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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