HomeMy WebLinkAboutCRA-R-22-0034 MemorandumSEOPW Board of Commissioners Meeting
July 28, 2022
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Christine King
and Members of the CRA
Board
From: James McQueen
Executive Director
Date: July 22, 2022
File: 12350
Subject: SEOPW CRA and Block 55
Residential Partners, L.P.
Enclosures: FILE # 12350- Exhibit A
BACKGROUND:
This Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("SEOPW CRA") amending resolution CRA-R-22-0026.
"Exhibit A", The Memorandum of Understanding ("MOU"), benefits the SEOPW CRA by permitting the
transfer/sale of unused development rights in exchange for a financial return to the SEOPW CRA.
Resolution CRA-R-22-0026 with Exhibit "A", approved a MOU between SEOPW CRA and Block 55
Residential Partners, L.P. for the unused development rights. However, the incorrect MOU was attached
as an Exhibit "A." This resolution seeks approval with the correct Exhibit "A" as attached.
JUSTIFICATION:
Florida Statutes, Section 163.370(2)(e)(4) of the Community Redevelopment Act authorizes the disposal
of real property.
Section 2, Goal 3 on page 11 of the Southeast Overtown/Park West Community Redevelopment Plan
("Plan") lists the "creat[ion of] infill housing, diversity in housing types, and retaining affordable housing,
as a stated redevelopment goal.
Section 2, Goal 4 and 6 on page 11 of the Plan lists the "creat[ion of] jobs within the community" and
"improving quality of life for residents" as stated redevelopment goals.
Section 2, Principle 4 on page 14 of the Plan provides that "Mlle neighborhood... retain access to
affordable housing..." as a stated redevelopment principle.
Section 2, Principle 4 on page 14 of the Plan provides that "employment opportunities be made available
to existing residents..." as a stated redevelopment principle.
Section 2, Principle 6 on page 15 of the Plan further provides that in order to "address and improve the
neighborhood economy and expand economic opportunities of present and future residents and businesses
[,] [it] is necessary to support and enhance existing businesses and... attract new businesses that provide
needed services and economic opportunities..." as a stated redevelopment principle.
FUNDING:
There is no financial impact to the SEOPW CRA, but the SEOPW CRA will receive not less than
$1,835,000.00 from its participation under the Memorandum of Understanding.
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AGENDA ITEM
FINANCIAL INFORMATION FORM
SEOPW CRA
CRA Board Meeting Date: July 28, 2022
CRA Section:
Approved by:
Approval:
Executive Director 7/22/2022
e
MigUel A Valcntil Finance Officer 7/22/2022
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Southeast Overtown/Park West
Community Redevelopment Agency
File Type: CRA Resolution
Enactment Number: CRA-R-22-0034
File Number: 12350 Final Action Date:7/28/2022
THIS RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, WITH
ATTACHMENT(S), AMENDMING RESOLUTION CRA-R-22-0026. "EXHIBIT A" THE
MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN SEOPW CRA AND
BLOCK 55 RESIDENTIAL PARTNERS, L.P. FOR THE UNUSED DEVELOPMENT
RIGHTS; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ANY AND ALL
DOCUMENTS REQUIRED TO CONSUMMATE THE TRANSACTION; PROVIDING
FOR INCORPORATION OF RECITALS; AND PROVIDING FOR AN EFFECTIVE
DATE.
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 2009 Southeast Overtown/Park West Community Redevelopment Plan
("Plan"); and
WHEREAS, Florida Statutes, Section 163.370(2)(e)(4) of the Community Redevelopment Act
authorizes the disposal of real property; and
WHEREAS, Section 2, Goal 3 on page 11 of the Plan lists the "creat[ion of] infill housing,
diversity in housing types, and retaining affordable housing, as a stated redevelopment goal; and
WHEREAS, Section 2, Goal 4 and 6 on page 11 of the Plan lists the "creat[ion of] jobs within the
community" and "improving quality of life for residents" as stated redevelopment goals; and
WHEREAS, Section 2, Principle 4 on page 14 of the Plan provides that "[t]he
neighborhood... retain access to affordable housing..." as a stated redevelopment principle; and
WHEREAS, Section 2, Principle 4 on page 14 of the Plan provides that "employment
opportunities be made available to existing residents..." as a stated redevelopment principle; and
WHEREAS, Section 2, Principle 6 on page 15 of the Plan further provides that in order to
"address and improve the neighborhood economy and expand economic opportunities of present and
future residents and businesses [,] [it] is necessary to] support and enhance existing businesses
and... attract new businesses that provide needed services and economic opportunities..." as a stated
redevelopment principle; and
WHEREAS, "Exhibit A", The Memorandum of Understanding ("MOU"), benefits the SEOPW CRA by
permitting the transfer/sale of unused development rights in exchange for a financial return to the
SEOPW CRA. Resolution CRA-R-22-0026 with Exhibit "A", approved a MOU between SEOPW CRA
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and Block 55 Residential Partners, L.P. for the unused development rights. However, the incorrect MOU
was attached as an Exhibit "A." This resolution seeks approval with the correct Exhibit "A" as attached.
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, as attached hereto and incorporated herein
as Exhibit "A", and approves the terms contained therein.
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:
ounsel 7/22/2022
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