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Home My WebLink AboutCRA-R-19-0047Southeast Overtown/Park West i Community Redevelopment Agency Legislation CRA Resolution: CRA-R-19-0047 File Number: 6948 Final Action Date:12/16/2019 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, WITH ATTACHMENT(S), AUTHORIZING THE EXECUTION OF A REAL PROPERTY EXCHANGE AGREEMENT BY AND BETWEEN THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY AND OVERTOWN ASSOCIATES, LLC, IN SUBSTANTIALLY THE FORM, ATTACHED AND INCORPORATED HEREIN AS EXHIBIT "A"; AUTHORIZING SUCH INSPECTIONS AND DUE DILIGENCE DEEMED NECESSARY BY THE EXECUTIVE DIRECTOR; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE; NO BUDGETARY IMPACT. 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 Plan Update ("Redevelopment Plan Update"); and WHEREAS, Section 163.380, Florida Statutes, sets forth the requirements for the disposal of property owned by a community redevelopment agency within a community redevelopment area; and WHEREAS, Section 163.380(1), Florida Statutes, authorizes that "any... community redevelopment agency may sell, lease, dispose of, or otherwise transfer real property .... to any private person... in accordance with the community redevelopment plan"; and WHEREAS, Section 163.380(2), Florida Statutes, provides that "such real property... shall be sold, leased, or otherwise transferred or retained at a value determined to be in the public interest for uses in accordance with the community redevelopment plan...."; and WHEREAS, Section 163.380(2), Florida Statutes, further provides that "in determining the value of real property as being in the public interest for uses in accordance with the community redevelopment plan, the county, municipality, or community redevelopment agency shall take into account and give consideration to the long-term benefits to be achieved by the county, municipality, or community redevelopment agency resulting from incurring short-term losses or costs in the disposal of such real property"; and City of Miami Page 1 of 4 File ID: 6948 (Revision: A) Printed On: 1211712019 File ID: 6948 Enactment Number: CRA-R-19-0047 WHEREAS, Section 2, Goal 5, on page 10 of the Redevelopment Plan Update lists promot[ing] and market[ing] the community as a Cultural and Entertainment Destination rich in history with a distinctive and strong sense of place that is attractive to families and individuals of all backgrounds making the SEOPW area a unique community" as a stated redevelopment goal; and WHEREAS, Section 4, at page 43 of the Redevelopment Plan Update identifies the Overtown Culture and Entertainment District in "Project Area B" and describes in detail the development plans for the Culture and Entertainment District; and WHEREAS, the SEOPW CRA seeks authorization to dispose of, or otherwise convey, fourteen (14) parcels of SEOPW CRA-owned land to Overtown Associates, LLC in exchange for four (4) parcels owned by Overtown Associates, LLC to be conveyed to the SEOPW CRA along with a one-time cash payment of $2,591,000.00, under the Real Property Exchange Agreement ("Agreement"), in substantially the form attached as Exhibit "A". Overtown Associates, LLC shall develop the fourteen (14) parcels in accordance with the Redevelopment Plan Update and the Historic Overtown Culture and Entertainment District Master Plan ("Master Plan"); and WHEREAS, the property disposition under this Agreement is in furtherance of, and in accordance with, the Redevelopment Plan Update and the Master Plan. WHEREAS, on June 27, 2019, the Board passed Resolution No. CRA-R-19- 0017 accepting and adopting the Master Plan. The Master Plan is an updated version of the1998 Historic Overtown Folklife Village Master Plan which focuses on the history and culture of the African diaspora while incorporating the Harlem Renaissance, and its historic impact on the Overtown community; and WHEREAS, on July 30, 2019, the SEOPW CRA issued Request for Proposals 19-02 ("RFP") for the disposition and development of the fourteen (14) parcels of land, as identified in the Agreement; and WHEREAS, on September 16, 2019, the SEOPW CRA received three (3) responses to the RFP from the following proposers: (1) Overtown Children & Youth Coalition, (2) Riprock Homes, Inc., and (3) Overtown Associates, LLC; and WHEREAS, on September 26, 2019, the SEOPW CRA held a publicly noticed selection committee meeting where the committee ranked the proposals and selected Overtown Associates, LLC as the top -ranked firm; and WHEREAS, on October 7, 2019, the SEOPW CRA filed a Notice of Intention ("Notice") to execute a negotiated agreement with Overtown Associates, LLC for the disposition and development of the fourteen (14) parcels of land owned by the SEOPW CRA, not less than thirty (30) days from the issuance of the Notice; and WHEREAS, the SEOPW CRA now recommends that the Board authorize the conveyance of fourteen (14) vacant parcels of real property to Overtown Associates, City of Miami Page 2 of 4 File ID: 6948 (Revision: A) Printed on: 12/17/2019 File ID: 6948 Enactment Number: CRA-R-19-0047 LLC in exchange for the conveyance of four (4) parcels of real property, of which one parcel is a multi -unit apartment building, in addition to a one-time cash payment of $2,591,000.00. Overtown Associates, LLC shall develop the fourteen (14) parcels in accordance with the Redevelopment Plan Update and the Master Plan. The acceptance of three (3) of those parcels conveyed to the SEOPW CRA will provide a footprint to develop a major mixed -use affordable housing project; and WHEREAS, the Agreement not only furthers the Master Plan, but it also embraces the original goal of economic revitalization through the development of a retail corridor with mixed -use facilities. The Agreement is in the interest of the public and in furtherance of the goals and principles of the SEOPW CRA, and significantly, will fast track the implementation and development of the Master Plan; and WHEREAS, the Board of Commissioners wishes to authorize the disposal of, or otherwise conveyance of, fourteen (14) parcels of SEOPW CRA-owned land to Overtown Associates, LLC in exchange for four (4) parcels owned by Overtown Associates, LLC to be conveyed to the SEOPW CRA along with a one-time cash payment of $2,591,000.00, under the Agreement; and WHEREAS, the Board of Commissioners finds that this Resolution furthers the SEOPW CRA's redevelopment goals and objectives set forth in the Redevelopment Plan Update. 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 disposal of, or otherwise conveyance of, fourteen (14) parcels of land owned by the Southeast Overtown/Park West Community Redevelopment Agency to Overtown Associates, LLC in exchange for four (4) parcels owned by Overtown Associates, LLC to be conveyed to the Southeast Overtown/Park West Community Redevelopment Agency along with a one-time cash payment of $2,591,000.00, under the Real Property Exchange Agreement, attached and incorporated herein as Exhibit "A". Section 3. Overtown Associates, LLC shall develop the fourteen (14) parcels of land owned by the Southeast Overtown/Park West Community Redevelopment Agency in accordance with the 2018 Southeast Overtown/Park West Redevelopment Plan Update and the Historic Overtown Culture and Entertainment District Master Plan. Section 4. The Executive Director is authorized to perform such inspections and due diligence as deemed necessary for said purpose. City of Miami Page 3 of 4 File ID: 6948 (Revision: A) Printed on: 12/17/2019 File ID: 6948 Enactment Number: CRA-R-19-0047 Section 5. The Executive Director is authorized to execute the Real Property Exchange Agreement, in substantially the attached form, attached and incorporated herein as Exhibit "A," and all other documents necessary for said purpose. Section 6. No Budgetary Impact. Section 7. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: Gcrranus Shiver, Executive Director 12/17/2019 City of Miami Page 4 of 4 File ID: 6948 (Revision: A) Printed on: 12/17/2019