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HomeMy WebLinkAboutCRA-R-13-0054 Cover MemoSEOPW Board of Commissioners Meeting September 12, 2013 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Michelle Spence -Jones Date: September 5, 2013 File: 13-00988 and Members of the CRA Board From: Clarence E. Woods, III Executive Director Subject: Selection of Developer for Blocks 45 and 56 References: Enclosures: Supporting Documentation; Legislation BACKGROUND: The Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is being presented with the attached Resolution which provides for the following: (1) acceptance of the recommendation of the committee formed to review the proposals received for the development of Blocks 45 and 56; (2) approval of Overtown Gateway Partners, LLC ("Overtown Gateway") as the developer for Blocks 45 and 56, and approval of variances proposed by Overtown Gateway; (3) direction to the Executive Director to attempt to negotiate a development agreement with Overtown Gateway; (4) approval of All Aboard Florida - Station, LLC ("All Aboard") as the developer in the event Miami -Dade County does not approve Overtown Gateway as the developer for Blocks 45 and 56 and approval of variances proposed by All Aboard; and (5) direction to the Executive Director to attempt to negotiate a development agreement with All Aboard in the event Overtown Gateway is not approved by Miami -Dade County. Pursuant to the terms of the Settlement Agreement between Miami -Dade County, City of Miami and the CRA, dated May 9, 2013, the CRA was required to conduct a solicitation for the selection of a Developer for the development of Blocks 45 and 56 within 120 days from the date of the recording of the "Dismissal, the City Deed, the Declaration [of Restrictions], the Block 36 Declaration, and the County deed," and approve a Developer and any proposed variance within 90 days thereafter. Recordation of these instruments occurred on May 15, 2013. The CRA complied with said requirement when it issued Request for Proposals No. 13-002 ("RFP") for the development of Blocks 45 and 56 on June 17, 2013. The RFP was issued with the intent of receiving proposals that would further the CRA's redevelopment goals and objectives, and be in the best interest of the public. The key terms and preferences of the RFP were the following: • Mixed -use projects with mixed -income residential units. • Acknowledge the culturally historic neighborhood. • Compliance with the terms and provisions of the Declaration of Restrictions recorded on May 15, 2013 between Miami -Dade County and the CRA as part of the Settlement Agreement. • Accommodate the parking needs of the International Longshoremen's Union and the Lyric Theater. • Requirement that twenty percent (20%) of the subcontractors have their principal place of business in Miami -Dade County with priority given to Redevelopment Area. • Requirement that the general contractor and all subcontractors hire forty percent (40%) of the unskilled labor for the project from Miami -Dade County with priority given to Redevelopment Area. On July 22, 2013, three (3) proposals were received by the Clerk of the Board, and forwarded to the CRA for consideration. Proposals were received from All Aboard Florida - Stations, LLC, Overtown Gateway Partners, LLC and Stone Soup Development, Inc. A committee consisting of Mr. Greg Gay (City Planner, City of Miami), Mr. Brian Zeltsman (Director of Architecture and Development, CRA), and Ms. Patricia Braynon, (Director, Housing Finance Authority of Miami -Dade County) was formed to evaluate and rank the proposals based upon the evaluation criteria set forth in Addendum No. 1 to the RFP. The Review Committee ranked the proposers in the following order: 1. Overtown Gateway — 259 points 2. All Aboard Florida — 252 points 3. Stone Soup Development —194 points The Executive Director reviewed the Committee's rankings and determined that it was in the best interests of the public and in furtherance of the CRA's goals and objectives to negotiate with the top two ranked proposers, Overtown Gateway Partners, LLC and All Aboard Florida Stations, LLC to address and clarify representations made in the respective proposals, and to negotiate the most favorable terms with both proposers and submit the results thereof to the Board of Commissioners for consideration, along with any the proposed variances for consideration. To assist the Board of Commissioners in its consideration, attached please find explanatory matrices for each of the two proposers reflecting the specific terms negotiated. Pursuant to the terms of the Settlement Agreement, the CRA is required to select a Developer or reject all proposals, as well as consider any proposed variances on or before September 16, 2013. The CRA risks having Blocks 45 and 56 revert back to Miami -Dade County should no action be taken by September 16, 2013. The Property has been appraised at $20,000,000.00 so compliance with the approval deadline is vital to insure the CRA maintains control over the development of Blocks 45 and 56. JUSTIFICATION: The 2009 Southeast Overtown/Park West Community Redevelopment Plan, at pages 12 and 14, lists the creation of infill housing, and the development of a variety of housing options as stated redevelopment goals and principles. The Plan also includes the creation of jobs within the community as a stated redevelopment goal.