HomeMy WebLinkAboutSEOPW CRA 2014-07-30 AdvertisementMIAMI DAILY BUSINESS REVIEW
Published Daily except Saturday, Sunday and
Legal Holidays
Miami, Miami -Dade County, Florida
STATE OF FLORIDA
COUNTY OF MIAMI-DADE:
Before the undersigned authority personally appeared
MARIA MESA, who on oath says that he or she is the
LEGAL CLERK, Legal Notices of the Miami Daily Business
Review f/k/a Miami Review, a daily (except Saturday, Sunday
and Legal Holidays) newspaper, published at Miami in Miami -Dade
County, Florida; that the attached copy of advertisement,
being a Legal Advertisement of Notice in the matter of
PO #19486
CITY OF MIAMI - COMMUNITY REDEVELOPMENT AGENCY
MEETING OF THE SE OVERTOWN/PARK WEST COMMUNITY 7/30/14
in the XXXX Court,
was published in said newspaper in the issues of
07/15/2014
Affiant further says that the said Miami Daily Business
Review is a newspaper published at Miami in said Miami -Dade
County, Florida and that the said newspaper has
heretofore been continuously published in said Miami -Dade County,
Florida, each day (except Saturday, Sunday and Legal Holidays)
and has been entered as second class mail matter at the post
office in Miami in said Miami -Dade County, Florida, for a
period of one year next preceding the first publication of the
attached copy of advertisement; and affiant further says that he or
she has neither paid nor promised any person, firm or corporation
any discount, rebate, co . nd for the purpose
of sent for public.tion in the said
ewspaper.
n to and subscribed be re me this
15 d...r of JULY
(SEAL)
A.D. 20
MARIA MESA personally known to me
Comm
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7
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
PLEASE ALL TAKE NOTICE that the Board of Commissioners Meeting
of the Southeast Overtown/Park West Community Redevelopment
Agency (SEOPW CRA) to be held on Monday, July 28, 2014, has been
rescheduled to Wednesday, July 30, 2014 @ 5:00 p.m at Camillus
House, 1603 NW 7th Ave, Building B, Miami, FL 33136.
All interested persons are invited to attend. For more information please
contact the SEOPW CRA office at (305) 679-6800.
#19486 Clarence E. Woods III, Executive Director
Southeast Overtown/Park West
Community Redevelopment Agency
7/15 14-4-192/2315158M
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MIAMI TODAY
WEEK OF THURSDAY, JULY 17, 2014
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY ,
PLEASE ALL TAKE NOTICE that the Board of Commissioners Meeting
of the Southeast Overtown/Park West Community Redevelopment
Agency (SEOPW CRA) to be held on Monday, July 28, 2014, has been
rescheduled to Wednesday, July 30, 2014 @ 5:00 p.m., at Camillus
House, 1603 NW 7th Ave, Building B, Miami, FL 33136.
All interested persons are invited to attend. For more information please
contact the SEOPW CRA office at (305) 679-6800.
#19486
Clarence E. Woods III, Executive Director
Southeast Overtown/Park West
Community Redevelopment Agency
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
PLEASE ALL TAKE NOTICE that the Board of Commissioners Meeting of the
Southeast Overtown/park West Community Redevelopment Agency (SEOPW
CRA) to be held on Monday, July 28, 2014, has been rescheduled to Wednes-
day, July 30, 2014 @ 5:00 p.m., at Camillus House, 1603 NW 7th Ave, Building
B, Miami, FL 33136.
All interested persons are invited to attend. For more information please con-
tact the SEOPW CRA office at (305) 679-6800.
