HomeMy WebLinkAboutCRA-R-12-0045City of Miami
Legislation
CRA Resolution: CRA-R-12-0045
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-00684 Final Action Date: 6/25/2012
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, WITH
ATTACHMENT(S), AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE
AN AMENDMENT TO THE FIRST AMENDMENT TO GRANT AGREEMENT BY AND
BETWEEN THE SEOPW CRA AND THE CITY OF MIAMI, GIBSON PARK, DATED,
OCTOBER 31, 2011, TO INCLUDE THE ATTACHED AMORTIZATION SCHEDULE,
AND TO PLEDGE TAX INCREMENT FUNDS ("TIF")TO SECURE THE GRANT
AMOUNT, SAID TIF OBLIGATION TO BE PARI PASSU WITH THE BOND
REFERENCED IN RESOLUTION CRA-R-12-0028; AUTHORIZING THE EXECUTIVE
DIRECTOR TO EXECUTE AND AMEND ALL DOCUMENTS NECESSARY FOR SAID
PURPOSE, IN A FORM ACCEPTABLE TO GENERAL 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 IV.D, at page 31, of the Plan provides that "the provision of adequate
community facilities and services is essential in order to complement redevelopment activities
proposed for Overtown ...;" and
WHEREAS, Section 163.370(2)(c)(3), Florida Statutes, provides that the CRA may construct
parks, playgrounds, public areas...and other improvements necessary for carrying out in the
community redevelopment area the community redevelopment objectives in accordance with the
community redevelopment plan; and
WHEREAS, pursuant to Florida Statute Chapter 163.370(2)(a), the CRA may execute any
contracts or other instruments necessary or convenient to exercise its powers. Herein an Amendment
to the First Amendment to Grant Agreement by and between the SEOPW CRA and the City of Miami,
Gibson Park, dated, October 31, 2011; and
WHEREAS, the City of Miami's Department of Capital Improvements Program ("CIP") is
currently engaged in the renovation of Gibson Park; and
WHEREAS, the Board of Commissioners, by Motion on File No. 10-00327, passed and
adopted on March 15, 2010, authorized the a grant in an amount not to exceed $8,000,000 plus
interest, to the City of Miami for the renovation of Gibson Park; and
WHEREAS, the CRA and the City of Miami did enter into a First Amendment to Grant
Agreement by and between the SEOPW CRA and the City of Miami, Gibson Park, dated, October 31,
2011 based on the resolution referenced above; and
WHEREAS, the CRA and the City of Miami desire to amend said Agreement to include the
City of Miami Page 1 of 2 File Id: 12-00684 (Version: 1) Printed On: 11/3/2022
File Number: 12-00684 Enactment Number: CRA-R-12-0045
new amortization schedule, attached and incorporated herein, "Amortization Schedule," and to pledge
Tax Increment Funds ("TIF") to secure the grant amount, said TIF obligation to be pari passu with the
Bond referenced in Resolution CRA-R-12-0028; and
WHEREAS, the Board of Commissioners wishes to authorize the Executive Director to
negotiate an amendment to said Agreement to include the attached Amortization Schedule, and to
pledge TIF to secure the grant amount, said TIF obligation to be pari passu with the Bond referenced
in Resolution CRA-R-12-0028;
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 negotiate an amendment to the First
Amendment to Grant Agreement by and between the SEOPW CRA and the City of Miami, Gibson
Park, dated, October 31, 2011, to include the attached Amortization Schedule, and to pledge TIF to
secure the grant amount, said TIF obligation to be pari passu with the Bond referenced in Resolution
CRA-R-12-0028.
Section 3. The Executive Director is authorized to execute and amend all documents
necessary for said purpose, in a form acceptable to General Counsel.
Section 4. This resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 12-00684 (Version: 1) Printed On: 11/3/2022