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2008-26741 ResoRESOLUTION NO. 2008-26741 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE EXECUTION OF A MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN THE CITY AND MOUNT SINAI MEDICAL CENTER OF FLORIDA, INC., FOR THE PURPOSE OF SUBMITTING A GRANT APPLICATION TO THE COMMUNITY WORKFORCE HOUSING INNOVATION PILOT PROGRAM ADMINISTERED BY THE FLORIDA HOUSING FINANCE CORPORATION; FURTHER AUTHORIZING THE SUBMISSION OF SAID GRANT APPLICATION. WHEREAS, during the 2006 Florida Legislative Session, the Florida Legislature approved House Bill No.1363, establishing a pilot program entitled the Community Workforce Housing Innovation Pilot Program (CWHIP or the Program); and WHEREAS, the purpose of said Program is to provide affordable rental and homeownership workforce housing for essential services personnel; and WHEREAS, said Program requires that proposals be from apublic-private partnership, with said partnership to include substantial involvement from the public sector partner; and WHEREAS, Mount Sinai Medical Center (Mount Sinai) has identified housing as one of the issues that negatively impacts its ability to recruit trained nursing staff; and WHEREAS, on January 17, 2007, the Mayor and City Commission adopted Resolution No. 2007-26430, authorizing the execution of a Memorandum of Understanding (MOU) between the City and Mount Sinai for the purpose of submitting a grant application for the 2007 cycle of the CWHIP Program; and WHEREAS, the Florida Housing Finance Corporation (FHFC) administers affordable housing programs funded by the State of Florida and evaluates grant applications and other requests for State housing funds; and WHEREAS, the application was subsequently not recommended forfunding by the FHFC; and WHEREAS, the City and Mount Sinai wish to re-apply to the Program for the 2008 grant cycle; the deadline for submitting a grant proposal to the CWHIP Program is January 29, 2008; and WHEREAS, concurrent with the new application, the City and Mount Sinai intend to submit the same MOU submitted in 2007, which provides that upon a grant award by the FHFC, Mount Sinai will rehabilitate seventy-six (76) apartments in the Lowenstein Building, said building located on the campus of Mount Sinai, for the purpose of providing rental housing for the Mount Sinai workforce; and WHEREAS, the proposed MOU also contemplates that, following the award of the grant funding by the FHFC, the City Administration will request that the Miami Beach Health Facilities Authority (HFA) convene to adopt a resolution donating surplus funds in the HFA account that remain at the end of the fiscal year, to the City, to be appropriated and disbursed by the City in accordance and .consistent with Chapter 154.201 - 247 Florida Statutes (the "Health Facilities Authorities Law"); and WHEREAS, provided that the HFA approves the aforestated resolution, the Administration will further recommend that the City Commission appropriate and disburse said funds to Mount Sinai, in an amount not to exceed $250,000, forthe Project, as follows: $120,000 in calendaryear2008; $120,000 in calendaryear2009; and $10,000 in calendar year 2010. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby authorize the execution of a Memorandum of Understanding between the City of Miami Beach and Mount Sinai Medical Center of Florida, Inc., forthe purpose of submitting a grant application to the Community Workforce Housing Innovation Pilot Program, and further authorize the submission of said grant application. PASSED and ADOPTED this 16th day of January , 2008. Mayor Matti H. Bower ATTEST: ~ rjt/~c~ City Clerk Robert Parcher T:WGENDA12008WANUARY 16\CONSENTIMSMC RESO.DOC AppROVED AS TO FORM & UNCUT ON ~ FOR EXE ~~ A $ Date COMMISSION ITEM SUMMARY Condensed Title: A Resolution approving a Memorandum of Understanding with Mount Sinai Medical Center for the purpose of submitting a Community Workforce Housing Grant to the State of Florida. Key Intended Outcome Supported: Increase access to workforce and affordable housing. Supporting Data (Surveys, Environmental Scan, etc.): I n the 2007 Community Satisfaction Survey, 77% of the residents felt that the City should most ensure housing for people below $50K, the elderly, and those earning between $50K and $80K income. Issue: Shall the City Commission approve the Memorandum of Understanding and retroactively approve the submission of the grant application? Item Summary/Recommendation: During the 2006 legislative session, the Florida Legislature approved House Bill 1363, establishing a pilot program entitled the Community Workforce Housing Innovation Pilot Program, commonly known as CWHIP. In 2007, the Legislature made the program permanent, and appropriated $140 million to it. The proposed project will involve renovation of the second and third