HomeMy WebLinkAboutCRA-R-25-0074Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-25-0074
819 NW 2"d Ave
3rd Floor
Miami, FL 33136
www.seopwcra.com
File Number: 18634 Final Action Date:12/11/2025
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
("SEOPW CRA"), AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE
AND EXECUTE A NON -BINDING LETTER OF INTENT ("LOI"), IN A FORM
ACCEPTABLE TO COUNSEL, WITH TOWN PARK VILLAGE NO. 1, INC., A
FLORIDA FOR -PROFIT CORPORATION ("TOWN PARK") IN ORDER TO
FACILITATE A COMPREHENSIVE RESTRUCTURING OF THE MANAGEMENT
OF THE TOWN PARK APARTMENT COMPLEX AND THE IMPROVEMENT OF
ITS PROPERTY ("PURPOSE"); FURTHER AUTHORIZING THE EXECUTIVE
DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL AGREEMENTS AND
DOCUMENTS NECESSARY, ALL IN FORMS ACCEPTABLE TO COUNSEL, FOR
SAID PURPOSE, AND DIRECTING THE EXECUTIVE DIRECTOR TO PRESENT
THE AGREED -TO LOI TO THE BOARD FOR ITS FINAL CONSIDERATION AND
APPROVAL WITHIN SIXTY (60) DAYS OF ITS EXECUTION; 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 2, Goal 6, of the Plan, supports "improv[ing] the quality of life [and]
creating housing ...," as a stated redevelopment goal; and
WHEREAS, the Executive Director and Town Park Village No. 1, Inc., a Florida For -Profit
Corporation ("Town Park"), desire to enter into a non -binding Letter of Intent ("LOI") in order to
collaborate on a comprehensive restructuring of the Town Park apartment complex's physical buildings
and its management department, to be more particularly described in the LOI; and
WHEREAS, the LOI will outline the responsibilities and objectives of both the SEOPW CRA
and Town Park, and will provide the basic structure for eventual agreements required for project
implementation; and
WHEREAS, the Executive Director is requesting authority to negotiate and ultimately execute an
LOI with Town Park, ensuring the continued operation of the Town Park apartment complex as an
essential component of the Historic Overtown community, without the need for further approval from the
Board of Commissioners and within the Executive Director's discretion, all in a form acceptable to
Counsel ("Purpose"); and
City of Miami Page 1 of 2 File ID: 18634 (Revision:) Printed On: 12/26/2025
File ID: 18634 Enactment Number: CRA-R-25-0074
WHEREAS, the Board of Commissioners of the SEOPW CRA wishes to authorize the Executive
Director to negotiate and execute the LOI with Town Park for the Purpose stated herein; 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 Executive Director is hereby authorized' to negotiate and execute the LOI
with Town Park, in a form acceptable to Counsel, for the Purpose stated herein.
Section 3. The Executive Director is hereby further directed to present the agreed to LOI to
the Board for its final consideration and approval within sixty (60) days of its execution.
Section 4. 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 5. This Resolution shall become effective immediately upon its adoption
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
ounsel 12/4/2025
' 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 2 of 2 File ID: 18634 (Revision:) Printed on: 12/26/2025