HomeMy WebLinkAboutCRA-R-25-0014 Master ReportSoutheast Overtown/Park West
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-25-0014
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
File Number: 17453
Revision:
File Type: CRA Resolution Status: ADOPTED
Controlling Body: Southeast
Overtown/Park West CRA
File Name: Approve Series 2025 Bonds to be issued by Introduced: 4/3/2025
SEOPW
Requesting Dept: Southeast Overtown/Park West CRA Final Action Date: 4/10/2025
Title: 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.
Notes:
Links:
Attachments: File # 17453 - Exhibit A - Series 2025 Bonds (PDF)
File # 17453 - Exhibit B - Form of Bond Purchase Agreement (PDF)
File # 17453 -Exhibit C - Form of Prelim Official Statement (PDF)
File # 17453 - Exhibit D - Form of Continuing Disclosure Agreement (PDF)
File # 17453 - Exhibit E - Form of Escrow Deposit Agreement (PDF)
File # 17453 - Notice of Bond Series Hearing 4.10 (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
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-25-0014
Miguel A Valentin
James McQueen
Vincent T. Brown
Southeast Overtown/Park
West CRA
Southeast Overtown/Park
West CRA
City Clerk's Office
4/3/2025
4/3/2025
4/3/2025
4/10/2025
Finance Review
Department Head Review
Approved to Form and Legal
Sufficiency
Meeting
4/10/2025 ADOPTED
4/10/2025 Rendered
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
Completed
Completed
Completed
Completed
Passed
Completed
City of Miami Page 2 of 2 Printed on: 9/16/2025