LTC 192-2003
..
CITY OF MIAMI BEACH
Office of the City Manager
Letter to Commission No. j?Jo1:::2m3
m
From:
Mayor David Dermer and Date: August 15, 2003
Members of the City Commission
Jorge M. Gonzalez a ~
City Manager .
FINANCIAL INCENTIV S SEMINAR FOR REHABILITATION OF MiMo BUILDINGS
To:
Subject:
This LTC is to inform you about as well as to invite you to the seminar the Planning
Department is hosting on financial incentives for the rehabilitation of multifamily residential
properties. The seminar is scheduled for Thursday, September 11 , 2003 from 8:30 AM to
11 :00 AM in the first floor conference room. In addition, the Planning Department is co-
sponsoring with the National Park Service (NPS) a national conference on Tax Incentives
for Developing Historic Properties to be held October 16 - 17, 2003 at the Loews Hotel.
Please see the attachments.
As you know, one of the goals ofthe North Beach Master Plan is to improve the residential
neighborhoods in North Beach. To this end we are promoting the renovation of existing
rental apartment buildings built from 1945 through 1965, which are predominantly of the
Post War Modern (MiMo) style of architecture. Research by Planning Staff has indicated
that multifamily residential areas of North Beach are eligible for listing in the National
Register of Historic Places. This designation would enable these apartment building
owners to take advantage of a variety of important financial incentives to upgrade their
properties.
We are inviting approximately 200 apartment building owners in North Beach to the
September 11 seminar. This represents only about 20% of the total number of apartment
buildings in North Beach. However, we thought it most effective for our first seminar to
keep the audience relatively small. We are also inviting developers, investors, and other
real estate professionals.
We welcome your suggestions and any assistance you may be able to provide on how to
reach out to others who may benefit from this seminar. You may choose to provide us with
additional names and addresses or send out invitations under your own letterhead.
JMG\ckIfC\JGG\JAM\KMH
C: Christina M. Cuervo, Assistant City Manager
Kevin Crowder, Economic Development Division Director
Joyce A. Meyers, North Beach Planning Coordinator
F:\PLAN\$ALL\Neighborhood\L TC fin incent seminar 9.11.03.doc
..
CITY OF MIAMI BEACH
1700 Convention Center Drive, Miami Beach, Florida 33139
www.miamibeachfl.Qov
Planning Department
Telephone (305) 673-7550
Facsimile (305) 673-7559
August 13, 2003
Dear Property Owner:
Do you own any rental apartment buildings in North Beach? If
so, how would you like to make the most of your investment?
Please read on!
The City of Miami Beach Planning Department and the North Beach
Development Corporation (NBDC) have been working on a master plan
for North Beach. The plan will be discussed in community meetings to
be held in the near future. You will be notified. For more on the
master plan please visit the website www.gonorthbeach.com.
One of the master plan goals is to turn the residential neighborhoods
in North Beach into more desirable places to live. To this end the City
is promoting renovation of the existing rental housing built
predominantly from 1945 through 1965. Multifamily residential areas
of North Beach are eligible for listing in the National Register of
Historic Places. This designation would enable you, the property
owner, to take advantage of a variety of important financial
incentives to upgrade your rental apartment buildings.
We invite you to attend a free seminar to learn how you can
use these tools. Please see the attached flyer. If you have any
questions, please call Joyce Meyers or Katia Hirsh at (305) 673-7550.
We hope to see you there!
Sincerely,
jgg/jam/kmh
F:\PLAN\$ALL\Neighborhood\Finan Incent Rehab seminar inv prop own.doc
CITY OF MIAMI BEACH
1700 Convention Center Drive, Miami Beach, Florida 33139
www.miamibeachfl.Qov
Planning Department
Telephone (305) 673-7550
Facsimile (305) 673-7559
INCENTIVES FOR REHABILITATING POST-WAR MODERN
(MiMo) RENTAL APARTMENT BUILDINGS
(A FREE SEMINAR)
Now is the time to learn how you can maximize
your apartment building investment!
Find out about underutilized financing tools for upgrading
older properties!
Don't miss this unique opportunity to hear experts in the field explain how
tax credits and other incentives can work to help make rehabilitation of
multifamily residential properties more financially attractive!
An actual property in North Beach will be used as an example.
If you're a property owner, developer, or investor you can't afford not
to be there!
DATE:
Thursday, September 11,2003
TIME:
8:30AM -11:00AM
PLACE:
City Hall
1700 Convention Center Drive
1 st Floor Conference Room
Miami Beach
NAME
BUSINESS NAME
PHONE NO.
EMAIL ADDRESS
Please fax the RSVP form by September 8 to Katia M. Hirsh at (305) 673-7559, or you may
RSVP by email to katiahirshCWmiamibeachfl.Qov. If you have any questions, please call Ms.
Hirsh at (305) 673-7550.
Rental apartment buildings built between 1945 and 1965 in the Post War Modern
style of architecture, known as MiMo, are eligible for listing in the National Register
of Historic Places (NRHP). If an NRHP district is nominated and accepted, rental
apartment building owners in North Beach could take advantage of the following
govern ment incentives:
· The 200/0 federal rehabilitation income tax credit
· The ad valorem county property tax exemption
. The federal income tax charitable deduction for fa~ade easement
donation
· Off-street parking exemptions
· Florida Building Code interpretations
· Life Safety Code interpretations
About the speakers:
Peter Bell. Executive Director The Historic Preservation Development Council
Peter Sell is President of Dworbell, Inc., a Washington, DC-based association management,
lobbying and communications firm. In that capacity, Mr. Sell serves as Executive Director for the
Historic Preservation Development Council, an affiliate of the National Housing & Rehabilitation
Association (NH&RA), and one other national trade association, the National Reverse Mortgage
Lenders Association. Mr. Sell has served on numerous housing industry committees and HUD
task forces and frequently testifies before Congress on housing and tax issues.
The Historic Preservation Development Council (HPDC) is a leadership organization for real
estate developers and professionals engaged in tax-advantaged historic rehabilitation
development. The HPDC was established in early 2001 as an affiliate of the National Housing
& Rehabilitation Association, in partnership with the National Trust for Historic Preservation, the
nation's foremost advocate for historic rehabilitation.
David Reznick. CPA
Mr. Reznick is Chairman of the Soard of Reznick Fedder & Silverman. He established the firm
in 1977 with eight employees, and has been responsible for its growth to four offices with a staff
exceeding 500. He is a nationally known expert in matters relating to multifamily housing
transactions, low-income housing, historic and new markets tax credits, as well as, analysis and
structuring of major real estate syndications. Mr. Reznick co-wrote the original HUD audit
manual, and directs government housing program audits for the firm's residential developer
clients. He is a sought after speaker at many of the real estate industry's seminars and a
member of numerous professional organizations.
F:\PLAN\$ALL\Neighborhood\Finan Incentives Rehab Historic inv 3.doc