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HomeMy WebLinkAboutCRA-R-25-0013 MemorandumSEOPW Board of Commissioners Meeting April 10, 2025 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Christine King Date: April 4, 2025 and Members of the CRA Board File: 17452 From: James McQueen Executive Director Subject: Grant to J.E.J. Properties, Inc. for renovations at the historic Dunns- Josephine Hotel. Enclosures: File # 17452 - Exhibit A File # 17452 - Backup File # 17452 - Notice to the Public BACKGROUND: 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, and 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, 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") 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. 3'd Avenue, Miami, Florida 33136 ("Property"), and further clarifying that funds may be used towards project related soft costs including insurance, engineering fees, and permit fees ("Purpose"). It is recommended that the Board of Commissioners of the SEOPW CRA approve and adopt the attached Resolution authorizing the allocation of Additional Funding, for a total project cost of Nine Hundred Thirty -Two Thousand Twenty -One Dollars and Twenty Cents ($932,021.20) ("Funds"). The Dunns-Josephine Hotel ("Hotel") has been providing quality service to their guests since 2019, while employing current Overtown residents. The Hotel, originally built in 1938, needs significant improvements and repairs to address structural concerns, mold abatement, sinking floors, rotting wood and termites, as well as water intrusion issues. The building is placed in a prominent area of the business corridor of N.W. 3'd Avenue within the heart of the up-and-coming Culture and Entertainment District. On July 25, 2024, the Board of Commissioners adopted Resolution CRA-R-24-0051, which authorized the Executive Director to issue a grant in an amount not to exceed Eight Hundred Ninety -Seven Thousand Three Hundred Twenty Dollars and Ninety -Five Cents ($897,320.95) to support the renovation and rehabilitation of the Property. Since then, JEJ has been unable to provide the necessary insurance levels required by the City of Miami ("City") Risk Management Department, due to funding issues for costly policies, such as Builder's Risk and General Liability. JEJ is requesting additional funding to cover the foregoing costs. In addition, this Resolution clarifies that grant funds will be used to cover other project related soft costs, such as engineering and permit fees. It is recommended that the Board of the SEOPW CRA approve and adopt the attached Resolution, authorizing the allocation of the Funds to JEJ for the Purpose stated herein. JUSTIFICATION: Pursuant to Section 163.340(9), Florida Statutes (the "Act") community redevelopment means "undertakings, activities, or projects of a ... community redevelopment agency in a community redevelopment area for the elimination and prevention of the development or spread of slums and blight...." Section 2, Goal 1 of the 2018 Southeast Overtown/Park West Community Redevelopment Agency Plan Update (the "Plan") lists the "preserv[ation] of historic buildings and community heritage," as a stated redevelopment goal. Section 2, Principle 8, of the Plan provides that " [o]Ider buildings that embody the area's cultural past should be restored. Section 2, Goal 4 of the Plan lists the "creati[on of] jobs within the community" as a stated redevelopment goal. Section 2, Principle 6, of the Plan provides that to "address and improve the neighborhood economy and expand the economic opportunities of present and future residents ..." as a stated redevelopment principle. FUNDING: Previous allocation: $897,320.95 Additional funding: $34,700.25 Total funding: $932,021.20 from Other Grants and Aids - Account No. 10050.920101.883000.0000.00000. FACT SHEET: Company name: J.E.J. Properties, Inc. Address: 1028 N.W. 3rd Avenue, Unit 104, Miami, Florida, 33136. Scope of work or services (Summary): JEJ is requesting additional funding to cover soft costs related to required insurance for the previously funded construction work at the historic "Dunns- Josephine Hotel." Page 2 of 7 AGENDA ITEM FINANCIAL INFORMATION FORM SEOPW CRA CRA Board Meeting Date: April 10, 2025 CRA Section: Brief description of CRA Agenda Item: Authorizing additional funding in an amount not to exceed $34,700.25 for a total project cost of $931,021.20 to assist JEJ Properties Inc. for the renovation of the Dunns- Josephine Hotel. Project Number YES, there Account Code: (if applicable): are sufficient funds in Line Item: 10050.920101.883000.0000.00000 Amount: $ 3 4 , 7 0 0.2 5 NO (Complete the following source of funds information): Amount budgeted in the line item: $ Balance in the line item: $ Amount needed in the line item: $ Sufficient funds will be transferred from the following line items: ACTION ACCOUNT NUMBER TOTAL Project No./Index/Minot Object From $ To $ From $ To $ Comments: Page 3 of 7 Approved by: Approval: Executive Director 4/3/2025 1/1\ Miguel A Valcntir , f nance Officer 4/3/2025 Page 4 of 7 Southeast Overtown/Park West Community Redevelopment Agency File Type: CRA Resolution Enactment Number: CRA-R-25-0013 File Number: 17452 Final Action Date:4/10/2025 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. 