HomeMy WebLinkAboutCRA-R-14-0043City of Miami
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CRA Resolution: CRA-R-14-0043
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 14-00593 Final Action Date: 6/30/2014
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA")
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE A SECOND
AMENDMENT, IN SUBSTANTIALLY THE ATTACHED FORM, WITH LYRIC
DEVELOPMENT, LLC, IN CONNECTION WITH THE DEVELOPMENT OF BLOCKS
25 AND 36.
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 its approved 2009 Southeast Overtown/Park West
Redevelopment Plan ("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 lists the
creation of jobs within the community as a stated redevelopment goal; and
WHEREAS, on June 25, 2012, the CRA's Board of Commissioners, by Resolution No.
CRA-R-12-0043, authorized the Executive Director to execute a development agreement with Lyric
Development LLC (the "Developer"), an affiliate of Gatehouse Development Corporation, for the
development of mixed -use development on portions of Blocks 25 and 36 (the "Project"); and
WHEREAS, on December 17, 2012, the CRA and the Developer executed a Development
Agreement for the Project; and
WHEREAS, on September 12, 2013, the Board of Commissioners, by Resolution No.
CRA-R-13-0053, authorized the Executive Director to execute an amendment to the Development
Agreement in connection with the Project; and
WHEREAS, the Developer and the CRA wish to modify and amend certain terms and
provisions of the Development Agreement; and
WHEREAS, the Board of Commissioners wishes to authorize the Executive Director to
execute a Second Amendment to the Development Agreement, in substantially the attached form,
with the Developer in connection with the Project; and
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:
City of Miami Page 1 of 2 File Id: 14-00593 (Version: 2) Printed On: 10/17/2022
File Number: 14-00593 Enactment Number: CRA-R-14-0043
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 Executive Director is authorized to execute a Second Amendment, in
substantially the attached form, with Lyric Development, LLC in connection with the development of
Blocks 25 and 36.
Section 3. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 14-00593 (Version: 2) Printed On: 10/17/2022