HomeMy WebLinkAboutCRA-R-14-0031 Cover MemoSEOPW Board of Commissioners Meeting
February 24, 2014
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon
and Members of the CRA Board
Date: February 14, 2014 File: 14-00141
Subject: Resolution Authorizing Negotiation of
Development Agreement for Block 55.
From: Clarence E. Woods, Ill (%w References:
Executive Director
Enclosures: Supporting Documentation; Resolution
BACKGROUND:
The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") directs the Executive Director to attempt to negotiate a development
agreement with Overtown Gateway Partners, LLC ("Overtown Gateway"), as the highest ranked proposer for the
development of Block 55. In the event a development agreement is unable to be negotiated with Overtown
Gateway, the Resolution authorizes the Executive Director to attempt to negotiate a development agreement
with BDB Miami, LLC as the second highest ranked proposer for the development of Block 55.
On June 18, 2013, the CRA issued Request for Proposals No. 13-003 ("RFP") for the development of the Block
55. On July 23, 2013, three (3) proposals were received by the Clerk of the Board, and forwarded to the CRA
for consideration. A committee consisting of Mr. Greg Gay (City Planner, City of Miami), Mr. Brian Zeltsman
(Director of Architecture and Development, CRA), and Ms. Patricia Braynon, (Director, Housing Finance
Authority of Miami -Dade County) was formed to evaluate the responses and make a recommendation to the
Board of Commissioners. The committee ranked the three (3) proposals in the following order: (1) Overtown
Gateway Partners, LLC; (2) BDB Miami, LLC; and (3) Stone Soup Development, LLC,
This Resolution require a proposed development agreement to be presented to the Board of Commissioners for
consideration, and if satisfactory, approval and award. This Resolution is not intended to be an award of
development rights or to otherwise create any rights whatsoever in the proposers referenced therein.
JUSTIFICATION:
Section 2, Goal 3/Principles 2 and 3, at pages 12 and 14, of the 2009 Southeast Overtown/Park West 14, of the
Plan also lists the creation Community Redevelopment Plan ("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 of
jobs within the community as a stated redevelopment goal.
FUNDING:
This Resolution does not commit funding.