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 ("Redevelopment Area") in accordance with the 2018 Updated Southeast Overtown/Park West Redevelopment Plan (the "Plan"); and Page 5 of 7 WHEREAS, pursuant to Section 163.340(9) Florida Statutes, "community redevelopment means projects of a ... community redevelopment agency in a community redevelopment area for the elimination and prevention of the development or spread of slum and blight"; and WHEREAS, Section 2, Goal 1, of the Plan lists the "preserv[ation] of historic buildings and community heritage," as a stated redevelopment goal; and WHEREAS, Section 2, Principle 8, of the Plan provides that " [o]Ider buildings that embody the area's cultural past should be restored"; and WHEREAS, Section 2, Goal 4, of the Plan lists the "creat[ion of] jobs within the community" as stated redevelopment goal; and WHEREAS, Section 2, Principle 6, of the Plan provides to "address and improve the neighbor- hood economy and expand the economic opportunities of present and future residents and businesses," as a stated redevelopment principle; and WHEREAS, on July 25, 2024, the Board of Commissioners adopted Resolution No. CRA-R-24- 0051, authorizing the Executive Director to issue a grant in an amount not to exceed Eight Hundred Ninety -Seven Thousand Three Hundred Twenty Dollars and Ninety -Five Cents ($897,320.95) to J.E.J. Properties, Inc., a Florida for -profit corporation ("JEJ"), to support the renovation and rehabilitation of the historic Dunns-Josephine Hotel, built in 1938, located at 1028 N.W. 3rd Avenue, Miami, Florida, 33136 ("Property"); and WHEREAS, JEJ is currently unable to begin the rehabilitation project due to funding issues related to the purchase of necessary insurance policies to meet the City of Miami ("City") and SEOPW CRA requirements, such as Builder's Risk and General Liability; and WHEREAS, JEJ now seeks additional funds to meet the requirements of the City and SEOPW CRA, which will be applied to project related soft costs, including insurance, engineering fees, and permit fees, that would allow the project to commence and conclude prior to the end of 2025 ("Purpose"); and WHEREAS, the Board of Commissioners wishes to authorize additional grant funds 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") for the Purpose stated herein; and WHEREAS, the Board of Commissioners finds that adopting this Resolution would further the redevelopment goals and objectives of the SEOPW CRA; and WHEREAS, based on the recommendation and findings of the Executive Director, attached and incorporated herein as Exhibit "A," it is in the SEOPW CRA's best interest for the Board of Commissioners to authorize, by an affirmative four -fifths (4/5ths) vote, a waiver of competitive sealed bidding procedures, pursuant to Sections 18-85 and 18-86 of the Code of the City of Miami, Florida, as amended ("City Code"), as adopted by the SEOPW CRA, to allocate said Funds, subject to availability, and authorize the Executive Director to negotiate and execute any and all documents necessary, all in forms acceptable to Counsel, with JEJ for the Purpose stated herein; 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: Page 6 of 7 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. Pursuant to Sections 18-85 and 18-86 of the City Code, as adopted by the SEOPW CRA, by a four -fifths (4/5th) affirmative vote, after an advertised public hearing, the Executive Director's recommendation and written findings, attached and incorporated herein as Exhibit "A," that competitive negotiation methods and procedures are not practicable or advantageous to the SEOPW CRA, to allocate the Funds to JEJ for the Purpose stated herein, and waiving the requirements for said procedures is hereby ratified, approved, and confirmed. Section 3. The Executive Director is hereby authorized' to disburse the Funds, at his discretion, on a reimbursement basis or directly to vendors, upon presentation of invoices and satisfactory documentation from Other Grants and Aids - Account No. 10050.920101.883000.0000.00000 to JEJ for the Purpose stated herein. Section 4. The Executive Director is authorized' to negotiate and execute an agreement, including any and all necessary documents, all in forms acceptable to Counsel, for said Purpose. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: e Br ounsel 4/3/2025 1 The herein authorization is further subject to compliance with all legal requirements that may be imposed, including but not limited to those prescribed by applicable State law, City Charter and City Code provisions, as adopted by the SEOPW CRA. Page 7 of 7