HomeMy WebLinkAboutCRA-R-20-0027Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-20-0027
819 NW 2"d Ave
3rd Floor
Miami, FL 33136
www.seopwcra.com
File Number: 8323 Final Action Date:12/14/2020
A RESOLUTION THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, WITH
ATTACHMENT(S), AUTHORIZING THE SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY TO ACCEPT THE CONVEYANCE,
WITH AFFORDABLE HOUSING RESTRICTIONS AND REVERTER
PROVISIONS, OF CERTAIN CITY OF MIAMI ("CITY") OWNED PARCEL OF
LAND LOCATED AT 714 NW 4 AVENUE, MIAMI, FLORIDA, AS MORE
PARTICULARLY DESCRIBED IN EXHIBIT "A", ATTACHED HERETO AND
INCORPORATED HEREIN, FOR THE DEVELOPMENT OF AFFORDABLE
HOUSING; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ANY
AND ALL DOCUMENTS REQUIRED TO CONSUMMATE THE TRANSACTION.
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 163.370(2)(e)(4) of the Community Redevelopment Act
authorizes the "acquisition of property within a slum area of a blighted area by purchase, lease, option,
gift, grant, bequest, devise, or other voluntary method of acquisition"; and
WHEREAS, Florida Statutes, Section 163.335(6) 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, the City -owned parcel of land located at 714 NW 4 Avenue (the "Property") is
positioned adjacent to CRA-owned lots located at 728 and 734 NW 4 Ave and 402 NW 8 Street; and
WHEREAS, on November 19, 2020, the Miami City Commission authorized the conveyance to
the CRA, with parcel reverter provisions, of the City owned Property, subject to the following
restrictions: (i) the number of units to be constructed on the sites should represent the highest and best use
possible under Miami 21, (ii) all residential units must be made available to families with incomes equal
to or less than 120% of the area median income, as published annually by the US Department of Housing
City of Miami Page 1 of 2 File ID: 8323 (Revision:) Printed On: 9/8/2025
File ID: 8323 Enactment Number: CRA-R-20-0027
and Urban Development, (iii) any commercial development must serve primarily the residents of the
community, and (iv) the project must be completed (all units constructed, issued Certificates of
Occupancy, and rented or sold) within forty-eight (48) months of conveyance; and
WHEREAS, the CRA recommends the acceptance of this Property from the City for the
development of an affordable housing project;
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 Southeast Overtown/Park
West Community Redevelopment Agency to accept the conveyance, with affordable housing restrictions
and reverter provisions, of certain City of Miami owned parcel of land located at 714 NW 4 Avenue,
Miami Florida as legally described in Exhibit "A", attached hereto and incorporated herein, for the
development of affordable housing.
Section 3. The Executive Director is authorized to execute any and all documents required
to consummate the transaction.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
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City of Miami Page 2 of 2 File ID: 8323 (Revision:) Printed on: 9/8/2025