Resolution No CRA 13-19-1101RESOLUTION NO. CRA 13 -19 -1 101
A resolution directing the City of South Miami Community
Redevelopment Agency (SMCRA) Executive Director to negotiate a draft
Purchase and Sale Agreement and Land Use Restriction Agreement with
Ven-Cap Ventures, Corporation to construct a new affordable home on
SMCRA property located at 6008 SW 66th Street and a new affordable
home on SMCRA property located at 6016 SW 661h Street, authorizing
the Executive Director to advertise the opportunity to purchase or
otherwise receive the properties, as required by law, and take
additional steps regarding disposing of the properties.
WHEREAS, in 2001, the SMCRA Board approved CRA Resolution 29-01-78 which
authorized the purchase of the properties located at 6008 SW 66th Street and 6010 SW 66th
Street (Properties) using the SMCRA's Single Family Infill Program; and
WHEREAS, the Agency received a proposal to purchase the Properties for $5,000.00
from a church adjacent to the Properties and a proposal that the Properties be conveyed
to Ven-Cap Ventures, Corporation to develop two single-family homes for $10.00 and
other consideration (which includes the proposer's construction of the homes); and
WHEREAS, the Executive Director commissioned appraisals for the Properties and
determined that the offer from the church was inadequate and additionally, does not
meet the intended use for which the Properties were originally purchased; and
WHEREAS, the Executive Director is requesting authority to negotiate a draft
Purchase and Sale Agreement and Land Use Restriction Agreement for the Properties with
Ven-Cap Ventures, Corporation subject to compliance with applicable provisions of
Florida Statute Sections 163.370 and 163.380 (applicable law), which include provisions
requiring advertising the contemplated conveyance of the Properties to allow interested
persons or entities to submit proposals for the conveyance or other disposition of the
Properties.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF SOUTH MIAMI COMMUNITY
REDEVELOPMENT AGENCY THAT:
Section 1. The above recitals are incorporated in this resolution.
Section 2. The City of South Miami Community Redevelopment Agency
(SMCRA) Board authorizes the Executive Director to:
Resolution No. CRA 13-19-1101
/C�`_`Mt�7(J�
Ventures, /o/pur'chlase the Properties, subject to review and approval of
such draft agreements for form and legality by the SMCRA Attorney; and
(b) advertise the proposed sale of the Properties to provide an
opportunity for interested persons or entities to submit proposals
requesting disposition of the Properties, as required by applicable law; and
(c) receive and evaluate any additional proposals received regarding
disposition of the Properties, as set forth in applicable law; and make a
recommendation as to how the SMCRA should proceed; and
(d) place the recommendation and any executable documents that would
effectuate that recommendation, along with any other proposals for
disposition of the Properties, on a SMCRA Board agenda for consideration by
the SMCRA Board, in accordance with applicable law; and
(e) take any and all additional steps necessary to accomplish the
purposes of this resolution, including ordering any property title
examinations in preparation for the contemplated conveyance of the
Properties.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 10thday of June, 2019.
ATTEST:
SECRETA Y
READ AND APPROVED AS TO FORM:
APPROVED
CHAT PERSON
Board Vote: 4-2
Chair Stoddard: yea
Vice Chair Harris: yea
Member Welsh: yea
Member Liebman: Absent
Member Gil: yea
n
Member Jackson: Nay
Member Kelly: Nay
GENERAL COLINSE
Agenda Item No:6.
South Miami Community Redevelopment Agency Agenda item Report
Meeting Date: June 10; 2019
Submitted by: Evan Fancher
Submitting Department: Community Redevelopment Agency
Item Type: Resolution
Agenda Section:
Subject:
A resolution directing the City of South Miami Community Redevelopment Agency (SMCRA) Executive Director
to negotiate a draft Purchase and Sale Agreement and Land Use Restriction Agreement with Ven-Cap
Ventures, LLLLC to construct a new two new affordable home on SMCRA property located at 6008 SW 66th
Street and a new affordable home on SMCRA property located at 6016 SW 66th Street; and authorizing the
Executive Director to advertise the opportunity to purchase or otherwise receive the properties, as required by
law;, and take additional steps regarding disposing of the property.
