48-87 RDA
RESOLUTION NO. 48-87
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
MIAMI BEACH, FLORIDA AUTHORIZING THE EXECUTIVE
DIRECTOR TO SEEK APPRAISALS FOR BLOCKS 78 AND 80
OF OCEAN BEACH ADDITION NO.3; AUTHORIZING THE EXECUTIVE
DIRECTOR TO NEGOTIATE OPTIONS ON PRIVATELY-OWNED
PARCELS WITHIN THESE TWO BLOCKS; AND AUTHORIZING THE
AGENCY'S ATTORNEY TO SELECT AND HIRE QUALIFIED BOND
COUNSEL FOR THE PURPOSES OF ISSUING TAX INCREMENT
REVENUE BONDS WHEN HE DEEMS IT APPROPRIATE.
BE IT RESOLVED BY THE REDEVELOPMENT AGENCY OF THE CITY OF MIAMI
BEACH, FLORIDA, THAT
WHEREAS, the City of Miami Beach, through Resolution No. 76-
14961 of February 17, 1976, created the Miami Beach Redevelopment
Agency in order to administer and exercise the community
redevelopment powers of the City of Miami Beach in accordance
with the provisions of the Community Redevelopment Act of 1969,
Chapter 163 of the Florida Statutes; and
WHEREAS, the City commission of the City of Miami Beach,
through Resolution No. 83-17403 of July 6th, 1983, declared
itself to be the Miami Beach Redevelopment Agency pursuant to the
authority of the Community Redevelopment Act of 1969, SS 163.357,
Florida Statutes (1979); and
WHEREAS, the Redevelopment Agency of Miami Beach is
empowered to designate certain slum and blighted neighborhoods as
redevelopment areas and undertake the necessary efforts to
redevelop them according to approved plans; and
WHEREAS, South Pointe is the only designated community
redevelopment area within the City of Miami Beach; and
WHEREAS, the South pointe Revitalization Strategy and
supporting Corridor Studies, approved by the City of Miami Beach,
recognize that a key consideration in redevelopment efforts
through the South pointe area is the availability of suitably
large parcels, as the small size of existing lots and ownership
patterns makes land assembly difficult; and
WHEREAS, Blocks 78 and 80 of Ocean Beach Addition No. 3 have
been identified as a suitable redevelopment site for the
construction of attractively-designed residential units; and
WHEREAS, the Redevelopment Agency has prepared a request for
proposals from developers for redevelopment of the entire two-
block site; and
WHEREAS, an independent appraisal of the property wi thin
this two-block site is necessary in order to determine its value;
and
WHEREAS, the assembly of the privately-owned parcels
included within the two-block site need be concluded within a
reasonable period of time and at a reasonable price through
negotiations with owners of said parcels for the purpose of
Obtaining purchase options; and
WHEREAS, the costs of optioning and/or acquiring private
parcels within the site will be underwritten by the Redevelopment
Agency through the issuance of tax increment bonds, for which the
Redevelopment Agency needs to select and hire qualified bond
counsel;
NOW, THEREFORE, BE IT DULY RESOLVED BY THE REDEVELOPMENT
AGENCY OF THE CITY OF MIAMI BEACH, FLORIDA THAT THE EXECUTIVE
DIRECTOR BE AUTHORIZED:
1. To seek appraisals for property wi thin the two-block
site;
2. To negotiate options on privately-owned parcels within
these two blocks; and
BE IT FURTHER RESOLVED that the Redevelopment Agency's
Attorney be authorized to select and hire qualified bond counsel
for the purposes of issuing tax increment bonds to pay for the
cost of land acquisition and other expenses related to this
project, when he deems it appropriate.
PASSED AND ADOPTED this 23rd day
ATTEST:
~~ htj.~
SECRETARY
FOR'~ APPROVED
LEGAL DEf'T.
By_~~B~
Il - 17 -f'7
Date