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HomeMy WebLinkAboutSEOPW CRA 2017-03-21 Agenda PacketCity of Miami 819NW2ndAve 3rd Floor Miami, FL 33136 http://miamicra. com Meeting Agenda Tuesday, March 21, 2017 4:00 PM Camillus House 1603 N.W. 7th Ave., Bldg. B Miami, FL 33136 SEOPW Community Redevelopment Agency Keon Hardemon, Chair Wifredo Gort, Vice Chair Ken Russell, Board Member, District Two Frank Carollo, Board Member, District Three Francis Suarez, Board Member, District Four SEOPW CRA OFFICE ADDRESS: 819 NW 2ND AVE, 3RD FLOOR MIAMI, FL 33136 Phone: (305) 679-6800 I Fax (305) 679-6835 www.miamicra.com Southeast Overtown/Park West CRA Meeting Agenda March 21, 2017 CALL TO ORDER APPROVING THE MINUTES OF THE FOLLOWING MEETINGS: 1. SOUTHEAST OVERTOWN/PARK WEST CRA - REGULAR - JAN 30, 2017 5:00 PM PUBLIC COMMENTS CRA RESOLUTION 1. CRA RESOLUTION INPUT TEMP W/O FINANCIAL IMPACT 1997 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ACCEPTING THE RECOMMENDATION OF THE SELECTION COMMITTEE OF THE TOP RANKED DEVELOPMENT FIRM FOR REQUEST FOR PROPOSALS 17-01 TO DEVELOP MULTIFAMILY HOUSING DEVELOPMENTS AT 1611 NW 3RD AVENUE & REAR PARKING LOT AT 1490 NW 3RD AVENUE ("PROPERTIES"); AUTHORIZING THE EXECUTIVE DIRECTOR TO FINALIZE AND EXECUTE A DEVELOPMENT AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, WHICH INCLUDES THE OPTION TO LEASE OR SELL THE PROPERTIES TO THE TOP RANKED PROPOSER BASED ON THE PROPOSAL SUBMITTED BY THE TOP RANKED PROPOSER; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE. File # 1997 Exhibit A File # 1997 Backup City of Miami Page 2 Printed on 3/14/2017 Southeast Overtown/Park West CRA Meeting Agenda March 21, 2017 2. CRA RESOLUTION 1974 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING A GRANT, IN AN AMOUNT NOT TO EXCEED $112,000, TO SUITED FOR SUCCESS, INC. TO UNDERWRITE COSTS ASSOCIATED WITH THE PROVISION OF JOB TRAINING AND OTHER EMPLOYMENT SUPPORT SERVICES TO JOB SEEKERS FROM THE REDEVELOPMENT AREA; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; FUNDS TO BE ALLOCATED FROM SEOPW TAX INCREMENT FUND, ENTITLED "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10050.920101.883000.0000.00000. File # 1974 Backup 3. CRA RESOLUTION 1975 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING A GRANT, IN AN AMOUNT NOT TO EXCEED $225,000, TO HEADLINER MARKET GROUP, INC. TO UNDERWRITE COSTS ASSOCIATED WITH THE PRODUCTION OF THE 2017 OVERTOWN MUSIC & ARTS FESTIVAL, SCHEDULED TO OCCUR ON JULY 15, 2017; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; FUNDS TO BE ALLOCATED FROM SEOPW TAX INCREMENT FUND, ENTITLED "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10050.920101.883000.0000.00000. File # 1975 Backup City of Miami Page 3 Printed on 3/14/2017 Southeast Overtown/Park West CRA Meeting Agenda March 21, 2017 4. CRA RESOLUTION 1977 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, AUTHORIZING A GRANT, IN AN AMOUNT NOT TO EXCEED $200,000, TO NEIGHBORS AND NEIGHBORS ASSOCIATION, INC., TO UNDERWRITE COSTS ASSOCIATED WITH THE CONTINUED OPERATION OF THE BUSINESS INCUBATOR AND DEVELOPMENT PROGRAM ("PROGRAM"); FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; ALLOCATING FUNDS FROM SEOPW, "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10050.920101.883000.0000.00000. File # 1977 Backup ADJOURNMENT City of Miami Page 4 Printed on 3/14/2017 4.1 SEOPW Board of Commissioners Meeting March 21, 2017 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Keon Hardemon Date: March 14, 2017 File: 1997 and Members of the CRA Board Subject: Resolution Accepting Selection of Top Ranked Proposer to RFP 17-01 From: Clarence E. Woods, (fa-) Executive Director Enclosures: File # 1997 Exhibit A File # 1997 Backup BACKGROUND: The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") accepts the recommendation to select the top ranked development firm for Request for Proposals ("RFP") 17-01 to develop multifamily housing at 1611 NW 3rd Avenue & the Rear Parking Lot at 1490 NW 3rd Avenue ("Properties"). This Resolution also authorizes the execution of a development agreement, in substantially the attached form, which includes the option to lease or sell the Properties to the top ranked proposer. The CRA owns 1611 NW 3rd Avenue & the Rear Parking Lot at 1490 NW 3rd Avenue. On February 15, 2017, the CRA issued RFP 17-01 seeking qualified developers to develop multifamily housing on the Properties. The RFP asked proposers to submit a detailed development concept highlighting bedroom and income eligibility mixes and affordability. The RFP also allowed for the CRA to enter into a lease agreement or sale agreement with the top ranked proposer. It is recommended that the CRA accept the selection committee's ranking for RFP 17-01. JUSTIFICATION: Chapter 163.380, Florida Statutes details the requirements for disposal of CRA owned property within a community redevelopment area. Section 2, Goal 3 at page 11, of the Southeast Overtown/Park West Community Redevelopment Agency Plan ("Plan") lists the "creati[on of] infill housing, diversity in housing types, and retaining affordable housing," as a stated redevelopment goal. Section 2, Goal 6, at page 11, of the Plan lists "improving quality of life for residents" as A stated redevelopment goal. Section 2, Principle 2 at page 14, of the Plan provides that "[t]he neighborhood ... retain access to affordable housing...." FUNDING: This Resolution does not commit funding. Packet Pg. 5 4.1 Southeast Overtown/Park West Community Redevelopment Agency File Type: CRA Resolution Input Temp w/o Financial Impact Enactment Number: File Number: 1997 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ACCEPTING THE RECOMMENDATION OF THE SELECTION COMMITTEE OF THE TOP RANKED DEVELOPMENT FIRM FOR REQUEST FOR PROPOSALS 17-01 TO DEVELOP MULTIFAMILY HOUSING DEVELOPMENTS AT 1611 NW 3RD AVENUE & REAR PARKING LOT AT 1490 NW 3RD AVENUE ("PROPERTIES"); AUTHORIZING THE EXECUTIVE DIRECTOR TO FINALIZE AND EXECUTE A DEVELOPMENT AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, WHICH INCLUDES THE OPTION TO LEASE OR SELL THE PROPERTIES TO THE TOP RANKED PROPOSER BASED ON THE PROPOSAL SUBMITTED BY THE TOP RANKED PROPOSER; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is a community redevelopment agency created pursuant to Chapter 163, Florida Statutes, and 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, Chapter 163.380, Florida Statutes details the requirements for disposal of CRA owned property within a community redevelopment area;" and WHEREAS, Section 2, Goal 3, at page 11, of the Plan lists the "creati[on of] infill housing, diversity in housing types, and retaining affordable housing," as a stated redevelopment goal; and WHEREAS, Section 2, Goal 6, at page 11, of the Plan lists "improving quality of life for residents" as a stated redevelopment goal; and WHEREAS, Section 2, Principle 2, at page 14, of the Plan provides that "[t]he neighborhood ... retain access to affordable housing ... ;" and WHEREAS, the CRA owns 1611 NW 3rd Avenue & Rear Parking Lot at 1490 NW 3rd Avenue ("Properties") and issued Request for Proposals ("RFP") 17-01 seeking qualified developers to develop multifamily housing on the Properties; and WHEREAS, the RFP asked proposers to submit a detailed development concept highlighting bedroom and income eligibility mixes and affordability and allowed for the CRA to enter into a lease agreement or sale agreement with the top ranked proposer; and Page 2 of 3 Packet Pg. 6 4.1 WHEREAS, it is recommended that the CRA accept the selection committee's ranking for RFP 17-01; and WHEREAS, the Board of Commissioners wish to accept the selection committee's recommendation for RFP 17-01 and to authorize the Executive Director to finalize and execute a development agreement with the top ranked proposer, in substantially the attached form, based upon the proposal submitted by the top ranked proposer; 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 hereby accepts the selection committee's recommendation for RFP 17-01 and authorizes the Executive Director to finalize and execute a development agreement with the top ranked proposer, with respect to the properties located at 1611 NW 3rd Avenue & Rear Parking Lot at 1490 NW 3rd Avenue ("Properties"), in substantially the form attached hereto as Exhibit "A", which includes the option to lease or sell the Properties to the top ranked proposer based up on the proposal submitted by the top ranked proposer. Section 3. The Executive Director is authorized to execute all documents necessary for the purposes set forth above. Section 4. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: Page 3 of 3 Packet Pg. 7 4.1.a DEVELOPMENT AGREEMENT THIS DEVELOPMENT AGREEMENT (the "Agreement") is made as of the day of March, 2017, by and between , a limited liability company (the "Developer"), and the SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, a public agency and body corporate created pursuant to Section 163.356, Florida Statutes (the "CRA"). RECITALS A. The Southeast Overtown/Park West Project area was designated as a community redevelopment area (the "Redevelopment Area") by Miami -Dade County, a political subdivision of the State of Florida (the "County"). A redevelopment plan was approved by the Commissioners of the City of Miami and the Commissioners of Miami -Dade County with certain redevelopment authority granted by the County to the City for project implementation. The City assigned to the CRA the redevelopment authority granted by the County to the City. B. The CRA issued a request for proposals (the "RFP") for the development of that certain real property located within the Redevelopment Area which is more particularly described on Exhibit "A" (the "Property") together with other property. C. In response to the RFP, Developer submitted a proposal for the development of the Property, as more particularly described in the proposal submitted by the Developer (the "Proposal"). D. Based upon the evaluation of the Proposal by the selection committee appointed by the executive director of the CRA (the "Executive Director") and subsequent negotiations between the Executive Director and the Developer, the Executive Director has recommended to the Board of Commissioners of the CRA (the "CRA Board") that the CRA enter into this Agreement with the Developer for the development of the Property. E. Pursuant to CRA Resolution Number CRA-R-17- authorized the CRA to enter into this Agreement. , the CRA Board F. The CRA desires to convey a leasehold interest (or fee simple interest) in the Property to the Developer subject to the terms and provisions of this Agreement and the Developer desires to acquire the Property from the CRA for the development of the Project, as hereinafter defined, subject to the terms and provisions of this Agreement. NOW THEREFORE, for and in consideration of the sum of $10.00 and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and of the covenants and agreements hereafter set forth, the parties agree as follows: 1. RECITALS. The recitals to this Agreement are true and correct and are incorporated herein by reference and made a part hereof. 2. PROPERTY. The property to be leased or sold by the CRA to Developer pursuant to the terms of this Agreement consists of the Property and all appurtenances belonging thereto, Packet Pg. 8 4.1.a including any and all rights, privileges and easements in any way pertaining thereto, all right, title and interest of the CRA in and to any adjoining sidewalk and in and to any adjoining street or alley and all right, title and interest of the CRA in permits and approvals issued by the applicable governmental authorities relating to the use and development of the Property. 3. DEPOSIT. Within two (2) business days of the Effective Date of this Agreement, Developer shall deliver to Holland & Knight LLP, as escrow agent (the "Escrow Agent"), the sum of Thousand and No/100 Dollars ($ ,000.00) (the "Initial Deposit"). (The Initial Deposit and the Additional Deposit, as hereinafter defined, together with all interest accrued thereon, are collectively referred to as the "Deposit"). The Escrow Agent shall hold the Deposit in a non -interest -bearing account. 4. INSPECTION PERIOD. 4.1 Inspections. Developer shall have until 5 p.m. on the ninetieth (90th) day after the Effective Date, as hereinafter defined, (the "Inspection Period") to perform, at Developer's sole cost and expense, such investigations and inspections of the Property the Developer, in Developer's sole and absolute discretion deems appropriate, including, without limitation, soil tests, zoning investigations, utility availability and environmental matters (collectively the "Inspections") to determine whether the Property is acceptable to Developer, in its sole discretion. Prior to performing any on -site Inspections, Developer shall provide at least one (1) business day's prior written notice to the Executive Director (which may be delivered by email) at 819 NW 2nd Avenue, 3rd Floor, Miami, Florida 33136, Phone: 305-679-6800; Facsimile: 305-679-6835; email: cwoods@miamigov.com (or such other CRA representatives as designated by the Executive Director), which written notice shall provide reasonable detail regarding the type and scope of Inspection(s) to be performed and the scheduled date and time for such Inspection(s) and provide the Executive Director the opportunity to have a representative from the CRA present at any such Inspection(s). Developer shall conduct such Inspection(s) in a manner so as to not unreasonably interfere with the current use of the Property. 4.2 Restoration. Following any such Inspections, Developer shall promptly restore the Property to the condition existing immediately prior to such Inspections. The Inspections shall be conducted in accordance with all applicable laws and by licensed and insured professionals, and Developer shall cause its inspectors to obtain, at Developer's sole cost and expense, any and all licenses and permits required to conduct the Inspections, as applicable. 4.3 Disclosure. Developer agrees that in the event the need arises to notify, under applicable laws, any federal, state or local public agencies of any conditions at the Property as a result of the Inspections performed by Developer, its agents, employees, contractors and/or representatives, Developer shall provide the Executive Director with any pertinent reports, written material or other evidence of the condition requiring such disclosure, if any. Any required disclosures shall be made directly by the CRA, and not Developer, to any such public agencies, unless the Developer is required to make such disclosures by applicable law, and the CRA fails to timely make such disclosures. 4.4 Indemnification. Developer shall assume all risks associated with the Inspections and agrees to indemnify, defend and hold harmless the CRA of, from and against any 2 Packet Pg. 9 4.1.a and all costs, losses, claims, damages, liabilities, expenses and other obligations (including, without limitation reasonable attorney' s fees and court costs) to the extent arising from, out of or in connection with or otherwise relating to the Inspections, including, without limitation, the entry by any one or more of Developer's agents, employees, contractors and other representatives in or upon the Property for the purpose of the Inspections; provided, however, that the foregoing indemnification obligation of Developer shall not apply to the mere discovery of any adverse findings relative to the Property by Developer or any of its agents, representatives or independent contractors. The foregoing indemnification obligations of Developer shall survive the expiration or termination of this Agreement. 4.5 Insurance. Developer shall, prior to entering the Property and performing any Inspections, provide to the CRA evidence of insurance by Developer or its contractors, as applicable, as specified in items I and IV on Exhibit "B" attached hereto, insuring against any liability by any one or more of Developer, its agents, employees, contractors or other representatives to the extent arising from, out of or in connection with or otherwise relating to the entry by any one or more of Developer, its agents, employees, contractors or other representatives in or upon the Property for the purpose of the Inspections. Developer shall provide the CRA with a certificate of insurance evidencing such insurance coverage, identifying the CRA as an additional insured thereon and which insurance coverage shall be kept in force until the expiration or early termination of this Agreement. 4.6 Acceptance of Property. If for any reason whatsoever Developer, in its sole discretion, determines during the Inspection Period that it does not wish to proceed with the transaction contemplated by this Agreement, Developer shall have the absolute right to terminate this Agreement by giving written notice of such termination to the CRA prior to the expiration of the Inspection Period. Upon the CRA's receipt of such notice prior to the end of the Inspection Period, this Agreement shall be deemed terminated and of no further force and effect and the Escrow Agent shall promptly return the Initial Deposit together with any interest accrued thereon to Developer, whereupon the parties shall be released and relieved from any liability or obligations hereunder, except for those obligations which expressly survive the termination of this Agreement. If Developer does not terminate this Agreement prior to the expiration of the Inspection Period, then it shall be presumed conclusively that Developer has had adequate opportunity to review and inspect all portions of the Property, including, without limitation, the environmental condition of the Property and, Developer has determined that the condition of all portions of the Property are satisfactory to Developer and Developer has accepted every portion of the Property in its "AS IS, WHERE IS, WITH ALL FAULTS" condition. 4.7 No Lien. Developer shall not create or permit to be created any mechanic's liens upon the Property, or any part thereof, as a result of the Inspections. If any lien shall at any time be filed against the Property, or any part thereof in connection with the Inspections, Developer shall cause same to be discharged or transferred to bond in accordance with applicable laws within thirty (30) days after Developer first becomes aware that such lien has been recorded against the Property. This provision shall survive the expiration or termination of this Agreement. 4.8 CRA Deliveries. Prior to the date of this Agreement, the CRA has provided to Developer copies of all surveys, title policies and environmental studies which the CRA has been able to locate with respect to the Property (collectively the "CRA Deliveries"). Any reliance 3 Packet Pg. 10 4.1.a upon the CRA Deliveries is at the sole risk of Developer and the CRA makes no representations or warranties, express or implied, with respect to the accuracy or completeness of the CRA Deliveries, and any reliance upon same is at the sole risk of Developer. 4.9 Disclaimer of Representations by Developer. Developer hereby expressly acknowledges and agrees that, except as specifically provided in this Agreement: 4.9.1 The CRA makes and has made no warranty or representation whatsoever as to the condition or suitability of the Property for the Project. 4.9.2 The CRA makes and has made no warranty, express or implied, with regard to the accuracy or completeness of any information furnished to Developer, and the CRA shall not be bound by any statement of any broker, employee, agent or other representative of the CRA. 4.9.3 The CRA has made no representations, warranties or promises to Developer not explicitly set forth in this Agreement. 4.9.4 The CRA has made no representations or warranties, express or implied, with regard to the neighborhood, that the Redevelopment Area will be developed, or as to the precise type or quality of improvements that will be constructed within the Redevelopment Area or the timing thereof. 