HomeMy WebLinkAboutCRA-R-25-0072 MemorandumSEOPW Board of Commissioners Meeting
November 20, 2025
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Christine King
and Members of the CRA
Board
From: James McQueen
Executive Director
Date: December 1, 2025
File: 18530
Subject: 4/5th Vote: Grant to F.S.H. Holdings,
LLC
Enclosures: File # 18530 - Notice to the
Public
File # 18530 - Exhibit A
File # 18530 -
Backup_Sunbiz (1)
File # 18530 -
Backup_Proposal
File # 18530 -
Backup_Property Lookup
BACKGROUND:
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 herein as Exhibit "A," that competitive
negotiation methods and procedures are not practicable or advantageous, pursuant to Section(s) 18-85 and
18-86 of the Code of the City of Miami, Florida, as amended ("City Code"), as adopted by the SEOPW
CRA, and waiving said procedures, 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, in an amount not to exceed Two Hundred Thirty -Six
Thousand Six Hundred Fifty Dollars and Zero Cents ($236,650.00) ("Funds"), to F.S.H. Holdings LLC, a
Florida Limited Liability Company ("Grantee"), for critical property improvements at 1127 Northwest lst
Place, Miami, Florida 33136 ("Property") ("Purpose").
Grantee owns the Property, and is seeking financial assistance for essential structural, safety, and
cosmetic improvements, along with a comprehensive modernization of the electrical system, which now
includes exterior routing of all interior apartment wiring to meet current code and safety standards.
Four (4) of the six (6) apartment units on the Property will be designated as short-term rentals and the
remaining two (2) units as long-term affordable housing. Importantly, all units — including the short-term
rentals — will be priced at affordable housing rates to ensure equitable access for residents and guests
alike. This mixed -use approach balances community access with economic sustainability, while
maintaining affordability across the board.
It is recommended that the Board of the SEOPW CRA approve and adopt the attached Resolution,
authorizing the allocation of the Funds to the Grantee for the Purpose stated herein.
JUSTIFICATION:
Pursuant to Chapter 163, Florida Statutes, the Southeast Overtown/Park West Community
Redevelopment Agency ("SEOPW CRA") 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").
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 2, Goal 6, of the Plan, supports "improv[ing] the quality of life for residents [and] creating
housing ...," as a stated redevelopment goal.
Section 2, Principle 2, of the Plan, proposes that the "neighborhood . . . retain access to affordable
housing," as a stated redevelopment principle.
Lastly, Section 2, Principle 3, of the Plan, discusses that there "must be variety in housing options," as a
stated redevelopment principle.
FUNDING:
$236,650.00 allocated from Other Grants and Aids - Account No. 10050.920101.883000.0000.00000
FACT SHEET:
Entity name: F.S.H. Holdings LLC, a Florida Limited Liability Company
Address: 1127 Northwest 1st Place, Miami, Florida 33136
Funding request: $236,650.00
Scope of work or services (Summary): To support costs for critical repairs and improvements costs,
including essential structural, safety, and cosmetic improvements, along with a comprehensive
modernization of the electrical system.
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AGENDA ITEM
FINANCIAL INFORMATION FORM
SEOPW CRA
CRA Board Meeting Date: November 20, 2025
CRA Section:
Brief description of CRA Agenda Item:
Approving a grant, in an amount not to exceed $236,650.00, to FSH Holdings LLC to
underwrite costs for critical improvements at its property located at 1127 NW 1st Place,
Miami, FL 33136.
Project Number
YES, there
Account Code:
(if applicable):
are sufficient funds in Line Item:
10050.920101.883000.0000.00000 Amount: $ 2 3 6, 6 5 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:
Page 3 of 7
Approved by:
Approval:
Executive Director 11/13/2025
Miguel A Valcntiri, Finance Officer 11/13/2025
Page 4 of 7
Southeast Overtown/Park West
Community Redevelopment Agency
File Type: CRA Resolution
Enactment Number: CRA-R-25-0072
File Number: 18530 Final Action Date:11/20/2025
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 HEREIN AS EXHIBIT "A," THAT COMPETITIVE
NEGOTIATION METHODS AND PROCEDURES ARE NOT PRACTICABLE OR
ADVANTAGEOUS, PURSUANT TO SECTION(S) 18-85 AND 18-86 OF THE CODE OF
THE CITY OF MIAMI, FLORIDA, AS AMENDED ("CITY CODE"), AS ADOPTED BY
THE SEOPW CRA, AND WAIVING SAID PROCEDURES, 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, IN AN AMOUNT NOT TO EXCEED TWO HUNDRED
THIRTY SIX THOUSAND SIX HUNDRED FIFTY DOLLARS AND ZERO CENTS
($236,650.00) ("FUNDS"), TO F.S.H. HOLDINGS LLC, A FLORIDA LIMITED LIABILITY
COMPANY ("GRANTEE"), FOR CRITICAL PROPERTY IMPROVEMENTS AT 1127
NORTHWEST 1ST PLACE, MIAMI, FLORIDA 33136 ("PURPOSE"); FROM THE
CORRESPONDING ACCOUNT NO. 10050.920101.883000.0000.00000 "OTHER
GRANTS AND AIDS"; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO
NEGOTIATE AND EXECUTE AN AGREEMENT, INCLUDING ANY AND ALL
DOCUMENTS NECESSARY, 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
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, affordable housing, and the lack thereof, is a significant issue in the City of Miami
and within the Redevelopment Area, specifically; and
Page 5 of 7
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
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, F.S.H. Holdings LLC, a Florida Limited Liability Company ("Grantee"), owns the
property located at 1127 Northwest lst Place, Miami, Florida 33136 ("Property"); and
WHEREAS, Grantee is requesting financial assistance from the SEOPW CRA for the Property
for critical structural, safety, and cosmetic improvements, along with a comprehensive modernization of
the electrical system for the creation of affordable housing ("Purpose"); and
WHEREAS, the Board of Commissioners ("Board") wishes to authorize funding, in an amount
not to exceed Two Hundred Thirty -Six Thousand Six Hundred Fifty Dollars and Zero Cents
($236,650.00) ("Funds"), to Grantee for the Purpose stated herein; and
WHEREAS, the Board 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 to authorize, by
an affirmative four -fifths (4/5ths) vote, a waiver of competitive sealed bidding procedures, pursuant to
Section(s) 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 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 Section(s) 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 from Other Grants and Aids - Account No. 10050.920101.883000.0000.00000, subject to
funding availability, for the Purpose stated herein.
' 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.
Page 6 of 7
Section 4. The Executive Director is authorized' to negotiate and execute an agreement,
including any and all necessary documents, all in forms acceptable to Counsel, for said Purpose.
Section 5. 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 for public hearing, by filing a corrected copy of same with
the City of Miami City Clerk.
Section 6. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
i
ounsel 11/13/2025
Page 7 of 7