HomeMy WebLinkAboutCRA-R-23-0046 MemorandumSEOPW Board of Commissioners Meeting
September 28, 2023
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Christine King Date: October 30, 2023
and Members of the CRA
Board File: 14728
From: James McQueen
Executive Director
Subject: Purchase of Property at 350 NW 8th
Street and 360 NW 8th Street Miami,
Florida 33136
Enclosures: File # 14728 - Exhibit A
File # 14728 - Exhibit B
BACKGROUND:
A Resolution of the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("SEOPW CRA") with attachment(s), authorizing the Executive Director to
execute a purchase and sale agreement ("Agreement") (Exhibit "A"), between the SEOPW CRA and
Gloria B. Lewis ("Seller"), for the acquisition of the real properties located at: 350 N.W. 8th Street; 360
N.W. 8th Street; 374 N.W. 8th Street; and 378 N.W. 8th Street, Miami, Florida 33136, containing an
approximate total adjusted area of 22,518 square feet ("Property"), as legally described in the agreement
for an amount not to exceed Three Million, Five Hundred Thousand Dollars, and No Cents
($3,500,000.00), the appraised value of the property, as depicted in Exhibit `B" pursuant to section
163.370, Florida Statutes, and the SEOPW CRA redevelopment plan, excluding subject to reasonable and
customary costs for surveys, environmental reports, and closing. The forgiveness of previous grants in the
amount of One -Million Four Hundred Twenty -Five Thousand Dollars and Zero Cents ($1,425,000.00)
and the cancellation of a previously given note and mortgage in the amount of Eighty -Eight Thousand
Dollars and Zero Cents ($88,000.00) to the Seller. Further authorizing the Executive Director to negotiate
and execute all necessary documents, including any amendments and modification to said agreement, in a
form acceptable to General Counsel and special outside Counsel William Bloom from Holland & Knight,
LLP, that may be necessary to effectuate said acquisition.
The Property is the current site of People's Bar-B-Que Restaurant ("People's") that is under renovation
and nearly complete. People's has been a long-standing business in the Redevelopment Area and the
seller wishes to sell the business and Property. The purchase of the Property by the SEOPW CRA allows
for the possibility that the business and perhaps the `People's Bar-B-Que' name can remain at its current
location.
JUSTIFICATION:
The 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 (the "Plan").
The proposed acquisition of the Property is consistent with Section 1 of the Plan on page 10.
FUNDING:
$3,500,000.00 allocated from 10050.920101.661000.0000.00000 Purchase of Land
FACT SHEET:
Company name: Gloria B. Lewis (an individual)
Address: 350 N.W. 8th Street; 360 N.W 8th Street; 374 N.W. 8th Street; and 378 N.W. 8th Street, Miami,
FL 33136.
Funding request: $3,500,000.
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AGENDA ITEM
FINANCIAL INFORMATION FORM
SEOPW CRA
CRA Board Meeting Date: September 28, 2023
CRA Section:
Brief description of CRA Agenda Item:
Authorizing the purchase of the real estate properties owned by Mrs. Gloria B. Lewis in
an amount not to exceed $3,500,000.00.
Project Number
YES, there
Account Code:
(if applicable):
are sufficient funds in Line Item:
10050.920101.661000.0000.00000 Amount: $ 3, 5 0 0, 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:
Approved by:
Approval:
Executive Director 9/21/2023
Miguel A Valentin, ririarice Off;cer 9/21/2023
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Southeast Overtown/Park West
Community Redevelopment Agency
File Type: CRA Resolution
Enactment Number: CRA-R-23-0046
File Number: 14728 Final Action Date:9/28/2023
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW
CRA"), WITH ATTACHMENT(S), AUTHORIZING THE EXECUTIVE DIRECTOR TO
EXECUTE A PURCHASE AND SALE AGREEMENT ("AGREEMENT") (EXHIBIT "A")
INCORPORATED HEREIN, BETWEEN THE SEOPW CRA AND GLORIA B. LEWIS
("SELLER") FOR THE ACQUISITION OF THE REAL PROPERTIES LOCATED AT: 350
N.W. 8TH STREET; 360 N.W. 8TH STREET; 374 N.W. 8TH STREET; AND 378 N.W.
8TH STREET, MIAMI, FLORIDA 33136, CONTAINING AN APPROXIMATE TOTAL
ADJUSTED AREA OF 22,518 SQUARE FEET ("PROPERTY"), AS LEGALLY
DESCRIBED IN THE AGREEMENT FOR AN AMOUNT NOT TO EXCEED THREE
MILLION, FIVE HUNDRED THOUSAND DOLLARS, AND NO CENTS ($3,500,000.00),
THE APPRAISED VALUE OF THE PROPERTY AS DEPICTED IN EXHIBIT "B",
ATTACHED AND INCORPORATED HEREIN, PURSUANT TO SECTION 163.370,
FLORIDA STATUTES, AND THE SEOPW CRA REDEVELOPMENT PLAN, SUBJECT
TO REASONABLE AND CUSTOMARY COSTS FOR SURVEY, ENVIRONMENTAL
REPORTS, TITLE INSURANCE AND CLOSING COSTS; ALLOCATING FUNDS
FROM ACCOUNT TITLED PURCHASE OF REAL PROPERTY, ACCOUNT NUMBER
10050.920101.662000.0000.00000; THE FORGIVENESS OF PREVIOUS GRANTS IN
THE AMOUNT OF ONE -MILLION FOUR HUNDRED TWENTY FIVE THOUSAND
DOLLARS AND ZERO CENTS ($1,425,000.00) AND THE CANCELLATION OF A
PREVIOUSLY GIVEN NOTE AND MORTGAGE IN THE AMOUNT OF EIGHTY-EIGHT
THOUSAND DOLLARS AND ZERO CENTS ($88,000.00) TO THE SELLER;
FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND
EXECUTE ALL NECESSARY DOCUMENTS, INCLUDING ANY AMENDMENTS AND
MODIFICATIONS TO SAID AGREEMENT, IN A FORM AND TERMS CONSISTENT
WITH EXHIBIT "A" AND ACCEPTABLE TO THE GENERAL COUNSEL AND SPECIAL
OUTSIDE COUNSEL WILLIAM BLOOM, OF HOLLAND & KNIGHT, LLP, THAT MAY
BE NECESSARY TO EFFECTUATE SAID ACQUISITION; PROVIDING FOR THE
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 (the "Plan"); and
WHEREAS, SEOPW CRA wishes to acquire the real properties currently owned by Gloria
B. Lewis ("Seller") located 350 N.W. 8th Street; 360 N.W. 8th Street; 374 N.W. 8th Street; and 378
N.W. 8th Street, Miami, Florida 33136, containing an approximate total adjusted area of 22,518
Page 4 of 6
square feet ("Property"), as legally described in the Purchase and Sale Agreement ("Agreement"),
in a form acceptable to Counsel(s) for the SEOPW CRA.; and
WHEREAS, 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
WHEREAS, the proposed acquisition of the Property is consistent with Section 1 of the Plan at
page 10; and
WHEREAS, the SEOPW CRA's estimated total cost for the acquisition of the Property will not
exceed Three Million, Five Hundred Thousand Dollars, and No Cents ($3,500,000.00), the appraised
value of the Property as depicted in Exhibit "B" attached and incorporated herein, pursuant to section
163.370, Florida Statutes, and the SEOPW CRA Redevelopment Plan, excluding reasonable and
customary costs for a survey, environmental reports, title insurance and closing costs;
WHEREAS, as a condition of the purchase, the SEOPW CRA shall forgive a grant in the amount
of One -million Four Hundred Twenty -Five Thousand Dollars and Zero Cents ($1,425,000.00) and cancel
a mortgage and note in the amount of Eighty -Eight Thousand Dollars and Zero Cents ($88,000.00) to the
Seller.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY:
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. Pursuant to Section 163.370, Florida Statutes, and the Plan, the Executive
Director is authorized to execute the Agreement, in a form acceptable to Counsel of the SEOPW CRA
for the acquisition of the Property for a total purchase price not to exceed the appraised value.
Section 3. The Executive Director is further authorized to negotiate and execute any and all
necessary documents, including any amendments and modifications to said Agreement, in a form
acceptable to Counsel, as may be necessary to effectuate said acquisition, with funds allocated from
account number 10050.920101.662000.0000.00000, to cover the cost of said acquisition, excluding
reasonable and customary costs for a survey, environmental report, title insurance, and related closing
costs associated with said acquisition, in accordance with the terms and conditions of the Agreement.
Section 4. The Executive Director shall issue a report on the status of this potential
acquisition within 14 days of the passage of this resolution.
Section 5. 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 the
Executive Director's designee, without need of public hearing, by filing a corrected copy of same with the
City of Miami City Clerk.
Section 6. This Resolution shall be effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
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ounsel 9/21 /2023
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