HomeMy WebLinkAboutR-25-0528City of Miami
Resolution R-25-0528
Legislation
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18570 Final Action Date: 12/11/2025
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED
PUBLIC HEARING, PURSUANT TO SECTION 29-B(A) OF THE CHARTER OF
THE CITY OF MIAMI, FLORIDA, AS AMENDED, AND SECTION 18-72(B) OF
THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED,
AUTHORIZING THE SALE, WITH AFFORDABLE HOUSING RESTRICTIONS
AND AUTOMATIC REVERTER PROVISIONS, SUBJECT TO ALL CONDITIONS
PRECEDENT REQUIRED BY THE CITY MANAGER, HOUSING AND
COMMUNITY DEVELOPMENT DEPARTMENT, INCLUDING OBTAINING
TITLE OF THE PROPERTIES, OF THE PROPERTIES APPROXIMATELY
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, IN COMPLIANCE WITH ANY APPLICABLE
FUNDING REQUIREMENTS, AND ANY OTHER APPLICABLE FEDERAL,
STATE, AND LOCAL LAWS, RULES, AND REGULATIONS; AUTHORIZING
THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL
NECESSARY DOCUMENTS, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, FOR SAID PURPOSE.
SPONSOR(S): Commissioner Joe Carollo
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) (collectively, the
"Properties"), situated in the culturally significant Little Havana neighborhood; and
WHEREAS, N.R. 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; and
WHEREAS, the proposed development includes approximately 114 residential units,
along with ground -floor retail and structured parking ("Project"), of which approximately 80
residential units will be designated as affordable and workforce housing units, which shall be
occupied by families whose annual income range from up to 60%, 100%, and 120% of Area
Median Income ("AMI"), as published annually by the United States Department of Housing and
Urban Development ("Qualified Applicants"), in compliance with any applicable funding
requirements; and
City of Miami Page 1 of 3 File ID: 18570 (Revision:) Printed On: 1/8/2026
File ID: 18570 Enactment Number: R-25-0528
WHEREAS, the Project is designed to comply with Ordinance No. 13114, the Zoning
Ordinance of the City of Miami, Florida, as amended ("Miami 21 Code") 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; and
WHEREAS, the affordable housing restrictions and automatic reverter provisions
contained in the conveying instrument(s) shall require that the Properties automatically revert to
the City if the Properties are used in a manner that is inconsistent with the requirements of the
Programs during the thirty (30) year term; and
WHEREAS, Section 29-B(a) of the of the Charter, provides for the waiver of competitive
bidding and other requirements and when "conveying property to implement housing programs
or projects which are intended to benefit persons or households with low and/or moderate
income, the criteria of which to be provided for the federal and/or state law or by the city
commission"; and
WHEREAS, the City's Administration recommends the sale, with affordable housing
restrictions and 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 Properties to NR Investment, in compliance with any applicable funding requirements and
the City's Programs;
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. By a four -fifths (4/5ths) affirmative vote, after an advertised public hearing,
pursuant to Section 29-B(a) of the City Charter and Section 18-72(B) of the Code of the Miami,
Florida, as amended ("City Code"), the sale, with affordable housing restriction and an
automatic reverter provision, to facilitate the development of the Project, contingent upon the
fulfillment of all agreed -upon conditions precedent and the City's acquisition of the Properties, of
City of Miami Page 2 of 3 File ID: 18570 (Revision:) Printed on: 1/8/2026
File ID: 18570 Enactment Number: R-25-0528
the Properties to NR Investment, in compliance with any applicable funding requirements and
the City's Program, is authorized.
Section 3. The City Manager is authorized' to negotiate and execute the any and all
necessary documents in forms 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, 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: 18570 (Revision:) Printed on: 1/8/2026