HomeMy WebLinkAboutCRA-R-24-0001 MemorandumSEOPW Board of Commissioners Meeting
January 25, 2024
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Christine King Date: February 13, 2024
and Members of the CRA
Board File: 15433
From: James McQueen
Executive Director
Subject: Acquisition of 491 N.W. 19th Street,
Unit 358
Enclosures: File # 15433 - Exhibit A
File # 15433 - 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 enter
into a Purchase and Sale Agreement ("Agreement") (Exhibit "A"), further authorizing General Counsel
from Holland & Knight, LLP, for the representation of the SEOPW CRA on all matters related to a Title
Commitment and Policy, a Phase I Environmental Site Assessment Report (and Phase II if required), a
survey, and representation at closing in a form acceptable to General Counsel, between the SEOPW CRA
and Sheila I. Miller Marshall ("Seller"), for the acquisition of the real property located at 491 N.W. 191
Street, Unit 358, Miami, Florida, 33136, containing an approximate total adjusted area of 782 square feet
("Property"), as legally described in the Agreement for an amount not to exceed Two Hundred and
Twenty -Three Thousand Dollars and Zero Cents ($223,000.00), the appraised value of the Property
(Exhibit `B"), pursuant to section 163.370, Florida Statutes, and the SEOPW CRA redevelopment plan.
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.
FUNDING:
$223,000.00 allocated from SEOPW CRA "Purchase of Real Property" Account No.
10050.920101.661000.0000.00000.
FACT SHEET:
Name: Sheila I. Miller Marshall
Address: 491 N.W. 19th Street, Unit 358 Miami, Florida 33136
Funding request: $223,000.00
Scope of work or services (Summary): The acquisition of 491 N.W. 19th Street, Unit 358 Miami,
Florida 33136, containing an approximate 782 square feet ("Property").
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AGENDA ITEM
FINANCIAL INFORMATION FORM
SEOPW CRA
CRA Board Meeting Date: January 25, 2024
CRA Section:
Brief description of CRA Agenda Item:
Authorizing the purchase agreement to acquire property located at v491 NW 19th in an
amount not to exceed $223,000.00
Project Number
YES, there
Account Code:
(if applicable):
are sufficient funds in Line Item:
10050.920101.662000.0000.00000 Amount: $ 2 2 3, 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 1/18/2024
Miguel A Valentin, ririarice Off;cer 1/18/2024
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Southeast Overtown/Park West
Community Redevelopment Agency
File Type: CRA Resolution
Enactment Number: CRA-R-24-0001
File Number: 15433 Final Action Date:1/25/2024
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 THE PURCHASE AND SALE AGREEMENT IN SUBSTANTIALLY THE
FORM ATTACHED HERETO AS EXHIBIT "A" ("AGREEMENT") BETWEEN THE
SEOPW CRA AND SHEILA I. MILLER MARSHALL ("SELLER"), FOR THE
ACQUISITION OF THE REAL PROPERTY LOCATED 491 N.W. 19TH STREET, UNIT
358, MIAMI, FLORIDA, 33136, CONTAINING AN APPROXIMATE TOTAL ADJUSTED
AREA OF 782 SQUARE FEET, AS LEGALLY DESCRIBED IN THE APPRAISAL
REPORT ATTACHED AND INCORPORATED AS EXHIBIT "B" ("PROPERTY"),
PURSUANT TO SECTION 163.370, FLORIDA STATUTES AND THE SEOPW CRA
REDEVELOPMENT PLAN, FOR AN AMOUNT NOT TO EXCEED TWO HUNDRED
TWENTY-THREE THOUSAND DOLLARS AND ZERO CENTS ($223,000.00);
ALLOCATING FUNDS FROM ACCOUNT TITLED PURCHASE OF REAL PROPERTY,
ACCOUNT NUMBER 10050.920101.662000.0000.00000; AUTHORIZING THE
EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ALL OTHER DOCUMENTS
NECESSARY, INCLUDING ANY AMENDMENTS AND MODIFICATIONS TO SAID
AGREEMENT OR OTHER DOCUMENTS NECESSARY TO PROCURE SURVEYS,
ENVIRONMENTAL REPORTS, TITLE INSURANCE, OR OTHER RELATED CLOSING
COSTS AND SERVICES, ALL IN FORMS ACCEPTABLE TO THE GENERAL
COUNSEL, ALL IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE
AGREEMENT; DIRECTING THE EXECUTIVE DIRECTOR TO PROVIDE A REPORT
ON THE STATUS OF THE POTENTIAL ACQUISITION TO THE BOARD WITHIN
SIXTY (60) DAYS OF ADOPTION OF THIS RESOLUTION; FURTHER AUTHORIZING
THE EXECUTIVE DIRECTOR TO ENGAGE WILLIAM BLOOM OF THE HOLLAND
AND KNIGHT LAW FIRM TO REPRESENT THE SEOPW CRA ON ALL MATTERS
RELATED THE CONSUMMATION OF THE SALE; AND 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 Community
Redevelopment Plan Update (the "Plan"); and
WHEREAS, the SEOPW CRA desires to acquire the real properties currently owned
Sheila I. Miller Marshall ("Seller") located at 491 N.W. 19th Street, Unit 358 Miami, Florida
33136, containing an approximate total adjusted area of 782 square feet ("Property"), as legally
described in the Purchase and Sale Agreement ("Agreement"), attached and incorporated herein
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as Exhibit "A"; and
WHEREAS, the SEOPW CRA wishes to purchase the Property for an amount not to
exceed Two Hundred Twenty -Three Thousand Dollars and Zero Cents ($223,000.00), the
appraised value of the Property as indicated in the Appraisal Report attached and incorporated as
Exhibit "B"; and
WHEREAS, the SEOPW CRA finds it necessary and appropriate to the retain the services
of William Bloom of the Holland and Knight law firm to represent the SEOPW CRA on all matters
related to the Property, including obtaining a Title Commitment and Policy, Phase I Environmental
Site Assessment Report (and Phase II, if required), Survey, and representation at closing; and
WHEREAS, the proposed acquisition of the Property is consistent with Section one (1) of the
Plan; and
WHEREAS, the SEOPW CRA finds it necessary and appropriate to expend funds to cover the
cost of acquisition, including but not limited to, the cost of a survey, environmental report, title
insurance, and any other reasonably related closing costs associated with said acquisition;
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. The Executive Director is authorized' to execute the Agreement in
substantially the form attached hereto as Exhibit "A" between the SEOPW CRA and the Seller for the
acquisition of the Property for an amount not to exceed Two Hundred and Twenty -Three Thousand
Dollars and Zero Cents ($223,000.00).
Section 3. Funds in the amount of Two Hundred and Twenty -Three Thousand Dollars
and Zero Cents ($223,000.00) shall be allocated from the account titled Purchase of Real Property,
Account No. 10050.920101.662000.0000.00000 for the acquisition of the Property and related closing
costs.
Section 4. The Executive Director is further authorized' to negotiate and execute any and all
other documents necessary, including any amendments and modifications to said Agreement or other
documents necessary to procure surveys, environmental reports, title insurance, or other related closing
costs and services, all in forms acceptable to the General Counsel, and all in accordance with the terms
and conditions of the Agreement.
Section 5. The Executive Director is hereby directed to provide a report on the status of the
potential acquisition to the Board of Commissioners within 60 days of the adoption of this resolution.
Section 6. The Executive Director is further authorized' to engage William Bloom of the
Holland and Knight law firm to represent the SEOPW CRA on all matters related to the consummation of
the sale.
' The herein authorization is further subject to compliance with all legal requirements that may be imposed,
including but not limited to those prescribed by applicable State law City Code provisions, as adopted by the
SEOPW CRA.
Page 5 of 6
Section 7. 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 Clerk.
Section 8. This Resolution shall be effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
ounsel 1/18/2024
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