2008-26954 ResoRESOLUTION NO. 2008-26954
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING
THE CITY MANAGER OR HIS DESIGNEE TO SUBMIT AN U.S.
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD)
ECONOMIC DEVELOPMENT INITIATIVE (EDI) SPECIAL PROJECTS
GRANT APPLICATION FOR FUNDING IN AN AMOUNT NOT TO
EXCEED $514,500 FOR RENOVATION OF THE LONDON HOUSE
APARTMENTS; AUTHORIZING THE MAYOR AND THE CITY CLERK
TO EXECUTE AN AGREEMENT BETWEEN HUD AND THE CITY; AND
FURTHER AUTHORIZING EXECUTION OF AN ADDITIONAL
AGREEMENT BETWEEN THE CITY AND MBCDC: THE LONDON,
LLC.
WHEREAS, Congressional Grants are authorized each year in the annual
U.S. Department of Housing and Urban Development (HUD) appropriation and
conference report or congressional record; and
WHEREAS, Congress authorizes a specific level of funding to a
designated grantee, to undertake a particular activity cited in the appropriation or
conference report; and
WHEREAS, In order to receive these funds, allocated for rehabilitation of
the affordable housing purchased with City of Miami Beach Redevelopment
Agency (RDA) funds, the City needs to submit an Economic Development
Initiative-Special Project (EDI) Grant application by December 31, 2008; and
WHEREAS, only the entity named by Congress in the Congressional
Record of December 17, 2007, is eligible to apply for grant funds; and
WHEREAS, as a grantee, the City of Miami Beach may pass funds
through to one or more sub-grantees; and
WHEREAS, the City wishes to utilize EDI funds in an amount not to
exceed $514,500 for the renovation of the London House Apartments, located at
1965-1975 Washington Avenue, amulti-family rental building that will provide
housing to 33 income qualified households; and
WHEREAS, on March 14, 2007, the RDA adopted a Resolution No. 545-
2007, authorizing an appropriation of $13,650,000 from City Center/Historic
Convention Village (City Center) Redevelopment Agency non-TIF funding
sources, to MBCDC, for the purpose of providing funds to MBCDC for the
balance due in connection with its purchase of the following three properties
located within the City Center RDA: 1940 Park Avenue (The Barclay); 1965-1975
Washington Avenue (The London House); and 2001 Washington Avenue (The
Allen House; and
WHEREAS, on November 19, 2008 the Loan Review Committee
recommended that the City Manager or his designee submit a HUD Economic
Development Initiative-Special Project Grant application for the renovation of the
London Apartments; and
WHEREAS, MBCDC has created anot-for-profit entity, MBCDC: The
London, LLC, which is the successor in interest to MBCDC, has assumed all
interests and title to the London House Apartments and is the sole member of
MBCDC: The London, LLC.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and
City Commission of the City of Miami Beach, Florida, approve and authorize the
City Manager or his designee to submit an U.S. Department of Housing and
Urban Development (HUD) Economic Development Initiative (EDI) Special
Projects Grant application for funding in an amount not to exceed $514,500 for
renovation of The London House Apartments; and further authorize the Mayor
and the City Clerk to execute an agreement between HUD and the City and an
additional agreement between the City and MBCDC: The London House, LLC.
PASSED AND ADOPTED THIS 10th DAY OF December ~ 2008
ATTEST:
~~r ~'1~1. ~ { ~
CITY CLERK M OR
Robert Parcher Matti Herrera Bower
T:WGENDA\2008\December 10\Consent\EDI Application for The London Reso.doc
APPROVED AS TO
FORM & LANGUAGE
N
. y eY
ate
COMMISSION ITEM SUMMARY
Condensed Title:
A Resolution approving & authorizing the City Manager or his designee to submit a HUD Economic Development Initiative
(EDI) Special Projects grant application in the amount of $514,500 for renovation of the London Apartments; authorizing
the execution of an agreement between the City and HUD; and further authorizing the execution of an agreement between
the City and MBCDC: The London, LLC.
Key Intended Outcome Supported:
Increase availability of workforce/affordable housing.
Supporting Data (Surveys, Environmental Scan, etc.):
Based on the 2007 Customer Satisfaction Survey, affordable housing was a concern for 82% of those surveyed.
Issue:
Shall the City submit an application to HUD-EDI in the amount $514,500 for renovation of the London Apartments and
execute all related agreements?
