HomeMy WebLinkAboutExhibitINTERLOCAL AGREEMENT BETWEEN THE CITY OF MIAMI, MIAMI-DADE
COUNTY, SOUTHEAST OVERTOWN PARK WEST GRA AND OMNI CRA TO
PROVIDE FUNDING FOR MAJOR PROJECTS FOR THE BENEFIT OF ALL
PARTIES
This Agreement, dated as of December , 2007, is made and entered
into by the City of Miami (the "City"), Miami -Dade County (the "County"),
Southeast Overtown Park West Community Redevelopment Agency (the
"SEOPW CRA") and the Omni Community Redevelopment Agency (the "Omni
CRA"). The SEOPW CRA and the OMNI CRA are sometimes referred to herein,
collectively, as the "CRAs".
RECITALS
A. The City, the County and the CRAs (collectively, the "Parties")
acknowledge that the following projects (collectively, the "Projects") are of great
benefit to the CRAs and the community in general, for reasons which include the
reasons set forth below, and are supportive of said Projects:
1. Performing Arts Center (the "PAC"): This project has been, and
continues to be a catalyst in attracting development and private
investment within the OMNI CRA area as well as downtown Miami.
2. Port Tunnel (the Port Tunnel"): This project consists of widening
of the MacArthur Causeway Bridge, construction of a tunnel between
Watson Island and Dodge Island and roadway improvements on Watson
Island and the Port of Miami. It will ensure the economic viability and
growth of the Port of Miami, the second most important economic
generator in the region accounting for over 17,000 jobs and $2.2 billion
annually in total economic benefit to the City and its residents. Further,
the Tunnel Project will reduce congestion and improve the quality -of -life of
the Omni CRA and SEOPW areas as well as downtown Miami by
removing over 5,000 port -bound trucks per day from area streets.
3. Museum Park Project (the "Museum Park"): Museum Park is the
City of Miami's urban redesign vision for the park now known as
Bicentennial Park, a 29-acre property on Biscayne Bay which serves and
will serve the residents of the OMNI CRA, the SEOPW CRA and well as
the entire region. This project includes a premiere public park anchored
by landmark new facilities for the Miami Art Museum (MAM) and the Miami
Museum of Science and Planetarium (MMSP), which will include a branch
of the Historical Museum of Southern Florida. The building will be
designed around energy -saving, sustainable materials and techniques.
The goals of Museum Park include the restoration of the park's waterfront
land to public use, revitalization of the OMNI CRA, the SEOPW CRA and
surrounding neighborhoods, the building of a first-class educational and
cultural resource for the region's residents and visitors, and will strengthen
the economy by contributing to tourism, the region's number one industry.
Studies indicate that over the course of their first decade, MAM and the
MMSP at Museum Park will have a $2 billion economic impact and will
create 1,700 jobs in the community annually.
4. Streetcar Project (the "Streetcar"): The Streetcar will provide
an energy -efficient and convenient alternative mode of transportation
connecting the City's most densely populated and urbanized areas,
including Downtown, Overtown, Omni, Wynwood/Edgewater, Midtown,
Design District and the Civic Center/Health District. The Streetcar service
will promote mass transit use and connect with Miami -Dade Transit
(Metromover, Metrorail and Metrobus). The Streetcar circulator will
substantially address the City's need to comply with State Bill 360, the
Growth Management Act as a multi -modal project improving mobility and
meeting transportation concurrency.
5. Orange Bowl Stadium (the "New Orange Bowl"): It is
contemplated that the New Orange Bowl will be redeveloped into a soccer
stadium for a Major League Soccer franchise. It will also include parking,
retail, entertainment, park and open spaces and related amenities. The
New Orange Bowl will be designed and developed to be compatible with
the Baseball Project aesthetically and operationally. This project is certain
to bring economic growth and vibrancy to the heart of Little Havana and
surrounding corridors and neighborhoods. Funding for and construction of
the New Orange Bowl will not commence until Major League Soccer
awards Miami an expansion franchise.
6. Baseball Project (the "Baseball Project"): The Orange Bowl
Site will be developed to include a new $515 million first class retractable
roof Major League Baseball stadium for the use of the Florida Marlins.
