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HomeMy WebLinkAboutCRA-R-25-0028Southeast Overtown/Park West Community Redevelopment Agency Legislation CRA Resolution: CRA-R-25-0028 819 NW 2nd Ave 3rd Floor Miami, FL 33136 www.seopwcra.com File Number: 17731 Final Action Date:6/17/202 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHE OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIA AND EXECUTE A PURCHASE AND SALE AGREEMENT ("AGREEMENT"), IN A FORM ACCEPTABLE TO COUNSEL, BETWEEN THE SEOPW CRA AND SHIRLENE INGRAHAM, AS TRUSTEE UNDER THE SHIRLENE INGRAH FAMILY TRUST, AND J.E.J PROPERTIES, INC. (COLLECTIVELY, THE "SELLER"), FOR THE ACQUISITION OF THE REAL PROPERTIES LOCATED AT 936 NORTHWEST 3RD AVENUE AND 950 NORTHWEST 3RD AVENUE, MIAMI;"" FLORIDA 33136 (FOLIO NO. 01-3137-035-0010) (COLLECTIVELY, THE "PROPERTIES"), CONTAINING AN APPROXIMATE TOTAL ADJUSTED AREA OF 3,826 SQUARE FEET, AS LEGALLY DESCRIBED, FOR A TOTAL PURCHASE PRICE NOT TO EXCEED THREE MILLION FIVE HUNDRED THOUSAND DOLLARS AND ZERO CENTS ($3,500,000.00) ("PURCHASE PRICE"), CONTINGENT UPON THE SEOPW CRA OBTAINING A WRITTEN APPRAISAL FROM A LICENSED FLORIDA APPRAISER, PLUS THE COST OF A SURVEY, ENVIRONMENTAL REPORT, TITLE INSURANCE, AND RELATED CLOSING COSTS ASSOCIATED WITH THE ACQUISITION, PURSUANT TO SECTION 163.370, FLORIDA STATUTES, AND THE SEOPW CRA REDEVELOPMENT PLAN, WITH THE OPTION TO RE -PURCHASE THE PROPERTIES AT A LATER DATE ("PURPOSE"); AUTHORIZING COUNSEL TO ENGAGE MARLON A. HILL OF WEISS SEROTA HELFMAN COLE & BIERMAN, P.L., AS OUTSIDE COUNSEL, FOR THE REPRESENTATION OF THE SEOPW CRA ON ALL MATTERS RELATED TO A TITLE COMMITMENT AND POLICY, A PHASE I ENVIRONMENTAL SITE ASSESSMENT REPORT (AND PHASE II, IF REQUIRED), A SURVEY, AND REPRESENTATION AT CLOSING; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL NECESSARY DOCUMENTS, ALL IN FORMS ACCEPTABLE TO COUNSEL, FOR THE PURPOSE STATED HEREIN; PROVIDING FOR THE INCORPORATZIII;FO,CITALS AND AN EFFECTIVE DATE. WHEREAS, thel2utheast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA") is a community re evelopment agency created pursuant to Chapter 163, Florida Statutes, and is responsible for carrying out community redevelopment activities and projects within its redevelopment area ("Redevelo m nt Area") in accordance with the 2018 Updated Southeast Overtown/Park West Redevelopment an (the "Plan"); and WHEREAS, Section 163.370, Florida Statutes authorizes the SEOPW CRA to acquire by purchase real property within the Redevelopment Area; and WHEREAS, Section 2, Goal 6 of the Plan encourages " [i]mprov[ing] the quality of life for residents" as a stated redevelopment goal; and WHEREAS, Section 2, Principle 14 of the Plan emphasizes efforts to " [r]estore a sense of City of Miami Page 1 of 3 File ID: 17731 (Revision: A) Printed On: 9/16/2025 Rescinded by CRA-R-25-0028 File ID: 17731 Enactment Number: CRA-R-25-0028 community and unify the area culturally" as a stated redevelopment principle; and WHEREAS, the SEOPW CRA currently owns four (4) parcels of land at 318 Northwest 10th Street, Miami, Florida 33136 (Folio Nos. 01-0102-070-1040; 01-0102-070-1041; 01-0102-070-1042; and 01-0102-070-1043); and WHEREAS, the SEOPW CRA wishes to acquire the real properties aforementioned parcels, currently owned by Shirlene Ingraham, as Trustee under the Family Trust, and J.E.J Properties, Inc. (collectively, the "Seller"), located at 9 Avenue and 950 Northwest 3rd Avenue, Miami, Florida 33136 (Folio No. (collectively, the "Properties"), containing an approximate total adjusted area o, legally described; and g the Shi Ingraham 36 orthwest 3rd �3137-035-0010) 26 square f as a dir WHEREAS, pursuant to Section 163.370, Florida Statutes and the Plan, the SEOP plans to develop the Properties to enhance the qualify of life in the surrounding area and dress slum and blight; and WHEREAS, the SEOPW CRA's estimated total cost for the acquisition of the Properties will not exceed Three Million Five Hundred Thousand Dollars and Zero Cents ($3,500,000.00) ("Purchase Price"), contingent upon the SEOPW CRA obtaining a writappraisal from a 1. ed Florida appraiser, stating the appraised value of the Properties, plus the cost of a s ' vironmental report, title insurance, and related closing costs associate. the acqui WHEREAS, the SEOPW CRA anticipates Cole & Bierman, P.L., to assist Counsel with t related to a title commitment and policy, a Phase if required), a survey, and represen .pton at closing;and WHEREAS, the Board SEOPW CRA redevelopment g NOW, T OF THE SOU AGENCY: eetion 1. — The reci 1 of Weiss Serota Helfman on of the SEOPW CRA on all matters al Site Assessment Report (and Phase II, ommissioneis finds that authorizing this Resolution would further the and objectives; D BY THE BOARD OF COMMISSIONERS WEST COMMUNITY REDEVELOPMENT and findings contained in the Preamble to this Resolution are adop .y refer-nce arJd incorpa°fated herein as if fully set forth in this Section. Se 2. e Executive Director is hereby authorized to negotiate and execute an agree'w., a form table to Counsel, between the SEOPW CRA and Seller for the acquisition of the Pr ies f Purchase Price, contingent upon the SEOPW CRA receiving a written aisal from <, nsed Florida appraiser. Section 3. The Executive Director is hereby further authorized to negotiate and execute any and all necessary documents, all in forms acceptable to Counsel, as may be necessary to effectuate said acquisition. Section 4. The Executive Director shall issue a report on the status of this potential acquisition within 14 days of the passage of this resolution. Section 5. The SEOPW CRA Counsel is hereby authorized to engage Marlon A. Hill of ng4P1td by CRA-R-25-0028 Page 2 of 3 File ID: 17731 (Revision: A) Printed on: 9/16/2025 File ID: 17731 Enactment Number: CRA-R-25-0028 Weiss Serota Helfman Cole & Bierman, P.L., for the representation of the SEOPW CRA on all matters related to a title commitment and policy, a Phase I Environmental Site Assessment Report (and Phase II, if required), a survey, and representation at closing. Section 6. Sections of this Resolution may be renumbered or re -lettered and corrections of typographical errors which do not affect the intent may be authorized by the Executive Direct the Executive Director's designee, without need of public hearing, by filing a corrected copy with the City Clerk. Section 7. This Resolution shall become effective immediately upon i APPROVED AS TO FORM AND LEGAL SUFFICIENCY: ounsel 6/23/2025 e B . ounsel 6/5/2025 ng64P1td by CRA-R-25-0028 Page 3 of 3 File ID: 17731 (Revision: A) Printed on: 9/16/2025