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HomeMy WebLinkAboutCRA-R-25-0074 Master ReportSoutheast Overtown/Park West Community Redevelopment Agency Master Report Enactment Number: CRA-R-25-0074 819 NW 2nd Ave 3rd Floor Miami, FL 33136 http://miamicra.com File Number: 18634 Revision: File Type: CRA Resolution Status: ADOPTED Controlling Body: Southeast Overtown/Park West CRA File Name: Letter of Intent with Town Park Village No. 1 Introduced: 12/4/2025 Requesting Dept: Southeast Overtown/Park West CRA Final Action Date: 12/11/2025 Title: 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. Notes: Links: Attachments: History of Legislative File: 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 12/4/2025 12/4/2025 12/4/2025 12/11/2025 12/11/2025 12/11/2025 Finance Review Department Head Review Approved to Form and Legal Sufficiency Meeting ADOPTED Rendered Completed Completed Completed Completed Passed Completed City of Miami Page 1 of 1 Printed on: 12/26/2025