City and the County have been working together to bring professional
baseball to the City of Miami and the availability of the Orange Bowl Site
offers the perfect opportunity to combine professional baseball with the
New Orange Bowl at a completed redeveloped Orange Bowl site with
parking, retail, entertainment and related amenities. A major league
baseball team will benefit the entire community and region, by, among
other things, creating jobs and attracting tourism, providing both a direct
and indirect increase in tax revenue. The Baseball Project will serve as
an engine for economic development creating 250 full time and 2,000 part
time jobs. In addition, construction of the project is expected to generate
approximately 1,700 high paying jobs during the construction period of
approximately 29 months.
7. Parking: The Orange Bowl site will be redeveloped to include at
least 6,000 parking spaces to be funded by the City to support the
Baseball Project and the New Orange Bowl which will be available for the
opening of the Baseball Project. These parking structures are necessary
and will benefit the entire community by supporting the economic
development created by the aforementioned uses of the Orange Bowl site.
B. The Parties agree that the development of the Projects requires the
cooperation and commitment of all of the Parties to assist in identifying funding
sources, reallocating the use of existing revenues, including TIF Revenues, and
expanding the boundaries and extending the terms of the CRAs, all as
hereinafter provided.
NOW, THEREFORE, in consideration of the foregoing, the Parties agree
as follows:
1. Recitals: The recitals are true and correct and are hereby
incorporated into and made a part of this Agreement.
2. Agreement: The Parties agree to take all action necessary to
accomplish the purposes of this Agreement, as hereinafter set forth, in a prompt
and efficient manner. The parties acknowledge that the process of expanding
the boundaries and extending the term of the OMNI and SEOPW CRAs, include
the preparation and adoption of findings of necessity for the expanded areas and
amendments to the corresponding redevelopment plans of the CRAs. The
parties agree to cooperate and act expeditiously and in good faith in
implementing the steps necessary to accomplish this purpose.
3. The OMNI CRA: The City, the County and the OMNI CRA agree
to execute an amendment (the "First Amendment to CRA OMNI Interlocal") in
substantially the form attached hereto as Exhibit "A". Immediately thereafter, the
Parties agree to proceed to do all things necessary and legally permitted to
extend the term of the OMNI CRA through 2030 and expand its boundaries to
include Watson Island and Bicentennial Park, with the goal of implementing the
OMNI CRA Amendment within 9 months following the execution of this
Agreement.
The City, the County and the OMNI CRA agree to use the amounts
received by the OMNI CRA from the City and the County to fund those Projects
required by it to fund in the manner described below. The Parties acknowledge
that the Projects have been selected based on their importance to the CRAs and
therefore, the expansion of the boundaries of and the ability to use the OMNI
CRA TIF Revenues for the Projects is of the essence to this Agreement.
Based upon current estimates, the City and the County believe that the
TIF Revenues through 2027 will total approximately $1,402 billion, and that the
TIF Revenues will increase to approximately $1,796 billion upon the extension of
the term through 2030 of the OMNI CRA. The following table presents the
relative City and County contributions in respect of the estimated TIF Revenues:
County taxes
City taxes
Through 2027 Through 2030
$526 million
$876 million.
$ 674 million
$1,122 billion
The City, the County and the OMNI CRA agree to fund the Projects from
OMNI CRA TIF Revenues as follows:
a. PAC (To the County for repayment of PAC Bonds and/or
loans:(i) March 31, 2008-March 31, 2012: $1.43 million annually
plus an amount equal to 35% of TIF Revenues in excess of $1.43
million; and (ii) March 31, 2013-March 31, 2030: the greater of
$1.43 million annually or 35% of the TIF Revenues. However, the
annual contribution of TiF Revenues required hereunder will, in no
event, exceed $25 million during any one year. The City and
County acknowledge that these funds are necessary to provide for
the City and County contributions to the Baseball Project,
For illustration purposes only, the current estimated amount of TIF
Revenues expected to be generated for the PAC is approximately
$484 million.
b. Port Tunnel: $88 million (approximately) to be paid to the
City in annual installments commencing upon substantial
completion of the Port Tunnel Project through 2030. This amount
will fund the City's contribution towards the Port Tunnel project.
c. Museum Park: An amount necessary to fund $68
million for capital improvements to the park component of the
Project, to be funded by the OMNI CRA and completed by the City
by no later than January 2012, and an annual contribution to the
park's capital expenditure fund of $2 million, payable commencing
on the date of substantial completion of the park component of the
Project through 2030.
d. The Parrot Jungle Section 108 Loan (the "108 Loan"):
The Parties agree that, to the extent legally permitted, commencing
in 2008, following the expansion of the OMNI CRA boundaries, the
payment of the entities' obligations under the 108 Loan may be
funded from their respective shares of the tax increment.
