HomeMy WebLinkAboutCRA-R-24-0072 Master ReportSoutheast Overtown/Park West
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-24-0072
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
File Number: 16956
Revision:
File Type: CRA Resolution Status: ADOPTED
Controlling Body: Southeast
Overtown/Park West CRA
File Name: Lease Agreement and CRA Buildout at Block 55 Introduced: 11/14/2024
Requesting Dept: Southeast Overtown/Park West CRA Final Action Date: 11/21/2024
Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW
CRA"), WITH ATTACHMENT(S), RESCINDING RESOLUTION NO. CRA-R-24-0065,
ADOPTED ON OCTOBER 24, 2024, IN ITS ENTIRETY AND ENACTING THIS NEW
RESOLUTION AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND
EXECUTE A LEASE AGREEMENT ("LEASE"), IN SUBSTANTIALLY THE ATTACHED
FORM, BETWEEN THE SEOPW CRA AND BLOCK 55 ORG OWNER, LLC, A
FLORIDA LIMITED LIABILITY COMPANY ("LANDLORD") FOR THE USE OF ONE
THOUSAND (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 RENTALS AND LEASES ACCOUNT NO.
10050.920101.544000.0000.00000; FURTHER AUTHORIZING THE EXPENDITURE OF
FUNDS IN THE AMOUNT NOT TO EXCEED FOUR HUNDRED TWENTY-EIGHT
THOUSAND THREE HUNDRED NINETY-ONE DOLLARS AND SIXTY-THREE CENTS
($428,391.63) FOR CONSTRUCTION COSTS RELATED TO THE SEOPW CRA BUILD
OUT, AS ESTIMATED IN THE ATTACHED AND INCORPORATED EXHIBIT "B," TO BE
EXPENDED FROM THE CONSTRUCTIONS IN PROGRESS — ACCOUNT NO.
10050.920101.67000.0000.00000; 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 FOR THE PURPOSE STATED HEREIN; PROVIDING
FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE.
Notes:
Links:
Attachments: File # 16956 - Exhibit A (PDF)
File # 16956 - Exhibit B (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Miguel A Valentin 11/14/2024 Finance Review Completed
James McQueen 11/14/2024 Department Head Review Completed
Vincent T. Brown 11/14/2024 Approved to Form and Legal Completed
Sufficiency
City of Miami Page 1 of 2 Printed on: 9/15/2025
Southeast Overtown/Park West
Community Redevelopment Agency
Master Report
819 NW 2"d Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
Enactment Number: CRA-R-24-0072
Southeast Overtown/Park 11/21/2024 Meeting Completed
West CRA
Southeast Overtown/Park 11/21/2024 ADOPTED Passed
West CRA
City Clerk's Office 11/22/2024 Rendered Completed
City of Miami Page 2 of 2 Printed on: 9/15/2025