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HomeMy WebLinkAboutCRA-R-20-0008Southeast Overtown/Park West Community Redevelopment Agency Legislation CRA Resolution: CRA-R-20-0008 819 NW 2"d Ave 3rd Floor Miami, FL 33136 www.seopwcra.com File Number: 7483 Final Action Date:5/28/2020 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING THE ISSUANCE OF A GRANT TO 241 NW 17TH STREET LLC, IN AN AMOUNT NOT TO EXCEED $400,000 FOR THE REHABILITATION OF A RESIDENTIAL BUILDING LOCATED AT 241 NW 17TH STREET, MIAMI, FLORIDA 33136; 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; 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, Florida Statutes, Section 163.335(6) of the Community Redevelopment Act found and declared that there exists "... a severe shortage of housing affordable to residents of low or moderate income, including the elderly... [and] such condition[s] affect the health, safety and welfare of the residents ... and retards their growth and economic and social development ....' ; and WHEREAS, Section 2, Goal 3 on page 11 of the Plan lists "creating infill housing, diversity in housing types, and retaining affordable housing" as a stated redevelopment goal; and WHEREAS, Section 2, Principle 2 on page 14 of the Plan also provides that the "neighborhood has to retain access to affordable housing even as the neighborhood becomes more desirable to households with greater means" as a stated redevelopment principle; and WHEREAS, Section 2, Principle 3 on page 14 of the Plan further provides that "there must be variety in housing options" as a stated redevelopment principle; and WHEREAS, 241 NW 17th Street LLC requests additional funding to underwrite costs associated with the rehabilitation of 18 affordable housing units at 241 NW 17th Street, Miami, Florida 33136 ("Property"); and WHEREAS, the Property, known as "Sir John Guest House", is a residential building consisting of twenty-six (26) single rooms and six (6) shared bathrooms. As an all-inclusive "flat -rate" residence, Sir John Guest Home allows low- and fixed -income residents to enjoy safe, secure, clean and private housing in Historic Overtown. Further, it creates an opportunity for those residents transitioning from either homelessness or an involuntary downscale to avoid homelessness by creating below -market housing options that are affordable; and City of Miami Page 1 of 2 File ID: 7483 (Revision:) Printed On: 9/4/2025 File ID: 7483 Enactment Number: CRA-R-20-0008 WHEREAS, the requested funding will be used to update the windows and doors, renovate floors, bathrooms and roofing, install and enhance security system and lighting, improve handicap accessibility, install mechanical and electrical upgrades, and update the facade of the building. Funds will also be utilized for drywall and concrete related repairs and installations, and parking lot and landscaping improvements; and WHEREAS, it is the recommendation of the CRA to authorize a grant in the amount of $400,000 to 241 NW 17th Street LLC for the rehabilitation of a residential building to increase the inventory of affordable housing in the Redevelopment Area; and WHEREAS, the Board of Commissioners wishes to authorize the issuance of a grant to 241 NW 17th Street LLC, in an amount not to exceed $400,000, for the renovation and rehabilitation of 241 NW 17th Street, Miami, Florida 33136 to increase the affordable housing inventory in the Redevelopment Area; and WHEREAS, the Board of Commissioners finds that authorizing this Resolution 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 the issuance of a grant to 241 NW 17th Street LLC, in an amount not to exceed $400,000, for the renovation and rehabilitation of 241 NW 17th Street, Miami, Florida 33136 to increase the affordable housing inventory in the Redevelopment Area. 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: fiver, Executive Director 5/22/2020 City of Miami Page 2 of 2 File ID: 7483 (Revision:) Printed on: 9/4/2025