4.9.5 The CRA makes and has made no representation or warranty, express or implied, concerning any portion of the Property, its condition or other things or matters directly or indirectly relating thereto or hereto, including, without limitation, no warranty as to merchantability or fitness for any particular purpose or relating to the absence of latent or other defects. 4.10 Developer specifically acknowledges that the transaction contemplated by this Agreement and the time frame for performance by Developer under this Agreement is not contingent upon the redevelopment of the Redevelopment Area, the removal of slum or blight from the Redevelopment Area, the reduction of crime in the Redevelopment Area or the status of any other projects in the Redevelopment Area. 4.11 Copies of Reports. Developer shall provide the CRA with copies of any third party reports prepared for Developer regarding the physical condition of the Property within ten (10) days of Developer obtaining the final reports from such third party. This provision shall survive termination. 4.12 Additional Deposit. If Developer fails to terminate this Agreement prior to the end of the Inspection Period, Developer shall deliver to Escrow Agent an additional deposit in the amount of Thousand and No/100 Dollars ($ ,000.00) (the "Additional Deposit") by wire transfer of federal funds within one (1) business day after the expiration of the Inspection Period. The failure of Developer to make the Additional Deposit shall result in the automatic termination of this Agreement in which event the Escrow Agent shall promptly return the Initial Deposit to Developer and the parties shall be relieved from any liability 4 Packet Pg. 11 4.1.a or obligations hereunder except for those obligations under this Agreement which expressly survive termination. 5. AS -IS, WHERE IS, AND WITH ALL FAULTS CONDITION. 5.1 Developer does hereby acknowledge, represent, warrant and agree, to and with CRA, that, (i) Developer is acquiring the Property in an "AS IS, WHERE IS, AND WITH ALL FAULTS" condition with respect to any facts, circumstances, conditions and defects of all kinds; (ii) CRA have no obligation to repair or correct any such facts, circumstances, conditions or defects or compensate Developer for same; (iii) Developer is and will be relying strictly and solely upon the advice and counsel of its own agents and representatives and such physical inspections, examinations and tests of the Property as Developer deems necessary or appropriate under the circumstances; (iv) Developer has had and will have, pursuant to this Agreement, an adequate opportunity to make such legal, factual and other inquiries and investigations as Developer deems necessary, desirable or appropriate with respect to the Property; (v) the CRA is not making and has not made any warranty or representation, express or implied, with respect to the Property as an inducement to the Developer to enter into this Agreement, or for any other purpose, except as expressly set forth herein; and (vi) by reason of all of the foregoing, from and after the Closing (as hereinafter defined), Developer shall assume the full risk of any loss or damage occasioned by any fact, circumstance, condition or defect pertaining to the physical and other conditions of the Property, regardless of whether the same is capable of being observed or ascertained. 5.2 THE CRA HAS NOT, DOES NOT AND WILL NOT, WITH RESPECT TO THE PROPERTY, MAKE ANY REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, OR ARISING BY OPERATION OF LAW, INCLUDING, BUT IN NO WAY LIMITED TO, ANY WARRANTY OF CONDITION OR MERCHANTABILITY, OR WITH RESPECT TO THE VALUE, PROFITABILITY OR OPERATING POTENTIAL OF THE PROPERTY. 5.3 Developer hereby releases the CRA from any liability, claims, damages, penalties, costs, fees, charges, losses, causes of action, demands, expenses of any kind or nature or any other claim it has or may have against the CRA resulting from the presence, removal or other remediation of "Hazardous Materials" (as hereinafter defined) on or under the Property or which has migrated from adjacent lands owned by third parties to the Property or from the Property to adjacent lands, except to the extent the presence of the Hazardous Materials was known to the Executive Director and the Executive Director failed to notify Developer of the presence of the same. 5.4 The term "Hazardous Materials" shall mean asbestos, any petroleum fuel and any hazardous or toxic substance, material or waste which is or becomes regulated by any local governmental authority, the state where the Property is located or the United States Government, including, but not limited to, any material or substance defined as a "hazardous waste," "extremely hazardous waste," "restricted hazardous waste," "hazardous substance," "hazardous material" or "toxic pollutant" under state law and/or under the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. § 9601, et seq. 5 Packet Pg. 12 4.1.a 5.5 The provisions of this Section 5 shall survive any termination of this Agreement and shall survive Closing. 6. TITLE AND SURVEY. 6.1 Developer shall obtain a title insurance commitment (the "Commitment") and a survey (the "Survey") of the Property, at the Developer's sole cost and expense. The Commitment and the Survey shall show the CRA to be vested in good and marketable fee simple title to the Property, subj ect only to the following (the "Permitted Exceptions"): 6.1.1 Ad valorem real estate taxes and assessments for the year of Closing and subsequent years. 6.1.2 All applicable laws, ordinances and governmental regulations, including, but not limited to, all applicable building, zoning, land use, environmental ordinances and regulations. 6.1.3 Any matters arising by, through, or under Developer. 6.1.4 Those matters listed on Exhibit "C" attached hereto and made a part hereof. 6.2 Developer shall have until 5:00 p.m. on the ninetieth (90th) day following the Effective Date (the "Title Review Period") to obtain and examine the Commitment and the Survey. Developer shall promptly provide the CRA with a copy of the Commitment and the Survey upon Developer's receipt of same. The survey shall be certified to Developer and the CRA. If the Commitment and Survey reveals any particular condition of title other than the Permitted Exceptions, Developer shall, no later than the expiration of the Title Review Period, notify the CRA in writing of the defect(s). If Developer fails to give the CRA written notice of the defect(s) prior to the end of the Title Review Period, the defect(s) shown in the Commitment and the Survey shall be deemed to be waived as title objections and same shall be deemed to constitute Permitted Exceptions for all purposes under this Agreement. If Developer has given CRA written notice of defect(s) prior to the end of the Title Review Period other than the Permitted Exceptions, the CRA shall elect within ten (10) days after receipt of written notice of the title defect(s) whether the CRA will elect to attempt to cure the title defect(s). Failure of the CRA to respond within the ten (10) day period shall be deemed the election of the CRA not to cure the title defect(s). If the CRA does not elect to cure the title defect(s), Developer shall have the option, to be exercised within ten (10) days after Developer receives written notice from the CRA that the CRA has elected not to cure the title defect(s), of either (i) waiving the defect(s), in which event the defect(s) shall be deemed to constitute a Permitted Exception under this Agreement, or (ii) canceling this Agreement, in which event Escrow Agent shall return the Deposit paid to date, together with interest accrued thereon, to Developer and the parties shall be released from any further obligations under this Agreement, except for those obligations that expressly survive the termination of this Agreement. If the CRA elects to attempt to cure the title defect(s), the CRA shall have sixty (60) days from receipt of the written notice of defect(s) to use commercially reasonable efforts to cure same (the "Cure Period"). If the CRA elects to cure the title defect(s), the CRA shall discharge any lien(s), judgment(s) or other matters affecting title to the Property in a liquidated amount. The CRA shall 6 Packet Pg. 13 4.1.a not be required to commence litigation to resolve any matters. In the event the CRA attempts to cure the title defects and the CRA is not able to cure the defect(s) after using commercially reasonable efforts prior to the end of the Cure Period, Developer shall have the option, to be exercised within ten (10) days after the end of the Cure Period, of either (i) waiving the defect(s), in which event the defect(s) shall be deemed to constitute a Permitted Exception under this Agreement, or (ii) canceling this Agreement, whereupon Escrow Agent shall return the Deposit paid to date to Developer and the parties shall be released from any further obligations under this Agreement, except for those obligations that expressly survive the termination of this Agreement. 6.3 In the event of any new title defect(s) arising from and after the effective date of the Commitment and prior to the Closing Date (as hereinafter defined), the CRA shall use commercially reasonable efforts to cure such title defect(s) prior to the Closing Date. The CRA shall discharge any lien(s), judgment(s) or other matters affecting title to the Property that are in a liquidated amount. The CRA agrees not to enter into any amendment to the Declaration, or the Declaration Amendment, without the written approval of the Developer, which approval shall not be unreasonably withheld, conditioned or delayed. The CRA shall not be required to bring any lawsuit(s) to cure any title defect(s) or expend any funds to cure any title defect(s) not in a liquidated amount. In the event that the CRA is unable to cure the title defect(s) prior to the Closing Date after using commercially reasonable efforts, Developer shall have the option on the Closing Date of: (i) waiving the title defect(s) and accepting title "as is" whereupon the title defect(s) will be deemed to constitute a Permitted Exception under this Agreement; or (ii) canceling this Agreement, whereupon Escrow Agent shall return the Deposit to Developer and the parties shall be released from all further obligations under this Agreement, except for those obligations that expressly survive the termination of this Agreement. 7. ZONING APPROVALS. As of the Effective Date of this Agreement, the CRA shall execute any documents and/or applications reasonably required by the Developer, which documents must be executed by the record owner of the Property in connection with any zoning or land use approvals or permit applications (the "Zoning Approvals") required to be obtained by the Developer for the Project, to enable the Project to be developed in accordance with the Proposal, provided such documents and applications do not impose any financial obligations or liability upon the CRA. If Developer elects to terminate this Agreement during either the Title Review Period or Inspection Period the Developer shall promptly withdraw the Property from any applications for Zoning Approvals. 8. FINANCING. Developer shall ( ) days from the Effective Date (the "Financing Period") to obtain either an award of 9% tax credits for the Project from the Florida Housing Corp. in an amount of not less than and no/100 Dollars ($ ) (the "Tax Credits") or a loan for the Project in the amount not less than $ (the "Loan"). If Developer does not obtain the award of the Tax Credits or obtain a commitment for the Loan by the end of the Financing Period, Developer may terminate this Agreement in which event the Escrow Agent shall return the Deposit to the Developer in which event the parties shall be released from all further obligations under this Agreement except for the obligations that survive termination. 7 Packet Pg. 14 4.1.a 9. PROJECT. 9.1 Description of the Project. The project (the "Project") shall consist of (i) not less than sixty (60) residential units as described in the Proposal, and (ii) a sufficient number of parking spaces to comply with the applicable codes plus the Additional Parking Spaces, as hereinafter defined. 9.2 Design of the Project. The Project shall be developed substantially in accordance with the conceptual design documents attached hereto as Exhibit "D" (the "Conceptual Design Documents"). 9.3 Schematic Documents. Within ( ) days of the Effective Date, the Developer shall submit to the Executive Director for its review and approval the schematic design documents for the Project consisting of drawings and other documents (such as an architectural site plan, floor plans and building elevations) illustrating the scale and relationship of Project components (the "Schematic Documents"). The Schematic Documents shall be subject to the approval of the Executive Director, which approval shall not be unreasonably withheld and which approval shall be given if the Schematic Documents are consistent with the Conceptual Design Documents. The Developer agrees to utilize its good faith efforts to make modifications to the Schematic Documents to satisfy the requirements of the Executive Director if the Schematic Documents are inconsistent with Conceptual Design Documents. The Developer shall provide to the Executive Director such additional back-up information as the Executive Director may reasonably request to enable the Executive Director to analyze the Schematic Documents. The Executive Director shall have fifteen (15) days from the receipt of the Schematic Documents to approve or disapprove same. If the Executive Director fails to respond within said fifteen (15) day period, the Schematic Documents shall be deemed approved. In the event of disapproval, the Executive Director shall specify the reason for such disapproval. In the event of disapproval, Developer shall modify the Schematic Documents, as appropriate, to address the comments and concerns of the Executive Director to cause the Schematic Documents to be consistent with the Conceptual Design Documents. Any resubmission shall be subject to the approval of the Executive Director in accordance with the procedure outlined above for the original submission until same is approved or deemed approved by the Executive Director. The Executive Director and the Developer shall, in good faith, attempt to resolve any disputes regarding the Schematic Documents. If the Executive Director has rejected the Schematic Documents two (2) times, then, following the second rejection, the Developer may elect to submit such dispute regarding the approval of the Schematic Documents to the CRA Board for resolution. The Schematic Documents as approved or deemed approved by the Executive Director shall mean the "Approved Schematic Documents". 9.4 Design Development Documents. Within ( ) days of the approval or deemed approval of the Approved Schematic Documents, the Developer shall submit to the Executive Director for its review and approval the design development documents for the Project consisting of building massing and elevations, exterior materials and color schemes, fenestrations and a detailed description of all building systems for the Project (the "Design Development Documents"). The Design Development Documents shall be subject to the approval of the Executive Director, which approval shall not be unreasonably withheld and which approval shall be given if the Design Development Documents are consistent with the Approved Schematic 8 Packet Pg. 15 4.1.a Documents. The Developer agrees to utilize its good faith efforts to make modifications to the Design Development Documents to satisfy the requirements of the Executive Director if the Design Development Documents are inconsistent with Approved Schematic Documents. The Developer shall provide to the Executive Director such additional back-up information as the Executive Director may reasonably request to enable the Executive Director to analyze the Design Development Documents. The Executive Director shall have fifteen (15) days from the receipt of the Design Development Documents to approve or disapprove same. If the Executive Director fails to respond within said fifteen (15) day period, the Design Development Documents shall be deemed approved. In the event of disapproval, the Executive Director shall specify the reason for such disapproval. In the event of disapproval, Developer shall modify the Design Development Documents, as appropriate, to address the comments and concerns of the Executive Director to cause the Design Development Documents to be consistent with the Schematic Documents. Any resubmission shall be subject to the approval of the Executive Director in accordance with the procedure outlined above for the original submission until same is approved or deemed approved by the Executive Director. The Executive Director and the Developer shall in good faith, attempt to resolve any disputes regarding the Design Development Documents. If the Executive Director has rejected the Design Development Documents two (2) times, the Developer may elect to submit such dispute regarding the approval of the Design Development Documents to the CRA Board for resolution. The Design Development Documents as approved or deemed approved by the Executive Director shall mean the "Design Documents". 9.5 Construction Documents. Developer shall use commercially reasonable efforts to submit to the Executive Director for its review and approval Developer' s plans and specifications for the construction of the Project, which shall be of sufficient detail to allow the Developer to apply for a building permit for the Project (the "Plans and Specifications") within ( ) days of the approval or deemed approval of the Design Documents but no later than the time Developer submits the Plans and Specifications in connection with its application for a building permit for the Project. The Plans and Specifications shall be subject to the approval of the Executive Director, which approval shall not be unreasonably withheld and which approval shall be given if the Plans and Specifications are consistent with the Design Documents in all material respects. The Developer agrees to utilize its good faith efforts to make modifications to the Plans and Specifications to satisfy the requirements of the Executive Director if the Plans and Specifications are inconsistent with Design Documents in any material respects. The Developer shall provide to the Executive Director such additional back-up information as the Executive Director may reasonably request to enable the Executive Director to analyze the Plans and Specifications. The Executive Director shall have fifteen (15) days from the receipt of the Plans and Specifications to approve or disapprove same. If the Executive Director fails to respond in such fifteen (15) days period, the Plans and Specifications shall be deemed approved. In the event of disapproval, the Executive Director shall specify the reason for such disapproval. In the event of disapproval, Developer shall modify the Plans and Specifications, as appropriate, to address the comments and concerns of the Executive Director to cause the Plans and Specifications to be consistent with the Design Documents in all material respects. Any resubmission shall be subject to the approval of the Executive Director in accordance with the procedure outlined above for the original submission until same is approved or deemed approved by the Executive Director. The Executive Director and the Developer shall in good faith, attempt to resolve any disputes regarding the Plans and Specifications. If the Executive Director has rejected the Plans and Specifications two (2) times, the Developer may elect to submit such dispute regarding the 9 Packet Pg. 16 4.1.a approval of the Plans and Specifications to the CRA Board for resolution. The Plans and Specifications as approved or deemed approved by the Executive Director shall mean the "Plans". 