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HomeMy WebLinkAboutSEOPW CRA 2021-09-13 Agenda PacketCity of Miami 819 NW 2nd Ave 3rd Floor Miami, FL 33136 http.//miamicra. com Meeting Agenda Monday, September 13, 2021 12:00 PM City Hall 3500 Pan American Drive Miami, FL 33133 SEOPW Community Redevelopment Agency Jeffrey Watson, Chair, District Five Alex Diaz de la Portilla, Vice Chair, District One Ken Russell, Board Member, District Two Joe Carollo, Board Member, District Three Manolo Reyes, Board Member, District Four SEOPW CRA OFFICE ADDRESS: 819 NW 2ND AVENUE, 3RD FLOOR MIAMI, FL 33136 Phone: (305) 679-6800 1 Fax (305) 679-6835 www.miamicra.com Southeast Overtown/Park West CRA Meeting Agenda September 13, 2021 CALL TO ORDER CRA PUBLIC COMMENTS CRA RESOLUTION i al zfily 0 *1911 111Is] i 10585 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY'S PROPOSED GENERAL OPERATING AND TAX INCREMENT FUND BUDGET, IN THE AMOUNT OF $86,063,253.00, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2021 AND ENDING SEPTEMBER 30, 2022 AS SET FORTH IN EXHIBIT "A"; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF SAID BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY. File # 10585- Exhibit A 2. CRA RESOLUTION 10586 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING A CONSTRUCTION GRANT TO NEGRA Y FUERTE FOR THE BUILDOUT OF A CAFE AND BAR CONCEPT ON THE GROUND FLOOR OF THE SOLESTE GRAND CENTRAL, LOCATED AT 218 NW 8TH STREET, MIAMI, FL 33136, IN AN AMOUNT NOT TO EXCEED $325,000.00; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; FUNDS ALLOCATED FROM SEOPW "OTHER GRANTS AND AID" ACCOUNT CODE NO.-10050.920101.883000. FILE # 10586- Backup City of Miami Page 2 Printed on 813112021 Southeast Overtown/Park West CRA Meeting Agenda September 13, 2021 3. CRA RESOLUTION 10587 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, ("SEOPW CRA"), ACCEPTING THE SOLE PROPOSAL RECEIVED FORM MT. ZION DEVELOPMENT ASSOCIATES, LTD., FOR REQUEST FOR PROPOSALS 21-01 FOR THE DEVELOPMENT FOR THE PROPERTY AT 318 NW 10TH STREET, MIAMI, FLORIDA 33136, AND AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE A DEVELOPMENT AGREEMENT WITH THE SOLE PROPOSER. fILE # 10587- Backup 09111191110kiILyi1A►III I City of Miami Page 3 Printed on 813112021 3.1 SEOPW Board of Commissioners Meeting September 13, 2021 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Jeffrey Watson Date: August 31, 2021 File: 10585 and Members of the CRA Board Subject: Resolution approving and adopting the General Operating and Tax Increment Fund Budget, in the amount From: Cornelius Shiver Executive Director Enclosures: File # 10585- Exhibit A BACKGROUND: It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") approve the attached proposed SEOPW CRA General Operating and Tax Increment Fund Budget ("Budget"), in the amount of $86,063,253.00, for the fiscal year commencing October 1, 2021 and ending September 30, 2022, and directing the Executive Director to transmit copies of the Budget to the City of Miami and Miami -Dade County. JUSTIFICATION: The SEOPW CRA is required to annually prepare a proposed budget and transmit the budget to the City of Miami and Miami -Dade County. See attached Exhibit "A". The attached Resolution fulfills that requirement. Packet Pg. 4 3.1 AGENDA ITEM FINANCIAL INFORMATION FORM SEOPW CRA CRA Board Meeting Date: September 13, 2021 CRA Section: Approved by: G ,,,-,anus Sniver, E cutive Director 8/31/2021 Approval: Miguel A Valon6n ?narce Offcer 813112021 Page 2 of 4 Packet Pg. 5 3.1 Southeast Overtown/Park West Community Redevelopment Agency File Type: CRA Resolution Enactment Number: File Number: 10585 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, WITH ATTACHMENT(S), APPROVING AND ADOPTING THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY'S PROPOSED GENERAL OPERATING AND TAX INCREMENT FUND BUDGET, IN THE AMOUNT