Item Summary~ttecommenaatlon:
On 3/11/08, Congress earmarked funding of up to $514,500 to the City of Miami Beach from the annual Congressional
Grants through HUD for use in the rehabilitation of the affordable housing purchased with RDA funds. In order to receive
these funds, the City needs to submit an EDI Special Project Grant application by 12/31/08. The City may pass through
these funds to asub-grantee. In this case, the funds will be passed through to MBCDC for the renovation of the London
House, located at 1965-1975 Washington Avenue, Miami Beach. This building was purchased with funds from the City
RDA. The EDI grant funds will be utilized for the renovation of the building, which will provide 33 units of rental housing for
income qualified households. The renovation includes the reconfiguration of the building, including a third story addition.
A significant aspect of the renovation includes the effort to provide one, two and three bedroom apartments to serve low
income families.
Advisory Board Recommendation:
On 11/19/08, the Loan Review Committee recommended that the City Manager or his designee submit aHUD-EDI
application of up to $514,500 for renovation of the London Apartments.
Financial Information:
Source of Funds: Grant Name Grant Amount Match'Amount
Source
1 HUD-EDI $514,500 N/A - No Match
The London Re wired
2
3
4
O PI Total
Financial Impact Summary:
City Clerk's Office Legislative Tracking:
~ Anna Parekh
Sign-Offs:
Department Director Ass' taut City Manager Ci onager ,
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T:\AGENDA\2008\December 10\Consent\EDI Applicatioyffor The London Summary.doc ,l /
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m MIAMIBEACH
City of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov
COMMISSION MEMORANDUM
TO: Mayor Matti Herrera Bower and Members of the City Commission
FROM: Jorge M. Gonzalez, City Manager
DATE: December 10, 2008
SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, APPROVING AND AUTHORIZING
THE CITY MANAGER OR HIS DESIGNEE TO SUBMIT AN U.S.
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD)
ECONOMIC DEVELOPMENT INITIATIVE (EDI) SPECIAL PROJECTS
GRANT APPLICATION FOR FUNDING IN AN AMOUNT NOT TO
EXCEED $514,500 FOR RENOVATION OF THE LONDON HOUSE
APARTMENTS; AUTHORIZING THE MAYOR AND THE CITY CLERK
TO EXECUTE AN AGREEMENT BETWEEN HUD AND THE CITY; AND
FURTHER AUTHORIZING EXECUTION OF AN ADDITIONAL
AGREEMENT BETWEEN THE CITY AND MBCDC: THE LONDON,
LLC.
ADMINISTRATION RECOMMENDATION
Adopt the Resolution.
ANALYSIS
On March 11, 2008, Congress earmarked funding of up to $514,500 to the City of Miami
Beach from the annual Congressional Grants through the U.S. Department of Housing and
Urban Development (HUD). In order to receive these funds, allocated for rehabilitation of
the affordable housing purchased with City of Miami Beach Redevelopment Agency (RDA)
funds, the City needs to submit the attached Economic Development Initiative-Special
Project Grants (EDI) application by December 31, 2008.
Only the entity named by Congress in the Congressional Record of December 17, 2007, is
eligible to apply for grants funds; in this case, the City will be the applicant. As a grantee, the
City may pass through funding to one or more sub-grantee. The City intends to use the
grant for the rehabilitation of the London House Apartments, located at 1975 Washington
Avenue and purchased by Miami Beach Community Development Corporation (MBCDC) in
2007 with funds from the City of Miami Beach Redevelopment Agency. The grant allows up
to 20% of the funding to be used for administrative cost; the City will share the administration
allocation with MBCDC to properly manage all the requirements of the EDI Special Project
grant.
Rehabilitation of the London House will include the exterior rehabilitation of the original
historic elements, such as facade, the complete ground level terrace with ornaments, the
second and third-floor open walkways, the addition of a third story on the existing 1965 two
story building, new exterior windows and doors, and the refurbishing of the existing out of
service elevator. A significant aspect of the renovation includes the effort to provide one,
two, and three bedroom apartments to serve low income families. In orcier to accomplish
this, the 55 unit building will be redesigned and reduced to 33 units.
Page 2 of 2
The London/EDI Grant
On November 19, 2008, the Loan Review Committed recommended that the City Mayor and
Commission approve and authorize the City Manager to submit the EDI Special Grant
application for renovation of the London House Apartments.
CONCLUSION
The Administration recommends that the Mayor and City Commission of the City of Miami
Beach, Florida, approve and authorize the City Manager or his designee to submit an U.S.
Department of Housing and Urban Development (HUD) Economic Development Initiative
(EDI) Special Projects Grant application for funding in an amount not to exceed $514,500 for
renovation of The London House Apartments; authorize the Mayor and the City Clerk to
execute an agreement between HUD and the City; and further authorize execution of an
additional agreement between the City and MBCDC: The London House, LLC, the LLC
created by MBCDC for this project.
JMG/HMF/AP