Suggested Action:
Attachments:
V e n-Ca p_Me m o_2019_n ew. d ocx
Vencap-2_new.docx
SOMI Bungalow Terms of Engagement Letter.pdf
Letter to Church .pdf
Proposa to Purchase letter.pdf
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CITY OF SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY
OFFICE OF THE DIRECTOR
INTER -OFFICE MEMORANDUM
To: The Honorable Chairman & Members of the SMCRA Board
FROM: Evan Fancher, Director
DATE: June 10, 2019 Agenda Item No.:
SUBJECT: A resolution directing the City of South Miami Community Redevelopment
Agency (SMCRA) Executive Director to negotiate a draft Purchase and Sale
Agreement and Land Use Restriction Agreement with Ven-Cap Ventures to
construct a new affordable home on SMCRA property located at 6008 SW
66th Street and a new affordable home on SMCRA property located at
6016 SW 66th Street; authorizing the Executive Director to advertise the
opportunity to purchase or otherwise receive the properties, as required
by law; and take additional steps regarding disposing of the properties.
BACKGROUND: In 2001, the SMCRA purchased the properties located at 6008 SW 66th
Street and 6016 SW 66th Street by tax deed. These properties are each
1,625 sq. ft and located next to a church. The properties were purchased
using the Single -Family Infill housing program of the SMCRA for the
purpose of constructing single-family infill homes.
Since 2001, the SMCRA has been maintaining the properties and holding
the liability for the properties. We pay the carrying costs.
At the March SMCRA meeting, the Executive Director alerted SMCRA
Board Members that the Agency staff had been approached by multiple
property developers to develop single-family homes there. Board Member
Kelly expressed a desire to have the Agency offer the church an
opportunity to purchase the properties, as those discussions progressed.
On April 09, 2019, the church was sent a letter offering them an
opportunity to make an offer on the properties. The church responded on
April 24, 2019 with an offer to purchase the properties for $5,000. This
purchase price was well below the appraised value of the property.
On June 3'd, 2019, the Agency was presented with a proposal to convey
the property to Ven-Cap Ventures for $10 and other considerations,
including the construction of two affordable homes to be sold at a price of
$200,000.00 or below on each of the subject lots for purchase by income
qualified buyers.
Staff asks that you approve the resolution so that we can commence
formal negotiations with Ven-Cap Ventures to convey the property for the
purpose of building of two affordable houses, as stated in this
2
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CITY OF SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY
OFFICE OF THE DIRECTOR
INTER -OFFICE MEMORANDUM
memorandum. While the church has made an offer, the original purpose
for purchasing the properties was to construct single-family affordable
homes. The church will have an opportunity to present their best and final
offer before a selection committee that will be convened as a part of the
required conveyance process. For now, because the original purpose of the
property purchase was for affordable housing and the church's offer was
not market -rate or above market rate and not for the purpose of
constructing affordable housing, staff would like to proceed with
negotiations with Ven-Cap Ventures and follow the process of property
disposition as indicated by Florida Statutes, which includes bringing other
offers for the use of the property, any negotiated agreement with Ven-Cap
Ventures, and a final recommendation to the SMCRA Board, in accordance
with the procedures required by law. Approval of this resolution does not
obligate the SMCRA to convey the Properties to Ven-Cap Ventures, LLC or
any other person or entity.
3
III oil 11 I�
VEN-CAP
VENTURES
SOMI BUNGALOW
UNSOLICITED PROPOSAL
JUNE 3, 2019
i-`
South�Miami
THE CITY OF I'I I Al )ANT LIVIXG,
4533 Ponce de Leon Boulevard • Coral Gables, Florida 33146 • 305.904.9445
June 3, 2019
Evan Fancher
South Miami Community Redevelopment Agency
5825 SW 68 Street
Suite 4, Office 400
South Miami, Florida 33143
Dear Mr. Fancher,
Ven-Cap Ventures, LLC. is pleased to provide the City of South Miami with the following terms
of engagement to secure property and economic incentives for the project named SOMI
Bungalow, located within the City of South Miami Community Redevelopment Area. This letter
sets out our terms and scope of work for the development of two (2) single-family residences.
Feel free to reach out to us if you have any questions, or wish to discuss, any aspect of the
following terms of engagement.
