HomeMy WebLinkAboutCRA-R-14-0006 Cover MemoSEOPW Board of Commissioners Meeting
January 27, 2014
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon
and Members of the CRA Board
Date: January 17, 2014 File: 14-00037
Subject: Resolution Authorizing Development
Agreement with All Aboard for
Block 56.
From: Clarence E. Woods, III Alt) References:
Executive Director
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") authorizes the Executive Director to execute a development agreement, in
substantially the attached form, with All Aboard Florida NW Sixth Street, LLC ("Developer") for the development
of Block 56.
On May 9, 2013, the City of Miami, 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"). Pursuant to the Settlement Agreement, the CRA issued Request for Proposals No. 13-002 for the
development of Blocks 45 and 56. Three (3) proposals were received and considered by a selection committee.
On September 12, 2013, the Board of Commissioners, by Resolution No. CRA-R-13-0054, approved the
Developer for the development of Block 56, and directed the Executive Director to attempt to negotiate a
development agreement with the Developer, provided the Developer was approved by the County. Thereafter,
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 56.
Pursuant to Section 8 of the Settlement Agreement, and Section 5 of the Declaration of Restrictions, recorded
May 15, 2013, by and between the County, and the CRA, the CRA is required to enter into a development
agreement with the Developer within 90 days from the date the Developer was approved by the Board of County
Commissioners. In turn, the CRA must approve the development agreement by January 29, 2013, or potentially
risk Block 56 reverting back to the County.
For your convenience, enclosed please find an Executive Summary reflecting material terms and conditions of
the proposed development agreement.
JUSTIFICATION:
Section 2, Goal 3/Principles 2 and 3, at pages 12 and 14, of the 2009 Southeast Overtown/Park West
Community Redevelopment Plan lists creating infill housing, and developing a variety of housing options as
stated redevelopment goals. 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.
FUNDING:
This Resolution does not commit funding.