HomeMy WebLinkAboutCRA-R-23-0034 Legislation-SUBSoutheast Overtown/Park West
Community Redevelopment Agency
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Legislation
CRA Resolution: CRA-R-23-0O34 �.�
File Number: 14360
Final Action Date:7/27/2023
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
("SEOPW CRA"), WITH ATTACHMENT(S), AMENDING RESOLUTION NUMBER
CRA-R-23-0017, INCORPORATED HEREIN AS EXHIBIT "A"; CORRECTING THE
DATE OF COMPLETION FOR THE SAWYER WALK PROJECT IN THE
AMENDED RESTRICTIVE COVENANT FROM MARCH 1, 2024 TO MARCH 1,
2025, HEREIN INCORPORATED AS EXHIBIT "B"; AUTHORIZING THE
EXECUTIVE DIRECTOR TO EXECUTE ANY AND ALL DOCUMENTS
REQUIRED TO EFFECTUATE THIS RESOLUTION AND THE AMENDMENT TO
THE RESTRICTIVE COVENANT, EXHIBIT "B"; PROVIDING FOR
INCORPORATION OF RECITALS AND 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 2018 Update Southeast Overtown/Park West Community Redevelopment
Plan Update ("Plan"); and
WHEREAS, The SEOPW CRA approved resolution CRA-R-23-0017 on April 27, 2023; and
WHEREAS; Exhibit "A" to resolution CRA-R-23-0017 had the incorrect date of completion as
March 2, 2024, instead of March 1, 2025, and
WHEREAS, Exhibit "B" corrects the date of completion to March 1. 2025; and
WHEREAS, Exhibit "B" attached hereto and incorporated herein and contains, in part, the
following:
1. Amendments.
(a) The second sentence of Section 4.1 of the Covenant is
hereby amended, restated and replaced in its entirety as follows:
"The Developer shall complete the Project, including Sawyer's Walk, as
hereinafter defined, substantially in accordance with the Plans as
evidenced by temporary and permanent certificates of occupancy for all of
the Residential Units included in the Plans and temporary certificates of
completion (or their equivalent) (with cold and dark shells for their
interiors) for all other components of the improvements comprising the
Project as reflected on the Plans ("Completion") on or before March 1,
2025 (the "Completion Date-)."
City of Miami
Page 1 of 2 File ID: 14360 (Revision: A) Printed On: 8/3/2023
THIS DOCUMENT IS A SUBSTITUTION TO
ORIGINAL. BACKUP ORIGINAL CAN BE
SEEN AT THE END OF THIS DOCUMENT.
Fide ki4.3&o-L.egis
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File ID: 14360 Enactment Number: CRA-R-23-0034
(b) Section 4.5 of the Covenant is hereby amended and restated
to read as follows:
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"4.5. Failure to Complete the Project. If the Developer has not achieved 0 Q '4
Completion on or prior to the Completion Date, as automatically extended 1- J u
one day for each day of Unavoidable Delay, and as same may be extended 1- z o
in accordance with Section 4.3, the Developer shall pay to the CRA, as m c
liquidated damages, Ten Thousand and No/100 Dollars ($10,000.00) per = o 1—
day for each day from Completion Date, as same may be extended until N a o
Completion." z z
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NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE 00 y
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE u a
CITY OF MIAMI, FLORIDA: a a
N it w
Section 1. The recitals and findings contained in the Preamble to this Resolution are = "
O v',
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 "B", and approves the terms contained therein.
Section 3. The Executive Director is authorized to execute any and all documents all -in
forms acceptable to the General Counsel required to consummate the transaction.
Section 4. Sections of this Resolution may be renumbered or re -lettered and correction 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 a public hearing, by filing a corrected copy of the same
with the SEOPW CRA Board Clerk.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
VLI e ounsel
7/20/2023
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C.
City of Miami Page 2 of 2 File ID: 14360 (Revision: A) Printed on: 8/3/2023
Southeast Overtown/Park West .
Community Redevelopment Agency
Legislation
An -3 PM 55
t
CRA Resolution: CRA-R-23-0034 r"
File Number: 14360
Final Action Date:7/27/2023
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAS
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
("SEOPW CRA"), WITH ATTACHMENT(S), AMENDING RESOLUTION NU' :ER
CRA-R-23-0017, INCORPORATED HEREIN AS EXHIBIT "A"; CORRECT •G THE
DATE OF COMPLETION FOR THE SWAYER WALK PROJECT IN TH
AMENDED RESTRICTIVE COVENANT FROM MARCH 1, 2024 TO CH 1,
2025, HEREIN INCORPORATED AS EXHIBIT "B"; AUTHORIZING E
EXECUTIVE DIRECTOR TO EXECUTE ANY AND ALL DOCUM S
REQUIRED TO EFFECTUATE THIS RESOLUTION AND THE . ENDMENT TO
THE RESTRICTIVE COVENANT, EXHIBIT "A"; PROVIDING ` •R
INCORPORATION OF RECITALS AND AN EFFECTIVE D*: " E.
WHEREAS, the Southeast Overtown/Park West Commun Redevelopment Agency ("SEOPW
CRA") is a community redevelopment agency created pursuant '• Chapter 163, Florida Statutes, and is
responsible for carrying out community redevelopment activi " s and projects within its Redevelopment
Area in accordance with the 2018 Update Southeast Ove n/Park West Community Redevelopment
Plan Update ("Plan"); and
WHEREAS, The SEOPW CRA approved re ution CRA-R-23-0017 on April 27, 2023; and
WHEREAS; Exhibit '`A" to resolution
March 2, 2024, instead of March 1, 2025, and
-R-23-0017 had the incorrect date of completion as
WHEREAS, Exhibit "B" corrects e date of completion to March 1. 2025; and
WHEREAS, Exhibit "B" a ched hereto and incorporated herein and contains, in part, the
following:
1. Ame ►'. ments.
(a) The second sentence of Section 4.1 of the Covenant is
hereby ended. restated and replaced in its entirety as follows:
"The %eveloper shall complete the Project, including Sawyer's Walk, as
her. ' after defined, substantially in accordance with the Plans as
e denced by temporary and permanent certificates of occupancy for all of
e Residential Units included in the Plans and temporary certificates of
completion (or their equivalent) (with cold and dark shells for their
interiors) for all other components of the improvements comprising the
Project as reflected on the Plans ("Completion") on or before March 1,
2025 (the '`Completion Date")."
(b) Section 4.5 of the Covenant is hereby amended and restated
to read as follows:
City of Miami Page 1 of 2 File ID: 14360 (Revision:) Printed On: 8/3/2023
Enactment Number: CRA-R-23-0034
File ID: 14360
`'4.5. Failure to Complete the Project. If the Developer has not achieved Completioi • n or
prior to the Completion Date, as automatically extended one day for each day of Un. oidable
Delay, and as same may be extended in accordance with Section 4.3, the Develop shall pay to
the CRA, as liquidated damages, Ten Thousand and No/100 Dollars ($10,000.01 per
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
re r ounsel 7/20/2023
SUBSTITUTED
City of Miami
Page 2 of 2 File ID: 14360 (Revision:) Printed on: 8/3/2023