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Video-1: youtube.com/watch?v=If_alpLsDMo

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7:18 p.m. Chairman Desulme. >> Here. >> Vice Chair Timothy. >> Here. >> Board Member Burns. >> Here. >> Board Member Estimé Irvin. >> Present. >> Board Member Charles. >> Present. >> Chairman, you have a quorum to proceed. >> Thank you so much. And before we begin, I would like to acknowledge the presence

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of our state representative um we have Fabian Basabe in the back representing District 107 106. Oh, okay. I was close. >> [laughter] >> Thank you so much so for joining us um tonight. We just had a little over

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lap in meetings. Um go ahead, Madam Executive Director. >> Agenda item four, approval of commercial rehabilitation grant request for the North Miami Police Athletic League. NMCRIE staff is requesting that the NMCRIE board approve the rehabilitation grant request of $150,000 from the North

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Miami Police Athletic League for improvements to its facility located at 12110 Griffin Boulevard, North Miami. This item will require a waiver of the guidelines as there is no match requirement. The current threshold is $100,000 and the applicant is a not-for-profit entity.

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>> Thank you so much. Any discussion? Well, um um >> Move for approval. >> Second. >> Do we have to open up a public hearing? >> Oh, okay. I'm sorry. But but but Mr. Dale, please sit. Um any Guys, we're going to do this. We trying to move We We good. We went through a

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lot of things on this um Council Member has a has an issue. So, public hearing is open again. So, you may say what you want to say. But it seems like we okay. >> Okay. >> So, I guess the shirt worked. >> [laughter]

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>> Shirt. >> so much. >> Shirt. >> Um thank you. Public hearing is closed. >> I have a motion made by Board Member Charles to approve agenda item four. The The motion was seconded by Chairman Desulme. All in favor? >> Aye. >> Any opposed? Motion carries with a 5-0 vote.

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>> We did put on the record, Madam Secretary, that includes the waivers that are in the agenda report of the match requirement exceeding the current threshold and it's a not-for-profit entity. Thank you. >> Yes, thank you so much. We did include item number five into our consent agenda

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that was passed earlier. Item number six. >> Agenda item six, approval of commercial rehabilitation grant request, Solange Chez Solange Restaurant LLC. Staff request the board's approval for a rehabilitation grant request for $100,000 from Chez Solange Restaurant

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LLC located at 130 30 Northwest 7th Avenue, North Miami, Florida. Approval of this item will require a waiver of guidelines by the board as there is no match requirement. >> Move for approval. >> Second. >> Public hearing? Seeing none.

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>> Public hearing is open on the item. >> Seeing >> Seeing none coming, public hearing is closed. >> I have a motion made by board member Estevez into approve agenda item six. The motion was seconded by Chairman Desumeau. All in favor? Any opposed? The motion carries with a 5-0 vote. Agenda item seven,

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approval of revised commercial grant guidelines, a resolution of the chair and board members of the North Miami Community Redevelopment Agency approving the revised commercial grant guidelines of the North Miami Community Redevelopment Agency and a pri- and providing for an effective date. Agenda item seven. NMCRA staff is requesting that the board

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approve the following the resolution to revise the following commercial guidelines. Here are the substantive revisions. The facade grant program, the staff is requesting that we increase the current threshold from $30,000 to $50,000 with no match requirement. >> [snorts]

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>> We are also asking that we add a priority corridor enhancement to increase the grant to $75,000 with no match requirement for those who are on priority corridors. The second change is to include the priority corridor block-by-block grant program. This will

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facilitate large-scale improvements on priority corridors by >> Thank you guys for coming. >> Thank you. >> and the triplets. >> Mhm. >> We're so grateful. >> [laughter] >> You are welcome. >> Thank you, sir. >> Yeah. >> The priority corridor staff would um

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approve proposed inclusion of the program to the commercial guidelines because this will allow staff to strategically target block by block for large-scale [clears throat] exterior improvements. The property owners on that block that are chosen would not have to make any match requirement. We would the CRA would

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undertake the full cost of that renovation and it would be done by contractors that are selected by the North Miami CRA. The final grant that we would like to propose including is the priority corridor tenant improvement um grant program. If you are a business owner on the priority corridor

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and the exterior does not need any work or the exterior is being funded by the facade program, then the tenant would be eligible for $35,000 of build-out money for interior improvements only with no match requirement. >> Yes, sir. Go ahead.

