HomeMy WebLinkAboutCRA-R-25-0052 Master ReportSoutheast Overtown/Park West
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-25-0052
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
File Number: 18207
Revision:
File Type: CRA Resolution Status: ADOPTED
Controlling Body: Southeast
Overtown/Park West CRA
File Name: Authorize Affordable Housing Development Introduced: 9/18/2025
Agreement and Disposition of Property: Coral Rock St. Agnes
Requesting Dept: Southeast Overtown/Park West CRA Final Action Date: 9/25/2025
Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS ("BOARD") OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
("SEOPW CRA"), WITH ATTACHMENT(S), BY RESOLUTION CRA-R-24-0074,
ADOPTED ON NOVEMBER 21, 2024, ACCEPTING THE NEGOTIATIONS BETWEEN
THE SEOPW CRA AND CORAL ROCK ST. AGNES PARTNERS, LLC, A FLORIDA
LIMITED LIABILITY COMPANY ("DEVELOPER"), AS MORE PARTICULARLY
DESCRIBED IN EXHIBIT "A," TO REDEVELOP FOUR (4) CONTIGUOUS LAND
PARCELS, LOCATED AT 1141 NORTHWEST 3RD AVENUE, 242 NORTHWEST 12TH
STREET, 234 NORTHWEST 12TH STREET, AND 224 NORTHWEST 12TH STREET,
MIAMI, FLORIDA 33136 ("PROPERTY") INTO A 0.68-ACRE ASSEMBLAGE FOR A
MIXED -USE AFFORDABLE HOUSING DEVELOPMENT PROJECT, FURTHER
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE A DEVELOPMENT
AGREEMENT ("AGREEMENT"), IN SUBSTANTIALLY THE FORM ATTACHED AS
EXHIBIT "A," WITH DEVELOPER, AS THE TOP RANKED PROPOSER TO REQUEST
FOR PROPOSALS ("RFP") NO. 24-01 ("PURPOSE"); AUTHORIZING THE
DISPOSITION OF THE PROPERTY AT OR BELOW MARKET RATE TO DEVELOPER,
SUBJECT TO A REVERTER; ALLOCATING AND APPROPRIATING A PORTION OF
THE PROCEEDS FROM THE SERIES 2025 BOND ISSUANCE, IN AN AMOUNT NOT
TO EXCEED FIFTEEN MILLION DOLLARS AND ZERO CENTS ($15,000,000.00), FOR
PROJECT COSTS, FROM ACCOUNT NO. 300000.920101.883000.0000.00000 —
"SEOPW CAPITAL PROJECTS GRANT AND AIDS" FOR THE PURPOSE STATED
HEREIN, SUBJECT TO ALL FEDERAL, STATE AND LOCAL LAWS THAT REGULATE
THE USE OF SUCH FUNDS FOR SAID PURPOSE, AND SUBJECT TO AVAILABILITY
OF FUNDING; FURTHER DIRECTING THE EXECUTIVE DIRECTOR TO PRESENT
ANY AMENDMENTS TO THE AGREEMENT TO THE SEOPW CRA BOARD FOR ITS
CONSIDERATION AND, IF SATISFACTORY, APPROVAL; FURTHER AUTHORIZING
THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL
DOCUMENTS NECESSARY, ALL IN FORMS ACCEPTABLE TO COUNSEL,
INCLUDING, BUT NOT LIMITED TO, A RESTRICTIVE COVENANT TO BE RECORDED
IN THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA, FOR SAID
PURPOSE; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN
EFFECTIVE DATE.
Notes:
Links:
Attachments: File # 18207 - Exhibit A (PDF)
File # 18207 - Backup (PDF)
File # 18207 - Backup (PDF)
City of Miami Page 1 of 2 Printed on: 10/7/2025
Southeast Overtown/Park West
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-25-0052
History of Legislative File:
819 NW 2"d Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
Revision: Acting Body:
Date:
Action:
Result:
Miguel A Valentin
James McQueen
Vincent T. Brown
Southeast Overtown/Park
West CRA
Southeast Overtown/Park
West CRA
City Clerk's Office
9/18/2025
9/18/2025
9/18/2025
9/25/2025
9/25/2025
9/25/2025
Finance Review
Department Head Review
Approved to Form and Legal
Sufficiency
Meeting
ADOPTED
Rendered
Completed
Completed
Completed
Completed
Passed
Completed
City of Miami Page 2 of 2 Printed on: 10/7/2025