HomeMy WebLinkAboutCRA-R-15-0020City of Miami
Legislation
CRA Resolution: CRA-R-15-0020
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 15-00627 Final Action Date: 6/11/2015
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING A GRANT, IN THE AMOUNT NOT TO EXCEED $585,000, TO
CHARLES LOWELL REALTY & INVESTMENT & DEVELOPMENT, LLC FOR THE
REHABILITATION OF PROPERTY AT 1767 N.W. 3RDAVENUE, MIAMI, FLORIDA;
AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS
DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS,
UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION;
FUNDS TO BE ALLOCATED FROM SEOPW TAX INCREMENT FUND, ENTITLED
"OTHER GRANTS AND AIDS," ACCOUNT CODE NO.
10050.920101.883000.0000.00000.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA")
is a community redevelopment agency created pursuant to Chapter 163, Florida Statutes, and 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 ("Plan"); and
WHEREAS, Section 2, Goal 3, at page 11, of the Plan lists the "creati[on of] infill housing,
diversity in housing types, and retaining affordable housing," as a stated redevelopment goal; and
WHEREAS, Section 2, Principle 2, at page 14, of the Plan provides that "[t]he neighborhood
.. retain access to affordable housing ... ;" and
WHEREAS, the property at 1767 N.W. 3rd Avenue, Miami, Florida ("Property") is currently
owned by Charles Lowell Realty Investment & Development, LLC ("Owner"); and
WHEREAS, built in 1959, the building on the Property consists of 18 residential units with a
placement on a 12,289 square foot lot, and is in need of significant repairs; and
WHEREAS, the Owner has requested assistance from the CRA in order to undertake the
rehabilitation of the Property; and
WHEREAS, the Board of Commissioners wishes to authorize a grant, in an amount not to exceed
$585,000 for the rehabilitation of the Property; and
WHEREAS, the Board of Commissioners finds that such a grant would further the
aforementioned redevelopment objectives;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
City of Miami Page 1 of 2 File Id: 15-00627 (Version: 2) Printed On: 10/3/2022
File Number: 15-00627 Enactment Number: CRA-R-15-0020
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 a grant, in the amount not to
exceed to $585,000, to Charles Lowell Realty Investment & Development, LLC for the rehabilitation of
property at 1767 N.W. 3rd Avenue, Miami, Florida.
Section 3. That the grant agreement and restrictive covenant include the requirement that
the property remain affordable as prescribed by Miami Dade County Housing Agency for (50) fifty
years
Section 4. The Executive Director is authorized to execute all documents necessary for
the purposes set forth above.
Section 5. The Executive Director is authorized to disburse funds, at his discretion, on a
reimbursement basis or directly to vendors, upon presentation of invoices and satisfactory
documentation.
Section 6. Funds are to be allocated from SEOPW Tax Increment Fund, entitled "Other
Grants and Aids," Account Code No. 10050.920101.883000.0000.00000.
Section 7. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 15-00627 (Version: 2) Printed On: 10/3/2022