OF $86,063,253.00, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2021 AND ENDING SEPTEMBER 30, 2022 AS SET FORTH IN EXHIBIT "A"; DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF SAID BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with the 2009 Southeast Overtown/Park West Redevelopment Plan (the "Plan"); and WHEREAS, as a prerequisite to carrying out redevelopment activities for the fiscal year commencing October 1, 2021 and ending September 30, 2022 ("FY 2021-2022"), it is required that the SEOPW CRA's Board of Commissioners approve and adopt the annual General Operating and Tax Increment Fund Budget ("Budget"), attached and incorporated as Exhibit "A"; and WHEREAS, pursuant to Interlocal Agreements, a copy of the SEOPW CRA's budget is required to be transmitted to the City of Miami and Miami -Dade County; and WHEREAS, all the expenses included in the Budget are in accordance with state law, Interlocal Agreements, and the Plan; and WHEREAS, the Budget contemplates a 5% increase in the executive director's salary. This adjustment does not increase the total "Regular Salaries" budget amount authorized for the previous year; and WHEREAS, the Board of Commissioners wish to approve and adopt the SEOPW CRA's Budget for FY 2021-2022 as set forth in Exhibit "A", in the amount of $86,063,253.00; 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: Page 3 of 4 Packet Pg. 6 3.1 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 Southeast Overtown/Park West Community Redevelopment Agency's General Operating and Tax Increment Fund Budget, in the amount of $86,063,253.00, for the fiscal year commencing October 1, 2021 and ending September 30, 2022, as set forth in Exhibit "A", is hereby approved and adopted. Section 3. The Executive Director is directed to transmit a copy of said budget to the City of Miami and Miami -Dade County. Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: Anna -Bo manuel, hief Legal Counsel 8/31/2021 Page 4 of 4 Packet Pg. 7 3.1.a EY 2022 FY 2021 SEOPW GENERAL OPERATINGTAX INCREMENT FUND. BUDGET PROPOSED ADOPTED BUDGET VARIANCE BUDGETBUDGET REVENUES CITY OF MIAMI -TAX INCREMENT (ORIGINAL BOUNDARIES) $17,758,099 $18,557,982 ($799,883) MIAMI DADE COUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES) $10,803,587 $11,292,971 ($489,384) CITY OF MIAMI - TAX INCREMENT (EXPANDED BOUNDARIES) $1,095,022 $1,015,970 $69,052 MIAMI DADE COUNTY -TAX INCREMENT (EXPANDED BOUNDARIES) $658,650 $616,657 $41,993 CITY OF MIAMI- TAX INCREMENT (PARK WEST ADDITION) $3,009,153 $1,123,257 $1,885,896 MIAMIDADECOUNTY- TAXINCREMENT(PARKWESTADDITION) $1,832,075 $682,016 $1,150,059 TbW2022TIF Revenue $35,146,586 2022 CONTRIBUTION FROM THE CHILDREN TRUST FUND (ESTIMATE) $1,343,314 $998,666 $344,648 PROCEEDS OF SALE OF BLOCK 55 (ESTIMATE) $0.00 $16,020,000 ($16,020,000) 2021 ESTIMATED FUND BALANCE $49,573,353 $30j350,693 $19,222,660 TOTA'LREVEf9l7,E $86,063,253 $80,658,212 $5 405,041 REDEVEOPMENT EXPENDITURES PROFESSIONAL SERVICES - LEGAL $268,691 $300,000 ($31,309) ACCOUNTING AND AUDIT $31,000 $31,000 $0 PROFESSIONAL SERVICES - OTHER $1,310,690 $1,584,800 ($274,110) OTHER CONTRACTUAL SERVICES $1,250,009 $877,690 $372,319 DE13TSERVICE PAYMENT $4,510,625 $4,513,375 {$2,750) INTERFUND TRANSFER $10,648,152 $17,038,422 ($6,390,270) LAND $0.00 $0.00 $0,00 CONSTRUCTION IN PROGRESS $1,753,477 $1,966,224 ($212,747) OTHER GRANTS AND AIDS $62,450,812 $50,554,995 511,895,817 TOTAL RE4.E.MCIPMENT EXPENDITURES $82,223;457 $76,866;506 $5;356,951 REGULAR SALARIES $1,308,306 $1,308,306 $0.00 FICA TAXES $100,085 $100,085 $0.00 LIFE AND HEALTH INSURANCE $185,448 $185,448 $0.00 RETIREMENT CONTRIBUTION $127,302 $119,211 $8,091 FRINGE BENEFITS $26,699 $26,699 $0.00 OTHER CONTRACTUAL SERVICE $120,230 $120,230 $0r00 TRAVELAND PER DIEM $30,000 $30,000 $0.00 UTILITY SERVICE $69,000 $69,000 $0,00 INSURANCE $172,583 $172,593 $0.00 OTHER CURRENT CHARGE $86,392 $86,392 $0.00 SUPPLIES $12,000 $12,000 $0.00 OPERATING SUPPLIES $12,000 $12,000 $0,00 SUBSCRIPTION MEMBERSHIP/TRAINING $15,000 $15,000 $0.00 MACHINERY AND EQUIPMENT $3,000 $3,000 $0.00 ADVERTISING $75,000 $75,000 $0.00 RENTAL AND LEASES $79,000 $79,000 $0.00 POSTAGE $2,000 $2,000 $0.00 REPAIR/MAINTENANCE - OUTSIDE $2,000 $2,000 $0,00 INTERFUND TRANSFER $30,000 $30,000 $0,00 TOTAL -ADMINISTRATIVE EXPENDITURE$; . $2,456,045 $2,447,954 , : ',.