HomeMy WebLinkAbout15-00532 LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
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File Number: 15-00532 Final Action Date:
A RESOLUTION, WITH ATTACHMENT(S), OF THE BOARD OF COMMISSIONERS
OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY (THE "CRA") RATIFYING THE EXECUTIVE DIRECTOR'S APPROVAL OF
THE SIGN PERMIT APPLICATION IN THE ATTACHED FORM AND APPROVING
THE ACCEPTANCE BY THE CRA OF THE RESTRICTIVE COVENANT IN THE
ATTACHED FORM WITH 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 "OWNER"), AND MIAMI BIG BLOCK, LLC,
A FLORIDA LIMITED LIABILITY COMPANY ("MBB"; TOGETHER WITH FIRST AVE,
59 NW AND 41 NW, COLLECTIVELY, THE "DEVELOPER").
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/Principle 4, at pages 12 and 14, of the Plan includes the
creation of jobs within the community as a stated redevelopment goal; and
WHEREAS, 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 "Owner"), 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
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; and
WHEREAS the Plan designates the area where the Property is located as a possible location
for a Media Tower; and
WHEREAS 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"; and
WHEREAS the Developer requested the Executive Director approve the application for the
Signs, as defined in Miami 21, included in the Sign Package (the "Sign Permit Application") filed with
the Zoning Department and the Executive Director approved the Sign Permit Application; and
City of Mianri Page 1 of 2 File Id: 15-00532 (Version: 1) Printed On: 4/20/2015
File Number: 15-00532
WHEREAS the Developer has proffered to enter into a Restrictive Covenant with the CRA in
substantially the form attached (the "Restrictive Covenant") pursuant to which Developer will make
payments to the CRA 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), as more particularly
described in the Restrictive Covenant, which 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 community benefits in connection with the construction and operation of the
Proposed Improvement as set forth in the Restrictive Covenant; and
WHEREAS, the Board of Commissioners wishes to ratify the Executive Director's approval of
the Sign Permit Application in the attached form and authorize the Executive Director to accept and
enter into the Restrictive Covenant in the attached form.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY:
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 ratifies the Executive Director's approval of
the Sign Permit Application in the form attached and authorize the Executive Director to accept and
enter into the Restrictive Covenant in the form attached with the Developer.
Section 3. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
WILLIAM R. BLOOM, ESQ.
CRA SPECIAL COUNSEL
City of Miami Page 2 of 2 File Id: 15-00532 (Version: 1) Printed On: 4/20/2015