HomeMy WebLinkAbout14-00263 ResolutionCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 14-00263 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING THE PURCHASE OF THE PROPERTY AT 224 NW 16th STREET,
MIAMI, FLORIDA, 1900 NW 2nd COURT, MIAMI, FLORIDA, AND 1624 NW 1st
COURT, MIAMI, FLORIDA FOR AN AMOUNT NOT TO EXCEED $570,000, PLUS
CUSTOMARY CLOSING COSTS, ADJUSTMENTS, AND PRORATIONS;
AUTHORIZING SUCH INSPECTIONS AND DUE DILIGENCE DEEMED
NECESSARY BY THE EXECUTIVE DIRECTOR; FURTHER AUTHORIZING THE
ACCEPTANCE OF PROPERTY AT 1611 NW 3rd AVENUE, MIAMI, FLORIDA, FROM
THE CITY OF MIAMI, SUBJECT TO ANY RESTRICTIONS DEEMED NECESSARY
BY THE CITY IN CONNECTION WITH THE CONVEYANCE OF SAID PROPERTY;
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS
NECESSARY FOR SAID PURPOSE; FUNDS TO BE ALLOCATED FROM SEOPW
TAX INCREMENT FUND, ENTITLED "LAND," ACCOUNT CODE NO.
10050.920101.661000.0000.00000.
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 163.370(2)(e), Florida Statutes, permits the acquisition of real property,
together with any improvements thereon; and
WHEREAS, Section III, subsection 4, at page 97 of the Plan provides for land acquisition to
support the implementation of redevelopment projects, goals and objectives set forth in the Plan; and
WHEREAS, Section 2, Goal 3/Principles 2 and 3, at pages 12 and 14, of the Plan also lists
creating infill housing, and developing a variety of housing options as stated redevelopment goals;
and
WHEREAS, the owner of property at 224 NW 16th Street, Miami, Florida, 1900 NW 2nd
Court, Miami, Florida, and 1624 NW 1st Court, Miami, Florida originally purchased the property in
connection with the development of an affordable housing project; and
WHEREAS, in 2005, the City of Miami's Department of Community Development ("City")
agreed to provide funding to the aforementioned owner from the State Housing Initiatives Partnership
Program (SHIP) for the acquisition of said property and construction costs associated with the
affordable housing project; and
WHEREAS, the owner of the property is unable to complete the project and has agreed to sell
the property to the CRA; and
City of Miami Page 1 of 2 File Id: 14-00263 (Version: 1) Printed On: 10/11/2024
File Number: 14-00263
WHEREAS, the City has requested that the CRA purchase the property from the owner in
order to further the development of the project, and has agreed to reimburse the CRA for costs
associated with the purchase of the property,
WHEREAS, the City has also agreed to convey property at 1611 NW 3rd Avenue, Miami,
Florida to enable the CRA to develop additional housing units; and
WHEREAS, the Board of Commissioners wishes to authorize the purchase of the property for
an amount not to exceed $570,000, plus customary closing costs, adjustments and prorations; and
WHEREAS, the Board of Commissioners also wishes to authorize the acceptance of property
at 1611 NW 3rd Avenue, Miami, Florida from the City, subject to any restrictions deemed necessary
by the City in connection with the conveyance of said property; and
WHEREAS, the Board of Commissioners finds that this Resolution furthers the CRA's
redevelopment goals and objectives set forth in the Plan;
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
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. The Board of Commissioners authorizes the purchase of property at 224 NW
16th Street, Miami, Florida, 1900 NW 2nd Court, Miami, Florida, and 1624 NW 1st Court, Miami,
Florida for an amount not to exceed $570,000, plus customary closing costs, adjustments and
prorations.
Section 3. The Board of Commissioners further authorizes the acceptance of property at
1611 NW 3rd Avenue, Miami, Florida from the City of Miami, subject to any restrictions deemed
necessary by the City in connection with the conveyance of said property.
Section 4. The Executive Director is authorized to perform such inspections and due
diligence deemed necessary.
Section 5. The Executive Director is authorized to execute all documents necessary for
said purpose.
Section 6. Funds to be allocated from SEOPW Tax Increment Fund, entitled "Land,"
Account Code No. 10050.920101.661000.0000.00000.
Section 7. This Resolution shall become effective immediately upon its adoption.
City of Miami Page 2 of 2 File Id: 14-00263 (Version: 1) Printed On: 10/11/2024