7
4533 Ponce de Leon Boulevard • Coral Gables, Florida 33146 - 305.904.9445
EXECUTIVE SUMMARY
I. PROJECT NAME:
SOMI Bungalow
South Miami, Florida
II. PROPERTY INFORMATION:
(a) Location:
(b) Folio:
6008 SW 66 ST SOUTH M IAM I, FL 33143
6016 SW 66 ST SOUTH M IAM I, FL 33143
09-4025-029-0090 (See attached Exhibit A)
09-4025-029-0100 (See attached Exhibit B)
(c) Legal Description:
25 54 40 PB 4-1 TOWNSITE OF LARKINS RE SUB LOT 14 BLK A
LOT SIZE 25.000 x 65
TOWNSITE OF LARKINS RE SUB PB 4-1 LOT 15 BLK A SIZE
25.000 x 65
(d) Governing Agency:
City of South Miami Building Department
6130 Sunset Dr. #2
Miami, FL 33143
Office: (305)-663-6355
8
4533 Ponce de Leon Boulevard • Coral Gables, Florida 33146 - 305.904.9445
PROPOSAL
111111. PURPOSE AND SCOPE:
(a) Ven-Cap Ventures proposes to provide the following:
i. The planning, construction, development, and completion of two
(2) two-story single-family residences at the subject properties
encompassed by the above -mentioned addresses.
ii. Ven-Cap Ventures will do everything in its power to hire local and
employ companies and entities from within the City of South Miami
area within reason.
iii. The sale of the two properties at the completion of development
will be carried out by Ven-Cap Real Estate and will be sold at a
maximum of two -hundred thousand dollars ($200,000).
IV. PURCHASE PRICE:
(a) The City of South Miami Community Redevelopment Agency (SOMICRA)
will convey the above -mentioned subject properties to Ven-Cap ventures
for $10 and considerations.
V. TRANSFERABLE PROPERTY:
(a) The City of South Miami Community Redevelopment Agency (SOMICRA)
will transfer to Ven-Cap Ventures, LLC. Fee Simple Unencumbered Title
to the following properties:
i. Lot 09-4025-029-0090 (existing 1,625 sq. ft. lot size/vacant lot)
ii. Lot 09-4025-029-0100 (existing 1,625 sq. ft. lot size/vacant lot)
The transfer of the property shall take place at a date to be agreed upon
between Ven-Cap Ventures, LLC. and South Miami Community
Development Agency (SOMICRA) after the execution of this agreement
with regards to the "SOMI Bungalow" project. Ven-Cap Ventures, LLC.
will be allowed to develop the properties for the uses of as of right per the
4533 Ponce de Leon Boulevard - Coral Gables, Florida 33146 - 305.904.9445
zoning code and as per the pending variances to the zoning restrictions
listed below.
VI. ZONING RESTRICTIONS:
(a) Height:
(b) Setback:
(c) Lot Area:
(d) Frontage:
(e) F.A. R.
(f) Lot Coverage
VII. VARIANCES:
Two (2) stories (253-033
)
Front and Back (25'-0")
Sides (7'-6")
6,000 sq.ft.
60'-0"
.55
30% Maximum
4
(a) Acquisition of the properties and terms of the engagement are contingent
upon the approval of, but not limited to, the following:
Re uired:
Provided:
Front Property Setback
25'-0"
20'-0"
Rear Property Setback
25'-0"
5'-0"
Side Property Setback
7'-6"
5'-0"
Side Property Setback
7'-6"
5'-0"
Lot Area
6,000 S .Ft. (Minimum)
19625 S .Ft.
Property Frontage
60'-0"
25'-0"
F.A.R.
.55 Maximum
.75
Lot Coverage
30% Maximum
37%
Parking
2
1 1
(b) The City of South Miami Community Redevelopment Agency will cover all
of the costs of acquiring the above -mentioned variances and site plan
approval and assist in all permitting processes.
10
4533 Ponce de Leon Boulevard - Coral Gables, Florida 33146 - 305.904.9445
Vill. PERMIT FEES:
(a) The City of South Miami Community Redevelopment Agency agrees to
pay a negotiated amount to assist in the payment of all City related
Permit Fees for all structures developed by Ven-Cap Ventures, LLC. on
the transferred properties.
IX. EXPEDITED PERMITS:
(a) The City of South Miami Redevelopment Agency agrees to assist in
obtaining expedited permits for the subject properties to be developed by
Ven-Cap Ventures, LLC. on a maximum ninety (90) day permit schedule
for all City permits required.
X. RESPONSIBILITIES:
(a) Ven-Cap Ventures will ensure that all products/services in regard to the
planning, construction, development, and completion of the project are
provided in accordance with the agreed upon timeframe, four hundred
(400) days from closing date, and to a professional standard.
