HomeMy WebLinkAboutCRA-R-23-0035 MemorandumSEOPW Board of Commissioners Meeting
July 27, 2023
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 28, 2023
File: 14361
Subject: Bryant Miller Olive serving as Bond
Counsel
Enclosures: File # 14361 - Backup
BACKGROUND:
A Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("SEOPW CRA") retains Bryant Miller Olive to serve as Bond Counsel to assist
with issuing municipal bonds and bond related services ("Purpose") to further the initiatives set forth in
the SEOPW CRA redevelopment plan ("Plan"). The Purpose of Bryant Miller Olive serving as Bond
Counsel will further the objectives and goals set forth in the Plan.
JUSTIFICATION:
Section 2, Goals and Principles, Goal #1: Preserve Historic Buildings & Community Heritage.
Section 2, Goals and Principles, Goal #4: Create Jobs within the Community.
Section 2, Goals and Principles, Goal #6: Improve the Quality of Life for Residents.
Section 2, Goals and Principles, Principle #5: Walkable Streets.
Section 2, Goals and Principles, Principle #10: Attractive Streets & Buildings Foster Strong Identity.
Section 2, Goals and Principles, Principle #14: Restore Distinctive Community Identity.
FUNDING:
Bond counsel fees will be offset against bond proceeds.
There is no fiscal impact in fiscal year 2024's tax increment budget.
FACT SHEET:
Company name: Bryant Miller Olive
Address: 1 S.E. 3rd Avenue, Suite 2200, Miami, FL, 33131
Scope of work or services (Summary): Assist with issuing municipal bonds and bond related services to
further the initiatives set forth in the SEOPW CRA redevelopment plan.
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AGENDA ITEM
FINANCIAL INFORMATION FORM
SEOPW CRA
CRA Board Meeting Date: July 27, 2023
CRA Section:
Approved by:
Approval:
1
Executive Director 7/20/2023
Miguel A Valentin, :riarice Off;cer 7/20/2023
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Southeast Overtown/Park West
Community Redevelopment Agency
File Type: CRA Resolution
Enactment Number: CRA-R-23-0035
File Number: 14361 Final Action Date:7/27/2023
A RESOLUTION OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY
REDEVELOPMENT AGENCY (SEOPW CRA) RETAINS BRYANT MILLER OLIVE TO
SERVE AS BOND COUNSEL TO ASSIST WITH ISSUING MUNICIPAL BONDS AND
BOND RELATED SERVICES ("PURPOSE") TO FURTHER THE INITIATIVES SET
FORTH IN THE SEOPW CRA REDEVELOPMENT PLAN UPDATE ("PLAN");
FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND
EXECUTE AN AGREEMENT, INCLUDING ANY AND ALL DOCUMENTS
NECESSARY, ALL IN FORMS ACCEPTABLE TO THE GENERAL COUNSEL FOR
THE PURPOSE STATED HEREIN; PROVIDING FOR INCORPORATION OF
RECITALS; 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 2018 Southeast Overtown/Park
West Redevelopment Plan Update (the "Plan"); and
WHEREAS, The Executive Director recommends Bryant Miller Olive to be retained to
serve as Bond Counsel for the intended municipal bond issuance and related services
("Purpose"); and
WHEREAS, The Purpose of Bryant Miller Olive serving as Bond Counsel will further
the objectives and goals set forth in the Plan; and
WHEREAS, The Board finds that it is in the best interest of the SEOPW CRA to retain
the services of Bryant Miller Olive as Bond Counsel; and
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 Executive Director is authorized to negotiate and execute an
agreement with Bryant Miller Olive for Bond Counsel services, including any and all necessary
documents and all -in forms acceptable to the General Counsel, for said Purpose and to bring the
final agreement back to the Board for approval.
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Section 3. 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 its designee, without the need of public hearing, by filing a corrected copy
of same with the City Clerk.
Section 4. This Resolution shall take effect immediately upon adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
i
itfce Br , ounsel 7/20/2023
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