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HomeMy WebLinkAboutR-87-0665J-87-592 6/26/87 M RESOLUTION NO . ��w " +► A RESOLUTION AUTHORIZING AND DIRECTING THE CITY MANAGER TO EXECUTE A PRELIMINARY DEVELOPMENT AGREEMENT (PDA) WITH THE FLORIDA DEPARTMENT OF COMMUNITY AFFAIRS (DCA), IN SUBSTANTIALLY THE FORM ATTACHED, FOR THE DEVELOPMENT OF PHASE I OF THE SOUTHEAST OVERTOWN/PARK WEST REDEVELOPMENT PROJECT; SAID RESOLUTION SUPERSEDING A PRIOR AUTHORIZATION AS REFLECTED IN RESOLUTION NO. 87- 373 ADOPTED APRIL 30, 1987. WHEREAS, by agreement with the Florida Department of Community Affairs dated June 24, 1985, as amended, the City, through the Downtown Development Authority (DDA), committed itself to submit an Application for Development Approval (ADA) for Downtown Miami as a Development of Regional Impact (DRI) pursuant to Section 380.06(21), Florida Statutes; and WHEREAS, said agreement was entered into to expedite the development of the Bayside Specialty Center and the Bayfront Park Redevelopment projects; and WHEREAS, by Resolution No. 86-622 the City Commission authorized the preparation of an ADA for the Southeast Overtown/Park West Redevelopment Project inasmuch as the Park West portion of the Project area lies within DDA boundaries; and WHEREAS, by Resolution No. 87-90 the City Commission approved the transmittal of the ADA for the Southeast Overtown/Park West Redevelopment Project DRI to the South Florida Regional Planning Council; and WHEREAS, selected Phase I developers (Resolution No. 85-393) of the Southeast Overtown/Park West Redevelopment Project are ready to commence construction; and WHEREAS, Florida Statutes, 380.06(8) requires that a Preliminary Development Agreement (PDA) be entered into with the Florida Department of Community Affairs to allow construction to begin prior to the issuance of a Development Order under the ADA for the Southeast Overtown/Park West DRI; CITY CommlSSI��i'd �._.� MEETING Ci' JUL 9 IF-0 ` RESOLUTION No. �����_ REMARKS: NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The City Manager is hereby authorized and directed to execute a Preliminary Development Agreement with the Florida Department of Community Affairs, in substantially the form attached, for the development of Phase I of the Southeast Overtown/Park West Redevelopment Project. Section 2. This Resolution supersedes a prior authorization as reflected in Resolution No. 87-373 adopted April 30, 1987. PASSED AND ADOPTED THIS 9th d of Jul-X 1987. AVIER L. SUA , MAYOR ATTEST MATTY HIRAI, CIT RK PREPARED AND APPROVED BY: -r�' t-� 1/ . 6?r6rt, :T F. CLARK, CHIEF DE! APPROVF,E' AP TO FORM AND CORRECTNESS: , CITY ATTORNEY Page No. 2 PRELIMINARY DEVELOPMENT AGREEMENT FOR SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT PROJECT This Agreement is entered into between the City of Miami ("Owner"), Cruz Development Company, Can -American Realty Corporation/Northport, Indian River Investments of Miami Inc., and Circa/Harness/Sawyer ("Developers") and the State of Florida, Department of Community Affairs ("Department") subject to all other governmental approvals and solely at the Owner's and Developers' own risk. WHEREAS, the Department is the state land planning agencyhaving the g power and duty to exercise general supervision of the administration and enforcement of Chapter 380, Florida Statutes, which includes provisions relating to developments of regional impact (DRI); and WHEREAS, the Department is authorized to enter into preliminary development agreements pursuant to Subsection 380.06(8), Florida Statutes (1985), and Rule 9J-2.0185, Florida Administrative Code; and WHEREAS, the Owner is a Florida municipal corporation, which owns in fee simple the portions of Blocks 24, 37, 46 and 55, located in Miami, Dade County, Florida, more particularly described in Exhibit "A" to this Agreement; and WHEREAS, the Owner and Developer state that: A. Developer, Cruz Development Company is a General Partnership; Developer, Can -American Realty Corporation/Northport is a