TITLE
RESOLUTION DESIGNATING THE 12900 SW 252 TERRACE PARCEL AS A BROWNFIELD AREA, IN COMPLIANCE WITH FLORIDA STATUTES 376.80(2) (a)(1), 376.80(2)(a)(2), 376.80(2)(a)(3), 376.80(2)(a)(4), AND PROVIDING FOR AN EFFECTIVE DATE

BODY
WHEREAS, brownfield sites are defined as sites that are generally underutilized, idled, or abandoned industrial or commercial property where use, expansion, or redevelopment may be curtailed by perceived or actual conditions, including but not limited to environmental contamination; and

WHEREAS, Sections 376.77-376.84, Florida Statutes (2010), hereinafter �Brownfield Redevelopment Act,� provides for the designation by resolution of certain commercial and industrial areas or sites as brownfield areas or sites for the purpose of encouraging rehabilitation and economic development, or environmental remediation, and further provides for economic incentives intended to encourage rehabilitation, economic development or environmental remediation; and

WHEREAS, 12900 S.W. 252nd Terrace, warrants economic development; is reasonably sized; has potential private sector interest in participating in economic development and rehabilitation; and has sites suitable for recreational and open space, or historical preservation; and

WHEREAS, Miami-Dade County has considered the criteria set forth in Section 376.80(2)(a), Fla. Stat., and finds that,

1.The brownfield area warrants economic development and has reasonable potential for such activities;

2.The proposed area to be designated represents a reasonably focused approach and is not overly large in geographic area;

3.The areas has potential to interest private sector in participating and rehabilitation; and

4.The area contains sites or parts of sites suitable for limited recreational open space, cultural or historical preservation purposes.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that

Section 1. That the recitals and findings set forth above are true and are hereby incorporated by reference.

Section 2. That the areas shown in Exhibit �A� attached hereto and incorporated herein by reference, is hereby designated as a Brownfield Area for rehabilitation, economic development, and environmental remediation in accordance with the intent of the Brownfield Redevelopment Act. However, such designation shall not render Miami-Dade County liable for the costs of site rehabilitation or source removal, as those terms are defined in Section 376.79, (17) and (18), Florida Statues, or for any other costs above and beyond those costs attributable to Miami-Dade County�s role in designating the property depicted in Exhibit �A� as a Brownfield Area.

Section 3. If any section, clause, phrase, word or provision is declared invalid by a court of competent jurisdiction, such portions shall be deemed a separate and distinct provision, and such a declaration shall not affect the validity of the remaining portions of this Resolution.

HEADER
Date:

To: Honorable Chairman Joe A. Martinez
and Members, Board of County Commissioners

From: Carlos A. Gimenez
Mayor

Subject: Recommendation of Land Located at 12900 S.W.
252nd Terrace as a Brownfield Area

STAFF RECOMMENDATION
Recommendation
It is recommended that the Board of County Commissioners approve the designation of land located at 12900 S.W. 252nd Terrace as a Brownfield Area.

Mirabella I Associates, Ltd. (Mirabella) is constructing an affordable rental community at this location. The project is 90 percent complete and has an anticipated completion date of January 2012. This rehabilitation and redevelopment activity will result in a total investment of $34 million and create 12 new permanent jobs.

Scope
This project is located on the Northwest corner of SW 252nd Street and SW 128th Avenue, which is in Commission District 8. The proposed area is identified by folio number 30-6926-030-0010.

Fiscal Impact
Approval of this location as a Brownfield site does not create a fiscal impact to the County.

MANAGER'S BACKGROUND
Background
Mirabella satisfies the criteria under Section 376.80 (2)(a) of the Florida Brownfield Redevelopment Act which must be used by a local government when making a determination to designate a brownfield area (see Florida Statute 378.80).

1. Florida Statutes Section 376.80 (2)(a)(1) states: �Whether the brownfield area warrants economic development and has a reasonable potential for such activities�;

The Subject Property is located in a former agricultural site; however, it has been a mobile home park for several years. The 60 mobile home owners still reside on the property at a cost of approximately $500,000 to the developer. The site is also located in a Neighborhood Stabilization Program area designated as having among the highest levels of poverty and unemployment. The Mirabella Apartments, when fully constructed, will be a 204-unit new construction affordable housing rental community offering 1, 2, and 3 bedroom units. Thus, this project offers critical housing on an affordable basis in a low to moderate income area.


2. Florida Statutes 376.80(2)(a)(2) states: �Whether the proposed area to be designated represents a reasonably focused approach and is not overly large in geographic coverage�;

The Subject Property covers 10.55 acres in unincorporated Miami-Dade County and within a Comprehensive Development Master Plan designated Community Urban Center, the Princeton Community Urban Center (PCUC), an area around the intersection of SW 248 Street and US 1.

3. Florida Statutes 376.80(2)(a)(3) states: �Whether the area has potential to interest the private sector in participating in rehabilitation�;

Mirabella has secured all of the capital necessary to fund the project, including $16.8 million in tax credit equity and $4.8 million in permanent debt from J.P. Morgan Chase & Co., an award of $4.25 million of local subsidy provided by Miami-Dade County, and financing from 9 percent tax credits and TCAP (Federal Stimulus Funds) provided by the Florida Housing Finance Corporation. In addition, the Mirabella principals have an 18-year track record of successfully financing projects like this one, including over 5,000 units of affordable housing in Miami-Dade County and over 2,500 units of affordable housing in Broward County.

4. Florida Statutes 376.80(2)(a)(4) states: �Whether the area contains sites or parts of sites suitable for limited recreational open space, cultural, or historical preservation purposes.�

The common area amenities of the Mirabella Apartments will include a tot lot and a clubhouse offering a business center, fitness center, social room, resort-style pool and gazebo.

In sum, the Mirabella project satisfies the four criteria under the State of Florida Brownfield Redevelopment Act to be considered by a local government in its determination to designate a brownsfield area.
Attachments


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Deputy Mayor