#19486
Clarence E. Woods III, Executive Director
Southeast Overtown/Park West
Community Redevelopment Agency
MIAMI DAILY BUSINESS REVIEW
Published Daily except Saturday, Sunday and
Legal Holidays
Miami, Miami -Dade County, Florida
STATE OF FLORIDA
COUNTY OF MIAMI-DADE:
Before the undersigned authority personally appeared
MARIA MESA, who on oath says that he or she is the
LEGAL CLERK, Legal Notices of the Miami Daily Business
Review f/k/a Miami Review, a daily (except Saturday, Sunday
and Legal Holidays) newspaper, published at Miami in Miami -Dade
County, Florida; that the attached copy of advertisement,
being a Legal Advertisement of Notice in the matter of
PO # 19481
CITY OF MIAMI - NOTICE OF PUBLIC HEARING AND
PUBLIC MEETING FOR JULY 28, 2014
in the XXXX Court,
was published in said newspaper in the issues of
07/11/2014
Affiant further says that the said Miami Daily Business
Review is a newspaper published at Miami in said Miami -Dade
County, Florida and that the said newspaper has
heretofore been continuously published in said Miami -Dade County,
Florida, each day (except Saturday, Sunday and Legal Holidays)
and has been entered as second class mail matter at the post
office in Miami in said Miami -Dade County, Florida, for a
period of one year next preceding the first publication of the
attached copy of advertisement; and affiant further says that he or
she has neither paid nor promised any person, firm or corporation
any discount, rebate, comm i • • -fund for the purpose
of securtion in the said
EAL)
MARIA MESA pers
V k Jul A!I3
"7-13 ) IO I 'Q ]3I J JO
P,A"`''"MERCEDES ZALDNAR
MY COMMISSION #FF0297C 6)
Jr")
EXPIRES June 20. 2017
(407) 398.0153 FloridallotaryService.com
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NOTICE OF PUBLIC HEARING
AND PUBLIC MEETING
NOTICE OF PUBLIC HEARING AND PUBLIC MEETING
REGARDING THE ISSUANCE OF TAX INCREMENT REVENUE
BONDS NOT EXCEEDING $60,000,000 TO FINANCE CERTAIN
REDEVELOPMENT PROJECTS IN THE SOUTHEAST
OVERTOWN/PARK WEST REDEVELOPMENT AREA
Notice is hereby given of a public hearing and public meeting to be held by
the Southeast Overtown/Park West Community Redevelopment Agency
(the "Agency") on July 28, 2014, commencing at 5:00 p.m. at Camillus
House, 1603 NW 7th Avenue, Building B, Miami, Florida 33136, for the
purposes of:
1. Holding a public hearing to receive comment on the adoption
by the Agency of a resolution entitled:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF
THE SOUTHEAST OVERTOWNIPARK WEST COMMUNITY
REDEVELOPMENT AGENCY, WITH ATTACHMENTS,
AMENDING AND SUPPLEMENTING RESOLUTION NO.
CRA-R-12-0061 ADOPTED BY THE AGENCY ON SEPTEM-
BER 17, 2012, AS AMENDED AND SUPPLEMENTED BY
RESOLUTION NO. CRA-R-13-0025 ADOPTED BY THE
AGENCY ON MARCH 25, 2013 AND RESOLUTION NO.
CRA-R-13-0039 ADOPTED BY THE AGENCY ON JUNE 24,
2013, WHICH RESOLUTION NO. CRA-R-12-0061, AS
AMENDED AND SUPPLEMENTED (THE "RESOLUTION"),
PROVIDED FOR THE ISSUANCE OF TAX INCREMENT
REVENUE BONDS OF THE AGENCY TO FINANCE OR
REFINANCE THE ACQUISITION AND CONSTRUCTION OF
COMMUNITY REDEVELOPMENT PROJECTS IN THE
SOUTHEAST OVERTOWNIPARK WEST COMMUNITY
REDEVELOPMENT AREA AND PROVIDED FOR AND
AUTHORIZED THE ISSUANCE OF THE INITIAL SERIES OF
TAX INCREMENT REVENUE BONDS THEREUNDER (THE
"SERIES 2014A BONDS") FOR THE PURPOSE OF
FINANCING CERTAIN GRANTS TO BE USED FOR THE
CONSTRUCTION OR REHABILITATION OF AFFORDABLE
HOUSING AND FINANCING THE CONSTRUCTION OF
OTHER CAPITAL IMPROVEMENTS IN THE REDEVELOP-
MENT AREA; FOR THE PURPOSES OF AMENDING
CERTAIN PROVISIONS OF THE RESOLUTION RELATING
TO THE ISSUANCE OF ADDITIONAL BONDS AND PARITY
OBLIGATIONS TO IMPROVE THE MARKETABILITY OF
THE SERIES 2014A BONDS; MAKING CERTAIN
COVENANTS AND AGREEMENTS IN CONNECTION WITH
THE ISSUANCE OF THE SERIES 2014A BONDS; AUTHOR-
IZING A NEGOTIATED SALE OF THE SERIES 2014A
BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO
EXCEED $60,000,000; AUTHORIZING THE EXECUTIVE
DIRECTOR OF THE AGENCY TO AWARD THE SALE OF
THE SERIES 2014A BONDS TO WELLS FARGO BANK,
NATIONAL ASSOCIATION; DELEGATING CERTAIN
AUTHORITY TO THE EXECUTIVE DIRECTOR OF THE
AGENCY FOR THE• AUTHORIZATION, EXECUTION AND
DELIVERY OF A BOND PURCHASE AGREEMENT WITH
RESPECT THERETO, AND FOR THE APPROVAL OF THE
FINAL TERMS AND DETAILS OF THE SERIES 2014A
BONDS; APPOINTING THE REGISTRAR, PAYING AGENT,
AUTHENTICATING AGENT AND FUNDS TRUSTEE FOR
THE SERIES 2014A BONDS AND AUTHORIZING THE
EXECUTION AND DELIVERY OF A FISCAL AGENT AGREE-
MENT; AUTHORIZING THE DISTRIBUTION OF A PRELIMI-
NARY LIMITED OFFERING MEMORANDUM AND THE
EXECUTION AND DELIVERY OF A FINAL LIMITED
OFFERING MEMORANDUM WITH RESPECT THERETO:
AUTHORIZING THE EXECUTION AND DELIVERY OF A
CONTINUING DISCLOSURE AGREEMENT; AUTHORIZING
THE ESTABLISHMENT OF A BOOK -ENTRY SYSTEM OF
REGISTRATION FOR THE SERIES 2014A BONDS; ADOPT-
ING POST -ISSUANCE COMPLIANCE PROCEDURES FOR
TAX -ADVANTAGED BONDS PURSUANT TO CURRENT
GUIDELINES OF THE INTERNAL REVENUE SERVICE
WHICH WILL APPLY TO THE SERIES 2014A BONDS AND
TO THE AGENCY'S TAX -ADVANTAGED' BONDS
HEREAFTER ISSUED; AND PROVIDING AN EFFECTIVE
DATE.
