HomeMy WebLinkAboutCRA-R-15-0032 Cover MemoSEOPW Board of Commissioners Meeting
July 27, 2015
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To Board Chair Keon Hardemon Date: July 17, 2015 File: 15-00500
and Members of the CRA Board
Subject: Resolution authorizing the Fourth Amendment
to Development Agreement with St. John
Plaza Apartments, LLC
From Clarence E. Woods, III References: St. John Plaza Development
Executive Director Agreement Amendment
Enclosures: 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 approve the assignment of the Development Agreement from St.
John Plaza Apartments, LLC to SJP Apartments, LLC, a Florida limited liability company.
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.