HomeMy WebLinkAboutCRA-R-12-0082City of Miami
Legislation
CRA Resolution: CRA-R-12-0082
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 12-01376 Final Action Date: 12/13/2012
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING FUNDING IN AN AMOUNT NOT TO EXCEED $500,000 FOR THE
PURCHASE OF LAND WITHIN THE REDEVELOPMENT AREA IN FURTHERANCE
OF THE STATED REDEVELOPMENT OBJECTIVES OF THE
SOUTHEAST/OVERTOWNPARK WEST REDEVELOPMENT PLAN, PROVIDED
THAT THE PURCHASE PRICE OF ANY PARCEL SHALL NOT EXCEED 10% OF
THE APPRAISED VALUE, AND SAID FUNDING SHALL ALSO INCLUDE COSTS
ASSOCIATED WITH APPRAISALS AND CLOSING COSTS; AUTHORIZING THE
EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID
PURPOSE IN A FORM ACCEPTABLE TO SPECIAL COUNSEL; FUNDS TO BE
ALLOCATED FROM SEOPW TAX INCREMENT FUND, "CONSTRUCTION IN
PROGRESS," ACCOUNT CODE NO. 10050.920101.661000.0000.00000.
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 2009 Southeast Overtown/Park West Community
Redevelopment Plan ("Plan"); and
WHEREAS, the Plan, at page 22, envisions the purchase of land by the CRA as a means of
furthering the stated redevelopment goals, principles and objectives, such as the promotion of
housing and commercial development throughout the Redevelopment Area; and
WHEREAS, the Board of Commissioners wishes to authorize the exercise of the renewal
option;
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF COMMISISONERS 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. Funding in an amount not to exceed $500,000 for the purchase of land within
the Redevelopment Area in furtherance of the stated redevelopment objectives of the Southeast
Overtown/Park West Redevelopment Plan is authorized, provided that the purchase price of any
parcel shall not exceed 10% of the appraised value, and said funding shall also include costs
associated with appraisals and closing costs.
Section 3. The Executive Director is authorized to execute all documents necessary for
said purpose, in a form acceptable to Special Counsel.
City of Miami Page 1 of 2 File Id: 12-01376 (Version: 1) Printed On: 10/28/2022
File Number: 12-01376 Enactment Number: CRA-R-12-0082
Section 4. Funds are to be allocated from SEOPW Tax Increment Fund, "Construction in
Progress," Account Code No. 10050.920101.661000.0000.00000.
Section 5. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 12-01376 (Version: 1) Printed On: 10/28/2022