HomeMy WebLinkAboutR-88-00571
J-87-1076
1/14/88
RESOLUTION NO. HIS 57
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
ACCEPT A $4,650,000 HOUSING DEVELOPMENT GRANT
PROGRAM FROM THE U.S. DEPARTMENT OF HOUSING
AND URBAN DEVELOPMENT FOR THE DEVELOPMENT OF
A ONE HUNDRED TWENTY-FIVE (125) UNIT RENTAL
HOUSING DEVELOPMENT IN THE CITY, AND FURTHER
AUTHORIZING THE CITY MANAGER TO EXECUTE ALL
THE NECESSARY DOCUMENTS IN ORDER TO IMPLEMENT
THE PROGRAM SUBJECT TO APPLICABLE CITY CODE
PROVISIONS.
CITY COMMISSION
MEETING OF
JAN I44 iw
RESOLUTION Na. • 8f 57
REMARKS:
WHEREAS, Section 17 of the United States Housing Act of 1937
was enacted into law in Section 301 of the Housing and Urban
Rural Recovery Act of 1983, establishing the Housing Development
Grant Program; and
WHEREAS, on June 25, 1987 the City Commission through
Resolution 87-620, approved the submission of Housing Development
Grant Program application for Design Management Investments, Inc.
(developer), for the construction of a one hundred twenty-five
unit, Adult Congregate Living Facility; and
WHEREAS, in recognition of the City of Miami's severe
shortage of rental housing affordable to low and moderate income
families and elderly residents, the City was successful in
securing preliminary funding approval from the U.S. Department of
Housing and Urban Development in connection with the City's
application for funding under the Housing Development Grant
Program in the amount of $4,650,000 for the construction of a one
hundred twenty-five unit rental housing development for the
elderly in the City;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The City Manager, as Chief Administrative
Officer for the City of Miami, is hereby authorized to accept a
grant from the U.S. Department of Housing and Urban Development
in the amount of $4,650,000 in connection with the Housing
Development Grant Program for the development of a one hundred
twenty-five (125) unit rental housing development in the City.
Section 2. The City Manager is further authorized to enter
into and execute all the necessary documents in order to
implement the Program subject to applicable City Code provisions.
199-57
PASSED AND ADOPTED this 14th day of January ,
1988.
{ ATTES •
i
=1
MATWHIRAI, CITY CLERK
FINANCE REVIEW:
_ CAR GARCIA, DIRECTOR
FINANCE EPARTMENT
PREPARED AND APPROVED BY:
zgl fw"t '4. &.'
ee-
ROBERT F. CLERK
CHIEF DEPUTY CITY ATTORNEY
APPROVED
CORRECTN
TO FORM AND
- 2 -
i
VIER L. SUA , MAYOR
BUDGETARY REVIEW:
MANOHAR S. SURANA ;
DIRECTOR
MANAGEMENT AND B GET
49g-!;7
68
CITY OF MIAMI. FLORIDA
INTEROFFICE MEMORANDUM
Honorable Mayor and Members
ro. of the City Commission
FROM -Cesar H. Qdlo
City Manager
TIOH:
DATE: IN
iN. Z S 1987 FILE:
Resolution Authorizing
""'City Manager to Accept
a Federal Grant
REFERENCES: Cl ty Commission Agenda
Item: December 10, 1987
ENCLOSURES:
It is respectively recommended that the City Commission adopt the
attached resolution authorizing the City Manager to accept a grant
j in the amount of $4,650,000 from the U.S. Department of Housing and
Urban Development in connection with the Housing Development Grant
Program for the construction of a one hundred twenty-five (125)
unit rental housing development in the City. The proposed
resolution further authorizes the City Manager to execute all the
necessary documents required in order to implement the Program.
BACKGROUND:
The Housing Conservation and Development Agency recommends
ratification of the attached resolution. The attached resolution
enables the City Manager to accept a grant in the amount of
$406501,000 from the U.S. Department of Housing and Urban
Development under the Housing Development Grant Program for the
construction of a one hundred twenty-five (125) unit rental housing
development in the City.
In May of 19870 the U.S. Department of Housing and Urban
Development announced the availability of $99,550,000 in funding
under the Housing Development Grant Program. Through the Housing
Development Grant Program, U.S. HUD provides financial assistance
to local governments to assist in financing construction or
rehabilitation of rental housing units. Housing Development Grant
Program funds may be used to provide grants, loans, interest
reduction payments or other forms of assistance to developers for
the construction or substantial rehabilitation of rental housing in
which at least twenty percent (20%) of the units wall be occupied
by lower income households.
On June 25, 1987, the City Commission, through Resolution No. 87-
620, authorized the submission of an application for federal
assistance under the Housing Development Grant Program for the
construction of a one, hundred twenty-five unit Adult Congregate
Living Facility.
6g -1
88-S dP
Resolution Authorizing City Manager to
Accept a Federal Grant
Page - 2 -
Subsequently, in September of 1987, the City was notified that its
application for federal assistance in the amount of $4,6501000 had
received preliminary funding approval from U.S. HUD.
The HODAG award will be used to provide a low interest construction
loan to Design Management VII Associates, the developer/owner of the
proposed fourteen (14) story, one hundred twenty-five unit Adult
Congregate Living Facility to be developed in west Miami. The
proposed project, Residential Plaza at Blue Lagoon, will be
constructed on a 1.5 acre site located at Northwest 7th Street and
57th Avenue.
In order to move this project forward, it is recommended that the
City Commission approve the attached resolution which authorizes the
City Manager to accept the grant award and to execute all the
necessary documents required to implement the Program.
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