HomeMy WebLinkAboutCRA-R-24-0065Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-24-0065
819 NW 2"d Ave
3rd Floor
Miami, FL 33136
www.seopwcra.com
File Number: 16740 Final Action Date:10/24/2024
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 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.
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 Updated Southeast Overtown/Park West Community Redevelopment
Plan ("Plan"); and
WHEREAS, Section 163.370, Florida Statutes authorizes the SEOPW CRA to enter into leases
for property within the Redevelopment Area; and
WHEREAS, Section 2, Goal 2, of the Plan provides justification to leverage public -private
partnerships to create viable opportunities within the Redevelopment Area; and
WHEREAS, Section 2, Goal 6, of the Plan provides justification to improve the quality of life for
residents; and
WHEREAS, Section 2, Principle 4, of the Plan provides justification to create employment
opportunities within the neighborhood, so that they be made available to existing residents; and
WHEREAS, Block 55 Org Owner, LLC, a Florida limited liability company ("Block 55") and the
a.4r*Nli
SEOPW CRA wish to enter into a Lease Agreement ("Lease"), substantially in the form attached as
ibit "A" ("Purpose"); and
WHEREAS, Block 55 currently owns 249 N.W. 6th Street, Miami, Florida 33136 ("Property"),
which contains three (3) floors of retail and office space, as well as eleven (11) floors of residential units,
and four (4) levels of parking; and
City of Miami Page 1 of 2 File ID: 16740 (Revision: A) Printed On: 9/15/2025
Rescinded by CRA-R-24-0072
File ID: 16740 Enactment Number: CRA-R-24-0065
WHEREAS, Block 55 has access to approximately 250,000 square feet of floor area, in the
aggregate, within the Property and would like to lease approximately 1,000 leasable square feet at Suite
108 ("Premises") to the SEOPW CRA for retail and/or commercial use; and
WHEREAS, the Lease shall have an initial term of ten (10) years at a total base rent o
Thousand Dollars and Zero Cents ($20,000.00) annually, with a Five Percent (5%) annual in > e aft
the first lease year; and
WHEREAS, the Board of Commissioners finds that authorizing this Resolution would further the
SEOPW CRA's redevelopment goals and objectives; and
WHEREAS, based on the recommendation and findings of the Executive Director, it is in the
SEOPW CRA's best interest for the Board of Commissioners to authorize the Executive Director to
negotiate and execute any and all documents necessary, for which terms may be amended by the
Executive Director, all -in forms acceptable to Counsel with Block 55 for the Purpose stated herein;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF CO ONErOF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMEN GENCY 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 authorizes the execution of a Lease, in
substantially the form attached as Exhibit "A," as well as y and all documents necessary, for which
terms may be amended by the Executive Director, in a form eptable to Counsel, for an initial term of
ten (10) years from commencement, at a total base rent of enty Thousand Dollars and Zero Cents
($20,000.00) annually, with a Five Percent (5%) annual increase after the first lease year, for the Purpose
stated herein.
Section 3. The Executive Director is authorized to disperse funds, at his discretion, from the
Rentals and Leases Account No. 10050.920101.544000.0000.00000 to Block 55 to further the Purpose
stated herein.
Section 4. The Executive Director is authorized to negotiate and execute the Lease,
substantially in the form attached as Exhibit "A," including any and all necessary documents to effectuate
said Lease, all in fgrms acceptable to Counsel, for said Purpose.
This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
ice Br ounsel
10/3/2024
mg6ffitilgcl by CRA-R-24-0072
Page 2 of 2 File ID: 16740 (Revision: A) Printed on: 9/15/2025