HomeMy WebLinkAboutCRA-R-17-0005 Master ReportSoutheast Overtown/Park West
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-17-0005
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
File Number: 1861
Revision: A
File Type: CRA Resolution Status: ADOPTED
Controlling Body: Southeast
Overtown/Park West CRA
File Name: Resolution Authorizing the Execution of a Introduced: 2/22/2017
Development Agreement for 920 NW 2nd Ave.
Requesting Dept: Southeast Overtown/Park West CRA Final Action Date: 2/27/2017
Title: 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.
Notes:
Links:
Attachments: File # 1861 Backup (PDF)
Exhibit - MSDG Development Agreement (DOC)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Clarence E. Woods 2/22/2017 Executive Review Completed
A Renee Jadusingh 2/22/2017 Approved as to Form and Legal Completed
Sufficiency
A Southeast Overtown/Park 2/27/2017 Meeting Completed
West CRA
A Southeast Overtown/Park 2/27/2017 ADOPTED Passed
West CRA
City of Miami Page 1 of 1 Printed on: 8/28/2025