HomeMy WebLinkAboutCRA-R-23-0040Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-23-0040
819 NW 2"d Ave
3rd Floor
Miami, FL 33136
www.seopwcra.com
File Number: 14369 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-23-0029, INCORPORATED HEREIN AS EXHIBIT "A"; INCREASING THE
PURCHASE PRICE SUBJECT TO THE APPRAISAL, INCORPORATED HEREIN
AS EXHIBIT "B", AND THE TERMS SET OUT IN THE TERMS SHEET, HEREIN
INCORPORATED AS EXHIBIT "C"; AUTHORIZING THE EXECUTIVE DIRECTOR
TO EXECUTE ANY AND ALL DOCUMENTS REQUIRED TO EFFECTUATE THIS
RESOLUTION; 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 Southeast Overtown/Park West Community Redevelopment Plan
Update ("Plan"); and
WHEREAS, The SEOPW CRA Board of Commissioners approved resolution CRA-R-23-0029,
Exhibit "A", on May 25, 2023; and
WHEREAS, Exhibit "A" authorized a purchase price of Two -Million Five Hundred Thousand
Dollars and Zero Cents ($2,500,000.00); and
WHEREAS, Exhibit "B" establishes an appraised value at Three -Million Nine Hundred Thirty -
Five Thousand Dollars and Zero Cents ($3,935,000.00); and
WHEREAS, Additional funds of One -Million Four Hundred Thirty -Five Thousand Dollars and
Zero Cents ($1,435,000.00) are required to purchase properties from St. John Institutional Missionary
Baptist Church, Inc. ("Seller"); and
WHEREAS, Exhibit "C" sets forth the baseline terms and conditions of the purchase; and
WHEREAS, The SEOPW CRA Board of Commissioners finds that authorizing this Resolution
would further the SEOPW CRA redevelopment goals and objectives; and
WHEREAS, The SEOPW CRA Board of Commissioners authorizes the Executive Director to
execute any and all documents required to consummate the transaction, all in forms acceptable to the
General Counsel, with the Seller subject to the availability of funds; 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:
City of Miami Page 1 of 2 File ID: 14369 (Revision: A) Printed On: 9/11/2025
File ID: 14369 Enactment Number: CRA-R-23-0040
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 authorize, as attached hereto and
incorporated herein as Exhibit "C", 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. 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 City Clerk.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
V ce Br tt ounsel 8/4/2023 a Br ounsel 7/20/2023
City of Miami Page 2 of 2 File ID: 14369 (Revision: A) Printed on: 9/11/2025