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RESOLUTION NO. 2006-26254
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE A HOME INVESTMENT PARTNERSHIPS (HOME)
PROGRAM AGREEMENT WITH THE MBCDC: WESTCHESTER
APARTMENTS, LLC, AS THE APPROVED ASSIGNEE OF MIAMI BEACH
COMMUNITY DEVELOPMENT CORPORATION (MBCDC), PROVIDING
$167,613 OF FISCAL YEAR 2005/06 HOME PROGRAM FUNDS, FOR THE
REHABILITATION OF THE WESTCHESTER APARTMENTS, LOCATED
AT 516 15TH STREET, MIAMI BEACH, TO PROVIDE 24 RENTAL UNITS
FOR INCOME-ELIGIBLE PARTICIPANTS IN ACCORDANCE WITH THE
HOME PROGRAM REQUIREMENTS.
WHEREAS, on February 18, 1992, the City was designated by the U.S. Department
of Housing and Urban Development (HUD) as a Participating Jurisdiction to receive funds
through the HOME Investment Partnerships (HOME) Program under 24 CFR 92; and
WHEREAS, the City has established a HOME Investment Partnerships Program
(HOME Program) under the rules of the U.S. Department of Housing and Urban
Development (U.S. HUD), which provides financial assistance forthe purpose of providing
affordable housing within the City; and
WHEREAS, on April 8, 1993, the Mayor and City Commission approved Resolution
No. 93-20756, designating Miami Beach Community Development Corporation (MBCDC)
as a qualified Community Housing Development Organization (CHDO) under the HOME
Program; and
WHEREAS, in accordance with the HOME Program regulations, the City must
reserve a minimum of fifteen (15%) percent of each fiscal year's HOME allocation for a
CHDO set-aside for investment in housing to be developed, sponsored or owned by a
designated CHDO; and
WHEREAS, on July 2,2003, the Mayor and City Commission approved Resolution
No. 2003-25259, which approved MBCDC's request to the City to utilize $1 ,007,473 ofthe
previously allocated Fiscal Year 2001/2002 and Fiscal Year 2002/2003 CHDO funds for a
CHDO project to acquire and rehabilitate the apartment building known as the Westchester
Apartments, located at 516 15th Street, Miami Beach (the Project); and
WHEREAS, on April 20, 2005, the Mayor and City Commission approved Resolution
2005-25864, which awarded $298,218 of Fiscal Year 2003/04 HOME Program funds to
MBCDC for rehabilitation of the Project; and, accordingly, agreed and consented to a one-
time only assignment of MBCDC's rights and obligations for the Project to MBCDC:
Westchester Apartments, LLC, a not for profit limited liability corporation created by
MBCDC as a successor in interest and title to the Project; and
WHEREAS, on December 7, 2005, the Mayor and City Commission approved
Resolution No. 2005-26065, which awarded $522,493 of HOME Program funds to MBCDC
for rehabilitation of the Project; and
WHEREAS, on April 11 , 2006, the Mayor and City Commission approved Resolution
No. 2006-26163, which awarded $300,000 of HOME Program funds to MBCDC for
rehabilitation of the Project; and
WHEREAS, on June 2, 2006, the City's Loan Review Committee reviewed a HOME
Notice of Funding Availability request submitted by MBCDC for the Project, and
recommended that the Mayor and City Commission approve and award HOME Program
set-aside funds, in the amount of $167,613; and
WHEREAS, the Administration would hereby recommend that the Mayor and City
Commission approve and authorize the Mayor and City Clerk to execute the attached
HOME Investment Partnerships (HOME) Agreement with MBCDC: Westchester
Apartments LLC, (as successor in interest to MBCDC for the Project).
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Clerk
are hereby authorized to execute a HOME Investment Partnerships (HOME) Program
agreement with MBCDC: Westchester Apartments LLC, as the approved assignee to
Miami Beach Community Development Corporation (MBCDC), providing $167,613 of
HOME Program funds from fiscal year 2005/06 to MBCDC for the rehabilitation of the
Westchester Apartments, located at 516 15th Street, Miami Beach, to provide 24 rental
units for income-eligible participants in accordance with the HOME Program requirements.
