HomeMy WebLinkAboutCRA-R-16-0017 Cover MemoSEOPW Board of Commissioners Meeting
May 23, 2015
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Keon Hardemon
and Members of the CRA Board
Date: May 13, 2016 File: 16-00716
Subject: Resolution authorizing the Third Amendment
to Development Agreement with St. John
Plaza Apartments, LLC
From: Clarence E. Woods, III References: St. John Plaza Development
Executive Director Agreement Third Amendment
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Board of Commissioners adopt the accompanying resolution approving the third
amendment (the "Third Amendment") by and between St. John Plaza Apartments, LLC, a Florida limited liability
company, formerly known as SJP Apartments, LLC (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"), as amended by Amendment dated as of September 30, 2014 and as amended
by Second Amendment dated December 21, 2015.
The primary purpose of the Third Amendment is to modify the Development Agreement for the following
purposes:
1. To allow the Developer 18 months to construct the Project instead of 16 months.
2. To extend the outside Closing Date to August 31, 2016.
3. To confirm that the CRA has approved the Plans and Specifications for the Project.
4. To clarify that the Responsible Wage Requirement only applies to the following labor classifications:
Electrical Workers; Plumbers; and Laborers as said terms are defined in Section 2-11.16 of the County
Code.
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 Third Amendment in substantially the form attached.
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