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HomeMy WebLinkAboutCRA-R-12-0019 03-29-12 LegislationCity of Miami Legislation CRA Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 12-00306 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING THE EXECUTIVE DIRECTOR TO EXTEND THE REVERTER RIGHT CONTAINED THE IN THE SPECIAL WARRANTY DEED TO ST. JOHN COMMUNITY DEVELOPMENT CORPORATION FOR PROPERTIES 243 NW 13TH STREET, 235 NW 13TH STREET, AND 1311 NW 2ND COURT, FOLIO #'S 01-3136-036-0100, 01-3136-036-0090, AND 01-3136-036-0070, RESPECTIVELY, FOR THE PURPOSE OF THE DESIGN AND CONSTRUCTION OF A MIXED USE PROJECT FOR 8 YEARS, FROM JUNE 12, 2009; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE, IN A FORM ACCEPTABLE TO GENERAL COUNCEL. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with its approved Redevelopment Plan; and WHEREAS, Goal 3, Principals 2 and 3, at page 14 of the Plan state that the CRA strive to provide affordable housing to accommodate existing and future residents of the redevelopment area; and WHEREAS, Section 2, Goal 1/Principle 8, at pages 11 and 15, of the 2009 Southeast Overtown/Park West Community Redevelopment Plan, lists "[pjreserving historic building and community heritage;" and that "[o]Ider buildings that embody the area's cultural past should be restored;" as stated redevelopment goals; and WHEREAS, a stated redevelopment principle of the 2009 Southeast Overtown/Park West Community Redevelopment Plan is "...the support and enhancement of existing businesses and local entrepreneurs and the attraction of new businesses that provide needed services and economic opportunities," Principle 6, at page 15; and WHEREAS, another redevelopment principle of the 2009 Southeast Overtown/Park West Community Redevelopment Plan is "streets and buildings must be attractive," Principle 10, at page 16; and WHEREAS, the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency, by Resolution No. SEOPW/CRA R-03-35, passed and adopted on April 28, 2003, authorized the execution of a Settlement Agreement between the City of Miami ("City"), the CRA and St. John Community Development Corporation ("St. John CDC"), which included the transfer of properties, 243 NW 13th Street, 235 NW 13th Street, and 1311 NW 2nd Court, Folio #'s 01-3136-036-0100, 01-3136-036-0090, and 01-3136-036-0070, respectively, for the purpose of the design and construction of a mixed use project ("Lyric Village Project"); and City of Miami Page 1 of 2 File Id: 12-00306 (Version: 1) Printed On: 3/20/2012 File Number: 12-00306 WHEREAS, the Special Warranty Deed that transferred the properties provides that if St. John CDC has not commenced construction of the Lyric Village Project by June 12, 2009, the properties automatically revert to the CRA; and WHEREAS, the Lyric Village Project is a public/private undertaking between St. John CDC and the CRA. St. John CDC has not been able to commence the Lyric Village Project, due to circumstances out of the control of the CRA and St. John CDC. Currently St. John CDC is engaged in designing the Lyric Village Project; and WHEREAS, the Board of Commissioners wishes to authorize the executive director to extend the reverter right contained the in the Special Warranty Deed to St. John CDC for properties 243 NW 13TH Street, 235 NW 13TH Street, and 1311 NW 2ND Court, Folio #'s 01-3136-036-0100, 01-3136-036-0090, and 01-3136-036-0070, respectively, for the Lyric Village Project, for 8 years, from the June 12, 2009. 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 hereby authorizes the executive director to extend the reverter right contained the in the Special Warranty Deed to St. John CDC for properties 243 NW 13TH Street, 235 NW 13TH Street, and 1311 NW 2ND Court, Folio #'s 01-3136-036-0100, 01-3136- 036-0090, and 01-3136-036-0070, respectively, for the Lyric Village Project, for 8 years, from the June 12, 2009. Section 3. The Executive Director is authorized to execute all documents necessary for said purpose, in a form acceptable to General Counsel. Section 4. This resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND CORRECTNESS: JULIE O. BRU GENERAL COUNSEL City of Miami Page 2 of 2 File Id: 12-00306 (Version: 1) Printed On: 3/20/2012