2. Upon conclusion of the public hearing, the Agency may, at
such meeting or a subsequent meeting, consider adoption of such
resolution which, among other things, authorizes a negotiated sale of
the Agency's Tax Increment Revenue Bonds, Series 2014, in an
aggregate principal amount not to exceed $60,000,000 (the "Series
2014A Bonds") and authorizes the Executive Director of the Agency
to award the sale of the Series 2014A Bonds to Wells Fargo Bank,
National Association, for purposes of financing all or part of the
Costs of the following community redevelopment projects (the
"Redevelopment Projects") all or part of which are to be undertaken in
accordance with the Agency's Redevelopment Plan:
• Lyric_Place - Biook 25 new construction of not less than 158
affordable housing units consisting of (A) Phase I consisting of
between 98 - 100 affordable housing units to be located at the
intersection of NW 2nd Avenue and NW 9th Street, Miami,
Florida, of which not less than 50% of the units will be
dedicated for persons or families with -incomes that do not
exceed 60% of Area Media Income (MI), and the balance of
which will be dedicated for persons or families with incomes
that do not exceed 120% of AMI and (B) Phase II consisting of
not less than 60 affordable housing units to be located at the
intersection of NW 2nd Avenue and NW 9th Street, Miami,
Florida, of which not less than 50% of the units will be
dedicated for persons or families with incomes that do not
exceed 80% of AMI, and the balance of which will be dedicated
for persons or families with incomes that do not exceed 120%
of AMI. This project will be owned by or leased to a private
developer.
• Lyric Place - Block 36 new construction of approximately
300-space parking garage, of which not less than approximate-
ly 250 spaces will be available for use by the general public,
which parking garage will be owned by the Agency.
• at. John Ovelown Plaza new construction of not less than 90
affordable housing units to be located at NW 3rd Avenue and
13th Street, Miami, Florida, 100% of which will be dedicated for
persons or families with incomes that do not exceed 60% of
AMI. This project will be owned by or leased to a private
developer.
• Island Living new construction of approximately 60-80
affordable housing units to be located at 1201 NW 3rd Avenue,
Miami. Florida, of which not less than 50% of the units will be
dedicated for persons or families with incomes that do not
exceed 60% of AMI and the balance of such units will be
dedicated for persons or families with incomes that do not
exceed 120% of AMI. This project will be owned by or leased tc
a private developer.
1^�')kVR'i J0 A113.
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• Culmer Center Housing Devel $ment new construction of
not less than 75 affordable housing units to be located at a
property adjacent to the Culmer Neighborhood Service Center
at 1600 NW 3rd Avenue, Miami, Florida, 100% of the units of
which will be dedicated for persons or families with incomes
that do not exceed 60% of the AMI. Such property is currently
owned by Miami -Dade County, Florida and is leased to a
private developer. This project will be owned by or leased to a
private developer.
• Town Park - The Town Park project will be a rehabilitation of
three existing housing communities, Town Park Village
(consisting of the rehabilitation of an 18 building 147 unit
affordable cooperative housing project built in 1970), Town
Park Plaza South (consisting of the rehabilitation of a 17
building, 116 unit affordable cooperative housing project built
in 1971) and Town Park Plaza North (consisting of the
rehabilitation of a 20 building, 168 unit affordable condominium
housing project built in 1973). These projects are owned by
private individuals.
If the Agency approves the issuance of the Series 2014A Bonds, the
Series 2014A Bonds will be repaid from certain "increment revenues" as
such term is defined in Section .163.340(22), Florida Statutes, as
amended. The Series 2014A Bonds will mature no later than March 31,
2030. In accordance with Sections 163.358(3) and 163.385, Florida
Statutes, the Board of County Commissioners of Miami -Dade County,
Florida and of the City Commission of the City of Miami, Florida have
approved the issuance of the Series 2014A Bonds. Considering and
acting upon such other business as may properly come before the
Agency at said meeting.
Interested parties or affected taxpayers or property owners are invited to
attend said hearing and meeting and either personally or through their
representatives, to present oral or written comments and discussion
concerning the adoption of the resolution and the nature and location of
the Projects. Written comments may be submitted to, and a copy of the
proposed resolution is available for inspection by the public at the
Agency's office at 819 Northwest 2nd Avenue, Miami, Florida 33136.
