HomeMy WebLinkAboutCRA-R-25-0035 MemorandumSEOPW Board of Commissioners Meeting
June 26, 2025
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Christine King Date: July 9, 2025
and Members of the CRA
Board File: 17793
From: James McQueen
Executive Director
Subject: Authorizing Tenant Improvement
Grant and Sub -Lease Agreement
with Jitterflix, LLC.
Enclosures: File # 17793 - Exhibit A
File # 17793 - Backup
File # 17793 - Notice to the
Public
BACKGROUND:
A Resolution of the Board of Commissioners ("Board") 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 Sections 18-85 and
18-86 of the Code of the City of Miami, Florida, as amended ("City Code"), and waiving said procedures,
authorizing the issuance of a Tenant Improvement Grant, in an amount not to exceed Two Hundred
Thousand Dollars and Zero Cents ($200,000.00), ("Funds"), to Jitterflix, LLC, a Florida Limited Liability
Company ("Jitterflix"), with principal address at 5840 Corporate Way, Suite 250, West Palm Beach,
Florida 33407, for tenant space improvements ("Purpose") to the commercial space located at 101
Northwest 8th Street, Unit 102, Miami, Florida 33136 ("Tenant Space"), 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, further
pursuant to Sections 163.370 and 163.380 Florida Statutes, selecting Jitterflix as the sole proposer, for the
Tenant Space, further authorizing the Executive Director to negotiate and execute a commercial sub -lease
agreement ("Sub -lease") with Jitterflix, for an initial three (3) year term, at a total base rent of One Dollar
and Zero Cents ($1.00) per square foot annually, plus the proportionate share of real estate taxes,
insurance and common area maintenance (CAM) charges, with option to renew for a term of years not to
exceed 2031, all -in forms acceptable to Counsel, for the Purpose stated herein.
The SEOPW CRA is currently leasing approximately 1,040 SF of commercial/retail space at 101
Northwest 8th Street, Unit 102, Miami, Florida 33136 ("Tenant Space"), subject to a ten (10) year lease
agreement with Noxxen Lyric, LLC, a Florida Limited Liability Company. The Tenant Space is within a
two-story retail and office building complex, commonly referred to as "Lyric Point," located at 101
Northwest 8th Street, Miami, Florida 33136 ("Premises"). In order to attract and accommodate prospective
commercial tenants, the SEOPW CRA has completed vanilla box build -out improvements to the Tenant
Space.
Pursuant to Sections 163.370 and 163.380 Florida Statutes, the SEOPW CRA issued a public notice on
April 17, 2023, wherein the SEOPW CRA sought proposals for parties interested in leasing the Tenant
Space. Jitterflix, LLC, a Florida Limited Liability Company ("Jitterflix") submitted the only proposal for
the Tenant Space and seeks to relocate its business to expand its photography studio operations.
Jitterflix is currently located at 5840 Corporate Way, Suite 250, West Palm Beach, Florida 33407. If
awarded, Jitterflix has requested assistance with tenant improvements, in order to attract families and
individuals of all backgrounds to the community. In anticipating the need to provide assistance, the
Board, by Resolution No. CRA-R-25-0021, passed and adopted on April 24, 2025, authorized the
SEOPW CRA to establish the Tenant Improvement Grant Initiative, in a total amount not to exceed One
Million Three Hundred Ninety Thousand Dollars and Zero Cents ($1,390,000.00) for grants to
prospective tenants, who are awarded one of the SEOPW CRA's leased commercial spaces at the
Premises. This Resolution does not commit any additional funding beyond what was previously
authorized by the Board in adopting Resolution No. CRA-R-25-0021.
It is recommended that Board approve and adopt the attached Resolution, authorizing the issuance of a
Tenant Improvement Grant, in an amount not to exceed Two Hundred Thousand Dollars and Zero Cents
($200,000.00) to Jitterflix, as well as authorizing the Executive Director to negotiate and execute a Sub-
lease with Jitterflix for the Purpose stated therein.
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 163.370, Florida Statutes authorizes the SEOPW CRA to enter into [sub -]leases for property
within the Redevelopment Area.
Section 163.380, Florida Statutes authorizes the SEOPW CRA to "lease, dispose of, or otherwise transfer
real property or any interest therein" acquired within the Redevelopment Area "to any private person ...
and may enter into [commercial] contracts" in order to "assist in preventing the development or spread of
future slums or blighted areas.
Section 2, Goal 4 of the 2018 Southeast Overtown/Park West Community Redevelopment Agency Plan
Update (the "Plan") lists the "creat[ion of jobs within the community" as a stated redevelopment goal.
Section 2, Goal 5 of the Plan lists the promotion of the Redevelopment Area "as a Cultural and
Entertainment Destination ... that is attractive to families and individuals of all backgrounds" as a stated
redevelopment goal.