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>> Couple questions real quick. Um the priority corridors are still 7th Avenue and West Dixie Highway? >> That is correct. >> Okay. And then what other commercial district is going to be left in the CRA? Um what main corridor is in the CRA? Would that be uh 125th?

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>> You have many. You have 119th, you have Northeast 6th, you have different ones. But currently the designated priority corridors are Northwest 7th Avenue and West Dixie. >> Okay. And and that money comes out of that 7th Avenue uh money, correct? That's the grants will

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come out of there, the 75. >> The 7th Avenue one does, but the West Dixie one has its own allocation now. >> Okay. And on the priority corridor where you give the 35,000 for interior improvements, can they end up getting both the exterior up to 75 and the 35

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interior at the same time? owner >> be able to get the 75,000 for the exterior improvement and then if they had a tenant in there who would qualify for the interior ESC, could get both. >> Okay. And I have a quick question. >> Go ahead. >> With um I'm okay with everything in here, but

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that no match requirement. >> [snorts] >> Mhm. >> There's that open a loophole for especially on Northwest 7th Avenue. We have a lot of um crazy tenants. Buildings are all ugly. They make no sense and we should like ticket them every day.

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And then now for opening these and there's no match requirement, how do we move with these people? So it's like it's like a free it's like a free way that we're giving them. I don't I don't fully understand this part because um if you go to Northwest 7th Avenue,

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I'll tell you from 119th to 143rd Street, it's only one plaza that looks like something. After that, every every other plaza is just like so bad. So if we just vote on this,

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we're not pushing those owners. I understand we want to help the tenant, but the owners, we're not pushing them. >> So remember >> You have like you have the flea market. We have the Motel 7. You have on and on and on and on. So I think this is not a good way to go because we're not going

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to be able to push these people. That's that's my only point. >> So remember with the $35,000 for the business tenants, they the building cannot need exterior repairs. So if that building needs exterior repairs, we have to focus on that facade first. Additionally, all scope of work has to

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be approved by the North Miami CRA and once we do have our commercial pool of contractors that we have, then all the work will be done by the um contractors that the CRA does select. So those are the things that we do have in place to kind of protect the investment of the CRA, but a business owner can't come to

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us for that tenant improvement money and we go there and they need a facade. If the exterior needs to be done, that has to be done first before they get the the internal money. And it has to all be approved by the CRA. It's not just what they want. >> My point is that how do we hold them accountable?

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By doing this. So, it's like basically we'll just go and fix everybody's building. So, it's like we have money, we just go and fix everybody's building. Um that's that's kind of my my point. >> Well, it's a minor fresh is it 35,000? Only for the reason >> 75. >> Oh, you >> I'm talking about that that I'm talking

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about that 75 because again, I'm just going to say it on North 7th Avenue. We have so many uh plaza that are like >> Right. >> in bad shape. >> There's a 5-year maintenance period that they must upkeep the property and they have to agree to that or else they have to repay the funding. So, they do have

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things that have to be in place. So, if we do fund the project and in year two, the project is not looking properly, owe the CRA back the money. So, there are there is a maintenance period that they do have to maintain the improvements that the CRA has made. >> Just want to make sure that we're doing the right thing because I don't feel

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like to me personally, I don't feel like we're doing the right thing in this. Cuz you're just giving them a free ride. >> That that's right. >> I have I have picking on where the the councilman said if we're allocating $75,000 to a plaza on the priority corridors, Dixie Highway

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and uh 7th Avenue. Yet, we have three items on here where to me the buildings are very small and the money already just for the windows, the storefront and the overhang is $150,000 all the way up to 300 something

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odd thousand dollars. What is that $75,000 going to do on 7th Avenue that has a much bigger need? I just don't you want us to approve a million dollars or more of improvements on two little

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buildings on on Dixie Highway. And then 75,000 on on the other priorities, I just don't think 75 is going to cut it and I think that we need to to to look at this a little bit more than than just right now. >> So, to be clear, we would have the

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block-by-block program on Northwest 7th Avenue as well. We've already chosen a block that we'd like to bring to the board for consideration. This is to facilitate and this is for the large-scale improvements. This is to facilitate a business property owner who says, "Oh, I see what you're doing on this priority corridor. I don't want to have to wait until you get to my block,

