HomeMy WebLinkAboutCRA-R-12-0054City of Miami
Legislation
CRA Resolution: CRA-R-12-0054
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-00821 Final Action Date: 7/30/2012
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, WITH
ATTACHMENT(S), AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE A
DEVELOPMENT AGREEMENT, IN SUBSTANTIALLY THE FORM ATTACHED, WITH
AMC HTG 1, LTD, A FLORIDA LIMITED PARTNERSHIP, FOR THE DEVELOPMENT
OF AN AFFORDABLE HOUSING DEVELOPMENT, ON THE PROPERTY
ADJACENT TO THE CULMER NEIGHBORHOOD SERVICE CENTER AT 1600 NW
3RD AVENUE MIAMI, FLORIDA, WHICH PROPERTY IS CURRENTLY OWNED BY
MIAMI-DADE COUNTY, FLORIDA AND IS LEASED TO A PRIVATE DEVELOPER,
CONSISTING OF NOT LESS THAN 75 AFFORDABLE RENTAL UNITS, WHICH
DEVELOPMENT AGREEMENT INCLUDES THE MAKING OF A GRANT IN AN
AMOUNT NOT TO EXCEED $7,500,000.00 FOR THE RESIDENTIAL PORTION OF
THE DEVELOPMENT; 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.
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 2, 2012, the CRA issued a Request for Information No. 12-04 ("RFI"); and
WHEREAS, AMC HTG 1, LTD submitted their proposed project and was selected based on the
fact that their project is listed in the Global Agreement; and
WHEREAS, the proposal submitted by AMC HTG 1, LTD, consisted of affordable rental units;
and
WHEREAS, the Board of Commissioners wishes to authorize the Executive Director to enter into
the Development Agreement, in substantially the attached form (the "Development Agreement"), with
AMC HTG 1, LTD, a Florida limited partnership, for the development of an affordable housing
City of Miami Page 1 of 2 File Id: 12-00821 (Version: 1) Printed On: 11/1/2022
File Number: 12-00821 Enactment Number: CRA-R-12-0054
development, on the property adjacent to the Culmer Neighborhood Service Center at 1600 NW 3rd
Avenue Miami, Florida, which property is currently owned by Miami -Dade County, Florida and is
leased to a private developer, consisting of not less than 75 affordable rental units, which
Development Agreement includes the making of a grant in an amount not to exceed $7,500,000.00
for the residential portion of the development; 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.
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 the Development
Agreement, in substantially the attached form, with AMC HTG 1, LTD, a Florida limited liability
corporation, for the development of an affordable housing development, on the property adjacent to
the Culmer Neighborhood Service Center at 1600 NW 3rd Avenue Miami, Florida, which property is
currently owned by Miami -Dade County, Florida and is leased to a private developer, consisting of not
less than 75 affordable rental units, which Development Agreement includes the making of a grant in
an amount not to exceed $7,500,000.00 for the residential portion of the development.
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 is subject to availability of funds.
Section 5. This resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 12-00821 (Version: 1) Printed On: 11/1/2022