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HomeMy WebLinkAboutCRA-R-07-0036 cover memoSEOPW & Omni Boards of Commissioners Meeting July 10, 2007 Item # 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: July 03, 2007 File: 07-00887 Subject: Authorizing an Amendment to the Settlement In Miami -Dade County v. City of Miami and Southeast Overtown/Parkwest Community Redevelopment Agency, Case No. 01-13810 CA 08 (The Reverter Litigation Over Blocks 36, 45 and 56 in Overtown) From: James H. Villacorta//" References: Executive Director Enclosures: Supporting Documentation; Legislation BACKGROUND: The City of Miami, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") and Miami - Dade County entered into a settlement agreement in the case of Miami -Dade County v. the City of Miami and Southeast Overtown/Parkwesf Community Redevelopment Agency, Case No. 01-13810 CA (08). The litigation involved Miami -Dade County's alleged reversionary interest in blocks 36, 45, and 56 in Overtown. Subject to certain conditions and extensions, the settlement provided for transfer of title to the blocks if the City and/or CRA had not "commenced construction of development" on all of the blocks by August 1, 2007. Blocks 45 and 46 are part of the Sawyers Walk development and block 36 is part of an upcoming Request For Proposals. The attached resolution seeks authorization for the Executive Director to execute an amendment to the Settlement Agreement, in a form acceptable 10 CRA General Counsel, to extend the reverter date. JUSTIFICATION: The CRA and the City have engaged in extensive negotiations to provide for the development of 1,050 housing units on blocks 45, 46, 55, and 56 in Overtown. A Major Use Special Permit has been issued by the City of Miami for construction of this development. Miami -Dade County claims a right of reverter on two of these blocks as well as on block 36. The City, the CRA, and Miami -Dade County have negotiated an extension to the settlement agreement to allow this development to proceed and provide additional time for development of block 36. JHV/eh •