floors of the Lowenstein Building, athree-story, 63,646 square foot facility situated on the campus of Mount Sinai Medical Center to create rental housing for essential services personnel, with a focus on registered nurses. The City Commission approved the Memorandum of Understanding on January 17, 2007, for submission of this project to the 2007 cycle of the CWHIP program; however, the projectwas not recommended for funding as part of that cycle. This MOU does not require the commitment of City funds at this time. The decision to commit funds to this project will be made at a later date by the City Commission, following a recommendation of the Health Facilities Authority. Board Recommendation: Financial Information: Source of Amount: Account Funds: ~ None 2 3 OBPI Total Financial Impact Summary: Ci Clerk's Office Le islative Trackin Kevin Crowder, Economic Development Sinn-Offs: ~ Dp~partment Director ~ ~-ss~stettt City Manager ~ City Manager ~ III I A1~~I I B EAR H AGENDADA E C 7G O r m MIAMIBEACH Cit~r of Miami Beach, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeachfl.gov COMMISSION MEMORANDUM TO: Mayor Matti H. Bower and Members of the City Commission FROM: Jorge M. Gonzalez, City Manager DATE: January 16, 2008 SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, AUTHORIZING THE EXECUTION OF A MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF MIAMI BEACH AND MOUNT SINAI MEDICAL CENTER OF FLORIDA, INC., FOR THE PURPOSE OF SUBMITTING A GRANT APPLICATION TO THE COMMUNITY WORKFORCE HOUSING INNOVATION PILOT PROGRAM ADMINISTERED BY THE FLORIDA HOUSING FINANCE CORPORATION; FURTHER, AUTHORIZING THE SUBMISSION OF SAID GRANT APPLICATION. ADMINISTRATION RECOMMENDATION Adopt the Resolution. ANALYSIS During the 2006 legislative session, the Florida Legislature approved House Bill 1363, establishing a pilot program entitled the Community Workforce Housing Innovation Pilot Program, commonly known as CWHIP. The Legislature appropriated $50 million forthe first year of this program. This program was made permanent during the 2007 Florida Legislative Session, and funded with $140 million. The application deadline is January 29, 2008. The purpose of this program is to provide affordable rental and homeownership public/private workforce housing for essential services personnel and others affected by the high cost bf housing, using regulatory incentives and state and local funds to promote local public/ private partnerships that leverage government and private resources. Funding is targeted to projects in areas where the disparity between the area median income and the median sales price for a single family home is greatest, and for projects in areas where population growth as a percentage rate of increase is greatest. The Florida Housing Finance Corporation (FHFC) intends to fund projects in as many different counties as possible, at an amount up to $5,000,000 per project. FHFC will only consider funding more than one project in a county when there are no eligible projects remaining from counties which have not been selected for funding. One of the requirements of House Bill 1363 and the CWHIP program is identification of "essential services personnel" in the City's Local Housing Assistance Plan (CHAP). On September 6, 2006, the Mayor and City Commission approved Resolution No.2006-26363, amending the CHAP to define income eligible employees of the following industries as January 16, 2008 Commission Memorandum Community Workforce Housing Innovation Program Page 2 of 3 essential services personnel: • Hospitality • Arts, Entertainment & Recreation • Health Care & Education • Retail Trade • Public Administration One of the threshold requirements of the CWHIP program is that the applicant must be a public/private partnership. The guidance from the State regarding the definition of this partnership was unclear, and the Administration, along with Mount Sinai, had difficulty determining whether or not a qualifying partnership could be established. In late November 2006, the parties had agreed that a qualifying partnership would most likely require local government funding and/or commitment to implement land use regulations such as density bonuses in order to demonstrate "significant involvement" of the local government. In December 2006, during additional discussions between the Administration and Mount Sinai, a concept began to evolve that both parties believed would qualify as apublic/ private partnership, with an innovative approach to the project. FHFC confirmed that a Memorandum of Understanding (MOU) is sufficient to demonstrate apublic/private partnership. The Administration and Mount Sinai developed and agreed to such an MOU, which is attached for the City Commission's consideration. On January 17, 2007, the Mayor and City Commission adopted Resolution No. 2007-26430, authorizing the execution of