HomeMy WebLinkAboutCRA-R-22-0047Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-22-0047
File Number: 12827
Final Action Date:10/27/2022
THIS RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY, WITH ATTACHMENT(S), RETROACTIVELY APPROVING THIS
AMENDED "EXHIBIT A" THE MEMORANDUM OF UNDERSTANDING OF
OCTOBER 10, 2022 ("MOU") BETWEEN SEOPW CRA AND BLOCK 55
RESIDENTIAL PARTNERS, L.P. FOR THE UNUSED DEVELOPMENT RIGHTS;
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ANY AND ALL
DOCUMENTS REQUIRED TO CONSUMMATE THE TRANSACTION;
PROVIDING FOR INCORPORATION OF RECITALS; AND PROVIDING FOR AN
EFFECTIVE DATE.
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 2009 Southeast Overtown/Park West Community Redevelopment Plan
("Plan"); and
WHEREAS, Florida Statutes, Section 163.370(2)(e)(4) of the Community
Redevelopment Act authorizes the disposal of real property; and
WHEREAS, Section 2, Goal 3 on page 11 of the Plan lists the "creat[ion of] infill
housing, diversity in housing types, and retaining affordable housing, as a stated redevelopment
goal; and
WHEREAS, Section 2, Goal 4 and 6 on page 11 of the Plan lists the "creat[ion of] jobs
within the community" and "improving quality of life for residents" as stated redevelopment
goals; and
WHEREAS, Section 2, Principle 4 on page 14 of the Plan provides that "[t]he
neighborhood ... retain access to affordable housing..." as a stated redevelopment principle; and
WHEREAS, Section 2, Principle 4 on page 14 of the Plan provides that "employment
opportunities be made available to existing residents..." as a stated redevelopment principle; and
WHEREAS, Section 2, Principle 6 on page 15 of the Plan further provides that in order to
"address and improve the neighborhood economy and expand economic opportunities of present
and future residents and businesses [,] [it] is necessary to] support and enhance existing
businesses and... attract new businesses that provide needed services and economic
opportunities..." as a stated redevelopment principle; and
WHEREAS, "Exhibit A", The Memorandum of Understanding of October 10, 2022 ("MOU" ),
benefits the SEOPW CRA by permitting the transfer/sale of unused development rights in
City of Miami Pagel of 2 File ID: 12827 (Revision:) Printed On: 111812022
File ID: 12827 Enactment Number: CRA-R-22-0047
exchange for a financial return to the SEOPW CRA. Resolution CRA-R-22-0034 with Exhibit
"A" approved a MOU between SEOPW CRA and Block 55 Residential Partners, L.P. for the
unused development rights retroactively approving this amended "Exhibit A", MOU.
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, as attached hereto and incorporated
herein as Exhibit "A", and approves the terms contained therein.
Section 3. The Executive Director is authorized to execute any and all documents
required to consummate the transaction.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
ykrcegP;P-r,bunsel 10120/2022
City of Miami Page 2 of 2 File ID: 12827 (Revision:) Printed on: 111812022