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1"TUR-10"ICE MEMORANDUM
DAYS: August 1, 1984
suru�cr; S.E. Overtown/Park West
Phase I Redevelopment
verbert J. Mau*
i IItF[R[NC[f:
Assistant City wamqe [NGLO{UREf:
Commissioner Miller J. Dawkins has expressed concern about a potential
disparity in the City•s approved Phase I Redevelopment Program for
Southeast Overtown/Park Best between the Overtown and Park West sub
areas. Based on our analysis,a greater public commitment is being
put forth within the Overtown sub area during Phase I. The following
facts substantiate this conclusion:
1. Proposed public acquisition within Overtown entails six
parcels (16.7 acres) vs three parcels (11.8 acres) within
Park West.
2. The recommended development program for Overtown includes
875 residential units and 155,000 sq.ft. of commercial space
vs 1,000 residential units and 95,000 sq.ft. of commercial
space for Park West. The major reason for the recommending
of a smaller number of residentail units in Overtown was to
encourage the construction of a greater number of units for
homeownership and a greater amount of area for commercial
space. Four of the six blocks are recommended for homeowner-
ship housing and funding from the Dade County Surtax Board
has been allocated for a second mortgage program for parcel
36 in Overtown.
3. The recommended zoning plan is the same within both the Over -
town and Park West sub areas of Phase I. The most dense
development is being recommended adjacent to the Overtown
Transit Station. The Overtown sub area has the potential to
support 2,200 residential units and 1,000,000 sq.ft. of
commercial space vs 1,600 residential units and 600,000 sq.ft.
of commercial space for Park West.
4. There will be a far greater number of people to be relocated
within the Overtown sub area. Approximately 87% of the 400
occupied housing units to be relocated are located within
Overtown due to the significantly higher residential densities.
-2- August 1, 1984
4 S trum")
#St of the existing units within the Overtown sub area
am nnbstaMard. All relocation will be to standard housing.
1#prcxl&ately 200 units of new public housing is available for
0-vortmn displacees within Overtown.
�. A Property Owners Equity Participation Plan has been established
for the four -block UNTA area within Overtown to encourage former
property owners to participate in the redevelopment of the area.
No such plan exists for park Nest or the remaining parcel within
Overtown (Ito. 2S) which is to be developed for Affordable Rental
Rousing. Parcel 36 is already in public ownership.
6. It is anticipated that total public expenditure during Phase I
will be equal between the two sub areas due to the higher land
values found in Park West.
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«Iftfbert J. D&ii*y
Usistant C,Ity Mai
74
•Alt: August 1, 1984
su•�r�T: B.S. Overtown/Park West
Housing and Redevelop -
meet Bonds
The table on the following page delineates recommended reallo-
cation of funds for utilization of proposed bond funds
($20,000,000 vs. $10,000,000 issue).
Approximately 75% of the bond funds are recommended for projects
within the Overtown subarea ($15,000,000 or $7,500,000) depend-
ing on the size of the issue.
+44L{e..ii'
$lDgD VP1161S UTION Or
POOPOOM DMD 1Ub8
Ova/Mm NMI
RNME'UPPONT P1YY
$20, 000, 000 $10, 000, 000
Bond Issue Bond Issue
'
,;, P lid Activity
Allocations Allocations
,�
the acquisition of land for the
$8,0000000 $4,000,000
Ordstruation of low- and moderate-
inecs a housiAge ancillary com-
•ercial development and public
facilitiest
• the demolition of blighted
500,000 250,000
structures:
- the relocation of residents and
11000,000 500,000
businesses displaced by public
aequisitiont
- the construction of site and
750,000 375,000
infrastructure improvements,
including the 9th Street Mallt
- the provision of financial
2,000,000 11000,000
assistance for the construction
of low -and moderate -income
housing, including mortgage
financings
- the acquisition of land, struc-
2,750,000 1,375,000
tural relocation expenses, and
structural rehabilitation of
buildings of historic and cul-
tural significance, as part of
the development of the Overtown
Historic Village Economic Devel-
opment Project in conjunction
with the Black Archives; and
- the construction of housing for
51000,000 2,500,000
residential displacees from the
project area within the Overtown
Community Development Target Area.
If suitable relocation resources
are not available, the City, as
outlined in the redevelopment
plan is committed to construct
208 units of "last resort" hous-
ing for residents who will be
displaced by redevelopment that
takes place within the area
between N.W. 8th and llth Streets
west of 1st Avenue.
130:BU:8-1-84