HomeMy WebLinkAboutCRA-R-23-0029 MemorandumSEOPW Board of Commissioners Meeting
May 25, 2023
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Christine King Date: June 2, 2023
and Members of the CRA
Board File: 14068
From: James McQueen
Executive Director
Subject: Purchase of Property - St. John
Institutional Missionary Baptist
Church, Inc.
Enclosures: File # 14068 - Back up
BACKGROUND:
A Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") wishes to acquire the real properties currently owned by St.
John Institutional Missionary Baptist Church, Inc. ("Seller") located at 1322 Northwest 3rd
Avenue, 311 Northwest 13th Street, and 1300 Northwest 3rd Avenue, Miami, Florida 33136,
containing an approximate total adjusted area of 26, 241 square feet ("Property"), as legally
described in the Purchase and Sale Agreement ("Agreement"), in a form acceptable to Counsel.
The proposed acquisition of the Property is consistent with Section 1 (one) of the Plan on
page 10 (ten). The CRA's estimated total cost for the acquisition of the Property will not exceed
the appraised value of the subject property plus the cost of a survey, environmental report, title
insurance, and related closing costs associated with said acquisition. It is in the best interest of
the CRA to authorize an amendment to the Covenant. William Bloom of the Holland and Knight
law firm can assist the General Counsel with the representation of the CRA on all matters related
to a title commitment and policy, a Phase I Environmental Site Assessment Report (and Phase II
if required), a survey, and representation at closing.
JUSTIFICATION:
Pursuant to Section 163.370, Florida Statutes, and the Plan, the CRA plans to develop the
Property to enhance the quality of life in the surrounding area and address slum and blight; and
Section 1 of the Plan at page 10, the proposed acquisition of the Property is consistent with the
Plan.
FUNDING:
FACT SHEET:
Company name: St. John Institutional Missionary Baptist Church, Inc.
Address: 1322 Northwest 3rd Avenue, 311 Northwest 13t' Street, and 1300 Northwest 3rd
Avenue, Miami, Florida 33136, containing an approximate total adjusted area of 26, 241 square
feet ("Property").
Scope of work or services (Summary): The Seller St. John Institutional Missionary Baptist
Church, Inc. and the proposed acquisition of the Property is consistent with Section 1 (one) of
the Plan on page 10 (ten). The CRA's estimated total cost for the acquisition of the Property will
not exceed the appraised value of the subject Property plus the cost of a survey, environmental
report, title insurance, and related closing costs associated with said acquisition.
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AGENDA ITEM
FINANCIAL INFORMATION FORM
SEOPW CRA
CRA Board Meeting Date: May 25, 2023
CRA Section:
Brief description of CRA Agenda Item:
Authorizing the purchase of property — St. John Institutional Missionary Baptist Church,
Inc. in the amount of $2,500,000.00.
Project Number
YES, there
Account Code:
(if applicable):
are sufficient funds in Line Item:
10050.920101.662000.0000.00000 Amount: $ 2, 5 0 0, 0 0 0.0 0
NO (Complete the following source of funds information):
Amount budgeted in the line item: $
Balance in the line item: $
Amount needed in the line item: $
Sufficient funds will be transferred from the following line items:
ACTION
ACCOUNT NUMBER
TOTAL
Project No./Index/Minot Object
From
$
To
$
From
$
To
$
Comments:
Approved by:
Approval:
Executive Director 6/2/2023
Miguel A Valentin, ririarice Of;cer 6/2/2023
Page 3 of 6
Southeast Overtown/Park West
Community Redevelopment Agency
File Type: CRA Resolution
Enactment Number: CRA-R-23-0029
File Number: 14068 Final Action Date:5/25/2023
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"),
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE A PURCHASE AND
SALE AGREEMENT ("AGREEMENT"), IN A FORM ACCEPTABLE TO COUNSEL,
BETWEEN THE CRA AND ST. JOHN INSTITUTIONAL MISSIONARY BAPTIST
CHURCH INC. FOR THE ACQUISITION OF THE REAL PROPERTIES LOCATED AT
1322 NW 3 AVENUE, 311 NW 13 STREET, AND 1300 NW 3 AVENUE MIAMI,
FLORIDA 33136, CONTAINING AN APPROXIMATE TOTAL ADJUSTED AREA OF
26,241 SQUARE FEET ("PROPERTY"), AS LEGALLY DESCRIBED IN THE
AGREEMENT FOR A TOTAL PURCHASE PRICE NOT TO EXCEED TWO MILLION
FIVE HUNDRED THOUSAND DOLLARS ($2,500,000.00), CONTINGENT UPON THE
CRA OBTAINING A WRITTEN APPRAISAL FROM A LICENSED FLORIDA
APPRAISER STATING THAT THE APPRAISED VALUE OF THE PROPERTY, IS AT A
MINIMUM, THE REFERENCED AMOUNT HEREIN, PURSUANT TO SECTION
163.370, FLORIDA STATUTES, AND THE CRA REDEVELOPMENT PLAN, WITH THE