If an individual decides to appeal any decision made by the Agency with
respect to any matter considered at this hearing or meeting, a record of
the proceedings will be required and the individual will need to ensure
that a verbatim transcript of the proceedings is made, which record
includes the testimony and evidence upon which the appeal is based.
Such person must provide a method for recording the proceedings
verbatim.
In accordance with the Americans with Disabilities Act, persons needing
special accommodations or an interpreter to participate in this
proceeding should contact the Agency at 819 Northwest 2nd Avenue,
Miami, Florida 33136, (305) 679-6800 no later than 48 hours prior to the
hearing and meeting.
#19481 SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY,
Miami, Florida
7/11
14-1-197/2313752M
MIAMI DAILY BUSINESS REVIEW
Published Daily except Saturday. Sunday and
Legal Holidays
Miami, Miami -Dade County. Florida
STATE OF FLORIDA
COUNTY OF MIAMI-DADE:
Before the undersigned authority personally appeared
MARIA MESA, who on oath says that he or she is the
LEGAL CLERK, Legal Notices of the Miami Daily Business
Review f/k/a Miami Review, a daily (except Saturday, Sunday
and Legal Holidays) newspaper, published at Miami in Miami -Dade
County, Florida; that the attached copy of advertisement,
being a Legal Advertisement of Notice in the matter of
#19485
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOP-
MENT AGENCY PUBLIC HEARING ETC OF 7/28/14 RESCHEDULED
in the XXXX Court,
was published in said newspaper in the issues of
07/15/2014
Affiant further says that the said Miami Daily Business
Review is a newspaper published at Miami in said Miami -Dade
County, Florida and that the said newspaper has
heretofore been continuously published in said Miami -Dade County,
Florida, each day (except Saturday, Sunday and Legal Holidays)
and has been entered as second class mail matter at the post
office in Miami in said Miami -Dade County, Florida, for a
period of one year next preceding the first publication of the
attached copy of advertisement; and affiant further says that he or
she has neither paid nor promised any person, firm or corporation
any d -:+ , re ate, c. • ion or refund for the purpose
securing this -. • - isement f.r pu blication in the said
newspaper.
MARIA MESA personally known to me
O. THOMAS
.�`pµvo .
1 Notary Public - State of Florida
tic•" My Comm. Expires Nov 2, 2017
t'' Commission # FF 034747
;;,;;;.'`''1Bonded Through National Notary Assn.
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O1AL J.Bei
li'!vir'1k1 JO A
1-1J13 31-1 a _!n
NOTICE OF PUBLIC HEARING AND
PUBLIC MEETING
NOTICE OF PUBLIC HEARING AND PUBLIC MEETING REGARDING
THE ISSUANCE OF TAX INCREMENT REVENUE BONDS
NOT EXCEEDING $60,000,000 TO FINANCE CERTAIN
REDEVELOPMENT PROJECTS IN THE SOUTHEAST
OVERTOWN!PARK WEST REDEVELOPMENT AREA
Notice is hereby given that the public hearing and public meeting
originally scheduled to be held by the Southeast Overtown/Park West
Community Redevelopment Agency (the "Agency") on July 28, 2014, has
been rescheduled to July 30, 2014, commencing at 5:00 p.m. at Camillus
House, 1603 NW 7th Avenue, Building B, Miami, Florida 33136, for the
purposes of:
1. Holding a public hearing to receive comment on the adoption
by the Agency of a resolution entitled:
A RESOLUTION OF THE BOARD OF COMMISSIONERS
OF THE SOUTHEAST OVERTOWNIPARK WEST
COMMUNITY REDEVELOPMENT AGENCY, WITH
ATTACHMENTS, AMENDING AND SUPPLEMENTING
RESOLUTION NO. CRA-R-1,2-0061 ADOPTED BY THE
AGENCY ON SEPTEMBER 17, 2012, AS AMENDED AND
SUPPLEMENTED BY RESOLUTION NO. CRA-R-13-0025
ADOPTED BY THE AGENCY ON MARCH 25, 2013 AND
RESOLUTION NO. CRA-R-13-0039 ADOPTED BY THE
AGENCY ON JUNE 24, 2013, WHICH RESOLUTION NO.
CRA-R-12-0061, AS AMENDED AND SUPPLEMENTED
(THE "RESOLUTION"'), PROVIDED FOR THE ISSUANCE
OF TAX INCREMENT REVENUE BONDS OF THE AGENCY
TO FINANCE OR REFINANCE THE ACQUISITION AND
CONSTRUCTION OF COMMUNITY REDEVELOPMENT
PROJECTS IN THE SOUTHEAST OVERTOWN!PARK
WEST COMMUNITY REDEVELOPMENT AREA AND
PROVIDED FOR AND AUTHORIZED THE ISSUANCE OF
THE INITIAL SERIES OF TAX INCREMENT REVENUE
BONDS THEREUNDER (THE "SERIES 2014A BONDS")
FOR THE PURPOSE OF FINANCING CERTAIN GRANTS
TO BE USED FOR THE CONSTRUCTION OR
REHABILITATION OF AFFORDABLE HOUSING AND
FINANCING THE CONSTRUCTION OF OTHER CAPITAL.