4. Tourist Development Tax (TOT) and Convention Development
Tax (CDT) funds: The Parties acknowledge that the OMNI CRA Amendment
will result in an increase in the availability of CDT and TDT revenues for projects
other than the PAC, which the parties agree to use for the Baseball Project and
the Parking/Balance of Orange Bowl Site. The City and County agree that the
implementation of the OMNI CRA Amendment will permit the County to release
additional sufficient TDT and CDT dollars so that municipal bonds may be issued
for the redevelopment of the Orange Bowl site as follows:
a. The Baseball Project:
City: The City will fund $10 million from CDT
revenues.
County: The County will fund $88 million from TDT
revenues and $10 million from CDT revenues.
b. Parking/Balance of Orange Bowl Site: The City will fund
$50 million from CDT revenues.
5. The SEOPW CRA. The City, the County and the SEOPW CRA
agree to take all actions necessary to:
a. extend the term of the SEOPW CRA through the year 2030;
b. expand its boundaries to include the properties described in Exhibit
"B" hereto (the "Proposed SEOPW CRA Amended Plan") and the
Amended 2004 Southeast Overtown/Park West Community
Redevelopment Plan prepared by Dover, Kohl & Partners (the
"2004 Amended Plan"); and,
c. cap the utilization of TIF Revenues derived from the projects listed
in Exhibit "C" hereto, to 50% of the 2007 forecasted TIF Revenues
for such projects, to be effective beginning in fiscal year 2014.
Current estimates suggest that such a cap will result in $326.5
million and $196 million being returned to the City and County
General Funds, respectively. In consideration of these increased
revenues to the County General Fund, the County agrees that,
beginning in fiscal year 2014, it make a $20 million contribution to
the City to be applied toward the funding of the Streetcar project,
once approved by the State of Florida and the MPO. The County's
Streetcar project contribution may be made in a lump sum or in
annual installments sufficient to issue tax free municipal bonds with
a debt coverage dictated by the market commencing on the date of
substantial completion of the Project.
6. Annual Budget. The County agrees to waive any claims it may
have to approve the annual budget for the CRAs for fiscal years prior to the fiscal
year commencing October 1, 2008.
7. Waiver of Administrative Fee. The County agrees to waive the
1.5% administrative fee chargeable to the CRAs.
8. Extension of Reverter. The County agrees to place an item on
the agenda for the first meeting of the Board of County Commissioners in
January 2008, considering an extension of the reverter date of the properties
described in Exhibit "D" or a re -conveyance of said properties to the City, if the
reverter has already occurred.
9. Time of the Essence: Time is of the essence in the
performance of this Agreement.
10. Condition Subsequent: The County, the City and the Florida
Marlins, L.P. (the "Team") agree that the funding commitments to the PAC, as set
forth in this Agreement and in the First Amendment to OMNI CRA Interlocal, and
to the New Orange Bowl, as contemplated herein, shall be void unless a binding
agreement for the Baseball Project (the "Baseball Stadium Agreement") is
executed, containing the following provisions:
(i) Total Stadium cost is $515 million;
(ii) Team's contribution to the Stadium cost shall not be less than $155
million;
(iii) Team will not request more than 6,000 parking spaces at the new
Orange Bowl Site;
(iv) The Team, the City and the County shall act in good faith and will
be reasonable in negotiating the Baseball Stadium Agreement.
IN WITNESS WHEREOF, the Parties have caused this Agreement to be
executed as of the date first above written.
Attest: City of Miami
By: By:
Priscilla A. Thompson, City Clerk Pedro G. Hernandez, City Manager
Approved as to Form and Correctness Approved as to Insurance Requirements
By: By:
Jorge L. Fernandez, City Attorney LeeAnn Brehm, Director, Risk
Management
Attest: Miami -Dade County
By:
Approved as to Legal Sufficiency:
By:
County Attorney
Approved as to form and correctness:
By:
By:
Southeast Overtown Park West
Community Redevelopment Agency
By:
Omni Community Redevelopment
Agency
By:
JOINDER
Florida Marlins, L.P. joins in the execution of this Agreement to acknowledge its
agreement to the provisions contained in Paragraph 10.