(b) Ven-Cap Ventures, LLC. will not retain and rent the subject properties.
(c) Sale of the property will be conducted by Ven-Cap Real Estate in
compliance with the requested original sales price of $200,000 or less.
The property will be conveyed to a purchaser who meets the
requirements and is classified as a low -workforce income individual.
XI. PERIOD OF ENGAGEMENT:
(a) This engagement will start upon acceptance of the terms of engagement
by South Miami Community Redevelopment Agency as noted by the
execution of this letter on this day of
2019.
11
4533 Ponce de Leon Boulevard - Coral Gables, Florida 33146 - 305.740.5442
XII. TIMELINE:
(a) Timeline of the proposed residences to be provided once the terms of
engagement agreement is executed.
XIII. CONFIDENTIALITY:
(a) In conducting this engagement, information acquired by us during the
engagement is subject to strict confidentiality requirements. That
information will not be disclosed by us to other parties except as
required or allowed for by law, or with your express consent.
XIV. PROFESSIONAL FEES:
(a) Ven-Cap Ventures, LLC. will be responsible for all architecture,
engineering, and construction services to be provided during the
development of the project.
XV. OTHER TERMS OF DRAFT:
(a) Deed restriction for thirty years that would require any purchaser to be
low -workforce income and that any sale meet the county's price for infill
housing (currently $205,000). That number is subject to change, but only
by the County Commission. This would take the form of a Land Use
Restriction Agreement or covenant running with the land.
(b) Ven-Cap Ventures would make available a report to the South Miami
Community Redevelopment Agency regarding construction progress and
the sale of the home on a monthly basis.
(c) Payment and performance bonds will be required only if the subject
properties are financed by a bank.
im
4533 Ponce de Leon Boulevard - Coral Gables, Florida 33146 - 305.740.5442
7
Once you are satisfied with the terms of our engagement, please sign and date two
copies of this letter.
One copy should be forwarded to us as evidence of your acceptance of the terms of
our engagement. You should retain the other copy for your records.
We thank you for the opportunity to provide this proposed term of engagement to you
and your business and we look forward to developing a strong relationship with you on
this and many projects in the future.
Sincerely,
Nicholas Font
Ven-Cap Ventures, LLC.
Principal
Javier Font
Ven-Cap Ventures, LLC.
Principal
We, the South Miami Community Redevelopment Agency, agree to all of the terms and
conditions as noted in this letter.
(Authorized signee's signature)
(Authorized signee's printed name)
(Date)
13
4533 Ponce de Leon Boulevard - Coral Gables, Florida 33146 - 305.740.5442
III 111 11 IL
VEN-CAP
VENTURES
EXHIBIT A
0 OFFICE OF THE PROPERTY APPRAISER
Summary Report
Pmpsrty Information
Fall.
094025-029-009J
Property Addnss:
600e SW 60 ST
SouN Mama. FL 33143-MM
then.,
CITY OF SOUTH MIMII CRA
Muting Address
6130SUNSETOR
MIAMI. FL 331415040
PA Primary Lone
0100 SINGLE FAMILY -GENERAL
Primary Lend Use
8080 VACANT GOVERNMEMAL.
VACANT LAND- 03OVERNMENTM
Bede/BeNal Hsll
01010
Floors
0
LINng Mass
0
Ad.1 Ama
0Sa.Ft
LNIng Ama
0Se.FI
Adjwlgd Area
OSO.FI
LOE SW
1.625 S0.FI
Yaar Bulll
0
Assessment lnfamlation
Year
MIS
M17
2011
Land W.e
s35.T60
534.125
$26.000
BWlding Value
so
50
$0
XF Nlue
so
$0
SD
Mardat Val..
sm.750
534.1m
526.000
Assets"Value
$16.4mi
S14.18715t3.625
SaaeSts Information
Bero6t
1TM
X181
MIT
2016
Non-Momrstesd Cep
Aasessmem Reducum
519.265
$19.136
$12.375
MuNcipal
Eeemp6an
516.485
$14.99T
$13.625
Nree: Not W tenerm are ap~k, to
At TaraGe Valdes (re. County. Stl
Board. City. Regyana).
