HomeMy WebLinkAboutExhibit BCITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
TO Emilio T. Gonzalez, PhD. DATE : June 27, 2018 FILE
City Manager
SUBJEGT :
Sell the City of Miami Owned
-y` Parcel to YOLO Miami, LLC.
FROM : .: `li/lensah, Director REFERENCES:
epartment of Community and
Economic Development ENCLOSURES:
BACKGROUND
On August 4, 2017, YOLO Miami, LLC ("YOLO") submitted a Letter of Interest to the
Department of Community and Economic Development with an offer to purchase a City of
Miami owned parcel of land located at 1812 Northwest 2 Avenue, Miami, Florida, as more
particularly described in Exhibit "A," attached an incorporated ("Property'), for Twenty -Five
Thousand Dollars ($25,000.00) for the construction of affordable housing.
YOLO is the owner of an adjacent lot located at 1818 Northwest 2 Avenue, Miami, Florida.
Each lot is approximately 1,875 square feet and based on Ordinance No. 13114, as amended,
the Zoning Ordinance of the City of Miami, Florida, neither lot is buildable individually due to
their limited size.
The Property will be sold subject to the following restrictions: (i) the units must maintain a
designation as affordable housing for thirty (30) years and (ii) the Property shall only be used for
affordable housing for low income families, as defined in the HOME Investment Partnership
Program Regulation, 24 C.F.R Part 92.
RECOMMENDATION
In light of the above stated, approval of a waiver of the formal requirements of competitive
sealed bidding methods as not being practicable or advantageous to the City as set forth in the
City Code of Ordinance, as amended, specifically Section 18-85 (A), and the affirmation of
these written findings and the forwarding of the same to the City Commission for ratification by a
four-fifths vote is respectfully requested.
CED18057