Florida Marlins, L.P.
By:
EXHIBIT "A"
First Amendment to Interlocal Cooperation Agreement dated June 24,
1996 by and among Miami -Dade County, the City of Miami and the
Community Redevelopment Agency for the Omni District
This First Amendment to Interlocal Cooperation Agreement ("First Amendment") is
made and entered into this day of , 2007 by and among Miami -Dade
County, a political subdivision of the State of Florida (the "County"), the City of
Miami, a municipal corporation of the State of Florida (the "City") and the Community
Redevelopment Agency for the OMNI district, a public body corporate and politic (the
"CRA").
WITNESSETH
WHEREAS, pursuant to Resolution No. R-280-96 adopted by the Board of
County Commissioners of Miami -Dade County (the "Board") on March 19, 1996, the
Board approved the terms and execution of an Interlocal Cooperation Agreement by and
among the County, the City and the CRA (the "Interlocal"), which Interlocal was dated
June 24, 1996 and contained provisions for the CRA to make certain payments to the
County for the purpose of paying debt service on the Performing Arts Center Bonds; and
WHEREAS, the Interlocal obligates the CRA to pay the first $1.43 million of tax
increment fund revenues collected each year to the County for the payment of the County
Debt Service Payment, which obligation ceases when the Performing Arts Center Bonds
are no longer outstanding; and
WHEREAS, construction costs for the Perfoi ling Arts Center have escalated
and exceeded the estimated budget at the time of the original Interlocal; and
WHEREAS, the County has issued additional Performing Arts Center Bonds and
has borrowed funds pursuant to one or more loan agreements ("Loans") for the purpose
of funding such higher construction costs of the Performing Arts Center; and
WHEREAS, the County, the City, and the CRA recognize that the Perfouning
Arts Center has been an enormous catalyst and remains such in attracting significant
development and private investment to the City's Omni district; and
WHEREAS, the catalytic impact of the Performing Arts Center to the Omni
district has contributed to the substantial growth of the Omni district's tax roll which will
provide resources for important future projects; and
WHEREAS, the County, the City, and the CRA desire to provide additional tax
increment revenues from the CRA for the purpose of paying debt service on all
outstanding Performing Arts Center Bonds and Loans and to fund other CRA projects;
and
WHEREAS, the County, the City, and the CRA agree that the First Amendment
to the Omni Community Redevelopment Plan, as supplemented by Addendum II, was
approved by the Board on April 8, 1997; therefore, the term of the Omni District shall
expire on September 30, 2027; and
WHEREAS, the County, the City, and the CRA acknowledge their interest and
the benefits of further extending the life and expanding the boundaries of the Omni
district to, among other things, include infrastructure, the Port Tunnel and Museum Park
projects; and
WHEREAS, the County, the City, and the CRA acknowledge that, in order to
expand the boundaries of the Omni District, it will be necessary to prepare and adopt a
finding of necessity for the expanded area and amend the Community Redevelopment
Plan for the Omni district (the "Plan"); and
WHEREAS, the County, the City and the CRA acknowledge that the steps and
corresponding period of time necessary to expand the boundary of the Omni district vary
and agree to cooperate, act expeditiously and in good faith in implementing the steps.
NOW THEREFORE, THE COUNTY, THE CITY AND THE CRA AGREE
AS FOLLOWS:
The recitations set forth above are true and correct and adopted as part of this
First Amendment.
11. All terms in capitalized form, unless otherwise defined in this First
Amendment, shall have the same meaning as ascribed to there in the
Interlocal.
III. The Interlocal dated June 24, 1996, attached and made a part of this First
Amendment is amended in the following respects:
A. Article II, Section C, Project Financing, Subsection 1. is amended and
restated to read as follows:
The CRA shall administer and manage the Fund as required by law and
develop and promulgate rules, regulations and criteria whereby the Fund
may be promptly and effectively administered, including the establishment
and the maintenance of books and records and adoption of procedures
whereby the COUNTY may, expeditiously and without undue delay,
utilize such funds in accordance with the COUNTY approved budget for
the Performing Arts Center, and whereby the CRA. may, expeditiously and
without undue delay, utilize the funds other than those dedicated to the
County for the purpose of paying debt service on the Performing Arts
Center Bonds and/or Loans, in accordance with the COUNTY approved
budget for those aspects of the PROJECT not related to the Performing
Arts Center. In furtherance of such expeditious utilization of funds for the
County's payment of debt service on the Performing Arts Center Bonds
and/or Loans, the CRA shall remit to the COUNTY (a) on March 31, 2008
and every March 31 st thereafter ending on March 31, 2012, the first $1.43
million of Increment Revenue (as such term is defined in this paragraph)
plus an amount equal to thirty-five percent (35%) of the amount by which
the Increment Revenue from the Omni Community Redevelopment Area
exceeds $1.43 million; and (b) commencing March 31, 2013 and every
March 31 thereafter until March 31, 2027, an amount equal to the greater
of $1.43 million or thirty-five percent (35%) of the Increment Revenue
from the Omni Community Redevelopment Area; provided, however, the
amounts to be remitted by the CRA as calculated in accordance with
subsections (a) and (b) shall not exceed $25 million in any fiscal year.
