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06-09-03SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY CRA-Meeting. Meeting date: June 9, 2003 6130 Sunset Drive, South Miami, FL Next Regular Meeting Date: August 11, 2003 ,Phone: . (305) 663 =6338 Time: 6:30 PM City of South Miami Ordinance No. 10- 00- 1712.requires all lobbyists before engaging in any lobbying activities to register with the City Clerk and pay an annual-fee of $125.00. This applies to all persons who Are retained (whether paid or not) to., represent a 'business entity or organization to influence "City ". action. "City" action is broadly described to.include the ranking and selection of professional, consultants, and virtually all - legislative, quasi - judicial and administrative action. It does not apply to'not =for- profit organizations, local chamber and merchant groups, homeowner associations, or trade associations and unions. CALL TO ORDER: 1. ROLL CALL: 2. INVOCATION: 3. PLEDGE OF ALLEGIANCE:. COMMUNITY REDEVELOPMENT AGENCY 1 AGENDA - June 9,,2003 JIFAaeehttxy POP SMCRA ]IOi Chair Horace G. Feliu CRA General Counsel Eve Boutsis Vice Chair Mary Scott Russell CRA Executive Dir.(Acting) Sanford Youkilis Member David D. Bethel. CRA Secretary Ronetta Taylor Member Dan McCrea CRA Director Subrata Basu Member Randy G. Wiscombe Member Levy Kelly Member Marie Birts- Cooper SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY CRA-Meeting. Meeting date: June 9, 2003 6130 Sunset Drive, South Miami, FL Next Regular Meeting Date: August 11, 2003 ,Phone: . (305) 663 =6338 Time: 6:30 PM City of South Miami Ordinance No. 10- 00- 1712.requires all lobbyists before engaging in any lobbying activities to register with the City Clerk and pay an annual-fee of $125.00. This applies to all persons who Are retained (whether paid or not) to., represent a 'business entity or organization to influence "City ". action. "City" action is broadly described to.include the ranking and selection of professional, consultants, and virtually all - legislative, quasi - judicial and administrative action. It does not apply to'not =for- profit organizations, local chamber and merchant groups, homeowner associations, or trade associations and unions. CALL TO ORDER: 1. ROLL CALL: 2. INVOCATION: 3. PLEDGE OF ALLEGIANCE:. COMMUNITY REDEVELOPMENT AGENCY 1 AGENDA - June 9,,2003 ITEMS FOR THE BOARD'S CONSIDERATION: 4. APPROVAL OF MINUTES Regular CRA Minutes— 5/12/04 5. CRA DIRECTOR'S REPORT: a. Update on OCED Sewer project b. Funding request from Rev. Dr. Whipple c. South Miami Gardens Project d. Discussion on Strategic Planning e. Meeting with County re Budget process f. Summer Schedule /July meeting 6. CRA GENERAL COUNSEL'S REPORT: CONSENT AGENDA None RESOLUTION(S) PUBLIC COMMENTS (5 minute limit) BOARD COMMENTS ADJOURNMENT PURSUANT TO FLA STATUTES 286.0105, "THE CITY HEREBY ADVISES THE PUBLIC THAT IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THIS BOARD, AGENCY OR COMMISSION WITH RESPECT TO ANY MATTER CONSIDERED AT ITS MEETING OR HEARING, HE OR SHE WILL NEED A RECORD OF THE PROCEEDINGS, AND THAT FOR SUCH PURPOSE, AFFECTED PERSON MAY-NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO.BE BASED. THIS NOTICE DOES NOT CONSTITUTES CONSENT BY THE CITY FOR THE INTRODUCTION OR ADMISSION OR OTHERWISE INADMISSIBLE OR IRRELEVANT EVIDENCE, NOR DOES IT AUTHORIZE CHALLENGES OR APPEALS NOT OTHERWISE ALLOWED BY LAW, COMMUNITY REDEVELOPMENT AGENCY 2 AGENDA - June 9, 2003 2 rr i 3 5 s`�� 9 - 2001 10 ?. ak our Aeighbarhaod a Grcor J�ace m tiw ttbrk ctd Piny° 11 12 City of South Miami 13 Community Redevelopment Agency Minutes 14 May 12, 2.003 15 . 