HomeMy WebLinkAboutSEOPW-CRA-R-03-0037RESOLUTION NO. SEOPW/CRA 0 3 - 37
A RESOLUTION OF THE BOARD OF DIRECTORS OF
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY
REDEVELOPMENT AGENCY (THE "CRA")
AUTHORIZING THE EXECUTIVE DIRECTOR TO
REQUEST THE CITY OF MIAMI (THE "CITY") TO
TRANSFER TO ST. JOHN COMMUNITY
DEVELOPMENT CORPORATION, INC. ("ST. JOHN
CDC") $665,417.32 OF THE HOME FUNDS PREVIOUSLY
ALLOCATED TO THE CRA TO ENABLE THE CITY AND
THE CRA TO CONSUMMATE THE SETTLEMENT
AGREEMENT (THE "SETTLEMENT AGREEMENT")
BETWEEN THE CRA, THE CITY AND ST. JOHN CDC
WITH RESPECT TO THE LYRIC VILLAGE PROJECT
(THE "PROJECT"),- WHICH TRANSFER SHALL BE
CONTINGENT UPON THE CITY AND THE CRA
EXECUTING THE SETTLEMENT AGREEMENT.
WHEREAS, the CRA is responsible for carrying out redevelopment activities
and projects in the Southeast Overtown/Park West Community Redevelopment
Area established pursuant to the CRA Redevelopment Plan; and
WHEREAS, the CRA and the City of Miami (the "City") have instituted the
existing litigation involving the Lyric Village Project (the "Project") styled City
Miami and the Southeast Overtown/Park West Community Redevelopment Agency
v. Lyric Housing, Inc. and St. John Community Development Corporation, Inc. Case
Number: 00-30414 CA 13 pending in the Circuit Court of the 111h Judicial Circuit in
and for Miami -Dade County (the "Pending Litigation"), with respect to the Lyric
Village Project; and
WHEREAS, CRA desires to settle the Pending Litigation and as part of the
settlement requests that the CITY transfer a portion of the CRA's allocation of
HOME Funds to ST. JOHN CDC.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE SOUTHEAST OVERTOWN/ PARK WEST COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA:
SEOPW/CRA
03- 37
Section 1. The recitals and findings contained in the Preamble to this
Resolution are incorporated herein as if fully set forth in this Section.
Section 2. The Board of Directors of the CRA authorizes and directs the
Executive Director to request that the CITY transfer to ST. JOHN CDC $665,417.32
of the HOME Funds previously allocated to the CRA to enable the City and the
CRA to consummate the Settlement Agreement, which transfer shall be contingent
upon the CITY and the CRA executing the Settlement Agreement.
Section 3. This resolution shall be effective upon its adoption.
PASSED AND ADOPTED this 28th day of April, 2003
Arth r E. Teele, Jr., Chairm
(?,441-,Ah J & 6Z,
Percilla A. Thompson
Clerk of the Board
APPROVED AS TO FORM AND
CORRECTNESS:
William R. Bloom, Esq.
Holland & Knight LLP
Special Counsel
MIA1 #1218181 v1
2 SEOPW/CRA
03- 37
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40
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6b - (3)
SETTLEMENT WITH ST. JOHN CDC
Resolution authorizing the Executive Director to request the City of Miami to transfer to St. John CDC
Home Funds to consummate the settlement agreement with respect to the Lyric Village Project.
SE®PW/c
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