Minnesota corporation; Developer,. Indian River Investments of Miami, Inc., is a Florida corporation; Developer, Circa/Barness/Sawyer is a General Partnership; and the' -Developers I� propose to construct the first phase of a project known as the ,j "Southeast Overtown/Park. West Community Redevelopment Project" hereinafter referred to as "the Project"; and S. The Project entails the redevelopment of 200 acres of prime real estate adjacent to the Miami Central Business District, more particularly described' in Exhibit "H" to this Agreement; and = I C. The redevelopment effort for new residential units and commercial space is scheduled to Occur in three phases to be completed in the year 2005 and is intended to transform a presently blighted, under-utilized land area into a socially and economically integrated Community by providing a total of 1,003,500 square feet of office space, 1940-100 square feet of retail/service space, 1100 hotel rooms, 9000 residential units and 600,000 square feet for a convention center; and D. The Project location is now within a two hundred (200) acre neighborhood declared a blighted area pursuant to Section 163.360, Florida Statutes, which Owner is endeavoring to transform into an integral component of the Miami central business district; private and public investment in this area is essential to this transformation; and E. Construction of the Phase I residential units and commercial space of the Project, scheduled to occur between 1986 and 1992, will be a major public and private capital investment in the redevelopment of Southeast Overtown/Park West, thus its construction is intended to encourage investor confidence in this area; and F. The City has selected the Developers and development programs based upon the qualifications and experience of the Developers in designing, developing, building and operating other residential units and commercial space throughout the United States, as well as the financial benefits which the City will enjoy as a result of the business plan proposed by these Developers; and G. The Southeast Overtown/Park West Redevelopment Project Master Plan was approved by the City of Miami Commission and the Board of County Commissioners for Dade County; and H. Early construction of the residential units, retail space and office space will have a significant positive financial impact upon the City of Miami and the region, to wit: (1) the development is an essential element and major capital • 2 - s� investment in the redevelopment of the Southeast Overtown/Park West Community Redevelopment Project and early development will significantly enhance the Project's success by encouraging investor confidence in the Project and in this area. and (2) construction of the Miami Arena is currently under way and development of the residential units and commercial space which comports with the Miami Arena construction schedule will have a positive impact on the tourist, hotel and entertainment economies of the City and the region; and I. The Downtown DRI for the Project, which shall assess all the impacts associated with the entire development of the Project, including the preliminary development authorized by this Agreement, was filed in February, 1987; and J. The Developers propose to develop approximately 1020 residential units with up to 40,000 square feet of commercial space, parking and ancillary facilities, of the Southeast Overtown/Park West Community Redevelopment Project, prior to issuance of a final development order; and K. Owner shall pay, or cause to be paid, any and all impact fees or exactions required by the development order which derive from the development authorized by this Agreement; and L. Owner has determined that the portions of the Blocks referred to in Exhibit A, which Developers propose to develop shall not impact any known archeological site or historical site; and M. The South Florida Regional Planning Council staff has examined the proposal and has advised the parties that the proposed preliminary development