HomeMy WebLinkAboutCRA-R-21-0019 Interoffice Memorandum-SUB•
THIS DOCUMENT I5 A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
SEOPW Board of Commissioners Meeting
July 22, 2021
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Jeffrey Watson
Members of the SEOPW CRA Board
Date: July 22, 2021 File:
Subject: Resolution authorizing the amendment of the
SEOPW Development of Region Impact
("DRI")/Increment 3 credits. r�
From: Cornelius Shiver References: ''.16
Executive Director
Enclosures:
rw
BACKGROUND:
The attached Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency (the "SEOPW CRA") authorizes the amendment of the SEOPW Development of
Regional Impact ("DRI")/ Increment 3 credits.
The Southeast Overtown/Park West Development of Regional Impact ("DRI") was created to mitigate regional
impacts of large-scale development and simplify the review process for large-scale developments in the City's
urban core through the "areawide DRI" process, as established by Florida Statutes §380.06 (10). The City of
Miami, having adopted this area -wide DRI, took over the entitlement process of DRIB for large-scale development,
especially related to transportation, thus advancing the SEOPW CRA goals of improving housing, economic
conditions, and eliminating slum and blight within the SEOPW CRA area. As a result, the CRA and the City of
Miami executed a Memorandum of Understanding establishing the SEOPW CRA as the "developer" of the DRI;
The DRI includes a specified development program for development within the east and west sides of the DRI.
Since the implementation of Increment III of the DRI, the SEOPW CRA has found that it is necessary to adjust
the development program between the east and west sides of the DRI in order to appropriately encourage and
facilitate the development of housing and employment opportunities within the DRI.
Kimley-Horn and Associates has prepared an analysis of the DRI dated April 12, 2021, based on the development
program provided by the City's Planning Department, that balances deficits of development credits using
exchange rates from Increment III of the DRI, attached as Exhibit A.
This rebalances surplus credits to land uses with a deficit in credits and identifying credits needed for future
anticipated development.
JUSTIFICATION:
Pursuant to Section 163.340(9), Florida Statutes, (the "Act") community redevelopment means "undertakings,
activities, or projects of a ... community redevelopment agency in a community redevelopment area for the
elimination and prevention of the development or spread of slums and blight...."
q3q4 Jif' MM &(/UrY- 3US
THIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
•
•
•
Section 2, Goal 2 at page 10 of the 2018 Southeast OvertownlPark West Community Redevelopment Agency
Updated Plan (the "Updated Plan") lists "[e]xpand[ing] the Tax Rase using Public -Private principles... for sound
real estate ... development, and creating viable commercial corridors within the SEOPW CRA..." as a stated
redevelopment goal.
Pursuant to Section 380.06, Florida Statutes, the DRI was established by a Development Order. The conditions of
the Development Order have been codified by Chapters 13 and 14 of the City of Miami Code. These conditions,
requiring that the development credits be balanced, bring the DRI into compliance with the Development Order
conditions. Further, the CRA is considered the "developer" of the DRI, pursuant to Sec. 380.06 (10) and
memorialized by a Memorandum of Understanding between the City of Miami and the CRA.
FUNDING:
An allocation of funding is not needed for this item.
SUBSTITUTED
SEOPW Board of Commissioners Meeting
July , 2021
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Jeffrey Watson
and Members of the CRA Board
From: Cornelius Shiver
Executive Director
BACKGROUND:
Date: July 15, 2021 File: 9394
Subject: Resolution thorizing amendment of
the SEOP Development of Regional
Impact ■ RI"]/Increment 3 cre
Enclosures: File # 9394 Backup
The attached Resolution of the Board of Co issioners of the Southeast Overtown/Park West
Community Redevelopment Agency (the " OPW CRA") authorizes the amendment of the
SEOPW Development of Regional Impac 'DRI")/ Increment 3 credits.
The Southeast OvertownlPark West '• evelopment of Regional Impact ("DRI") was created to
address the critical concerns of «using, economic development, and the elimination and
prevention of slum and blight wi n the SEOPW CRA area. DRIs act as credits against impact
fees in that they implement a p +cedure that credits a development order fee towards an impact
fee imposed by local ordinan• for the same need,
The DRI includes a spe ' ied development program for development within the east and west
sides of the DRI.
Since the implem- tation of Increment III of the DRI, the SEOPW CRA has found that it is
necessary to adj .t the development program between the east and west sides of the DRI in order
to appropriat encourage and facilitate the development of housing and employment
opportunitie within the DRI
Kimley orn and Associates has prepared a memorandum summarizing the analysis of the
propo -d rebalancing of the SEOPW CRA DRI program. The analysis was based on the
inf+ ation provided by the City's Planning Department and the SEOPW CRA staff, an
d onstrates the need for rebalancing as depicted in Table 3 of the attached Exhibit A.
This rebalances surplus credits to land uses with a deficit in credits and identifies credits needed
for future anticipated development.
JUSTIFICATION:
3.1
Pursuant to Section 163.340(9), Florida Statutes, (the "Act") community redevelopme• means
"undertakings, activities, or projects of a ... community redevelopment agency in a mmunity
redevelopment area for the elimination and prevention of the development or spr; .d of slums
and blight...."
Section 2, Goal 2 at page 10 of the 2018 Southeast OvertownlPark est Community
Redevelopment Agency Updated Plan (the "Updated Plan") lists "[e]xpa . ing] the Tax Base
using Public -Privates' principles...for sound real estate ... developme , and creating viable
commercial corridors within the SEOPW CRA..." as a stated redevelop + ent goal.
FUNDING:
An allocation of funding is not needed for this item.
SUBSTITUTED