OPTION TO REPURCHASE THE PROPERTY AT A LATER DATE, AS SPECIFIED IN
THE AGREEMENT; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO
NEGOTIATE AND EXECUTE ALL NECESSARY DOCUMENTS, INCLUDING ANY
AMENDMENTS AND MODIFICATIONS TO SAID AGREEMENT, IN A FORM
ACCEPTABLE TO COUNSEL, TO EFFECTUATE SAID ACQUISITION; ALLOCATING
FUNDS FROM ACCOUNT TITLED PURCHASE OF REAL PROPERTY, IN A TOTAL
AMOUNT NOT TO EXCEED THE APPRAISED VALUE PLUS THE COST OF A
SURVEY, ENVIRONMENTAL REPORT, TITLE INSURANCE, AND RELATED
CLOSING COSTS ASSOCIATED WITH THE ACQUISITION, IN ACCORDANCE WITH
THE TERMS AND CONDITIONS OF THE AGREEMENT; FURTHER AUTHORIZING
THE COUNSEL TO ENGAGE WILLIAM BLOOM OF THE HOLLAND AND KNIGHT
LAW FIRM AS OUTSIDE COUNSEL FOR THE REPRESENTATION OF THE CRA ON
ALL MATTERS RELATED TO A TITLE COMMITMENT AND POLICY, A PHASE I
ENVIRONMENTAL SITE ASSESSMENT REPORT (AND PHASE II IF REQUIRED), A
SURVEY, AND REPRESENTATION AT CLOSING; PROVIDING FOR THE
INCORPORATION OF RECITALS AND AN EFFECTIVE DATE.
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 Community Redevelopment Plan Update (the "Plan"); and
Page 4 of 6
WHEREAS, the CRA wishes to acquire the real properties currently owned by St.
John Institutional Missionary Baptist Church, Inc. ("Seller") located at 1322 Northwest 3rd
Avenue, 311 Northwest 13th Street, and 1300 Northwest 3rd Avenue, Miami, Florida
33136, containing an approximate total adjusted area of 26, 241 square feet ("Property"),
as legally described in the Purchase and Sale Agreement ("Agreement"),
in a form acceptable to Counsel; and
WHEREAS, pursuant to Section 163.370, Florida Statutes, and the Plan, the CRA plans
to develop the Property to enhance the quality of life in the surrounding area and address slum
and blight; and
WHEREAS, the proposed acquisition of the Property is consistent with Section 1 of the
Plan at page 10; and
WHEREAS, the CRA's estimated total cost for the acquisition of the Property will not
exceed the appraised value of the subject property plus the cost of a survey, environmental
report, title insurance, and related closing costs associated with said acquisition; and
WHEREAS, William Bloom of the Holland and Knight law firm can assist the General
Counsel with the representation of the CRA on all matters related to a title commitment and
policy, a Phase I Environmental Site Assessment Report (and Phase II if required), a survey,
and representation at closing;
WHEREAS, it is in the best interest of the CRA to authorize an amendment to the
Covenant;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY
REDEVELOPMENT AGENCY:
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. Pursuant to Section 163.370, Florida Statutes, and the Plan, the
Executive Director is authorized to execute the Agreement, in a form acceptable to the
General Counsel, between the CRA and the Seller for the acquisition of the Property for a
total purchase price not to exceed the appraised value.
Section 3. The CRA shall obtain a written appraisal from a licensed Florida
appraiser stating that the appraised value of the Property.
Section 4. The Executive Director is further authorized to negotiate and execute any
and all necessary documents, including any amendments and modifications to said Agreement,
in a form acceptable to Counsel, as may be necessary to effectuate said acquisition, with funds
allocated from account number 10050.920101.662000.0000.00000, to cover the cost of said
acquisition, plus the cost of a survey, environmental report, title insurance, and related closing
costs associated with said acquisition, in accordance with the terms and conditions of the
Agreement.
Page 5 of 6
Section 5. The Executive Director shall issue a report on the status of this potential
acquisition within 14 days of the passage of this resolution.
Section 6. The CRA is authorized to engage William Bloom of the Holland & Knight
law firm for the representation of the CRA on all matters related to a title commitment and
policy, a Phase I Environmental Site Assessment Report (and Phase II if required), a survey,
and representation at closing.
Section 7. Sections of this Resolution may be renumbered or re -lettered and
corrections of
typographical errors which do not affect the intent may be authorized by the Executive Director,
or the Executive Director's designee, without need of public hearing, by filing a corrected copy
of same with the City Clerk.
Section 8. This Resolution shall be effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
V ce Br u 3'i 'Fr CO sel 6/2/2023
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