Coversheet

New Business and Commission Requests - R9 M

COMMISSION MEMORANDUM

TO:	Honorable Mayor and Members of the City Commission
FROM:	Jimmy L. Morales, City Manager
DATE:	February 13, 2019

SUBJECT:	DISCUSSION REGARDING MIAMI BEACH COMMUNITY DEVELOPMENT CORPORATION AND ITS PRECARIOUS FINANCIAL POSITION.

RECOMMENDATION

Have the discussion.

ANALYSIS

Commissioner Joy Malakoff requested a discussion regarding Miami Beach Community Development Corporation's (MBCDC) and its financial position.

This topic had been previously discussed at the October 17, 2018 City Commission meeting. At this meeting, the Mayor and Commission passed Resolution No. 2018-30581 urging Miami-Dade County to provide MBCDC a 90-day stay from foreclosure for the Crespi Park Apartments.

CONCLUSION

The Administration is seeking direction on this item.

KEY INTENDED OUTCOMES SUPPORTED
Ensure Workforce Housing For Key Industry Workers Is Available In Suitable Locations

Legislative Tracking
Housing and Community Services

Sponsor
Commissioner Joy Malakoff

ATTACHMENTS:
	Description
	2018 LTC Re MBCDC
	Resolution Approvng 90 Days