HomeMy WebLinkAboutCRA-R-13-0056 Cover MemoSEOPW Board of Commissioners Meeting
September 30, 2013
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones
and Members of the CRA Board
From!" Clarence E. Woods, Ill References:
Executive Director
Date: September 20, 2013 File: 13-01009
Subject: Resolution Authorizing Execution of Purchase
and Sale Agreement of Grand Promenade.
Enclosures: Legislation
BACKGROUND:
The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") accepts both proposals received for the purchase of the Grand Promenade
(Folio Nos. 01-0101-070-1011 and 01-0101-090-1030) in response to Request for Proposals No. 13-005
("RFP"). This Resolution also authorizes the Executive Director to enter into purchase and sale agreements
with each proposer based upon the terms and conditions set forth in the RFP.
The CRA currently owns the Grand Promenade (Folio Nos. 01-0101-070-1011 and 01-0101-090-1030). The
Board of Commissioners, by Resolution No. CRA-R-13-0047, passed and adopted on July 25, 2013, authorized
the issuance of a request for proposals for the sale of the Grand Promenade. Soon thereafter, on July 29, 2013,
the CRA issued the RFP for the sale of the Grand Promenade. Said RFP set the minimum purchase price at
$130 per square foot.
On August 29, 2013, the CRA received two (2) proposals in response to the RFP, each seeking a different
portion of the Grand Promenade. Specifically, one proposal seeks to acquire the entire alley way located on
Block 19, comprising of 19,118 SF, and the eastern half of the alley way located on Block 18, comprising of
9,909 SF. The second proposal seeks to the property on Block, consisting of 41,096 SF, as well as the western
half of the property located on Block 18, consisting of 9,909 SF. Both proposers have offered the CRA full
minimum purchase price for the respective portion of the Grand Promenade sought.
JUSTIFICATION:
Section 163.380(3)(a), Florida Statutes, requires that prior to disposition of any real property or interest therein
in a community redevelopment area, ... a community redevelopment agency shall give public notice of such
disposition, ... at least 30 days prior to the execution of any contract to sell, lease, or otherwise transfer real
property...." Additionally, Section 11, subsection 1, at page 94 of the 2009 Southeast Overtown/Park West
Community Redevelopment Plan provides for the CRA to identify public/private development opportunities that
utilize land owned by the CRA in furtherance of promotion and enhancement of Redevelopment Area.
FUNDING:
This Resolution does not commit funding.