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but I want to make some improvements now." Then, they can make minor improvements at that $75,000 price point. They could do new signage, they could do painting, they could probably do some landscaping that will improve that corridor as well while we do get the block-by-block approach going

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on to their corridor. So, this is not for those who are in the block-by-block program. It's for somebody else who's on the same corridor who sees the work that is happening and says, "You know what? I want to start improving my property now." They would get up to $75,000. But, for those who are in the targeted block-by-block program, we make all

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exterior improvements at full cost as a CRA. >> Okay. When you >> Okay. So, if I a property owner, I do $75,000 worth of improvements that the CRA gave me money for, you come along 2 years from now, 3 years from now to do the block-by-block, you're going to

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invest all this money. What happens to the stuff that I How do we make sure that $75,000 is spent that can be incorporated to what we're going to do block-by-block? Cuz if I'm just painting my building and putting signage up, and you're going to come around and say, "Oh, by the way, this isn't our scale.

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We don't want these signs." How do we dictate that what they spend their money on is for the future plan when block-by-block gets to >> Because the CRA still the CRA still approves all scope of work. And because we already are doing that, and that's why I included the full guidelines are here. The redline guidelines are still

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here, but we would approve all um scope of work prior to approving that project. So, since we know we're doing a block-by-block on West Dixie and on Northwest 7th Avenue, there's a motif that we already know. We know there's a design guidelines when we're approving the smaller projects there with that in mind. >> Okay. But, we also don't want a

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>> cookie-cutter absolutely >> Raton where everything's tan and tile and everything else. We want the uniqueness of 7th Avenue and and Dixie. >> And the board made that clear, so we make that we make >> Are we Are we okay with moving forward or is there still some questions or if can we move this to the 14th?

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>> Hold on hold on Councilwoman. Um Are we >> I'm good with moving >> We good You good Councilwoman Charles? >> No, that was my only question. >> So okay. Go ahead. >> Move for approval. >> Second. >> I have a motion made by board member Estime Irvin to approve agenda item seven. The motion was seconded by board

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member Timothy all in Vice Chair Timothy all in favor. Any opposed? The motion carries with a 5-0 vote. Agenda item eight approval of priority corridor block grant request 136

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uh Dr. Wushley. >> NMCRE staff is requesting that the NMCRE board approve the priority corridor block by block grant request of $385,908.22 >> Mr. Attorney can we can all of them to be together since they or they have to be separate? >> and 10?

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>> Yeah, you can approve all three of those together. >> they have different numbers it's better to look at them one by one because I >> I prefer one by one. >> One by one. >> Yeah, they have different numbers. >> Already, so NMCRE staff is requesting the approval of $385,908.22

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for the large-scale exterior improvements to the property located at 13649 West Dixie Highway. It is currently operated as a physician's office and we've provided the scope of work. Which visit >> Move for approval. >> No Well, public hearing

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public hearing is open on the item. And non-public hearing is closed. >> Move for approval. >> I have a question. >> Question question We have two questions. Go ahead. >> Yes. >> Um Councilman Burns and then Charles. >> Um

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this is a looking at this building is just one building part of the of the block, correct? It's >> It's the Yeah, the three >> And then there's the the three of them. One's Um $385,000 is just for for the scope of work. I see the estimates, but it just seems like

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it's an extremely large amount of money for such a small uh building front and what the description of the work that's being done. Um if we're going to be spending that kind of money on these small scales, I don't

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think we're ever going to get any corridor done because just that [clears throat] that building almost $400,000 is a lot. And then the next one coming up, which makes a little bit more sense, where it's down into the 100,000, you know, 100 and something thousand dollars. Um

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the frontage is very similar to this $385,000. I mean, the the the the facial, the what exposes to the Dixie Highway. And such a big discrepancy >> [music] >> between this building and this building um and then it's not like a

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>> Yeah. >> uh 200-ft frontage. They're very small front frontage. And I'm just caution want to caution that we look and relook and double-check. Um it's not beyond people to >> So, the scope of work is different on

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each of the projects, which is what attributes to the different in the difference in cost. There were three bids provided by for all of the projects. So, um they came in at what they came in, and we are requesting that we go with the lowest bid for each of them. >> [snorts] >> And again, remember that this block-by-block approach, it is

