Loading...
HomeMy WebLinkAbout15-00532 Cover MemoSEOPW Board of Commissioners Meeting April 27, 2015 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTEROFFICE MEMORANDUM To: Board Chair Keon Hardemon and Members of the CRA Board Date: April 17, 2015 File: 15-00532 Subject: Resolution authorizing the Executive Director to approve a proposed application for a sign permit for a Media Tower to be located in the Redevelopment Area in accordance with Section 6.5.4 of Miami 21 From: Clarence E. Woods, III AL References: Miami Innovation Tower Executive Director Enclosures: Supporting Documentation; Legislation BACKGROUND: NW 1ST AVENUE AND 10TH STREET, LLC, a Florida limited liability company ("First Ave"), 59 NW 10th Street, LLC, a Florida limited liability company ("59 NW"), and 41 NW 10 Street, LLC, a Florida limited liability company ("41 NW"; together with First Ave and 59 NW, collectively, the "Owners), and MIAMI BIG BLOCK, LLC, a Florida -limited liability company ("MBB"; together with First Ave, 59 NW and 41 NW, collectively, the "Developer") desires to develop a building and related improvements on the property located at 1031 NW 1st Avenue (the "Property") within the Southeast Overtown/Park West Community Redevelopment Area (the "Redevelopment Area") known as the Miami Innovation Tower (the "Proposed Improvements") substantially in accordance with the plans and specifications prepared by Shop Architects, P.C. dated March 19, 2014 prepared for zoning approvals under Drawing Number G-000.00, Z-100.00, Z-101.00, Z-102.00, Z-103.00, Z-104.00, Z- 105.00 and Z-106.00 (the "Preliminary Plans") and utilize same as a Media Tower as defined in Section 6.5.4 of Miami 21. Section 6.5.4 of Miami 21 provides that a "Media Tower is a structure that may serve as a viewing tower and a kinetic illuminated media display system, utilizing signage, video and all other forms of animated illuminated visual message media within the Southeast/Overtown Park West Redevelopment Area. It is intended that such a structure shall be used to achieve an overall effect and aesthetic consistency within the private -owned properties within the area based upon criteria provided for and set forth in the Southeast/Overtown Park West Redevelopment Area Plan and applicable provisions of Chapter 163, Part III, Florida Statutes." Section 6.5.4 of Miami 21 further provides the following criteria for a Media Tower: "criteria. It is the purpose of the Miami Media Tower to (a) define an area in the City where signage of this type can be placed on a tower(s) that, together with architectural design standards for Buildings within the area as well as Urban Design standards based on new urbanist principles in the area of the City, will establish a unique local, regional and national identity within the area; (b) strengthen the economy of the City by encouraging the development and redevelopment of a depressed, blighted and slum area within a major redevelopment area within the downtown core of the City; and (c) provide a source of funds to be used exclusively within said redevelopment area for redevelopment related activities, and nothing else. Developer obtained a letter dated March 25, 2014 from Irene S. Hegedus, AIA, Zoning Administrator for the City of Miami (the "Zoning Letter"), confirming that the Proposed Improvements can be developed on the Property in accordance with the Preliminary Plans by right and complies with the intent of Miami 21 based upon the current Zoning Ordinance as adopted. The Property is located within the Redevelopment Area and the Southeast/Overtown Park West Community Redevelopment Plan prepared by Dover Kohl in 2004, as updated May 2009 by the Planning Department (the "Redevelopment Plan") designates the area where the Property is located as a possible location for a Media Tower. Section 6.5.4 of Miami 21 provides that "A sign permit shall be required for such Signs specified herein. All applications shall require a mandatory review and approval by the Executive Director of the CRA." have reviewed the Miami Innovation Tower Digital Sign Package prepared by A2a Media dated May 19, 2014 describing five (5) digital signs having a total display area of approximately 84,750 square feet, (the "Sign Package"). Developer has requested that I approve the application for the Signs, as defined in Miami 21, included in the Sign Package (the "Sign Permit Application") to be filed with the Zoning Department and approved the Sign Permit Application. I have concluded that: (i) based solely on the Zoning Letter, the Proposed Improvements which Developer intends to utilize as a Media Tower, can be developed on the Property by right in accordance with the Preliminary Plans and complies with the intent of Miami 21; (ii) the Sign Permit Application is consistent with the criteria set forth in Section 6.5.4 of Miami 21; (iii) the payments to be provided by Developer to the CRA pursuant to the proffered Restrictive Covenant consisting of $3,000,000.00 upon issuance of a building permit pursuant to the Signage Permit Application which is final and not subject to appeal; $2,000,000.00 upon the issuance of a temporary certificate of completion, or its equivalent, for any signage included in the Sign Permit Application; and thereafter 3% of the Gross Revenues generated by the signage with a minimum annual payment of $1,000,000.00 (except for the first year of operation), will provide a source of funds to be used exclusively within the Redevelopment Area for redevelopment related activities as contemplated by Section 6.5.4 of Miami 21, and the community benefits to be provided by the Developer pursuant to the proffered Restrictive Covenant in connection with the construction and operation of the Proposed Improvement, including, without limitation, opportunities for subcontractors whose principal place of business is located in the Redevelopment Area or in the City of Miami to participate in the construction of the Proposed Improvements, opportunities for unskilled laborers who reside in the Redevelopment Area or in the City of Miami to participate in the construction of the Proposed Improvements, first source hiring opportunities for residents of the Redevelopment Area and the City of Miami for employment in connection with the operation of the Proposed Improvements, and opportunities for small business enterprises to be involved in the Miami Innovation Tower will benefit residents of the Redevelopment Area and the City. 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), ratifying the Executive Director's approval of the application for a sign permit for a Media tower to be located in the Redevelopment Area as required by Section 6.5.4 of Miami 21 and authorizing the Executive Director to accept and execute the Restrictive Covenant in substantially the form attached.