HomeMy WebLinkAboutCRA-R-21-0019 Interoffice Memorandum-SUBTHIS DOCUMENT 15 A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE SEOPW Board of Commissioners Meeting
SEEN AT THE END OF THIS DOCUMENT. July 22, 2021
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Jeffrey Watson
Members of the SEOPW CRA Board
From: Cornelius Shiver
Executive Director
BACKGROUND:
Date: July 22, 2021 File:
Subject: Resolution authorizing the amendment of the
SEOPW Development of Region Impact
("DRI")/Increment 3 credits. :2
References:
Enclosures:
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The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency (the "SEOPW CRA") authorizes the amendment of the SEOPW Development of
Regional Impact ("DRI")1 Increment 3 credits.
The Southeast Overtown/Park West Development of Regional Impact ("DRI") was created to mitigate regional
fir impacts of large-scale development and simplify the review process for large-scale developments in the City's
urban core through the "argawide DRI" process, as established by Florida Statutes §380.06 (10). 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. As a result, the CRA and the City of
Miami executed a Memorandum of Understanding establishing the SEOPW CRA as the "developer" of the DRI;
The DRI includes a specified development program for development within the east and west sides of the DRI.
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.
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, that balances deficits of development credits using
exchange rates from Increment III of the DRI, attached as Exhibit A.
This rebalances surplus credits to land uses with a deficit in credits and identifying credits needed for future
anticipated development.
JUSTIFICATION:
Pursuant to Section 163.340(9), Florida Statutes, (the "Act") community redevelopment means "undertakings,
activities, or projects of a ... community redevelopment agency in a community redevelopment area for the
elimination and prevention of the development or spread of slums and blight...:'
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THIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
Section 2, Goal 2 at page 14 of the 2018 Southeast Overtown/Park West Community Redevelopment Agency
Updated Plan (the "Updated Plan") lists "[e]xpand[ing] the Tax Base using Public -Private principles... for sound
real estate ... development, and creating viable commercial corridors within the SEOPW CRA..." as a stated
redevelopment goal.
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 CRA is considered the "developer" of the DR], pursuant to Sec. 380.06 (10) and
memorialized by a Memorandum of Understanding between the City of Miami and the CRA.
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An allocation of funding is not needed for this item.
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SUBSTITUTED
SEOPW Board of Commissioners Meetinc
July V,, 2021
SOUTHEAST OVERTOWNIPARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Jeffrey Watson Date: July 15, 2021 File: 9394
and Members of the CRA Board
Subject: Resolution thorizing amendment of
the SEOP Development of Regional
impact RI"]Ilncrement 3 cre
From: Cornelius Shiver
Executive Director
Enclosures: File # 9394 Backup
BACKGROUND:
The attached Resolution of the Board of Co issioners of the Southeast OvertownlPark West
Community Redevelopment Agency (the " QPW CRA") authorizes the amendment of the
SEOPW Development of Regional Impac 'DRI")1 Increment 3 credits.
The Southeast OvertownlPark West evelopment of Regional Impact ("DRI") was created to
address the critical concerns of using, economic development, and the elimination and
prevention of slum and blight wi In the SEOPW CRA area. DRIs act as credits against impact
fees in that they implement a p cedure that credits a development order fee towards an impact
fee imposed by local ordinan for the same need,
The DRI includes a spe ' ied development program for development within the east and west
sides of the DRI.
Since the implem tation of Increment III of the DRI, the SEOPW CRA has found that it is
necessary to ad' t the development program between the east and west sides of the DRI in order
to appropriat encourage and facilitate the development of housing and employment
opportunitie within the DRI
I/fn
orn and Associates has prepared a memorandum summarizing the analysis of the
prebalancing of the SEOPW CRA DRI program. The analysis was based on the
iprovided by the City's Planning Department and the SEOPW CRA staff, an
dtes the need for rebalancing as depicted in Table 3 of the attached Exhibit A.
This rebalances surplus credits to land uses with a deficit in credits and identifies credits needed
for future anticipated development.
.JUSTIFICATION:
3.1
Pursuant to Section 163.340(9), Florida Statutes, (the "Act") community redevelopme means
"undertakings, activities, or projects of a ... community redevelopment agency in a mmunity
redevelopment area for the elimination and prevention of the development or spr d of slums
and blight...."
Section 2, Goal 2 at page 10 of the 2018 Southeast Uvertown/,and
est Community
Redevelopment Agency Updated Plan (the "Updated Plan") lists "[e]g] the Tax Base
using Public -Privates' principles... for sound real estate ... developmcreating viable
commercial corridors within the SEOPW CTtA..." as a stated redevelopl.
FUNDING:
An allocation of funding is not needed for this item.
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