IMPROVEMENTS IN THE REDEVELOPMENT AREA; FOR
THE PURPOSES OF AMENDING CERTAIN PROVISIONS
OF THE RESOLUTION RELATING TO THE ISSUANCE OF
ADDITIONAL BONDS AND PARITY OBLIGATIONS TO
IMPROVE THE MARKETABILITY OF THE SERIES 2014A
BONDS; MAKING CERTAIN COVENANTS AND
AGREEMENTS IN CONNECTION WITH THE ISSUANCE
OF THE SERIES 2014A BONDS; AUTHORIZING A
NEGOTIATED SALE OF THE SERIES 2014A BONDS IN AN
AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED
$60,000,000; AUTHORIZING THE EXECUTIVE DIRECTOR
OF THE AGENCY TO AWARD THE SALE OF THE SERIES
2014A BONDS TO WELLS FARGO BANK, NATIONAL
ASSOCIATION; DELEGATING CERTAIN AUTHORITY TO
THE EXECUTIVE DIRECTOR OF THE AGENCY FOR THE
AUTHORIZATION, EXECUTION AND DELIVERY OF A
BOND PURCHASE AGREEMENT WITH RESPECT
THERETO, AND FOR THE APPROVAL OF THE FINAL
JTERMS AND DETAILS OF THE SERIES 2014A BONDS;
APPOINTING THE REGISTRAR, PAYING AGENT,
AUTHENTICATING AGENT AND FUNDS TRUSTEE FOR
E SERIES 2014A BONDS AND AUTHORIZING THE
EXECUTION AND DELIVERY OF A FISCAL AGENT
AGREEMENT; AUTHORIZING THE DISTRIBUTION OF A
PRELIMINARY LIMITED OFFERING MEMORANDUM AND
THE EXECUTION AND DELIVERY OF A FINAL LIMITED
OFFERING MEMORANDUM WITH RESPECT THERETO;
AUTHORIZING THE EXECUTION AND DELIVERY
OF A CONTINUING DISCLOSURE AGREEMENT;
AUTHORIZING THE ESTABLISHMENT OF A BOOK -
ENTRY SYSTEM OF REGISTRATION FOR THE
SERIES 2014A BONDS; ADOPTING POST -ISSUANCE
COMPLIANCE PROCEDURES FOR TAX -ADVANTAGED
BONDS PURSUANT TO CURRENT GUIDELINES OF THE
INTERNAL REVENUE SERVICE WHICH WILL APPLY TO
THE SERIES 2014A BONDS AND TO THE AGENCY'S TAX -
ADVANTAGED BONDS HEREAFTER ISSUED; AND
PROVIDING AN EFFECTIVE DATE.
2. Upon conclusion of the public hearing, the Agency may,
at such meeting or a subsequent meeting, consider adoption of such
resolution which, among other things, authorizes a negotiated sale of the
Agency's Tax Increment Revenue Bonds, Series 2014, in an aggregate
principal amount not to exceed $60,000,000 (the "Series 2014A Bonds")
and authorizes the Executive Director of the Agency to award the sale of
the Series 2014A Bonds to Wells Fargo Bank, National Association, for
purposes of financing all or part of the Costs of the following community
redevelopment projects (the "Redevelopment Projects") all or part
of which are to be undertaken in accordance with the Agency's
Redevelopment Plan:
• Lyric Place - Block 25 New construction of not less than 158
affordable housing units consisting of (A) Phase I consisting
of between 98 - 100 affordable housing units to be located at
the intersection of NW 2nd Avenue and NW 9th Street,
Miami, Florida, of which not less than 50% of the units will be
dedicated for persons or families with incomes that do not
exceed 60% of Area Media Income (AMI), and the balance of
which will be dedicated for persons or families with incomes
that do not exceed 120% of AMI and (B) Phase II consisting
of not less than 60 affordable housing units to be located at
the intersection of NW 2nd Avenue and NW 9th Street,
Miami, Florida, of which not less than 50% of the units will be
dedicated for persons or families with incomes that do not
exceed 80% of AMI, and the balance of which will be
dedicated for persons or families with incomes that do not
exceed 120% of AMI. This project will be owned by or leased
to a private developer.
• Lyric Place - Block 36 New construction of approximately
300-space parking garage, of which not less than
approximately 250 spaces will be available for use by the
general public, which parking garage will be owned by the
Agency.
• St. John Overtown Plaza New construction of not Tess than
90 affordable housing units to be located at NW 3rd Avenue
and 13th Street, Miami, Florida, 100% of which will be
dedicated for persons or families with incomes that do not
exceed 60% of AMI. This project will be owned by or leased to
a private developer.
• Island Living New construction of approximately 60-80
affordable housing units to be located at 1201 NW 3rd
Avenue, Miami, Florida, of which not less than 50% of the
units will be dedicated for persons or families with incomes
that do not exceed 60% of AMI and the balance of such units
will be dedicated for persons or families with incomes that do
not exceed 120% of AMI. This project will be owned by or
leased to a private developer.
