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HomeMy WebLinkAboutMaster ReportCity of Miami Master Report Enactment Number: R-26-0129 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 18949 Revision: File Type: Resolution File Name: PBTF Allocation - Carver Theater Redevelopment Project 6016 NW 7th Ave Miami, FL 33127 Requesting Dept: Commissioners and Mayor Status: ADOPTED Controlling Body: City Commission Introduced: 2/19/2026 Final Action Date: 3/12/2026 Title: A RESOLUTION OF THE MIAMI CITY COMMISSION AUTHORIZING THE CITY MANAGER TO ALLOCATE FIVE MILLION, THREE HUNDRED THOUSAND AND 00/100 DOLLARS ($5,300,000.00) PURSUANT TO SECTION 62-642 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED ("CITY CODE"), UPON THE CITY MANAGER'S RECOMMENDATION, FROM THE PUBLIC BENEFITS TRUST FUND, ACCOUNT NO. 10095, TO THE AFFORDABLE HOUSING TRUST FUND, ACCOUNT NO. 14008.910101.4810000.0000.00000; APPROPRIATING IN AN AMOUNT NOT TO EXCEED FIVE MILLION, THREE HUNDRED THOUSAND AND 00/100 DOLLARS ($5,300,000.00) FROM THE AFFORDABLE HOUSING TRUST FUND TO BE USED FOR THE DEVELOPMENT OF AFFORDABLE HOUSING LOCATED AT 6016 NORTHWEST 7TH AVENUE, MIAMI, FLORIDA 33136, ALSO KNOWN AS CARVER THEATER, PURSUANT TO A LOAN AGREEMENT OR SIMILAR AGREEMENT AND SUBJECT TO AFFORDABILITY RESTRICTIONS, SUBJECT TO COMPLIANCE WITH THE CITY OF MIAMI'S ("CITY") DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT GUIDELINES, THE RECEIPT BY THE CITY MANAGER OF THE WRITTEN APPROVAL OF THE PROJECT BY THE CITY'S HOUSING AND COMMERCIAL LOAN COMMITTEE ("HCLC"), AND SUBJECT TO THE TERMS, CONDITIONS, AND RESTRICTIONS CONTAINED IN THE HCLC APPROVAL (COLLECTIVELY, "HCLC APPROVAL"), AND ALL FEDERAL, STATE, AND LOCAL LAWS THAT REGULATE THE USE OF SUCH FUNDS FOR SAID PURPOSE; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE. Sponsor(s): Notes: Commissioner Christine King Links: Attachments: History of Legislative File: Revision: Acting Body: Date: Action: Result: Leon P Michel Legislative Division Amber Ketterer Xavier Alban George K. Wysong III City Commission 3/3/2026 3/3/2026 3/3/2026 3/3/2026 3/3/2026 3/12/2026 Budget Review Legislative Division Review ACA Review Deputy Attorney Review Approved Form and Correctness Meeting Completed Completed Completed Completed Completed Completed City of Miami Page 1 of 2 Printed on: 4/6/2026 City Commission Mayor's Office City Clerk's Office City Clerk's Office City of Miami Master Report City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com Enactment Number: R-26-0129 3/12/2026 ADOPTED Passed 3/12/2026 Signed by the Mayor Completed 3/12/2026 Signed and Attested by the City Completed Clerk 3/12/2026 Rendered Completed City of Miami Page 2 of 2 Printed on: 4/6/2026