"Increment Revenue" means all the Increment revenue (as such term is
defined in Section 163.340(22) and calculated using ninety-five percent
(95%) in the calculation pursuant to Section 163.387(1), Florida Statutes
(2006)) from the Omni District (including any expanded boundaries).
Exhibit A to this Amendment contains examples of the operation of this
clause. The amounts to be remitted by the CRA in accordance with this
Section shall be used for the purpose of paying debt service on all
Performing Arts Center Bonds and/or any Loans (the "County Debt
Service Payment"). The CRA's last payment to the County of the
amounts set forth above shall occur on March 31, 2027. The parties agree
that the term of the Omni District and the CRA shall expire on September
30, 2027 and all remaining funds on deposit in the Fund shall be remitted
to the applicable taxing authorities as provided in the Act. If the County
sells any additional Performing Arts Center Bonds or incurs any additional
Loans with regard to the Performing Arts Center, the COUNTY shall
ensure .that all documentation relating to such Bonds or Loans shall limit
the liability of the CRA to the amounts due from the CRA to the County
as provided in this Agreement.
The CRA shall be annually compensated for all administrative services
rendered with respect to any and all aspects of the PROJECT subject to
availability of revenue in the Fund. Such administrative expenses payable
out of the Fund shall be capped at an amount not to exceed twenty percent
(20%) of the annual budget approved by the COUNTY.
C. Article II, Section C, Project Financing, Subsection 4. is amended and
restated to read as follows:
The CRA may issue bonds and/or incur indebtedness required to finance
the PROJECT provided such bonds and/or indebtedness is subordinate to
all Performing Arts Center Bonds and/or Loans; provided, however, such
subordinate bonds and/or indebtedness shall mature not later than
September 30, 2027. The subordination of bonds and/or indebtedness
issued by the CRA referred to in the preceding sentence shall relate to the
amount of Increment Revenue reserved for the COUNTY pursuant to the
provisions of Article II, Section C, subsection 1 above. Prior to the
issuance of any bonds or the incurrence of any indebtedness, the
COUNTY shall review and approve all related documents and agreements.
The CRA shall not withhold the payment to the County of the amount of
Increment Revenue reserved for the COUNTY pursuant to the provisions
of Article II, Section C, subsection 1 above for any reason,
notwithstanding any other activities, actions, claims, or causes of action
related to the PROJECT.
Add Article VI titled Other Provisions to read as follows:
A. Amendment to Plan.
(a) The City and the CRA agree to generate a Finding of Necessity
study to substantiate the expansion of the boundaries of the Omni
district to include a geographic area, which will include
Bicentennial Park and Watson Island. If the City and the CRA
each adopt a resolution, supported by data and analysis, which
makes a legislative finding that the conditions in the area meet the
criteria described in Section 163.340(7) or (8), the City and the
CRA agree to provide the County with the adopted Finding of
Necessity study and resolutions for the Board's review and
consideration. as set forth in Section 163.355, Florida Statutes.
(b) After making the legislative findings and adopting the Finding of
Necessity study, the City and the CRA agree to prepare and
consider a resolution that approves, after a public hearing, an
amendment to the Plan, which amendment shall (i) extend the life
of the CRA to March 31, 2030; and (ii) expand the boundaries of
the Omni District; and (iii) to add the Port Tunnel and the Museum
Park as projects eligible for tax increment financing. If the City
and the CRA each adopt a resolution that approves the amendment
to the Plan and that recommends to the County their approval of
the amendment to the Plan, they agree to provide the County with
the adopted amendment for review and consideration by the Board
of County Commissioners (the "Board") after a public hearing, as
set forth in Section 163.361, Florida Statutes.
