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HomeMy WebLinkAboutCRA-R-26-0039 MemorandumSEOPW Board of Commissioners Meeting July 23, 2026 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Christine King Date: July 23, 2026 and Members of the CRA Board File: 19601 From: James McQueen Executive Director Subject: Rescind Resolution No. CRA-R-25- 0028 (Purchase and Sale Agreement w/ J.E.J. Properties, Inc.) Enclosures: File # 19601 - Backup_Property Search (2) File # 19601 - Backup_CRA-R-25-0028 (Purchase and Sale - J.E.J. Properties Inc.) BACKGROUND: A Resolution of the Board of Commissioners ("Board") of the Southeast Overtown/Park West Community Redevelopment Agency ("SEOPW CRA"), rescinding Resolution No. CRA-R-25-0028, adopted on June 17, 2025, in its entirety ("Purpose"). Through Resolution CRA-R-25-0028, adopted on June 17, 2025, the Board of Commissioners authorized the Executive Director to negotiate and execute a purchase and sale agreement, in a form acceptable to Counsel, between the SEOPW CRA and J.E.J. Properties, Inc., for the acquisition of properties, located at 942 Northwest 3rd Avenue and 950 Northwest 3rd Avenue, Miami, Florida 33136 (Folio No. 01-3137-035- 0010), for a total purchase price not to exceed its appraised value, contingent upon the SEOPW CRA receiving a written appraisal from a licensed Florida appraiser. Due to no actions taken in furtherance thereof, the authorization is no longer requested, thereby requiring the rescission of the previous Resolution, in its entirety. It is recommended that the Board of the SEOPW CRA approve and adopt the attached Resolution for the Purpose stated herein. JUSTIFICATION: n/a. FUNDING: Funds shall be deallocated from Account No. 10050.920101.662000.00000.0000 — "Land." FACT SHEET: Funding request: n/a. Scope of work or services (Summary): Rescinding Resolution No. CRA-R-25-0028. Page 2 of 5 AGENDA ITEM FINANCIAL INFORMATION FORM SEOPW CRA CRA Board Meeting Date: July 23, 2026 CRA Section: Brief description of CRA Agenda Item: N/A Project Number (if applicable): YES, there are sufficient funds in Line Item: Account Code: Amount: 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: Thjs agenda item does not require funding to be allocated. Approved by: Approval: fo Miguel A Valentin, Finance Officer 7/16/2026 Executive Director 7/16/2026 Page 3 of 5 Southeast Overtown/Park West Community Redevelopment Agency File Type: CRA Resolution Enactment Number: CRA-R-26-0039 File Number: 19601 Final Action Date:7/23/2026 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA"), RESCINDING RESOLUTION NO. CRA-R-25-0028, ADOPTED ON JUNE 17, 2025, IN ITS ENTIRETY ("PURPOSE"); DIRECTING THE EXECUTIVE DIRECTOR AND STAFF OF THE SEOPW CRA TO TAKE ANY AND ALL ACTIONS NECESSARY IN FURTHERANCE THEREOF; DEALLOCATING FUNDS FROM ACCOUNT NO. 10050.920101.662000.00000.0000 — "LAND"; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE DATE. WHEREAS, the SEOPW CRA wished to acquire the real properties abutting land, owned by Shirlene Ingraham, as Trustee under the Shirlene Ingraham Family Trust, and J.E.J. Properties, Inc. (collectively, the "Seller"), located at 942 Northwest 3rd Avenue and 950 Northwest 3rd Avenue, Miami, Florida 33136 (Folio No. 01-3137-035-0010) (collectively, the "Properties"); and WHEREAS, through Resolution No. CRA-R-25-0028, adopted on June 17, 2025, the Board of Commissioners authorized the Executive Director to negotiate and execute a purchase and sale agreement, in a form acceptable to Counsel, between the SEOPW CRA and Seller for the acquisition of the Properties for a total purchase price not to exceed its appraised value, contingent upon the SEOPW CRA receiving a written appraisal from a licensed Florida appraiser ("Project"); and WHEREAS, no actions were taken in furtherance of Resolution No. CRA-R-25-0028 and the authorization requested is no longer required ("Purpose"); 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. Resolution No. CRA-R-25-0028, adopted on June 17, 2025, is hereby rescinded in its entirety. Section 3. The Executive Director and SEOPW CRA staff are hereby authorized to take any and all actions necessary in furtherance of the Purpose stated herein. Section 4. The funds associated with this Project are hereby deallocated from Account No. 10050.920101.662000.00000.0000 — "Land." Page 4 of 5 Section 5. The Executive Director is directed to return these funds to the SEOPW CRA's unrestricted fund balance. Section 6. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: ounsel 7/16/2026 Page 5 of 5