9.6 Development Requirements. Developer shall be required to develop the Project substantially in accordance with the Plans. Any material variation to the Plans, other than those changes required by the City in connection with the issuance of the building permit to comply with applicable laws, shall require the approval of the Executive Director, which approval shall not be unreasonably withheld or delayed provided that same is in accordance with the spirit and intent of Plans and this Agreement. 9.7 Development Timeframe. 9.7.1 Land Use and Zoning Approvals for the Project. Developer shall obtain all applicable land use and zoning approvals for the Project including with respect to the Additional parking (the "Approvals") on or before the Closing Date, time being of the essence. 9.7.2 Commencement and Completion of Construction. Developer must commence construction of the Project in accordance with the plans on the Property within twenty (20) days of the Closing Date. The Project must be substantially completed as evidenced by one or more temporary or permanent certificates of occupancy (or their equivalent) for all units comprising the Project as reflected on the Plans ("Completion") within months of the commencement of construction (the "Completion Date"). The Completion Date shall automatically be extended one day for each day of Unavoidable Delays provided the Executive Director concurs with the Developer that an Unavoidable Delay has occurred. The term "Unavoidable Delay" means delays due to area wide strikes, acts of God, floods, hurricanes, casualties, fire, acts of the public enemy and governmental moratoriums. The term Unavoidable Delay shall not include any delays caused by any other source, including, but not limited to, any governmental entity acting in its proprietary or regulatory capacity or delay caused by lack of funds. 9.7.3 Failure to Complete the Project. If Developer has not achieved Completion prior to the Completion Date, as same shall automatically be extended one day for each day of Unavoidable Delays provided the Executive Director concurs with the Developer that an Unavoidable Delay has occurred, the Developer shall pay to the CRA, as liquidated damages, Two Thousand Five Hundred and No/100 Dollars ($2,500.00) per day for each day between the Completion Date, as same may be extended by Unavoidable Delay until Completion. Said amount shall be due and payable within thirty (30) days of the Completion. 10. DEVELOPMENT AND FINANCIAL APPROVALS. 10.1 Development of the Project. As soon as available after the Effective Date, Developer shall submit to the Executive Director for review and approval, which approval shall not be unreasonably withheld the following: 10.1.1 Construction Contract. The construction contract for the Project (the "Construction Contract") shall include the obligation of the general contractor to comply with the participation requirements set forth in Section 11.2.1 and 11.2.2 of this Agreement. The Executive Director will not have approval rights over the terms of the Construction Contract. The 10 Packet Pg. 17 4.1.a approval of the Executive Director shall be limited to the issue of whether the Construction Contract includes the obligation of the general contractor to comply with the participation requirements set forth in Section 10.2.1 and 10.2.2 of this Agreement. 10.1.2 Loan Commitment. A loan commitment from a financial institution (the "Lender") evidencing that Developer has obtained a construction loan commitment for the development of the Project (the "Loan Commitment") which shall be reasonably acceptable to the Executive Director. The Executive Director will not have approval rights over the loan terms or equity investment terms. The approval of the Executive Director shall be limited to the issue of whether the Loan Commitment reflects that funds will be available for construction of the Project and the amount of funds that will be made available for construction together with the Equity (as hereinafter defined) provides the funds required under the Budget (as hereinafter defined). 10.1.3 Project Equity. Evidence reasonably satisfactory to the Executive Director that Developer has sufficient equity available to meet the equity requirement of the Loan Commitment with respect to the Project (the "Equity"). 10.1.4 Budget. The line item budget for the Project reflecting all hard and soft costs anticipated to be incurred by the Developer in connection with the Project (the `Budget"). If the Developer has provided a Loan Commitment, the Budget shall be deemed approved by the Executive Director if approved by the Lender as reflected in the Loan Commitment. 10.1.5 Project Schedule. The detailed project schedule for the construction of the Project (the "Project Schedule"). The Project Schedule must reflect that the Developer will achieve Completion prior to the Completion Date. The Executive Director will approve the Project Schedule if same has been approved by the Lender as reflected in the Loan Commitment and/or if the Project Schedule reflects that the Developer will achieve Completion prior to the Completion Date. 10.2 Approval Required by Section 10.1. If the Executive Director fails to provide its approval or its disapproval, to items submitted to the Executive Director in accordance with Section 10.1, within fifteen (15) days from receipt of a request for approval from Developer, the item shall be deemed approved. If the Executive Director disapproves any item, the Executive Director shall describe in its disapproval notice the reason for such disapproval with reasonable specificity. 11. MINORITY AND WOMEN'S PARTICIPATION AND EQUAL EMPLOYMENT OPPORTUNITY. 11.1 Minority and Women Participation and Equal Opportunity. In connection with the Project, the Developer agrees that it and its general contractor will: i) Take definitive action in the recruitment, advertising and to attract and retain minority and female contractors and subcontractors; 11 Packet Pg. 18 4.1.a ii) Provide a reasonable opportunity in the recruitment, advertising and hiring of professionals, contractors and subcontractors residing within the Redevelopment Area and within the City of Miami; iii) Take reasonable definitive action in retaining employees regardless of race, color, place of birth, religion, national origin, sex, age, marital status, veterans and disability status; iv) Maintain equitable principles in the recruitment, advertising, hiring, upgrading, transfer, layoff, termination, compensation and all other terms, conditions and privileges of employment; v) Monitor and review all personnel practices to guarantee that equal opportunities are being provided to all employees regardless of race, color, place of birth, religion, national origin, sex, age, marital status, veterans and disability status; vi) Post in conspicuous places, availability to employees and applicants for employment, notices in a form to be provided to the Executive Director, setting forth the non-discrimination clauses of this Section 10. vii) In all solicitations and advertisements for employment placed by or on behalf of Developer, state that all applicants will receive consideration for employment without regard to race, creed, color or national origin. 11.2 Participation Requirements. Developer agrees to comply with, or shall cause its general contractor to comply with, the following subcontractor participation requirements and laborer participation requirements (the "Participation Requirements") with respect to the Proj ect: 11.2.1 Subcontractor Participation. The Developer shall cause its general contractor to hire not less than twenty percent (20%) of the subcontractors for the construction of the Project utilizing companies that have their principal place of business within Miami -Dade County, Florida, giving first priority to subcontractors who principal place of business is in the Redevelopment Area, second priority to subcontractors whose principal place of business is in Overtown, third priority to subcontractors whose principal place of business is within District 5 of the City of Miami, fourth priority to subcontractors whose principal place of business is in the City of Miami and last priority to subcontractors whose principal place of business is in Miami -Dade County, Florida, with it being understood that Developer shall not be required to engage any subcontractor that fails to meet the requisite requirements for the Project established by the general contractor which will apply to all subcontractors uniformly such as drug free work force. For purpose of calculating the twenty percent (20%) subcontractor participation, the twenty percent (20%) participation shall be calculated based upon the dollar value of each subcontract given to subcontractors whose principal place of business is in Miami -Dade County, Florida and the total 12 Packet Pg. 19 4.1.a dollar value of all subcontracts entered into by the general contract for the respective Phase ("Subcontractor Participation Requirement"). 11.2.2 Laborer Participation. Developer agrees to cause its general contractor and all subcontractors to employ forty percent (40%) of the labor for the construction of the Project ("Laborer Participation Requirement") from workers residing in either the Miami - Dade County, Florida giving first priority to workers residing in the Redevelopment Area, second priority to workers residing in Overtown, third priority to workers residing in District 5 of the City of Miami, fourth priority to workers residing in the City of Miami with last priority to workers residing in Miami -Dade County, Florida. 11.2.3 Disputes. In the event of any disputes between the Executive Director and the Developer as to whether any subcontractor has its principal place of business in Miami -Dade County, Florida or whether any laborer resides in Miami -Dade County, Florida and whether the Developer complied with the priority requirements, the Developer and the Executive Director shall proceed in good faith to resolve the dispute. In the event the dispute is not resolved within ten (10) days either party may submit the dispute to the CRA Board for resolution which shall be binding on the parties. 11.3 Report Requirements. The Developer shall be required to submit to the Executive Director (i) on a quarterly basis commencing thirty (30) days after the end of the first quarter after the commencement of the Project until thirty days following Completion, detailed reports evidencing compliance with the Subcontractor Participation Requirements during the prior quarter and (ii) on a monthly basis commencing thirty (30) days after the commencement of construction of the Project until thirty days following Completion, detailed reports evidencing compliance with the Laborer Participation Requirements during the prior month ("Participation Reports"). The Participation Reports shall contain such information as the Executive Director may reasonably require to enable the Executive Director to determine whether the Developer is in compliance with the Subcontractor Participation Requirements and the Laborer Participation Requirements with respect to the Project. 11.3.1 Penalties for Non -Compliance with Subcontractor Participation Requirements. To the extent Developer fails to comply with the Subcontractor Participation Requirements, with respect to the Project, Developer shall pay to the CRA as a one-time penalty for such non-compliance Two Thousand Five Hundred and No/100 Dollars ($2,500.00) for each percentage point below the Subcontractor Participation Requirement (the "Subcontractor Non - Compliance Funds") with respect to the Project. The Subcontractor Non -Compliance Funds shall be calculated by the Executive Director after Completion and shall be due and payable within thirty (30) days from the date of Developer's receipt of written statement from the Executive Director stating the amount of Subcontractor Non -Compliance Funds due with respect to the Project. To the extent of any dispute between the Executive Director and the Developer with respect to the compliance with the Subcontractor Participation Requirements, such dispute shall be submitted to the CRA Board for resolution. The decision of the CRA Board shall be binding on the parties. 11.3.2 Penalties for Non Compliance with Laborer Participation Requirements. To the extent Developer fails to comply with the applicable Laborer Participation 13 Packet Pg. 20 4.1.a Requirements, with respect to the Project, Developer shall pay to the CRA as a one-time penalty for such noncompliance One Thousand and No/100 Dollars ($1,000.00) for each percentage point below the Laborer Participation Requirements (the "Laborer Non -Compliance Fund") with respect to the Project. The Laborer Non -Compliance Funds shall be calculated by the Executive Director after Completion and shall be due within thirty (30) from Developer's receipt of written statement from the Executive Director stating the amount of Laborer Non -Compliance Funds due. To the extent of any dispute between the Executive Director and the Developer with respect to the compliance with the Laborer Participation Requirements, such dispute shall be submitted to the CRA Board for resolution, which action shall be binding upon the parties. 11.4 Job Fair. 11.4.1 Construction Job Opportunities. Developer shall broadly disseminate information regarding job opportunities for local area residents and businesses to allow them to participate in construction of the Project, including, without limitation, hosting at least two (2) job fairs within the Redevelopment Area prior to the commencement of the Project. 11.4.2 Permanent Job Opportunities. Developer shall broadly disseminate information regarding job opportunities for local residents and businesses post -construction, with respect to the Project, including newly generated trade and service related jobs upon completion, including, without limitation, hosting at least one (1) job fair within the Redevelopment Area upon Completion. 11.4.3 Employment Advertisements & Notice. Developer shall: 11.4.3.1 Electronically post job opportunities in established job outreach websites and organizations, including, without limitation, CareerSource South Florida, and similar programs in order to attract as many eligible applicants for such jobs as possible; 11.4.3.2 Place a full -page weekly advertisement in the Miami Times newspaper to inform residents of available job opportunities and any upcoming job fairs not less than three (3) weeks prior to said job fair. This shall be in addition to any advertisements done through other job outreach websites, organizations, and efforts referenced hereinabove; and 11.4.3.3 Place weekly radio commercials on WMBM and either Hot 105 or 99JAMZ to inform residents for available job opportunities and upcoming job fairs not less than three (3) days prior to said job fair. 12. CRA CONDITIONS PRECEDENT. 12.1 The obligations of the CRA to close the transaction contemplated by this Agreement with respect to the Project is subject to the satisfaction or waiver of the following conditions precedent (the "CRA Conditions Precedent"): 12.1.1 The Executive Director shall have approved the Plans pursuant to Section 9.5 of this Agreement or the Plans shall have been deemed approved in accordance with Section 9.5 of this Agreement. 14 Packet Pg. 21 4.1.a 12.1.2 The Executive Director shall have approved the Construction Contract pursuant to Section 10.1.1 of this Agreement or the Construction Contract shall have been deemed approved pursuant to Section 10.2 of this Agreement. 12.1.3 The Executive Director shall have approved the Project Schedule pursuant to Section 10.1.5 of this Agreement or the Project Schedule shall have been deemed approved pursuant to Section 10.2 of this Agreement. 12.1.4 The Executive Director shall have approved the Loan Commitment pursuant to Section 10.1.2 of this Agreement or the Loan Commitment shall have been deemed approved pursuant to Section 10.2 of this Agreement. 12.1.5 The Executive Director shall have approved the Budget pursuant to Section 10.1.3 of this Agreement or the Budget shall have been deemed approved pursuant to Section 10.2 of this Agreement. 12.1.6 The Executive Director shall have confirmed that Developer has sufficient equity to meet the requirements for the construction of the Project pursuant to Section 10.1.3 of this Agreement or that shall have been deemed approved pursuant to Section 10.2 of this Agreement. 12.1.7 The Lender under the Loan Commitment is prepared to close the construction loan with respect to the Project in accordance with terms of the Loan Commitment or the Developer has sufficient equity to meet the requirements for the construction of the Project to the reasonable satisfaction of the Executive Director. 12.1.8 Developer or its contractor shall have provided to the Executive Director a payment and performance bond based on AIA Document 312 (2010 Edition), with changes in form and substance mutually satisfactory to the CRA and Developer in their reasonable discretion, in an amount equal to one hundred percent (100%) of the hard construction costs for the Project as reflected in the Budget, which shall be issued by a surety having a credit rating of "A" or higher with a financial strength of X or higher (the " Payment and Performance Bond"). 12.1.9 The Developer has obtained a building permit for the Project to enable the Developer to construct the Project in accordance with the Plans, or provided the Executive Director with evidence that a building permit for the construction of the Project in accordance with the Plans is ready to be issued subject only to the payment of the building permit fees and impact fees. 12.2 In the event the CRA Conditions Precedent are not satisfied or waived by the CRA on or before , then the CRA may either (i) terminate this Agreement in which the Escrow Agent shall deliver the Deposit to the CRA, as liquidated damages, and the parties shall be released from all further obligations under this Agreement except for the obligations under this Agreement which expressly survive the termination, or (ii) waive the condition and proceed in accordance with this Agreement. 13. CLOSING DATE. 15 Packet Pg. 22 4.1.a 13.1 Closing. The closing of the transaction (the "Closing") contemplated by this Agreement shall occur on the earlier of the following (the "Closing Date") (a) ten (10) days after all the CRA Conditions Precedent to closing have been either satisfied or waived by the CRA or (b) , , time being of the essence. On the Closing Date the following shall occur provided all of the CRA Conditions Precedent have been satisfied or waived: 13.1.1 CRA Deliveries. The CRA shall deliver to Developer at Closing: 13.1.1.1 A ground lease in the form of Exhibit "E" attached hereto and made a part hereof (the "Ground Lease"). [Alternatively based upon the Proposal the CRA shall convey fee simple title to the Property to Developer by special warranty deed subject to a declaration of restrictions incorporating the various provisions of this Agreement which deed will contain a reverter provision if Developer fails to comply.] 13.1.1.2 A certified copy of the resolution authorizing the conveyance by the CRA and the execution and delivery of the documents contemplated by this Agreement. 13.1.1.3 A no lien and possession affidavit. 13.1.1.4 A FIRPTA affidavit. 13.1.1.5 Memorandum of the Ground Lease (the "Memorandum"). 13.1.1.6 Such other documents as the title company may reasonably request. 13.2 Developer Deliveries. Developer shall deliver to the CRA or cause to be delivered to the CRA at Closing: 13.2.1 The Ground Lease. 13.2.2 Evidence of authority to close the transaction and execute and deliver the appropriate closing documents. 13.2.3 The Memorandum. 13.2.4 Payment and Performance Bond. 13.2.5 A guaranty (the "Guaranty") of the lien free completion of the Project in the form of Exhibit "F" attached executed by Developer and (the "Guarantor"). 13.2.6 Such other documents as the title company may reasonably request. 16 Packet Pg. 23 4.1.a 13.3 Recording Costs. The cost for recording the Memorandum shall be paid by Developer. Each party shall bear the cost of the fees of their own respective attorneys and other professionals and the cost of their own respective performance under this Agreement. 