HomeMy WebLinkAboutCRA-R-08-0037City of Miami
Legislation
CRA Resolution: CRA-R-08-0037
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 08-00759 Final Action Date: 6/30/2008
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, WITH
ATTACHMENT(S), AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE A
DEVELOPMENT AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM,
WITH URBAN DEVELOPMENT GROUP, LLC FOR ITS JAZZ VILLAGE AT LITTLE
BROADWAY PROJECT.
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 April 30, 2007, the Board of Commissioners directed the Executive Director to
issue a request for proposals for parking lot P-3 at 345 N.W. 10th Street; and
WHEREAS, on May 10, 2007, the CRA issued an RFP, and on June 8, 2007, four (4)
responses were received by the Clerk of the Board; and
WHEREAS, the selection committee appointed by the Executive Director selected the
proposal (the "UDG Proposal") submitted by Urban Development Group, LLC ("UDG") which consists
of the development of 41 workforce and affordable condominium units, between 24,000 and 36,000
square feet of retail and office space, including a medical training facility; 70 low income rental units
and a 300-space parking garage to be owned, operated, and paid for by the CRA at a cost to the
CRA not to exceed $6,000,000 (the "Jazz Village Project"); and
WHEREAS, the Board of Commissioners, by Resolution No. CRA-R-07-0027, passed and
adopted on July 30, 2007, directed the Executive Director to attempt to negotiate a development
agreement for the development of CRA parking lot P-3 and adjacent land to be purchased by UDG in
accordance with the UDG Proposal; and
WHEREAS, on January 15, 2008, UDG informed the CRA that certain changes to the UDG
Proposal were necessary to proceed with the Jazz Village Project as a result of timing issues and
requested the CRA purchase the land adjacent to parking lot P-3 which the UDG Proposal
contemplated would be purchased by UDG from the Collins Center for Public Policy, Inc.; and
WHEREAS, the Board of Commissioners, by Resolution No. CRA-R-08-0014, passed and
adopted on February 25, 2008, authorized the CRA to purchase the land at a cost of $962,500; and
WHEREAS, on March 19, 2008, the CRA closed on the property; and
WHEREAS, UDG and the CRA have negotiated an agreement for the development of the
Jazz Village Project on CRA parking lot P-3 and the adjacent land substantially in accordance with the
UDG Proposal, except that in consideration of the CRA purchasing the land adjacent to parking lot
City of Miami Page 1 of 2 File Id: 08-00759 (Version: 11 Printed On: 1/3/2023
File Number: 08-00759 Enactment Number: CRA-R-08-0037
P-3 UDG agreed that the proposed CRA contribution of a $6,000,000 for the construction of a
300-space parking garage would be reduced by the cost incurred by the CRA in purchasing the
adjacent land and UDG would pay all cost overruns associated with the construction of the public
parking garage and UDG agreed to construct up to an additional seven affordable rental units as part
of the Jazz Village Project; and
WHEREAS, the Board of Commissioners wishes to authorize the Executive Director to
execute the development agreement for the Jazz Village 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 Board of Commissioners authorizes the Executive Director to execute a
development agreement, in substantially the attached form, with Urban Development Group, LLC for
its Jazz Village at Little Broadway Project.
Section 3. This resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 08-00759 (Version: 11 Printed On: 1/3/2023