8K3 - Award Annie Coleman 15 Dev. Rights to Integra S...
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RESOLUTION AWARDING DEVELOPMENT RIGHTS TO INTEGRA SOLUTIONS, LLC (INTEGRA) FOR THE DEVELOPMENT OF ANNIE COLEMAN 15 DEVELOPMENT PURSUANT TO WORK ORDER PROPOSAL REQUEST (WOPR) NO. 01295-05B, REDEVELOPMENT OF COUNTY PROPERTIES UNDER THE RENTAL ASSISTANCE DEMONSTRATION (RAD) PROGRAM FOR THE HOUSING AND COMMUNITY DEVELOPMENT DEPARTMENT; APPROVING OF AND AUTHORIZING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO: (1) EXECUTE A MASTER DEVELOPMENT AGREEMENT (MDA) IN THE ESTIMATED TOTAL AMOUNT OF $385,947,157.00; (2) EXECUTE AN OPTION TO GROUND LEASE AGREEMENT (LEASE OPTION); (3) IN ACCORDANCE WITH SECTION 125.35, FLORIDA STATUTES, AND SUBJECT TO THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT'S (HUD) APPROVAL, EXECUTE A 99-YEAR GROUND LEASE (LEASE) IN THE ESTIMATED TOTAL AMOUNT OF $9,050,000.00; (4) EXERCISE ALL PROVISIONS CONTAINED IN THE MDA LEASE OPTION, AND LEASE; (5) SUBJECT TO HUD'S APPROVAL, EXECUTE ALL NECESSARY RAD AND/OR MIXED-FINANCE AGREEMENTS AND ALL OTHER DOCUMENTS RELATED TO THE DEVELOPMENT; (6) SUBMIT A DEMOLITION AND/OR DISPOSITION APPLICATION TO HUD, IF REQUIRED; AND (7) EXECUTE AMENDMENTS TO ANNUAL CONTRIBUTIONS CONTRACTS AND OTHER RELATED DOCUMENTS, IF REQUIRED; AND WAIVING SECTION 2-10.4.2 OF THE CODE OF MIAMI-DADE COUNTY, FLORIDA(Housing and Community Development)