Miami-Dade Legislative Item
File Number: 082888
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File Number: 082888 File Type: Resolution Status: Before the Board
Version: 0 Reference: Control: Board of County Commissioners
File Name: ALLOCATION OF $10,592,307 FROM BBC PROJECT 249 Introduced: 10/3/2008
Requester: NONE Cost: Final Action:
Agenda Date: 12/2/2008 Agenda Item Number: 11A9
Notes: SEE 091385 FOR FINAL VERSION AS ADOPTED. Title: RESOLUTION APPROVING ALLOCATION OF $10,592,307 FROM BUILDING BETTER COMMUNITIES GENERAL OBLIGATION BOND PROGRAM PROJECT NUMBER 249 - ''PRESERVATION OF AFFORDABLE HOUSING UNITS AND EXPANSION OF HOME OWNERSHIP'' IN FORM OF GRANT TO FUND DEVELOPMENT OF MULTI-FAMILY RENTAL HOUSING ON PRIVATELY OWNED LAND IN DISTRICT 4; DIRECTING COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO SOLICIT PROPOSALS FOR SUCH DEVELOPMENT PURSUANT TO REQUEST FOR PROPOSALS; AND APPROVING CERTAIN REQUIREMENTS TO BE INCLUDED IN REQUEST FOR PROPOSALS
Indexes: BUILDING BETTER COMMUNITIES GENERAL OBLIGATION BOND
Sponsors: Sally A. Heyman, 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

Board of County Commissioners 12/2/2008 11A9 Amended
REPORT: (SEE AGENDA ITEM 11A10 AMENDED; LEGISLATIVE FILE NUMBER 091385.)

Governmental Operations and Environment Committee 11/10/2008 3R Forwarded to BCC with a favorable recommendation P
REPORT: Assistant County Attorney Geri Bonzon-Keenan read the foregoing proposed resolution into the record. Chairwoman Seijas asked why this process was necessary if the GOB funding for this particular project was not yet available. Mr. Johnny Martinez, Director, Office of Capital Improvements (OCI), suggested a workshop of the County Commission be scheduled to discuss the funding priorities. Chairwoman Seijas questioned whether Commissioner Heyman was aware that the funding was unavailable before she prepared this proposal. Mr. Martinez, OCI Director, noted he believed Commissioner Heyman understood that the funding for this project was not included in the next bond series sale or the subsequent bond series sale. Chairwoman Seijas noted, although Commissioner Heyman meant well, she and other commissioners might be misled regarding the process. She stated creating an RFP was very expensive and she would not support this proposal until the GOB funding was available. She suggested Mr. Martinez meet with each commissioner to discuss the status of funding available for their respective projects before the workshop was scheduled. Commissioner Diaz suggested the workshop be scheduled as soon as possible. Chairwoman Seijas asked the OCI Director to create a matrix, to be presented at the workshop, reflecting how much GOB funds each Commission District received for capital projects. Hearing no further comments or questions, the Committee proceeded to vote on the foregoing proposed resolution as presented.

County Attorney 10/3/2008 Referred Governmental Operations and Environment Committee 11/10/2008

County Attorney 10/3/2008 Assigned Gerald T. Heffernan 10/3/2008

Legislative Text


TITLE
RESOLUTION APPROVING ALLOCATION OF $10,592,307 FROM BUILDING BETTER COMMUNITIES GENERAL OBLIGATION BOND PROGRAM PROJECT NUMBER 249 – “PRESERVATION OF AFFORDABLE HOUSING UNITS AND EXPANSION OF HOME OWNERSHIP” IN FORM OF GRANT TO FUND DEVELOPMENT OF MULTI-FAMILY RENTAL HOUSING ON PRIVATELY OWNED LAND IN DISTRICT 4; DIRECTING COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO SOLICIT PROPOSALS FOR SUCH DEVELOPMENT PURSUANT TO REQUEST FOR PROPOSALS; AND APPROVING CERTAIN REQUIREMENTS TO BE INCLUDED IN REQUEST FOR PROPOSALS

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 multi-family rental housing for families that is affordable in District 4; and
WHEREAS, this need may be satisfied in part through the development of multi-family rental units on privately owned land for which preference will be afforded to families who have at least one member employed by public sector and/or health care providers located in Miami-Dade County; and
WHEREAS, in order to develop such multi-family housing, the Board desires to direct the County Mayor or his County Mayor's designee to solicit proposals from the private sector pursuant to a Request for Proposals (“RFP”) that sets forth the requirements that shall be met by each proposer and to present the results to this Board for approval; and
WHEREAS, this Board wishes to approve certain requirements to be included in the RFP; and
WHEREAS, this Board determines that is in the best interests of the citizens of the County and in particular District 4, to approve the allocation of $10,592,307 from Project No. 249 and to direct the County Mayor or his County Mayor's designee to issue the RFP to fund the development of multifamily rental housing on privately owned land in District 4 through a grant, subject to Board approval of the recommended proposer and 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 approves the allocation of $10,592,307 (“Allocation”) 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 multifamily rental housing on privately owned land in District 4 through a grant pursuant to the RFP, subject to Board approval of the recommended proposer and all necessary agreements.
Section 3. The County Mayor or his County Mayor's designee is directed to issue the RFP, provided it includes, among others, the following requirements: (i) the proposal shall maximize the number of rental units that could be financed from the Allocation on privately owned land; (ii) forty percent (40%) of the units are to be rented to families that earn sixty percent (60%) of the adjusted median income for Miami-Dade County (“Median Income”) and sixty percent (60%) of the units shall be rented to families that earn up to one hundred and forty percent (140%) of Median Income; (iii) the property shall be subject to a Land Use Restriction Agreement requiring the owner to continue to meet the requirements in (ii) above for as long as the bonds issued to fund the development remain outstanding but in no event less than thirty (30) years; (iv) preference shall be given to families who have at least one member employed by public sector and/or health care providers located in Miami-Dade County; and (v) the successful proposer shall enter into a grant agreement that will require the repayment of the grant if the conditions of the grant are not satisfied.



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