$8,091 Revenue Shortfall Reserve FY 2022 BUDGET RESERVE - ADMINISTRATION $240,000 $240,000 $0.00 FY 2016 Carryover Fund Balance (Surplus) $240,000 $272,270 -$32,270 FY 2017 Carryover Fund Balance (Surplus( $272,270 $321,755 -$49,486 FY 2018Carryover Fund Balance (Surplus) $371,755 $309,727 $12,028 FY 2019 Carryover Fund Balance (Surplus) $309,727 $200,000 $109,727 FY 2021 Carryover Fund Balance (Surplus) $0.00 $0,00 $0.00 TOTAL -REVENUE SHORTFALL RESERVE $1,383,751` $1,343,752 .$40,000 TOTALFUND BALANCE 1 $86;063,2531 $80,658,212 $5,405 041 $0 $0 $0 2022 TIF Revenue $35,146,586 2022 Administrative Expenditures $2,456,045 %Administrative Exp / 2022 TIF Revenue 7% 2022 Budget Reserve $1,383,751 Total 2022 Budget $86,063,253 % 2022 Budget Reserve / Total 2022 Budget 2% Packet Pg. 8 3.2 SEOPW Board of Commissioners Meeting September 13, 2021 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Jeffrey Watson Date: August 31, 2021 File: 10586 and Members of the CRA Board Subject: Resolution authorizing a $325,000.00 From: Cornelius Shiver Executive Director Enclosures: FILE # 10586- Backup BACKGROUND: The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") authorizes a grant, in an amount not to exceed $325,000.00, to Negra Y Fuerte to underwrite construction costs associated with the buildout of a cafe & bar concept (the "Project") on the ground floor of the Soleste Grand Central, another SEOPW CRA funded project. Negra y Fuerte is an Afro-Cuban inspired cafe & bar concept that will serve daily breakfast, lunch with an upbeat Happy Hour. Negra y Fuerte celebrates Afro-Cuban culture and pays homage to the African ancestors that have played such a large part in cultivating the Cuban culture. The menu will include Cuban coffee classics, savory pastries, and cocktails that highlight ingredients indigenous to Africa and are a part of the Cuban tradition. The Project will include converting the current vanilla shell into the cafe and bar by constructing plumbing lines, installing electrical, and the fabrication of furniture and design elements, with a total budget cost of $500,000.00 The SEOPW CRA recommends the Board authorize a construction grant for $325,000.00 grant to underwrite these construction costs. 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...." Section 2, Goal 2, on page 10 of the 2018 Southeast Overtown/Park West Community Updated Redevelopment Agency Plan (the "Updated Plan"), lists the "[e]xpan[sion of] the [t]ax [b]ase using Public -Private principles" as a stated redevelopment goal. Packet Pg. 9 3.2 Section 2, Goal 4, on page 10 of the Updated Plan, further lists "[c]reat[ing] jobs within the community", as a stated redevelopment goal. Section 2, Principle 4, on page 13 of the Updated Plan provides that "[t]here must be variety in employment opportunities" as a stated redevelopment principle. FUNDING: $325,000.00 allocated from SEOPW "Other Grants and Aid" Account Code No. - 10050.920101.883000. Page 2 of 6 Packet Pg. 10 3.2 AGENDA ITEM FINANCIAL INFORMATION FORM SEOPW CRA CRA Board Meeting Date: September 13, 2021 CRA Section: Brief description of CRA Agenda Item: Resolution approving a construction grant to Negra Y Fuerte for the buildout of a cafe and bar concept on the ground floor of the Soleste Grand Central, in an amount not to exceed $325.000. Project Number (if applicable): YES, there are sufficient funds in Line Item: Account Code: 10050.920101.883000.0000.00000 Amount: $ 3 2 5, 0 0 0.0 0 NO (Complete the following source of funds information): Amount budgeted in the line item: $ Balance in the line item: $ Amount needed in the line item: $ Sufficient funds will be transferred from the following line items: ACTION I ACCOUNT NUMBER TOTAL Project No./Index/Minot Object From $ To $ From $ To $ Comments: Page 3 of 6 Packet Pg. 11 3.2 Approved by: s fiver, E cutive Director 8/31/2021 Approval: Miguel A Valontir�, rance Officer —8/31/2021 Page 4 of 6 Packet Pg. 12 3.2 Southeast Overtown/Park West Community Redevelopment Agency File Type: CRA Resolution Enactment Number: File Number: 10586 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING A CONSTRUCTION GRANT TO NEGRA Y FUERTE FOR THE BUILDOUT OF A CAFE AND BAR CONCEPT ON THE GROUND FLOOR OF THE SOLESTE GRAND CENTRAL, LOCATED AT 218 NW 8TH STREET, MIAMI, FL 33136, IN AN AMOUNT NOT TO EXCEED $325,000.00; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; FUNDS ALLOCATED FROM SEOPW "OTHER GRANTS AND AID" ACCOUNT CODE NO.-10050.920101.883000. 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 Updated Plan (the "Updated Plan"); and WHEREAS, under Florida Statutes, Section 163.340(9) of the Community Redevelopment Act, (the "Act"), "community redevelopment means projects of a ... community redevelopment agency in a community redevelopment area for the elimination and prevention of the development or spread of slum and blight'; and WHEREAS, Section 2, Goal 2, on page 10 of the 2018 Southeast Overtown/Park West Community Updated Redevelopment Agency Plan (the "Updated Plan"), lists the "[e]xpan[sion of] the [t]ax [b]ase using Public -Private principles" as a stated redevelopment goal; and WHEREAS, Section 2, Goal 4, on page 10 of the Updated Plan, further lists "[c]reat[ing] jobs within the community", as a stated redevelopment goal; and WHEREAS, Section 2, Principle 4, on page 13 of the Plan provides that "employment opportunities be made available to existing residents ..." as a stated redevelopment principle; and WHEREAS, Section 2, Principle 4, on page 13 of the Updated Plan provides that "[t]here must be variety in employment opportunities" as a stated redevelopment principle; and WHEREAS, Negra y Fuerte is an Afro-Cuban inspired cafe & bar concept that will serve daily breakfast, lunch with an upbeat Happy Hour, (the "Project") and whose menu will include Page 5 of 6 Packet Pg. 13 3.2 Cuban coffee classics, savory pastries, and cocktails that highlight ingredients indigenous to Africa and are a part of the Cuban tradition; and WHEREAS, the Project will include converting the current vanilla shell into the cafe and bar by constructing plumbing lines, installing electrical, and the fabrication of furniture and design elements, with a total budget cost of $500,000.00; and WHEREAS, the Board of Commissioners wishes to authorize the construction grant for the buildout of the Project on the ground floor of the Soleste Grand Central, another SEOPW CRA funded project; and WHEREAS, the Board of Commissioners finds that authorizing this Resolution would further the SEOPW CRA redevelopment goals and objectives. 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 a construction grant for the buildout of the cafe and bar on the ground floor of the Soleste Grand Central, in an amount not to exceed $325,000.00. Section 3. The Executive Director is authorized to execute all documents necessary for said purpose. Section 4. The Executive Director is authorized to disburse funds, at his discretion, on a reimbursement basis or directly to vendors, upon presentation of invoices and satisfactory documentation. Section 5. $325,000.00 allocated from SEOPW "Other Grants and Aid" Account Code No.-10050.920101.883000. Section 6. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: Anna -Bo manuel, hief Legal Counsel 8/31/2021 Page 6 of 6 Packet Pg. 14 3.2.a / V7, 4, ,, � , F, -, � NW 8t" Street Miami FL cafe@negrayfuerte.com @negrayfuerte Committee Board Southeast/Park West Community Redevelopment Agency 819 NW 2nd Avenue, Miami FL 33136 August 20, 2021 Negra y Fuerte LLC is writing to request a construction grant in order to create a cafe & bar operation on the ground floor of the Soleste Grand Central apartments. Negra y Fuerte is an Afro-Cuban inspired cafe & bar concept that will service daily breakfast, lunch and an upbeat Happy Hour. Negra y Fuerte celebrates Afro- Cuban culture and pays homages to the African ancestors that have played such a large part in cultivating the Cuban culture that we know and love today. The menu will include Cuban coffee classics along with sweet and savory pastries, and cocktails that highlight ingredients indigenous to Africa and are apart of Cuban tradition. The current space is a vanilla shell that will need the construction of plumbing lines, electrical, fabrication of furniture and design elements. The total projected cost of the project is about $500,000 and we are requesting a $325,000 grant to assist in some of the construction costs. This funding partnership will create to an increase within the neighborhood's economic development and social diversity. Negra y Fuerte translates to black and strong in English, the concept is more than a coffee shop, it is a unique space where we display the cultural identity of Cuba's black people that are often not represented. The development of Negra y Fuerte will provide an increase of food and beverage options in the neighborhood along with full-time hourly and salary -based job opportunities. Our mission is to provide an elevated experience through training and hands-on involvement in the cafe's operations. We appreciate your consideration towards this special business venture. Sincerely, Jamila & Akino West 0 0 0 0 0 L N CM Ca a� c N �L 0 CU r_ 0 0 a� cfl ao LO 0 Q. Y V fC m co LO 0 w J LL r_ a> E U �a Q Managing Partners Packet Pg. 15 AN AFRO-C,JJ3AN CAFE & 8AR Packet Pg. 16 A sophisticated yet fun cafe concept that celebrates the Afro-Cuban culture and pays homages to the African ancestors that have played such a large part in cultivating the beautiful Cuban culture that Miamians, of all backgrounds, know and love today. From Afro jazz and samba, to Cuban art. Sweet potato -ropy vieja, empanadas and signature mojitos. Negra y Fuerte channels the roots of Cuban culture from the perspective of the African inspiration that is typically abandoned from the Cuban story. We will be offering a true craft coffee program celebrating African farmers and coffee roasters, full bar, and savory bites. Mon -Sun, 7AM-7PM Breakfast I Lunch I Happy Hour Unique Grab & Go Selection from beverage and packaged goods to fun merchandise Live Music Programming Grand Central Residents exclusive delivery, discounts and offerings Packet Pg. 18 The Founders Akino and Jamila West a THE CULINARIAN COUPLE FIRST STARTED THEIR ENTREPRENEURIAL JOURNEY IN 2017 BY FOUNDING COPPER N N DOOR PROPERTIES, A GATEWAY TO A LIFE OF ENTREPRENEURSHIP. THEY ESTABLISHED THE CORPORATION WHILE MAINTAINING FULL TIME JOBS AS HOSPITALITY PROFESSIONALS. TOGETHER THE COUPLE HAVE 30 YEARS OF GLOBAL AND LUXURY HOSPITALITY EXPERIENCE. THE INITIAL INTENT OF COPPER DOOR PROPERTIES WAS TO ESTABLISH VACATION RENTAL PROPERTIES IN AREAS THAT PROMOTE CULTURAL TOURISM AND A LOCAL PERSPECTIVE. WE ARE PROUD TO SHARE THAT COPPER DOOR PROPERTIES IS TRANSITIONING INTO INDEPENDENT HOSPITALITY GROUP WITH THREE UNIQUE BRANDS WITHIN THE PORTFOLIO. THE COPPER DOOR B&S (at�� Forbes ei eize SOUTH FLORIDA 11e N'ew fork toinieo PRESS S T A R C H E F S C300Z INFATUATION PARTNERS FOOD (Von RESCUE o' us INDULGE rt,firilli t7 50 BEST PLATINGJ C*MGE Businesses Battling Food Insecurity Packet Pg. 21 1 —Ilc� • G�iii @11Ij� Mlllfflffillllmllmmiml� dOHS lldd0o oo I O�IlSlB� I - '\CY "ICY -�y -,Cy I I I 3.2.a Packet Pg. 22 0 0 0 0 0 LO N CO ER tC a1 C N O s is c 0 0 N d o: 00 LO 0 CL Y V f0 m 00 0 LU J_ LL C O E t t7 Q 3.2.a North view a1 N �L 0 Cu i 0 0 a) W m CO Ln 0 Q. Y V m m tC CO Ln 0 LU J LL N E L V Q East view Packet Pg. 23 C 0 000 gz£ e Bmz|,omne uq mse N:98 o4 do ,eg- 8 off# 3-11 ]: mmL]3e n¥ / \ \$ o ( E E. E - }{) {� - ( [§at !