HomeMy WebLinkAboutCRA-R-15-0018City of Miami
Legislation
CRA Resolution: CRA-R-15-0018
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 15-00629 Final Action Date: 6/11/2015
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
A FOURTH AMENDMENT TO THE DEVELOPMENT AGREEMENT DATED AS OF
JANUARY 29, 2014, AS AMENDED BY AMENDMENT DATED AS OF APRIL 25,
2014, AND AS AMENDED BY SECOND AMENDMENT DATED AS OF MAY 30,
2014, AND AS AMENDED BY THIRD AMENDMENT DATED JULY 15, 2014,
SUBSTANTIALLY IN THE ATTACHED FORM, WITH OVERTOWN GATEWAY
PARTNERS, LLC (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, as of January 29, 2014, the CRA and Overtown Gateway Partners, LLC (the
"Developer"), entered into that certain Development Agreement (the "Development Agreement"); and
WHEREAS, the Development Agreement was amended by Amendment dated as of April 25,
2014, and as amended by Second Amendment dated as of May 30, 2014, and as amended by Third
Amendment dated July 15, 2014; and
WHEREAS, the Board of Commissioners wishes to authorize the Executive Director to
execute a Fourth Amendment to the Development Agreement dated as of January 29, 2014,
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 a Fourth Amendment to the Development Agreement dated as of January 29, 2014 as
City of Miami Page 1 of 2 File Id: 15-00629 (Version: 2) Printed On: 9/30/2022
File Number: 15-00629 Enactment Number: CRA-R-15-0018
amended by Amendment dated as of April 25, 2014, and as amended by Second Amendment dated
as of May 30, 2014, and as amended by Third Amendment dated July 15, 2014, substantially in the
attached form with Developer.
Section 3. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 15-00629 (Version: 2) Printed On: 9/30/2022