16 CALL TO ORDER: 17 The Community Redevelopment Agency for the City of South 18 Miami, Florida .met in regular session on Monday, May 12,.'2003, 19 beginning at 6:30 p.m., in the. City Commission Chambers,' 6130 20 Sunset Drive. 21 .: 22 1.. .ROLL.CALL 23 The following members of the. South. Miami Community 24 Redevelopment Agency were present:. Chairperson'Horace G.. Feliu, 25 Vice Chairperson Mary Scott Russell, .and Members Randy 'G. 26 Wiscombe and David D Bethel. Member Dan McCrea.arrived at 6:34 27 p.m. and Member Levy. Kelly arrived at 6:42 p.m. Member Marie 28 Birts- Cooper was not present. 29 .. 30 Also in attendance were: CRA Director: Subrata Basu, :CRA 31 General.Counsel Eve Boutsis, CRA Secretary Representative!Nkenga 32 Payne.and CRA Outreach Coordinator James.McCants. 33' 34 2. INVOCATION: 35 Member David D. Bethel delivered the Invocation.. 36 37 3. PLEDGE OF ALLEGIANCE: 38 The Pledge of Allegiance was recited in unison. 39 40 ITEMS FOR!THE BOARD'S CONSIDERATION: 41 42 4.. APPROVAL OF MINUTES .43 Regular CRA Minutes 4/12/04 44 Moved by Vice. Chair Russell, seconded by Member,Wiscombe . to 45 approve the minutes as presented. .46 47 There, being no;-discussion,, the motion passed by a.4 -0 vote. 48 49 Member.Wiscombec Yea COMMUNITY REDEVELOPMENT AGENCY 1 MINUTES.— May 12, 2003 J 1 Member Kelly: Not present 2 Vice Chair Russell: Yea 3 Member McCrea: Not. present 4 Member Bethel: Yea 5 Member Birts Cooper: Not present 6 Chairperson Feliu: Yea 7 8 It was.. moved by Vice Chair Russell,_ seconded by Member. 9 Wiscombe to add the following item to the official Agenda. "A' 10 RESOLUTION OF THE SOUTH MIAMI COMMUNITY _REDEVELOPMENT - AGENCY 11 (SMCRA) AUTHORIZING THE DIRECTOR TO .DISBURSE $8,253.455 FROM 12 ACCOUNT 610 -1110- 554 -99 -20 ENTITLED "GENERAL CONTINGENCY" TO THE 13 MIAMI -DADE TAX COLLECTOR FOR 2002 AD-VALOREM TAXES FOR THE MOBLEY 14 PROPERTY AT 5825: SW 68' 'STREET, AND PROVIDING AN EFFECTIVE 15 DATE 16 17 There, being no discussion the motion to amend the Agenda 18` with the addition of the above referenced item passed by a 4 -0 19 vote 20. 21 Member Wiscombe: Yea 22 Member Kelly :. Not present 23 Vice Chair Russell: Yea 24 Member McCrea: Not present 25 Member Bethel: Yea 26 Member Birts Cooper: Not present 27 Chairperson:Feliu: Yea 28 29 Please note that Vice. Chair. Russell left the meeting at 6:47 30 p.m.. 31 32 5. CRA DIRECTOR'S REPORT: .33 . 34 a) Auditor's Report... Rodgerick Harvey, representing the 35 Auditing. Firm for the CRA appeared before the CRA Board. The 36 overall financial status of the CRA is .good.", Revenues and assets 37 remain the: same. A change was made on the balance. sheet., in 38 regard to the Mobley property. Administration has done a good job 39 of. .taking the Auditor's comments and implementing wherever. 40 appropriate.. 41' 42 b) Miami Dade Sewer Project Schedule update. There have been 43 -several. underground utility issues t6'1 be resolved. ,It .'is 44 anticipated that some of the issues will" resolved by.June 12,. 45 .'2003. 46 .47 Chairperson Feliu inquired if'..the streets. could be .water 48 down more often because the main concern was the dust 49 1 Mr: Felix Clavelo, the contractor, for the project replied 2 that.this concern is being addressed. .3 4 Ms. Maria Rodriguez Porto appeared before. the.CRA Board to 5 further expound on this project. She indicated that the last 6 time the streets were watered down was last'Thursday` afternoon. 7 It is anticipated :that the entire project. will be completed 8 within the next ninety (90) days. 9 10 c): Rosie Lee Wesley update. A task force has been set up to 11 address the .many concerns' raised during the community meetings. 12 One of the issues under discussion. with the task force is the 13 parking situation when the construction starts for the Habitat 14 homes. Alternate parking sites are being considered. There is a 15 very strong- possibility that one of .the receptionist .