13.4 Adjustments and Prorations. Ad valorem real estate taxes and assessments and other taxes and assessments shall be prorated as of the Closing Date. 13.5 Parties in Possession. On the Closing Date the CRA shall provide the Property to the Developer free and clear of all parties in possession. 13.6 Deposit. The Deposit shall be delivered by Escrow Agent to the Developer simultaneously with the consummation of the Closing. 14. PARKING. 14.1 Parking for Overtown Shopping Center. Developer acknowledges the parking needs for Overtown Shopping Center. Developer shall provide to the CRA for use in connection with the Overtown Shopping Center the number of space lost to the Overtown Shipping Center in connection with the Project as provided in the Ground Lease (the "Additional Parking Spaces"). [The Additional Parking will be reserved in the deed if the Property is conveyed by the CRA.] 15. REPRESENTATIONS OF CRA. 15.1 The CRA makes the following representations: 15.1.1 The CRA is duly organized and validly existing under the laws of the State of Florida and has full power and capacity to own its properties, to carry on its business as presently conducted by the CRA, and to perform its obligations under this Agreement. 15.1.2 The CRA's execution, delivery and performance of this Agreement have been duly authorized by all necessary legal actions and does not and shall not conflict with or constitute a default under any indenture, agreement or instrument to which the CRA is a party or by which the CRA or CRA's property may be bound or affected, except for such approvals required by this Agreement. 15.1.3 This Agreement constitutes the valid and binding obligation of the CRA, enforceable against the CRA, and its successors and assigns, in accordance with their respective terms, subject to bankruptcy, insolvency and other similar laws affecting the rights of creditors generally. 15.1.4 The CRA is not a party to any outstanding contracts or options to purchase the Property or any portion thereof in favor of any third party. Other than alleged claims that may be asserted by persons intended to be indemnified against by the Indemnification Agreement (as defined in the Settlement Agreement) and by the Longshoremen's Union and Black Archives with respect to parking on the Property, no person, corporation or other entity has or on the Closing Date shall have any right or option to purchase the Property or any portion of the Property. 17 Packet Pg. 24 4.1.a 15.1.5 The CRA will not take any action to affect title to the Property prior to the conveyance of the Property to the Developer contemplated herein, including, without limitation, executing any leases or agreement which are not terminable upon thirty (30) days written notice with no penalty. 15.2 Survival of Representations. All of the representations of the CRA set forth in this Agreement shall be true upon the execution of this Agreement, shall be deemed to be repeated and as of the Closing Date and shall be true as of the Closing Date. All of the representations, warranties and agreements of the CRA set forth in this Agreement shall not survive the Closing. 16. DEVELOPER'S REPRESENTATIONS. 16.1 Developer makes the following representations to the CRA as follows: 16.1.1 Developer is a duly organized and validly existing under the laws of the State of , and have full power and capacity to own the Property, to carry on its business as presently conducted, and to enter into the transactions contemplated by this Agreement. 16.1.2 Copies of the articles of organization and the operating agreement for Developer are attached hereto as Exhibit "G" (the "Organizational Documents"). The organizational chart of Developer and a list of members of Developer is attached hereto as Exhibit "H" and made a part hereof (the "Organizational Chart"). 16.1.3 Developer' s execution, delivery and performance of this Agreement has been duly authorized by all necessary company actions and does not and shall not conflict with or constitute a default under any indenture, agreement or instrument to which it is a party or by which it may be bound or affected. 16.1.4 This Agreement constitutes the valid and binding obligation of Developer, enforceable against Developer and its successors and assigns, in accordance with its respective terms, subject to bankruptcy, insolvency and other similar laws affecting the rights of creditors generally. 16.2 Survival of Representations. All of the representations of the Developer set forth in this Agreement shall be true upon the execution of this Agreement, shall be deemed to be repeated and as of the Closing Date and shall be true as of the Closing Date. All of the representations, warranties and agreements of the Developer set forth in this Agreement shall survive the Closing for a period of two (2) years.. 17. DEFAULT. 17.1 Developer Failure to Perform. 17.1.1 If the CRA Conditions Precedent have not been satisfied, deemed satisfied or waived on or before , , Developer shall be in default under this Agreement and the CRA may terminate this Agreement in which event the Escrow Agent shall 18 Packet Pg. 25 4.1.a deliver the Deposit to the CRA as liquidated damages and the parties will be relieved from any further obligations under this Agreement except for the obligations that expressly survive termination. 17.1.2 In the event the CRA becomes aware of any material misrepresentations by the Developer set forth in Section 16 of this Agreement prior to Closing, and the Developer fails to cure such breach within ten (10) days of its receipt of written notice from the CRA delivered pursuant to Section 20 hereof, the CRA, as its sole and exclusive remedy, may terminate this Agreement, in which event the Escrow Agent shall deliver the Deposit to the CRA as liquidated damages and the parties shall be released from all further obligations under this Agreement except for the obligations that expressly survive termination. 17.1.3 In the event the Developer breaches any other terms and provisions of this Agreement not addressed in Sections 17.1.1 or 19.1.2, which is not cured within thirty (30) days of written notice of default from the CRA delivered pursuant to Section 20 below, the CRA may pursue all remedies available at law or in equity, including specific performance, as a result of such breach. 17.2 In the event of a default by the CRA under this Agreement (other than an intentional default) which is not cured within ten (10) days of written notice from Developer, without any default on the part of Developer, Developer, as its sole and exclusive remedy, shall be entitled to (i) terminate this Agreement in which event the Escrow Agent shall promptly return the Deposit to Developer, whereupon the parties shall be released from all further obligations under this Agreement except for the obligations that expressly survive the termination, or (ii) sue for specific performance to enforce the terms of this Agreement. Developer waives any other remedies it may have against the CRA at law or in equity as a result of a breach of this Agreement except if the CRA conveys the Property to another party prior to the termination of this Agreement, in which event the Developer may pursue all remedies available at law or in equity as a result of such breach as a result of the remedy of specific performance not being available. 18. BROKERS. The parties each represent and warrant to the other that there are no real estate broker(s), salesman (salesmen) or finder(s) involved in this transaction. If a claim for commissions in connection with this transaction is made by any broker, salesman or finder claiming to have dealt through or on behalf of one of the parties hereto ("Indemnitor"), Indemnitor shall indemnify, defend and hold harmless the other party hereunder ("Indemnitee"), and Indemnitee's officers, directors, agents and representatives, from and against all liabilities, damages, claims, costs, fees and expenses whatsoever (including reasonable attorney's fees and court costs at trial and all appellate levels) with respect to said claim for commissions. Notwithstanding anything to the contrary contained in this Agreement, the provisions of this Paragraph shall survive the Closing. 19. ASSIGNABILITY. Prior to Completion, this Agreement may not be assigned without the approval of the CRA, which approval may be granted or withheld by the CRA, in its sole discretion. After Completion, the Developer may assign this Agreement without the consent of the CRA. Notwithstanding the foregoing, Developer may collaterally assign its interest in this Agreement to a lender in connection with financing for the Project. 19 Packet Pg. 26 4.1.a 20. NOTICES. Any notices required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been given if delivered by hand or mailed by certified or registered mail, return receipt requested, in a postage prepaid envelope, and addressed as follows: If to Developer: With a copy to: If to CRA: SOUTHEAST OVERTOWN / PARK WEST COMMUNITY REDEVELOPMENT AGENCY Attention: Clarence E. Woods, III., Executive Director 819 NW 2nd Avenue 3rd Floor Miami, FL 33136 Fax: 305-679-6836 With a copy to: William R. Bloom, Esq. Holland & Knight, LLP Suite 3300 701 Brickell Avenue Miami, FL 33131 Fax: 305-789-7799 And with a copy to: Staff Counsel Southeast Overtown/Park West Community Redevelopment Agency 1490 NW Third Avenue Suite 105 Miami, FL 33136 Fax: 305-679-6836 20 Packet Pg. 27 4.1.a Notices hand delivered shall be deemed given on the date of delivery or the date delivery is refused and notices mailed in accordance with the foregoing, shall be deemed delivered upon the date the return receipt is executed or the date delivery is refused. 21. CHALLENGES. Developer acknowledges and agrees that the CRA shall have no liability whatsoever to Developer in connection with any challenge by a third party to the CRA's right to enter into this Agreement and the transaction contemplated by this Agreement and Developer hereby forever waives and releases the CRA from any liability whatsoever, now or hereafter arising, in connection with any such challenge by a third party and covenants and agrees not to initiate any legal proceedings against the CRA in connection with any such challenges to this Agreement by any third parties; provided, however, that nothing contained in this Agreement, is, nor shall it be deemed, a limitation or waiver of Developer's rights (a) as to any fraud, misrepresentation, other illegal, or tortious acts committed by the CRA, (b) to comply with applicable law, or (c) to enforce any rights or remedies pursuant to this Agreement. 22. REAL ESTATE TAXES. It is the intention of the CRA and the Developer that upon conveyance of the Property to the Developer that the Project shall be fully taxable for the purposes of ad valorem real estate taxes to the extent payable by the land owners within the City of Miami and that the Developer and its successors or assigns not take advantage of any tax exemptions which may allow the Developer or its successors or assigns not to be required to pay ad valorem real estate taxes with respect to the Project. In the event for any reason the Project or any portion thereof is not subject to ad valorem real estate taxes that would otherwise be payable by a land owner in the City of Miami as a result of an exemption, then the Developer shall pay to the CRA a payment in lieu of such taxes (a "PILOT") on or before December 31 of each year in the amount of ad valorem real estate taxes that would have been due with respect to the Project or any portion thereof if the Project had not been exempt in whole or in part from the payment of ad valorem real estate taxes. 22.1 The obligation of the Developer to make the PILOT shall constitute a covenant running with the Property and shall constitute a first lien on the Property senior to all other liens and encumbrances and shall be binding upon the Developer and its successors and assigns through end of the existence of the CRA. 23. MISCELLANEOUS. 23.1 This Agreement shall be construed and governed in accordance with the laws of the State of Florida. Venue shall be in Miami -Dade County, Florida. All of the parties to this Agreement have participated fully in the negotiation and preparation hereof, and, accordingly, this Agreement shall not be more strictly construed against any one of the parties hereto. 23.2 In the event any term or provision of this Agreement is determined by appropriate judicial authority to be illegal or otherwise invalid, such provision shall be given its nearest legal meaning or be construed as deleted as such authority determines, and the remainder of this Agreement shall be construed to be in full force and effect. 21 Packet Pg. 28 4.1.a 23.3 In the event of any litigation between the parties under this Agreement, the prevailing party shall be entitled to reasonable attorney's fees and court costs at all trial and appellate levels. 23.4 In construing this Agreement, the singular shall be held to include the plural, the plural shall be held to include the singular, the use of any gender shall be held to include every other and all genders, and captions and Paragraph headings shall be disregarded. 23.5 All of the exhibits attached to this Agreement are incorporated in, and made a part of, this Agreement. 23.6 Time shall be of the essence for each and every provision of this Agreement. 23.7 This Agreement may not be recorded in the Public Records of Miami -Dade County. 23.8 The "Effective Date" shall mean the date this Agreement is last executed by Developer and the CRA. 23.9 Developer acknowledges and agrees that the Developer shall not be entitled to any tax increment funds generated by the Project. Developer waives any claims regarding the tax increment funds generated by the Project. 23.10 The term "day" shall be understood to refer to a calendar day, unless expressly provided otherwise to refer to a "business" day, which, when used, refers to a day other than a Saturday or Sunday upon which national banks are open for business in Miami -Dade County, Florida. 24. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement and understanding between the parties with respect to the subject matter hereof and there are no other agreements, representations or warranties other than as set forth herein. This Agreement may not be changed, altered or modified except by an instrument in writing signed by the party against whom enforcement of such change would be sought. This Agreement shall be binding upon the parties hereto and their respective successors and permitted assigns. 25. ESCROW AGENT. The Deposit shall be held by Escrow Agent in trust, on the terms hereinafter set forth: 25.1 The Escrow Agent shall deliver the Deposit in accordance with the terms of this Agreement. 25.2 It is agreed that the duties of the Escrow Agent are only as herein specifically provided and purely ministerial in nature, and the Escrow Agent shall incur no liability whatsoever except for willful misconduct or gross negligence, as long as the Escrow Agent has acted in good faith. The CRA and the Developer each release the Escrow Agent from any act done or omitted to be done by the Escrow Agent in good faith in the performance of its duties hereunder. 22 Packet Pg. 29 4.1.a 25.3 The Escrow Agent is acting as stakeholder only with respect to the Deposit. If there is any valid dispute as to whether the Escrow Agent is obligated to deliver the Deposit, the Escrow Agent shall not make any delivery, but in such event, the Escrow Agent shall hold same until receipt by it of an authorization in writing, signed by all parties having interest in such dispute, directing the disposition of same; or in the absence of such authorization, the Escrow Agent shall hold the Deposit until final determination of the rights of the parties in the appropriate proceedings. If such written authorization is not given or proceedings for such determination are not begun within thirty (30) days of written notice to the Escrow Agent of the existence of a dispute with respect to the Deposit and diligently continued, the Escrow Agent may bring an appropriate action or proceeding to interplead the Deposit. The Escrow Agent shall be reimbursed for all costs and expenses of such action or proceeding, including, without limitation, reasonable attorneys' fees and disbursements, by the party determined not to be entitled to the Deposit. Upon making delivery of the Deposit, the Escrow Agent shall have no further liability unless such delivery constituted willful misconduct or gross negligence. The Developer acknowledges that the Escrow Agent is counsel to the CRA, and can represent the CRA hereunder in the event of any dispute hereunder, concerning the Deposit, and Developer waives any right to object to same. Agreement. 25.4 The provisions of this Section 25 shall survive the termination of this [SIGNATURE PAGES TO FOLLOW] 23 Packet Pg. 30 4.1.a IN WITNESS hereof the parties have executed this Agreement as of the date first above written. DEVELOPER: By: Name: Title: CRA: SOUTHEAST OVERTOWN / PARK WEST COMMUNITY REDEVELOPMENT AGENCY By: Clarence E. Woods, III., Executive Director ATTEST: Clerk of the Board Approved for legal sufficiency By: William R. Bloom, Esq. Holland & Knight LLP, Special Counsel to CRA 24 Packet Pg. 31 4.1.a Schedule of Exhibits A. Legal Description B. Insurance Requirements C. Permitted Exceptions D. Conceptual Documents E. Ground Lease F. Guaranty of Completion G. Organizational Documents of Developer H. Organizational Chart of Developer 25 Packet Pg. 32 4.1.a EXHIBIT A Legal Description Packet Pg. 33 4.1.a EXHIBIT B INSURANCE REQUIREMENTS I. Commercial General Liability (Primary & Non Contributory) A. Limits of Liability Bodily Injury and Property Damage Liability Each Occurrence $1,000,000 General Aggregate Limit $ 2,000,000 Products/Completed Operations Aggregate $ 2,000,000 Personal and Advertising Injury $1,000,000 B. Coverage/Endorsements Required City of Miami and Southeast Overtown/Park West Community Redevelopment Agency as an Additional Insured (CG 2010 11/85 or its equivalent) Contractual Liability Premises & Operations Liability Explosion, Collapse and Underground Hazard II. Business Automobile Liability A. Limits of Liability Bodily Injury and Property Damage Liability Combined Single Limit Any Auto/Owned Autos/Scheduled Including Hired, Borrowed or Non -Owned Autos Any One Accident $ 1,000,000 B. Endorsements Required City of Miami & Southeast Overtown/Park West Community Redevelopment Agency listed as an additional insured III. Worker's Compensation Limits of Liability Statutory -State of Florida Waiver of subrogation Employer's Liability A. Limits of Liability $1,000,000 for bodily injury caused by an accident, each accident. $1,000,000 for bodily injury caused by disease, each employee 27 #49970406_v5 Packet Pg. 34 4.1.a $1,000,000 for bodily injury caused by disease, policy limit IV. Umbrella Policy/Excess Liability (Excess Follow Form) A. Limits of Liability Bodily Injury and Property Damage Liability Each Occurrence $3,000,000 Aggregate $3,000,000 B. Endorsements Required City of Miami & Southeast Overtown/Park West Community Redevelopment Agency listed as an additional insured V. Owner's & Contractor's Protective Liability Required only in the event that the CGL policy is not provided on a "per project" basis. Limits of Liability Each Occurrence $1,000,000 Policy Aggregate $1,000,000 City of Miami and Southeast Overtown/Park West Community Redevelopment Agency as Named Insured VI. Builders' Risk Causes of Loss: Completed Value Builders Risk Form Valuation: Replacement Cost Deductible: $25,000 All other Perils 5% maximum on Wind City of Miami and Southeast Overtown/Park West Community Redevelopment Agency listed as an Additional Insured A. Limit/Value at Location or Site - Full Replacement B. Coverage Extensions as provided by insurer The above policies shall provide the City of Miami and Southeast Overtown/Park West Community Redevelopment Agency with written notice of cancellation or material change from the insurer not less than (30) days prior to any such cancellation or material change, or in accordance to policy provisions. Companies authorized to do business in the State of Florida, with the following qualifications, shall issue all insurance policies required above: 28 #49970406_v5 Packet Pg. 35 4.1.a The company must be rated no less than "A-" as to management, and no less than "Class V" as to Financial Strength, by the latest edition of Best's Insurance Guide, published by A.M. Best Company, Oldwick, New Jersey, or its equivalent. All policies and /or certificates of insurance are subject to review and verification by Risk Management prior to insurance approval. 