• Culmer Center Housing Development New construction of
not less than 75 affordable housing units to be located at a
property adjacent to the Culmer Neighborhood Service
Center at 1600 NW 3rd Avenue, Miami, Florida, 100% of the
units of which will be dedicated for persons or families with
incomes that do not exceed 60% of the AMI. Such property is
currently owned by Miami -Dade County, Florida and is
leased to a private developer. This project will be owned by or
leased to a private developer.
• Town Park The Town Park project will be a rehabilitation of
three existing housing communities, Town Park Village
(consisting of the rehabilitation of an 18 building 147 unit
affordable cooperative housing project built in 1970), Town
Park Plaza South (consisting of the rehabilitation of a 17
building, 116 unit affordable cooperative housing project built
in 1971) and Town Park Plaza North (consisting of the
rehabilitation of a 20 building, 168 unit affordable
condominium housing project built in 1973). These projects
are owned by private individuals.
If the Agency approves the issuance of the Series 2014A Bonds, the
Series 2014A Bonds will be repaid from certain "increment revenues" as
such term is defined in Section 163.340(22), Florida Statutes, as
amended. The Series 2014A Bonds will mature no later than March 31,
2030. In accordance with Sections 163.358(3) and 163.385, Florida
Statutes, the Board of County Commissioners of Miami -Dade County,
Florida and of the City Commission of the City of Miami, Florida have
approved the issuance of the Series 2014A Bonds. Considering and
actino uoon such other business as may orooerlv come before the
Agency at said meeting.
Interested parties or affected taxpayers or property owners are invited to
attend said hearing and meeting and either personally or through their
representatives, to present oral or written comments and discussion
concerning the adoption of the resolution and the nature and location of
the Projects. Written comments may be submitted to, and a copy of the
proposed resolution is available for inspection by the public at the
Agency's office at 819 Northwest 2nd Avenue, Miami, Florida 33136.
If an individual decides to appeal any decision made by the Agency with
respect to any matter considered at this hearing or meeting, a record of
the proceedings will be required and the individual will need to ensure that
a verbatim transcript of the proceedings is made, which record includes
the testimony and evidence upon which the appeal is based. Such person
must provide a method for recording the proceedings verbatim.
In accordance with the Americans with Disabilities Act, persons needing
special accommodations or an interpreter to participate in this proceeding
should contact the Agency at 819 Northwest 2nd Avenue, Miami, Florida
33136, (305) 679-6800 no later than 48 hours prior to the hearing and
meeting.
#19485 SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY,
Miami, Florida
7/15 14-3-189/2314925M
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WEEK OF THURSDAY, JULY 17, 2014
TODAY'S NEWS
MIAMI TODAY 11
Parking agency spends more to pave way for garage tenants
BY JOHN CHARLES R000INS
The sound of builders at work resonates
through the first few floors of the city's
newest parking facility, Courthouse Cen-
ter Garage, as it awaits its newest tenants.
The Miami Parking Authority's mixed -
use parking garage at 40 NW Third St.
opened in 2010 and has upper and lower
office space and some retail square footage
on the ground floor. The largest office use
is that of the parking agency itself, which
takes up about 10,000 square feet on the
top floor. A law firm also has a portion of
the llth floor, adjacent to the authority
offices.
Earlier this year the authority announced
new tenants for the office and retail space,
resulting in more than 85% of the leasable
floor space spoken for.
At its latest meeting July 9, the city's
Off -Street Parking Board authorized addi-
tional money for work on the second and
third floors, work that will clear the way
for major new tenants.
In February the board awarded MAC
Construction a contract for the common
area build -out and improvements to the
second floor, for $221,375.
Rolando G. Tapanes, the authority's
director of Planning & Development, told
the board that two additional items would
be needed to complete the work: installa-
tion of security cameras and core drilling to
the third floor to accommodate construc-
tion of restrooms on the third floor.
The added cost to cover those items is
$7,803.57.
The second floor build -out is 90% com-
plete, and staff feels confident that no
added change orders will be required to
close out the project, said Mr. Tapanes.
Board member Arthur Hertz was happy
to hear that but said, "It sounds like a fairy
tale when you say there'll be no other
change orders."
The board approved spending the addi-
tional money, bringing the total contract to
$229,178.57.
Earlier this year the agency announced
leases with the Miami Foundation, Burger
King and a law firm.
Sinclair, Louis, Heath, Nussbaum &
Zavertnik P.A. signed a 10-year lease for
3,179 square feet on the second floor of
Courthouse Center.
The Miami Foundation signed a 10-year
lease to occupy the entire third floor office
space comprising 6,466 square feet. The
foundation plans to be in its new home by
year's end.
In May the board approved a lease offer
to a franchisee of Burger King Corp. in
response to a letter of intent from the
franchisee to lease about 1,547 square feet,
a ground floor retail unit on Northwest
Third Street.
