HomeMy WebLinkAboutSEOPW CRA 2014-07-30 Marked AgendaCity of Miami
Marked Agenda
SEOPW Community Redevelopment Agency
Keon Hardemon, Chair
Wifredo (Willy) Gort, Vice Chair
Marc David Sarnoff, Commissioner
Frank Carollo, Commissioner
Francis Suarez, Commissioner
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SEOPW CRA OFFICE ADDRESS:
819 NW 2nd Avenue, 3rd Floor
Miami, FL 33136
Phone: (305) 679-6800, Fax: (305) 679-6835
www.miamicra.com
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
Wednesday, July 30, 2014 5:00 PM
Camillus House
1603 NW 7th Ave., Building B
Miami, FL 33136
FINANCIALS
Present:
Commissioner Sarnoff, Commissioner Suarez, Vice Chair Gort and
Chair Hardemon
Absent: Commissioner Carollo
On the 30th day of July 2014, the Board of Commissioners of the Southeast
Overtown/Park West Community Redevelopment Agency of the City of Miami met in
regular session at Camillus House, 1603 Northwest 7th Avenue, Miami, Florida. The
meeting was called to order by Chair Hardemon at 5:25 p.m., and was adjourned at 6:33
p.m.
ALSO PRESENT:
Clarence Woods, Executive Director, CRA
Barnaby L. Min, Deputy General Counsel
Todd B. Hannon, Clerk of the Board
RESOLUTIONS
1. CRA RESOLUTION
14-00711 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
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SEOPW Community Redevelopment Agency
Marked Agenda July 30, 2014
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 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
14-00711-Submittal-SEOPW CRA-Cover Memo.pdf
14-00711-Submittal-SEOPW CRA-Tax Increment Revenue Bond Schedule.pdf
CRA-R-14-0051
MOVED:
Francis Suarez
SECONDED: Wifredo (Willy) Gort
Motion that this matter be ADOPTED PASSED by the following vote.
AYES:
Chair Hardemon, Vice Chair Gort, Commissioner Suarez and
Commissioner Sarnoff
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SEOPW Community Redevelopment Agency
Marked Agenda July 30, 2014
ABSENT: Commissioner Carollo
2. CRA RESOLUTION
14-00695
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-R-14-0052
MOVED:
Marc David Sarnoff
SECONDED: Wifredo (Willy) Gort
Motion that this matter be ADOPTED PASSED by the following vote.
AYES:
Chair Hardemon, Vice Chair Gort, Commissioner Suarez and
Commissioner Sarnoff
ABSENT: Commissioner Carollo
3. CRA RESOLUTION
14-00696
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.
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SEOPW Community Redevelopment Agency
Marked Agenda July 30, 2014
File # 14-00696 Cover Memo.pdf
File # 14-00696 Financial Form.pdf
File # 14-00696 Backup.pdf
File # 14-00696 Legislation.pdf
CRA-R-14-0053
MOVED:
SECONDED:
Francis Suarez
Marc David Sarnoff
Motion that this matter be ADOPTED PASSED by the following vote.
AYES:
Chair Hardemon, Vice Chair Gort, Commissioner Suarez and
Commissioner Sarnoff
ABSENT: Commissioner Carollo
4. CRA RESOLUTION
14-00719
NON AGENDA ITEM(S)
NA.1
14-00777
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY ("CRA"), WITH ATTACHMENT(S), APPROVING AND ADOPTING
THE CRA'S PROPOSED GENERAL OPERATING TAX INCREMENT FUND
BUDGET FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2014 AND
ENDING SEPTEMBER 30, 2015 SET FORTH IN ATTACHMENT "A";
DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMITA COPY OF SAID
BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY.
File # 14-00719 Cover Memo.pdf
14-00719-Legislation (Version 2).pdf
14-00742-Exhibit-SUB.pdf
CRA-R-14-0054
MOVED:
SECONDED:
Francis Suarez
Marc David Sarnoff
Motion that this matter be ADOPTED WITH MODIFICATIONS PASSED by the following
vote.
AYES:
Chair Hardemon, Vice Chair Gort, Commissioner Suarez and
Commissioner Sarnoff
ABSENT: Commissioner Carollo
CRA DISCUSSION
REQUEST MADE BY BOARD MEMBER SARNOFF TO EXECUTIVE
DIRECTOR, CLARENCE E. WOODS, FORA STATUS REPORT ON
BLOCKS 45, 55 AND 56; DETAILING WHETHER ANY CONTRACTORS
HAVE FULFILLED THEIR CONTRACTUAL OBLIGATIONS AND/OR
MADE ANY MODIFICATIONS. SAID REPORT IS DUE AT THE NEXT
SEOPW CRA MEETING.
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SEOPW Community Redevelopment Agency
Marked Agenda July 30, 2014
ADJOURNMENT
DISCUSSED
The meeting adjourned at 6:33 p.m.
City of Miami Page 5 Printed on 8/4/2014