HomeMy WebLinkAboutCRA-R-12-0049City of Miami
Legislation
CRA Resolution: CRA-R-12-0049
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-00819 Final Action Date: 7/30/2012
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY DIRECTING
THE EXECUTIVE DIRECTOR TO BUDGET $500,000, FOR AFFORDABLE AND
WORKFORCE HOUSING WITHIN THE REDEVELOPMENT AREA, WHEREIN
GRANTEE SHALL EXECUTE A RESTRICTIVE COVENANT LIMITING THE RENT
CHARGED ON THE PROPERTIES ; PROVIDING THAT GRANTS IN EXCESS OF
$4,500 SHALL BE PRESENTED TO THE BOARD FOR APPROVAL; AUTHORIZING
THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR
SAID PURPOSE; ALLOCATING FUNDS FROM SEOPW TAX INCREMENT FUND,
"OTHER GRANTS AND AIDS," ACCOUNT CODE NO.
10050.920101.883000.0000.00000.
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 ("Plan"); and
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Plan, goal 3,
Principals 2 and 3, at page 14, state that neighborhoods should retain access to affordable housing
and strive to provide a mix of housing types, including rental units...to accommodate existing and
future residents of the redevelopment area; and
WHEREAS, many residential properties within the redevelopment area are in need of
rehabilitation, including, but not limited to structural, electrical, mechanical, plumbing, roofing, glazing,
carpentry, framing, drywall, millwork, painting, and various other repairs, remodeling, and renovation;
and
WHEREAS, the Board of Commissioners wishes to direct the Executive Director to budget
$500,000, for affordable and workforce housing for properties within the Redevelopment Area,
wherein Grantee shall execute a restrictive covenant limiting the rent charged on the properties ,
providing that grants in excess of $4,500 shall be presented to the Board for approval;
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 hereby directed to budget $500,000, for affordable and
workforce housing within the Redevelopment Area.
Section 3. Grantee shall, joint with the grant, execute a restrictive covenant limiting the rent
City of Miami Page 1 of 2 File Id: 12-00819 (Version: 1) Printed On: 11/1/2022
File Number: 12-00819 Enactment Nimmber: CRA-R-12-0049
charged on the properties.
Section 4. Grants in excess of $4,500 shall be presented to the Board for approval.
Section 5. The Executive Director is authorized to execute all documents necessary for said
purpose.
Section 6. Funds are to be allocated from SEOPW Tax Increment Fund, "Other Grants and
Aids," Account No. 10050.920101.883000.0000.00000.
Section 7. This resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 12-00819 (Version: 1) Printed On: 11/1/2022