HomeMy WebLinkAboutCRA-R-24-0053Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-24-0053
File Number: 16398 Final Action Date:7/25/2024
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
("SEOPW CRA"), WITH ATTACHMENT(S), AUTHORIZING THE EXECUTIVE
DIRECTOR TO EXECUTE A COMMERCIAL LEASE AGREEMENT ("LEASE"),
SUBSTANTIALLY IN THE FORM ATTACHED AND INCORPORATED HEREIN
AS EXHIBIT "A," WITH THE BLACK ARCHIVES HISTORY AND RESEARCH
FOUNDATION OF SOUTH FLORIDA, INC., A FLORIDA NOT -FOR -PROFIT
CORPORATION ("BAF") FOR THE SEOPW CRA'S OFFICE SPACE LOCATED
AT THE BLACK ARCHIVES HISTORIC LYRIC THEATER, 819 N.W. 2ND
AVENUE, MIAMI, FLORIDA 33136 ("PROPERTY"), FOR A TERM OF THREE (3)
YEARS, IN A FORM ACCEPTABLE TO STAFF COUNSEL, INCLUDING ANY
AND ALL DOCUMENTS NECESSARY, AT A TOTAL MONTHLY RENT OF
NINETEEN THOUSAND FOUR HUNDRED SIXTY DOLLARS AND ZERO CENTS
($19,460.00) ("MONTHLY RENT"), OR AN AMOUNT OF TWO HUNDRED
THIRTY-THREE THOUSAND FIVE HUNDRED TWENTY DOLLARS AND ZERO
CENTS ($233,520.00) ANNUALLY, WITH A THREE PERCENT (3%) ANNUAL
INCREASE AFTER THE FIRST LEASE YEAR, PROVIDING FOR
INCORPORATION OF RECITALS, AND PROVIDING FOR AN EFFECTIVE
DATE.
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 ("Redevelopment Area") in accordance with the 2018 Updated Southeast Overtown/Park West
Redevelopment Plan (the "Updated Plan"); and
WHEREAS, Section 163.370, Florida Statutes authorizes the SEOPW CRA to enter into leases
for property within the Redevelopment Area; and
WHEREAS, the Black Archives History and Research Foundation of South Florida, Inc., a
Florida not -for -profit corporation ("BAF"), currently owns the "Black Archives Historic Lyric Theater,"
commonly known as the "Lyric Theater," a historic cultural complex located at 819 N.W. 2nd Avenue,
Miami, Florida 33136 ("Property"); and
WHEREAS, the SEOPW CRA and BAF wish to enter into a Commercial Lease Agreement
("Lease"), substantially in the form attached and incorporated herein as Exhibit "A" ("Purpose"); and
WHEREAS, the SEOPW CRA currently has access to that certain 3,488 square feet of office
space on the third floor of the Property ("Leased Premises") and access to that certain 1,520 square feet of
shared space on the third floor of the Property ("Shared Space"); and
WHEREAS, the Lease shall have a term of three (3) years at a total monthly rent of Nineteen
Thousand Four Hundred Sixty Dollars and Zero Cents ($19,460.00), or of Two Hundred Thirty -Three
City of Miami Page 1 of 2 File ID: 16398 (Revision:) Printed On: 8/5/2024
File ID: 16398 Enactment Number: CRA-R-24-0053
Thousand Five Hundred Twenty Dollars and Zero Cents ($233,520.00) annually, with a Three Percent
(3%) annual increase after the first Lease year; and
WHEREAS, on January 27, 2014, the Board of Commissioners, by Resolution No. CRA-R-14-
0002, attached and incorporated herein as Exhibit "B," authorized the Executive Director to enter into a
lease agreement with BAF; and
WHEREAS, the Board of Commissioners finds that authorizing this Resolution would further the
SEOPW CRA's redevelopment goals and objectives; and
WHEREAS, based on the recommendation and findings of the Executive Director, it is in the
SEOPW CRA's best interest for the Board of Commissioners to authorize the Executive Director to
negotiate and execute any and all agreements necessary, all -in forms acceptable to Staff Counsel BAF for
the Leased Premises;
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 Executive Director is authorized to negotiate and execute the lease
agreement, substantially in the form attached and incorporated herein as Exhibit "A," including any and
all necessary documents to effectuate said Lease, and all in forms acceptable to Staff Counsel, for said
Purpose, for a three (3) term at a total monthly rent of Nineteen Thousand Four Hundred Sixty Dollars
and Zero Cents ($19,460.00)("Monthly Rent"), or of Two Hundred Thirty -Three Thousand Five Hundred
Twenty Dollars and Zero Cents ($233,520.00), annually, with a Three Percent (3%) annual increase after
the first Lease year.
Section 3. The Executive Director is authorized to allocate an amount not to exceed the
Rent, at his discretion, from the Rentals and Leases Account No. 10050.920101.544000.0000.00000 to
the Black Archives to further the Purpose stated herein.
Section 4. Sections of this Resolution may be re -numbered 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 same with the
City of Miami City Clerk.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
ounsel 7/18/2024
City of Miami
Page 2 of 2 File ID: 16398 (Revision:) Printed on: 8/5/2024