([ : Ea, {!sass [\\\ ;(2;:3={E{{{{! :s:;:$=l=:::::; .( /;t;,f)7t3;:.°=::»{f![`§!{:{::®;;;;} {(j_\\\§2f)E\\{j»\\{!//>\ - :E§/f} ; /[- - )#{;§ y ---- }}\{� I ®§a - - ; E -o o \ E C3 § -- - -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -z -- ct ),\!{\ : - )\4/�)I{\ (�${_\/_(±}/ %r=-as§r=!!.!»er:>777&&\§I!«t:! _- ««E>:_;r6.2aZK;lt:f4==�;:!!«&t _ =f±!/ : _ _ _- -uo - \� - \ It N a \ a 3.3 SEOPW Board of Commissioners Meeting September 13, 2021 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Jeffrey Watson Date: August 31, 2021 File: 10587 and Members of the CRA Board Subject: Resolution Accepting Selection of Sole Proposer to RFP 21-01 — Development of 318 NW 10th Street, Mi From: Cornelius Shiver Executive Director Enclosures: fILE # 10587- Backup BACKGROUND: The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") accepts the sole proposer for Request for Proposals ("RFP") 21-01, to develop the property located at 318 NW loth Street, Miami, FL 33136 (the "Property") in accordance with the 2018 SEOPW CRA Updated Redevelopment Plan, ("Updated Plan"). This Resolution further authorizes waiver of the selection committee, and authorizes the negotiation of a development agreement with the sole proposer. The SEOPW CRA owns the Property. On June 15, 2021, the SEOPW CRA issued RFP 21-0, and Mt. Zion Development Associates, Ltd., ("Mt. Zion") was the sole proposer. The response was reviewed for compliance with the submission requirements for the RFP, including the verification that the proposal included all required documents. Mt. Zion has proposed a development which will include affordable housing where 70% of the units will be set aside for households that are at or below 60% of area median income ("AMP'), and 15 % of the units will be set aside for households that are at or below 30% of AMI, all of which is in accordance with the Updated Plan. In August 2021, Mt. Zion intends to apply for 9% Low Income Housing Tax Credits ("LIHTC") financing for its proposed development. As such, the SEOPW CRA desires to negotiate a development agreement with Mt. Zion, conveying a leasehold interest (or fee simple interest) in the Property to Mt. Zion for purposes of securing its LIHTC funding. Per, that development agreement, Mt. Zion shall have two years to successfully obtain 9% LIHTC for its project, and if it does not obtain said funding Mt. Zion shall have the right to terminate the development agreement with the SEOPW CRA. Packet Pg. 25 3.3 It is recommended that the SEOPW CRA accept Mt. Zion's sole proposal for RFP 21-01 and authorize the Executive Director to negotiate a development agreement consistent with the terms above. JUSTIFICATION: Section 2, Goal 2 at page 10 of the 2018 Southeast Overtown/Park West Community Redevelopment Agency Updated Plan ("Updated Plan") lists the "[e]xpansion the Tax Base using Public -Private principles" as a stated redevelopment goal. Section 2, Goal 3 at page 10 the Updated Plan lists [p]rovid[ing] and [r]etain[ing] housing affordability... and create a sound balance of very low-income housing, affordable, workface and mixed -income housing within the CRA" as a stated redevelopment goal. Section 2, Goal 6, at page 10, of the Updated Plan lists "improving quality of life for residents" as a stated redevelopment goal. Section 2, Principle 2 at page 13, of the Updated Plan provides that "[t]he neighborhood ... retain access to affordable housing...." as a