Section 2, Goal 6 of the Plan focuses on "[i]mproving the [q]uality of [I]ife for residents" as a stated
redevelopment goal.
Section 2, Principle 4 of the Plan reinforces that a "variety in employment opportunities" be made
available to residents within the Redevelopment Area as a stated redevelopment principle.
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Lastly, Section 2, Principle 6 of the Plan insists that local businesses be promoted in order to "improve
the neighborhood economy" and "expand the economic opportunities of present and future residents and
businesses" as a stated redevelopment principle.
FUNDING:
$200,000 is to be allocated from Other Grants and Aids - Account No.
1005 0.920101.8 83 000.0000.00000.
Note: Said funds were previously allocated by Resolution No. CRA-R-25-0021, and therefore, no new
funding is being committed by this Resolution.
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AGENDA ITEM
FINANCIAL INFORMATION FORM
SEOPW CRA
CRA Board Meeting Date: June 26, 2025
CRA Section:
Brief description of CRA Agenda Item:
Authorizing a grant in the amount of $200,000.00 to JitterFlix LLC-101 NW 8th Street,
Unit 102, Miami FL 33136.
Project Number
YES, there
Account Code:
(if applicable):
are sufficient funds in Line Item:
10050.920101.883000.0000.00000 Amount: $ 2 0 0, 0 0 0.0 0
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:
Approved by:
Approval:
Executive Director 6/17/2025
Miguel A Valentin, ririarice Of;cer 6/17/2025
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Southeast Overtown/Park West
Community Redevelopment Agency
File Type: CRA Resolution
Enactment Number: CRA-R-25-0035
File Number: 17793 Final Action Date:6/26/2025
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 AS EXHIBIT "A," THAT COMPETITIVE
NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR
ADVANTAGEOUS, PURSUANT TO SECTIONS 18-85 AND 18-86 OF THE CODE OF
THE CITY OF MIAMI, FLORIDA, AS AMENDED ("CITY CODE"), AND WAIVING SAID
PROCEDURES, AUTHORIZING THE ALLOCATION OF GRANT FUNDS, IN AN
AMOUNT NOT TO EXCEED TWO HUNDRED THOUSAND DOLLARS AND ZERO
CENTS ($200,000.00) ("FUNDS"), TO JITTERFLIX, LLC, A FLORIDA LIMITED
LIABILITY COMPANY ("JITTERFLIX"), FOR TENANT SPACE IMPROVEMENTS
("PURPOSE") AT 101 NORTHWEST 8TH STREET, UNIT 102, MIAMI, FLORIDA
33136 ("TENANT SPACE"); AUTHORIZING THE EXECUTIVE DIRECTOR TO
DISBURSE THE 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; FURTHER PURSUANT TO SECTIONS 163.370 AND 163.380 FLORIDA
STATUTES, SELECTING JITTERFLIX AS THE SOLE PROPOSER, FOR USE OF THE
TENANT SPACE; AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND
EXECUTE A SUB -LEASE AGREEMENT ("SUB -LEASE") WITH JITTERFLIX, IN A
FORM ACCEPTABLE TO COUNSEL, FOR AN INITIAL THREE (3) YEAR TERM, AT A
TOTAL BASE RENT OF ONE DOLLAR AND ZERO CENTS ($1.00) PER SQUARE
FOOT ANNUALLY, PLUS THE PROPORTIONATE SHARE OF REAL ESTATE
TAXES, INSURANCE AND COMMON AREA MAINTENANCE (CAM) CHARGES,
WITH OPTION TO RENEW FOR A TERM OF YEARS NOT TO EXCEED 2031;
FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND
EXECUTE ANY AND ALL OTHER NECESSARY DOCUMENTS, 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
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WHEREAS, Section 163.370, Florida Statutes authorizes the SEOPW CRA to enter into [sub -
]leases for property within the Redevelopment Area; and
WHEREAS, Section 163.380, Florida Statutes authorizes the SEOPW CRA to "lease, dispose of,
or otherwise transfer real property or any interest therein" acquired within the Redevelopment Area "to
any private person ... and may enter into [commercial] contracts" in order to "assist in preventing the
development or spread of future slums or blighted areas"; and
WHEREAS, Section 2, Goal 4 of the Plan encourages the "creat[ion of] jobs within the
community" as a stated redevelopment goal; and
WHEREAS, Section 2, Goal 5 of the Plan lists the promotion of the Redevelopment Area "as a
Cultural and Entertainment Destination ... that is attractive to families and individuals of all
backgrounds" as a stated redevelopment goal; and
WHEREAS, Section 2, Goal 6 of the Plan focuses on "improv[ing] the quality of life for
residents" as a stated redevelopment goal; and
WHEREAS, Section 2, Principle 4 of the Plan reinforces that a "variety in employment
opportunities" be made available to residents within the Redevelopment Area as a stated redevelopment
principle; and
WHEREAS, Section 2, Principle 6 of the Plan insists that local businesses be promoted in order
to "improve the neighborhood economy" and "expand the economic opportunities of present and future
residents and businesses" as a stated redevelopment principle; and
WHEREAS, on April 15, 2021, the Board of Commissioners adopted Resolution CRA-R-21-
