HomeMy WebLinkAboutCRA-R-14-0004 LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.m€amigov.com
File Number: 19-00034
Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING ISSUANCE OF ADDITIONAL FUNDING, IN AN AMOUNT NOT TO
EXCEED $60,000, TO MTZ CARVER, LLC TO UNDERWRITE COSTS
ASSOCIATED WITH THE RENOVATION AND REHABILITATION OF THE BUILDING
AT 801 NW 3RD AVENUE, MIAMI, FLORIDA; AUTHORIZING THE EXECUTIVE
DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT
BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND
SATISFACTORY DOCUMENTATION; FURTHER AUTHORIZING THE EXECUTIVE
DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE;
FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO APPROVE BUDGET
MODIFICATIONS UNDER THE GRANT, PROVIDED THAT THE OVERALL AMOUNT
OF GRANT FUNDING APPROVED BY THE BOARD OF COMMISSIONERS IS NOT
INCREASED; ALLOCATING FUNDS FROM SEOPW TAX INCREMENT FUND
ENTITLED, "OTHER GRANTS AND AIDS," ACCOUNT CODE NO.
10050.920101.883000.0000.00000.
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 the 2009 Southeast Overtown/Park West Redevelopment
Plan (the "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 4/Principle 4, at pages 11 and 14, of the Plan lists the "creati[on of]
jobs within the community," and providing "variety in job options," as a stated redevelopment objective;
and
WHEREAS, Principle 1, at page 13, of the Plan provides that "neighborhood -serving
commercial uses, such as pharmacies, grocery stores, bank branches, dry cleaners, restaurants, day
care facilities, and entertainment establishments ... should be incorporated into the neighborhood
fabric to serve the population;" and
WHEREAS, Principle 6, at page 15, of the Plan provides that in order to "address and improve
the neighbor economy and expand economic opportunities of present and future residents and
businesses[,]... [it is necessary to] support and enhance existing businesses and ... attract new
businesses that provide needed services and economic opportunities... ;" and
WHEREAS, MTZ Carver, LLC ("MTZ") submitted a proposal for a grant to underwrite costs
associated with the redevelopment of the property at 801 NW 3rd Avenue, Miami, Florida (the "Carver
Project" or "Property") which consists of the rehabilitation of approximately 3,900 square feet of
commercial space, and ten (10) residential units; and
City of Miami Page 1 of 3 File Id: 14-00034 (Version: 1) Printed On: 1117/2014
File Number 14-00034
WHEREAS, MTZ has invested in excess of $191,000, and has secured additional funding in
the amount of $1.12 million to fund the rehabilitation of the ten (10) affordable apartment rental units at
the Property (the "Residential Project Phase"); and
WHEREAS, MTZ requested a grant from the CRAto underwrite the costs of demolition work,
structural and interior framing, installation of plumbing and HVAC systems, electrical rewiring,
cabinetry, asbestos abatement, and landscaping; associated with the complete rehabilitation of the
ground floor commercial units (the "Commercial Project Phase") and a portion of the Residential
Project Phase; and
WHEREAS, the Board of Commissioners, by Resolution No. CRA-R-11-0034, passed and
adopted on July 25, 2011, authorized the issuance of a grant, in an amount not to exceed of $670,000,
to MTZ to underwrite costs associated with the Commercial Project Phase and Residential Project
Phase; and
WHEREAS, the Carver Project is near completion; however, MTZ seeks additional funding, in
the amount of $60,000 to complete the Carver Project due to unforeseen construction cost overruns in
connection with, among other things, the structural conditions of the building; and
WHEREAS, the Board of Commissioners wishes to authorize the issuance of additional
funding, in an amount not to exceed $60,000, to MTZ to underwrite costs associated with the
completion of the Carver Project; and
WHEREAS, the Board of Commissioners finds that this Resolutions furthers the CRA's
redevelopment goals and objectives set forth in the Plan;
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 Board of Commissioners hereby authorizes the issuance of additional
funding, in an amount not to exceed $60,000, to MTZ Carver LLC to underwrite costs associated with
the redevelopment of the property at 801 NW 3rd Avenue, Miami, Florida.
Section 3. The Executive Director is authorized to disburse funds, at his discretion, on a
reimbursement basis or directly to vendors, upon presentation of invoices and satisfactory
documentation.
Section 4. The Executive Director is authorized to execute all documents necessary for
said purpose.
Section 5. Funds are to be allocated from SEOPW Tax Increment Fund, entitled "Other
Grants and Aids," Account Code No. 10050.920101.883000.0000.00000.
Section 6. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 3 File Id: 14-00034 (Version: 1) Printed On: 1/17/2014
File Number: 14-00034
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
JESSICA N. PACHECO, ESQ.
CRA SPECIAL COUNSEL
City of Miami Page 3 of 3 File Id: 14-00034 (Version: 1) Printed On: 1/17/2014