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Home My WebLink AboutCRA-R-23-0040 Legislation-SUBm z v z o _ r c m to z A z c `n -n D O _ c n co v z O D c n m z z o0 m 0 Southeast Overtown/Park West Community Redevelopment Agency Legislation CRA Resolution: CRA-R-23-0040 4�pg ire# 3PM►;27 i`1'f ter.:. 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: 8/3/2023 �i le. # 1 430- Li251 s -Sue 1N3Wf1DOa SIHl 3O ON3 3H111/ N33S 39 NVD 1VNI9I21O df1N)d9 1VNI9IHO Ol NOIll1I1S9fS V SI 1N3WfDOd SIHI 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: ounsel 7/20/2023 c.i cam J City of Miami Page 2 of 2 File ID: 14369 (Revision: A) Printed on: 8/3/2023 C w C m v Southeast Overtown/Park West :- Community Redevelopment Agency Legislation File Number: 14369 CRA Resolution: CRA-R-23-0040 ' -8 Li: 27 Final Action Date:7l2'7/ 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-23-0029, INCORPORATED HEREIN AS EXHIBIT "A"; INCREASITHE PURCHASE PRICE SUBJECT TO THE APPRAISAL, INCORPORATE ► EREIN AS EXHIBIT "B", AND THE TERMS SET OUT IN THE TERMS SHE HEREIN INCORPORATED AS EXHIBIT "C"; AUTHORIZING THE EXECUT. i E DIRECTOR TO EXECUTE ANY AND ALL DOCUMENTS REQUIRED TO E. CTUATE THIS RESOLUTION; PROVIDING FOR INCORPORATION OF R TALS AND AN EFFECTIVE DATE. WHEREAS, the Southeast Overtown/Park West Commu-` y Redevelopment Agency ("SEOPW CRA") is a community redevelopment agency created pursua to Chapter 163, Florida Statutes, and is responsible for carrying out community redevelopment actiies and projects within its Redevelopment Area in accordance with the 2018 Southeast Overtow, ark West Community Redevelopment Plan Update ("Plan"); and WHEREAS, The SEOPW CRA Board o ommissioners approved resolution CRA-R-23-0029, Exhibit "A", on May 25, 2023; and WHEREAS, Exhibit "A" authori • a purchase price of Two -Million Five Hundred Thousand Dollars and Zero Cents ($2,500,000.00 '. nd WHEREAS, Exhibit "B" tablishes an appraised value at Three -Million Nine Hundred Thirty - Five Thousand Dollars and Zer• ' ents ($3,935,000.00): and WHEREAS, Add' •nal funds of One -Million Four Hundred Thirty -Five Thousand Dollars and Zero Cents ($1,435,001 d0) are required to purchase properties from St. John Institutional Missionary Baptist Church, Inc. ' .eller"); and WHER. S, Exhibit '`C'' sets forth the baseline terns and conditions of the purchase; and W • REAS, The SEOPW CRA Board of Commissioners finds that authorizing this Resolution would f er the SEOPW CRA redevelopment goals and objectives; and WHEREAS, The SEOPW CRA Board of Commissioners authorizes the Executive Director to ecute 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:) Printed On: 8/3/2023 File ID: 14369 Enactment Number: CRA-R-23-0040 Section 1. The recitals and findings contained in the Preamble to this esolution 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 a as Exhibit "A", and approves the terms contained therein. incorporated herein Section 3. The Executive Director is authorized to execute any d all documents required to consummate the transaction. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: e r ounsel 7/20/2023 741 City of Miami Page 2 of 2 File ID: 14369 (Revision:) Printed on: 8/3/2023