HomeMy WebLinkAboutCRA-R-25-0073 Master ReportSoutheast Overtown/Park West
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-25-0073
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
File Number: 18532
Revision:
File Type: CRA Resolution Status: ADOPTED
Controlling Body: Southeast
Overtown/Park West CRA
File Name: Authorize Development Economic Incentive Introduced: 11/13/2025
Agreement: Block 45, LLC
Requesting Dept: Southeast Overtown/Park West CRA Final Action Date: 11/20/2025
Title: 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/STHS) 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 ("CITY"), AS AMENDED, AS ADOPTED BY THE
SEOPW CRA, AND WAIVING SAID PROCEDURES, AUTHORIZING THE EXECUTIVE
DIRECTOR TO NEGOTIATE AND EXECUTE A DEVELOPMENT ECONOMIC
INCENTIVE AGREEMENT ("AGREEMENT"), IN SUBSTANTIALLY THE FORM
ATTACHED AS EXHIBIT "B," PROVIDING FOR AN INCENTIVE PAYMENT,
PURSUANT TO CITY RESOLUTION R-24-0109, A GRANT OF AN AMOUNT NOT TO
EXCEED $10,000,000.00 ("FUNDS") FOR PROJECT COSTS, AND AN ANNUAL
AFFORDABLE HOUSING OPERATING SUBSIDY OF AN AMOUNT NOT TO EXCEED
$750,000.00 TO BLOCK 45, LLC, A FLORIDA LIMITED LIABILITY COMPANY
("DEVELOPER"), FOR THE MIXED -USE TRANSIT -ORIENTED DEVELOPMENT
PROJECT AT 152 NORTHWEST 8TH STREET, MIAMI, FLORIDA 33136 (FOLIO NO.
01-0104-050-1010) ("PROPERTY") ("PURPOSE"); FURTHER AUTHORIZING THE
EXECUTIVE DIRECTOR TO ALLOCATE THE FUNDS FROM ACCOUNT NO.
300000.920101.883000.0000.00000 — "SEOPW CAPITAL PROJECTS GRANT AND
AIDS," SUBJECT TO ALL FEDERAL, STATE AND LOCAL LAWS THAT REGULATE
THE USE OF SUCH FUNDS FOR SAID PURPOSE; 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, AND DIRECTING THE EXECUTIVE DIRECTOR TO PRESENT ANY
AMENDMENTS TO THE BOARD FOR ITS CONSIDERATION AND, IF
SATISFACTORY, APPROVAL; PROVIDING FOR THE INCORPORATION OF
RECITALS AND AN EFFECTIVE DATE.
Notes:
Links:
Attachments: File # 18532 - Exhibit A_ 4_5ths Notice Block 45_SIGNED (PDF)
File # 18532 - Exhibit B _ Block 45 Development Agreement (PDF)
File # 18532 - Backup_Sunbiz Block 45 (PDF)
City of Miami Page 1 of 2 Printed on: 12/1/2025
Southeast Overtown/Park West
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-25-0073
File # 18532 - Notice to the Public (PDF)
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
11/13/2025
11/13/2025
11/13/2025
11/20/2025
11/20/2025
11 /21 /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: 12/1/2025