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capitalizing on the CRA's investment that we already did with Massillon, and that we're currently doing with Pioneer Boulevard. So, it all builds together to show a much bigger effect on that corridor. >> And did the Did we already approve the 9% fee to the project manager

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>> It's what you're doing now. No, we didn't this is what you're doing now. >> All right, because $31,000 for something that I would think that the contractors would would >> That is that is a contractor. That is the that's the general contractor fee. >> I thought it was a outside company that was doing the uh

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Let me come back to the Matt Beth construction. >> That is a general contractor. >> That's a general contractor, so he's getting 9% to for the administrative costs and change order? >> Yes. >> And manager? Okay. >> That's what it is before the board.

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>> So, he's getting his percentage of the the cost of the the work, the cost of the materials, and then doing the work and he's going to oversee himself and get paid another $31,000 inclusive of 385? That's the way I'm reading it the way

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>> So, he's a general contractor, but there is a subcontractor that's doing the work. >> Mhm. So, who's getting So, who's getting the 9%? >> The general contractor. >> contractor is getting 9% on top of it, and then there's a subcontractor who's actually doing the

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work. >> Right, so the $385,000 is inclusive of that 9% mark. Of that 9%. >> But, his question is are we paying the subcontractor and the general contractor? >> We would open the PO if it was approved tonight under the general contractor.

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>> Does that make >> So, the general contractor pays the subcontractor. >> That's correct. >> Yes. >> Yeah, normally you have a GC and your GC gets subcontractors and they're paying out for windows, doors, and other other >> But, not only does the general contractor make his markup because he's going to submit the bill to us, not the

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subcontractors. >> What? >> Well, he's the one that's in charge. So, >> So, what I'm saying >> One second. Subcontractor charges $50 for the door or window. Subcontractor adds his 20%, 22%, 30%, whatever it is,

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on top of that. He submits the bill, we pay him, and then we're paying him 9% because he submitted the bill. >> the subcontractor's quote is already in here. It's been provided in your packet. So, we already know what the subcontractor is charging. So, that was very transparent. On top of that is the

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9%, which brings us to the $385,000 mark. So, if it is approved tonight, the PO is open for this amount for this project to be >> doing is he's already making >> Yeah, the 9%. >> making his money off of the subcontractors or the overall contract. >> not. The 9% is his money. >> That's his fee.

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>> Oh, that's his fee. And then remember, the general contractor also has to be the one to take They oversee the project and they have to make sure that they have the security bond. >> So, if one of their subcontractors >> that would love to get that deal to to pay their own bills that they they get additional money for. >> Mayor

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No, it's not the same person. I want to be clear. It's everything else that we do. It's what the developers do. They give us a contractor, they have subcontractors. It's what everybody does. It's what we approve every day. >> comes to us and says, "I'm going to build your building for $100,000." Okay. He goes and hires Sam and Paul and

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everybody else to to do the windows and all that. We're still paying the contractor $100,000. Whatever he pays his subcontractors is not our business. >> Period. >> No, that's not what's happening. >> Now, if he's going to complete the job, we're paying him 9%. >> not what is happening here. What is happening here is we procure

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>> Explain to me. >> I'm I am. We had three bids for all of these projects. We got the three bids. We have a general contractor that is going to oversee the project, and these are going to be >> hired the general contractor? >> Us or >> Our consultant did. We're going through

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This is a West Dixie project. So, we have a consultant who procured all of this. This was This is what we did. >> So, we have a consultant who >> that we pay to oversee the general contractor who we're paying. >> no, let's be clear. No, no, no, no, no, no. A part of FSP's contract is to oversee

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the West Dixie project. >> Got it. >> So, we And the This this was explained. Um [laughter] They procured three bids for each of the properties. In order to do the work, there needs to be a general contractor. They also

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procured that general contractor. >> So we paying for that service. >> are paying the general contractor the fee of 9%, which was disclosed in the packet. >> Mhm. >> The subcontractors all gave their bids. We are going with the lowest bid. So this is not a situation where the general like that's

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not what it is. They gave three bids. We go with the lowest bid. The general contractor's fee is 9% on the lowest bid. >> So that's >> That's what it is. >> Who's putting the license up that's responsible for the overall project? >> The general contractor. >> And the and the bond. So they the sub >> And the bond and everything, the general