Burger King and the law firm moving in
will leave about 2,000 square feet of retail
on Northwest Second Street, and about
3,200 square feet of office space on the
second floor.
NOTICE OF PUBLIC HEARING AND PUBLIC MEETING
NOTICE OF PUBLIC HEARING AND PUBLIC MEETING REGARDING THE ISSUANCE OF TAX INCREMENT REVENUE BONDS NOT EXCEEDING $60,000,000 TO
FINANCE CERTAIN REDEVELOPMENT PROJECTS IN THE SOUTHEAST OVERTOWN/PARK WEST REDEVELOPMENT AREA
Notice is hereby given that the public hearing and public meeting originally scheduled to be held by the Southeast Overtown/Park West Community Redevelopment Agency (the "Agency")
on July 28, 2014, has been rescheduled to July 30, 2014, commencing at 5:00 p.m. at Camillus House, 1603 NW 7th Avenue, Building B, Miami, Florida 33136, for the purposes of:
1. Holding a public hearing to receive comment on the adoption by the Agency of a resolution entitled:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWNPARK WEST COMMUNITY REDEVELOPMENTAGENCY, WITH ATTACHMENTS, AMENDING
AND SUPPLEMENTING RESOLUTION NO. CRA-R-12-0061 ADOPTED BYTHE AGENCY ON SEPTEMBER 17, 2012, AS AMENDED AND SUPPLEMENTED BY RESOLUTION NO. CRA-
R-13-0025 ADOPTED BY THE AGENCY ON MARCH 25, 2013 AND RESOLUTION NO. CRA-R-13-0039 ADOPTED BY THE AGENCY ON JUNE 24, 2013, WHICH RESOLUTION NO. CRA-
R-12-0061, AS AMENDED AND SUPPLEMENTED (THE "RESOLUTION"), PROVIDED FOR THE ISSUANCE OF TAX INCREMENT REVENUE BONDS OF THE AGENCY TO FINANCE OR
REFINANCE THE ACQUISITION AND CONSTRUCTION OF COMMUNITY REDEVELOPMENT PROJECTS IN THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOP-
MENTAREAAND PROVIDED FOR AND AUTHORIZED THE ISSUANCE OFTHE INITIAL SERIES OF TAX INCREMENT REVENUE BONDS THEREUNDER (THE "SERIES 2014A BONDS")
FOR THE PURPOSE OF FINANCING CERTAIN GRANTS TO BE USED FOR THE CONSTRUCTION OR REHABILITATION OF AFFORDABLE HOUSING AND FINANCING THE CON-
STRUCTION OF OTHER CAPITAL IMPROVEMENTS IN TIE REDEVELOPMENTAREA; FOR THE PURPOSES OF AMENDING CERTAIN PROVISIONS OF THE RESOLUTION RELATING
TO THE ISSUANCE OF ADDITIONAL BONDS AND PARITY OBUGATIONS TO IMPROVE THE MARKETABILITY OF TEE SERIES 2014A BONDS; MAKING CERTAIN COVENANTS AND
AGREEMENTS IN CONNECTION WITH THE ISSUANCE OF THE SERIES 2014A BONDS; AUTHORIZING A NEGOTIATED SALE OF THE SERIES 2014A BONDS IN AN AGGREGATE
PRINCIPAL AMOUNT NOT TO EXCEED $60,000,000; AUTHORIZING THE EXECUTIVE DIRECTOR OF THE AGENCY TO AWARD THE SALE OF THE SERIES 2014A BONDS TO WELLS
FARGO BANK, NATIONAL ASSOCIATION; DELEGATING CERTAIN AUTHORITY TO THE EXECUTIVE DIRECTOR OF THE AGENCY FOR THE AUTHORIZATION, EXECUTION AND DE-
LIVERY OF A BOND PURCHASE AGREEMENT WITH RESPECT THERETO, AND FOR THE APPROVAL OF THE FINAL TERMS AND DETAILS OF THE SERIES 2014A BONDS; AP-
POINTING THE REGISTRAR, PAYING AGENT, AUTHENTICATING AGENT AND FUNDS TRUSTEE FOR THE SERIES 2014A BONDS AND AUTHORIZING THE EXECUTION AND DELIVERY
OFA FISCAL AGENT AGREEMENT; AUTHORIZING THE DISTRIBUTION OF A PREUMINARY LIMITED OFFERING MEMORANDUM AND THE EXECUTION AND DELIVERY OF A FINAL
UMITED OFFERING MEMORANDUM WITH RESPECT THERETO; AUTHORIZING THE EXECUTION AND DELIVERY OF A CONTINUING DISCLOSURE AGREEMENT; AUTHORIZJNG
THE ESTABLISHMENT OF A BOOK -ENTRY SYSTEM OF REGISTRATION FOR THE SERIES 2014A BONDS; ADOPTING POST -ISSUANCE COMPLIANCE PROCEDURES FOR TAX -AD-
VANTAGED BONDS PURSUANT TO CURRENT GUIDEUNES OF THE INTERNAL REVENUE SERVICE WHICH WILL APPLY TO THE SERIES 2014A BONDS AND TO THE AGENCY'S
TAX -ADVANTAGED BONDS HEREAFTER ISSUED; AND PROVIDING AN EFFECTIVE DATE
2. Upon conclusion of the public hearing, the Agency may, at such meeting or a subsequent meeting, consider adoption of such resolution which, among other things, authorizes a
negotiated sale of the Agency's Tax Increment Revenue Bonds, Series 2014, in an aggregate principal amount not to exceed $60,000,000 (the "Series 2014A Bonds") and authorizes
the Executive Director of the Agency to award the sale of the Series 2014A Bonds to Wells Fargo Bank, National Association, for purposes of financing all or part of the Costs of the
following community redevelopment projects (the "Redevelopment Projects") all or part of which are to be undertaken in accordance with the Agency's Redevelopment Plan:
• Lvric Place - Block 25 New construction of not less than 158 affordable housing units consisting of (A) Phase I consisting of between 98 —100 affordable housing units
to be located at the intersection of NW 2nd Avenue and NW 9th Street, Miami, Florida, of which not less than 50% of the units will be dedicated for persons or families with
