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HomeMy WebLinkAboutCRA-R-25-0070Southeast Overtown/Park West Community Redevelopment Agency Legislation CRA Resolution: CRA-R-25-0070 819 NW 2nd Ave 3rd Floor Miami, FL 33136 www.seopwcra.com File Number: 18528 Final Action Date:11/20/2025 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), ESTABLISHING THE SEOPW CRA EMERGENCY RENTAL ASSISTANCE PROGRAM ("PROGRAM"), AUTHORIZING THE ALLOCATION OF AN AMOUNT NOT TO EXCEED FIVE HUNDRED THOUSAND DOLLARS AND ZERO CENTS ($500,000.00) ("FUNDS"), FROM ACCOUNT NO. 10050.920101.883000.0000.00000 — "OTHER GRANTS AND AIDS," TO THE PROGRAM FOR FISCAL YEAR ("FY") 2025-2026 FOR THE PROVISION OF RENT RELIEF TO RESIDENTS THROUGHOUT THE SEOPW CRA REDEVELOPMENT AREA DUE TO INCREASING HOUSING COSTS, AS AN IMPROVED RENDITION OF THE FORMER PROGRAM ESTABLISHED IN FY 2022-2024 ("PURPOSE"); AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS AS A GRANT TO QUALIFYING APPLICANTS, 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 AUTHORIZING THE EXECUTIVE DIRECTOR TO ADMINISTER THE PROGRAM AND TO NEGOTIATE AND EXECUTE ANY AND ALL AGREEMENTS AND DOCUMENTS NECESSARY, ALL IN FORMS ACCEPTABLE TO COUNSEL, FOR SAID PURPOSE; 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 in accordance with the 2018 Updated Southeast Overtown/Park West Community Redevelopment Plan ("Plan"); and 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 163.335(6), Florida Statutes, of the Community Redevelopment Act (the "Act"), found and declared that there exists "... a severe shortage of housing affordable to residents of low or moderate income, including the elderly... [and] such [conditions] affect the health, safety and welfare of the residents ... and retards their growth and economic and social development ...."; and WHEREAS, Section 2, Goal 6, of the Plan, supports "improv[ing] the quality of life [and] creating housing ...," as a stated redevelopment goal; and WHEREAS, Section 2, Principle 2, of the Plan, proposes that the "neighborhood ... retain access to affordable housing," as a stated redevelopment principle; and City of Miami Page 1 of 3 File ID: 18528 (Revision: A) Printed On: 12/1/2025 File ID: 18528 Enactment Number: CRA-R-25-0070 WHEREAS, Section 2, Principle 3, of the Plan, discusses that there "must be variety in [affordable] housing options," as a stated redevelopment principle; and WHEREAS, Section 2, Principle 14, of the Plan, also provides to "restore a sense of community and unify the area culturally... to do whatever is in [the CRA's] power to bring back... Overtown its... sense of place [and] cultural distinctiveness" as a stated redevelopment principle; and WHEREAS, the Board of Commissioners of the SEOPW CRA has previously allocated funds toward initiatives designed to enhance sustainability and promote economic revitalization within the Redevelopment Area; and WHERAS, the SEOPW CRA Emergency Rental Assistance Program ("Program") is being created in response to rent hikes in the Redevelopment Area over the years since the post -pandemic real estate boom, and is anticipated to provide relief to the increasingly burdensome costs of housing for many residents, during a projected, oncoming economic recession and further, a projected boost in evictions throughout the Redevelopment Area ("Purpose"); and WHEREAS, the Program is an improved rendition of the former SEOPW CRA emergency rental assistance program that occurred in Fiscal Year ("FY") 2022-2024, and is informed by the original administering of that program; and WHEREAS, the Executive Director wishes to allocate funds, in an amount not to exceed Five Hundred Thousand Dollars and Zero Cents ($500,000.00), for FY 2025-2026, to establish the Program and support housing sustainability for qualifying applicants ("Purpose"); and WHEREAS, Program applicants will complete an application in order to request funding; and WHEREAS, funds are available from Account No. 10050.920101.883000.0000.00000 for the Program; and WHEREAS, the Executive Director is requesting authority to disburse funds from the Program to qualifying applicants as a grant, on a reimbursement basis, or directly to vendors upon presentation of invoices and satisfactory documentation without the need for further approval from the Board of Commissioners and within the Executive Director's discretion; and WHEREAS, the Board of Commissioners finds that authorizing this Resolution would further the SEOPW CRA redevelopment goals and objectives; 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. The Program is hereby established with funds in an amount not to exceed Five Hundred Thousand Dollars and Zero Cents ($500,000.00) from Account No. 10050.920101.883000.0000.00000 — "Other Grants and Aids." City of Miami Page 2 of 3 File ID: 18528 (Revision: A) Printed on: 12/1/2025 File ID: 18528 Enactment Number: CRA-R-25-0070 Section 3. The Executive Director is hereby authorized' to disburse the funds, at his discretion as a grant, on a reimbursement basis, or directly to vendors upon presentation of invoices and satisfactory documentation to eligible business applicants, subject to funding availability, for the Purpose stated herein. Section 4. The Executive Director is authorized' to administer the Program and to negotiate and execute any and all agreements, and documents necessary, all in a form acceptable to Counsel, for the purpose stated herein. Section 5. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: ounsel 11/13/2025 ' 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. City of Miami Page 3 of 3 File ID: 18528 (Revision: A) Printed on: 12/1/2025