HomeMy WebLinkAboutCRA-R-12-0039City of Miami
Legislation
CRA Resolution: CRA-R-12-0039
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-00591 Final Action Date: 5/29/2012
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING THE EXECUTION OF A DEVELOPMENT AGREEMENT, IN
SUBSTANTIALLY THE ATTACHED FORM, WITH ISLAND LIVING APARTMENTS,
LTD, A FLORIDA LIMITED PARTNERSHIP FOR THE DEVELOPMENT OF AN
AFFORDABLE HOUSING PROJECT CONSISTING OF NOT LESS THAN 70
RESIDENTIAL UNITS AND 5000 SQUARE FEET OF COMMERCIAL SPACE TO BE
LOCATED AT 1201 N.W. 3RD AVENUE, AND 229-247 N.W. 12TH STREET, MIAMI,
FLORIDA, WHICH DEVELOPMENT AGREEMENT INCLUDES THE MAKING OFA
GRANT TO THE DEVELOPER IN AN AMOUNT NOT TO EXCEED NINE MILLION
DOLLARS; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE THE
GRANT, AT HIS DISCRETION, IN ACCORDANCE WITH THE TERMS OF THE
DEVELOPMENT AGREEMENT; FURTHER AUTHORIZING THE EXECUTIVE
DIRECTOR TO EXECUTE AND AMEND ALL DOCUMENTS NECESSARY FOR SAID
PURPOSE, IN A FORM ACCEPTABLE TO SPECIAL COUNSEL.
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, Section 2, Goal 3/Principles 2 and 3, at pages 12 and 14, of the 2009 Amended
and Restated Southeast Overtown/Park West Redevelopment Plan, lists "[c]reating infill housing,"
and "variety in housing options," as stated redevelopment goals; and
WHEREAS, Section 2, Goal 4/Principle 4, at pages 12 and 14, of the 2009 Amended and
Restated Southeast Overtown/Park West Redevelopment Plan, lists "[c]reating jobs within the
Community," as stated redevelopment goals; and
WHEREAS, on April 8, 2011, the CRA issued an RFP for the development of CRA owned land
located at 1201 N.W. 3rd Avenue, and 229-247 N.W. 12th Street; and
WHEREAS, four (4) responses to the RFP were received by the Clerk of the Board on May
11,2011;and
WHEREAS, the proposal submitted by Carlisle Development Group, LLC and Palmetto
Homes of Miami Inc., consisted of affordable rental units, replacement of existing parking spaces, and
commercial/retail space; and
WHEREAS, a selection committee was formed to evaluate the responses and recommended
negotiation with Carlisle Development Group, LLC and Palmetto Homes of Miami Inc.; and
WHEREAS, the CRA Board, by Resolution No. CRA-R-11-0038, passed and adopted on July
City of Miami Page 1 of 2 File Id: 12-00591 (Version: 1) Printed On: 8/13/2024
File Number: 12-00591 Enactment Number: CRA-R-12-0039
25, 2011, authorized the Executive Director to negotiate a development agreement with Carlisle
Development Group, LLC and Palmetto Homes of Miami Inc.; and
WHEREAS, Island Living Apartments, Ltd. is an affiliate of Carlisle Development Group, LLC
and Palmetto Homes of Miami, Inc.; and
WHEREAS, the Board of Commissioners wishes to authorize the Executive Director to
execute the development agreement, in substantially the attached form, with Island Living
Apartments, Ltd. for the development of an affordable housing project consisting of not less than 70
residential units and 5,000 square feet of commercial space to be located 1201 N.W. 3RD Avenue,
and 229-247 N.W. 12TH Street, Miami, Florida (the "Project"), and the making of a grant in an
amount not to exceed Nine Million Dollars pursuant to the terms of the Development Agreement;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY:
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 authorized to execute a development agreement
with Island Living Apartments, Ltd., in substantially the attached form which includes making a grant
in an amount not to exceed $9,000,000.00 subject to the availability of funds as provided in the
Development Agreement for the development of the Project.
Section 3. The Executive Director is authorized to execute and amend all documents
necessary for said purpose, in a form acceptable to Special Counsel.
Section 4. This resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 12-00591 (Version: 1) Printed On: 8/13/2024