HomeMy WebLinkAboutCRA-R-13-0053City of Miami
Legislation
CRA Resolution: CRA-R-13-0053
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 13-00986 Final Action Date: 9/12/2013
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA")
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE AN AMENDMENT, IN
SUBSTANTIALLY THE ATTACHED FORM, WITH LYRIC DEVELOPMENT, LLC, IN
CONNECTION WITH THE DEVELOPMENT OF BLOCKS 25 AND 36; APPROVING
THE PROPOSED VARIANCES TO THE SETTLEMENT AGREEMENT BETWEEN
MIAMI-DADE COUNTY, THE CITY OF MIAMI AND THE CRA; FURTHER
AUTHORIZING THE EXECUTIVE DIRECTOR TO TRANSMIT THE PROPOSED
VARIANCES TO MIAMI-DADE COUNTY FOR CONSIDERATION.
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 2009 Southeast Overtown/Park West
Redevelopment Plan ("Plan"); and
WHEREAS, Section 2, Goal 3/Principles 2 and 3, at pages 12 and 14, of the Plan lists
creating infill housing, and developing a variety of housing options as stated redevelopment goals;
and
WHEREAS, Section 2, Goal 3/Principle 4, at pages 12 and 14, of the Plan also lists the
creation of jobs within the community as a stated redevelopment goal; and
WHEREAS, on June 25, 2012, the CRA's Board of Commissioners, by Resolution No.
CRA-R-12-0043, authorized the Executive Director to execute a development agreement with Lyric
Development LLC (the "Developer"), an affiliate of Gatehouse Development Corporation, for the
development of mixed -use development on portions of Blocks 25 and 36 (the "Project"); and
WHEREAS, on December 17, 2012, the CRA and the Developer executed a Development
Agreement for the Project; and
WHEREAS, the Developer wishes to modify and amend certain terms and provisions of the
Development Agreement to provide for, among other things, variances to certain development
requirements for Block 36, as well as additional funding in the event the CRA's Bond Issue is
approved; and
WHEREAS, in accordance with the Settlement Agreement between the City of Miami,
Miami -Dade County, and the CRA, dated May 9, 2013, Miami -Dade County must approve any
variances to the development requirements for Block 36; and
WHEREAS, the Board of Commissioners wishes to authorize the Executive Director to
execute an Amendment to the Development Agreement, in substantially the attached form, with the
City of Miami Page 1 of 2 File Id: 13-00986 (Version: 1) Printed On: 10/24/2022
File Number: 13-00986 Enactment Number: CRA-R-13-0053
Developer in connection with the Project; and
WHEREAS, the Board of Commissioners also wishes to expressly approve the proposed
variances, as reflected in Exhibit "A" of the Amendment attached hereto;
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 execute an Amendment, in substantially
the attached form, with Lyric Development, LLC in connection with the development of Blocks 25 and
36.
Section 3. The proposed variances set forth in Exhibit "A" of the Amendment are expressly
approved.
Section 4. The Executive Director is directed to transmit the proposed variances to
Miami -Dade County for consideration.
Section 5. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 13-00986 (Version: 1) Printed On: 10/24/2022