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Home My WebLink AboutSEOPW CRA 2025-04-10 AgendaCity of Miami 819 NW 2nd Ave 3rd Floor Miami, FL 33136 http://miamicra.com Meeting Agenda Thursday, April 10, 2025 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 X k k******WW W:Y:Y****iiiiiii 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 Agenda April 10, 2025 CALL TO ORDER CRA PUBLIC COMMENTS MINUTES APPROVAL 1. Thursday, December 12, 2024 2. Thursday, January 23, 2025 CRA RESOLUTION 1. CRA RESOLUTION 16688 MAY BE WITHDRAWN A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), WITH ATTACHMENT(S), BY A FOUR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 TO THE SEOPW CRA 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 GRANTS AND AIDS, ACCOUNT NO. 10050.920101.883000.0000.00000, IN AN AMOUNT NOT TO EXCEED THREE HUNDRED THOUSAND DOLLARS AND ZERO CENTS ($300,000.00) ("FUNDS") TO MIAMI TOBACCO MANUFACTURER LLC, A FLORIDA LIMITED LIABILITY COMPANY ("M.T.M."), FOR THE EXPANSION AND BUILD -OUT OF CREMO CIGAR FACTORY ("PROJECT") LOCATED AT 1029 & 1033 N.W. 3RD AVENUE, MIAMI, FLORIDA 33136 ("PROPERTY"); 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. File # 16688 - Notice to the Public File # 16688 - Exhibit A File # 16688 - Backup City ofMianzi Page 2 Printed on 4/3/2025 Southeast Overtown/Park West CRA Meeting Agenda April 10, 2025 2. CRA RESOLUTION 17450 A RESOLUTION OF THE BOARD OF COMMISSIONERS ("BOARD") OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), WITH ATTACHMENT(S), RESCINDING RESOLUTION NO. CRA-R-24-0032, ADOPTED ON MAY 23, 2024, IN ITS ENTIRETY AND ENACTING THIS NEW RESOLUTION TO CLARIFY PROJECT DESIGNATIONS, AUTHORIZING THE EXECUTIVE DIRECTOR TO SEEK A NON -RECOURSE BOND ISSUE LOAN SECURED BY A PLEDGE OF TAX INCREMENT FINANCING ("TIF") TO BE GENERATED FROM WITHIN THE REDEVELOPMENT AREA, IN AN AMOUNT NOT TO EXCEED ONE HUNDRED SIXTY MILLION DOLLARS AND ZERO CENTS ($160,000,000.00) ("FUNDS"), FOR FINANCING REDEVELOPMENT PROJECTS AND ACTIVITIES IDENTIFIED IN REQUEST FOR INFORMATION ("RFI") NO. 23-03, ATTACHED AND INCORPORATED HEREIN AS EXHIBIT "A," ("PURPOSE") AND ACCEPTING THE EXECUTIVE DIRECTOR'S RECOMMENDATIONS OF THE PROPOSED BOND PROJECTS ("BOND PROJECTS") LISTED IN EXHIBIT "B," ATTACHED AND INCORPORATED HEREIN, FOR THE PURPOSE STATED HEREIN; FURTHER DIRECTING THE EXECUTIVE DIRECTOR TO PRESENT ANY PROPOSED BOND AGREEMENT TO THE BOARD FOR ITS CONSIDERATION AND, IF SATISFACTORY, APPROVAL; PROVIDING FOR INCORPORATION OF RECITALS AND FOR AN EFFECTIVE DATE. File # 17450 - Exhibit A File # 17450 - Exhibit B City ofMianzi Page 3 Printed on 4/3/2025 Southeast Overtown/Park West CRA Meeting Agenda April 10, 2025 3. CRA RESOLUTION 17451 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI ("SEOPW CRA"), WITH ATTACHMENT(S), RESCINDING RESOLUTION NO. CRA-R-23-0003, ADOPTED ON JANUARY 26, 2023, IN ITS ENTIRETY AND ENACTING A NEW RESOLUTION TO CLARIFY CONTRACT TERM PROVISION, AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE A FIRST AMENDMENT TO THE AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, ATTACHED