LTC 351-2014 Status Update on the Miami Beach Community Development Corporation MIAMI BEACH
R F' M
OFFICE OF THE CITY MANAGER 20k OCT 20 PM 4= 26
NO. LTC# 361-201 4 LETTER TO M, MISSION a
TO: Mayor Phillip Levine and Members f the Cit Commission
FROM: Jimmy L. Morales, City Manager
DATE: October 20, 2014
SUBJECT: Status Update on the Miami Beach Community Development Corporation
The purpose of this Letter To Commission is to provide a status update on the properties
currently owned by Miami Beach Community Development Corporation (MBCCDC) that
were approved for acquisition by the Commission at its September 17th meeting.
The City has been performing its due diligence for each of the five buildings anticipated
for acquisition:
• Allen Apartments
• Barclay Plaza Apartments
• Lottie Apartments
• Madeleine Village Apartments
• Neptune Apartments
In the course of due diligence, it was discovered that the majority of the tenants at the
Barclay Plaza Apartments (Barclay) had bypassed the formal screening and waitlist
process required for placement in a subsidized affordable housing project. Of the 41
occupied units, only seven (7) tenants were income-eligible and listed on the wait list for
housing and, therefore, eligible for tenancy. Given concerns expressed by these tenants
regarding the condition of their units, MBCDC will be offering alternate, equitable units
within other MBCDC properties for these seven tenants.
In consultations with MBCDC, City staff has been exploring options to ensure that those
tenants who are ineligible to reside at the Barclay are provided with a compassionate,
equitable alternative including the possibility of transfer to other subsidized properties
within the MBCDC portfolio. For those ineligible for transfer to other subsidized units,
MBCDC will provide the return of the tenants' deposits plus one half of one month's
current rent and the City will provide two months' assistance through its Community
Development Block Grant (CDBG) emergency assistance funds.
City and MBCDC staff met with the tenants of the Barclay Saturday, October 18th at
10am in the building's lobby. At this time, tenants were provided with appointments to
meet jointly with City and MBCDC staff to ensure that each is apprised of their
respective options and offer additional assistance as appropriate.
If you have any questions, please feel free to see me.
JLM/KGB/MLR