29 #49970406_v5 Packet Pg. 36 4.1.a EXHIBIT C Additional Permitted Exceptions 30 #49970406_v5 Packet Pg. 37 4.1.a EXHIBIT D Conceptual Design Documents 31 #49970406_v5 Packet Pg. 38 4.1.a EXHIBIT E GROUND LEASE Developer and the Executive Director shall finalize the terms of the Ground Lease incorporating the terms of this Agreement and the Proposal prior to the end of the Approval Period. If Developer and the Executive Director cannot agree on the terms of the Ground Lease prior to the end of the Approval Period, this Agreement will automatically terminate and the Deposit shall be returned to the Developer and the parties released from all obligations under the Agreement except for the obligations that expressly survive termination. If the Developer includes in the Proposal that Developer is acquiring fee simple title to the Property the Developer and the Executive Director shall finalize the form of deed an the applicable restrictions and reverter provision which shall apply prior to the end of the Approval Period. If Developer and the Executive Director cannot agree on the terms of the Ground Lease prior to the end of the Approval Period, this Agreement will automatically terminate and the Deposit shall be returned to the Developer and the parties released from all obligations under the Agreement except for the obligations that expressly survive termination. 32 #49970406_v5 Packet Pg. 39 4.1.a EXHIBIT F GUARANTY OF COMPLETION THIS GUARANTY OF COMPLETION (the "Guaranty") is executed and delivered, jointly and severally, as of the day of , 20 by (the "Guarantor") in favor of SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, a public agency and body corporate created pursuant to Section 163.356, Florida Statutes (the "CRA"). WITNESSETH: A. On or about the date hereof, the CRA conveyed to (the "Developer"), the property described on Exhibit "A" attached hereto and made a part hereof (the "Property"), pursuant to the terms and conditions of that Development Agreement dated as of , 2017, by and between Developer and the CRA as same has been and/or may be amended from time to time (the "Development Agreement"). All terms not otherwise defined herein shall have the meanings set forth in the Development Agreement. B. Guarantor will benefit from the transaction contemplated by the Development Agreement (the "Transaction"). C. The CRA would not close on the Transaction pursuant to the Development Agreement unless Guarantor agreed to unconditionally guaranty completion of the Project in accordance with the Plans and the Project Schedule. NOW, THEREFORE, in consideration of the CRA's conveying the Property to the Developer pursuant to the Development Agreement, which it is acknowledged and agreed that CRA is doing in full reliance hereon, and as an inducement to CRA to do so, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Guarantor hereby irrevocably covenants, warrants and agrees as follows: 1. That notwithstanding any provision in the Development Agreement or in any other agreement or document executed in connection therewith, Guarantor hereby unconditionally and irrevocably guarantees to CRA the following (collectively, the "Guaranties Obligations"): a. One hundred percent (100%) lien free completion of the Project in accordance with the Development Agreement and substantially in accordance with the Plans, as evidenced by (i) the issuance of a final certificate of occupancy (or the equivalent) by the proper governmental authority as to the Project to be constructed on the Property; and (ii) the delivery by the design/supervising architect of a certificate of completion of the Project substantially in accordance with the Plans approved by CRA. Completion of the Project shall include, but not be limited to completion of grading, landscaping, all necessary and appropriate utilities, streets, sidewalks, drainage and all on -site and off -site improvements, all as reflected on the Plans; and b. Full and punctual payment and discharge of all costs and expenses of any nature relating to the construction and the completion of the Project as the same become due and 33 #49970406_v5 Packet Pg. 40 4.1.a payable, and payment and discharge of all claims and demands for labor and/or materials used in the construction and the completion of the Project substantially in accordance with the Plans which are or, if unpaid, may become liens, claims or encumbrances on the Property. c. To perform, complete and pay for the construction of the Project within the time period allotted therefor in the Project Schedule (as same may be amended, modified and/or extended in accordance with the terms of the Development Agreement or pursuant to a written agreement by the CRA and the Developer) and to pay all costs and expenses of said construction and completion of the Project in accordance with the Plans and all costs associated therewith. d. In the event any mechanic's or materialman's liens should be filed, or should attach, with respect to the Property, to cause the removal of such liens or the posting of security against the consequences of their possible foreclosure within thirty (30) days of Guarantor having actual knowledge of the filing of such liens; e. To pay the costs and fees of all architects and engineers employed by Developer in connection with the Project; and f. To pay within fifteen (15) days of written demand all of CRA's costs and expenses, including reasonable attorneys' fees and costs, incurred in the enforcement of this Guaranty, subject to the terms of Section 13 below. 2. Guarantor hereby acknowledges and consents to the Plans, the disbursement schedule of the Lender, if any, and the other terms and conditions of the Development Agreement and related documents governing the construction of the Project. 3. Guarantor hereby waives any and all requirements that CRA institute any action or proceeding, at law or in equity, against the Developer or against any other party or parties with respect to the Development Agreement or any related document as a condition precedent to bringing any action against Guarantor upon this Guaranty. All remedies afforded to CRA by reason of this Guaranty are separate and cumulative remedies and no one of such remedies, whether waived by CRA or not, shall be deemed to be an exclusion of any one of the other remedies available to CRA and shall not in any way limit or prejudice any other legal or equitable remedy which CRA may have. 4. Guarantor further agrees that Guarantor shall not be released from any obligations hereunder by reason of any amendment to or alteration of the terms and conditions of the Development Agreement or of any related document, nor shall Guarantor's obligations hereunder be altered or impaired by any delay by CRA in enforcing the terms and obligations of the Development Agreement by any waiver of any default by CRA under the Development Agreement or any related document, it being the intention that Guarantor shall remain fully liable hereunder, notwithstanding any such event. 5. No extension of the time of payment or performance of any obligation hereunder guaranteed, or the renewal thereof, nor delay in the enforcement thereof or of this Guaranty, or the taking, exchanging, surrender or release of other security therefor or the release or compromise of any liability of any party shall affect the liability of or in any manner release the Guarantor, and 34 #49970406_v5 Packet Pg. 41 4.1.a this Guaranty shall be a continuing one and remain in full force and effect until each and every obligation hereby guaranteed shall have been fully paid and performed. 6. That until the Project is fully erected, equipped and completed as aforesaid, and until each and all of the terms, covenants and conditions of this Guaranty are fully performed, Guarantor shall not be released by any act or thing which might, but for this provision of this Guaranty, be deemed a legal or equitable discharge of Guarantor, or by reason of any waiver, extension, modification, forbearance or delay by CRA, and Guarantor hereby expressly waives and surrenders any defense to Guarantor's liability hereunder based upon any of the foregoing acts, things, agreements or waivers. Guarantor shall be automatically released from this Guaranty upon the satisfaction of the Guarantied Obligations, without any further need for CRA to execute a release instrument (though, CRA shall promptly deliver the original of this Guaranty to Guarantor). 7. Except as otherwise set forth herein, CRA shall not be required to give any notice to Guarantor hereunder in order to preserve or enforce CRA's rights hereunder (including, without limitation, notice of any default under or amendment to the Development Agreement), any such notice being expressly waived by Guarantor. 8. This Guaranty is assignable by CRA, but only upon and to the assignee of the CRA's rights under the Development Agreement. This Guaranty shall bind the heirs, devisees, personal representatives, successors and assigns of the parties hereto and shall inure to the benefit of any permitted successor or assign of CRA. 9. This Guaranty shall, in all respects, be governed by and construed in accordance with the laws of the State of Florida, including all matters of construction, validity and performance. 10. In the event that any provision of this Guaranty is held to be void or unenforceable, all other provisions shall remain unaffected and be enforceable. 11. In the event of any litigation between the parties under this Guaranty, the prevailing party shall be entitled to reasonable attorney's fees and court costs at all trial and appellate levels and in any bankruptcy proceedings. 12. Except as otherwise set forth herein, Guarantor hereby waives notice of acceptance of this Guaranty by CRA and of presentment, demand, protest, notice of protest and of dishonor, notice of default and all other notices relative to this Guaranty of every kind and description now or hereafter provided by any agreement between Developer and CRA or any statute or rule of law, except only any notices expressly required hereunder. 13. Any notice, demand or request by CRA to Guarantor or from Guarantor to CRA shall be in writing and shall be deemed to have been duly given or made if either delivered personally or if mailed by certified or registered mail, addressed to the address set forth below (or at the correct address of any assignee of CRA), except that mailed written notices shall not be deemed given or served until three days after the date of mailing thereof: a. If to CRA: 35 #49970406_v5 Packet Pg. 42 4.1.a SOUTHEAST OVERTOWN / PARK WEST COMMUNITY REDEVELOPMENT AGENCY Attention: Clarence E. Woods, III, Executive Director 1490 NW Third Avenue Suite 105 Miami, FL 33136 Fax: 305-679-6836 b. If to Guarantor: and EACH OF CRA (BY REASON OF ITS ACCEPTANCE OF THIS GUARANTY) AND GUARANTOR HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES THE RIGHTS EACH MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS GUARANTY AND ANY DOCUMENT CONTEMPLATED TO BE EXECUTED IN CONJUNCTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN), OR ACTION OF GUARANTOR, DEVELOPER OR CRA. IN WITNESS WHEREOF, Guarantor has executed this Guaranty as of the day and year first above written. WITNESSES: Print Name: By: Name: Title: Print Name: STATE OF FLORIDA ) ): ss. COUNTY OF MIAMI-DADE ) 36 #49970406_v5 Packet Pg. 43 4.1.a The foregoing instrument was acknowledged before me this day of , 201, by , as of , a , on behalf of He is personally known to me or has produced as identification. My commission expires: My commission number is: 37 Notary Public Name of Notary Printed: (NOTARY SEAL) #49970406_v5 Packet Pg. 44 4.1.a EXHIBIT G Organization Documents of Developer 38 #49970406_v5 Packet Pg. 45 4.1.a EXHIBIT H Organizational Chart of Developer 39 #49970406_v5 Packet Pg. 46 4.1.b KEON HARDEMON Board Chair REQUEST FOR PROPOSALS CLARENCE E. WOODS, III Executive Director SCATTERED PARCEL DEVELOPMENT OPPORTUNITY: DEVELOPMENT OF 1611 NW 3rd AVENUE & REAR PARKING LOT AT 1490 NW 3rd AVENUE RFP NUMBER 17-01 ISSUE DATE Wednesday, February 15, 2017 NON MANDATORY PRE -SUBMITTAL MEETING Tuesday, March 7, 2017 AT 10:00 a.m. SUBMISSION DATE AND TIME Monday, March 20, 2017 at 11:00 a.m. at: The Office of the City Clerk City of Miami 3500 Pan American Drive Miami, Florida 33133 DESIGNATED CONTACT Brian Zeltsman, RA Director of Architecture and Development Southeast Overtown/Park West Community Redevelopment Agency 819 NW 2nd Ave, 3rd Floor Miami, Florida 33136 Phone: 305-679-6827 Fax: 305-679-6835 Email: bzeltsman@miamigov.com Website: http://www.miamicra.com/seopwcra/pages/procurement.html Attachment: File # 1997 Backup (1997 : Resolution Accepting Selection of Top Ranked Proposer to RFP 17-01) 1 Packet Pg. 47 4.1.b KEON HARDEMON Board Chair CLARENCE E. WOODS, III Executive Director TABLE OF CONTENTS Public Notice Pg. 3 SECTION 1 Introduction to Request for Proposals Pg. 4 SECTION 2 RFP General Conditions Pg. 5 SECTION 3 Submission Process Pg. 8 SECTION 4 Evaluation / Selection Process Pg. 11 2 Attachment: File # 1997 Backup (1997 : Resolution Accepting Selection of Top Ranked Proposer to RFP 17-01) Packet Pg. 48 4.1.b KEON HARDEMON Board Chair PUBLIC NOTICE SOUTHEAST OVERTOWN / PARK WEST COMMUNITY REDEVELOPMENT AGENCY REQUEST FOR PROPOSAL CLARENCE E. WOODS, III Executive Director SCATTERED PARCEL DEVELOPMENT OPPORTUNITY: DEVELOPMENT AND SALE OF 1611 NW 3RD AVENUE & REAR PARKING LOT AT 1490 NW 3RD AVENUE RFP NO: 17-01 The Southeast Overtown/Park West Community Redevelopment Agency (the "CRA") is seeking proposals for the development and sale of 1611 NW 3rd Avenue & the rear parking lot at 1490 NW 3rd Avenue, Miami Florida 33136. The CRA is declaring its intent to dispose of its interest in the referenced above property and is seeking proposals from private developers or any persons interested in undertaking to develop the property. Completed Responses must be delivered to the City of Miami - City Clerk's Office, 3500 Pan American Drive, Miami, Florida 33133 no later than 11:00 am on Monday, March 20, 2017. Any Responses received after the above date and time or delivered to a different address or location will not be considered. RFP documents may be obtained on or after Wednesday, February 15, 2017, from the CRA offices, 819 NW 2nd Ave, 3rd Floor, Miami, Florida 33136, or from the CRA webpage: http://www.miamicra.com/seopwcra/pages/procurement.html A non -mandatory pre -submittal meeting will be held at the CRA offices on Tuesday, March 7, 2017 at 10:00 am. It is the sole responsibility of all firms to ensure the receipt of any addendum and it is recommended that firms periodically check the CRA webpage for updates and the issuance of addenda. The CRA reserves the right to accept any Responses deemed to be in the best interest of the CRA, to waive any minor irregularities, omissions, and/or technicalities in any Responses, or to reject any or all Responses and to re -advertise for new Responses as deemed necessary by the CRA without notice. For more information please contact the SEOPW CRA office at (305) 679-6800. 3 Attachment: File # 1997 Backup (1997 : Resolution Accepting Selection of Top Ranked Proposer to RFP 17-01) Packet Pg. 49 4.1.b KEON HARDEMON Board Chair SECTION 1 1.0 INTRODUCTION TO REQUEST FOR PROPOSALS: CLARENCE E. WOODS, III Executive Director 1.1 Invitation Thank you for your interest in this Request for Proposals ("RFP"). The CRA invites proposals from experienced and eligible affordable housing developers wishing to develop, construct, and operate affordable multifamily housing on two (2) vacant parcels of land owned by the Southeast Overtown/Park West Community Redevelopment Agency. Prospective respondents are advised to read this information carefully prior to submitting a proposal. 1.2 Description of Properties See description below and Exhibit "A" for detailed property descriptions. Folio: 01-3136-021-1170 Address: 1611 NW 3rd Avenue, Miami, Florida 33136 Zoning: T5-O Current Land Use: Vacant lot Total Property Size: 16,320 sq. ft. "AS -IS": The property is offered in its "AS IS, WITH ALL FAULTS" condition. Folio: 01-3136-064-0010 Address: Rear parking lot at 1490 NW 3rd Avenue, Miami, Florida 33136 Zoning: T6-8-O Current Land Use: Commercial/Surface Parking Lot Total Property Size: 93,900 sq. ft. (subject area: approximately 11,630 sq. ft.) "AS -IS": The property is offered in its "AS IS, WITH ALL FAULTS" condition. 4 Attachment: File # 1997 Backup (1997 : Resolution Accepting Selection of Top Ranked Proposer to RFP 17-01) Packet Pg. 50 4.1.b KEON HARDEMON Board Chair SECTION 2 2.0: RFP GENERAL CONDITIONS CLARENCE E. WOODS, III Executive Director The following provisions shall be applicable to this RFP and be made a part of the Proposer' s response. These provisions, as well as the contents of the successful proposal, as accepted by the CRA, will become part of any lease awarded as a result of this RFP. 2.1 Submission of Responses Sealed written Responses must be received no later than the date, time, and at the location indicated in the Public Notice and on the cover of this RFP in order to be responsive. Faxed documents are not acceptable. Proposer(s) shall submit one (1) printed original, four (4) printed copies, and one (1) copy submitted electronically on a USB drive storage device, CD, or DVD. 2.2 Submittal Instructions Careful attention must be given to all requested items contained in this RFP. Proposer(s) are invited to submit Responses in accordance with the requirements of this RFP. PLEASE READ THE ENTIRE SOLICITATION BEFORE SUBMITTING A RESPONSE. 2.3 Award of a Lease Agreement or Sale and Purchase Agreement The CRA reserves the right to negotiate a Lease Agreement or a Sales and Purchase Agreement, collectively called ("Agreement") with the Successful Proposer(s) for the properties identified above, to be approved by the CRA Board of Commissioners, based upon the qualification requirements reflected herein. The CRA reserves the right to execute or not execute, as applicable, any Agreement with the Successful Proposer(s) when it is determined to be in the CRA's best interests. 2.4 Additional Information or Clarification Request for additional information or clarifications must be made in writing to the CRA at the location listed on the cover page of this RFP. Proposer(s) may also fax or email their requests for additional information or clarifications. Facsimiles must have a cover sheet that includes the Proposer(s) name and the RFP number. 2.5 Changes / Alterations The Proposer(s) may change or withdraw a Response at any time prior to the Response Submission Deadline. All changes or withdrawals shall be in writing. Oral / verbal changes, modifications, or withdrawals will not be recognized and will be disregarded. Written modifications will not be accepted after the Response Submission Deadline. Proposer(s) shall not assign or otherwise transfer their Response to another individual or entity. 