HomeMy WebLinkAboutCRA-R-26-0035 MemorandumSEOPW Board of Commissioners Meeting
June 25, 2026
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Christine King
and Members of the CRA
Board
From: James McQueen
Executive Director
Date: June 18, 2026
File: 19487
Subject: 4/5th Vote: Grant to Sixth Street
Miami Partners, LLC
Enclosures: File # 19487 - Exhibit A
File # 19487 - Backup
File # 19487 - Notice To
The Public
BACKGROUND:
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 (4/5ths) 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").
In addition, 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, 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.
It is recommended that the Board of the SEOPW CRA approve and adopt the attached Resolution,
authorizing the allocation of the Funds to the Grantee for the Purpose stated herein.
JUSTIFICATION:
Pursuant to Chapter 163, Florida Statutes, the Southeast Overtown/Park West Community
Redevelopment Agency ("SEOPW CRA") is responsible for carrying out community redevelopment
activities and projects within its redevelopment area ("Redevelopment Area") in accordance with the
2018 Updated Southeast Overtown/Park West Redevelopment Plan (the "Plan").
Section 163.340(9), Florida Statutes (the "Act"), community redevelopment means "undertakings,
activities, or projects of a ... community redevelopment agency in a community redevelopment area for
the elimination and prevention of the development or spread of slums and blight...."
Section 2, Goal 6, of the Plan, focuses on "improv[ing] the quality of life for residents," as a stated
redevelopment goal.
Lastly, 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.
FUNDING:
$3,500,000.00 allocated from SEOPW "Other Grants and Aids" Account No.
10050.920101.883000.0000.00000.
FACT SHEET:
Entity name: Sixth Street Miami Partners LLC, a Foreign Limited Liability Company
Address: Folio no: 01-0105-090-2160, generally located at 159 Northeast 6th Street, Miami, Florida
33132.
Funding request: $3,500,000.00
Scope of work or services (Summary): To support the buildout and development of a Conference and
Exhibition Center, referred to as the "Freedom Center" at Gale Miami Hotel.
Page 2 of 7
AGENDA ITEM
FINANCIAL INFORMATION FORM
SEOPW CRA
CRA Board Meeting Date: June 25, 2026
CRA Section:
Brief description of CRA Agenda Item:
AWARDING 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
Project Number
YES, there
Account Code:
(if applicable):
are sufficient funds in Line Item:
10050.920101.883000.0000.00000 Amount: $ 3, 5 0 0, 0 0 0.0 0
NO (Complete the following source of funds information):
Amount budgeted in the line item: $
Balance in the line item: $
Amount needed in the line item: $
Sufficient funds will be transferred from the following line items:
ACTION
ACCOUNT NUMBER
TOTAL
Project No./Index/Minot Object
From
$
To
$
From
$
To
$
Comments:
Page 3 of 7
Approved by:
Approval:
Executive Director 6/18/2026
Miguel A Valcntiri, Finance Officer 6/18/2026
Page 4 of 7
Southeast Overtown/Park West
Community Redevelopment Agency
File Type: CRA Resolution
Enactment Number: CRA-R-26-0035
File Number: 19487 Final Action Date:6/25/2026
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 (4/5THS) 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.
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
Page 5 of 7
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
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 a
form acceptable to General Counsel, 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, the Executive Director wishes to clarify that, with respect to the construction
buildout phase of the Project, the Agreement shall include local hiring priorities and obligations, and
similar certain terms and conditions as more particularly provided in that certain First Source Hiring
Agreement, dated February 21, 2017, as amended, to which the SEOPW CRA is a party to; 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 General Counsel, with the Grantee for said Purpose; and
WHEREAS, the Board of Commissioners wishes to authorize the execution of the Agreement, in
a form acceptable to General Counsel, with the Grantee, and to award the Funds, to the Grantee; and
WHEREAS, a Restrictive Covenant, to be recorded in the public records of Miami -Dade County,
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.
Page 6 of 7
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,
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 a form acceptable to General Counsel, 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 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 authorized to negotiate and execute any
additional agreements, including any and all documents necessary, all in forms acceptable to General
Counsel, including, but not limited to, a Restrictive Covenant to be recorded in the public records of
Miami -Dade 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:
itfe Br , ounsel
6/18/2026
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.
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