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Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-24-0011
File Number: 15452 Final Action Date:1/25/2024
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
WITH ATTACHMENT(S), APPROVING AND AUTHORIZING THE EXECUTION
OF THE 2ND AMENDED AND RESTATED MEMORANDUM OF
UNDERSTANDING ("MOU"), ATTACHED AND INCORPORATED HEREIN
(EXHIBIT "A"), AMENDING THE AMENDED AND RESTATED MEMORANDUM
OF UNDERSTANDING ("MOU"), DATED OCTOBER 10, 2022 (EXHIBIT "B"),
BETWEEN THE CRA AND BLOCK 55 RESIDENTIAL PARTNERS, L.P.;
EXTENDING THE DUE DATE FOR PAYMENT MONIES FROM THE SALE OF
EXCESS DENSITY; 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 Parties mutually agree it is in their best interest to amend the Amend and
Restated Memorandum of Understanding dated October 10, 2022 (Exhibit "B"), among other things,
extending due date for the payment of monies due to the CRA pursuant to paragraphs 5 of the said
Amended and Restated Memorandum of Understanding; and
WHEREAS, the Board finds that it is in the best interest of the Parties to execute the 2nd
Amended and Restated Memorandum of Understanding, attached hereto and incorporated herein as
Exhibit "A",
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 Executive Director to
execute the 2nd Amended and Restated MOU, attached and incorporated herein as Exhibit "A",.
Section 3. The Executive Director is further authorized to execute any amendment(s) and
all other documents required to consummate the transaction.
Section 4. Sections of this Resolution may be renumbered or re -lettered and corrections of
typographical errors which do not affect the intent may be authorized by the Executive Director, or the
Executive Director's designee, without need of public hearing, by filing a corrected copy of the same with
the City Clerk.
Section 5. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 1 of 2 File ID: 15452 (Revision: A) Printed On: 2/12/2024
File ID: 15452 Enactment Number: CRA-R-24-0011
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
ounsel
1/26/2024 yirtbe Br ounsel 1/18/2024
City of Miami Page 2 of 2 File ID: 15452 (Revision: A) Printed on: 2/12/2024