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HomeMy WebLinkAboutCRA-R-12-0063 09-24-2012 Cover MemoSEOPW Board of Commissioners Meeting September 24, 2012 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Michelle Spence -Jones Date: September 14, 2012 File: 12-01069 and Members of the CRA Board From: Clarence E. Woods,III Executive Director Subject: Resolution Recommending Approval of SEOPW DRI Increment III Development Order and Proposed Amendments to Code of City of Miami and Transmitting Same to City of Miami Manager for Approval. References: Enclosures: Supporting Documentation; Legislation BACKGROUND: It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") approve and adopt the attached Resolution recommending approval of the Southeast Overtown/Park West Development of Regional Impact ("SEOPW DRI") Increment III Development Order; recommending approval of the proposed amendment to update the SEOPW DRI Master Development Order for consistency with the Increment III Development Order; recommending approval of the proposed amendments to update Chapter 13 and Chapter 14 of the Code of the City of Miami for consistency with the SEOPW DRI Increment III Development Order and SEOPW DRI Master Development Order; directing the Executive Director to request the City of Miami Manager to carry out therequired public hearings for approval of the SEOPW DRI Increment III Development Order, approval of the proposed amendment to update the SEOPW DRI Master Development Order, approval of the proposed amendments to update Chapters 13 and 14 of the Code of the City of Miami, and to transmit such approvals to the South Florida Regional Planning Council. Implementation of Increment III of the SEOPW DRI is necessary to accommodate the new developments contemplated for the Redevelopment Area, including those projects to be funded with proceeds from the CRA's proposed bond issuance. The credits available through the Increment II allocation are not sufficient to accommodate the new projects planned for the Redevelopment Area. The SEOPW DRI Increment III Development Order and recommended amendments to the Code of the City of Miami have been prepared with input from the City of Miami's Planning Department and Law Department (collectively, the "City"). With the exception of the language proposed for conditions 10, 11 and 12 of the SEOPW DRI Master Development Order, the City is supportive of this resolution. A memorandum outlining the CRA staff's position on conditions 10, 11 and 12 of the SEOPW DRI Master Development Order is included as supporting documentation. The review and approval process requires that the SEOPW DRI Increment III Development Order and related Code amendments be considered by the City's Planning Zoning Appeals Board, and by the City Commission at public hearings. The South Florida Regional Planning Council will review the Development Order within 45 days following the City Commission's approval of the Development Order FUNDING: N/A