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Home My WebLink AboutCRA-R-15-0055 BackupCity of Miami Legislation SUPPORTING DOCUMENTATION CRA Resolution: CRA..R-15-0020 all erican Drive Miami, FL 33133 www.miamigov.com File Number: 15-00627 Final Action Date: 6/1.1/2015 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. 3RD AVENUE, 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 SEDPW TAX INCREMENT FUND, ENTITLED "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10050.920101.883000.0000.00000. WHEREAS, the Southeast Overtown/Park West Community RedevelopmentAgency ("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 OF MIAMI, FLORIDA: City of Miami Page 1 of 2 File Id: 15-00627 (Version: 2) Printed On: 6/17/2015 File Number: 15-00627 Enactment Number: CRA-R-15-0020 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 SEOPWTax increment Fund, entitled "Cther 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 Oi : 6/17/2015 1767 APARTMENT PROJECT DETAILS/OVERVIEW 1767 NW 3 AVE, MIAMI, FL 33136 SUPPORTING OWNERSHIP GROUP; CHARLES LOWELL REALTY INVESTMENT & DEVELOPMENT LLC DOCUMENTATION PROJECT CONTACT: LOWELL CRAWFORD, PRESIDENT/CEO Lcrawford@charleslowellrealty.com cell: 786-287-3512 office: 305-224.2310 fax: 305-558-0747 BUILDING DESCRIPTION: BUILT IN 1959 WITH PLACEMENT ON A 12,289 S/F LOT, THIS APARTMENT BUILDING WAS ORIGINALLY CONSTRUCTED WITH CDC BUILDING MATERIALS AND A SHINGLED FLAT TOP ROOF, THE BUILDING INCLUDES 18 UNITS WITH 2 BR/1 BTH FORMATS THROUGHOUT, EACH UNIT IS APPROXIMATELY 650-750 S/F IN TOTAL LIVING AREA SPACE. THE. BUILDING IS COMPRISED OF 3 FLOORS WITH 6 UNITS PER FLOOR. 16 OF THE 18 UNITS ARE VACANT WITH PLANS TO VACATE THE ENTIRE BUILDING UPON THE START OF RENOVATION. PROJECT DESCRIPTION: " MY GOAL IS TO TOTALLY RENOVATE THE ENTIRE BUILDING TO INCLUDE BUT NOT BE LIMITED TO THE FOLLOWING ENHANCEMENTS TO ASSIST THE SEOPW CRA IN THEIR MISSION TO IRRADICATE SLUM & BLIGHT IN THE CVERTOWN COMMUNITY 1. INTERIOR/EXTERIOR RE --PLASTERING 2. INTERIOR/EXTERIOR PAINTING 3. ELECTRICAL CORRECTIONS 4, PLUMBING CORRECTIONS & FIXTURE REPLACEMENTS 5, STRUCTURAL REPAIRS 6, NEW ROOF 7. NEW FLOORING 8. NEW CABINETRY 9. NEW APPLIANCES 10. REPLACE DOORS & WINDOWS I1. BATHROOM REMODELING 12, RESURFACE PARKING LOT AND WALKWAYS 13. INSTALL PERIMETER WROUGHT IRON FENCING 14. CABLE TELEVISION PRE -WIRING 15, OTHER ENHANCEMENTS AS FURTHER DETERMINED PROPOSED BUDGET: $585,000,00 FINANCIAL CONSIDERATIONS: CURRENT PROJECTED FINANCIAL CONSIDERATIONS FOR THE RENOVATION OF THIS PROJECT WILL ENTAIL POTENTIAL FUNDING BY THE SEOPW C.R.A. TIMELINE: 6 MONTHS WITH AN ANTICIPATED MOVE -IN DATE OF AUGUST 1, 2015 f r ._.:,,_, , -- •.--..,--. --f.:-..,-,-3,-f . -' .-.- ..e-,.4.4.• ,.L..-.,,,,--,*-'''''f--- - --•,_ - . ..'-'..„,„ .,..,....„..:.7.,.__,,..--.-a_.,..,„_..._.:,-i7rx,,_4, ,,,,,:- ___--.....-4..,„----„__,__• .._:---,. -;:_---, ..,_ --,''''-' !,- • -VT.1*-7,,,,_.----:.,, --77''' . . ,-a- s,_.. - -.;,--'----,-• =., 7. ,7-,_., g-.,4- - - ----_, - - ---- • -,.i.. ,,r-, T:F- --,2--- -„1. --"It--- --.------'1-.-- -,..-g---,-- 4 - - - ----------- _.: . . _ -._. _ ,. -e-it.v.-L.--.'-'S:14. 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