HomeMy WebLinkAboutCRA-R-04-0021 Cover memoSOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
CRA Board of Directors Meeting
November 15, 2004
Chairman Johnny L. Winton Date: November 5, 2004 File: 04-01271
and Members of the CRA Board
From:Fnk K. Rollason
Executive Director
Subject Resolution to Authorize Advertising
Disposal of Land/Park West, Ltd.
Lease/Bayview Towers Site --
800 N. Miami Avenue
References:
Enclosures: Resolution;
Supporting documentation
RECOMMENDATION:
It is recommended that the Board of Directors of the Southeast Overtown/Park West Community
Redevelopment Agency (SEOPW CRA) approve and adopt the attached Resolution instructing
the Executive Director to issue a notice of disposition and request for proposals, in accordance
with Florida Statutes Section 163.380, for the purpose of disposal of the land located at 800 North
Miami Avenue and contained within the lease between Park West, LTD., and the City of Miami of
which the City of Miami has assigned its interest as landlord under the Lease to the SEOPW
CRA.
JUSTIFICATION:
The tenant, Bayview Towers Associates, LLC, under the lease has presented an offer to the CRA
for the purchase of the land. After several months of negotiations, the present offer is currently
being evaluated, but is significant enough in scope and content to warrant the required 30-day
advertisement of the disposal of this site under Chapter 163. By advertising at this point,
significant time may be saved in the transaction process if 1) the evaluation of the latest proposal
is found favorable to the Board of Directors, and 2) no more advantageous offer is received as a
result of the public offering. Once all the responses are received and evaluated and the final offer
by Bayview Towers Associates has been evaluated and found acceptable as presented or
modified as necessary, the Executive Director shall return to the Board of Directors with a
recommendation as appropriate.
FKR/eh