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contractor. And they get a fee for that. >> Right. >> That's the 9%. >> Doesn't he get a percentage of the subcontractor's money? >> No. They get the 9% fee. >> Okay. Oh, that's what I wanted to get clarified. Okay. Thank you. So public hearing is open. Go

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>> I have a quick question. Now the total cost of the project is $385,9 108 and 12 cents. >> 22 cents, yes. >> Um 20 22 cents, thank you. >> Yes. >> Um Now

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so there's no requirement for the owner to pay anything. So we we paying the whole >> We are >> scope of work. >> Yes. We controlled the project. We are paying for everything. We determined the scope of work. We did get the owners to agree

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to what it is. Of course, it's their property, so they have to agree with what we're doing, but it is the CRA's project with their agreement, and we are covering everything on that project. >> Mhm. Mhm. Okay. >> Madam Madam Clerk. >> Move for approval.

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>> Second. >> I >> have a motion made by board member Estime Irving to approve agenda item eight. Motion was seconded by vice chair Timothy. All in favor? >> I. >> Any opposed? >> Opposed. >> The motion carries with a 4-1 vote.

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>> Thank you. Item nine. >> Agenda item nine, approval of priority block grant request 13651 Quick Stop. Staff is recommending approval or requesting approval of this um grant. This is for $158,000 and I $158,981.43

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for the large-scale interior improvements to the property located at 13651 West Dixie Highway. This is what is commonly known as Quick Stop. Move for approval. >> Hold on. Public hearing is open on the item. Public hearing is open. Yeah, non-public

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hearing is closed. >> Move for approval. Second. >> I have a motion made by board member Estime Irving to approve agenda item nine, seconded by vice chair Timothy. All in favor? >> I. >> Any opposed? The motion carries with a 5-0 vote. >> Item 10.

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>> Agenda item 10, approval of priority block grant request 13630 Space Music. Staff is requesting board to approve the priority corridor block by block grant request of $417,790.24 for the large-scale interior improvements to the property located at 13630 West Dixie Highway, currently

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known as Space Music. >> Public hearing is open on the item. And what what's the amount? You say four something, right? >> Yes, $417,790.24. >> Okay, thank you. >> And you're saying >> And >> Mhm. >> Right. No, no, go ahead. Sorry. Um that is just the exterior they're doing

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interior. >> No, only exterior. >> Only exterior. >> Only exterior for the four something? >> That is correct. It's a large property. >> Oh. >> Yeah, it's mixed use mixed use. >> Mixed use mixed use. >> Mixed use mixed use. We're doing >> Oh, okay. Um and we got three bids. >> Yes, they're included.

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>> Okay. >> Move for approval. >> Second. >> I have a motion made by board member Estimé Irving to approve agenda item 10 seconded by vice chair Timothy. All in favor. >> I. >> Any opposed? >> Opposed.

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>> The motion carries with a 4-1 vote. >> Item 11. >> Agenda item 11, resolution approving multi-family request Easy Do a resolution of the chair and board members of the North Miami Community Redevelopment Agency approving the funding for your to Easy Do Corporation

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for a multi-family residential project in the form of a multi-family improvement grant not to exceed $2 million authorizing the executive director and North Miami CRA attorney to negotiate and finalize a multi-family improvement grant agreement with Easy Do Corporation to provide funding for the

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rehabilitation of a multi-family residential project. Authorizing the executive director to execute the multi-family improvement grant agreement authorizing the executive director to take all action necessary to implement the terms of the multi-family improvement grant agreement and providing for an effective date

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agenda item 11. >> Staff is requesting that this NMCRA board approve a resolution authorizing an award of $2 million to Easy Do Corporation for the rehabilitation of its multi-family property. The grant will be allocating all 16 units at the property to be held for residents at 80%

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of AMI for the life of the CRA. >> Public hearing is open on the item. Public hearing is open on the item. And then probably yes, public hearing closed. >> Second. >> And we got to we got to move and a second. >> I have a motion made by board member Burns to approve agenda item 11,

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seconded by Vice Chair Timothy. All in favor? >> I. >> Any opposed? The motion carries with a 5-0 vote. >> Thank you. Item 12. >> Agenda item 12, a resolution approving infrastructure grant request MMG, a resolution of the chair and board members of the North Miami Community