is not likely to cause material adverse impacts to regional resources or planned facilities; and N. Developers and Owner do have other unrelated interests in land and developments within a five (5) mile radius of the Project; and 3 - i �►` "'sky ii ■'k NOW, THEREFORE, it is understood and agreed: 1. The Developers and Owner assert and warrant that all the representations and statements concerning the Project made to the Department contained in this Agreement are true, accurate, and correct. Based upon said representations and statements, the Department concludes that this Agreement is in the best interest of the State, is necessary and beneficial to the Department in its role as the state agency with the responsibility for the administration and enforcement of Chapter 380, Florida Statutes, and reasonably applies and effectuates the provisions and intent of Chapter 380, Florida Statutes. 2. The Project is a development of regional impact as defined by Section 380.06, Florida Statutes. The Owner and Developers have filed a Downtown ORI Application for Development Approval pursuant to Section 380.06(22), Florida Statutes. 3. Time is of the essence. Failure to diligently proceed in good faith to obtain a final development order shall constitute a breach of this Agreement. In the event of such a breach, the Developers and Owner shall immediately cease all development of the Project, including the preliminary development authorized by this Agreement. 4. The Developers may undertake the following preliminary development of the total approved Project, after the date of execution of this Agreement and prior to issuance of a final Downtown DRI development order: 4 _ C, Number of Number of Hous'-g Units Sq. Ft. Narrative Housing Units Reserved for L. to Moderate Income Households Commercial Pa. Ang Space Space Developer Block Description Cruz 24 Seventy (70) lowrise units 466 70 23,000 463 Development with walkup; sixty-six (66) Company lowrise units with elevator; three hundred twenty (320) units in highrise;swimming pool. Can- 37 Two (2) residential towers, 356 53 0 470 American 21 and 16 stories respec- Realty tively; two (2) pools, two Corporation/ (2) tennis courts and Northport covered parking structure. Indian River 46 Three 4-story buildings 28 Primary financing shall be avail- able from single family mortgage 0 28 Investments containing 12, 8 and 8 units, respectively. revenue bonds and second mortgage of Miami, Inc. financing shall be available through Dade County surtax pro- gram. Conceptually, one hundred percent (100%) of the units may be sold to low and moderate income households depending on whether the buyers take advantage of the financing programs available. Circa/ 55 One 13-story midrise apart- 164 25 I3,300 l8I Barness/ ment building including 13,300 sq. ft. of commercial Sawyer space; two.3-story apartment buildings; enclosed parking .•� i structure and swimming pool. 1014 176* 36,300 1,142 TOTAL P,(Assuming one hundred percent (1001),or (28 Units) of Indian River buyers take advantage of the Financing programs available.) 61 5. The Developers may complete construction and allow occupancy and use of all of the approved residential units, square feet of commercial space, and parking space, set forth in i Paragraph 4 of this Agreement, prior to issuance of a final development order. 6. Owner shall pay, or cause to be j p y paid, any and all impact fees or exactions required by the downtown DRI development i order which derive from the development authorized by this Agreement. i - 7. Developers and Owner may continue in other I unrelated developments, outside of the area described in Exhibit A, which are within a five (5) mile radius of the Project. i ` 8. The preliminary development authorized by this Agreement is more than 25% and less than 80% of any applicable numerical guideline and standard as set forth in Subsection 380.06(2), Florida Statutes (1985). The Developers have demonstrated that the preliminary development is in the best interest of the