HomeMy WebLinkAboutCRA-R-14-0005City of Miami
Legislation
CRA Resolution: CRA-R-14-0005
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 14-00036 Final Action Date:1/27/2014
A RESOLUTION, WITH ATTACHMENT(S), OF THE BOARD OF COMMISSIONERS
OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY (THE "CRA") AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE
A DEVELOPMENT AGREEMENT, WITH OVERTOWN GATEWAY PARTNERS, LLC
(THE "DEVELOPER") FOR THE DEVELOPMENT OF BLOCK 45 (THE
"DEVELOPMENT AGREEMENT") IN SUBSTANTIALLY THE ATTACHED FORM;
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ANY AND ALL
DOCUMENTS REQUIRED TO IMPLEMENT THE DEVELOPMENT AGREEMENT IN
FORM AND CONTENT ACCEPTABLE TO THE EXECUTIVE DIRECTOR; AND
ALLOCATING $3,000,000.00 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 3/Principle 4, at pages 12 and 14, of the Plan also includes the
creation of jobs within the community as a stated redevelopment goal; and
WHEREAS, on May 9, 2013, the City of Miami (the "City"), Miami -Dade County ("County") and
the CRA entered into a settlement agreement related to litigation involving the County's reversion
interest in Blocks 36, 45, and 56 ("Settlement Agreement"); and
WHEREAS, pursuant to the Settlement Agreement, the CRA issued Request for Proposals
No. 13-002 for the development of Blocks 45 and 56; and
WHEREAS, on September 12, 2013, the Board of Commissioners, by Resolution No.
CRA-R-13-0054, approved the Overtown Gateway Partners, LLC (the "Developer") for the
development of Block 45, NORTH, CITY OF MIAMI, PB "B" at Page 41 ("Block 45"), and directed the
Executive Director to attempt to negotiate a development agreement with the Developer, provided the
Developer was approved by the County; and
WHEREAS, the Board of County Commissioners, by Resolution No. R-860-13, approved the
Developer, and certain variances requested by the Developer and the CRA regarding the
development of Block 45; and
City of Miami Page 1 of 2 File Id: 14-00036 (Version: 1) Printed On: 10/19/2022
File Number: 14-00036 Enactment Number: CRA-R-14-0005
WHEREAS, the Board of Commissioners wishes to authorize the Executive Director to
execute a development agreement with Developer for the development of Block 45 in substantially
the attached form (the "Development Agreement"); and
WHEREAS, the Board of Commissioners wishes to authorize the Executive Director to
execute any and all documents required to implement the Development Agreement in form and
content acceptable to the Executive Director; 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:
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 Executive Director to
execute a development agreement with Overtown Gateway Partners, LLC for the development of
Block 45, in substantially the attached form (the "Development Agreement").
Section 3. The Board of Commissioners hereby authorizes the Executive Director to
execute any and all documents required to implement the Development Agreement in form and
content acceptable to the Executive Director.
Section 4. The $3,000,000.00 grant to be made to Overtown Gateway Partners, LLC
pursuant to the Development Agreement is to be allocated from SEOPW Tax Increment Fund "Other
Grants and Aids" Account Code No. 10050.920101.883000.0000.00000.
Section 5. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 14-00036 (Version: 1) Printed On: 10/19/2022