-type 16 positions will be filled by someone-from the community. 17 18 d) Church Street Reconstruction. It would appear that certain 19 ..segments of the community are not in favor.of the reconfiguration 20 .of Church Street. There is a group of people opposed to the 21 widening of the 'sidewalk and the narrowing of the .street. This 22 has come as quite a.surprise to administration because this 23 mattes has been discussed with the community on several 24 occasions. At this point.the funds have been spent to finish the 25 reconfiguration street drawings. Since the .funds have already 26 been spent, and numerous' community meetings held with residents 27 in.support of.this project, administration is recommending moving 28 forward with the project: .29 30 Chairperson Feliu and members Wiscombe,. Bethel 'and :Kelly 31 emphasized the importance of getting this project started. 32 33 At the next CR.A meeting `administration will provide the 34 Board members.with.a- listing of those residents that signed the 35 petition in support.of the Church,Street Project.. 36 371. e) South Miami Garden project update. This is a very 38 complicated and complex undertaken. 39 40 Mr. Miller, the. consultant hired to work on this ,project 41 provided an update on where the CRA is in. this process. 42 Administration..has made a.concretive effort to meet with each and 43 'every resident ofthe South Miami. Gardens complex to explain what 44.. the project entailed: Miami'.Dade County HUD is' the only entity 45 that would be able to give permission to move 'forward with the 46 project..The Miami -Dade' County Director of. Housing has.indicated 47.. his support of South.Miami's' initiative. At this point the ball 48 is in the CRA Board's-court.,' 49 COMMUNITY REDEVELOPMENT AGENCY 3 MINUTES - May.12, 2003 Z Member McCrea.indicated that he was in support of the'higher 2 density. He expressed concern that the process was taking. so 3 long to.come to 'a reality.. The most. recent information provided 4 to the Board is over two years old. 5 .6 Mr. Miller related that the residential turnover rate at.the 7 South .Miami Gardens is practically non - existent. Within this 8. past year only new five families have moved into the housing. 9 The majority of the residents living.there have been in residence 10 for.over. 20 years. Z1 12 Member McCrea expressed concern with the relocation plan and 13 indicated that the plan requires that families be relocated to 14 areas outside of the City. 15 16 Mr. Miller. said once the renovations commenced, families . 17 would,be given an option as to where they wanted to relocate. 18 19:, Member McCrea emphasized the importance of encouraging 20 families to relocate in the South Miami area. 21 22 Mr. Miller said this would depend on.the alternate housing 23 availability. 24 25 Member Bethel related.that the residents were promised that 26 anyone wanting to stay.in the City of South Miami. would not be. 27 relocated outside of' the City. All agreed,that the construction 28 would be done in phases, allowing those families that qualified 29 for affordable . housing an opportunity to purchase and move back 30 into a newly renovated-unit. .31. 32 Member McCrea.opined that it would be extremely useful. if 33 specific timelines -were developed to expedite this process. 34 35 Mr. Basu indicated that the ideal situation would be to 36 build new units.without displacing anyone. 37 38 Chairperson Feliu indicated his support.of the project., He 39 said that. the CRA's objective is to provide affordable housing 40 for the community. 