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Redevelopment Agency approving the funding to MMG Colonial Holdings LLC for the redevelopment of the Colonial Shopping Center in the form of an infrastructure grant not to exceed $2,998,935. Approving authorizing the executive director North Miami CRA attorney to

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negotiate and finalize an infrastructure grant agreement with MMG Colonial Holdings LLC to provide funding for the redevelopment of the Colonial Shopping Center. Authorizing the executive director to execute the infrastructure grant agreement. Authorizing the executive director to take all action necessary to implement the terms of the

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infrastructure grant agreement and providing for an effective date agenda item 12. >> Before you speak, Madam Executive Director, we are going to go over a little bit with the with this meeting um before adjourning to the regular back.

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Just announcing, but go ahead. >> Okay, so the applicant has submitted their infrastructure grant request for consideration. This is for the redevelopment of the Colonial Shopping Center located at 400 460 Northeast 125th Street and 12300 to 1 to 124600 um

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West Dixie Highway. They're requesting the $2.9 million for this funding. It is phase one of a larger project that will include residential housing. It's been in your packet, but the residential housing comes in at phase two. It is going to be affordable housing. They only need the CRA assistance for phase

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one, which is the redevelopment of the shopping center. Where President Supermarket is, correct? >> Correct. >> Thank you. Go ahead. We're going to Give me 1 second. I'm going to open it to to the public and then Um, then we'll come back to you. I'm sorry. >> What's the disclosure that's required?

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>> Oh, this No, this is not This is not a quasi- This is Yeah, this is not a quasi- >> As an applicant, we don't have to disclose >> It's not a quasi- >> No, it's not quasi- >> It's not quasi- judicial, right? >> So, it um again, public hearing is open on the item. Public hearing is open. >> I move for approval. >> Hold on. I didn't even close it yet. I

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didn't even get to go over >> that's in my >> No, no, no, I know. Hold on. Hold on. But, public um hearing is closed on the item. Go ahead um Counselor >> very happy that this project is being brought up. They are going to do major um stormwater repairs. There's going to be some landscaping. A beautiful

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project. Thank you for bringing it. It's in District 3. So, I'd like to move for approval. >> Second. >> I have a motion made by board member Estimé Irvin to approve agenda item 12. The motion was seconded by board member Burns. All in favor? >> I. >> Any opposed? The motion carries with a

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5-0 vote. >> Thank you. >> Agenda item 13. >> The last item. Go ahead. >> A resolution approving infrastructure grant and tax increment recapture grant request, City View. A resolution of the chair and board members of the North Miami Community Redevelopment Agency approving the funding for Prestige City View LLC for a

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mixed-use redevelopment project in the form of an infrastructure grant not to exceed $17 million to be paid in five equal annual installments commencing in fiscal year 2027-2028 and a tax increment recapture incentive

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of 65% of projected city ad valorem tax revenues following the disbursement of the infrastructure grant until the North Miami CRA sunsets. Authorizing the executive director and North Miami CRA attorney to negotiate and finalize a tax increment recapture incentive and infrastructure grant agreement with

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Prestige City View LLC to provide funding for the development of a mixed-use development project. Authorizing the executive director to execute the tax increment recapture incentive and infrastructure grant agreement. Authorizing the executive director to take all action necessary to implement the terms of the tax increment

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recapture incentive and infrastructure grant agreement and providing for an effective date agenda item 13. >> The My name is Executive Director. >> Yes, applicant has submitted an infrastructure and tax increment recapture grant request for consideration of the development of the project City View located at 12,000

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Northeast 15 um 14th Avenue. Applicant is requesting the $17,000 in infrastructure grant funding and a city TIF rebate of 65% of the life of the CRA. Funding for the project would begin in fiscal year 2028 to be paid in equal installments over 5 years. TIF payments

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would only begin after all of the infrastructure dollars have been paid regardless of when the project is put into service. Additionally, the applicant will be making 18 of its current available units within the CRA bound um boundaries available in the following manner: 10 units available upon execution of the grant

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incentive agreement, four units at payment of the first installment, four units at TCO. Additionally, the project will be giving 12% of its units to be distributed as four units at 60% of AMI, 14 units at 80% of AMI, and 25 units of

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at 120% AMI. The project will include 20,000 square feet of commercial space, a parking garage, and other public infrastructure improvements to the area. >> Uh thank you. I have a um some questions, but I want to open it up to public hearing. Is the um applicant here?

