HomeMy WebLinkAboutCRA-R-08-0003City of Miami
Legislation
CRA Resolution: CRA-R-08-0003
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-00093 Final Action Date: 1/28/2008
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
WITH ATTACHMENT(S), AUTHORIZING THE EXECUTIVE DIRECTOR TO
EXECUTE A SETTLEMENT AGREEMENT, IN SUBSTANTIALLY THE ATTACHED
FORM, IN THE CASE OF SOUTHEAST OVERTOWN/PARK WEST COMMUNITY
REDEVELOPMENT AGENCY V. GREATER MIAMI NEIGHBORHOODS, INC., CASE
NO. 07-39455 CA (22), IN THE CIRCUIT COURT OF THE ELEVENTH JUDICIAL
COURT OF FLORIDA, IN AND FOR MIAMI-DADE COUNTY, SETTLING ALL
CLAIMS AND TRANSFERRING TITLE TO THE PROPERTY AT 1163 N.W. 3rd
AVENUE, MIAMI, FLORIDA, TO THE CRA.
WHEREAS, on January 10, 2001, the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") and Greater Miami Neighborhoods, Inc. ("GMN") entered into an
agreement whereby the CRA granted GMN funds for the purchase of the property at 1163 N.W. 3rd
Avenue, and GMN agreed to develop the property for the benefit of the CRA; and
WHEREAS, the CRA desired that the property be titled in GMN's name to enable more
effective negotiations relative to development of the property as the site of a fast-food franchise; and
WHEREAS, GMN was unable to develop the property; and
WHEREAS, the CRA brought suit against GMN on November 14, 2007 for breach of contract,
imposition of an equitable lien and to establish that the property was held in a constructive trust; and
WHEREAS, GMN has agreed to enter into a settlement agreement, settling all claims and
transferring title to the CRA; and
WHEREAS, the Board of Commissioners of the CRA wishes to authorize the Executive
Director to execute the attached settlement agreement;
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 authorized to execute a settlement agreement, in
substantially the attached form, in the case of Southeast Overtown/Park West Community
Redevelopment Agency v. Greater Miami Neighborhoods, Inc., Case No. 07-39455 CA (22), in the
Circuit Court of the Eleventh Judicial Court of Florida, in and for Miami -Dade County, settling all
City of Miami Page 1 of 2 File Id: 08-00093 (Version: 11 Printed On: 1/4/2023
File Number: 08-00093 Enactment Number: CRA-R-08-0003
claims and transferring title to the property at 1163 N.W. 3rd Avenue, Miami, Florida, to the CRA.
Section 3. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 08-00093 (Version: 1) Printed On: 1/4/2023