State and local government in that early construction will have a positive impact because: (a) The Project is in a designated blighted area and redevelopment of blighted areas is a matter of local and state policy and concern and is to be promoted in an effort to eliminate such areas pursuant to Section 163.335, Florida Statutes; (b) The Project will (i) facilitate the removal of blight which tarnishes the image and reputation of the surrounding community and reduces the desirability of the community as a place to visit and live; (ii) 'induce private sector investment in the revitalization of a slum and blighted area by creating a commercially viable area for residents to live and work; (c) The Project provides economic benefits in jobs and salaries by establishing a minority participation program for construction contracting and employment which is - 6 - r� i J� P i consistent with the Minority Participation Criteria for i� Redevelopment in Southeast Overtown/Park West, Section J of the Southeast Overtown/Park hest Redevelopment Plan. a 9. The Developers and Owner shall not claim vested rights, or assert equitable estoppel, arising from this Agreement i or any expenditures or actions taken in reliance on this Agree- ment to continue with the total proposed development beyond the preliminary development authorized herein. This Agreement shall not entitle the Developers or the Owner to a final development order approving the total proposed development nor to particular l conditions in a final development order. 10. In the event of a breach of this Agreement or failure to comply with any condition of this Agreement, or if this Agreement is based upon materially inaccurate information, the Department may terminate this Agreement or file suit to enforce this Agreement as provided in Sections 380.06 and 380.11, Florida Statutes, including a suit to enjoin all development. The prevailing party of any administrative or judicial proceedings shall be entitled to an award of reasonable attorneys fees and costs. 11. Nothing in this Agreement shall constitute a waiver by any party of the right to appeal any development order pursuant to Section 380.07, Florida Statutes. 12. The restrictions and conditions of the final f development order issued pursuant to Chapter 380, Florida Statutes, shall supersede the restrictions and conditions upon development contained in this Agreement, if any. 13. This Agreement affects the rights and obligations of the parties under Chapter 380, Florida Statutes. It is not intended to determine or influence the authority or decisions of any other state or local government or agency in issuance of any other permits or approvals which might be required by state law or local ordinance for any development authorized by this Agree- ment. This Agreement shall not prohibit the regional planning - 7 - agency from reviewing or commenting on any regional issue that the regional agency determines should be included in the regional agency's report on the ADA. 14. The terms and conditions of this AcreemLmnt -Qra>> inure to the benefit of and be binding upon the heirs, personal representatives, successors and assigns of the parties hereto. The Developers and Owner shall ensure and provide that any successor in interest in and to any lands or parcels affected by this Agreement is bound by the terms of this Agreement. The Developers shall record this Agreement in the Official Records of Dade County, Florida, and shall provide the Department with a copy of the recorded Agreement including Book and Page number within two (2) weeks of the date of execution of this Agreement. 15. Owner and the Department acknowledge and agree that the Project will be considered an existing development in the City's processing and approval of the Downtown DRI for the City of Miami. 16. The rights and obligations of the parties hereto shall inure to the benefit of and shall be binding upon the successors and assigns of the parties. 