HomeMy WebLinkAbout19203 ResolutionSoutheast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution:
819 NW 2nd Ave
3rd Floor
Miami, FL 33136
www.seopwcra.com
File Number: 19203 Final Action Date:4/23/2026
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 (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,
WAIVING SAID PROCEDURES, AUTHORIZING THE EXECUTIVE DIRECTOR
TO EXECUTE A GRANT AGREEMENT, IN SUBSTANTIALLY THE ATTACHED
FORM (EXHIBIT "B"), AND AWARD A GRANT IN AN AMOUNT NOT TO EXCEED
THREE MILLION FIVE HUNDRED THOUSAND DOLLARS ($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, FOR BUILD -OUT AND DEVELOPMENT
COSTS ASSOCIATED WITH 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"); FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO
DISBURSE THE 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 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, WHICH
SHALL REMAIN IN FULL FORCE AND EFFECT UNTIL MARCH 31, 2042;
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: 19203 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"), submitted a proposal for the buildout and
development of a Conference and Exhibition Center (Project"), 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 construction build -out and development costs for the Project ("Purpose"); and
WHEREAS, the Executive Director wishes to execute a Grant Agreement ("Agreement"), in
substantially the form attached as Exhibit `B," with the Grantee, and award a grant in an amount not to
exceed Three Million Five Hundred Thousand Dollars and Zero Cents ($3,500,000.00) ("Funds"), to the
Grantee, for the Purpose stated herein; 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 the Agreement and the award of the Funds, 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,
and to allocate said Funds, subject to availability, and further authorize the Executive Director to
negotiate and execute any and all agreements necessary, including any and all amendments thereto, all in
forms acceptable to Counsel, with the Grantee for said Purpose; and
WHEREAS, the Board of Commissioners wishes to authorize the execution of the Agreement, in
substantially the form attached as Exhibit `B," with the Grantee, and to award the Funds, to the Grantee;
and
WHEREAS, a Restrictive Covenant, shall be recorded on the Property, and any other land
transferred in furtherance of the Project stated herein, in the event Grantee fails to be in compliance with
the Agreement, and as described herein, which shall remain in full force and effect, and shall be binding
upon the Property and owner, and its successors and assigns until March 31, 2042 ("Term"); and
WHEREAS, the Board of Commissioners finds that adopting this Resolution would further the
redevelopment goals and objectives of the SEOPW CRA.
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
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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,
waiving the requirements for said procedures, are hereby ratified, approved, and confirmed.
Section 3. The Board of Commissioners hereby authorizes the Executive Director to
execute the Agreement, in substantially the form attached as Exhibit `B," between the SEOPW CRA and
the Grantee, and award a grant in an amount not to exceed Three Million Five Hundred Thousand Dollars
and Zero Cents ($3,500,000.00) ("Funds") for the Purpose stated herein.
Section 4. The Executive Director is hereby authorized' to execute the Agreement, in
substantially the form attached as Exhibit `B," and 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 said Purpose.
Section 5. The Executive Director is hereby further authorized2 to negotiate and execute any
additional agreements, including 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 the County,
for said Purpose, which shall remain in full force and effect and shall be binding upon the Property and
owner, and its successors and assigns until March 31, 2042.
Section 6. 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 7. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
:. ` - - ounsel 4/16/2026
1 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.
2 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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