HomeMy WebLinkAboutCRA-R-15-0042 LegislationCity of Miami
Legislation
CRA Resolution
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3500 Pan American
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Miami, FL 33133
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File Number: 15-01200 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
WITH ATTACHMENT(S), APPROVING THE ASSIGNMENT OF THE
DEVELOPMENT AGREEMENT DATED AS OF JANUARY 18, 2013
("DEVELOPMENT AGREEMENT") FROM ST. JOHN PLAZAAPARTMENTS, LLC
("ORIGINAL DEVELOPER") TO SJP APARTMENTS, LLC, A FLORIDA LIMITED
LIABILITY COMPANY ("DEVELOPER") AND AUTHORIZING THE EXECUTIVE
DIRECTOR TO EXECUTE AN AMENDMENT TO THE DEVELOPMENT
AGREEMENT ("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 ("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 ("Original
Developer"), entered into that certain Development Agreement ("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 ("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: 15-01200 (Version: 1) Printed On: 9/11/2015
File Number: 15-01200
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: 15-01200 (Version: 1) Printed On: 9/11/2015