HomeMy WebLinkAboutCRA-R-14-0059 Cover MemoSEOPW Board of Commissioners Meeting
September 30, 2014
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon
and Members of the CRA Board
From: Clarence E. Woods, Ill
Date: September 30, 2014 File: 14-00969
Subject: Resolution authorizing the Amendment to
Development Agreement with St. John Plaza
Apartments, LLC
References: St. John Plaza Development
Executive Director Agreement Amendment
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Board of Commissioners adopt the accompanying resolution approving the
amendment (the "Amendment") by and between St. John Plaza Apartments, LLC, a Florida limited liability
company (the "Developer") and the Southeast Overtown/Park West Community Redevelopment Agency (the
"CRA") to the development agreement dated as of January 18, 2013 (the "Development Agreement").
The primary purpose of the Amendment is to modify the Development Agreement to change the number of units
included in the Project, approve the change of control from Biscayne Housing Group, LLC, a Florida limited
liability company to CDP Affordable Housing, LLC, a Florida limited liability company and acknowledge that
Bond Issue Approval has been achieved.
RECOMMENDATION:
It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution, with Attachment(s), authorizing
the Executive Director to enter into the Amendment in substantially the form attached.
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