(c) Upon receipt of the adopted Finding of Necessity and amendment
to the Plan the County agrees to review, comment, prepare and
recommend for the Board's consideration the Finding of Necessity
and amended Redevelopment Plan. The CRA shall report such
proposed modification to the boundaries of the redevelopment area
to each taxing authority in writing or by oral presentation, or both,
as required by Section 163.361(3)(a), Florida Statutes. The City
and the CRA agree that, in accordance with the provisions of
Section 163.361, Florida Statutes, the Board shall only consider
approval of the Finding of Necessity and the amended Plan after
the CRA has complied with the provisions of Section
163.361(3)(a), Florida Statutes.
(d) The City and the CRA understand that the process of reviewing the
amended Redevelopment Plan will entail mutual cooperation from
the County, City and CRA, and that delays in the review process
may delay when the Board consider the items.
B. Limitations on Approvals. The City, the CRA and the County agree that
the approval of this Agreement by the parties does not constitute approval
of those matters in the Finding of Necessity and the amendment to the
Plan which require approval by the CRA, the City Commission and the
Board. Therefore, the parties agree that as a matter of their sovereign
power and legislative authority if the CRA, the City Commission and/or
the Board do not approve a resolution adopting the finding of necessity
and/or the amendment to the Plan, the failure to approve such resolution or
amendment to the Plan shall not be deemed an event of default under this
Agreement and the parties shall not be liable to each other.
C. Annual Budget. The County agrees to waive any claims it may have to
approve the annual budget for the Omni District for fiscal years prior to
the fiscal year commencing October 1, 2008.
D. Waiver of Administrative Fee, The County agrees to waive the 1.5%
administrative fee chargeable to the Omni District.
III. In all other respects, the Interlocal Cooperation Agreement is ratified and
continued.
IV. In the event of any conflict between the Interlocal Agreement and this First
Amendment, the terms of the First Amendment shall control.
IN WITNESS WHEREOF, the parties have caused this First Amendment to be
executed in their names by their duly authorized officers , all as of the day and year first
above written
City of Miami, a municipal corporation Miami -Dade County, a political subdivision
of the State of Florida of the State of State of Florida
By: By:
Pedro G. Hernandez, City Manager George Burgess, City Manager
ATTEST:
By: By:
Priscilla A. Thompson, City Clerk Deputy Clerk
Approved as to form and correctness: Approved as to form and legal sufficiency:
By: By:
Jorge L. Fernandez, City Attorney County Attorney
City of Miami Community Redevelopment Agency,
an agency of the City of Miami
By:
, Chairperson
ATTEST:
By:
City Clerk
Approved as to form and legal sufficiency:
By:
CRA Attorney
EXHIBIT "A" TO
First Amendment to Interlocal Cooperation Agreement dated June 24,
1996 by and among Miami -Dade County, the City of Miami and the
Community Redevelopment Agency for the Omni District
Assume:
ii.
Then:
EXAMPLE 1
Payment is due March 31, 2008.
Increment Revenue is equal to $12,000,000.
The CRA shall remit to the County the total of:
(a) $1,430,000; plus
(b) 35% multiplied by ($12,000,000 minus $1,430,000) or 35% multiplied
by $10,570,000 (which is an amount equal to $3,699,500).
Therefore the amount the CRA shall remit to the County on March 31, 2008 is
equal to $1,430,000 plus $3,699,500 or $5,129,500.
Assume:
Then:
EXAMPLE 2
(1) Payment is due March 31, 2012.
(2) Increment Revenue is equal to $15,000,000.
The CRA shall remit to the County the greater of:
(1) $1,430,000; or
(2) 35% multiplied by $15,000,000 (which is an amount equal to $5.250,000).
Therefore, the amount the CRA shall remit to the County on March 31, 2012 is
equal to $5,250,000.
EXHIBIT "B"
PROPOSED SEOPW CRA EXPANDED BOUNDARIES
[attached]
L.
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Miami CRA Boundary Study Options
/ Otto -No; Seuelwar Orem.) PrinNest CRA Ckund.Vy
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Mit Opiket A/ A2
004ot A3
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option BI
Option C
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Map 2
9101 hpal
EXHIBIT "C"
PROJECTS LOCATED IN THE SEOPW CRA SUBJECT TO THE 50% CAP
[attachedl
LARGE SCALE DEVELOPMENT REPORT
SEOPW
1'y)a of
Permit
4
iami ArenaiAiena
dventnooLLC •... .
