HomeMy WebLinkAboutCRA-R-24-0078Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-24-0078
819 NW 2"d Ave
3rd Floor
Miami, FL 33136
www.seopwcra.com
File Number: 16964 Final Action Date:11/21/2024
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
("SEOPW CRA") AUTHORIZING THE EXECUTIVE DIRECTOR OF THE SEOPW
CRA TO NEGOTIATE AND EXECUTE AN AMENDMENT TO THAT CERTAIN
INTERLOCAL AGENCY AGREEMENT BETWEEN THE CITY OF MIAMI,
FLORIDA, SOUTH FLORIDA REGIONAL TRANSPORTATION AUTHORITY, AND
THE SEOPW CRA DATED NOVEMBER 8, 2016, IN A FORM ACCEPTABLE TO
COUNSEL FOR THE SEOPW CRA, FOR THE DEVELOPMENT OF THE TRI-
RAIL DOWNTOWN MIAMI LINK PROJECT ("PROJECT"); FURTHER
AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE
ANY AND ALL OTHER NECESSARY DOCUMENTS, MODIFICATIONS, AND
AMENDMENTS, ALL IN FORMS ACCEPTABLE TO THE COUNSEL FOR THE
SEOPW CRA, FOR SAID PURPOSE; AND PROVIDING FOR THE
INCORPORATION OF RECITALS AND AN EFFECTIVE DATE.
WHEREAS, pursuant to Resolution No. R-15-0339 adopted on July 23, 2015, the City of
Miami, Florida (the "City") executed a certain Interlocal Agency Agreement dated November 8,
2016 (the "Interlocal Agreement"), with the South Florida Regional Transportation Authority
(the "SFRTA"), and the Southeast/Overtown Park West Community Redevelopment Agency
(the "SEOPW CRA") for the implementation of the Tri-Rail Downtown Miami Link Project (the
"Project"); and
WHEREAS, the Interlocal Agreement provided for the City to issue debt on behalf of the
SEOPW CRA for payment of $17,528,049.00 (the "Grant") towards the cost of constructing the
Project to facilitate travel between the redevelopment area of the SEOPW CRA, the City and
other urban centers across South Florida by supporting SFRTA's extension of its Tri-Rail
passenger commuter rail service to downtown Miami; and
WHEREAS, the City, the SFRTA, and the SEOPW CRA find that it is in the best interest
of the parties to amend the Interlocal Agreement in the following particulars:
1. Amend the Interlocal Agreement to provide that the source of payment of
the Grant will be determined solely by the City and the SEOPW CRA,
and that, regardless of the source of the payment of the Grant, both the
City and the SEOPW CRA shall provide the entire Grant amount to
SFRTA no later than December 31, 2024.
2. Delete certain provisions of Section 3.2 that preclude the SEOPW CRA
from issuing any debt prior to payment of the Grant amount, as long as
any debt issued by the SEOPW CRA (or the City on the SEOPW CRA's
City of Miami Page 1 of 3 File ID: 16964 (Revision:) Printed On: 9/15/2025
File ID: 16964 Enactment Number: CRA-R-24-0078
behalf) subsequent to the date of the amendment to the Interlocal
Agreement includes the entire Grant amount owed to SFRTA and the
payment of the Grant amount to SFRTA is made in full before any other
parties (including the City or SEOPW CRA) receive or expend any other
proceeds from the issuance of such debt.
3. Delete Section 3.3 of the Interlocal Agreement to remove the bond
validation requirements.
4. Amend the Interlocal Agreement to provide for termination of the
Interlocal Agreement upon payment of the Grant amount in full.
(collectively, "Interlocal Amendments"); and
WHEREAS, on October 25, 2024, the SFRTA Board authorized the Executive Director of
the SFRTA to negotiate and execute an amendment to the Interlocal Agreement to incorporate
the Interlocal Amendments; and
WHEREAS, the City at its November 21, 2024, regular meeting is anticipated to
authorize its City Manager to negotiate and execute an amendment to the Interlocal Agreement
to incorporate the Interlocal Amendments; and
WHEREAS, it is in the best interest of the SEOPW CRA to authorize the Executive
Director or his designee, to negotiate and execute an amendment to the Interlocal Agreement to
incorporate the Interlocal Amendments.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF MIAMI, FLORIDA:
SECTION 1. INCORPORATION BY REFERENCE. The recitals and findings
contained in the Preamble to this Resolution are adopted by reference and incorporated as if
fully set forth in this Section.
SECTION 2. AUTHORIZATION TO AMEND INTERLOCAL AGREEMENT. The
Executive Director or his designee, is authorized to negotiate and execute an amendment to the
Interlocal Agreement to incorporate the Interlocal Amendments, in a form acceptable to the
Counsel for the Agency, between the City, the SFRTA, and the SEOPW CRA for the Project.
SECTION 3. AUTHORIZATION TO EXECUTE NECESSARY DOCUMENTS. The
Executive Director or his designee, is further authorized to negotiate and execute any and all
other necessary documents, modifications, and amendments, all in forms acceptable to the
Counsel for the Agency, for said purpose.
City of Miami Page 2 of 3 File ID: 16964 (Revision:) Printed on: 9/15/2025
File ID: 16964 Enactment Number: CRA-R-24-0078
SECTION 4. EFFECTIVE DATE. This Resolution shall become effective immediately
upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
1 ce Br ounsel 11114/2024
City of Miami Page 3 of 3 File ID: 16964 (Revision:) Printed on: 9/15/2025