HomeMy WebLinkAboutCRA-R-21-0019Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-21-0019
File Number: 9394
Final Action Date:7/22/2021
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY WITH
ATTACHMENTS RECOMMENDING AUTHORIZATION OF AMENDMENT OF
SEOPW DEVELOPMENT OF REGIONAL IMPACT ("DRI"), INCREMENT 3
CREDITS; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXCUTE ALL
DOCUMENTS NECESSARY FOR SAID PURPOSE.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency
("SEOPW CRA") is a community redevelopment agency created pursuant to Chapter 163,
Florida Statutes, and is responsible for carrying out Community Redevelopment activities and
projects within its redevelopment area in accordance with the 2018 Southeast Overtown/Park
West Redevelopment Updated Plan (the "Updated Plan"); and
WHEREAS, under Florida Statutes, Section 163.340(9) of the Community
Redevelopment Act, (the "Act"), "community redevelopment means projects of a ... community
redevelopment agency in a community redevelopment area for the elimination and prevention of
the development or spread of slum and blight"; and
WHEREAS, the Southeast Overtown/Park West Development of Regional
Impact ("DRI") was created to simplify the review process for large-scale developments in the
City's urban core through the "areawide DRI" process, as established by Florida Statutes
§380.06 (10); and
WHEREAS, the City of Miami, having adopted this area -wide DRI, took over the
entitlement process of DRIB for large-scale development, especially related to transportation,
thus advancing the SEOPW CRA goals of improving housing, economic conditions, and
eliminating slum and blight within the SEOPW CRA area; and
WHEREAS, the CRA and the City of Miami executed a Memorandum of Understanding
establishing the SEOPW CRA as the "developer" of the DRI, attached as Exhibit "B"; and
WHEREAS, the DRI includes a specified development program for development within
the east and west sides of the DRI; and
WHEREAS, since the implementation of Increment III of the DRI, the SEOPW CRA has
found that it is necessary to adjust the development program between the east and west sides of
the DRI in order to appropriately encourage and facilitate the development of housing and
employment opportunities within the DRI; and
WHEREAS, Kimley-Horn and Associates has prepared an analysis of the DRI dated
April 12, 2021, based on the development program provided by the City's Planning Department,
City of Miami Page 1 of 2 File ID: 9394 (Revision: A) Printed On: 713012021
File ID: 9394 Enactment Number: CRA-R-21-0019
that balances deficits of development credits using exchange rates from Increment III of the
DRI, attached as Exhibit A; and
WHEREAS, this rebalances surplus credits to land uses with a deficit in
credits and identifying credits needed for future anticipated development; and
WHEREAS, Section 2, Goal 2 at page 10 of the 2018 Southeast Overtown/Park West
Community Redevelopment Agency Updated Plan (the "Updated Plan") lists "[e]xpand[ing] the
Tax Base using Public -Privates principles... for sound real estate ... development, and creating
viable commercial corridors within the SEOPW CRA..." as a stated redevelopment goal; and
WHEREAS, pursuant to Section 380.06, Florida Statutes, the DRI was established by a
Development Order. The conditions of the Development Order have been codified by Chapters
13 and 14 of the City of Miami Code. These conditions, requiring that the development credits
be balanced, bring the DRI into compliance with the Development Order conditions. Further,
the SEOPW CRA is considered the "developer" of the DRI, pursuant to Florida Statutes §380.06
(10) and memorialized by a Memorandum of Understanding between the City of Miami and
the SEOPW CRA; and
WHEREAS, the Board of Commissioners finds that authorizing this Resolution would
further the SEOPW CRA redevelopment goals and objectives.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
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 herein as if fully set forth in this Section.
Section 2. The Board of Commissioners hereby authorizes the rebalancing of credits
within the DRI pursuant to the report prepared by Kimley-Horn and Associates dated April 12,
2021.
Section 3. The Executive Director is authorized to execute all documents necessary for
said purpose.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
Anna -Bo manuel, hief Legal Counsel 7/30/2021
City of Miami Page 2 of 2 File ID: 9394 (Revision: A) Printed on: 713012021