AND INCORPORATED HEREIN AS EXHIBIT "A," WITH THE CITY OF MIAMI ("CITY") FOR THE PROVISION OF ENHANCED POLICE SERVICES WITHIN THE SOUTHEAST OVERTOWN/PARK WEST REDEVELOPMENT AREA ("PROGRAM"); FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO CONTINUE ALLOCATING FUNDS ON AN ANNUAL BASIS TO THE CITY IN AN AMOUNT NOT TO EXCEED NINE HUNDRED FIFTY-FIVE THOUSAND TWO HUNDRED FIFTY-TWO DOLLARS AND FORTY-THREE CENTS ($955,252.43) ("FUNDS") FROM THE SEOPW CRA'S TAX INCREMENT FUND, ENTITLED "OTHER GRANTS AND AIDS," ACCOUNT CODE NO.10050.920101.883000.0000.00000, SUBJECT TO AVAILABILITY OF FUNDING, TO CARRY OUT THE PROGRAM ("PURPOSE"); FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY, ALL IN FORMS ACCEPTABLE TO COUNSEL; PROVIDING FOR INCORPORATION OF RECITALS AND FOR AN EFFECTIVE DATE. File # 17451 - Exhibit A File # 17451 - Backup City ofMianzi Page 4 Printed on 4/3/2025 Southeast Overtown/Park West CRA Meeting Agenda April 10, 2025 4. CRA RESOLUTION 17452 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 DISBURSE 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. 10050.920101.883000.0000.00000 "OTHER GRANTS AND AIDS"; AUTHORIZING ADDITIONAL GRANT FUNDING IN AN AMOUNT NOT TO EXCEED THIRTY-FOUR THOUSAND SEVEN HUNDRED DOLLARS AND TWENTY-FIVE CENTS ($34,700.25) ("ADDITIONAL FUNDING") FOR A TOTAL PROJECT COST OF NINE HUNDRED THIRTY-TWO THOUSAND TWENTY-ONE DOLLARS AND TWENTY CENTS ($932,021.20) ("FUNDS") TO ASSIST J.E.J. PROPERTIES, INC., A FLORIDA FOR -PROFIT CORPORATION ("JEJ"), FOR THE RENOVATION AND REHABILITATION OF THE DUNNS-JOSEPHINE HOTEL, LOCATED AT 1028 N.W. 3RD AVENUE, MIAMI, FLORIDA 33136 ("PROPERTY"); FURTHER CLARIFYING THAT FUNDS MAY BE USED TOWARDS PROJECT RELATED SOFT COSTS INCLUDING INSURANCE, ENGINEERING FEES, AND PERMIT FEES ("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. File # 17452 - Exhibit A File # 17452 - Backup File # 17452 - Notice to the Public City ofMianzi Page 5 Printed on 4/3/2025 Southeast Overtown/Park West CRA Meeting Agenda April 10, 2025 5. CRA RESOLUTION 17453 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), WITH ATTACHMENT(S), RESCINDING AND REPLACING RESOLUTION NO. CRA-R-24- 0067 ADOPTED ON OCTOBER 24, 2024, IN ITS ENTIRETY, AND ADOPTING A NEW RESOLUTION PROVIDING FOR THE ISSUANCE OF TAX INCREMENT REVENUE BONDS, SERIES 2025 ("SERIES 2025 BONDS"), IN AN AMOUNT NOT TO EXCEED ONE HUNDRED SEVENTY-FIVE MILLION DOLLARS AND ZERO CENTS ($175,000,000.00) 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 2025 BONDS TO THE EXECUTIVE DIRECTOR; PROVIDING FOR SECURITY FOR THE HOLDERS OF SUCH SERIES 2025 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 2025 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. File # 17453 - Exhibit A - Series 2025 Bonds File # 17453 - Exhibit B - Form of Bond Purchase Agreement File # 17453 -Exhibit C - Form of Prelim Official Statement File # 17453 - Exhibit D - Form of Continuing Disclosure Agreement File # 17453 - Exhibit E - Form of Escrow Deposit Agreement File # 17453 - Notice of Bond Series Hearing 4.10 ADJOURNMENT City ofMianzi Page 6 Printed on 4/3/2025