HomeMy WebLinkAboutCRA-R-14-0025 Signed LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
Tile Number: 14-00166 Final Action Mae:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING THE EXPENDITURE OF FUNDS, IN AN AMOUNT NOT TO EXCEED
$63,000, WITH JUDD K. ROTH REAL ESTATE DEVELOPMENT, INC. ASSISTANCE
WITH GRANT APPLICATIONS MADE TO THE AFFORDABLE HOUSING
PROGRAMS OF THE FEDERAL HOME LOAN BANK OF NEW YORK AND THE
FEDERAL HOME LOAN BANK OF ATLANTA IN CONNECTION WITH THE
RENOVATION AND REHABILITATION OF TOWN PARK PLAZA NORTH
CONDOMINIUMS, 475 NW 19TH STREET, MIAMI, FLORIDA; FURTHER
AUTHORIZING TI-IE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS
NECESSARY FOR SAID PURPOSE; ALLOCATING FUNDS FROM SEOPW TAX
INCREMENT FUND ENTITLED, "PROFESSIONAL SERVICES," ACCOUNT CODE
NO. 10050.920101.531000.0000.00000.
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 OvertownlPark West Redevelopment Plan (the "Plan");
and
WHEREAS, Section 163.356, Florida Statutes, permits a community redevelopment agency to
engage technical experts and other agents as it requires; and
WHEREAS, Town Park Plaza North, a residential housing complex, was built in 1973, and
consists of 20 buildings and 169 condominium units ("Town Park Plaza North"); and
WHEREAS, the condition of Town Park Plaza North poses significant risk of health and safety
to its occupants, and in turn, extensive rehabilitation is needed, as evidenced by structural cracks,
unsecured railings, deteriorating plumbing, rotting wood, and outdated electrical wiring; and
WHEREAS, in an effort to assist the CRA with leveraging its funding support of Town Park
Plaza North, the CRA sought to apply for grant funding from the Affordable housing Programs of the
Federal Home Loan Bank of New York and the Federal Home Loan Bank of Atlanta; and
WHEREAS, Judd K. Roth Real Estate Development specializes in assisting clients with funding
applications for a variety of federal affordable housing funding programs, such as HOPE VI, Low
Income Housing Tax Credits, and Federal Horne Loan Bank Affordable Housing Programs; and
WHEREAS, the Board of Commissioners wishes to authorize an expenditure of funds in an
amount not to exceed $63,000, to Judd K. Roth Real Estate Development for assistance with grant
applications made to the Affordable Housing Programs of the Federal Home Loan Bank of New York
and the Federal Home Loan Bank of Atlanta in connection with the renovation and rehabilitation of
Town Park Plaza North;
City of ildianti
Page 1 of'2 File Id: 14-00266 (Version: ll Printed Ow 3/18/2014
File Number: 14.00266
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 expenditure of funds in an amount not to exceed $63,000, Judd K. Roth
Real Estate Development for assistance with grant applications made to the Affordable Housing
Programs of the Federal Home Loan Bank of New York and the Federal Home Loan Bank of Atlanta in
connection with the renovation and rehabilitation of Town Park Plaza North Condominiums, 475 NW
19th Street, Miami, Florida, is authorized.
Section 3. The Executive Director is authorized to disburse funds 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
"Professional Services," Account Code No. 10050.920101.531000.0000.00000.
Section 6. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TSB FORM AND LEGAL SUFFICIENCY:
JESS'GA N. PACH C'O, ESQ.
SPECIAL COUNSEL
CV O'Marnf Page 2 of2 Fife Id: 14-0(1266 (Version: 1) Printed On: 3/18/2014