stated redevelopment principle. FUNDING: This item does not require funding. Page 2 of 5 Packet Pg. 26 3.3 AGENDA ITEM FINANCIAL INFORMATION FORM SEOPW CRA CRA Board Meeting Date: September 13, 2021 CRA Section: Approved by: G ,,,-,anus Sniver, E cutive Director 8/31/2021 Approval: Miguel A Valon6n ?narce Offcer 813112021 Page 3 of 5 Packet Pg. 27 3.3 Southeast Overtown/Park West Community Redevelopment Agency File Type: CRA Resolution Enactment Number: File Number: 10587 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, ("SEOPW CRA"), ACCEPTING THE SOLE PROPOSAL RECEIVED FORM MT. ZION DEVELOPMENT ASSOCIATES, LTD., FOR REQUEST FOR PROPOSALS 21-01 FOR THE DEVELOPMENT FOR THE PROPERTY AT 318 NW 10TH STREET, MIAMI, FLORIDA 33136, AND AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE A DEVELOPMENT AGREEMENT WITH THE SOLE PROPOSER. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("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 Updated Plan ("Updated Plan"); and WHEREAS, the SEOPW CRA owns the property located at 318 NW 101h Street, Miami, FL 33136, (the "Property"); and WHEREAS, on June 15, 2021, the SEOPW CRA issued RFP 21-0, and Mt. Zion Development Associates, Ltd., ("Mt. Zion") was the sole proposer. WHEREAS, the response was reviewed for compliance with the submission requirements for the RFP, including the verification that the proposal included all required documents. Mt. Zion has proposed a development which will include affordable housing where 70% of the units will be set aside for households that are at or below 60% of area median income ("AMI"), and 15 % of the units will be set aside for households that are at or below 30% of AMI, all of which is in accordance with the Updated Plan; and WHEREAS, In August 2021, Mt. Zion intends to apply for 9% Low Income Housing Tax Credits ("LIHTC") financing for its proposed development. WHERAS, the SEOPW CRA desires to negotiate a development agreement with Mt. Zion, conveying a leasehold interest (or fee simple interest) in the Property to Mt. Zion for purposes of securing its LIHTC funding. Per, that development agreement, Mt. Zion shall have two years to successfully obtain 9% LIHTC for its project, and if it does not obtain said funding Mt. Zion shall have the right to terminate the development agreement with the SEOPW CRA; and WHEREAS, Chapter 163.380, Florida Statutes details the requirements for disposal of SEOPW CRA owned property within a community redevelopment area"; and Page 4 of 5 Packet Pg. 28 3.3 WHEREAS, Section 2, Goal 2 at page 10 of the 2018 Southeast Overtown/Park West Community Redevelopment Agency Updated Plan ("Updated Plan") lists the "[e]xpansion the Tax Base using Public -Private principles" as a stated redevelopment goal; and WHEREAS, Section 2, Goal 3 at page 10 the Updated Plan lists [p]rovid[ing] and [r]etain[ing] housing affordability... and create a sound balance of very low-income housing, affordable, workface and mixed -income housing within the CRA" as a stated redevelopment goal; and WHEREAS, Section 2, Goal 6, at page 10, of the Updated Plan lists "improving quality of life for residents" as a stated redevelopment goal; and WHEREAS, it is recommended that the SEOPW CRA accept Mt. Zion's sole proposal for RFP 21-01, and further authorize the Executive Director to negotiate a development agreement consistent with the terms above; 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 accept Mt. Zion's sole proposal for RFP 21-01, and further authorizes the Executive Director to negotiate a development agreement consistent with the terms above, with respect to the property located at 318 NW 10th Street, Miami, FL 33136. Section 3. The Executive Director is authorized to execute all documents necessary for the purposes set forth above. Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: Anna -Bo mmanuel, hief Legal Counsel 8/31/2021 Page 5 of 5 Packet Pg. 29 3.3.a JEFFREY WATSON Board Chair REQUEST FOR PROPOSALS FOR REAL PROPERTY LOCATED AT 318 NW 10" STREET, MIAMI, FLORIDA RFP NUMBER 21-01 ISSUE DATE Tuesday, June 15, 2021 SUBMISSION DUE DATE AND TIME Thursday, July 15, 2021 at 11:00 a.m. At: The Office of the City Clerk City of Miami 3500 Pan American Drive Miami, Florida 33133 CORNELIUS SHIVER Executive Director DESIGNATED CONTACT Brian Zeltsman, RA Director of Architecture and Development Southeast Overtown/Park West Community Redevelopment Agency 819 NW 2nd Ave, 3rd Floor Miami, Florida 33136 Phone: 305-679-6827 Fax: 305-679-6835 Email: bzeltsmangmiamigov.com Website: http://www.miamicra.com/seopwcrL/pages/procurement.html 1 Packet Pg. 30 3.3.a JEFFREY WATSON Board Chair 1.4 Property Location CORNELIUS SHIVER Executive Director The subject Property is located immediately West of the existing Jackson's Soul Food restaurant and adjacent to the Historic Mt. Zion Missionary Baptist Church and parking area, with frontage along NW 10t' Street in Overtown. The Property is located within the SEOPW CRA Redevelopment Area, and all development and proposals for development must be consistent with the 2018 Updated Redevelopment Plan. The 2018 Updated Redevelopment Plan is available at our website at: http://www.miamicra.com/seopwcra/pages/default.html. The SEOPW CRA is seeking responses to this RFP that are consistent with updated Plan, and will provide housing and public parking. pe rty ation & rrent nditions L" Packet Pg. 31 3.3.a Mt Zion Developments i rk I (IR M �) 1s rA i E D BLUE SKY C Q M M U N IT I E S sustainable housing dewelnpment Graham Ross Towers Proposer: Mt. Zion Development Associates, Ltd. RFP NUMBER 21-01 FOR REAL PROPERTY LOCATED AT 318 NW 10TH STREET, MIAMI, FLORIDA Dr. Larry Capp Mt. Zion Developments, Inc 301 NW 9th Street Miami, FL 33136 1larrycapp@gmail.com Application to: The Office of the City Clerk City of Miami For further information please contact: Shawn Wilson, President Blue Sky Communities, LLC 5300 W. Cypress St., Ste 200 Tampa, FL 33607 swilson@blueskycommunities.com Laura Weinstein -Berman, AIA AINA DEV, LLC 905 Brickell Bay Drive, Ste 228 Miami, FL 33131 laura@ainadev.com Packet Pg. 32 3.3.a TABLE OF CONTENTS SECTION 1 LETTER OF TRANSMITTAL 3 SECTION 2 DEVELOPMENT CONCEPT 6 SECTION 3 FINANCING PLAN 13 SECTION 4 QUALIFICATIONS AND EXPERIENCE 27 SECTION 5 CURRENT DEVELOPMENTS & 50 COMPARABLE PROJECTS SECTION 6 COMMUNITY BENEFITS 66 SECTION 7 REFERENCES 75 SECTION 8 FORMS 79 Mt Zion AINA 2 Q oeveiapments BLUE SKY Graham Ross Towers - R Packet Pg. 33 3.3.a DETAILED DESCRIPTION Graham Ross Towers represents a unique community development opportunity in Overtown. The Historic Mount Zion Baptist church has been a staple of the community for more than 100 years, and this development would be the capstone on their long and storied history. The proposed development is an eleven -story mixed -use building comprised of 122 elderly affordable housing units, and 5,000 square feet of ground floor retail. The subject property will contain 208 parking spaces within the first four stories, most of which will be available for public use. Amenities will include covered parking, an exterior deck, and multiple common spaces. The property will feature 12 studios, 96 one -bedrooms, and 14 two -bedrooms. 70% of the units will be set aside for residents making 60% or less of the area median income, 15% set aside for residents making 30% or less of the area median income and the remaining 15% set aside for residents making 80% less of the area median income. We will be applying for 9% Tax Credit financing and potentially SAIL funds from the Florida Housing Finance Corporation. Initial renderings and site plans are attached for your review. Zion /�I,■�A 7 Q oeveiapments BLUE SKY pow vw . E�i Graham Ross Towers - R Packet Pg. 34