PASSED AND ADOPTED THIS 12th DAY OF July
,2006
ATTEST:
--12rkJ f~
CITY CLERK MAY
Robert Parcher
T:\AGENDA\2006\juI1206'4::onsenl\2006 HOME NOFA MBGDe Resolution.doc
APPROVED AS TO
FORM & LANGUAGE
& FOR ION
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COMMISSION ITEM SUMMARY
Condensed Title:
A Resolution authorizing the Mayor and City Clerk to execute the attached HOME Investment
Partnerships (HOME) Program Agreement with MBCDC: Westchester Apartments LLC, as the approved
assignee to Miami Beach Community Development Corporation (MBCDC), providing $167,613 of HOME
Program funds from fiscal year 2005/06 to MBCDC for the rehabilitation of the Westchester Apartments,
located at 516 15th Street, Miami Beach, to provide 24 rental units for income-eligible participants in
accordance with the HOME Program requirements.
Ke Intended Outcome Su orted:
Increase access to workforce or affordable housing.
Issue:
Shall the City enter into a HOME Program Agreement which provides $167,613 of HOME Program
funds for the rehabilitation of the Westchester Apartments, located at 516 15th Street, Miami Beach,
to provide 24 rental units for income eligible participants in accordance with the HOME Program
requirements.
Item Summary/Recommendation:
During April 2006, MBCDC responded to a FY 2005/06 HOME Program Notice of Funding
Availability, requesting $367,613 toward the cost of rehabilitation of the Westchester Apartments,
located at 516 15th Street, to provide 24 rental units for income-eligible participants in accordance
with the HOME Program requirements. Total funding for this project, from all sources (City of Miami
Beach, City of Miami, Miami-Dade County and private bank financing), amounts to $4,080,462. The
renovation cost for the 12,760 square foot project is $2,301 ,160 which comes to $180 per square foot
or $95,882 per unit. The request was favorably reviewed by Administration and recommended for
fundinQ.
Advisor Board Recommendation:
On June 2, 2006, the Loan Review Committee (LRC) reviewed and recommended approval by the
City Commission for MBCDC to be awarded $167,613 toward the cost of rehabilitation of the
Westchester Apartments, located at 516 15th Street to provide 24 rental units for income-eligible
artici ants in accordance with the HOME Pro ram re uirements.
Financial Information:
Source of Amount Account Approved
Funds: 1 $167,613 151-5234- 000349
D 2
3
4
OBPI Total $167,613
Financial Impact Summary:
City Clerk's Office Legislative Tracking:
I Vivian P. Guzman
Sign-Offs: Department
Director
Assistant City Manager
City Manager
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MIAMI BEACIH
AGENDA ITEM
DATE
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MIAMI BEACH
City of Miomi Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov
COMMISSION MEMORANDUM
FROM:
Mayor David Dermer and Members of the City Commission
Jorge M. Gonzalez, City Manager ~ ~
July 12, 2006 ()
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO
EXECUTE A HOME INVESTMENT PARTNERSHIPS (HOME) PROGRAM
AGREEMENT WITH THE MBCDC: WESTCHESTER APARTMENTS, LLC, AS
THE APPROVED ASSIGNEE TO MIAMI BEACH COMMUNITY DEVELOPMENT
CORPORATION (MBCDC), PROVIDING $167,613 OF FISCAL YEAR 2005/06
HOME PROGRAM FUNDS, FOR THE REHABILITATION OF THE
WESTCHESTER APARTMENTS, LOCATED AT 516 15TH STREET, MIAMI
BEACH, TO PROVIDE 24 RENTAL UNITS FOR INCOME-ELIGIBLE
PARTICIPANTS IN ACCORDANCE WITH THE HOME PROGRAM
REQUIREMENTS.
