HomeMy WebLinkAboutCRA-R-23-0040 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: August 3, 2023
File: 14369
Subject: St. John Institutional Missionary
Baptist Church, Inc.
Enclosures: File # 14369
File # 14369
File # 14369
File # 14369
Error Memo
File # 14369
SUB
- Exhibit A
- Exhibit B
- Exhibit C
- Scrivener's
- Legislation -
BACKGROUND:
A Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("SEOPW CRA") Exhibit "A", amending resolution CRA-R-23-0029, which
approved Two -Million Five Hundred Thousand Dollars and Zero Cents ($2,500,000.00) on May 25,
2023, for the purchase of St. John Institutional Missionary Baptist Church, Inc. ("Seller"). Exhibit `B"
establishes the appraised value at Three -Million Nine Hundred Thirty -Five Thousand Dollars and Zero
Cents ($3,935,000.00). Additional funds of One -Million Four Hundred Thirty -Five Thousand Dollars and
Zero Cents ($1,435,000.00) required to purchase the Seller properties. Exhibit "C", sets forth the baseline
teiius and conditions of the purchase between the SEOPW CRA and the Seller.
JUSTIFICATION:
Pursuant to Section 163.370, Florida Statutes, and the Plan, the SEOPW 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:
Account number 10050.920101.662000.0000.00000.
FACT SHEET:
Company name: St. John Institutional Missionary Baptist Church, Inc.
Address: 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 ("Properties").
Appraised Value: $3,935,000.00
Scope of work or services (Summary): The Seller St. John Institutional Missionary Baptist Church, Inc.
and the acquisition of the Properties is consistent with Section 1 (one) of the Plan on page 10 (ten).
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AGENDA ITEM
FINANCIAL INFORMATION FORM
SEOPW CRA
CRA Board Meeting Date: July 27, 2023
CRA Section:
Brief description of CRA Agenda Item:
Authorizing additional funds in the amount of $1,435,000.00, for the purchase of St.
John Institutional Missionary Baptist Church, Inc.
Project Number
YES, there
Account Code:
(if applicable):
are sufficient funds in Line Item:
10050.920101.662000.0000.00000 Amount: $1 , 4 3 5 , 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: The total appraised property value is $3,935,000.00. The amount of
$2,500,000.00 was already earmarked and approved on May 25th, 2023 by the SEOPW
CRA's Board for the same purpose.
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Approved by:
Approval:
Miguel A Valcnt r , Finance Officer
Executive Director 7/20/2023
7/20/2023
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Southeast Overtown/Park West
Community Redevelopment Agency
File Type: CRA Resolution
Enactment Number: CRA-R-23-0040
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
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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 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
8/4/2023 e Br , ounsel 7/20/2023
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