a MOU between the City and Mount Sinai, for the purpose of submitting a grant application to the CWHIP program. Unfortunately, the application to the initial 2007 cycle of the grant program was not recommended for funding. However, based on positive comments made by FHFC staff, this proposal remains a strong contender for state funding; therefore, the attached MOU is substantially the same as the one previously approved. The Project The proposed project will involve renovation of the second and third floors of the Lowenstein Building, athree-story, 63,646 square foot facility situated on the campus of Mount Sinai Medical Center, to create rental housing for essential services personnel, with a focus on registered nurses. Mount Sinai proposes to apply CWHIP funds to renovate the Lowenstein Building's second and third floors which currently comprise 76 units that serve as temporary housing for a variety of Mount Sinai employees, leased office space for doctors and Mount Sinai personnel offices. At least eighty percent of the housing will be made available on a first- come, first-served basis for registered nurses with annual salaries that do not exceed 120 percent of Miami-Dade's average median income for one- and two-person households. These units will undergo extensive renovation to create permanent workforce housing that facilitates the recruitment and retention of registered nurses. Each renovated unit will consist of one bedroom and one bathroom and exceed the City of Miami Beach's minimum requirement of 400 square feet for residences. In addition to cosmetic upgrades to render the aging Lowenstein apartments more appealing and comfortable as permanent homes for nurses, considerable renovation is required for the plumbing and electrical infrastructure, as these floors have not been modernized for many years. January 16, 2008 Commission Memorandum Community Workforce Housing Innovation Program Page 3 of 3 Mount Sinai projects the units will rent for an initial low rent less than the area median and lowerthan the average monthly rent of $839 quoted for modest one-bedroom apartments in Miami Beach (HUD Fair Market Rent for Miami Beach, 2007, Florida Housing Data Clearinghouse).. Mount Sinai will reevaluate rental rates annually to keep pace with affordability requirements. Mount Sinai has proposed a 50-year affordability period for the project, as well as the maximum set asides requested by FHFC. The total project cost is estimated at $10,500,000, with a request of $5,000,000 from the CHWIP program (the maximum request allowed). Memorandum of Understanding The MOU describes the proposed participation by the City of Miami Beach, and demonstrates an innovative financial strategy as required by the CHWIP program. In order to provide local support to the project, the following is proposed: This MOU does not require the commitment of City funds at this time. The decision to commit funds to this project will be made at a later date by the City Commission, following a recommendation of the City of Miami Beach (COMB) Health Facilities Authority. Following grant approval, the City and Mount Sinai will present the project to the Health Facilities Authority, and request a determination of whether or not a surplus of funds exists for use for this project. The amount to be requested is $250,000. Following the declaration of a surplus and funding recommendation by the COMB Health Facilities Authority, and the subsequent funding award by the Miami Beach City Commission, the City shall contribute $250,000 toward the total costs or rehabilitation of the Lowenstein Building. Following an affirmative declaration, and transfer of the funds to the City, the Mayor and City Commission may consider funding this project in the amount of $120,000 in calendar year 2008, $120,000 in calendar year 2009, and $10,000 in calendar year 2010. The MOU includes reporting requirements on the part of Mount Sinai regarding tenant income, job descriptions, and rental rates for the projects, as well as a hold harmless provision. CONCLUSION The deadline for the grant application is January 29, 2008. The Administration believes that the Mount Sinai project has a strong chance of receiving funding this year. Based upon a staff review of the list of projects that were submitted last year, it appears that this was the only workforce housing project in which the private sector partner is also the employer whose employees were the beneficiaries. The remainder of the projects are partnerships between local governments and either private developers and/or non-profit corporations. The Administration recommends that the Mayor and City Commission adopt the Resolution approving the attached Memorandum of Understanding and retroactively approve the submission of the grant application. JMG/HF/kc Attachment T:\AGENDA\2008Wanuary 16\ConsentWISMC Memo.doc