HomeMy WebLinkAboutCRA-R-25-0011 Master ReportSoutheast Overtown/Park West
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-25-0011
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
File Number: 17450
Revision:
File Type: CRA Resolution Status: ADOPTED
Controlling Body: Southeast
Overtown/Park West CRA
File Name: Seeking Non -Recourse Bond Issue Loan and Introduced: 4/3/2025
Approving Bond Project Proposals (RFI No. 23-03)
Requesting Dept: Southeast Overtown/Park West CRA Final Action Date: 4/10/2025
Title: 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.
Notes:
Links:
Attachments: File # 17450 - Exhibit A (PDF)
File # 17450 - Exhibit B (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Miguel A Valentin 4/3/2025 Finance Review Completed
James McQueen 4/3/2025 Department Head Review Completed
Vincent T. Brown 4/3/2025 Approved to Form and Legal Completed
Sufficiency
Southeast Overtown/Park 4/10/2025 Meeting Completed
West CRA
Southeast Overtown/Park 4/10/2025 ADOPTED Passed
West CRA
City Clerk's Office 4/10/2025 Rendered Completed
City of Miami Page 1 of 2 Printed on: 9/16/2025
Southeast Overtown/Park West
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-25-0011
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
City of Miami Page 2 of 2 Printed on: 9/16/2025