HomeMy WebLinkAbout19143 Exhibit ASEOPW Board of Commissioners Meeting
April 9, 2026
THE SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
4/5ths RECOMMENDATION INTER -OFFICE MEMORANDUM
To: Board Chair Christine King and Date: April 9, 2026 File:
Members of the SEOPW CRA Board
Subject: Recommendations and findings to waive
competitive sealed bidding and negotiation
methods, pursuant to Sec. 18-85 and 18-86, for
Sixth Street Miami Partners LLC.
From: James D. McQueen Enclosures: Exhibit "A"
Executive Director
BACKGROUND:
The Board of Commissioners ("Board") ofthe Southeast Overtown/Park West Community Redevelopment Agency
("SEOPW CRA") is responsible for carrying out community redevelopment activities and projects within its
Redevelopment Area in accordance with the 2018 Updated SEOPW CRA Redevelopment Plan ("Plan").
Sixth Street Miami Partners LLC, a Foreign Limited Liability Company authorized to conduct business in the State
of Florida ("Grantee"), has submitted a proposal for the buildout and development of a Conference and Exhibition
Center referred to as the "Freedom Center at Gale Miami Hotel" (the "Project"), to be located at 159 Northeast 6th
Street, Miami, Florida 33132 ("Property").
In furtherance of its efforts, Grantee has submitted a request to the SEOPW CRA for fmancial assistance, in an amount
not to exceed Three Million Five Hundred Thousand Dollars and Zero Cents ($3,500,000.00) ("Funds"), from the
SEOPW CRA to underwrite a portion of the cost for the buildout of the space. It is recommended that the SEOPW
CRA Board authorize the issuance of the Funds to Grantee for the Purpose stated herein. The Executive Director has
reviewed and vetted the request, in accordance with the objectives of the Plan.
RECOMMENDATION:
In light of the above -stated, approval of a waiver of the formal requirements of competitive sealed bidding methods
as not being practicable or advantageous to the SEOPW CRA as set forth in the City Code of Ordinances, as amended,
specifically Section(s) 18-85 and 18-86, and the affirmation of these written findings and the forwarding the same
to the SEOPW CRA Board by a four -fifths vote is respectfully requested.
APPROVED
James D. McQueen,
Executive Director
1