2.6 Sub -consultants 5 Attachment: File # 1997 Backup (1997 : Resolution Accepting Selection of Top Ranked Proposer to RFP 17-01) Packet Pg. 51 4.1.b KEON HARDEMON Board Chair CLARENCE E. WOODS, III Executive Director A Sub -consultant is an individual or firm contracted by the Proposer or Proposer's firm to assist in the performance of services required under this RFP. A sub -consultant shall be paid through Proposer or Proposer's firm and not paid directly by the CRA. Sub -consultants are allowed by the CRA in the performance of the services delineated within this RFP. The Proposer must clearly reflect in its Response the major Sub -consultants to be utilized in the performance of required services. The CRA retains the right to accept or reject any Sub -consultant proposed in the Response of Successful Proposer(s) or proposed prior to Agreement execution. Any and all liabilities regarding the use of a Sub -consultant must be maintained in good standing and approved by the CRA throughout the duration of the Agreement. Neither the Successful Proposer(s) nor any of its Sub -consultants are considered to be employees or agents of the CRA. Failure to list all major Sub -consultants and provide the required information may disqualify any proposed Sub -consultants from performing work under this RFP. Proposer(s) shall include in their Response the requested Sub -consultants information and include all relevant information and include all relevant information required of the Proposer(s). Proposer(s) are expressly prohibited from substituting Sub -consultants contained in the Response. Such substitution, for any reason, after receipt of the Response, and prior to award by the CRA, shall result in disqualification of the Response from further consideration for award. 2.7 Discrepancies, Errors, and Omissions Any discrepancies, errors, or ambiguities in the RFP should be immediately reported in writing to the CRA. Should it be necessary, the CRA will issue an addendum clarifying such conflicts or ambiguities. 2.8 Disqualification The CRA reserves the right to disqualify Responses before or after the submission date, upon evidence of collusion with intent to defraud or other illegal practices on the part of the Proposer(s). Any Response submitted by a Proposer(s) who is in arrears, e.g., money owed or otherwise in debt by failing to deliver goods or services to the CRA (including any agency or department of the City of Miami) or where the CRA has an open claim against a Proposer(s) for monies owed the CRA at the time of Proposal submission, will be disqualified and shall not be considered for award. Any Proposer(s) who submits in its Response any information that is determined by the CRA, in its sole opinion, to be substantially inaccurate, misleading, exaggerated, or incorrect, shall be disqualified from consideration the Agreement. 6 Attachment: File # 1997 Backup (1997 : Resolution Accepting Selection of Top Ranked Proposer to RFP 17-01) Packet Pg. 52 4.1.b KEON HARDEMON Board Chair CLARENCE E. WOODS, III Executive Director 2.9 Acceptance / Rejection The CRA reserves the right to accept or reject any or all Responses or to select the Proposer(s) that, in the opinion of the CRA, is/are in its best interest(s). The CRA also reserves the right to reject any Proposer(s) who has previously failed to properly perform under the terms and conditions of a contract, to deliver on time any contracts with the CRA, and who is not in a position to perform the requirements defined in this RFP. Further, the CRA may waive informalities, technicalities, minor irregularities, and /or request new Responses for the services specified in this RFP and may, at its discretion, withdraw and or re -advertise the RFP. 2.10 Proposer(s) Expenditures The Proposer(s) understand and agree that any expenditure they make in preparation and submittal of Responses or in the performance of any services requested by the CRA in connection with the Responses to this RFP are exclusively at the expense of the Proposer(s). The CRA shall not pay or reimburse any expenditure or any other expense incurred by any Proposer(s) in preparation of a Response and/or anticipation of a contract award and/or to maintain the approved status of the Successful Proposer(s) if an Agreement is awarded, and/or administrative or judicial proceedings resulting from the solicitation process. 2.11 Legal Requirements This RFP is subject to all applicable federal, state, and local laws, codes, ordinances, rules, and regulations that in any manner affect any all of the services covered herein. Lack of knowledge by the Proposer shall in no way be cause for relief from responsibility. 2.12 Public Records Proposer(s) understand that the public shall have access, at all reasonable times, to all documents and information pertaining to CRA contracts, subject to the provisions of Chapter 119, Florida Statutes, and agrees to allow access by the CRA and the public to all documents subject to disclosure under applicable law. Proposer' s failure or refusal to comply with the provision of this section shall result in the immediate cancellation of the Agreement (if awarded) by the CRA. 7 Attachment: File # 1997 Backup (1997 : Resolution Accepting Selection of Top Ranked Proposer to RFP 17-01) Packet Pg. 53 4.1.b KEON HARDEMON Board Chair SECTION 3 3.0: SUBMISSION PROCESS CLARENCE E. WOODS, III Executive Director Proposer(s) shall submit one (1) printed original, four (4) printed copies, and one (1) copy submitted electronically on a USB drive storage device, CD or DVD. Said proposal must be submitted in a labeled and sealed envelope and delivered to the following address: CITY OF MIAMI The Office of the City Clerk 3500 Pan American Drive Miami, Florida 33133 Responses must be clearly marked on the outside of the package referencing: RFP NO. 17-01— DEVELOPMENT OF 1611 NW 3rd AVENUE & REAR PARKING LOT AT 1490 NW 3''d AVENUE Responses are due no later than March 20, 2017 at 11:00 a.m. Submissions will not be accepted at the CRA's office, or any other location. Responses received after the date and time stated in the RFP will not be accepted and shall be returned unopened to the Proposer(s). 3.1 Submittal Format Responses are to be prepared and submitted in the following format. All submittals must be on 8 1/2" x 11" paper, neatly typed on one side only, with normal margins, and spacing. Hand written responses will not be accepted. 1. Cover Page Show the Proposer(s) name, address, telephone number, name of contact person, date, and the proposal name and RFP number. 2. Table of Contents Include a clear identification of the material by section and by page number. 3. Letter of Transmittal Provide a letter which provides a brief history of the Proposer's entity, summarizes the key points of the response and is signed by an officer or employee of the respondents firm who is authorized to act on behalf of the entity. Please limit your transmittal letter to two (2) pages. 8 Attachment: File # 1997 Backup (1997 : Resolution Accepting Selection of Top Ranked Proposer to RFP 17-01) Packet Pg. 54 4.1.b KEON HARDEMON Board Chair CLARENCE E. WOODS, III Executive Director 4. Proposed Development Concept and Financing Provide your proposed affordable housing development concepts for the properties described herein. The proposed developments shall provide long-term, affordable housing to a mix of income brackets and services to residents. The development concepts must incorporate the following: a. Provide a general description of each project, highlighting bedroom and income eligibility mixes and affordability; and b. Describe how the Prosper intends to successfully manage the properties; and c. Describe services and amenities that may be offered to residents at each property; and d. Provide the financing structure for each project, including private and public contributions, if applicable; and e. Provide a proforma to include sources and uses of funds. All proposals must be consistent with the Southeast Overtown/Park West Community Redevelopment Agency Plan dated November 2004 by Dover Kohl & Partners as updated by the Final Update of May 2009 by the City of Miami Planning Department (ver 2.0) which is available at: http://www.miamicra.com/seopwcra/docs/2009_SEOPW_Redevelopment_Plan.pdf 5. Qualifications and Experience Provide a narrative statement describing all entities responsible for the development and management of each project, including the following: a. A description of each firm relevant to each proj ect's development, construction, and management. Include information on each firm's role in each project, and experience working together on previous projects. Also, note which firm will be the lead for each project; and b. Demonstrate the experience and ability to successfully complete the project at each property; and c. Identify key staff, including brief resumes that include length of time providing such services and contact information (including location, phone and e-mail address). The proposal should indicate each team member's responsibility for project tasks. 6. Financials Submit proof of your financial capacity to successfully complete each of the proposed projects. Please include your most recent reviewed financial statements including an audited balance sheet and income statement prepared by an independent Certified Public 9 Attachment: File # 1997 Backup (1997 : Resolution Accepting Selection of Top Ranked Proposer to RFP 17-01) Packet Pg. 55 4.1.b KEON HARDEMON Board Chair CLARENCE E. WOODS, III Executive Director Accountant ("CPA") in accordance with generally accepted accounting principles for the previous two (2) complete fiscal years, including disclosures and cash flow statements. 7. Current Developments & Comparable Projects List of current related or relevant affordable housing projects where the Proposer is either the owner and/or partner. Proposer must demonstrate that they have successfully completed a minimum of four (4) comparable projects as lead or master developer within the last fifteen (15) years. Please list the financial structure of each project including, but not limited to the public and private contributions. Include photographs of the developments discussed herein and other developments completed in the past which are relevant to the scope and scale of this project. 8. References Three (3) references of which at least one (1) shall be from a financial institution and the others preferably developmental references, all to include addresses, telephone numbers, and relationships to the Proposer(s). 10 Attachment: File # 1997 Backup (1997 : Resolution Accepting Selection of Top Ranked Proposer to RFP 17-01) Packet Pg. 56 4.1.b KEON HARDEMON Board Chair SECTION 4.0 4.0: EVALUATION / SELECTION PROCESS CLARENCE E. WOODS, III Executive Director Upon receipt of proposals, a selection committee to review the proposals and render recommendation shall be convened by the Executive Director. The selection committee shall be comprised of at least three (3) members, one of which must be an employee or agent of the CRA. Said members shall not have any interest in any of the proposals received and considered. Additionally, the identity of members of the selection committee shall remain undisclosed and confidential until such time the committee convenes to review the proposals. Such confidentiality is imposed to ensure selection committee members are not contacted by proposers in an effort to influence the member's consideration. Contact by a proposer of a committee member for the purpose of influencing the member's consideration shall result in the proposer being automatically disqualified from participating in the competitive process. The selection committee members shall rank the proposals considered. Within five (5) business days, the chairperson of the committee shall issue a written memorandum to the Executive Director reflecting the committee's rankings along with the individual members' scores. The CRA's Board of Commissioners shall have the final decision -making authority concerning the selection of a successful proposal for the disposition of CRA-owned real property or interest therein. The Board's consideration shall be made at a public meeting, as required by Section 286.011, Florida Statutes. The factors outlined below shall be applied to all eligible proposals. All references will be subject to appropriate evaluation. EVALUATION CRITERIA POINT VALUE Qualifications & Experience of Proposer(s) 30 Proposed Development Concept & Financial Feasibility 30 Current Developments & Comparable Projects 30 References 10 TOTAL POINTS 100 11 Attachment: File # 1997 Backup (1997 : Resolution Accepting Selection of Top Ranked Proposer to RFP 17-01) Packet Pg. 57 4.1.b KEON HARDEMON Board Chair CLARENCE E. WOODS, III Executive Director All available information on the referenced properties may be obtained from the CRA at 819 NW 2nd Ave, Miami, Florida 33136. For further information, please contact Brian Zeltsman, CRA Director of Architecture and Development at (305)679-6827 or bzeltsman@miamigov.com. All interested parties are encouraged to inspect each property. 12 Attachment: File # 1997 Backup (1997 : Resolution Accepting Selection of Top Ranked Proposer to RFP 17-01) Packet Pg. 58 Exhibit "A" 4.1.b Site #1: Folio: 01-3136-021-1170 Address: 1611 NW 3rd Avenue, Miami, Florida 33136 Zoning: T5-O Current Land Use: Vacant lot Total Property Size: 16,320 sq. ft. Site #2: Folio: 01-3136-064-0010 Address: Rear parking lot at 1490 NW 3rd Avenue, Miami, Florida 33136 Zoning: T6-8-O Current Land Use: Commercial/Surface Parking Lot Total Property Size: 93,900 sq. ft. (subject area: approximately 11,630 sq. ft.) NW,17th STREET Site #1 Site #2 Attachment: File # 1997 Backup (1997 : Resolution Accepting Selection of Top Ranked Proposer to RFP 17-01) Packet Pg. 59 4.2 SEOPW Board of Commissioners Meeting March 21, 2017 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Keon Hardemon Date: March 9, 2017 File: 1974 and Members of the CRA Board Subject: Resolution Authorizing Grant to Suited for Success, Inc From: Clarence E. Woods, a--) Executive Director Enclosures: File # 1974 Backup BACKGROUND: The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") authorizes a grant, in an amount not to exceed $112,000, to Suited for Success, Inc. ("SFS") to underwrite costs associated with the provision of training and other employment support services to job seekers from the Redevelopment Area. SFS offers career guidance, technology skills training, job -search support, and professional attire to at - risk women, men, and youth within the Redevelopment Area ("Services"). The organization strives to provide assistance for unemployed and under -employed adults and youth in the Overtown community by helping them gain professional skills that are necessary to find employment and accelerate their job search. The Board of Commissioners has previously supported SFS in the provision of Services on an annual basis, as authorized by Resolution Nos. CRA-R-10-0064, CRA-R-11-0054, CRA-R-12-0074, CRA-R-13- 0065, CRA-R-15-0003, and CRA-R-16-0022. SFS has requested assistance in continuing to provide its Services to job seekers from the Redevelopment Area for 2017. JUSTIFICATION: Section 2, Goals 4 and 6, at page 11, of the Southeast Overtown/Park West Community Redevelopment Agency Plan ("Plan") lists the "creati[on of] jobs within the community," as well as "improving the quality of life for residents" as stated redevelopment goals. Section 2, Principle 4, at page 14, of the Plan provides "that employment opportunities be made available to existing residents ..." as a stated redevelopment principle. FUNDING: $112,000 allocated from SEOPW Tax Increment Fund, entitled "Other Grants and Aids" Account No. 10050.920101.883000.0000.00000. Packet Pg. 60 4.2 AGENDA ITEM FINANCIAL INFORMATION FORM SEOPW CRA CRA Board Meeting Date: March 21, 2017 CRA Section: Brief description of CRA Agenda Item: Authorizing a grant, in an amount not to exceed $112,000 to Suited for Success, Inc. to underwrite costs associated with the provision of lob training and other employment support services to job seekers from the redevelopment area. Project Number (if applicable): YES, there are sufficient funds in Line Item: Account Code: 10050.920101.883000.0000.00000 Amount:$112,000.00 NO (Complete the following source of funds information): Amount budgeted in the line item: $ Balance in the line item: $ Amount needed in the line item: $ Sufficient funds will be transferred from the following line items: ACTION ACCOUNT NUMBER TOTAL Project No./Index/Minot Object From $ To $ From $ To $ Comments: Page 2 of 5 Packet Pg. 61 4.2 Approved by: —4f/,(7 CIarP : vdodds, Executive Director 3/14/2017 Approval: Miguel Valbntirrll, F iriardce Officer 3/14/2017 Page 3 of 5 Packet Pg. 62 4.2 Southeast Overtown/Park West Community Redevelopment Agency File Type: CRA Resolution Enactment Number: File Number: 1974 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING A GRANT, IN AN AMOUNT NOT TO EXCEED $112,000, TO SUITED FOR SUCCESS, INC. TO UNDERWRITE COSTS ASSOCIATED WITH THE PROVISION OF JOB TRAINING AND OTHER EMPLOYMENT SUPPORT SERVICES TO JOB SEEKERS FROM THE REDEVELOPMENT AREA; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; FUNDS TO BE ALLOCATED FROM SEOPW TAX INCREMENT FUND, ENTITLED "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10050.920101.883000.0000.00000. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is a community redevelopment agency created pursuant to Chapter 163, Florida Statutes, and 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 2, Goal 4, at page 11, of the Plan lists the "creati[on of] jobs within the community," as a stated redevelopment goal; and WHEREAS, Section 2, Goal 6, at page 11, of the Plan lists "improving the quality of life for residents," as a stated redevelopment goal; and WHEREAS, Section 2, Principle 4, at page 14, of the Plan provides "that employment opportunities be made available to existing residents ...," as a stated redevelopment principle; and WHEREAS, Suited for Success, Inc. ("SFS") offers career guidance, technology skills training, job -search support, and professional attire to at -risk women, men, and youth within the Redevelopment Area ("Services"); and WHEREAS, the Board of Commissioners has previously supported SFS in the provision of Services on an annual basis; and WHEREAS, the SFS has requested assistance in continuing to provide its Services to job seekers from the Redevelopment Area for 2017; and Page 4 of 5 Packet Pg. 63 4.2 WHEREAS, the Board of Commissioners wish to authorize a grant, in an amount not to exceed $112,000 to SFS to underwrite costs associated with the provision of services to job seekers from the Redevelopment Area; and WHEREAS, the Board of Commissioners finds that such a grant would further the aforementioned redevelopment goals and objectives; 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 hereby authorizes a grant, in an amount not to exceed to $112,000, to Suited for Success, Inc. to underwrite costs associated with the provision of training and other employment support services to job seekers from the Redevelopment Area. Section 3. The Executive Director is authorized to execute all documents necessary for the purposes set forth above. Section 4. The Executive Director is authorized to disburse funds, at his discretion, on a reimbursement basis or directly to vendors, upon presentation of invoices and satisfactory documentation. Section 5. Funds are to be allocated from SEOPW Tax Increment Fund, entitled "Other Grants and Aids," Account Code No. 10050.920101.883000.0000.00000. Section 6. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: Re;iee Jadusingh, Staff CoLnsel '0/ 14/2017 Page 5 of 5 Packet Pg. 64 4.2.a DRESS F O R SUCCESS® SUITED FOR SUCCESS MIAMI 1600 NW 3rd Avenue, Suite 111 • Miami, FL 33136 February 28, 2017 To whom it may concern: Suited For Success/Dress for Success Miami is requesting a grant renewal in the amount of $110,000 from the CRA so that we may continue to provide low-income and disadvantaged clients with our vital employment skills training, professional business clothing and career development services. We are also asking for a two-year contract, totaling $220,000, to ensure uninterrupted service for the next two years. Since starting operations in 1994, Suited for Success has provided services to over 60,000 low-income men, women and youth in Miami -Dade County. At SFS we have instilled a level of confidence, dignity and empowerment among our at -risk populations in Miami and have seen great success stories these past few years. There is a great demand and need for our services especially given the recent economic downturn and last year alone we provided services to over 1,200 adults and youth seeking employment of which more than 400 came from the SEOPW/CRA community. As a nonprofit organization we rely on government assistance by means of grants to keep our organization going. As we enter our 8th year in the SEOPW/CRA neighborhood here are some of the accomplishments we have had over the past year: • We served more than 400 individuals from Overtown and surrounding neighborhoods and held 21 training programs at partners such as MDC, FIU, Chapman Partnership and Career Source. • We reached out and established relationships with the following local agencies/businesses: Overtown Youth Center, YWCA, Camillus House, Urgent Inc., The Overtown NET Office, NANA, MDC Hospitality Training Institute, Booker T. Washington Senior High School, Miami Rescue Mission, Community Action Agency, and the newly formed Overtown Children and Youth Coalition (OCYC). • We are launching a new Vets for Success program this year, which will provide training and certification in customer service to prepare unemployed veterans and family members for emerging employment opportunities in the area. I would like to request that we be placed on the March or April agenda of the CRA Commission meeting so that we can avoid any interruption of services to the community as our current contract ends May 31, 2017. We look forward to another successful year of providing the much needed services to our local residents. Thank you for your consideration. Sincerely, Sonia Jacobson/ ounder & Executive Director Attachment: File # 1974 Backup (1974 : Resolution Authorizing Grant to Suited for Success, Inc) Packet Pg. 65 4.2.a Suited for Success Grant Proposal CRA FY 2017-18 The mission of Suited for Success (SFS) is to promote the economic independence of disadvantaged men, women and youth by providing employment skills training, professional business attire for job interviews, a network of support and the career development tools to help them thrive in work and in life. We strive to provide assistance for the unemployed and under -employed adults and youth in the Overtown community helping them gain the professional skills they will need to find employment, accelerate their job search and build confidence through ongoing training sessions, one-on-one career coaching and networking in a supportive environment. History of Suited for Success Founded in 1994, Suited for Success answered a vital need for career -building initiatives after welfare reform was instituted. The Welfare Reform Act in 1996 set time restrictions for recipients on public assistance, which in turn forced heads of households into low -wage jobs. Because of the rapid increase in the number of poor, working adults, they had become a much underserved segment of society. Through our programs and services, Suited for Success was able to answer the needs of a growing, poverty-stricken workforce. Suited for Success has seen over 60,000 individuals since inception through its men's, women's (Dress for Success Miami) and youth programs. Program Description As a part of our program, job training classes are held at our location at The Culmer Center as well as at partnering agencies throughout Miami -Dade County. Our skills training course prepares clients on a variety of topics: Managing the job search; Interviewing skills; Proper dress; Resume writing; Financial literacy; Mock interviews. Once training has been completed, clients are given an appointment to receive business attire for their job interview. Clients arrive at SFS by referral only from over 125 social service agencies, including homeless shelters, domestic violence shelters, and welfare -to -work job training centers. These partnering agencies refer clients to us while adhering to our strict referral criteria. In an average year, over 1,000 clients will be served by SFS. Approximately 50°/0 of our clients are African -American, 45% are Hispanic and 5°/o are defined as "other" which includes Asian -American, Native American and those who don't define their background. Last year alone we provided services to 1,200 clients of which more than 400 adults and youth came from the Overtown community. Upon completion of the employment skills training course, clients receive an appointment at the SFS office to get them ready for their interviews. Trained volunteers provide one-on-one help and select a wardrobe appropriate for a job interview. Our volunteers are trained to gently guide the clients through the selection process, making recommendations and educating them on workplace expectations. Each client, be it man or woman, who comes to SFS receives personal attention and is treated with dignity and respect. Clients are encouraged to discuss their upcoming interview, professional presentation, child-care plans, and other concerns. Creating a positive environment for the client, SFS strives to stimulate self-confidence helping clients overcome the fears associated with job interviewing. Attachment: File # 1974 Backup (1974 : Resolution Authorizing Grant to Suited for Success, Inc) Packet Pg. 66 4.2.a Suited for Success wants to build upon our 22+ successful years of providing programs that support economic and social development to low-income clients who are entering or returning to the workforce. When we assist a client with skills to enable them to feel more confident in their job search and ultimately find employment we are helping a future generation into systematic change. Everyday we work towards getting men, women and their children out of poverty and into self-sufficiency by providing a cadre of services to move them into self-sufficiency. Suited for Success is requesting that the CRA consider our request for $110,000 to fund our program for 2017-18. This funding supports our Community Outreach Coordinator and Administrative Assistant positions, which increase the quality and scope of our services to the Overtown community. If possible, we'd like to secure a two-year grant for $110,000 per year, to ensure uninterrupted service to our clientele. With funding from the CRA we will be able to continue to meet the demands of the many people and agencies that call upon us for assistance. This past year we have had referrals from the following agencies located within the CRA boundaries: Transitions, Inc., The Overtown Youth Center, YWCA, Camillus House, Urgent Inc., Better Way of Miami, The Overtown NET Office, MDC Hospitality Training Institute, Chapman Partnership, Booker T. Washington Senior High School and Touching Miami with Love. These are only a partial list of the 125 agencies that refer clients to our office throughout the year. We have established relationships with Walmart, Carnival Cruise Lines, Miami Dade College and Macy's. In addition, Suited for Success is a member of the Overtown Children and Youth Coalition, working with community partners to enhance the services in Overtown for the underserved youth. Our location in The Culmer Center, 1600 NW 3rd Avenue, in the heart of Overtown gives us access to more space, training rooms and computer labs which will enhance our ongoing training programs. Community Recognition Over the past 20 years, SFS has received an enormous amount of community recognition. Here are some highlights: • Florida's Finest Award given my Governor Lawton Chiles • Outstanding Community Service Award given by Vice President Al Gore and The White House • United Way Impact Partner & Service Award Winner • Feature story on CNN December 2009 • Coral Gables Chamber of Commerce Diamond Award Finalist • Department of Juvenile Justice Award Winner • South Florida Work Force Award Winner • City of South Miami Trailblazer Award • Women's Committee of One Hundred Award Winner • City of Miami Award Winner • Non -Violence Project Award Winner • PACE Award Winner • South Florida Women's Business Conference Award Winner • National Association of Courts Award Winner • Jewish Community Services multiple Award Winner • Greater Miami Chamber of Commerce Award Winner • Proclamations from Miami -Dade County, City of Miami, City of South Miami Attachment: File # 1974 Backup (1974 : Resolution Authorizing Grant to Suited for Success, Inc) Packet Pg. 67 4.2.a SUITED FOR SUCCESS 0DRESS FOR SUCCESS® 1600 NW 3rd Ave., Suite 111, Miami, FL 33136 M I A M I Suited For Success 1600 NW 3rd Avenue #111 Miami, FL 33136 Proposed Budget FY 2017-18 Description Proposed Budget Rent $5,000 Telephone/Communications 0 Project Staff Trainer $39,000 Program Developer/Training Manager $15,000 Overtown Liaisons (2 staff) $50,000 Marketing/Development/Outreach $0 Liability/Property Insurance $0 Office Supplies $1,000 Laptop Computers $2,000 TOTAL $112,000 Attachment: File # 1974 Backup (1974 : Resolution Authorizing Grant to Suited for Success, Inc) Packet Pg. 68 4.3 SEOPW Board of Commissioners Meeting March 21, 2017 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Keon Hardemon Date: March 14, 2017 File: 1975 and Members of the CRA Board Subject: Resolution Authorizing Grant for the 2017 Overtown Music & Arts Festival From: Clarence E. Woods, a--) Executive Director Enclosures: File # 1975 Backup BACKGROUND: The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") authorizes a grant, in an amount not to exceed $225,000, to Headliner Market Group, Inc. ("HMG") to underwrite costs associated with the production of the 2017 Overtown Music & Arts Festival ("Festival") scheduled to occur on July 15, 2017. Established in 2001, HMG is a promotions and marketing company that has successfully produced numerous music industry -related events, including the 2014, 2015, & 2016 Overtown Music and Arts Festival. Given such success, HMG seeks to leverage its experience and industry contacts in order to attract visitors to the Redevelopment Area for purposes of stimulating the local economy. The Board of Commissioners has previously supported the HMG in its production of the Overtown Music & Arts Festival as authorized by Resolution Nos. CRA-R-14-0019, CRA-R-15-0005, and CRA-R-16-0010. This year, the Festival is scheduled to occur on July 15, 2017 in the former Entertainment District of Overtown along N.W. 2nd between N.W. 11th Terrace and N.W. 8th Street during the hours of 11 a.m. to 6 p.m. Admission to the Festival would be free and the grounds will be transformed into a showcase of local vendors highlighting their artwork, local food, and local services. Additionally, two stages will feature national and local music artist. The genre of music will be Gospel and R & B, in homage to Overtown's rich music history. In furtherance of the Festival's family -friendly atmosphere, a dedicated "Kid Zone" will be presented by Teens Exercising Extraordinary Success, which will introduce the youth to arts and culture through specially designed hands on activities. JUSTIFICATION: Section 2, Goal 5, at page 11, of the Southeast Overtown/Park West Community Redevelopment Plan ("Plan") lists the promotion of "local cultural events, institutions, and businesses," as a stated redevelopment goal. Further, Section 2, Principle 14, at page 16, of the Plan provides for the "resto[ration of] a sense of community and unif[ication in] the area culturally," as a stated redevelopment principle. FUNDING: $225,000 allocated from SEOPW Tax Increment Fund, entitled, "Other Grants and Aids," Account Code No. 10050.920101.883000.0000.00000. Packet Pg. 69 4.3 AGENDA ITEM FINANCIAL INFORMATION FORM SEOPW CRA CRA Board Meeting Date: March 21, 2017 CRA Section: Brief description of CRA Agenda Item: Authorizing a grant to Headliner Market Group, Inc. in the amount not to exceed $225,000 for the Overtown Music and Arts Festival. Project Number (if applicable): YES, there are sufficient funds in Line Item: Account Code: 10050.920101.883000.0000.00000 Amount: $ 2 2 5, 0 0 0.0 0 NO (Complete the following source of funds information): Amount budgeted in the line item: $ Balance in the line item: $ Amount needed in the line item: $ Sufficient funds will be transferred from the following line items: ACTION ACCOUNT NUMBER TOTAL Project No./Index/Minot Object From $ To $ From $ To $ Comments: Approved by: Clar Approval: Woods, Executive Director 3/14/2017 Miguel A Valentin, T iarice Officer 3/14/2017 Page 2 of 4 Packet Pg. 70 4.3 Southeast Overtown/Park West Community Redevelopment Agency File Type: CRA Resolution Enactment Number: File Number: 1975 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING A GRANT, IN AN AMOUNT NOT TO EXCEED $225,000, TO HEADLINER MARKET GROUP, INC. TO UNDERWRITE COSTS ASSOCIATED WITH THE PRODUCTION OF THE 2017 OVERTOWN MUSIC & ARTS FESTIVAL, SCHEDULED TO OCCUR ON JULY 15, 2017; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; FUNDS TO BE ALLOCATED FROM SEOPW TAX INCREMENT FUND, ENTITLED "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10050.920101.883000.0000.00000. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is a community redevelopment agency created pursuant to Chapter 163, Florida Statutes, and 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 2, Goal 5, at page 11, of the Plan lists the promotion of "local cultural events, institutions, and businesses," as a stated redevelopment goal; and WHEREAS, Section 2, Principle 14, at page 16, of the Plan provides for the "resto[ration of] a sense of community and unif[ication in] the area culturally," as a stated redevelopment principle; and WHEREAS, established in 2001, Headliner Market Group, Inc. ("HMG") is a promotions and marketing company that has successfully produced numerous music industry -related events; and WHEREAS, HMG seeks to leverage its experience and industry contracts in order to attract visitors to the Southeast Overtown/Park West Redevelopment Area by producing the 2017 Overtown Music & Arts Festival ("Festival") for purposes of stimulating the local economy; and WHEREAS, the Festival is scheduled to occur on July 15, 2017 in the former Entertainment District of Overtown along N.W. 2nd between N.W. 11th Terrace and N.W. 8th Street during the hours of 11 a.m. to 6 p.m., and admission would be free to the public; and Page 3 of 4 Packet Pg. 71 4.3 WHEREAS, the Festival will entail a showcase of local vendors highlighting their artwork, local food, and local services, two stages featuring national and local music artists, and a dedicated "Kid Zone" wherein youth will be able to experience arts and culture through participation in specially designed hands on activities; and WHEREAS, the Board of Commissioners wish to authorize a grant, in an amount not to exceed $200,000 to HMG to underwrite costs associated with the production of the Festival; and WHEREAS, the Board of Commissioners finds that such a grant would further the aforementioned redevelopment goals and objectives; 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 hereby authorizes a grant, in an amount not to exceed to $200,000, to Headliner Market Group, Inc. to underwrite costs associated with the production of the 2017 Overtown Music & Arts Festival, scheduled to occur on July 15, 2017. Section 3. The Executive Director is authorized to execute all documents necessary for the purposes set forth above. Section 4. The Executive Director is authorized to disburse funds, at his discretion, on a reimbursement basis or directly to vendors, upon presentation of invoices and satisfactory documentation. Section 5. Funds are to be allocated from SEOPW Tax Increment Fund, entitled "Other Grants and Aids," Account Code No. 10050.920101.883000.0000.00000. Section 6. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: Renee Jadusingh, Staff CoUnsel '' 3r14/2017 Page 4 of 4 Packet Pg. 72 4.3.a Headliner 1I'hirkot Group, Inc. Clarence E. Woods, III, Executive Director Southeast Overtown/Park West Community Redevelopment Agency 819 NW 2nd Avenue, 3rd Floor Miami, FL 33136 Dear Sirs: Headliner Market Group Inc's overall mission is to promote and celebrate the rich history and culture of the community, through the re-creation, planning, coordination and presentation of the 2017 Overtown Music & Arts Festival. Since Headliner took on the production of the festival in 2014, attendance numbers have steadily increased from approximately 1,500 attendees (prior to 2014) to over 10,000 attendees last year (2016). We are confident that 2017 will be no different. The T.E.E.S. Youth Zone was even larger and included live performances with a second stage, and offered more resources than ever before. We are requesting to move the location of the Festival to highlight the former Entertainment District of Overtown (NW 2nd Avenue from NW 11th Terrace to NW 8th Street). We are also requesting an increase of funding from the CRA in the amount of Three Hundred & Ten Thousand ($310,000.00) Dollars to support the Overtown Music & Arts Festival which will take place on Saturday, July 15, 2017. The increase in budget is necessary to ensure that we continue to expand and provide the best event possible. We have attached a preliminary line item budget. Every aspect of the Festival has been carefully thought out in an effort to celebrate Overtown s rich history and culture. The goal for this years' Festival is: • To shine a positive light upon the Overtown community; • Promote and stimulate economic development; • Showcase history, culture, music, and art; and • Create excitement and motivation for the community We are requesting that the CRA provide funding for this project because at the heart of this Festival is a fervent desire to bring Overtown out from under a cloud of darkness and into the light. Overtown has a rich cultural and music history that should be celebrated and highlighted which is what this years' Festival will strive hard to achieve with the support of the City of Miami and the CRA. h 3440 NW 7 Avenue / Miami FL 33127 Phone: (786)420-2380 I Email. HeadlinerWorldwide305 gmail.com Attachment: File # 1975 Backup (1975 : Resolution Authorizing Grant for the 2017 Overtown Music & Arts Festival) Packet Pg. 73 4.3.a Headliner Market Group, Inc. ORGANIZATIONAL HISTORY Headliner Market Group, Inc. (HMG) is a premier marketing and promotions company. HMG was founded for the purpose of creating a resourceful and reliable company with the knowledge and expertise of party planning and coordinating special events. The company strives to provide creative, cutting edge events that establish HMG as a dominant force in the nation. HMG designs and produces exciting high profile one -of -a kind events through the combination of service, superstar celebrities, athletes, trendsetters and taste makers. We create innovative events while providing quality services to clients and consumers. Hard work and commitment has allowed HMG to rise to elite status while creating the highest in attendance record, star studded urban and/or crossover events in the nation. Thank you in advance. Regards, Michael Gardner President h 3440 NW 7 Avenue / Miami FL 33127 Phone: (786) 420-2380 I Email. HeadlinerWorldwide305 gmail.com Attachment: File # 1975 Backup (1975 : Resolution Authorizing Grant for the 2017 Overtown Music & Arts Festival) Packet Pg. 74 2017 OMAF Prosposed Budget City Services $ 25,000.00 Decor/Materials $ 20,000.00 Food & Beverage $ 8,000.00 Insurance $ 3,000.00 Marketing/Promotion $ 70,000.00 Miscellaneous Expenses $ 7,200.00 Permits $ 1,500.00 Production Costs $ 75,000.00 Security (in addition to police) $ 5,000.00 Signage $ 4,300.00 Staffing $ 15,000.00 Talent & Talent Expenses $ 75,000.00 Volunteers/Festival Staff $ 1,000.00 $ 310,000.00 4.3.a Attachment: File # 1975 Backup (1975 : Resolution Authorizing Grant for the 2017 Overtown Music & Arts Packet Pg. 75 4.4 SEOPW Board of Commissioners Meeting March 21, 2017 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Keon Hardemon Date: March 14, 2017 and Members of the CRA Board From: Clarence E. Woods, t) Executive Director File: 1977 Subject: Resolution Authorizing Grant to Neighbors and Neighbors Association, Inc. Enclosures: File # 1977 Backup BACKGROUND: The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") authorizes a grant, in an amount not to exceed $200,000, to Neighbors and Neighbors Association, Inc. ("NANA") to underwrite costs associated with the continued operation of the Business Incubator and Development Program ("Program"). NANA is a non-profit corporation established in 1995 to assist small businesses throughout Miami -Dade County, and has been retained by Miami -Dade County to provide technical assistance for its Mom and Pop Small Business Grant Program and its Micro Loan Program. In recognition of NANA's success with small businesses and job creation, the CRA has authorized grants to NANA in the past to ensure that specialized technical assistance tailored to the needs of the Redevelopment Area are available to compliment and further the CRA's economic development efforts. NANA now seeks assistance from the CRA to continue the administration of the Program. The Program has served a number of local businesses by enabling access to, among other things, technical assistance, workshops and training, office services, assistance with identifying capital funding sources, and a business mentoring partnership. Additionally, the Program continues to include the Community Workforce Training Program ("CWTP"), which aims to ensure that local residents have necessary skills and certifications that will increase their job readiness. CWTP provides employment screening, placement, and referrals of local residents seeking to obtain gainful employment. JUSTIFICATION: Section 2, Goals 4 and 6, at page 11, of the Southeast Overtown/Park West Community Redevelopment Agency Plan ("Plan") lists the "creati[on of] jobs within the community," and "improving the quality of life for residents" as stated redevelopment goals. Section 2, Principle 6, at page 15, of the Plan further lists the promotion of "local cultural events, institutions, and businesses," as a stated redevelopment principle. Principle 6, at page 15 also provides that in order to "address and improve the neighborhood economy and expand economic opportunities of present and future residents and businesses[,] ... [it is necessary to] support and enhance existing businesses and ... attract new businesses that provide needed services and economic opportunities ..." Packet Pg. 76 4.4 FUNDING: $200,000 allocated from SEOPW Tax Increment Fund, entitled "Other Grants and Aids" Account No. 10050.920101.883000.0000.00000. Page 2 of 5 Packet Pg. 77 4.4 AGENDA ITEM FINANCIAL INFORMATION FORM SEOPW CRA CRA Board Meeting Date: March 21, 2017 CRA Section: Brief description of CRA Agenda Item: Authorizing a grant in the amount not to exceed $200,000, to NANA for the continued operation of the Overtown Business and Employment Resources Center. Project Number (if applicable): YES, there are sufficient funds in Line Item: Account Code: 10050.920101.883000.0000.00000 Amount: $ 2 0 0, 0 0 0.0 0 NO (Complete the following source of funds information): Amount budgeted in the line item: $ Balance in the line item: $ Amount needed in the line item: $ Sufficient funds will be transferred from the following line items: ACTION ACCOUNT NUMBER TOTAL Project No./Index/Minot Object From $ To $ From $ To $ Comments: Approved by: Clar Approval: Woods, Executive Director 3/14/2017 Miguel A Valentin, T iarice Officer 3/14/2017 Page 3 of 5 Packet Pg. 78 4.4 Southeast Overtown/Park West Community Redevelopment Agency File Type: CRA Resolution Enactment Number: File Number: 1977 Final Action Date: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, AUTHORIZING A GRANT, IN AN AMOUNT NOT TO EXCEED $200,000, TO NEIGHBORS AND NEIGHBORS ASSOCIATION, INC., TO UNDERWRITE COSTS ASSOCIATED WITH THE CONTINUED OPERATION OF THE BUSINESS INCUBATOR AND DEVELOPMENT PROGRAM ("PROGRAM"); FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; ALLOCATING FUNDS FROM SEOPW, "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10050.920101.883000.0000.00000. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is a community redevelopment agency created pursuant to Chapter 163, Florida Statutes, and 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 2, Goals 4 and 6, at page 11, of the Plan lists the "creati[on of] jobs within the community," and "improving the quality of life for residents" as stated redevelopment goals; and WHEREAS, Section 2, Principle 6, at page 15, of the Plan lists the promotion of "local cultural events, institutions, and businesses," as a stated redevelopment principle; and WHEREAS, Section 2, Principle 6, at page 15, of the Plan provides that in order to "address and improve the neighborhood economy and expand economic opportunities of present and future residents and businesses[,] ... [it is necessary to] support and enhance existing businesses and ... attract new businesses that provide needed services and economic opportunities ... ;" and WHEREAS, Neighbors and Neighbors Association, Inc. ("NANA") is a non-profit corporation established in 1995 to assist small businesses throughout Miami -Dade County, and has been retained by Miami -Dade County to provide technical assistance for its Mom and Pop Small Business Grant Program and its Micro Loan Program; and WHEREAS, in recognition of NANA's success with small businesses and job creation, the CRA has authorized grants to NANA in the past to ensure that specialized technical Page 4 of 5 Packet Pg. 79 4.4 assistance tailored to the needs of the Redevelopment Area are available to compliment and further the CRA's economic development efforts; and WHEREAS, NANA now seeks assistance from the CRA to continue the administration of the Program; and WHEREAS, the Program has served a number of local businesses by enabling access to, among other things, technical assistance, workshops and training, office services, assistance with identifying capital funding sources, and a business mentoring partnership; and WHEREAS, the Board of Commissioners wish to authorize a grant, in an amount not to exceed $200,000, to NANA to underwrite costs associated with the continued operation of the Business Incubator and Development Program; and WHEREAS, the Board of Commissioners finds that such a grant to NANA would further the above mentioned redevelopment goals and objectives; 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 hereby authorizes a grant in an amount not to exceed $200,000, to Neighbors and Neighbors Association, Inc. to underwrite costs associated with the continued operation of the Business Incubator and Development Program. Section 3. The Executive Director is authorized to execute all documents necessary for said purpose. Section 4. The Executive Director is authorized to disburse funds, at his discretion, on a reimbursement basis or directly to vendors, upon presentation of invoices and satisfactory documentation. Section 5. Funds to be allocated from SEOPW Tax Increment Fund, entitled "Other Grants and Aids," Account Code No. 10050.920101.883000.0000.00000. Section 6. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: Re iee Jadusrngh, Staff Counsel J/ 14/2017 Page 5 of 5 Packet Pg. 80 4.4.a NEIGHBORS AND NEIGHBORS ASSOCIATION, INC. ("NANA") Overtown Business and Employment Resource Center For the Southeast Overtown/Park West Redevelopment Area I. ORGANIZATIONAI, EXPERIENCE NANA has been funded by the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") since 2008. NANA has a wealth of experience in assisting small businesses to realize economic success. NANA's technical assistance includes, but is not limited to, assisting businesses with technical support by offering business training, negotiating with government agencies, permits, license, code compliance, completing loan and grant applications, landlord/tenant disputes, 40-year building recertification, on -site visits and referrals. NANA's goal to help small businesses and to support economic development initiatives are clearly evident from the nature of the numerous programs administered by NANA. A. MIAMI-DADECOUNTY "MOMAND POP" SMALL BUSINESS GRANT PROGRAM Examples of the aforementioned can be seen in NANA's administration of Miami -Dade County's "Mom and Pop Small Business Grant Program," in which NANA has created an avenue to access dedicated funding through Miami -Dade County. The "Mom and Pop Small Business Grant Program" was created to provide financial and technical assistance to qualified small businesses that are approved for funding. In turn, small businesses have been afforded the opportunity to interact with local government under favorable conditions and this relationship has ultimately worked towards bridging the gap between the small business community and local governmental entities. Funding from the "Mom and Pop Small Business Grant Program" can be used to purchase equipment, supplies, advertising/marketing inventory, building liability insurance, security systems and to make minor renovations. NANA helped to develop the grant process for the "Mom and Pop Small Business Grant Program" in order to ensure that funding reach those eligible businesses in need. Participants in the "Mom and Pop Small Business Grant Program" are afforded technical assistance to help create better working and business environments, promote economic development opportunities, and educate small businesses on the various programs and projects that benefit small businesses, As a result, financial assistance has been made available to over 6,000 small businesses throughout Miami -Dade County. B. MIAMI-DADE COUNTY "MICRO LOAN PROGRAM" As with the "Mom and Pop Small Business Program," NANA, through Tools for Change, Inc. also administers Miami -Dade County's Micro Loan Program, which provides direct technical assistance to a minimum of 300 small businesses throughout Miami -Dade County in order to assist said businesses in becoming efficient and profitable. Additionally, small businesses are able to access funding through a loan process that considers the economic circumstances of these small businesses. C. CITY OF MIAMI "MICRO ENTERPRISE BUSINESS ASSISTANCE PROGRAM" NANA administers the City of Miami's Micro Enterprise Business Program, which provides funding, up to $10,000 to low to moderate income business owners located in the City of Miami's District 5. D. SMALL BUSINESS FORMATION WORKSHOP Attachment: File # 1977 Backup (1977 : Resolution Authorizing Grant to Neighbors and Neighbors Association, Inc.) 1 Packet Pg. 81 4.4.a The Small Business Formation Workshop provided by NANA offers a thorough overview of all the considerations and components of starting a business. Participants in the workshop learn how to incorporate as a corporate business entity, and what type of corporation status their particular business needs, as well as the various legal entities involved in incorporating. The workshop also offers participants a corporate kit filling. D. Miami- Dade County Employ Miami- Dade Training Program NANA administers the Miami -Dade County Employ Miami -Dade Training Program, which provides vocational and work readiness training classes low income, unemployed, underemployed hard to employ residence who reside within one of the eighteen (18) disadvantages communities throughout Miami Dade County. Participants enrolled in classes who successful complete are eligible to receive a stipends up to $ 1,325. II. BUSINESS INCUBATOR AND DEVELOPMENT PROGRAM: OVERTOWN EMPLOYMENT TRAINING AND REFFRRAI, PROGRAM: TECHNICAL ASSISTANCE / PROCUREMENT TRAINING PROGRAM A. REQUEST NANA seeks to continue the provision of assistance to small businesses and to expand its efforts to reach individual residents to help develop job opportunities for said residents. To achieve this, NANA hopes to continue its administration of the Business Incubator and Development Program at the Overtown Business Resource Center, and the Overtown Employment Training and Referral Program. In addition, NANA is seeking to develop and administer the Technical Assistance / Procurement Training Program, which will further enhance the impact of NANA's efforts in Overtown. The Business Incubator and Development Program will continue to provide office space and direct technical assistance to small businesses with the hope of creating job opportunities for residents. Participants in the Business Incubator and Development Program will benefit from various training exercises and exposure to successful business owners who can act as mentors. The Technical Assistance / Procurement Training Program will help prepare Overtown businesses to effectively compete for governmental contracting opportunities. Participants will be given technical assistance on how to respond to formal solicitations, develop unsolicited proposals, and how to apply for grant and/or loan programs offered by local governments. The Overtown Employment Training and Referral Program will continue to help to prepare residents throughout the Redevelopment Area to enter into stable, gainful employment by identifying their level of job readiness and providing them with the skills necessary to enter into the workforce. NANA is interested in continuing its administration of Business Incubator and Development Program and implementing the Technical Assistance / Procurement Training Program because the services offered through said Programs complement our organizational goals and objectives of offering direct assistance to small businesses, while also serving to support economic development in the Redevelopment Area. For the Community Workplace Training Program, NANA's long term mission is will be met because NANA is looking to expand beyond providing technical assistance to small businesses and include assisting individuals that reside within the communities we serve. The continuance of this program will enable NANA to provide direct assistance to the participating residents in order to ensure that they have an opportunity to participate in the broader revitalization of the Redevelopment Area. Attachment: File # 1977 Backup (1977 : Resolution Authorizing Grant to Neighbors and Neighbors Association, Inc.) 2 Packet Pg. 82 4.4.a B. DESCRIPTION AND SCOPE 1. BUSINESS INCUBATOR AND DEVELOPMENT PROGRAM The Business Incubator and Development Program provide incubator space each month to a minimum of five (5) businesses owned within the Redevelopment Area. Services provided through this program include: • Access to various business related workshops and training • Computer use and Wi-Fi access • Access to site visits of successful business enterprises and participation in a business mentoring partnership • Office services, including copies, telephone and facsimile use, and notary services • Access to conference space • Business referrals • Link business to City/County websites (advertising) In an effort to ensure that participating businesses are fully realizing the benefits offered, NANA will monitor businesses that receive incubator space by evaluating the following: • Program participation/completion • Attainment of required licenses/permits • Workshop/training session attendance • Sales/Gross receipts Additionally, invited guest speakers will be participating and offering business insights and opportunities in their respective fields (i.e., Department of Treasury/IRS, Barry University Entrepreneurial Institute, City of Miami Purchasing Department, CareerSource South Florida, Accion USA, Partners for Self - Employment, Service Corp. of Retired Executives (SCORE), Florida Women's Center, Miami -Dade County Department of Procurement Management, etc.) Business participants are generally small businesses located in low to very low income areas and their customer base also falls into the low to very low income category, and whose census tracts with the L/M population is fifty-one percent or more. NANA also intends to leverage benefits afforded to participating businesses under the Incubator and Development Program with the other programs administered by NANA on behalf of the City of Miami and Miami -Dade County. 2. TECHNICAL ASSISTANCE / PROCUREMENT TRAINING PROGRAM The Technical Assistance / Procurement Training Program will offer assistance and training to Incubator Residents and other Overtown businesses in the following areas: • Business Plan Preparation • Strategic Planning • Understanding & Satisfying Regulatory Requirements (City, County, State, Professional, etc.) • Identification of Capital Funding Sources • Customer Service • Business Development Planning • Marketing/Advertising/Public Relations • Doing Business with Government • Responding to Formal Procurement Solicitations: Attachment: File # 1977 Backup (1977 : Resolution Authorizing Grant to Neighbors and Neighbors Association, Inc.) 3 Packet Pg. 83 4.4.a o Bids o RFP's/RFA's o RFLI's • Applying for Grants/Loans • Preparation and Submission of Unsolicited Proposals This Technical Assistance will be provided either through workshops conducted by subject matter experts or through one-on-one counseling with program staff. Technical Assistance related to formal procurement solicitations will be offered to individuals/businesses that meet the minimum qualifications for the solicitation(s) they are seeking to respond to and have readily available all required documentation. Technical Assistance related to grants, loans and unsolicited proposals will focus upon assisting business owners to take advantage of the types of programs offered by local governments to assist small businesses (i.e. Micro -Enterprise, Mom & Pop, Micro -Loan, etc.). Business owners will be trained on how to complete applications for such programs and the types of documentation they will need in order to be considered for funding opportunities. They will also receive training on how to prepare and submit unsolicited proposals in order to take advantage of contracting opportunities offered through informal processes. C. BUDGET; REPORTING In order to continue the administration of the Business Incubator and Development Program and the Work Readiness Training Program, and commence administration of the Technical Assistance / Procurement Training Program, NANA requests a grant award of Two Hundred Thousand Dollars ($200,000.00) to be disbursed on a monthly basis over the course of one (1) year. NANA will seek disbursement of the grant funds on a monthly basis, and provide the CRA with status reports of progress made under each of the aforementioned programs. Specifically, said reports will detail the following data: Business Incubator and Development Program: • Participating Businesses (Number, Business Name, Type of Business, Phone Number, Email Address) • Services provided to each business • Term of Occupancy of Incubator Space for each business • Workshops attended • Referrals to Other Programs/Opportunities for funding Technical Assistance: • Evaluation of Participating Business to Assess Current Capacity and Goals • Type of Assistance Provided to Each Business • Results of Technical Assistance Provided o Grants/Loans Received by Program Participants o Contracts Awarded to Program Participants o Progress Toward Stated Goals Evaluation: In addition to the monthly reports submitted with invoices, NANA will perform pre and post -program assessments that will track the progress of all businesses and individuals that participate within the Project. These assessments will be submitted to CRA with the final invoice for payment. Attachment: File # 1977 Backup (1977 : Resolution Authorizing Grant to Neighbors and Neighbors Association, Inc.) 4 Packet Pg. 84 OBRC 16-17 CURRENT BUDGET 4.4.a Description Expenses % DIRECT COSTS Busines Incubator and Development Program Training Instructors (Workshops) $ 43,000.00 Business Development Counselors $ 37,000.00 Receptionist $ 27,500.00 Employer Consultant $ 27,500.00 Sub -Total $ 135,000.00 Center Operations Staff $ 16,000.00 Office Supplies $ 1,500.00 Insurance (Liability) $ 1,500.00 Communications $ 1,500.00 Permit/License Fees $ 500.00 Janitorial Services $ 14,000.00 Sub -Total $ 35,000.00 INDIRECT COSTS Program Administration Administration/Management $ 30,000.00 F 15% SubTotal $ 30,000.00 TOTAL PROGRAM COST $ 200,000.00 ! 100% Attachment: File # 1977 Backup (1977 : Resolution Authorizing Grant to Neighbors and Neighbors Association, Inc.) Packet Pg. 85