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HomeMy WebLinkAboutCRA-R-26-0035 Master ReportSoutheast Overtown/Park West Community Redevelopment Agency Master Report Enactment Number: CRA-R-26-0035 819 NW 2nd Ave 3rd Floor Miami, FL 33136 http://miamicra.com File Number: 19487 Revision: File Type: CRA Resolution Status: ADOPTED Controlling Body: Southeast Overtown/Park West CRA File Name: 4/5th Vote: Grant to Sixth Street Miami Partners, Introduced: 6/18/2026 LLC Requesting Dept: Southeast Overtown/Park West CRA Final Action Date: 6/25/2026 Title: 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 A FORM ACCEPTABLE TO GENERAL COUNSEL, 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. Notes: Links: Attachments: File # 19487 - Exhibit A (PDF) File # 19487 - Backup (PDF) File # 19487 - Notice To The Public (PDF) City of Miami Page 1 of 2 Printed on: 7/17/2026 Southeast Overtown/Park West Community Redevelopment Agency Master Report Enactment Number: CRA-R-26-0035 History of Legislative File: 819 NW 2"d Ave 3rd Floor Miami, FL 33136 http://miamicra.com 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 6/18/2026 6/18/2026 6/18/2026 6/25/2026 6/25/2026 6/26/2026 Finance Review Department Head Review Approved to Form and Legal Sufficiency Meeting ADOPTED Rendered Completed Completed Completed Completed Passed Completed City of Miami Page 2 of 2 Printed on: 7/17/2026