incomes that do not exceed 60% of Area Media Income (AMI), and the balance of which will be dedicated for persons or families with incomes that do not exceed 120% of
AMI and (B) Phase II consisting of not less than 60 affordable housing units to be located at the intersection of NW 2nd Avenue and NW 9th Street, Miami, Florida, of which
not less than 50% of the units will be dedicated for persons or families with incomes that do not exceed 80% of AMI, and the balance of which will be dedicated for persons
or families with incomes that do not exceed 120% of AMI. This project will be owned by or leased to a private developer.
• J vrir. Place - Rinrk 36 New construction of approximately 300-space parking garage, of which not less than approximately 250 spaces will be available for use by the
general public, which parking garage will be owned by the Agency.
• St John Overtcwn Pla'a New construction of not less than 90 affordable housing units to be located at NW 3rd Avenue and 13th Street, Miami, Florida, 100% of which
will be dedicated for persons or families with incomes that do not exceed 60% of AMI. This project will be owned by or leased to a private developer.
• Island Living New construction of approximately 60-80 affordable housing units to be located at 1201 NW 3rd Avenue, Miami, Florida, of which not less than 50% of
the units will be dedicated for persons or families with incomes that do not exceed 60% of AMI and the balance of such units will be dedicated for persons or families with in-
comes that do not exceed 120% of AMI. This project will be owned by or leased to a private developer.
• Culmer Center Housina Development New construction of not less than 75 affordable housing units to be located at a property adjacent to the Culmer Neighborhood
Service Center at 1600 NW 3rd Avenue, Miami, Florida, 100% of the units of which will be dedicated for persons or families with incomes that do not exceed 60% of the AMI.
Such property is currently owned by Miami -Dade County, Florida and is leased to a private developer. This project will be owned by or leased to a private developer.
• Town Park The Town Park project will be a rehabilitation of three existing housing communities, Town Park Village (consisting of the rehabilitation of an 18 building 147
unit affordable cooperative housing project built in 1970), Town Park Plaza South (consisting of the rehabilitation of a 17 building, 116 unit affordable cooperative housing
project built in 1971) and Town Park Plaza North (consisting of the rehabilitation of a 20 building, 168 unit affordable condominium housing project built in 1973). These
projects are owned by private individuals.
If the Agency approves the issuance of the Series 2014A Bonds, the Series 2014A Bonds will be repaid from certain "increment revenues" as such term is defined in Section
163.340(22), Florida Statutes, as amended. The Series 2014A Bonds will mature no later than March 31, 2030. In accordance with Sections 163.358(3) and 163.385, Florida
Statutes, the Board of County Commissioners of Miami -Dade County, Florida and of the City Commission of the City of Miami, Florida have approved the issuance of the Series
2014A Bonds. Considering and acting upon such other business as may properly come before the Agency at said meeting.
Interested parties or affected taxpayers or property owners are invited to attend said hearing and meeting and either personally or through their representatives, to present oral or
written comments and discussion concerning the adoption of the resolution and the nature and location of the Projects. Written comments may be submitted to, and a copy of the
proposed resolution is available for inspection by the public at the Agency's office at 819 Northwest 2nd Avenue, Miami, Florida 33136.
If an individual decides to appeal any decision made by the Agency with respect to any matter considered at this hearing or meeting, a record of the proceedings will be required
and the individual will need to ensure that a verbatim transcript of the proceedings is made, which record includes the testimony and evidence upon which the appeal is based.
Such person must provide a method for recording the proceedings verbatim.
In accordance with the Americans with Disabilities Act, persons needing special accommodations or an interpreter to participate in this proceeding should contact the Agency at
819 Northwest 2nd Avenue, Miami, Florida 33136, (305) 679-6800 no later than 48 hours prior to the hearing and meeting.
#19485 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY,
Miami, Florida