HomeMy WebLinkAboutCRA-R-14-0055 LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 14-00742 Final Action Date:
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
AN AMENDMENT TO THE DEVELOPMENT AGREEMENT DATED AS OF
OCTOBER 11, 2012 (THE "AMENDMENT"), SUBSTANTIALLY THE ATTACHED
FORM, WITH ISLAND LIVING APARTMENTS, LTD (THE "DEVELOPER").
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 October 11, 2012, the CRA and Island Living Apartments, Ltd. (the
"Developer"), entered into that certain Development Agreement (the "Development Agreement"); and
WHEREAS, in accordance with the provisions of Section 18 of the Development Agreement
the Developer has requested the CRA approve the change of control of Developer from CDG Island
Living, LLC, a Florida limited liability company ("CDG") to APC Island Living, LLC, a Florida limited
liability company ("APC"); and
WHEREAS, the Board of Commissioners wishes to authorize the Executive Director to execute
an Amendment to the Development Agreement dated as of October 11, 2012, substantially in the
attached form with Developer.
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 Board of Commissioners hereby authorizes the Executive Director to
execute an Amendment to the Development Agreement dated as of October 11, 2012, substantially in
the attached form, with Developer.
Section 3. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 1 of 2 File Id: 14-00742 (Version: 11 Printed On: 712812014
File Number: 14-00742
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
WILLIAM R. BLOOM, ESQ.
CRA SPECIAL COUNSEL
City of Miami Page 2 of 2 File Id: 14-00742 (Version: 1) Printer! On: 7/28/2014