HomeMy WebLinkAboutCRA-R-12-0043 Master ReportCity of Miami
Master Report
Enactment Number: CRA-R-12-0043
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-00595
File Type: CRA Resolution Status: Passed
Version: 1 Reference:
Controlling Body: SEOPW Community
Redevelopment
Agency
File Name: Gatehouse Development Agreement Introduced: 5/15/2012
Requester: Cost:
Final Action: 6/25/2012
Title: 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 FORM ATTACHED, WITH LYRIC
VILLAGE LLC, A FLORIDA LIMITED LIABILITY COMPANY, AN AFFILIATE OF GATEHOUSE
DEVELOPMENT CORPORATION FOR THE DEVELOPMENT OF MIXED -USE DEVELOPMENT
ON PORTIONS OF BLOCKS 25 AND 36, CONSISTING OF BETWEEN 90 AND 100
AFFORDABLE RENTAL UNITS WITH GROUND FLOOR COMMERCIAL SPACE ALONG NW
2ND AVENUE ("PHASE I"), APPROXIMATELY 80 TO 120 RESIDENTIAL UNITS ON A PORTION
OF BLOCK 25 ("PHASE II"), A PUBLIC PARKING GARAGE CONTAINING APPROXIMATELY
300 PARKING SPACES ON A PORTION OF BLOCK 36 ("PARKING GARAGE") AND
APPROXIMATELY 25,000 TO 37,000 SQUARE FEET OF COMMERCIAL SPACE TO BE
LOCATED ON A PORTION OF BLOCK 36 ("PHASE IV"), WHICH DEVELOPMENT AGREEMENT
INCLUDES THE MAKING OF A GRANT IN AN AMOUNT NOT TO EXCEED $10,000,000.00
WITH RESPECT TO PHASE I AND A GRANT IN AN AMOUNT NOT TO EXCEED $3,000,000.00
WITH RESPECT TO THE PARKING GARAGE; 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 FORM
ACCEPTABLE TO THE SPECIAL COUNSEL.
Sponsors:
Notes:
Indexes:
Attachments: File #12-00595 Cover Memo.pdf,File #12-00595 Signed Legislation.pdf,File #12-00595
Attachment.pdf,File #12-00695 Supporting Documentation.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
1 SEOPW Community 6/25/2012 ADOPTED Pass
Redevelopment Agency
1 CRA General Counsel 6/28/2012 Reviewed and
Approved
City of Miami Page 1 Printed on 11/1/2022