TO:
DATE:
SUBJECT:
ADMINISTRATION RECOMMENDATION
Adopt the Resolution.
ANAL YSIS
On July 2, 2003, via Resolution No. 2003-25259, the City Commission granted Miami
Beach Community Development Corporation's (MBCDC) request to purchase and
rehabilitate the Westchester Apartments, located at 516 15th Street, Miami Beach (the
Project), utilizing $1,007,473 in HOME Program funds previously allocated to MBCDC,
($207,473 from FY 01/02 and the $800,000 from FY 02/03). Additional funding for this
project was provided as follows:
On April 20, 2005, the City Commission approved Resolution No. 2005-25864, which
awarded $298,218 of HOME NOFA funds to MBCDC, for the rehabilitation of the Project,
and approved and consented to a one-time only assignment of MBCDC's rights and
obligations for the Project to MBCDC: Westchester Apartments LLC.
On December 7, 2005, the City Commission approved Resolution No. 2005-26065, which
awarded $522,493 of HOME NOFA program funds to be used for rehabilitation of the
Project.
On April 11, 2006, the City Commission approved Resolution No. 2006-26163, which
awarded $300,000 of HOME Set-Aside program funds to be used for rehabilitation of the
Project.
Commission Memorandum
July 12, 2006
Page 2 of 2
During April 2006, MBCDC submitted a funding application in response to the City's FY
2005/06 HOME Notice of Funding Availability (NOFA), requesting the total amount of the
NOFA, $367,613, in order to fund the rehabilitation of the Westchester Apartments. The
property contains a three-story Mediterranean revival structure built in 1926, which is listed
as having 10,420 square feet, according to County tax rolls. The square footage, after
renovations and actual measurement, will be 12,760. The building currently is configured
into 30 apartments, of which six are one-bedroom units and 24 are efficiency units. In
accordance with the report from the architect, Arthur J. Marcus Architect P.A., the 24
efficiency units were reconfigured to comply with the City's average square foot planning
and zoning requirement for residential units. Therefore, the resulting reconfiguration will be
approximately 12 one-bedroom apartment units and 12 efficiency units. The units will be
rented to income-eligible participants qualifying under the HOME Program requirements.
The proposed scope of work, based on a preliminary evaluation, included the following:
reconstruction of the front porch with side wing walls and historic fa~ade renovation, repairs
of spalled concrete, roof repairs and reconstruction of fire damaged roof area, new windows
and doors, exterior paint, repair and replace deteriorated wood structural members, new
non-load bearing construction with new mechanical, electrical, plumbing and fire sprinkler
systems. In order to comply with ADA requirements, MBCDC is planning to request a
waiver for the accessibility ramps because of insufficient space. However, MBCDC will
comply with all other ADA requirements. The building is vacant and no tenants will be
relocated.
Total funding for this project, from all sources (City of Miami Beach, City of Miami, Miami-
Dade County, and private bank financing), amounts to $4,080,462. The renovation cost for
the 12,760 square foot project is $2,301,160 which comes to $180 per square foot or
$95,882 per unit.
On June 2, 2006, the Loan Review Committee reviewed MBCDC's request for $367,613 of
FY 2006 HOME NOFA funds for the Project, and has recommended approval by the City
Commission to award HOME Program Set-Aside funds in the amount of $167,613.
CONCLUSION
The Administration recommends that the Mayor and City Commission authorize the Mayor
and City Clerk to execute the attached HOME Investment Partnerships (HOME) Program
Agreement with the MBCDC: Westchester Apartments, LLC, as the approved assignee to
the Miami Beach Community Development Corporation (MBCDC), providing $167,613, of
Fiscal Year 2005/06 HOME Program funds, for the rehabilitation of the Westchester
Apartments, located at 516 15th Street, Miami Beach, to provide 24 rental units for
income:~gible participants in accordance with the HOME Program requirements.
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