HomeMy WebLinkAboutCRA-R-14-0060 Cover MemoSEOPW Board of Commissioners Meeting
September 30, 2014
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTEROFFICE MEMORANDUM
To: Board Chair Keon Hardemon
and Members of the CRA Board
From: Clarence E. Woods, III663
References: Courtside Apartments Development
Executive Director Agreement Second Amendment
Date: September 19, 2014 File: 14-00940
Subject: Resolution authorizing the Second
Amendment to Development Agreement with
AMC HTG I, Ltd.
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Board of Commissioners adopt the accompanying resolution approving the second
amendment (the "Second Amendment") by and between AMC HTG I, Ltd., a Florida limited partnership (the
"Developer") and the Southeast Overtown/Park West Community Redevelopment Agency (the "CRA") to the
development agreement dated as of January 15, 2013 (the "Development Agreement").
The primary purpose of the Second Amendment is to modify the Development Agreement to change the
location of the Project to a different location at the Culmer Center 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 Second Amendment in substantially the form attached.
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