HomeMy WebLinkAboutCRA-R-16-0017 LegislationCity of Miami
Legislation
Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 16-00716 Final Action Date:
A RESOLUTION, WITH ATTACHMENT(S), OF THE BOARD OF COMMISSIONERS
OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY (THE "CRA") AUTHORIZING A THIRD AMENDMENT TO THE
DEVELOPMENT AGREEMENT DATED AS OF JANUARY 18, 2013 (THE
"DEVELOPMENT AGREEMENT") BETWEEN THE CRAAND ST. JOHN PLAZA
APARTMENTS, LLC (THE "ORIGINAL DEVELOPER") AS ASSIGNED BY THE
ORIGINAL DEVELOPER TO SJP APARTMENTS, LLC, A FLORIDA LIMITED
LIABILITY COMPANY, NOW KNOWN AS ST. JOHN PLAZAAPARTMENTS, LLC
(THE "DEVELOPER") AS AMENDED BY AMENDMENT DATED AS OF SEPTEMBER
30, 2014 AND AS AMENDED BY SECOND AMENDMENT DATED DECEMBER 21,
2015 AND AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE THE THIRD
AMENDMENT TO THE DEVELOPMENT AGREEMENT (THE "THIRD
AMENDMENT"), IN SUBSTANTIALLY THE FORM ATTACHED HERETO AS
EXHIBIT "A".
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")
regarding the St. John Plaza Project; and
WHEREAS, the Original Developer assigned all of its right, title and interest in the
Development Agreement to SJP Apartments, LLC, a Florida limited liability company, now known as
St. John Plaza Apartments, LLC (the "Developer");
WHEREAS, the Developer and the CRA executed an amended dated as of September 30,
2014 (the "Amendment") and a Second Amendment dated December 21, 2015 (the "Second
Amendment");
WHEREAS, the Board of Commissioners wish to authorize the Executive Director to execute a
third amendment to the Development Agreement (the "Third Amendment") in substantially the form
attached hereto as Exhibit "A".
City of Miami Page 1 of 2 File Id: 16-00716 (Version: 1) Printed On: 5/16/2016
File Numboc10'00718
NOW, THEREFORE, BE|TRESOLVED BYTHE BOARD [)FCOMMISSIONERS {JFTHE
SOUTHEAST OVERTOVVN/PAFlKWEST COMMUNITY REDEVELOPMENT AGENCY C)FTHE CITY
OF MIAMI, FLORIDA:
Section 1. The naoitoks 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 the Executive Director to
execute the Third Amendment to the Development Agreement in substantially the form attached
hereto on Exhibit "A".
Gection3. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
VV|LLL4K8 R. BLC]{JK8, ESQ.
CRAGPEC|AL COUNSEL
City oyMiao/ Page of 2 File Id: /6-007/6(Vezwiov,J)Printed On: 5116120/6