41 42 At the conclusion of this 'discussion, the CRA. Board 43 supported the-.24 Units per acre .layout, which, is the more 44. economical avenue. Unfortunately, not everyone-would be able to 45 stay within the area. Therefore, there, would probably be some 46 relocation outside -of the area. A relocation- plan would be ..47 established. Administration is to set up a. timeline for this .48 project and provide this,information ' at.the next.CRA. meeting. 49 COMMUNITY REDEVELOPMENT AGENCY MINUTES - May.12, 2003 1 _ CRA General Counsel Boutsis interjected and related that the 2 more innovative the project -is the more likely it is get 3 appropriate funding. 4 5 After there..were.no further comments or questions for the 6 CRA Director, this report concluded. '7 8 6, CPA GENERAL COUNSEL'S REPORT: 9 CPA General Counsel Boutsis reported on the 'progress being 10 made by Greater Miami 'Neighborhood.: Administration is working .11 diligently. to clear up any liens on the property. As soon.as 12 this is- accomplished a ground breaking will be. scheduled. 13 . 14' After there were no comments or questions. for the General 15 Counsel', this report concluded. 16 17 CONSENT AGENDA. 18 None 19 RESOLUTION(S) 20 21 CRA 9 -03 -121 22 6. A RESOLUTION OF THE SOUTH'MIAMI COMMUNITY'REDEVELOPMENT. 23 AGENCY (SMCRA) AUTHORIZING. THE DIRECTOR TO DISBURSE .24 $8,- 253.455 FROM ACCOUNT 610 -1110- 554 -99 -20 ENTITLED 25 "GENERAL. CONTINGENCY" TO THE MIAMI` -DARE TAX COLLECTOR 26 FOR 2002 AD VALOREM TAXES FOR THE MOBLEY PROPERTY.AT 27 5825 SW. 68' STREET, AND PROVIDING AN EFFECTIVE DATE. 28 29, Moved by Member Wiscombe, seconded by Member Bethel to 30 approve this item.. 31 32 There, being no discussion, this motion passed by a -5 -0 33 'vote. 34 35 Member:Wiscombe: Yea 36 Member Kelly: Yea. 37 Vice .Chair Russell: Not present 38 Member McCrea: Yea 39 Member Bethel:. Yea 40 Member Birts Cooper: Not present 41 Chairperson Feliu: Yea 42 43 PUBLIC REMARKS. 44 45 Velma Palmer appeared before the. CRA Board to express 46 concern with the.road construction noise 47 COMMUNITY REDEVELOPMENT AGENCY 5 MINUTES - May 12, 2003 I Greg Horton appeared before the CRA Board to express his 2 concerns with the'road construction: 3 4. Barfield-Burch appeared before the CRA'Board to-express his 5 concerns about the road construction. 6 7 Leo. Dennis appeared ..before the CRA Board to express his 8 concerns about the road construction. 9 10 11 CRA BOARD MEMBERS' REMARKS 12 13 Each Board member was afforded an opportunity for comments. 14 15 There,:.'being no further business to come - before this Body, 16 the meeting adjourned at.8:52 p.m. 17 18 Approved: 19 Attests 20 21 Horace G. Feliu. '22 CRA Chairperson 23. Ronetta Taylor, CMC 24 CRA Secretary COMMUNITY REDEVELOPMENT AGENCY, 6 MINUTES - May 12, 2003 FROM RH +SONS,INC. FAX NO. 3056281724 Jun. 06 2003 10:27AM P1 IWIL. u I feu 5 e � Ir a 6.5OP5, WE. Unlimited Engineering Contracting Commercial Building & Residential Construction P.O. Box 170388 Hialeah, FL 33017 Phone (954) 450 -6647 Fax (954) 450 -4275 June 2, 2003 SMCRA James McCants 6130 Sunset Drive South Miami, FL 33143 Ref: Mt. Olive Marterials Stored �..� Dear Mr. McCants; As per your meeting last week Friday May 30th 2003, with George Lima our Project Manager it was determined that the material will be brought to 6' level and this will be acheived by our daily hauling away of material. We also agreed that by June 19th the material should be completely removed. The above does not alter our agreement with Mt. Olive in which we agreeed to store equipment and material if necessary until the job is completed. With the understanding that the material will be considerably less being that we are almost at the final stages of the project. Please call our office at (954) 450.6647 with any questions. Thank You Rafael He 'q ez Vice President CC: Subrata Basu City of South Miami W. AJMOLA BALOGUN, REM 4795 SW 75TM AVENUE PUBLIC WORKS DIRECTOR SOUTH MIAMI, FLORIDA 33155 305/663 -6350 FAX 668 -7208 May 20, 2003 Maria Rodriguez -Porto Miami -Dade County Office of Community and Economic Development 140 W. Flagler Street, Suite 1100 Miami, F133130 RE: South Miami Phase H-B Street Improvements Dear Mrs. Rodriguez -Porto: Please be advised that City of South Miami staff has recently made site visits to all of the roadways involved in the above- referenced project since the last CRA meeting held on May 12, 2003. Based on our observations to date, it appears that the contractor has not been able to adhere to the proposed scheduled submitted to the City at the CRA meeting (see attached). For example, the concrete work proposed for S.W. 62nd Street had an early start date of May 16, 2003 and was expected to take seven (7) days to complete. As of the date of this letter, there is no significant evidence that this work has begun. I understand that you have a June 12, 2003 deadline for the completion of these roadways and would therefore like to bring your attention to this matter. Please feel free to contact me if you have any questions. Sincerely, Greg Perry, P.E. Engineering and Construction Operations Manager ,City of South Miami CC: Ajibola Balogun, RE.M., Public Works Director Sanford Youkilis; Acting City Manager Subrata Basu, CRA Director File Basu, Subrata From: Basu, Subrata Sent: Friday, June 06, 2003 4:25 PM To: 'MiamiMCO @aol.com' Cc: Youkilis, Sanford; Martinez, Orlando; Balogun, Ajibola; Mccants,,James; Bynum, Carol; 'gmanrh @aol.com'; Harrell, Daisy; 'mrp @miamidade.gov' Subject: RE: OCED Sewer project Importance: High Message Flag: Follow up Flag Status: Flagged What is the status of this project? What is the delay now? Please provide a schedule that you can honor and are capable of meeting. Thank you. Subrata Subrata Basu, AIA, AICP Community Redevelopment Agency/ Development Director City of South Miami 6130 Sunset Drive South Miami, Florida 33143 Tele: 305 -663 6344 Fax: 305 -666 4591 1 4010111uwty 1ear'l ' 6075 S.W. 64th St. South Miami, Fla. 33143 Emanuel Whipple/ President May 29, 2003 Community Redevelopment Agency Attn: Subrata Basu 6130 Sunset Drive South Miami, FL 33143 Re: Letter of Interest Dear Mr. Basu: l 66 Cep 1`e1, We are sending you this letter to serve as a formal request for funding assistance from the CRA. Our proposed project is to expand our existing daycare facility to a newly constructed building. Our daycare is currently licensed for 42 children. We are currently at our licensed capacity. The construction of a new center will allow us to expand our service from 42 to over 100 children. The purpose of this expansion is to not only provide a much needed service to this community, but to provide job opportunities for individuals in the community. With the expansion of the Mt. Nebo Community Learning Center there will be a total of 10 -15 jobs created. Positions for preschool teachers, assistant teachers, assistant cook, and maintenance personnel will be created We will also have opportunities for job and skills training. We strongly petition the support of the CRA to grant us assistance in the expansion of our learning center. Should you need further information, please feel free to contact me at (305)667 -3696, Monday. through Friday, from 8:00 Am until 5:00 Pm. Sincerely, Erica Scnve Office Administrator ev. Dr. Emanuel Whipple General Manager /CEO . JUN. 42003 D Ph: 305- 667 -3696 Fax: 305- 666 -2483 I+r-m 0 '57C South Miami Gardens Summary update June 9, 2003 A Vision: South Miami Community Redevelopment Agency ( SMCRA) Multi - Family Housing Study, completed in December 2001 identified the South Miami Gardens (SMG) Public Housing site as the number one ranked site for redevelopment. The primary purpose of the re- development plan is to develop a mixed income housing development, which incorporates public assisted units with market rate units of various housing types. The current development occupies approximately seven acres and contains fifty -eight housing units and a small school housing a head -start program at the north west corner of the site. The site is currently zoned RM -18 Multi - Family allowing for eighteen units per acre. The existing development has a density of approximately eight units per acre. The Miami Dade Housing Agency owns and operates the South Miami Gardens. The location and the size of the property make this project an important catalyst for the growth and development of the SMCRA area. The study analyzed three different scenarios: Rehabilitation of existing buildings, a development of 18 units per acre and a development of 24 units per acre. The last two options include demolition of all the existing structures. The first option of Rehabilitation is not considered a viable option and will not be considered any further. The other two options call for total demolition and redevelopment of the existing SMG facilities. At its meeting of May 12 2003, the SMCRA Board,indicated its support of the option with 24 units per acre. This option will require the rezoning of existing zoning from RM -18 to RM -24. Further analysis would be needed to develop a preliminary phased master plan with 24 units per acre, develop unit types, establish unit mix and study elevations. The Board directed staff to put together a Scope of Work for a consultant and a time line for this effort. The Board also indicated its support for re- establishing the.street grid system as recommended by the Hometown Two plan. Demolition of the SMG would require the relocation of its residents. The Redevelopment Plan will provides the opportunity for the existing residents to move back to one of the newly developed units, if they so choose. Residents of SMG were surveyed to determine their level of support or opposition to the Redevelopment Plan. The survey was conducted between February and March 2002. SMG residents were provided a detailed explanation of the multifamily redevelopment plan and were given an opportunity to ask questions about the plan. The SMCRA Board has expressed a desire to keep the relocation at a minimum and to the extent possible limit relocation to the surrounding areas. A detailed relocation plan should be developed as the plan progresses. The phasing of the Redevelopment Plan will greatly influence the relocation plan and vice versa. As of March 18, 2002 the SMG development had 43 of its 58 units occupied by residents. Two of the 58 units are out of management for use by the Teen Pregnancy Prevention Center and the Police Workstation. Of the 43 occupied units, (100 %) of the households were issued surveys. There were 41 or (95 %) head of households that completed the survey. There were 5% or two households that did not return the survey. Of the 41 head of households completing the survey, 32 or (78 1/o) support the multifamily redevelopment plan (including the relocation implications). South Miami Gardens Summary update June 09, 2003 Page 2 of 2 Six households or (15 %) responded that maybe they support the plan. The remaining three households or (7 1/o) did not support the redevelopment plan. Project is anticipated to be privately funded. The subsidy needed for the public assisted portion of the housing will be derived through the revenue generated through the market rate housing component. Request for Proposal would be sent out for interested developers for a turn key project to design, build