17. The date of execution of this agreement shall be the date that the last party signs and acknowledges this Agreement. Witnesses: STATE OF FLORIDA ) SS: COUNTY OF ) DEVELOPER CRUZ DEVELOPMENT COMPANY By: General Partner The foregoing instrument was acknowledged before me this day of , 1987, by of CRUZ DEVELOPMENT COMPANY, a General Partnership. NOTARY PUBLIC (SEAL) STATE OF FLORIDA AT LARGE My Commission Expires: 8 Witnesses: DEVELOPER CAN-AMERICAN REALTY CORPORATION/NORTHPORT BY: STATE OF FLORIDA ) SS: COUNTY OF ) The foregoing instrument was. acknowledged before me this day of , 1987, by of CAN-AMERICAN REALTY/NORTHPORT, a Minnesota corporation. NOTARY PUBLIC (SEAL) STATE OF FLORIDA AT LARGE My Commission Expires: Witnesses: STATE OF FLORIDA DEVELOPER INDIAN RIVER INVESTMENTS OF MIAMI, INC. BY: SS: COUNTY OF ) The foregoing instrument was acknowledged before me this day of , 1987, by of INDIAN RIVER INVESTMENTS OF MIAMI, INC., a Florida corporation. NOTARY PUBLIC (SEAL) STATE OF FLORIDA AT LARGE My Commission Expires: - 9 - i 1 P Witnesses: STATE OF FLORIDA DEVELOPER CIRCA/BARNESS/SAWYER By: General Partner SS: COUNTY OF ) The foregoing instrument was acknowledged before me this day of , 1987, by of CIRCA/BARNESS/SAWYER, a General Partnership. (SEAL) My Commission Expires: Witnesses: NOTARY PUBLIC STATE OF FLORIDA AT LARGE OWNER CITY OF MIAMI By: CESAR ODIO, City Manager STATE OF FLORIDA ) SS: COUNTY OF ) The foregoing instrument was acknowledged before me this day of , 1987, by CESAR ODIO, City Manager of the CITY OF MIAMI, a Florida municipal corporation. (SEAL) My Commission Expires: APPROVED AS TO FORM AND CORRECTNESS: CITY OF MIAMI LUCIA A. DOUGHERTY j City Attorney r 10 - NOTARY PUBLIC STATE OF FLORIDA AT LARGE 0 APPROVED AS TO FORM AND LEGAL SUFFICIENCY: DEPARTMENT OF COMMUNITY AFFAIRS General Counsel Witness: Witness: DEPARTMENT OF COMMUNITY AFFAIRS 2571 Executive Center Circle, E. Tallahassee, FL 32301-8244 STATE OF FLORIDA ) ) SS: . COUNTY OF LEON ) The foregoing instrument was acknowledged before me this day of , 198_, by of the Department of Community Affairs, an agency of the state of Florida, on behalf of the Department. (SEAL) My Commission Expires: SCA0137 NOTARY PUBLIC STATE OF FLORIDA AT LARGE S 7 -r �•; t I-S 12 EXHIBIT A Block: 24 Legal Description: Block 24N, Lots 1-24, Miami (A.L. Knowlton) 9-41. Block: 37 Legal Description: Block 37N, Lots 1-24, Miami (A. L. Knowlton), B-41. Block: 46 Legal Description: Block 46N, Lots 1-20, Miami (A. L. Knowlton)v B-41. Block: 55 Legal Description: Block 55N, Lots 1-20, Miami (A. L. r Knowlton), B-41. I AI 3-., 5% UJLJU 46 1..S6 E:1 uu QU uu uu04* 2�-] L-- CX3� L_j Ell❑ �D L I AKIN 1�1 �� a lost 2w E10 wager • Ellat longer, z Elio, A E LUI E: , P-- Ll an set— Ap c-nvi-rpvr44ZT n1ff=RTnWN/PARK WEST PHASE I REDEVELOPMENT AREA /-� PROJECT LEGAL DESCRIPTION The Southeast OvertDwn/Park hest COmMunity Redevelopment Protect area boundaries are N.W.• Sth Streit on the south, 2-9$ on the west, 2-395 on the north, and Biscayne Boulevard on the east (see Maps A-1 and A-2); or Beginning at a point at the intersection of the center line of N.E. Sth Street; thence west on the center line on N.E. Sth Street (and N-W• Sth Street) to the east ROW line of 2-9S; thence northwesterly on the east Row line of i-9S to the south ROW line of 2-395; thence easterly on the south ROW line of 2-395 to the center line of Biscayne Boulevards thence southerly on the center line of Biscayne Boulevard to the point of beginning, comprising 4 209.38 acres more or less; or Blocks 2N, 3N, 4N, SN, GN, 7N, 14N, 15N, 17N, 18N, 19N, 20N, 21N, 22N, 23N, 24N, 25N, 34N, 35N, 36N, 37N, 38N, 39N, 40N, 41N, 42N, 43N8 44N, 45N, 55N, SGN, 57N, 38N, 59N, 60N, 61N, 62N, 65N, GSE, 66N, a portion of 27N, and all existing street rights-cfway ► %ween said blocks; Section 37, Township 53 South, Range 41 L-4t, A.L. Knowlton Map of Miami (8-41); and Blocks 7, Be 9, 10, 19, 204 21, portions of blocks 6, 1-1, 16, and all existing street rights=of-way between said blocks; Section 36, Township 53 South, Range 41 East, Alice