HomeMy WebLinkAbout19143 ResolutionSoutheast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution:
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
www.seopwcra.com
File Number: 19143 Final Action Date:4/9/2026
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, AS AMENDED ("CITY CODE"), AS ADOPTED BY THE SEOPW CRA,
AND WAIVING SAID PROCEDURES, AWARDING A GRANT, IN AN AMOUNT
NOT TO EXCEED THREE MILLION FIVE HUNDRED THOUSAND DOLLARS
AND ZERO CENTS ($3,500,000.00) ("FUNDS"), TO SIXTH STREET MIAMI
PARTNERS LLC, A FOREIGN LIMITED LIABILITY COMPANY AUTHORIZED TO
CONDUCT BUSINESS IN THE STATE OF FLORIDA ("GRANTEE"), WITH A
PRINCIPAL ADDRESS AT 2200 BISCAYNE BOULEVARD, MIAMI, FLORIDA
33137, TO UNDERWRITE COSTS ASSOCIATED WITH THE CONSTRUCTION
BUILD -OUT AND DEVELOPMENT OF THE "FREEDOM CENTER" AT GALE
MIAMI HOTEL (FOLIO NO: 01-0105-090-2160), GENERALLY LOCATED AT 159
NORTHEAST 6TH STREET, MIAMI, FLORIDA 33132 ("PROPERTY")
("PURPOSE"); 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, FROM
THE CORRESPONDING ACCOUNT NO. 10050.920101.883000.0000.00000
"OTHER GRANTS AND AIDS"; 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; 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
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File ID: 19143 Enactment Number:
WHEREAS, Section 2, Goal 6, of the Plan, focuses on "improv[ing] the quality of life for
residents," as a stated redevelopment goal; and
WHEREAS, Section 2, Principle 6, of the Plan, discusses "address[ing] and improv[ing] the
neighborhood economy and expand[ing] the economic opportunities of present and future residents," as a
stated redevelopment principle; and
WHEREAS, 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 (Folio no: 01-0105-090-2160), generally located at 159 Northeast 6th Street, Miami, Florida 33132
("Property"); and
WHEREAS, Grantee is requesting financial assistance, in an amount not to exceed Three Million
Five Hundred Thousand Dollars and Zero Cents ($3,500,000.00), from the SEOPW CRA to underwrite a
portion of the cost for the buildout of the space ("Purpose"); and
WHEREAS, the Board of Commissioners wishes to award grant funds, in an amount not to
exceed Three Million Five Hundred Thousand Dollars and Zero Cents ($3,500,000.00) ("Funds"), to the
Grantee for said Purpose; and
WHEREAS, the Board of Commissioners finds that adopting this Resolution would further the
redevelopment goals and objectives of the SEOPW CRA; 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 of
Commissioners 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, with Grantee 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.
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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 4/2/2026
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