and manage the new development. Based on currently available information, a number of very preliminary economic pro -forma have been prepared for the redevelopment. South Miami Gardens .Professional Services /Timeline June 5, 2003 There are primarily two ways to approach this effort. The Florida Statutes allows a planning study under $25,000 to be done without going through the State mandated selection process. We can interview a couple of the teams that are familiar with the area and the project and establish a scope within that dollar amount. Alternatively, we can go through a full selection process and select a firm to do a more detailed work including some•financial analysis. The time line will be greatly impacted by the method we choose. Option One: Develop scope within $25,000 and limiting search within selected firms. Proposed preliminary scope: Review of previous studies Develop alternate master plans w/ 18 and 24 units /acre Refine the selected Master Plan Develop different housing types Preferred unit mix Elevation studies Architectural renderings as necessary Anticipated Time Table (major milestones): Selection of a consulting team/negotiate a fee CRA Board meeting Aug 11,2003 Preliminary concepts CRA Board meeting Oct 13,2003 Presentation of Final draft report CRA Board meeting Dec 8,2003 Option Two: Conduct a consultant selection process to do a detailed study. Proposed preliminary scope: (Estimated fee projection $50,000 to $60,000) Review of previous studies Develop alternate master plans w/ 18 and 24 units /acre Refine the selected Master Plan Develop different housing types Develop floor plans Preferred unit mix/basic market analysis Elevation studies Architectural renderings as necessary Financial analysis /options for funding the project Anticipated Time Table (major milestones): Publish Legal Notice July 2003 Selection of Consulting Team Sept 8, 2003 Negotiate Contract/Approval Oct 13, 2003 Preliminary Study report Jan 12, 2004 Presentation of Final draft report March 8, 2003 Funding for this study was not budgeted. It may be funded through the SMCRA accounts titled "Economic Development & Job Creation" and/or "Residential reinvestment, Land Acquisition & Rehab" and/or "Contingency''. South Miami Gardens Redevelopment Funding and Unit Mix Projections Potential Funding Arrangements Though the project will be a joint venture between the South Miami Gardens Redevelopment Agency and Miami-Dade Housing Agency, MDHA is expected to take the lead in the arrangements regarding financing, construction, relocation, resident services, etc. Most likely MDHA will issue a competitive request for services for the design and construction of the project once it is confident of the funding arrangements. It is envisioned that the South Miami Gardens Redevelopment project will be funded through a variety of sources. These sources include new unit sales proceeds, rental income, MDHA equity in the SMG land, land lease revenue arrangements through a third party, tax credits (4 %), Section 8 Project Based Assistance revenue and City of South Miami CRA contributions (see Financing Basis table below). Financing Basis 168 Units Construction @$100k per unit $16.8m 168 units $ 1.5m Estimated developer fees 2.5m Total $20.8m PUMS 9 Units It Months Vacancy Total Income 1108 58 12 $38,558 $732,610 Expenses _: 3001 58 12 $ $208,800 Total NOI $523,810 M 9 T [ !f 'tMAP� Y4 A� S� 3� 1' A°N{ °i*L Y�' (3!�q.� 0. ✓M? �� .'+� " 4Z'j 86. N -4,3 /T� /� ^� 7 'S*, «, F�`.t..! Ma^3 }� � y� ales;l?rocee4� mu;R {FL 7`P3E` / RiL ±5 i {P5Yi3kT jiT t er # . -1+1k I i'` Y �rg""!, 1EaY$ ie ;{ tLB �gfi'A c t f/� x ; , .`1.' �f�w$10�xI����VfO ou�r a-• 'Y� tfl- �Vl iam��..CRA�����. has'# T�Yxa ''; "rr.