Baldwin, Jenny M., and Charles E. Oxar Subdivision A-57 Amended (8-87); and Blocks 2, 8, 4, 10, 11, a portion of block 3, and all existing street rights -of -way between said blocks; Section 36, Township 53, Range 41 East, Sosts Subdivision (8-27); and Blocks 1, 8, and all existing street rights-cf-way between said blocks; Section 36, Township 53, Range 41 East, Perry Division (8-163); and Greyhound Center (77-98); Section 370 Township 53 South, Range 41 East, A.L. Knowlton Map of Miami•(8-41); and Block 46N, Section 37, Township 53 South, Range 41 East, G.G. Bolles (1-16); and Blocks 16N, 26N, and all existing street rights -of -way between said blocks; S37, Township 53, Range 41 East, P.W. White Re -Subdivision (B-34); and Blocks 59N, 60N, and all existing street rights -of -way between said blocks, Section 37, Township 53, Range 41 East, Miami South Ralf - Blocks (1-185). and RTY SEC CORPS 3-172, J.A. Danns Sub 7-36 Blocks C and D, Howard Johnson Sub 79-87, Jones Resub 3-176, Section 37, Township 53 South, Range 41 East, A.L. Knowlton Map of Miami ( 8-41) . r, EXHIBIT r, I 4 rr � s Q 5 ~ t r • ad -r NOrsTN NM tl s? ow N ST i 1M 64 IT I 1 _ NM 4 ST D MW 36 �T "Na cooft NOT am Avt) "A" AK MRKC An[ — • ! SOUTHEAST OVERTOWN/PARK WEST " -O w WINDOM wait w #A• ,�•� •wlsf a - • c mom SAY CAUSEWAY s • W ej VENETIAN CAUSTWAY i J �. q.�. .wr v "palm's Nn wo Metes seeN LOCATIO MAP MAP A-1 1 -GARMENT � CENTER 0 CIVIC OVE-- CENTER MNI MID TOW ?: MY ONISLAND • N.sST.1.. GOVERNMENT enYSIDE p0 CENTER RTD CeD 17TLE fM�gMi HAVANA 13RICKEL,L. ® Ovettown Q PsTk West SOUTHEAST OVERTOWN/PARK WEST �--•- ,wiftown wan ev saw swats-sca MAP 11-2 VICINITY MAP (I I II o �w iwo To: Honorable Mayor and Members of the City FROmCesar City CITY OF MIAMI, FLORIDA INTIER-OFFICE MEMORANDUM CC ission H. Odio 60 Manager RECOMMENDATION: DATE: J U N 3 0 1987 RILE: SUBJECT: RESOLUTION ON PRELIMINARY DEVELOPMENT AGREEMENT FOR SOUTHEAST OVERTOWN/PARK WEST REDEVELOPMENT PROJECT DRI REFERENCES: ENCLOSURES: Commission Meeting 7/09 /87 It is respectfully recommended that the City Commission approve the attached resolution authorizing and directing the City Manager to execute a Preliminary Development agreement (PDA) with the Fl- ida Department of Community Affairs (DCA), in substantially t'-- form attached, for the development of Phase I of the Southeast Overtown/Park West Redevelopment Project; said resolution superseding a prior authorization as reflected in Resolution No. 87-373 adopted April 30, 1987. BACKGROUND: The Department of Development and the Law Department have analyzed and reviewed this Preliminary Development Agreement (PDA). The PDA is to be entered into between the City and Florida Department of Community Affairs (DCA) to facilitate the Phase I development of the Southeast Overtown/Park West Redevelopment Project. The attached PDA incorporates language suggested by DCA at a June 3rd meeting held at the South Florida Regional Planning Council (RPC). The proposed modification will allow the construction and occupancy of up to 1014 housing units and 40,000 square feet of commercial space. This change is needed to assist Phase I developers in obtaining financing for their projects which will be initiated prior to the issuance of a Development Order. Florida Statutes, 380.06(8) requires that a PDA be entered into with DCA to allow construction to begin prior to the issuance of a Development Order under the Application for Development Approval (ADA) for the Southeast Overtown/Park West Redevelopment Project Development of Regional Impact (DRI). J-4 -/ t Honorable Mayor and Members of the City Commission Page 2 The City Commission authorized the preparation of the ADA in July, 1986, and approved the transmittal of the ADA to the RPC in January, 1987. Based on review and comment procedures embodied in F.S., 380 the RPC will not consider the Development Order for the Southeast Overtown/Park West DRI until September, 1987. Phase I developers are scheduled to commence construction this summer. Attachment Z