HomeMy WebLinkAboutCRA-R-21-0001Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-21-0001
819 NW 2"d Ave
3rd Floor
Miami, FL 33136
www.seopwcra.com
File Number: 8878 Final Action Date:4/15/2021
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY,
AUTHORIZING ADDITIONAL FUNDING, TO TOWN PARK PLAZA NORTH
CONDOMINIUM ASSOCIATION, INC., IN AN AMOUNT NOT TO EXCEED
$5,150,000.00, FOR THE COMPLETION OF THE AFFORDABLE HOUSING
REHABILITATION PROJECT AT TOWN PARK PLAZA NORTH CONDOMINIUM
LOCATED AT 1945 NW 5TH PLACE, MIAMI, FL 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 2018 Updated Southeast Overtown/Park West Redevelopment Plan (the "Updated
Plan"); and
WHEREAS, Section 2, Goal 3, on page 10 of the Updated Plan lists
"encourag [ing] ... affordable... housing within the CRA" as a stated redevelopment goal; and
WHEREAS, Section 2, Goal 6, on page 10 of the Updated Plan lists "creating housing... designed
to improve the quality of life for Overtown residents in the CRA" as a stated redevelopment goal; and
WHEREAS, Section 2, Principle 2, on page 13 of the Plan also provides that "the neighborhood
must 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 13 of the Plan further provides that "there must be
variety in housing options" as a stated redevelopment principle; and
WHEREAS, built in 1973, Town Park Plaza North Condominium Association, Inc., formerly
known as Town Park Plaza Inc., located at 1945 NW 5th Place, Miami, FL ("TPPN"), is a residential
housing complex consisting of 21 buildings and 169 condominium units. The condition of TPPN poses
significant risk of health and safety to its occupants, and in turn, extensive rehabilitation is needed, as
evidenced by structural cracks, unsecured railings, deteriorating plumbing, rotting wood, and outdated
electrical wiring; and
WHEREAS, on October 24, 2013, September 30, 2014, and September 11, 2018, the SEOPW
CRA's Board of Commissioners passed Resolution Nos. CRA-R-13-0068, CRA-R-14-0062, and CRA-R-
18-0042, which authorized the issuance of a grant, in an amount not to exceed $22,533,333.00 to perform
City of Miami Page 1 of 2 File ID: 8878 (Revision: A) Printed On: 9/8/2025
File ID: 8878 Enactment Number: CRA-R-21-0001
a full -gut rehabilitation to the units within TPPN, to rehabilitate the exterior of the buildings, and to
perform site work; and
WHEREAS, since beginning this rehabilitation project, several events have resulted in the need
to increase the grant amount, including construction delays, some of which were related to the pandemic,
and cost increases which then significantly impacted the relocation expenses; and
WHEREAS, TPPN now seeks additional grant funds from the CRA to complete the Project due
to construction and rehabilitation costs; and
WHEREAS, the Board of Commissioners finds that authorizing this Resolution would further the
above -mentioned redevelopment goal and objective;
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 an additional grant in an amount
not to exceed $5,150,000.00, to Town Park Plaza North Condominium Association, Inc. for the
completion of the affordable housing rehabilitation project at TPPN.
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. $5,150,000.00 to be allocated from SEOPW - "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:
Anna -Bo manuel, hief Legal Counsel 4/20/2021
City of Miami Page 2 of 2 File ID: 8878 (Revision: A) Printed on: 9/8/2025