEREAS, the Project is designed to comply with Miami 21 zoning regulations and
sustainable development; and
WHEREAS, the proposed development seeks to provide significant public benefit by
addressing the City's critical need for affordable and workforce housing, particularly for essential
workers such as teachers, nurses, police officers, and firefighters; and
WHEREAS, NR Investments has demonstrated a successful track record of delivering
high -quality affordable housing projects through public -private partnerships, including UNI
Tower, UNI+DOS Building; and
WHEREAS, the City has determined that the conveyance of the subject parcels to NR
Investments, upon satisfaction of all condition precedents including but not limited to acquisition
of the property by the City, final site plan approval, financing commitments, and execution of a
development agreement, is in the public interest and consistent with the City's goals for
equitable housing and neighborhood revitalization; and
WHEREAS, the City desires to eventually transfer the property to NR Investments in fee
simple title with automatic reverter provisions, to facilitate the development of the project,
contingent upon the fulfillment of all agreed -upon conditions precedent and the City's acquisition
of the property;
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 City Manager is authorized and directed to transfer, by separate
resolution and pursuant to Section 29-B(a) of the Charter of the City of Miami, Florida, as
amended, with automatic reverter provisions and subject to all conditions precedent required by
the City Manager, Housing and Community Development Department, including obtaining title
of the properties by the City, the City -owned parcel of land and all improvements thereon
located at 1340 Southwest 8th Street and 825 Southwest 13th Court, Miami, Florida, as more
particularly described in Exhibit "A," attached and incorporated, to NR Investments, for the
redevelopment of the parcel for affordable and/or workforce housing.
Section 3. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS: