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Home My WebLink AboutSEOPW CRA 2024-10-24 MinutesCity of Miami 819 NW 2nd Ave 3rd Floor Miami, FL 33136 http://miamicra.com Meeting Minutes Thursday, October 24, 2024 10:00 AM City Hall 3500 Pan American Drive Miami, FL 33133 SEOPW Community Redevelopment Agency Christine King, Chair, District Five Miguel Angel Gabela, Board Member, District One Damian Pardo, Board Member, District Two Joe Carollo, Board Member, District Three Manolo Reyes, Board Member, District Four SEOPW CRA OFFICE ADDRESS: 819 NW 2ND AVENUE, 3RD FLOOR MIAMI, FL 33136 Phone: (305) 679-6800 I Fax (305) 679-6835 www.miamicra.com Southeast Overtown/Park West CRA Meeting Minutes October 24, 2024 CALL TO ORDER Present: Chairwoman King, Commissioner Gabela, Commissioner Pardo and Commissioner Reyes Absent: Commissioner Carollo On the 24th day of October 2024, the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency of the City of Miami met in regular session at Miami City Hall located at 3500 Pan American Drive, Miami, Florida. The meeting was called to order by Chairwoman King at 3:11 p.m., and was adjourned at 3:18 p.m. ALSO PRESENT: James McQueen, Executive Director, CRA Vincent Brown, Deputy Executive Director, CRA Xavier Alban, Assistant City Attorney, Supervisor Todd B. Hannon, Clerk of the Board CRA PUBLIC COMMENTS Chair King: At this time, I will open the floor for public comment. If there's anyone here that would like to speak on any of the items that were identified today for this meeting, please step forward. Seeing none, public comment period is now closed. SEOPW CRA Page 1 Printed on 12/4/2024 Southeast Overtown/Park West CRA Meeting Minutes October 24, 2024 MINUTES APPROVAL 1. SOUTHEAST OVERTOWN/PARK WEST CRA - REGULAR - SEP 7, 2024 10:15 AM MOTION TO: Approve RESULT: APPROVED MOVER: Manolo Reyes, Board Member, District Four SECONDER: Damian Pardo, Board Member, District Two AYES: King, Gabela, Pardo, Reyes ABSENT: Carollo Chair King: If I may have a motion to approve the meeting minutes for September 7th 2024, and September 26th, 2024. Board Member Reyes: Move. Chair King: 1 have a motion. Board Member Pardo: Second. Chair King: I have a second. All in favor? The Board Members (Collectively): Aye. Chair King: Motion carries unanimously. 2. SOUTHEAST OVERTOWN/PARK WEST CRA - REGULAR - SEP 26, 2024 10:00 AM MOTION TO: Approve RESULT: APPROVED MOVER: Manolo Reyes, Board Member, District Four SECONDER: Damian Pardo, Board Member, District Two AYES: King, Gabela, Pardo, Reyes ABSENT: Carollo Note for the Record: For minutes referencing Item 2 under "Minutes Approval", please see Item 1 under "Minutes Approval". SEOPW CRA Page 2 Printed on 12/4/2024 Southeast Overtown/Park West CRA Meeting Minutes October 24, 2024 CRA RESOLUTION(S) 1. CRA RESOLUTION 16742 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), WITH ATTACHMENT(S), AUTHORIZING A HOUSING SUBSIDY AGREEMENT ("AGREEMENT"), RETROACTIVE TO OCTOBER 1, 2024, IN SUBSTANTIALLY THE FORM ATTACHED AS EXHIBIT "A," BETWEEN THE SEOPW CRA AND BLOCK 55 RESIDENTIAL, L.P., A FLORIDA LIMITED PARTNERSHIP ("OWNER"); AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS IN FIVE (5) ANNUAL INSTALLMENTS OF ONE MILLION SIX HUNDRED THOUSAND DOLLARS AND ZERO CENTS ($1,600,000.00) ("FUNDS"), IN AN AGGREGATE AMOUNT NOT TO EXCEED EIGHT MILLION DOLLARS AND ZERO CENTS ($8,000,000.00) ("PURPOSE"), SUBJECT TO THE AVAILABILITY OF FUNDING FROM ACCOUNT NO. 10050.920101.883000.0000.00000; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY, INCLUDING ANY AND ALL AMENDMENTS THERETO, ALL IN FORMS ACCEPTABLE TO COUNSEL; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. ENACTMENT NUMBER: CRA-R-24-0061 MOTION TO: Adopt RESULT: ADOPTED MOVER: Damian Pardo, Board Member, District Two SECONDER: Miguel Angel Gabela, Board Member, District One AYES: King, Gabela, Pardo, Reyes ABSENT: Carollo Chair King: Good afternoon, everyone. Welcome to the City of Miami Commission October -- Todd B. Hannon (Clerk of the Board): Do you want to start the CRA (Community Redevelopment Agency) --? Chair King: I -- hold on, Todd. I know what I'm going to say. Chair King: October 24th, 2024. We are now going to start our Southeast Overtown/Park West CRA meeting. I'm going to turn the mic over to our Executive Director, Mr. James D. McQueen. Dwight? James McQueen (Executive Director): Thank you, Commissioner. We have a few items, and Attorney Brown will read those items into the record. If he (UNINTELLIGIBLE). Vicent Brown (Deputy Executive Director/Staff Counsel): Good afternoon. The first item for consideration is a resolution with attachments, authorizing the executive director to execute a housing subsidy agreement, attached and incorporated herein as Exhibit A -- excuse me, further authorizing disbursement of funds and five annual installments of $1.6 million, not to exceed $8 million. The second item is a resolution by four -fifths, both ratifying, approving, confirming, the executive director's recommendation, finding that competitive negotiation methods and procedures are not practical and advantageous -- excuse me -- waiving the requirements of competitive seal bidding, and further approving grant -- a grant request in the amount not to exceed $2 million to support Harlem SEOPW CRA Page 3 Printed on 12/4/2024 Southeast Overtown/Park West CRA Meeting Minutes October 24, 2024 Square, LLC (Limited Liability Company) to underwrite the costs associated with the development of Harlem Square Supper Club, a full -service supper club located at 173 Northwest 11 th Avenue, in the city of Miami -- 11 th Street, I'm sorry. The third item is a resolution by four -fifths vote, ratifying, approving, confirming the executive director's recommendation, finding that competitive negotiation methods and procedures are not practical, advantageous, waiving the requirements of a competitive sealed bidding, and further approving a grant request in the amount of $180,000 to support the Overtown Optimist Club to provide youth programming for youth residents and the -- within the development area. Item number four is a resolution by four -fifths vote, ratifying, approving, and confirming the executive director's recommendation finding that competitive negotiation methods and procedures are not practical and advantageous, waiving the requirements of competitive sealed bidding, and further approving a grant request in the amount not to exceed $167,500 to support the following organizations for arts and culture programming within the redevelopment area: The Black Archives History and Research Foundation South Florida, Gateway Airport Concessions, Miami North -- Miami -Dade North Arts Humanities Foundation, also known as Miami MOCAD, Norwood Consulting and Urgent Inc. (Incorporated). Item number five is a resolution authorizing the executive director to execute a lease agreement, substantially in the form attached as Exhibit A, for approximately 1,000 square feet of commercial space at 249 Northwest 6th Street, Suite 108, Miami, Florida, for a ten-year initial term at a total base rent of $20,000 per year, with a five percent cap on annual increase after the first term. Item number six, this item is as amended. I'm going to read it, the amended title into the record. A resolution of the Board of Commissioners of the Southeast Overtown/Park West Community Redevelopment Agency, with attachments, authorizing the executive director with prospective authority to negotiate and execute a sublease, in substantially the same form, attached as Exhibit A, for 1,000 square feet of commercial space for retail use, at 249 Northwest 6th Street, Suite 108, Miami, Florida, 33136, in all forms acceptable to the general counsel, subject to the expiration of a 30-day notice of disposition of the property, and a request for proposal, attached and incorporated Exhibit B, at a lease -- and at least 30 days after the Southeast Overtown/Park West notifies this board of commissioners the recommendation to accept the winning proposal, pursuant to Florida Statute 163.380(3)(a), providing for incorporation of recitals and providing for an effective date, as amended. Item number -- number seven is a resolution providing for the issuance of tax increment bonds in the amount not to exceed $150,000 to be used to construction -- I'm sorry, $150 million. Those zeros got me kind of confused. McQueen was saying $150,000? Yeah, $150 million to be used for construction, rehabilitation of affordable housing, financing and construction of capital improvements within the redevelopment area and refinancing certain outstanding obligations. There's one more. Chair King: Settlement agreement. Mr. Brown: There's -- there's' one more item. Item number eight is a resolution of the board of the Southeast Overtown Park West Community Redevelopment Agency, with attachments authorizing the executive director to execute a settlement agreement attached and incorporated herein Exhibit A, between the Southeast Overtown/Park West area, HA Contracting Corporation, in the amount of $2,147,296.54, allocating the funds from the grants and other aids account; further authorize the executive director to negotiate and execute any and all documents necessary, including any and all amendments thereto, all in a form acceptable to the general counsel, providing for incorporation, and providing for an effective date. Chair King: Thank you. [Later...] SEOPW CRA Page 4 Printed on 12/4/2024 Southeast Overtown/Park West CRA Meeting Minutes October 24, 2024 Chair King: Gentlemen, are there any items before us that you would like to pull for discussion? Seeing none, 1 have RE.2, 3, and 4 are four -fifths items, just to make -- make it clear. May 1 have a motion to pass RE.1, 2, 3, 4, 5, 6, 7, and 8? Board Member Pardo: So moved. Chair King: I have a motion. Board Member Gabela: Second. Chair King: 1 have a second. All in favor? The Board Members (Collectively): Aye. Chair King: Motion carries unanimously. Thank you all. Todd B. Hannon (Clerk of the Board): With RE.6 amended. Chair King: With RE.6 as amended. Thank you all. Thank you all for attending. This concludes the Southeast Overtown/Park West CRA (Community Redevelopment Agency) meeting for October 24th, 2024. SEOPW CRA Page 5 Printed on 12/4/2024 Southeast Overtown/Park West CRA Meeting Minutes October 24, 2024 2. CRA RESOLUTION 16741 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), WITH ATTACHMENT(S), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND FINDING, ATTACHED AND INCORPORATED HEREIN AS EXHIBIT "A," THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS, PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED ("CITY CODE"), AS ADOPTED BY THE SEOPW CRA, AND WAIVING SAID PROCEDURES; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISPERSE GRANT FUNDS, IN AN AMOUNT NOT TO EXCEED TWO MILLION DOLLARS AND ZERO CENTS ($2,000,000.00) ("FUNDS") AT HIS DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION, SUBJECT TO THE AVAILABILITY OF FUNDING TO HARLEM SQUARE LLC, A FLORIDA LIMITED LIABILITY COMPANY, TO UNDERWRITE COSTS ASSOCIATED WITH THE DEVELOPMENT OF "HARLEM SQUARE," A FULL SERVICE SUPPER CLUB, LOCATED AT 173 N.W. 11TH STREET, MIAMI, FLORIDA 33136 ("PURPOSE"); FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AGREEMENT, INCLUDING ANY AND ALL DOCUMENTS NECESSARY, ALL IN FORMS ACCEPTABLE TO COUNSEL, FOR THE PURPOSE STATED HEREIN; PROVIDING FOR INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. ENACTMENT NUMBER: CRA-R-24-0062 MOTION TO: Adopt RESULT: ADOPTED MOVER: Damian Pardo, Board Member, District Two SECONDER: Miguel Angel Gabela, Board Member, District One AYES: King, Gabela, Pardo, Reyes ABSENT: Carollo Note for the Record: For minutes referencing Item Number 2, please see Item Number 1. SEOPW CRA Page 6 Printed on 12/4/2024 Southeast Overtown/Park West CRA Meeting Minutes October 24, 2024 3. CRA RESOLUTION 16826 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), WITH ATTACHMENT(S), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND FINDING, ATTACHED AND INCORPORATED HEREIN AS EXHIBIT "A," THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS, PURSUANT TO SECTION(S) 18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED ("CITY CODE"), AS ADOPTED BY THE SEOPW CRA; WAIVING SAID PROCEDURES FOR COMPETITIVE SEALED BIDDING; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISPERSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION, SUBJECT TO THE AVAILABILITY OF FUNDING, FROM THE CORRESPONDING ACCOUNT NO. OTHER GRANT AIDS / NON — TIF REVENUE FUND - 10051.920101.883000.0000.00000, IN AN AGGREGATE AMOUNT NOT TO EXCEED ONE HUNDRED EIGHTY THOUSAND DOLLARS AND ZERO CENTS ($180,000.00) ("FUNDS") TO ASSIST THE ORGANIZATION SET FORTH IN EXHIBIT "B," ATTACHED AND INCORPORATED HEREIN, IN PROVIDING YOUTH TRAINING PROGRAMS, AS DESCRIBED IN THEIR RESPECTIVE PROPOSAL, AS SET FORTH IN EXHIBIT "C," WITHIN THE REDEVELOPMENT AREA IN FISCAL YEAR 2024-2025 ("PURPOSE"); FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AGREEMENT, INCLUDING ANY AND ALL DOCUMENTS NECESSARY, ALL IN FORMS ACCEPTABLE TO COUNSEL, FOR THE PURPOSE STATED HEREIN; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. ENACTMENT NUMBER: CRA-R-24-0063 MOTION TO: Adopt RESULT: ADOPTED MOVER: Damian Pardo, Board Member, District Two SECONDER: Miguel Angel Gabela, Board Member, District One AYES: King, Gabela, Pardo, Reyes ABSENT: Carollo Note for the Record: For minutes referencing Item Number 3, please see Item Number I. SEOPW CRA Page 7 Printed on 12/4/2024 Southeast Overtown/Park West CRA Meeting Minutes October 24, 2024 4. CRA RESOLUTION 16827 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), WITH ATTACHMENT(S), BY A FOUR -FIFTHS (4/5THS) AFFIRMATIVE VOTE, AFTER AN ADVERTISED PUBLIC HEARING, RATIFYING, APPROVING, AND CONFIRMING THE EXECUTIVE DIRECTOR'S RECOMMENDATION AND FINDING, ATTACHED AND INCORPORATED HEREIN AS EXHIBIT "A," THAT COMPETITIVE NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR ADVANTAGEOUS, PURSUANT TO SECTION(S) 18-85 AND 18-86 OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED ("CITY CODE"), AS ADOPTED BY THE SEOPW CRA; WAIVING SAID PROCEDURES FOR COMPETITIVE SEALED BIDDING; AUTHORIZING THE EXECUTIVE DIRECTOR TO DISPERSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION, SUBJECT TO THE AVAILABILITY OF FUNDING, FROM THE CORRESPONDING ACCOUNT NO. OTHER GRANT AIDS / NON — TIF REVENUE FUND - 10051.920101.883000.0000.00000, IN AN AGGREGATE AMOUNT NOT TO EXCEED ONE HUNDRED SIXTY-SEVEN THOUSAND FIVE HUNDRED DOLLARS AND ZERO CENTS ($167,500.00) ("FUNDS") TO ASSIST THE ORGANIZATIONS SET FORTH IN EXHIBIT "B," ATTACHED AND INCORPORATED HEREIN, IN PROVIDING ARTS & CULTURE PROGRAMS FOR THE PRESERVATION OF HISTORICAL CULTURAL HERITAGE, AS DESCRIBED IN THEIR RESPECTIVE PROPOSALS AS SET FORTH IN EXHIBIT "C," WITHIN THE REDEVELOPMENT AREA IN FISCAL YEAR 2024-2025 ("PURPOSE"); FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE AN AGREEMENT, INCLUDING ANY AND ALL DOCUMENTS NECESSARY, ALL IN FORMS ACCEPTABLE TO COUNSEL, FOR THE PURPOSE STATED HEREIN; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. ENACTMENT NUMBER: CRA-R-24-0064 MOTION TO: Adopt RESULT: ADOPTED MOVER: Damian Pardo, Board Member, District Two SECONDER: Miguel Angel Gabela, Board Member, District One AYES: King, Gabela, Pardo, Reyes ABSENT: Carollo Note for the Record: For minutes referencing Item Number 4, please see Item Number I. SEOPW CRA Page 8 Printed on 12/4/2024 Southeast Overtown/Park West CRA Meeting Minutes October 24, 2024 5. CRA RESOLUTION 16740 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 NEGOTIATE AND EXECUTE A NEW LEASE AGREEMENT ("LEASE"), IN SUBSTANTIALLY THE FORM ATTACHED AS EXHIBIT "A," WITH BLOCK 55 ORG OWNER, LLC, A FLORIDA LIMITED LIABILITY COMPANY ("BLOCK 55") FOR 1,000 SQUARE FEET OF RETAIL AND/OR COMMERCIAL SPACE ("PURPOSE") AT 249 N.W. 6TH STREET, SUITE 108, MIAMI, FLORIDA, 33136 ("PROPERTY"), FOR A TEN (10) YEAR INITIAL TERM, AT A TOTAL BASE RENT OF TWENTY THOUSAND DOLLARS AND ZERO CENTS ($20,000.00) ANNUALLY, WITH A FIVE PERCENT (5%) ANNUAL INCREASE AFTER THE FIRST LEASE PERIOD, ALLOCATING FUNDS FROM ACCOUNT NO. 10050.920101.544000.0000.00000; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY, INCLUDING ANY AND ALL AMENDMENTS THERETO, ALL IN FORMS ACCEPTABLE TO COUNSEL; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. ENACTMENT NUMBER: CRA-R-24-0065 MOTION TO: Adopt RESULT: ADOPTED MOVER: Damian Pardo, Board Member, District Two SECONDER: Miguel Angel Gabela, Board Member, District One AYES: King, Gabela, Pardo, Reyes ABSENT: Carollo Note for the Record: For minutes referencing Item Number 5, please see Item Number 1. SEOPW CRA Page 9 Printed on 12/4/2024 Southeast Overtown/Park West CRA Meeting Minutes October 24, 2024 6. CRA RESOLUTION 16828 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 WITH THE PROSPECTIVE AUTHORITY TO NEGOTIATE AND EXECUTE A SUBLEASE AGREEMENT ("SUBLEASE") ON OR AFTER DECEMBER 7, 2024, IN SUBSTANTIALLY THE FORM ATTACHED AS EXHIBIT "A," FOR 1,000 SQUARE FEET OF COMMERCIAL SPACE FOR RETAIL USE ("PURPOSE") AT 249 N.W. 6TH STREET, SUITE 108, MIAMI, FLORIDA, 33136, FOR WHICH TERMS MAY BE AMENDED BY THE EXECUTIVE DIRECTOR, ALL IN FORMS ACCEPTABLE TO COUNSEL, SUBJECT TO THE EXPIRATION OF THE 30-DAY NOTICE OF DISPOSITION OF PROPERTY AND REQUEST FOR PROPOSAL, ATTACHED AND INCORPORATED HEREIN AS EXHIBIT "B", PURSUANT TO FLORIDA STATUTES SECTION 163.380 3(A); PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. ENACTMENT NUMBER: CRA-R-24-0066 MOTION TO: Adopt with Modification(s) RESULT: ADOPTED WITH MODIFICATION(S) MOVER: Damian Pardo, Board Member, District Two SECONDER: Miguel Angel Gabela, Board Member, District One AYES: King, Gabela, Pardo, Reyes ABSENT: Carollo Note for the Record: For minutes referencing Item Number 6, please see Item Number I. SEOPW CRA Page 10 Printed on 12/4/2024 Southeast Overtown/Park West CRA Meeting Minutes October 24, 2024 7. CRA RESOLUTION 16829 A RESOLUTION OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY PROVIDING FOR THE ISSUANCE OF TAX INCREMENT REVENUE BONDS OF THE AGENCY TO FINANCE OR REFINANCE THE ACQUISITION AND CONSTRUCTION OF COMMUNITY REDEVELOPMENT PROJECTS IN THE REDEVELOPMENT AREA OF SUCH AGENCY; PROVIDING FOR THE PAYMENT AND SECURITY THEREOF; MAKING CERTAIN COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; PROVIDING FOR AND AUTHORIZING THE ISSUANCE OF ITS TAX INCREMENT REVENUE BONDS, SERIES 2024 IN THE ORIGINAL AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $150,000,000, TO BE ISSUED IN ONE OR MORE SERIES, FOR THE PURPOSE OF FINANCING CERTAIN GRANTS TO BE USED FOR THE CONSTRUCTION OR REHABILITATION OF AFFORDABLE HOUSING, FINANCING THE CONSTRUCTION OF OTHER CAPITAL IMPROVEMENTS IN THE REDEVELOPMENT AREA, AND REFINANCING CERTAIN OUTSTANDING OBLIGATIONS; DELEGATING THE AWARD OF THE SALE OF THE SERIES 2024 BONDS TO THE EXECUTIVE DIRECTOR; PROVIDING FOR SECURITY FOR THE HOLDERS OF SUCH SERIES 2024 BONDS; APPROVING THE FORM OF A PRELIMINARY OFFICIAL STATEMENT AND DELEGATING TO THE EXECUTIVE DIRECTOR THE AUTHORITY TO DEEM FINAL FOR CERTAIN PURPOSES AND APPROVE THE USE OF AND DISTRIBUTION OF THE PRELIMINARY OFFICIAL STATEMENT AND FINAL OFFICIAL STATEMENT WITH RESPECT TO THE SERIES 2024 BONDS; APPOINTING A REGISTRAR, PAYING AGENT AND FISCAL AGENT; APPOINTING AN ESCROW AGENT; APPOINTING A VERIFICATION AGENT; PROVIDING CERTAIN OTHER COVENANTS AND AGREEMENTS IN CONNECTION WITH THE ISSUANCE THEREOF; PROVIDING CERTAIN OTHER DETAILS WITH RESPECT THERETO; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE. ENACTMENT NUMBER: CRA-R-24-0067 MOTION TO: Adopt RESULT: ADOPTED MOVER: Damian Pardo, Board Member, District Two SECONDER: Miguel Angel Gabela, Board Member, District One AYES: King, Gabela, Pardo, Reyes ABSENT: Carollo Note for the Record: For minutes referencing Item Number 7, please see Item Number I. SEOPW CRA Page 11 Printed on 12/4/2024 Southeast Overtown/Park West CRA Meeting Minutes October 24, 2024 8. CRA RESOLUTION 16830 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 SETTLEMENT AGREEMENT ("AGREEMENT"), ATTACHED AND INCORPORATED HEREIN AS EXHIBIT "A", BETWEEN THE SEOPW CRA AND H.A. CONTRACTING CORPORATION (H.A.C.C.) ("PURPOSE") IN THE AMOUNT OF TWO MILLION ONE HUNDRED FORTY-SEVEN THOUSAND TWO HUNDRED NINETY-SIX DOLLARS AND FIFTY-FOUR CENTS ($2,147,296.54), ALLOCATING FUNDS FROM OTHER GRANTS AND AIDS ACCOUNT NO. 10050.920101.883000.0000.00000; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY, INCLUDING ANY AND ALL AMENDMENTS THERETO, ALL IN FORMS ACCEPTABLE TO COUNSEL; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. ADJOURNMENT ENACTMENT NUMBER: CRA-R-24-0068 MOTION TO: Adopt RESULT: ADOPTED MOVER: Damian Pardo, Board Member, District Two SECONDER: Miguel Angel Gabela, Board Member, District One AYES: King, Gabela, Pardo, Reyes ABSENT: Carollo Note for the Record: For minutes referencing Item Number 8, please see Item Number I. The meeting adjourned at 3:18 p.m. SEOPW CRA Page 12 Printed on 12/4/2024