STRATEGIC PRIORITY: Housing & Homelessness Solutions
AGENDA DATE: April 26, 2023
COUNCIL DISTRICT(S):|910|DEPARTMENT: Department of Housing & Neighborhood Revitalization
EXECUTIVE: Majed Al-Ghafry
______________________________________________________________________
SUBJECT
Title
Authorize (1) a developer agreement with UCR Development Services, LLC, (Developer), or an affiliate thereof the partial rescission of Section 1 and Section 2 of Resolution No. 21-1124, to remove a) authorization of a contract for property management, supportive services and renovations for temporary and permanent housing for the Office of Homeless Solutions with CitySquare (VS0000000497) in the amount of $3,291,666.00 (the "Contract"); and b) authorization to the Chief Financial Officer to disburse funds in the amount not to exceed $3,291,666.00 CitySquare for the Contract; and (2) the City Manager to execute a developer agreement with UCR Development Services, LLC, (Developer), or a wholly-owned affiliate thereof, in an amount not to exceed $5,957,631.00 with $3,612,358.00 in American Rescue Plan Act Coronavirus Local Fiscal Recovery Fund and $2,345,273.00 in Homeless Assistance (J) Fund (2017 General Obligation Bond Fund), of which $100,000.00 will be eligible for reimbursement upon City Council approval of the Agenda item and prior to contract execution for pre-development expenses, 2017 General Obligation Bond Program - Proposition (J) Funds for a turnkey project including the design, and redevelopment of the Miramar Hotel located at 1950 Fort Worth Avenue, Dallas, Texas (Property), into supportive housing for formerly unsheltered individuals; and (2) a ground lease agreement with the Developer for the duration of the design and redevelopment of the Property in a total rent amount of $5,000.00 to be paid by the Developer and conveyance back to the City upon acceptance of improvements pursuant to the lease - Total not to exceed $5,957,631.00 - Financing: Homeless Assistance (J) F...
Click here for full text