HomeMy WebLinkAboutCRA-R-23-0042 MemorandumSEOPW Board of Commissioners Meeting
September 28, 2023
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Christine King Date: November 6, 2023
and Members of the CRA
Board File: 14723
From: James McQueen
Executive Director
Subject: Retaining Weiss Serota, ET AL., to
serve as disclosure Counsel.
Enclosures: File # 14723 -Exhibit A
BACKGROUND:
A Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("SEOPW CRA") with attachment, retains Weiss Serota, ET AL., to serve as
disclosure 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 Weiss Serota,
ET AL., serving as disclosure Counsel will further the objectives and goals set forth in the Plan. Further
authorizing the Executive Director to negotiate and execute an agreement (Exhibit "A")
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: Weiss Serota, ET AL.
Address: 2800 Ponce de Leon Boulevard, 12th Floor, Coral Gables, FL 33134
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: September 28, 2023
CRA Section:
Approved by:
Approval:
1
Executive Director 9/21/2023
Miguel A Valentin, :,lance Off;cer 9/21/2023
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Southeast Overtown/Park West
Community Redevelopment Agency
File Type: CRA Resolution
Enactment Number: CRA-R-23-0042
File Number: 14723 Final Action Date:9/28/2023
A RESOLUTION OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY
REDEVELOPMENT AGENCY (SEOPW CRA) WITH ATTACHMENT, RETAINING
WEISS SEROTA, ET AL., TO SERVE AS DISCLOSURE 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 (EXHIBIT "A") ATTACHED AND
INCORPORATED HEREIN, 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 Weiss Serota, et al., to be retained to
serve as disclosure Counsel for the intended municipal bond issuance and related services
("Purpose"); and
WHEREAS, The purpose of Weiss Serota, et al., serving as disclosure Counsel will
further the objectives and goals set forth in the Plan; and
WHEREAS, The proposed tax increment bond issue, will be issued to provide
infrastructure improvements and affordable housing within the SEOPW CRA redevelopment
area.
WHEREAS, The Board finds that it is in the best interest of the SEOPW CRA to retain
the services of Weiss Serota, et al., as disclosure 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.
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Section 2. The Executive Director is authorized to negotiate and execute an
agreement (Exhibit "A") with Weiss Serota, et al., for Disclosure 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.
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 of Miami City Clerk.
Section 4. This Resolution shall take effect immediately upon adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
e Br ounsel 9/21/2023
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