C7E - Assign Ship Loan to Miami-dade

A Resolution Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Approving The Assignment To, And Assumption By, Miami-dade County, Florida (county) Of The Mortgage, Promissory Note, Declaration Of Restrictive Covenants, And Other Loan Documents Associated With A State Housing Initiative Partnership (ship) Loan, In The Principal Amount Of $135,464.15, Granted In 2017 By The City (lender) To Mbcdc/the Jefferson, Inc. (borrower), As Owner Of The Property Located At 542 Jefferson Avenue (property) (collectively, The “transaction”); Said Transaction Being Required In Connection With The Purchase Of The Property By The County, And Ensuring That The County Will Continue To Maintain The Property Affordable Through The End Of The Affordability Period, June 30, 2031; And Further Authorizing The City Manager And City Clerk To Execute The Assignment And Assumption Documents And Any Closing Documents Or Agreements Related To The Purchase Of The Property By The County.