HomeMy WebLinkAboutCRA-R-17-0005Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
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Miami, FL 33136
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CRA Resolution: CRA-R-17-0005
File Number: 1861 Final Action Date:2/27/2017
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING THE DEVELOPMENT AGREEMENT, IN SUBSTANTIALLY THE
ATTACHED FORM, WITH MARCUS SAMUELSSON DEVELOPMENT GROUP,
LLC ("MSDG") AS THE TOP RANKED DEVELOPMENT FIRM TO DEVELOP 920
NW 2ND AVENUE, MIAMI, FLORIDA ("PROPERTY") INTO A
RESTAURANT/ENTERTAINMENT VENUE; AUTHORIZING THE SALE OF THE
PROPERTY TO MSDG FOR $1,500,000 AND AUTHORIZING A GRANT, IN AN
AMOUNT NOT TO EXCEED $1,000,000 TO ASSISTS WITH THE PROJECT
BUILD OUT COST; 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, Chapter 163.380, Florida Statutes details the requirements for disposal of
CRA owned property within a community redevelopment area;" 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 quality of life for residents" as stated redevelopment
goals; and
WHEREAS, Section 2, Principle 4, at page 14, of the Plan provides that "employment
opportunities be made available to existing residents ... ;" and
WHEREAS, Section 2, Principle 6, at page 15 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, Page 93 of the Plan states that "[t]he Historic Folklife Village is Dade
County's proposed African American heritage tourist destination. Plans were proposed in 1997
and 1998 to guide the redevelopment of the tourist site by emphasizing reestablishment of
mixed uses."
City of Miami Page 1 of 3 File ID: 1861 (Revision: A) Printed On: 8/29/2025
File ID: 1861 Enactment Number: CRA-R-17-0005
WHEREAS, the CRA owns 920 N.W. 2nd Ave., Miami, Florida ("Property"), which is
located in the "Folklife Village," once Overtown's entertainment district. The CRA intends to
develop the Property as a high -end restaurant, lounge, cigar bar, sports bar, jazz/blues lounge,
and/or supper club with an entertainment component; and
WHEREAS, in furtherance of this development vision, on January 7, 2016, CRA issued
Request for Qualifications ("RFQ") 16-01 for Restaurant/Entertainment Programming for the
Property which sought knowledgeable and experienced Proposers with a strong brand name in
the restaurant industry and experience in programming entertainment venues within
restaurant/supper club settings. The RFQ also allowed for the CRA to enter into a lease
agreement or sale agreement with the top ranked proposer; and
WHEREAS, on March 30, 2016, the Board of Commissioners, by Resolution No. CRA-
R-16-0006, accepted the selection committee's recommendation to select Marcus Samuelsson
Development Group, LLC ("MSDG") as the top ranked proposer to RFQ 16-01, and authorized
the Executive Director to negotiate with the top ranked proposer; and
WHEREAS, MSDG and the CRA have negotiated a development agreement which
provides for the sale of the Property after MSDG has provided the CRA with project
development plans that comply with the RFQ requirements to develop the Property into a high -
end restaurant/entertainment venue and proof of financing for the Project; and
WHEREAS, the development agreement also provides for a grant to MSDG, in an
amount not to exceed $1,000,000 to assist with the project build out cost and as an inducement
of the CRA's grant of financial assistance, MSGD agrees to develop reliable resources for
community outreach to provide new job opportunities for Overtown residents; and
WHEREAS, the Board of Commissioners wish to authorize the execution of a
development agreement, in substantially the attached form, with MSDG as the top ranked
development firm to develop the Property into a restaurant/entertainment venue; and
WHEREAS, the Board of Commissioners wish to further authorize the sale of the
Property to MSDG for $1,500,000 and authorize a grant, in an amount not to exceed $1,000,000
to assist with the project build out cost;
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 the execution of a
development agreement, in substantially the attached form, with Marcus Samuelsson
Development Group, LLC ("MSDG") as the top ranked development firm to develop 920 NW 2nd
Avenue, Miami, Florida into a restaurant/entertainment venue.
Section 3. The Board of Commissioners hereby further authorizes the sale of the
Property to MSDG for $1,500,000.
Section 4. The Board of Commissioners hereby further authorizes a grant, in an
amount not to exceed $1,000,000 to assist with the project build out cost.
City of Miami Page 2 of 3 File ID: 1861 (Revision: A) Printed on: 8/29/2025
File ID: 1861 Enactment Number: CRA-R-17-0005
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
Re;iee Jadusingh, Staff Guunsel 2122/2017
City of Miami Page 3 of 3 File ID: 1861 (Revision: A) Printed on: 8/29/2025