0005, authorizing the SEOPW CRA and Noxxen Lyric, LLC, a Florida limited liability company, to
execute a ten (10) year lease for four (4) commercial spaces, containing approximately 7,000 total square
feet of space ("Leased Spaces"), at "Lyric Point," located at 101 Northwest 8th Street, Miami, Florida
33136 ("Premises"), immediately adjacent to the historic Lyric Theatre Complex; and
WHEREAS, on April 15, 2021 and July 22, 2021, respectively, the Board of Commissioners
adopted Resolutions CRA-R-21-0006 and CRA-R-21-0025, authorizing funding, in an amount not to
exceed Fifty Thousand Dollars and Zero Cents ($50,000.00), for costs associated with architectural and
engineering services for the Leased Spaces, and subsequently authorizing buildouts of the Leased Spaces,
in an amount not to exceed Seven Hundred Thousand Dollars and Zero Cents ($700,000.00); and
WHEREAS, on April 17, 2023, in accordance with Florida Statutes 163.380(2) and
163.380(3)(a), the SEOPW CRA issued a public notice, declaring its intent to sub -lease the Leased
Spaces; and
WHEREAS, one (1) unit within the Leased Spaces is addressed 101 Northwest 8th Street, Unit
102, Miami, Florida 33136 and is approximately 1,040 square feet ("Tenant Space"); and
WHEREAS, the SEOPW CRA received one (1) proposal for the Tenant Space; and
WHEREAS, Jitterflix, LLC, a Florida Limited Liability Company, with a principal address at
5840 Corporate Way, Suite 250, West Palm Beach, Florida 33407 ("Jitterflix"), where it currently
operates its photography studio business, submitted the only proposal for the Tenant Space and seeks to
relocate its business to expand its photography studio operations; and
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WHEREAS, Jitterflix has requested assistance with tenant improvements of the Tenant Space, if
awarded; and
WHEREAS, on April 22, 2025, the Board of Commissioners, adopted Resolution No. CRA-R-
25-0021, which established the Tenant Improvement Grant Initiative, which allocated a total amount not
to exceed One Million Three Hundred Ninety Thousand Dollars and Zero Cents ($1,390,000.00), to
provide tenant improvement grants for prospective SEOPW CRA tenants at the Premises; and
WHEREAS, the Executive Director seeks to negotiate and execute a Sub -lease Agreement ("Sub-
lease") with Jitterflix, for an initial three (3) year term, at a total base rent of One Dollar and Zero Cents
($1.00) per square foot annually, plus the proportionate share of real estate taxes, insurance and common
area maintenance (CAM) charges, with option to renew for a term of years not to exceed 2031, including
any and all documents necessary, all -in forms acceptable to Counsel, and award a grant, in an amount not
to exceed Two Hundred Thousand Dollars and Zero Cents ($200,000.00) ("Funds"), subject to funding
availability, for tenant improvements at the Tenant Space ("Purpose"); and
WHEREAS, the SEOPW CRA has dutifully complied with Sections 163.380(2) and
163.380(3)(a) Florida Statutes; and
WHEREAS, the Board of Commissioners finds that authorizing this Resolution would further the
SEOPW CRA's redevelopment goals and objectives; 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 to authorize the Executive Director to negotiate and execute the Sub -lease, including any and all
agreements necessary, all -in forms acceptable to Counsel, for said Purpose;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY:
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,
and waiving the requirements for said procedures are 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, subject to the availability of funding and the Tenant Improvement Grant is hereby
authorized for the Purpose stated herein.
Section 4. Pursuant to Sections 163.370 and 163.380 Florida Statutes, Jitterflix is hereby
selected as the sole proposer of the Tenant Space.
Section 5. The Executive Director is hereby authorized to negotiate and execute a Tenant
Improvement Grant agreement and Sub -lease, for an initial three (3) year term, at a total base rent of One
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Dollar and Zero Cents ($1.00) per square foot annually, plus the proportionate share of real estate taxes,
insurance and common area maintenance (CAM) charges, with option to renew for a term of years not to
exceed 2031, including any and all documents necessary, all -in forms acceptable to Counsel, with
Jitterflix for the Purpose stated herein.
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 Director, or the
Executive Director's designee, without need of public hearing, by filing a corrected copy of the same with
the City Clerk.
Section 7. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
Br.wp-retaff'Counsel
6/17/2025
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