HomeMy WebLinkAboutCRA-R-08-0004 LegislationCity of Miami
Legislation
CRA Resolution
City Hail
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-00094 Final Action (late:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY,
AUTHORIZING THE EXPENDITURE OF FUNDS, IN AN AMOUNT NOT TO
EXCEED $10,000, FOR THE PAYMENT OF OUTSTANDING REAL ESTATE
PROPERTY TAXES ON THE PROPERTY AT 1163 N.W. 3rd AVENUE, MIAMI,
FLORIDA; FUNDS TO BE ALLOCATED FROM SEOPW TAX INCREMENT FUND,
ENTITLED "OTHER GRANTS AND AIDS," ACCOUNT CODE NO.
10050.920101.88300.0000.00000.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA")
is responsible for carrying out community redevelopment activities and projects in accordance with its
Redevelopment Plan; and
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, GMN was unable to develop the property and 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 being held in a constructive trust; and
WHEREAS, the Board of Commissioners has authorized execution of a settlement agreement
settling all claims and transferring title to the property to the CRA; and
WHEREAS, there are currently outstanding real estate property taxes, and
WHEREAS, the Board of Commissioners wishes to authorize the payment of these outstanding
taxes;
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 expend funds, in an amount not to exceed
$10,000, for the payment of outstanding real estate property taxes on the property at 1163 N.W. 3rd
Avenue, Miami, Florida.
Section 3. Funds are to be allocated from the SEOPW Tax Increment Fund, entitled
City of Miami
Page 1 of 2 Printed On: 1/23/2008
File Number: 08-00094
"Other Grants and Aids" Account Code No. 10050.920101.88300.0000.00000.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS,,—
JORGE'L.FERNANDEZ
GENERAL COUNSEL
City of Miami Page 1 of 2 Printed On: I/23/2008