HomeMy WebLinkAboutCRA-R-07-0050City of Miami
Legislation
CRA Resolution: CRA-R-07-0050
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-01464 Final Action Date: 11/28/2007
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA")
DIRECTING THE EXECUTIVE DIRECTOR TO WORK WITH MIAMI-DADE COUNTY
TO IDENTIFY FUNDING FOR SUBSIDIES FOR PROSPECTIVE HOMEBUYERS IN
THE SAWYER'S WALK PROJECT.
WHEREAS, pursuant to Southeast Overtown/Park West Community Redevelopment Agency
("CRA") Resolution No. CRA-R-05-0001, adopted January 27, 2005, the CRA entered into a
Settlement Agreement, dated as of January 27, 2005, (the "Settlement Agreement"), in City of Miami
v. Sawyer's Walk, Ltd., Case No. 00-28860 CA 9 (the "Sawyer's Walk Litigation") and Southeast
Overtown/Park West Community Redevelopment Agency v. Poinciana Village of Miami, Ltd., Case
No. 02-06846 CA 9 (the "Poinciana Litigation"); and
WHEREAS, the Settlement Agreement provides for settlement of both cases, execution of a
Restated Lease and Development Agreement, and construction of housing on blocks 45, 46, 55 and
56 in Overtown, subject to the satisfaction of certain conditions, all as more particularly defined and
described in the Settlement Agreement; and
WHEREAS, the CRA wishes to ensure maximum affordability and homeownership
opportunities for existing Overtown residents; and
WHEREAS, representatives of Miami -Dade County have also expressed a desire to ensure
affordability of these housing units; and
WHEREAS, the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency wishes to direct the Executive Director to work with Miami -Dade County to
identify funding for subsidies for prospective homebuyers in the Sawyer's Walk Project;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted
by reference and incorporated herein as if fully set forth in this Section.
Section 2. The Executive Director is hereby directed to work with Miami -Dade County to
identify funding for subsidies for prospective homebuyers in the Sawyer's Walk Project.
Section 3. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 1 of 2 File Id: 07-01464 (Version: 11 Printed On: 1/5/2023
File Number: 07-01464 Enactment Number: CRA-R-07-0050
City of Miami Page 2 of 2 File Id: 07-01464 (Version: 1) Printed On: 1/5/2023