HomeMy WebLinkAboutCRA-R-26-0045 MemorandumSEOPW Board of Commissioners Meeting
September 10, 2026
SOUTHEAST OVERTOWN/PARK WEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Christine King Date: September 4, 2026
and Members of the CRA
Board File: 19814
From: James McQueen
Executive Director
Subject: Rescind Resolution No. CRA-R-25-
0072 (Grant to F.S.H. Holdings,
LLC)
Enclosures: File # 19814 - Backup -
SEOPW Resolution No.
CRA-R-25-0072
File # 19814 - Backup -
F.S.H. Holdings Property
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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-25-0072,
adopted on November 20, 2025, in its entirety ("Purpose").
Through Resolution CRA-R-25-0072, adopted on November 20, 2025, the Board of Commissioners
authorized the Executive Director to negotiate and execute a grant agreement, in a form acceptable to
Counsel, between the SEOPW CRA and F.S.H. Holdings, LLC, a Florida limited liability company, for
critical structural, safety, and cosmetic improvements, along with a comprehensive modernization of the
electrical system for the creation of affordable housing at 1127 Northwest 1st Place, Miami, Florida 33136
(Folio No. 01-3136-009-1950) ("Property") ("Project").
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. 10050.920101.883000.0000.00000 — "Other Grants and
Aids."
FACT SHEET:
Funding request: n/a.
Scope of work or services (Summary): Rescinding Resolution No. CRA-R-25-0072.
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AGENDA ITEM
FINANCIAL INFORMATION FORM
SEOPW CRA
CRA Board Meeting Date: September 10, 2026
CRA Section:
Approved by:
Approval:
Executive Director 9/3/2026
Miguel A Valcntin, Tiance Officer 9/3/2026
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Southeast Overtown/Park West
Community Redevelopment Agency
File Type: CRA Resolution
Enactment Number: CRA-R-26-0045
File Number: 19814 Final Action Date:9/10/2026
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW
CRA"), RESCINDING RESOLUTION NO. CRA-R-25-0072, ADOPTED ON
NOVEMBER 20, 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. 10050.920101.883000.0000.00000 "OTHER GRANTS AND
AIDS"; PROVIDING FOR THE INCORPORATION OF RECITALS AND AN EFFECTIVE
DATE.
WHEREAS, the SEOPW CRA wished to assist F.S.H. Holdings, LLC, a Florida limited liability
company, for critical structural, safety, and cosmetic improvements, along with a comprehensive
modernization of the electrical system for the creation of affordable housing at 1127 Northwest 1st Place,
Miami, Florida 33136 (Folio No. 01-3136-009-1950) ("Property") ("Project"); and
WHEREAS, through Resolution No. CRA-R-25-0072, adopted on November 20, 2025, the
Board of Commissioners authorized the Executive Director to negotiate and execute a grant agreement, in
a form acceptable to Counsel, between the SEOPW CRA and F.S.H. Holdings, LLC, to underwrite costs
associated with the Project; and
WHEREAS, no actions were taken in furtherance of Resolution No. CRA-R-25-0072 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-25-0072, adopted on November 20, 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.
10050.920101.883000.0000.00000 — Other Grants and Aids.
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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 9/3/2026
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