PH.5 - A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO ALLOCATE ADDITIONAL FUNDS, USING THE SALES PROCEEDS INCOME GENERATED FROM THE SALES OF INFILL SINGLE FAMILY HOME UNITS LOCATED IN DISTRICT 4, IN THE TOTAL AMOUNT OF FIFTY-SIX THOUSAND, ONE HUNDRED FIFTY SEVEN AND 60/100 DOLLARS ($56,157.60) TO COVER THE PROJECT COST OVERRUNS AND SECURITY COSTS, AS SPECIFIED IN EXHIBIT “A,” ATTACHED AND INCORPORATED; FURTHER AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS, INCLUDING ANY AMENDMENTS, MODIFICATIONS, RENEWALS, AND EXTENSIONS, ALL IN FORM ACCEPTABLE TO THE CITY ATTORNEY, FOR SAID PURPOSE.

WHEREAS, pursuant to Resolution No. R-21-0448 adopted on October 28, 2021, the Miami City Commission accepted a proposal received on July 12, 2021, pursuant to RFP No. HCD 2021-04 from RF Construction Group, Inc., a Florida Profit Corporation (“Developer”), and entered into a Design/Build Services contract with the Developer (“Contract”) for the development of six (6) affordable single-family homes in District; and

WHEREAS, the original total Contract cost for the Project was for an amount not to exceed One Million, Seven Hundred Sixteen Thousand, Three Hundred Twenty-Two and 00/100 Dollars ($1,716,322.00) from the Home Investment Partnership Program (“Home”) funds; and

WHEREAS, the total compensation limit was insufficient to address the increased construction costs impacting the homebuilding and construction industry; and

WHEREAS, pursuant to Resolution No. R-23-0280 adopted on June 22, 2023, the City of Miami (“City”) increased the existing Contract value by the amount of One Hundred Thirty-One Thousand, Seven Hundred Sixty-Nine and 60/100 Dollars ($131,769.60) from the District 4 Commissioner’s Share of Miami Forever Affordable Housing Limited ad Valorem Bonds (“Miami Forever Affordable Housing Bonds”) to facilitate the successful completion of the Project; and

WHEREAS, on August 6, 2026, RF Construction Group informed the City of Miami (“City”) that the project’s actual cost surpassed its budget due to unforeseen events, construction costs and labor costs increases; and

WHEREAS, it is the best interest of the City to increase the current budget for the completion of the Project by an amount of Fifty-Six Thousand, One Hundred Fifty-Seven and 60/100 Dollars ($56,157.60), which includes the professional services related to the site security patrol; and

WHEREAS, the City’s Administration hereby recommends the allocation of additional funds, using the sale proceeds income generated from the sales of infill single family homes units located in District 4, in the amount of Fifty-Six Thousand, One Hundred Fifty-Seven and 60/100 Dollars ($56,157.60) to cover the project cost overruns and security costs, as specified in Exhibit “A,” attached and incorporated;

NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF     MIAMI, FLORIDA:

Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as fully set forth in this Section.

Section 2. The allocation of additional funds, using the sale proceeds income generated from the sales of infill single family homes units located in District 4, in the amount of Fifty-Six Thousand, One Hundred Fifty-Seven and 60/100 Dollars ($56,157.60) to cover the project cost overruns and security costs, as specified in Exhibit “A,” attached and incorporated, is authorized.

Section 3. The City Manager is authorized1 to execute any and all necessary documents, in a form acceptable to the City Attorney, for said purpose.

Section 4. This Resolution shall become effective immediately upon its adoption.