Miami-Dade Legislative Item
File Number: 081674
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File Number: 081674 File Type: Resolution Status: In Draft
Version: 0 Reference: Control: Governmental Operations and Environment Committee
File Name: PRESERVATION OF AFFORDABLE HOUSING UNITS Introduced: 5/29/2008
Requester: NONE Cost: Final Action:
Agenda Date: Agenda Item Number: 11A
Notes: Title: RESOLUTION APPROVING ALLOCATION OF $10,590,000 FROM BUILDING BETTER COMMUNITIES GENERAL OBLIGATION BOND PROGRAM PROJECT NUMBER 249 ''PRESERVATION OF AFFORDABLE HOUSING UNITS AND EXPANSION OF HOME OWNERSHIP'' TO FUND DEVELOPMENT OF AFFORDABLE HOUSING COMPONENT OF TRANSIT VILLAGE PROJECT IN DISTRICT 3
Indexes: AFFORDABLE HOUSING
  BUILDING BETTER COMMUNITIES
  GENERAL OBLIGATION BOND PROGRAM
Sponsors: Audrey M. Edmonson, Prime Sponsor
Sunset Provision: No Effective Date: Expiration Date:
Registered Lobbyist: None Listed


Legislative History

Acting Body Date Agenda Item Action Sent To Due Date Returned Pass/Fail

Governmental Operations and Environment Committee 6/10/2008 3F Amended
REPORT: (See Agenda Item 3F Amended; Legislative File No. 081943 for the amended version)

County Attorney 5/29/2008 Referred Governmental Operations and Environment Committee 6/10/2008

County Attorney 5/29/2008 Assigned Geri Bonzon-Keenan

Legislative Text


TITLE
RESOLUTION APPROVING ALLOCATION OF $10,590,000 FROM BUILDING BETTER COMMUNITIES GENERAL OBLIGATION BOND PROGRAM PROJECT NUMBER 249 – “PRESERVATION OF AFFORDABLE HOUSING UNITS AND EXPANSION OF HOME OWNERSHIP” TO FUND DEVELOPMENT OF AFFORDABLE HOUSING COMPONENT OF TRANSIT VILLAGE PROJECT IN DISTRICT 3

BODY
WHEREAS, pursuant to Resolution No. R-918-04 (the “Affordable Housing Resolution”), the voters approved the issuance of general obligation bonds in a principal amount not to exceed $194,997,000 to construct and improve affordable housing for the elderly and families; and
WHEREAS, Appendix A to the Affordable Housing Resolution lists projects eligible for funding from the Building Better Communities General Obligation Bond Program (the “BBC Program”) by project number, municipal project location, BCC district, project name, project description, street address and allocation; and
WHEREAS, one of the projects listed in Appendix A to the Affordable Housing Resolution and approved by the voters for funding is Project No. 249 – “Preservation of Affordable Housing Units and Expansion of Home Ownership” with an original allocation of $137.7 million (“Project No. 249”); and
WHEREAS, there is a need for the development of affordable housing in District 3; and
WHEREAS, this need may be satisfied in part through the proposed development of the Transit Village located at N.W. 7th Avenue and N.W. 62nd Street; and
WHEREAS, the proposed Transit Village is envisioned to be a comprehensive, mixed-use, transit oriented development project that includes affordable housing, retail, office space, parking facilities, bus bays and a transit support facility and that features convenient access to public transportation, an attractive site for businesses and affordable housing options; and
WHEREAS, nationwide transit oriented development is proving to be an increasingly successful means to stimulate economic growth and improve the quality of life in urban communities; and
WHEREAS, it is anticipated local residents and commuters will be able to use the Park & Ride and Kiss & Ride or walk to the Transit Village and connect to a variety of transportation services, such as Metrobus, neighborhood circulators and taxis; and
WHEREAS, a transit hub at the intersection of N.W. 7th Avenue and N.W. 62nd Street will create seamless access for commuters to and from the Liberty City area to several municipalities within Miami-Dade County, as well as to Broward County; and
WHEREAS, because N.W. 7th Avenue provides an alternative parallel north/south route to I-95, this area is poised to become a major transfer point for travelers diverting from I-95; and
WHEREAS, the new Transit Village is expected to create employment opportunities while serving the needs of the community and acting as a catalyst to economic development; and
WHEREAS, because Transit Village is located within an Empowerment Zone, the County’s Community Workforce Program, which requires the training and hiring of qualified residents of communities where the capital improvements are being made, if applicable, will also ensure the project contributes to local job creation; and
WHEREAS, Congressman Kendrick Meek and his predecessor the Honorable Carrie P. Meek have worked to secure significant federal funding for the project and have requested additional federal funds for Fiscal Year 2008-2009; and
WHEREAS, this Board wishes to approve the allocation of $10,590,000 from Project No. 249 to fund the development of the affordable housing component of Transit Village in District 3 upon the execution of all necessary agreements,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that:
Section 1. The foregoing recitals are incorporated in this resolution and are approved.
Section 2. This Board hereby approves the allocation of $10,590,000 from the $137.7 million allocated for BBC Program Project No. 249 – “Preservation of Affordable Housing Units and Expansion of Home Ownership” to fund the development of the affordable housing component of Transit Village in District 3 upon the execution of all necessary agreements.



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