�'? a era ; `g�F�i°t� =$1Y 271��`26 Const Costs $20,800,000 Estimated Costs 168 Units Construction @$100k per unit $16.8m Demolition of existing units $ 1.5m Estimated developer fees 2.5m Total $20.8m Option For Further Review Based on preliminary conversations with representatives from MDHA, the option, which includes 168 units, is,preferred. The 126 unit options would,not provide adequate financing for the projector enough market rate units, given the need for at least 58 assisted units. Therefore, the preferred unit mix included 110 market rate units and 58 assisted units. - The unit type configuration which provided the least financing gap (option 6) was also-the most workable option for the project (see table below). nntion 6 Unit Mix (168 units) Type Public Housing Section 8 Project Based Assistance Section 8 Housing Choice Voucher Total Assisted Units Market Rate Units Total, Units Condo/Apt 0 58 0 58 70 128 Townhouse 0 0 0 0 '40 40 $300 $0 0 PH A is C 0 1 100 4/2 Total 0 0% 58 34.5% 0 58 34.5% 110 65.5% 168 No. Units Sq.Ft. Bed /Bath Sales Price Gross Rent AnnualRent Total Sales PHA is A 0 900 *2/2 $0 $30 $0 0 PH A is B 0 1,000"3/2 $0 $300 $0 0 PH A is C 0 1 100 4/2 $0 $300 $0 0 PH TH D 0 1,250 3/2 $0 $30 $01 0 PH TH E 0 1,40 3/2 $0 $30 $0 0 PH TH F 0 1,600 *3 /2 1/2 $ $30 $0 0 PBA Apt A 0 900 2/2 $0 $781 $0 0 PBA Apt B 46 1 000 *3 /2 $0 $1,072 $591,744 0 PBA Apt C 12 1,100 412 $0 $1,24 $178,992 0 PBATH D 0 1 25 "3/2 $0 $1 072 $0 0 PBA TH E 0 1,400 3/2 $0 $1,10 $0 0 PBA TH F 0 1 600 *3/21/2 $0 $1,125 $0 0 Mkt Apt A 50 900 2/2 1 $81,500 $0 $0 .$4,075,000 Mkt Apt B 20 1 000 3/2 $97,900 $0 $0 $1,958,000 Mkt Apt C 0 1,10 -4/2 $93 500 $ $0 $0 Mkt TH D 20 1,25 *3/2 $104,400 $0 $ $2,088,000 Mkt TH E 201 1 400 *3 /2 $114,900 $0 $0 $2,298.0001 Mkt TH F 01 1,600 *3 /2112 1 $0 $ $ $0 otal 168. $492,200 $8,193 $770,736 $10,419 000 Strategic Planning for SMCRA June 9, 2003 As we look ahead to the future of CRA and evaluate our plans beyond the initial five -year period, we need some discussion about where we have been and where we are and where we want to go. The following are some of the issues that need review, evaluation and discussion to develop a Strategic Plan for the coming years. SMCRA plan Goals and Objectives Interlocal Agreement ■ Plan amendment Various CRA programs ■ Residential rehab ■' Infill housing. ■ Commercial rehab ■ Land Acquisition Master Plan/Implementation Plan Leveraging TIF Funding/Other sources of funding Economic Development Community. Policing Code Enforcement SMCRA Foundation, Inc V. J asol SMCRA %`fNy %isftfx .4y7):' roar. XP.t JL! C4Cf' �ir.> ,i..t.�}r..yi ?v;C.rr1:'f!c:J' SOUTH MIAMI COMMUNITY REDEVELOPMENT AGENCY ADVISORY BOARD Minutes of Meeting Monday, May 27, 2003. 6:00 P M Sylva Martin Building South Miami, FL 33143. L CALL TO ORDER Mr. Perry called the meeting to order at 6 :00 P.M. Board members convened in the Conference Room located in the Sylva Martin Building: The following were in attendance: Lee Perry, Chairman David Tucker, Vice Chairman Rita Llado, Board Member Subrata Basu, Comm. Redevelopment Agency/Development Director James McCants,.CRA Programs Coordinator IL PLEDGE OF ALLEGIANCE All present recited the Pledge of Allegiance in unison. III DIRECTOR'S REPORT Director Mr. Basu gave a summary and update on the South Miami Gardens Project. The Director requested the CRA Advisory Board to give their recommendation or opinion on the next meeting A summary packet on the South Miami Gardens Project was issued to the board members present : Director Mr. Basu gave an update on the the Rosie Lee Wesley Clinic effort to reach out to the community IV. OLD BUSINESS: None. V. NEW BUSINESS: VL PUBLIC REMARKS. VII. BOARD REMARKS: None VIII.. ADJOURNMENT: The meeting was adjourned at 7:00 P.M