HomeMy WebLinkAboutCRA-R-24-0036 Master ReportSoutheast Overtown/Park West
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-24-0036
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
File Number: 16083
Revision:
File Type: CRA Resolution
Status: ADOPTED
Controlling Body: Southeast
Overtown/Park West CRA
File Name: Avanti Residential — Arte Grand Central TIC V, LLC Introduced: 5/16/2024
- Housing Subsidy Agreement
Requesting Dept: Southeast Overtown/Park West CRA Final Action Date: 5/23/2024
Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW
CRA"), WITH ATTACHMENT(S), APPROVING A HOUSING SUBSIDY AGREEMENT
("AGREEMENT"), BETWEEN THE SEOPW CRA AND AVANTI RESIDENTIAL — ARTE
GRAND CENTRAL TIC I, LLC; AVANTI RESIDENTIAL — ARTE GRAND CENTRAL TIC
II, LLC; AVANTI RESIDENTIAL — ARTE GRAND CENTRAL TIC III, LLC; AVANTI
RESIDENTIAL — ARTE GRAND CENTRAL TIC IV, LLC; AND AVANTI RESIDENTIAL —
ARTE GRAND CENTRAL TIC V, LLC; EACH A DELAWARE LIMITED LIABILITY
COMPANY (COLLECTIVELY, "OWNER"), ATTACHED AND INCORPORATED HEREIN
AS EXHIBIT "A"; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS
DERIVED, FROM THE CITY OF MIAMI RESOLUTION R-24-0109, AS EXHIBIT "B",
SUBJECT TO THE AVAILABILITY OF FUNDING FROM ACCOUNT TITLE "OTHER
GRANTS AND AIDS," ACCOUNT CODE NO. 10050.920101.883000.0000.00000, IN AN
AMOUNT NOT TO EXCEED SIX HUNDRED FIFTEEN THOUSAND DOLLARS AND
ZERO CENTS ($615,000.00) ("FUNDS") ANNUALLY; AND AUTHORIZING THE
EXECUTIVE DIRECTOR TO EXECUTE ANY AND ALL DOCUMENTS REQUIRED TO
CONSUMMATE THE AGREEMENT; PROVIDING FOR INCORPORATION OF
RECITALS; AND PROVIDING FOR AN EFFECTIVE DATE.
Notes:
Links:
Attachments: File # 16083 - Exhibit A (PDF)
File # 16083 - Exhibit B (PDF)
History of Legislative File:
Revision: Acting Body:
Date: Action: Result:
Miguel A Valentin
James McQueen
Vincent T. Brown
Southeast Overtown/Park
West CRA
Southeast Overtown/Park
West CRA
City Clerk's Office
5/16/2024
5/16/2024
5/16/2024
5/23/2024
5/23/2024
6/11/2024
Finance Review
Department Head Review
Approved to Form and Legal
Sufficiency
Meeting
ADOPTED
Rendered
Completed
Completed
Completed
Completed
Passed
Completed
City of Miami Page 1 of 1 Printed on: 6/11/2024