HomeMy WebLinkAboutCRA-R-26-0019 Master ReportSoutheast Overtown/Park West
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-26-0019
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
File Number: 19200
Revision:
File Type: CRA Resolution Status: ADOPTED
Controlling Body: Southeast
Overtown/Park West CRA
File Name: CitizenM Miami Worldcenter Settlement Agreement Introduced: 4/16/2026
w/ Electraserve, Inc.
Requesting Dept: Southeast Overtown/Park West CRA Final Action Date: 4/23/2026
Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW
CRA"), WITH ATTACHMENT(S), AUTHORIZING THE EXECUTIVE DIRECTOR TO
EXECUTE A SETTLEMENT AGREEMENT AND RELEASE ("AGREEMENT"), IN
SUBSTANTIALLY THE FORM ATTACHED AS EXHIBIT "A," BETWEEN THE SEOPW
CRA, ELECTRASERVE, INC., A FLORIDA FOR -PROFIT CORPORATION
("ELECTRASERVE"), SUFFOLK CONSTRUCTION COMPANY, INC., A FOREIGN FOR -
PROFIT CORPORATION AUTHORIZED TO CONDUCT BUSINESS IN THE STATE OF
FLORIDA ("SUFFOLK"), AND OSIB MIAMI WORLD CENTER PROPERTIES LLC, A
FOREIGN LIMITED LIABILITY COMPANY AUTHORIZED TO CONDUCT BUSINESS IN
THE STATE OF FLORIDA ("OSIB") IN THE AMOUNT OF SEVEN HUNDRED
THOUSAND DOLLARS AND ZERO CENTS ($700,000.00) ("FUNDS") IN CONNECTION
WITH THE CONSTRUCTION OF THE CITIZENM AT MIAMI WORLDCENTER,
LOCATED AT 700 NORTHEAST 2ND AVENUE, MIAMI, FLORIDA 33132 (FOLIO NO.
01-3137-036-0040) ("PURPOSE"), ALLOCATING FUNDS TO ACCOUNT NO.
10051.920101.4690000.0000.00000 — NON-TIF REVENUE; FURTHER AUTHORIZING
THE EXECUTIVE DIRECTOR TO NEGOTIATE AND EXECUTE ANY AND ALL
DOCUMENTS NECESSARY, INCLUDING ANY AND ALL AMENDMENTS THERETO,
ALL IN FORMS ACCEPTABLE TO COUNSEL, FOR THE PURPOSE STATED HEREIN;
PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE.
Notes:
Links:
Attachments: File # 19200 - Exhibit A (PDF)
File # 19200 - Backup_Settlement Parties (PDF)
File # 19200 - Backup_OSIB MWC Property Search
History of Legislative File:
(PDF)
Revision: Acting Body: Date:
Action:
Result:
Miguel A Valentin
James McQueen
Vincent T. Brown
Southeast Overtown/Park
West CRA
Southeast Overtown/Park
4/16/2026
4/16/2026
4/16/2026
4/23/2026
4/23/2026
Finance Review
Department Head Review
Approved to Form and Legal
Sufficiency
Meeting
Completed
Completed
Completed
Completed
ADOPTED Passed
City of Miami Page 1 of 2 Printed on: 5/15/2026
Southeast Overtown/Park West
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-26-0019
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
http://miamicra.com
West CRA
City Clerk's Office 4/23/2026 Rendered Completed
City of Miami Page 2 of 2 Printed on: 5/15/2026