3A - Approve Affordable Housing Development

RESOLUTION APPROVING AWARD OF A DEVELOPMENT AGREEMENT TO PINE DEVELOPMENT, LLC, A FOR-PROFIT CORPORATION, PURSUANT TO SECTION 125.379 OF THE FLORIDA STATUTES, FOR THE DEVELOPMENT OF AN AFFORDABLE HOUSING DEVELOPMENT ON COUNTY-OWNED PROPERTY LOCATED WITHIN THE METRORAIL RIGHT-OF-WAY; APPROVING, SUBJECT TO CONDITIONS PRECEDENT, A LEASE AGREEMENT WITH A 99-YEAR TERM WITH PROJECTED REVENUE TO THE COUNTY IN THE AMOUNT OF APPROXIMATELY $21,000,000.00 IN DEVELOPMENT FEES AND RENTAL INCOME; AUTHORIZING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO EXECUTE THE AGREEMENTS, TO PERFORM ALL ACTIONS NECESSARY TO EFFECTUATE SAME FOR AND ON BEHALF OF MIAMI-DADE COUNTY AND TO EXERCISE ANY AND ALL PROVISIONS CONTAINED THEREIN, INCLUDING THE RENEWAL AND TERMINATION PROVISIONS; WAIVING THE PROVISIONS OF RESOLUTION NO. R-407-19 REQUIRING NOTIFICATION TO THE PUBLIC PRIOR TO THE NON-COMPETITIVE SALE OR LEASE OF COUNTY-OWNED PROPERTY; AND DIRECTING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO PROVIDE THE COUNTY PROPERTY APPRAISER A COPY OF SAID AGREEMENTS(Transportation and Public Works)