HomeMy WebLinkAboutSEOPW CRA 2014-07-30 AgendaCity of Miami
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
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Meeting Agenda
Wednesday, July 30, 2014
5:00 PM
Camillus House
1603 NW 7th Ave. Building B
Miami, FI. 33136
SEOPW Community Redevelopment Agency
Keon Hardemon, Chair
Wifredo (Willy) Gort, Vice Chair
Marc David Sarnoff, Commissioner
Frank Carollo, Commissioner
Francis Suarez, Commissioner
SEOPW CRA OFFICE ADDRESS:
819 NW 2nd Avenue, 3rd Floor
Miami, FL 33136
Phone: (305) 679-6800, Fax: (305) 679-6835
www.miamicra.com
SEOPW Community Redevelopment Agency
Meeting Agenda July 30, 2014
FINANCIALS
RESOLUTIONS
1.
14-00711
CRA RESOLUTION
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY, WITH ATTACHMENTS, AMENDING AND SUPPLEMENTING
RESOLUTION NO. CRA-R-12-0061 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 AREAAND 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 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
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
City of Miami Page 2 Printed on 7/23/2014
SEOPW Community Redevelopment Agency
Meeting Agenda July 30, 2014
2.
14-00695
3.
14-00696
WILL APPLY TO THE SERIES 2014A BONDS AND TO THE AGENCY'S
TAX -ADVANTAGED BONDS HEREAFTER ISSUED; AND PROVIDING AN
EFFECTIVE DATE.
File # 14-00711 Cover Memo.pdf
File # 14-00711 Legislation.pdf
File # 14-00711 Exhibit B.pdf
File # 14-00711 Exhibit C.pdf
File # 14-00711 Exhibit D.pdf
File # 14-00711 Exhibit E.pdf
File # 14-00711 Exhibit F.pdf
CRA RESOLUTION
A RESOLUTION, WITH ATTACHMENT(S), OF THE BOARD OF
COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY ("CRA") AUTHORIZING THE
ACCEPTANCE OF A GRANT, IN AN AMOUNT OF $150,000, FROM THE
FEDERAL HOME LOAN BANK OF ATLANTA ("FHLB-ATLANTA") FOR USE
IN CONNECTION WITH THE REHABILITATION OF TOWN PARK PLAZA
NORTH, 475 NW 19th STREET, MIAMI, FLORIDA (FOLIO NO.
01-3136-083-0870); AUTHORIZING THE EXECUTIVE DIRECTOR TO
EXECUTE THE COMMITMENT LETTER WITH FHLB-ATLANTA,
ATTACHED HERETO AS EXHIBIT "A," AND THE AFFORDABLE HOUSING
AGREEMENT WITH FHLB-ATLANTA AND FLORIDA COMMUNITY BANK,
ATTACHED HERETO AS EXHIBIT "B;" FURTHER AUTHORIZING THE
EXECUTIVE DIRECTOR TO EXECUTE ALL OTHER DOCUMENTS
NECESSARY FOR SAID PURPOSE.
File # 14-00695 Cover Memo.pdf
File # 14-00695 Legislation.pdf
File # 14-00695 Exhibit.pdf
CRA RESOLUTION
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY AUTHORIZING THE ISSUANCE OF A GRANT, IN THE AMOUNT
NOT TO EXCEED $50,000.00, TO THE BLACK ARCHIVES, HISTORY AND
RESEARCH FOUNDATION OF SOUTH FLORIDA, INC. TO UNDERWRITE
COSTS ASSOCIATED WITH THE CONTINUED OPERATION OF THE
WARD ROOMING HOUSE GALLERY CULTURAL TOURISM CENTER FOR
A PERIOD OF ONE (1) YEAR; AUTHORIZING THE EXECUTIVE
DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID
PURPOSE; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO
DISBURSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT BASIS
OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND
SATISFACTORY DOCUMENTATION; FURTHER AUTHORIZING THE
EXECUTIVE DIRECTOR TO APPROVE BUDGET MODIFICATIONS UNDER
THE GRANT, PROVIDED THAT THE OVERALL AMOUNT OF GRANT
FUNDING APPROVED HEREIN IS NOT EXCEEDED; FUNDS TO BE
ALLOCATED FROM SEOPW TAX INCREMENT FUND, ENTITLED "OTHER
GRANTS AND AIDS," ACCOUNT CODE NO.
10050.920101.883000.0000.00000.
City of Miami Page 3 Printed on 7/23/2014
SEOPW Community Redevelopment Agency Meeting Agenda July 30, 2014
4.
14-00719
File # 14-00696 Cover Memo.pdf
File # 14-00696 Financial Form.pdf
File # 14-00696 Backup.pdf
File # 14-00696 Legislation.pdf
CRA RESOLUTION
PROPOSED BUDGET FOR SEOPW CRA FY 2014-2015
File # 14-00719 Cover Memo.pdf
File # 14-00719 Backup.pdf
City of Miami Page 4 Printed on 7,23/2014