8K1 - RESOLUTION APPROVING, PURSUANT TO SECTION 17-02 OF THE CODE OF MIAMI-DADE COUNTY: (1) A LOAN TO BROWNSVILLE VILLAGE V, LTD. OR RELATED ENTITY, IN AN AMOUNT NOT TO EXCEED $1,200,000.00 OF DOCUMENTARY STAMP SURTAX PROGRAM FUNDS, FOR DEVELOPMENT OF THE BROWNSVILLE VILLAGE V HOUSING DEVELOPMENT; (2) A LOAN TO NORTHSIDE PROPERTY III, LLC OR RELATED ENTITY, IN AN AMOUNT NOT TO EXCEED $1,000,000.00 OF DOCUMENTARY STAMP SURTAX PROGRAM FUNDS, FOR DEVELOPMENT OF THE NORTHSIDE TRANSIT VILLAGE III HOUSING DEVELOPMENT; AND (3) A LOAN TO PERRINE APARTMENTS II, LTD. OR RELATED ENTITY, IN AN AMOUNT NOT TO EXCEED $1,625,000.00 OF DOCUMENTARY STAMP SURTAX PROGRAM FUNDS, FOR DEVELOPMENT OF THE PERRINE VILLAGE II HOUSING DEVELOPMENT; AUTHORIZING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO EXECUTE CONDITIONAL LOAN COMMITMENTS AND STANDARD SHELL CONTRACTS, STANDARD SHELL LOAN DOCUMENTS, AMENDMENTS AND OTHER DOCUMENTS OR AGREEMENTS NECESSARY TO ACCOMPLISH THE PURPOSES OF THIS RESOLUTION; AND AUTHORIZING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO SUBORDINATE OR MODIFY THE TERMS OF CONTRACTS, AMENDMENTS AND LOAN DOCUMENTS, AND TO EXERCISE THE TERMINATION, WAIVER, ACCELERATION AND OTHER PROVISIONS THEREIN(Housing and Community Development)
May 5, 2026
Sponsors
Marleine Bastien