HomeMy WebLinkAboutCRA-R-21-0019 Legislation-SUBTHIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
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A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY RECOMMENDING
AUTHORIZATION OF AMENDMENT OF SEOPW DEVELOPMENT OF REGIONAL IMPACT
("DRI"), INCREMENT 3 CREDITS; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXCUTE
ALL DOCUMENTS NECESSARY FOR SAID PURPOSE.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency
("SEOPW 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 Southeast Overtown/Park West
Redevelopment Updated Plan (the "Updated Plan"); and
WHEREAS, under Florida Statutes, Section 163.340(9) of the Community Redevelopment
Act, (the "Act"), "community redevelopment means projects of a ... community redevelopment
agency in a community redevelopment area for the elimination and prevention of the development
or spread of slum and blight"; and
WHEREAS, the Southeast Overtown!Park West Development of Regional Impact ("DRI")
was created to 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); and
WHEREAS, the City of Miami, having adopted this area -wide DRI, took over the
entitlement process of DRIs 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; and
WHEREAS, the CRA and the City of Miami executed a Memorandum of Understanding
establishing the SEOPW CRA as the "developer" of the DRI; and
WHEREAS, the DRI includes a specified development program for development within
the east and west sides of the DRI; and
WHEREAS, 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; and
WHEREAS, 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; and
WHEREAS, this rebalances surplus credits to land uses with a deficit in credits and
identifying credits needed for future anticipated development; and
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THIS DOCUMENT I5 A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
WHEREAS, Section 2, Goal 2 at page 10 of the 2018 Southeast Overtown/Park West
Community Redevelopment Agency Updated Plan (the "Updated Plan") lists "[e]xpand[ing] the
Tax Base using Public -Privates principles... for sound real estate ... development, and creating
viable commercial corridors within the SEOPW CRA..." as a stated redevelopment goal; and
WHEREAS, 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
SEOPW CRA is considered the "developer" of the DRI, pursuant to Florida Statutes §380.06 (10)
and memorialized by a Memorandum of Understanding between the City of Miami and the
SEOPW CRA; and
WHEREAS, the Board of Commissioners finds that authorizing this Resolution would
further the SEOPW CRA 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 rebalancing of credits within
the DRI pursuant to the report prepared by Kimley-Horn and Associates dated April 12, 2021.
Section 3. The Executive Director is authorized to execute all documents necessary for said
purpose.
Section 5. This Resolution shall become effective immediately upon its adoption.
fAw
Southeast Overtown/Park West
Community Redevelopment Agency
File Type: CRA Resolution
Enactment Number:
File Number: 9394 final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF T E SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT • GENCY
RECOMMENDING AUTHORIZATION OF AMENDMENT OF EOPW DEVELOPMENT
OF REGIONAL IMPACT ("DRI"), INCREMENT 3 CREDIT , AUTHORIZING THE
EXECUTIVE DIRECTOR TO EXCUTE ALL DOCUMENT. NECESSARY FOR SAID
PURPOSE.
WHEREAS, the Southeast OvertownlPark We Community Redevelopment Agency
("SEOPW CRA") is a community redevelopment . _ency created pursuant to Chapter 163,
Florida Statutes, and is responsible for carrying o Community Redevelopment activities and
projects within its redevelopment area in accord ° ce with the 2018 Southeast OvertownlPark
West Redevelopment Updated Plan (the "Updat Plan"); and
WHEREAS, under Florida Sta es, Section 163.340(9) of the Community
Redevelopment Act, (the "Act"), "comm ty redevelopment means projects of a ... community
redevelopment agency in a community development area for the elimination and prevention of
the development or spread of slum an •light"; and
WHEREAS, the Southe. OvertownlPark West Development of Regional Impact
("DRI") was created to address e critical concerns of housing, economic development, and the
elimination and prevention of um and blight within the SEOPW CRA area. DRIs act as credits
against impact fees in that ey implement a procedure that credits a development order fee
towards an impact fee im sed by local ordinance for the same need; and
WHEREAS, DRI includes a specified development program for development within
the east and west si . s of the DRI; and
WHER S, since the implementation of Increment III of the DRI, the SEOPW CRA has
found that it i necessary to adjust the development program between the east and west sides of
the DRI in rder to appropriately encourage and facilitate the development of housing and
employrn . t opportunities within the DRI; and
HEREAS, Kimley-Horn and Associates has prepared a memorandum summarizing the
ana • sis of the proposed rebalancing of the SEOPW CRA DRI program. The analysis was based
o e the information provided by the City's Planning Department and the SEOPW CRA staff, an
emonstrates the need for rebalancing as depicted in Table 3 of the attached Exhibit A and
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WHEREAS, this rebalances surplus credits to land uses with a deficit in credits and
identifies credits needed for future anticipated development; and
WHEREAS, Section 2, Goal 2 at page 10 of the Updated Plan lists "[e]xpan ing] the
Tax Base using Public -Private principles... for sound real estate ... development, . d creating
viable commercial corridors within the SEOPW CRA..." as a stated redevelopmen :,oal; and
WHEREAS, the Board of Commissioners finds that authorizing this ' esolution would
further the SEOPW CRA redevelopment goals and objectives.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COM+ ISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDE LOPMENT AGENCY
OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the P eamble to this Resolution are
adopted by reference and incorporated herein as if fully set fo in this Section.
Section 2. The Board of Commissioners hereby thorizes the rebalancing of credits
within the DRI pursuant to the report prepared by Kim -Horn and Associates dated April 12,
2021,
Section 3. The Executive Director is aut zed to execute all documents necessary for
said purpose.
Section 5. This Resolution shall be • e effective immediately upon its adoption.
APPROVED AS TO FORM AND LE .AL SUFFICIENCY:
Anna -Bo anuel, hief Legs ounsel 7/15/2021
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