HomeMy WebLinkAboutCRA-R-07-0035 Cover MemoSEOPW Special Board of Commissioners Meeting
May 10, 2007
Item No. 2
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones
and Members of the CRA Board
Date: May 03, 2007 File: 07-00588
Subject: Authorization to Execute Amendment No.1
to the Sawyer's Walk Settlement Agreement
From: James H. Villacort () References:
Executive Director
Enclosures: Supporting Documentation
Legislation
BACKGROUND
The attached Resolution seeks authorization for the Executive Director to execute Amendment No. 1 to
the Settlement Agreement in the cases of the City of Miami v. Sawyer's Walk, Ltd., Case No. 00-28860
CA 9 (the "Sawyer's Walk Litigation") and the Southeast Overtown/Park West Community Redevelopment
Agency v. Poinciana Village of Miami, Ltd., Case No. 02-06846 CA 9 (the "Poinciana Litigation").
Pursuant to Resolution CRA-R-05-0001, adopted January 27, 2005, the Southeast Overtown/Park West
Community Redevelopment Agency entered into a Settlement Agreement, dated as of January 27, 2005,
providing for settlement of the lawsuits and execution of a Restated Poinciana Lease, subject to the
satisfaction of certain conditions, all as more particularly defined and described in the Settlement
Agreement.
JUSTIFICATION
This Amendment provides for the extension of certain deadlines in recognition of the challenges to the
settlement agreement, the appeal of the issuance of a Major Use Special Permit, and the time required to
perform a second environmental study. Additionally, changed market conditions have caused the
developer to refine the detailed development plans to allow for the construction of smaller, more
affordable units, and allow for the delivery of more units in the first phase of development.
Attachment
JHV/pk