Shc rt Legal Description
25 S4 40 FS 4-1
TCWNSITE OF LARIONS M SUB
LOT 14 BLX A
LOT SIZE 25.000 X65
OR 19846-0 91 WI 3
Gemmed On : SI312019
SaIH IrHomlction
Pl.eus Sale I Fr;; ORB -Page I Oual2meoa Dewryeon
TMGI&a dM Prepey AFereawhcmVUWysebg arN upeeeer,Ae Mr rW ThnwWte meyroM Ver nrma. The Prueet Ageaer
etl M�etaOMs Cash auurea ro semh. eee Manaemr ntl Uw /greanem m Mp-!MawmwrMs]e goeMOWw:lrrieraep
Vwat-
14
4533 Ponce de Leon Boulevard a Coral Gables, Florida 33146 e 305.740.5442
EXHIBIT B
VEN-CAP
VENTURES
OFFICE OF THE PROPERTY APPRAISER
Summary Report
Geroratea On. S/312af9
Benaft In]ormabon
Realonal
Eaemp6mV
E16.485
514.98731].825
l3enelil
Type
M181
Taaaale Value
I Sol50
5a
NonU meabaa Cap
Aasesamant Reauc6m
31826E
bt9.138
E12.3]5
Munlcj al
Eaempem
E16A95
E1d 99)
E13626
galb ln/omuiion
tl '� '.-:I A fwrollta ate aPp6nfib to all Tamale VnWes Iae. County. S
Lo-.uu GIY. Reprorop.
Prevrou S.
Pnee
OR Bpaa-0age
OualaraeM Desnylbn
1tNt/2001
Sa.M
20a54-0232
Salea,M,c6 ate au4fea
ShIxtL gal 01mcApIdw
TO SITE OF I WNS RE SUB
PB d-1
LOT15B A
LOT SIZE 25.M X 0
OR 2 1-232 11,=1 3
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w.a Misrrcaaee Coinry a.+waaa ro rm+O..Po en enro�.. ma u.., Ap«m.m m Mw/r«awa,rome.ea.aa.,xan�aam.,p,e+p
v.,eron
15
4533 Ponce de Leon Boulevard a Coral Gables, Florida 33146 a 305.740.5442
CITY OF SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY
OFFICE OF THE EXECUTIVE DIRECTOR
INTER -OFFICE MEMORANDUM
To: Pastor Pope, The City of Refuge of South Miami Church of God in Christ
From: Evan Fancher, Executive Director, SMCRA
DATE:- April 09, 2019
SUBJECT: Vacant Parcel Purchase
The South Miami Community Redevelopment Agency (SMCRA) would like
to offer the church an opportunity to purchase the properties located
directly adjacent to your property (6008 SW 66 Street, South Miami, FL
and 6016 SW 66 Street, South Miami, FL),
We have received interest from various individuals to build affordable
housing there, but wanted to be sure to offer the church an opportunity
to purchase the property from us first.
If you would like to make us an offer, please submit it within the next
twenty (20) days.
Best,
Evan Fancher, Executive Director
16
From: South Miami COGIC
To: City of South Miami CRA
April 24, 2019
PROPOSAL TO PURCHASE
1.) We the South Miami COGIC propose to purchase from the City of South Miami CRA all
right, title and interest of the City of South Miami CRA in and to the following property
of Folio: 09-4025-029-0090, as well as the property of Folio: 09-4025-029-0100.
2.) We offer the City of South Miami CRA the sum of $5000 dollars to purchase the above
properties.
After extensive research on the upkeep and security of these properties, we have discovered
and come to the conclusion that the upkeep of these properties has been an estimated 720
dollars yearly for the last 19 years, which comes to a subtotal of 12,240 dollars. We ask that
the City of South Miami CRA take this into consideration along with our proposed amount,
for the outright purchase of these properties to assist the South Miami COGIC to continue to
serve the community through said properties.
These are the programs that the South Miami COGIC have been using these properties to
serve the community:
• Distribution of Farm Share goods
• Yearly feedings on holiday events
a Sewing Love product distribution
• Yearly back -to -school drives
17
We also would like for the City of South Miami CRA to recognize that due to the
upgrade of the streets, as well as the installation of sidewalk crossings that parking for the
community has been diminished and this is a threat to public safety as it can hinder the
accessibility to the community for emergency assistance such as the Fire Department,
Police Department, as well as the Emergency Services of a hospital.
We the people of the South Miami COGIC would truly like to thank you in advance for
your time, and accepting our proposal to purchase as a good faith to those that serve
within the community.
Yours Truly,
Chief Administrator of the South Miami COGIC,
Pastor Michael Pope