HomeMy WebLinkAboutCRA-R-15-0032 LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 15-00500 Final Action Date:
A RESOLUTION, WITH ATTACHMENT(S), OF THE BOARD OF COMMISSIONERS
OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY (THE "CRA") APPROVING THE ASSIGNMENT OF THE DEVELOPMENT
AGREEMENT DATED AS OF JANUARY 18, 2013 (THE "DEVELOPMENT
AGREEMENT") FROM ST. JOHN PLAZA APARTMENTS, LLC (THE "ORIGINAL
DEVELOPER") TO SJP APARTMENTS, LLC, A FLORIDA LIMITED LIABILITY
COMPANY (THE "DEVELOPER") AND AUTHORIZING THE EXECUTIVE
DIRECTOR TO EXECUTE AN AMENDMENT TO THE DEVELOPMENT
AGREEMENT (THE "AMENDMENT") , SUBSTANTIALLY IN THE ATTACHED FORM,
WITH 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, on January 18, 2013, the CRA and St. John Plaza Apartments, LLC (the "Original
Developer"), entered into that certain Development Agreement (the "Development Agreement"); and
WHEREAS, the Original Developer desires to assign all of its right, title and interest in the
Development Agreement to SJP Apartments, LLC, a Florida limited liability company (the "Developer");
WHEREAS, the Original Developer has requested that the CRA approve the assignment from
the Original Developer to Developer; and
WHEREAS, the Board of Commissioners wish to approve the assignment of the Development
Agreement from the Original Developer to Developer as required under the terms of the Development
Agreement and authorize the Executive Director to execute an Amendment to the Development
Agreement in substantially the attached form with Developer, subject to the Amendment to the
Development Agreement being executed by the Developer and the Executive Director within thirty (30)
days from the date hereof.
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
City of Miami
Page 1 of 2 File Id: 15-00500 (Version: 1) Printed On: 7/23/2015
File Number: 15-00500
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. The Board of Commissioners hereby approve the assignment of the
Development Agreement from the Original Developer to Developer and authorizes the Executive
Director to execute an Amendment to the Development Agreement substantially in the attached form
with Developer, subject to the Amendment to the Development Agreement being executed by the
Developer and the Executive Director within thirty (30) days from the date hereof.
Section 3. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
WILLIAM R. BLOOM, ESQ.
CRA SPECIAL COUNSEL
City of Miami Page 2 of 2 File Id: 15-00500 (Version: 1) Printed On: 7/23/2015