HomeMy WebLinkAboutCRA-R-15-0054 Master ReportCity of Miami
Master Report
Enactment Number: CRA-R-15-0054
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 15-01609
File Type: CRA Resolution Status: Passed
Version: 2 Reference:
Controlling Body: SEOPW Community
Redevelopment
Agency
File Name: Approval of an amendment to the Declaration of Restrictions
for Block 36 with Miami -Dade County and the approval of a
corresponding change to the Development Agreement between
the Southeast Overtown/Park West Community Redevelopment
Agency and Lyric Devel
Requester:
Introduced: 12/9/2015
Cost: Final Action: 12/14/2015
Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH
ATTACHMENT(S); AUTHORIZING THE EXECUTIVE DIRECTOR OF THE CRA TO ENTER INTO
AN AMENDMENT (THE "DECLARATION AMENDMENT") WITH MIAMI-DADE COUNTY,
FLORIDA (THE "COUNTY") TO THE DECLARATION OF RESTRICTIONS RECORDED IN
OFFICIAL RECORDS BOOK 28631, AT PAGE 1277 OF THE PUBLIC RECORDS OF MIAMI-DADE
COUNTY WITH RESPECT TO BLOCK 36, AS AMENDED (THE "BLOCK 36 DECLARATION"),
TO GRANT THE DEVELOPER AS DEFINED IN THE BLOCK 36 DECLARATION THE OPTION
OF MAKING A LUMP SUM PAYMENT TO THE CRA IN THE AMOUNT OF $785,421.25 AND A
LUMP SUM PAYMENT TO THE COUNTY IN THE AMOUNT OF $785,421.25 IN LIEU OF THE
DEVELOPER MAKING THE PAYMENTS CONTEMPLATED BY SECTION 17 OF THE BLOCK 36
DECLARATION, WHICH PAYMENTS WILL INCREASE PROPORTIONATELY IF THE PROPOSED
PROJECT EXCEEDS 63,250 SQUARE FEET (I.E., IF THE PROPOSED PROJECT EXCEEDS 63,250
SQUARE FEET BY 10% THE PAYMENTS DUE TO EACH OF THE CRA AND THE COUNTY
SHALL INCREASE BY 10%) AND A LUMP SUM PAYMENT TO THE COUNTY IN THE AMOUNT
OF $395,636.00 IN LIEU OF THE COMMUNITY BENEFITS PAYMENTS CONTEMPLATED BY
THE BLOCK 36 DECLARATION WHICH LUMP SUM PAYMENTS WILL BE DUE ON THE DATE
THE CRA CONVEYS TITLE TO THE PROPERTY TO THE DEVELOPER IF APPROVED BY THE
COUNTY; AND AUTHORIZING THE EXECUTIVE DIRECTOR TO ENTER INTO AN
AMENDMENT TO THE DEVELOPMENT AGREEMENT BY AND BETWEEN LYRIC
DEVELOPMENT, LLC, A FLORIDA LIMITED LIABILITY COMPANY (THE "DEVELOPER") AND
THE CRA DATED DECEMBER 17, 2012, AS AMENDED, TO ALLOW FOR THE
CORRESPONDING OPTION TO MAKE THE LUMP SUM PAYMENTS TO THE CRA AND THE
COUNTY IN ACCORDANCE WITH THE TERMS OF THE DECLARATION AMENDMENT.
Sponsors:
Notes:
Indexes:
Attachments: File # 15-01609 Cover Memo.pdf,File # 15-01609 Backup.pdf,File # 15-01609 Legislation.pdf,File #
15-01609 Legislation v2.pdf,File # 15-01609 Exhibit SUB.pdf,
History of Legislative File
Version: Acting Body: Date: Action: Sent To: Due Date: Return Date: Result:
City of Miami Page 1 Printed on 9/28/2022
City of Miami
Master Report
Enactment Number: CRA-R-15-0054
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
2 SEOPW Community 12/14/2015 ADOPTED WITH
Redevelopment Agency MODIFICATIONS
2 CRA Special Counsel 1/12/2016 Reviewed and
Approved
Pass
City of Miami Page 2 Printed on 9/28/2022