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2011-181-1574 - Amending NSP3 Plan City  of  Miami  Gardens  Agenda  Cover  Memo   Council  Meeting  Date:  November  9,  2011 Item  Type:     (Enter  X  in  box) Resolution  Ordinance  Other  X    Fiscal  Impact:  (Enter  X  in  box)   Yes    No  Ordinance  Reading: (Enter  X  in  box) 1 st  Reading  2 nd  Reading     X  Public  Hearing: (Enter  X  in  box) Yes  No  Yes  No  X     Funding  Source:  Neighborhood Stabilization Program  Round 3 (NSP3) Advertising  Requirement: (Enter  X  in  box) Yes  No  X   Contract/P.O. Required: (Enter  X  in  box) Yes  No  RFP/RFQ/Bid  #: N/A  X  Strategic  Plan  Related  (Enter  X  in  box) Y es  No  Strategic  Plan  Priority  Area:  Enhance  Organizational   Bus. & Economic  Dev  Public  Safety   Quality  of  Education   Qual. of  Life  & City  Image   Communication   Strategic  Plan  Obj./Strategy:  (list  the  specific  objective/strategy  this  item  will   address)N/A   X  Sponsor  Name   Dr. Danny Crew, City Manager Department: Community  Development   Short  Title:  A  RESOLUTION  OF  THE  CITY  COUNCIL  OF  THE  CITY  OF  MIAMI  GARDENS, FLORIDA, AMENDING  THE  CITY’S  NSP3  PLAN  TO  INCLUDE  REDEVELOPMENT  AND  RENTAL  ACTIVITIES  IN  ACCORDANCE  WITH  TABLE   2  INCLUDED  IN  THE  AGENDA  MEMO; PROVIDING  FOR  THE  ADOPTION  OF  REPRESENTATIONS; PROVIDING  FOR  AN  EFFECTIVE  DATE.  Staff  Summary:  Background   On  July  21, 2010, the  Dodd ‐Frank  Wall  Street  Reform  and  Consumer  Protection  Act  of  2010  was  passed.  The  bill  provided  for  a  third, one ‐time  appropriation  of  970  million  in  additional  Neighborhood  Stabilization  Program  (NSP3) funds.   These  funds  were  allocated  to  entitlement  States  and  Cities  by  formula.  The  City  of  Miami  Gardens’ allocation  of  NSP3  funds  is  $1,940,337.    ITEM J-1) RESOLUTION PUBLIC HEARING Amending the NSP3 Plan   1515  NW  167  Street, Building  5  Suite  200    Miami  Gardens, Florida  33169  On  February  23, 2011, the  City  Council  approved  the  Substantial  Amendment  (NSP3  Application) to  the  2010 ‐2011  Annual  Action  Plan  which  depicted  the  proposed  activities  to  be  carried  out  and  the  budgets  allocated  for  each  activity.  The  Plan  was  subsequently  submitted  to  and  approved  by  the  U.S. Department  of  Housing  and  Urban  Development.     In  June  2011, the  City  of  Miami  Gardens  solicited  proposals  from  qualified  developers  for  the  use  of  NSP3  funds  to  create  affordable  housing  opportunities  within  the  City.   Staff  recommended  two  (2) proposals  for  funding  which  were  approved  by  the  City  Council  on  September  14, 2011, RUDG ‐The  Commons, LLC  and  the  Miami ‐Dade  Affordable  Housing  Foundation, Inc.    Current  Situation   The  City’s  Plan  included  the  acquisition, rehabilitation  and  resale  of  abandoned  and  foreclosed  single  family  properties  but  it  did  not  include  the  redevelopment  of  foreclosed  vacant  land  nor  did  the  Plan  include  rental  housing  as  it  only  specifies  homeownership.  The  project  to  be  carried  out  by  RUDG ‐The  Commons, LLC  entails  the  redevelopment  of  vacant  land  for  rental  housing.  In  order  to  proceed  with  the  expenditure  of  these  funds, it  becomes  necessary  to  amend  the  NSP3  Plan  to  include  redevelopment  and  rental  activities.  The  funds  will  continue  to  benefit  low ‐ and  moderate ‐income  persons.    The  budget  will  be  amended  by  reducing  the  current  activities  and  increasing  the  newly  created  activity.  The  following  tables  depict  the  original  and  proposed  activities  and  budget.      Existing  NSP3  Budget  (Table  1)  Activity  Amount  NSP3 ‐01  Acquisition, Rehabilitation  and  Resale  of  abandoned  and  foreclosed  single  family  properties  for  Low  to  Moderate  Income  Persons  $1,211,220.00  NSP3 ‐02  Acquisition, Rehabilitation  and  Resale  of  abandoned  and  foreclosed  single  family  properties  for  Low  Income  Persons  $485,084.00  NSP3 ‐03  Clearance  and  Demolition  of  Blighted  Properties  $50,000.00  NSP3 ‐04  Program  Administration  $194,033.00   Total  NSP3  Funds  Allocated  $1,940,337.00   Proposed  NSP3  Budget  (Table  2)  Activity  Amount  NSP3 ‐01  Acquisition, Rehabilitation  and  Resale  of  abandoned  and  foreclosed  single  family  properties  for  Low ‐ to  Moderate ‐Income  Persons  $546,304.00  NSP3 ‐02  Acquisition, Rehabilitation  and  Resale  of  abandoned  and  foreclosed  single  family  properties  for  Low ‐Income  Persons  $0.00     1515  NW  167  Street, Building  5  Suite  200    Miami  Gardens, Florida  33169  NSP3 ‐03  Demolition  of  Blighted  Properties  $50,000.00  NSP3 ‐04  Program  Administration  $194,033.00  NSP3 ‐05  Redevelopment  of  Rental  Housing  Units  for  Low  Income  and  Low ‐ to  Moderate  Income  Persons  $1,150,000.00   Total  NSP3  Funds  Allocated  $1,940,337.00   Proposed  Action:  That  the  City  Council  approves  the  proposed  resolution.  Attachments: