HomeMy WebLinkAboutMaster ReportCity of Miami
Master Report
Enactment Number: R-26-0280
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 19423 File Type: Resolution
Revision:
File Name: Approve - Amended to Disbursement Agrmnt -
Essence MIA
Status: ADOPTED
Controlling Body: City Commission
Introduced: 6/6/2026
Requesting Dept: Department of Housing and Community Final Action Date: 6/25/2026
Development
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
AUTHORIZING AN AMENDMENT TO THE LOAN DOCUMENTS AND DISBURSEMENT
AGREEMENT, ATTACHED AND INCORPORATED AS EXHIBIT "A, AS DESCRIBED
HEREIN, FOR THE AFFORDABLE HOUSING PROJECT KNOWN AS "ESSENCE
MIAMI," LOCATED AT 829 SOUTHWEST 8TH STREET, 845 SOUTHWEST 8TH
STREET, AND 847 SOUTHWEST 8TH STREET, MIAMI, FLORIDA ("PROJECT");
AUTHORIZING MODIFICATIONS TO THE DISBURSEMENT REQUIREMENTS FOR
FUNDING THE PROJECT, INCLUDING THE REMOVAL OF THE DEVELOPER
CONTRIBUTION PERCENTAGE REQUIREMENT, AND AUTHORIZING
REIMBURSEMENT OF ELIGIBLE INCURRED PROJECT COSTS FROM PREVIOUSLY
APPROVED FUNDS TO ACCELERATE THE COMPLETION OF PROJECT
CONSTRUCTION; SUBJECT TO COMPLIANCE WITH THE CITY'S DEPARTMENT OF
HOUSING AND COMMUNITY DEVELOPMENT GUIDELINES, THE RECEIPT BY THE
CITY MANAGER OF THE WRITTEN APPROVAL OF THE MODIFICATION 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;
SUCH MODIFICATION TO BE IN COMPLIANCE WITH ALL APPLICABLE FEDERAL,
STATE OF FLORIDA, LOCAL, AND CITY LAWS, RULES, AND REGULATIONS FOR
AFFORDABLE HOUSING PROJECTS, INCLUDING BUT NOT LIMITED TO THE CITY'S
SEVEN (7) AFFORDABLE HOUSING BONDS PROJECTS STRATEGIES, AND THE
MIAMI FOREVER AFFORDABLE HOUSING LIMITED AD VALOREM BONDS
(COLLECTIVELY, "LAWS"); SUBJECT TO THE RECEIPT BY THE CITY MANAGER OF
THE HCLC APPROVALS; FURTHER AUTHORIZING THE CITY MANAGER TO
NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, INCLUDING
AMENDMENTS, EXTENSIONS, AND MODIFICATIONS, ALL IN FORMS ACCEPTABLE
TO THE CITY ATTORNEY, SUBJECT TO COMPLIANCE WITH ALL LAWS AND
SUBJECT TO THE DEVELOPER FULFILLING ALL OF THE TERMS AND CONDITIONS
TO BE SET FORTH IN THE HCLC APPROVALS, IN ORDER TO APPROVE THE
AMENDMENT TO THE LOAN DOCUMENTS FOR THE PROJECT; PROVIDING FOR
AN EFFECTIVE DATE.
Sponsor(s): Commissioner Rolando Escalona
Notes: Pursuant to the resolution, this item became effective immediately upon adoption by the
Commission.
Links:
Attachments: 19423 Exhibit A (PDF)
19423 Notice to the Public (PDF)
City of Miami Page 1 of 2 Printed on: 7/6/2026
City of Miami
Master Report
Enactment Number: R-26-0280
History of Legislative File:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Revision: Acting Body:
Date:
Action:
Result:
Victor Turner
Luis Hernandez -Torres
Marie Gouin
Erica T. Paschal
Natasha Colebrook -Williams
Legislative Division
Raymond Pereira
Xavier Alban
George K. Wysong III
City Commission
City Commission
City Clerk's Office
6/10/2026
6/10/2026
6/10/2026
6/10/2026
6/10/2026
6/11/2026
6/15/2026
6/15/2026
6/15/2026
6/25/2026
6/25/2026
6/26/2026
Department Head Review
Budget Analyst Review
Budget Review
Assistant City Manager Review
Approved on behalf of the City
Manager
Legislative Division Review
ACA Review
Deputy Attorney Review
Approved Form and
Correctness
Meeting
ADOPTED
Rendered
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Passed
Completed
City of Miami Page 2 of 2 Printed on: 7/6/2026