(agler Devel0pinent Ca mm :
MI)SP
SEOPW
Locutions! Information
Address
27 NZ 9thtStr
49-.263 NW Sti 160NW`7.S
721 NW Ist Avenue
650 NWK 1st AvenueW
430 NW Ist:fs.vdnue.
Description
Office Building'
Mixed;i.Tsq{ Residers i1
Cost (est.)
CRA
Construction
SZOPIW
Review
bate
761,206,308 UNDER CONSTRUCTION 1
24.750,000
1.8,000,000
•.200,073,023
47,237,700.
209,600. ..
276,988,500
SEO/PTV
2,765,024,567
APPROVED 1
APPLICATION 1
16-Aec-03 :•
PREl.i(UINARY
StatH5
Permit
Date
Building Permits
C.O-
Numb
Assumed tr b eornplcfed by Reeeiribcr 2099.to 0c:ineltid8„' ii Tarii}pry 2�IA roll:for.T: S` 201:4 trpgratil
Assumed t9 be completed by Decemiwr 2010 to be included in January 2011. tali for FY 2012 operations
Assumed to be completed by December 2011 to be included is ianuary 2012 roll for I'Y 2013 operations
' I1 rH 014,e era110rla
liid 'sri')anua...:.20I.3. ro 1`+J X 2..
`'A .:einhed261.2tisilie'1nG sx[ .. D'....... ...p:.:....::.::
;:::.:,,
:r: -'. 3'r::r`?i-:.i,::;:'i,.i�:�;ai:g=p��;:;,.,.:u:•'+:-;': s=: r;e=re.'s. ";..; �.:..,:::.:; ..,=:..r; „,. .... ..._,
Too preliminary for inclusion
0
8,088500
435,520, 325
0
5 4 ,2S4 1a1 a s
18,000,000
Total $2,765,024,567
1 of 1
EXHIBIT "D"
PARCEL "A":
CERTAIN LOTS IN BLOCK 36 OF P.W. WHITE'S RE -SUBDIVISION:
Lots I, 2, 3, 6, 7, 8, 9, 10, 11, 14, 15, 16, 17, 18, 19, 22, 23, 24, 26, 27, 30, 31, 32, 33, 34,
35, 38, 39, 40, 41, 42, 43, 46,47 and 48 in Block 36 of P.W. WHITE'S RE -
SUBDIVISION, according to the Plat thereof, recorded in Plat Book 'B' at Page 34 of the
Public Records of Miami -Dade County, Florida; LESS that portion thereof lying within
the Metropolitan Dade County Metrorail right-of-way which is described as follows:
Begin at the Southeast corner of said Block 36; thence run S 87°46'59" W, along the
South line of said Block 36, for a distance of 1.53 feet; thence run N 04°44'53" W for a
distance of 187.90 feet to a point of intersection with the arc of a circular curve concave
to the Southwest, the center of which bears S 82°00'08" W from said point of
intersection; thence run Northwesterly along the arc of said circular curve concave to the
Southwest, having a radius of 987.00 feet, through a central angle of 06°39'50", for an arc
distance of 114.79 feet to the point of intersection with the North line of said Block 36;
thence run N 87°'46'14" E, along the North line of said Block 36, for a distance of 27.71
feet to the Northeast corner of said Block 36; thence run S 02'16'19" E, along the East
line of said Block 36, for a distance of 301.01 feet to the Point of Beginning.
PARCEL "B":
BLOCK 45N OF A.L. KNOWLTON'S MAP OF MIAMI:
Lots 1 through 12 inclusive in Block 45N of A.L. KNOWLTON'S MAP OF MIAMI
according to the Plat thereof, as recorded in Plat Book 'B' at Page 41 of Public Records
of Miami -Dade County, Florida.
PARCEL "A":
BLOCK 56N OF A.L. KNOWLTON'S MAP OF MIAMI:
Lots 1 through 12 inclusive in Block 56N of A.L. KNOWLTON'S MAP OF MIAMI
according to the Plat thereof, as recorded in Plat Book 'B' at Page 41 of Public Records
of Miami -Dade County, Florida.
ors:Document CityCountyGlobaLAgreement 12-13-07