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So, Mr. Gasa, go ahead. And while he's coming, Madam Executive Director, do we know what point between that one and and the tape project does interact because one start 2028 and then the other one 2023? >> 30. Correct.

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>> At what point do do we overlap? >> In 2030. In 2030, there would there would be overlap. >> And then we would have enough funding for both. >> Yes, because there are other projects that would have fallen off of, but we still don't have capacity at that time to bring on new projects. So, I want to be clear.

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>> We have funding capacity for the new one. We got the new one. We got it. Thank you. Yes, Mr. Gussert. >> Good evening. Pedro Gussert upon the night with officers at 701 Brickell Avenue on behalf of Prestige City View. Uh my apologies, my voice is uh a little bit under the weather. This evening we have a unique opportunity.

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>> How how long is your presentation? >> It's It's typically uh 10 minutes. I'm going to try to keep this very short. I'm going to keep it very short. I'm going to do 1 to 2 minutes. Yes. >> Well, for me I'm I'm good with the presentation. What was important What I'd like is that um what we always ask for affordable

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attainable housing. There's a nice mix. >> Let him present. Go ahead. >> 1 minute, please. >> Go ahead. Go ahead. Present. Sorry. >> So, I'll keep it very brief. The The short of it is um board chair and board members is that

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this applicant is probably the only applicant who has ever been before you who has been a donor of the CRA and at the day that the agreement is signed, the day it is signed will be providing units to the city before any project is developed, before any project is built, before anything is constructed on the

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site, you're going to have 10 units that are capped at 80% of the area median income on that day before anything is built. This is the location of the site. It is located south of Northeast 123rd Street, east of the railroad, in close proximity to the Brightline station that has been prepared within the city of

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North Miami. This is the location of the property. It essentially acts as a doorway for a variety of different activities and will be a premier mixed-use development on the site. This is the location with with respect to its proximity to the Brightline station as it appears on the property. This is what

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it exists today. This is a unique opportunity for us to be able to take this opportunity to redevelop the site with a mixed-use project, and this is what the improvements will be on the site. So, we're going to make a substantial improvement with respect to this property while providing for uh substantial opportunities for the

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affordability of the development and by providing affordability on the first day before we have anything in the ground to the city of North Miami. As part of this project, we're going to be providing over 20,000 square feet of commercial uses, uh 364 units on this project along

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with the additional public spaces with respect to this uh redevelopment. Uh these are some of the renderings for the site with respect to Prestige uh Estates and uh the developer of this project is a local community member who has already developed nearly 1,000 units in the

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city. The majority No, all of the projects that he purchased were once owned by slum lords that he went in, put his own dollars in, redeveloped them within the CRA, and was able to put them in a position to be able to improve uh the aspects within the city. So, this is not somebody who's coming to you who hasn't done it before. They've done this

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already within the city, and this is an opportunity for them to continue to create and enhance that. And he's actually going to put the headquarters of his office space within this redevelopment of the property. Uh these are the unique uh unit features on the property. It's going to be first-class materials and items within the facility,

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and these are some of the additional benefits. But out out of respect for your time, I'm going to try to keep it as as brief as possible, and I'm here to answer any questions that you may have. Thank you so much. >> Thank you so much. >> Mayor. If you please. >> But I did Did I I did open public hearing on the item pri- I did and

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enclosed it. Um yes, um Vice Chair, and then we'll go to um Board Member Burns and then Board Member Estimé Irving and then from [clears throat] there. >> Thank you. Um I just want to um thank the applicant cuz I know in the last we hour before posting, um I had requested

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some 60% AMI units, and it took some time and shuffling, but we were able to ensure that we had a variety of AMI units um available at this property as it sits in my district. And I also want to thank Mr. John Sasso um for advocating before you even brought this

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project to open up the streets at 121st Street. Um that will kind of serve as a this street that that closed for a while that is now reopened that can also serve as a gateway for this project. Um, but just wanted to put that on record. Thank you, Mr. Mayor. >> Thank you, sir. Thank you, ma'am. Yeah, yes, um, go ahead, sir.

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>> Um, couple questions. >> [cough and clears throat] >> What's the amount of the contribution at 65% at to the, uh, to the end of the CRA? What's What's the total dollar amount? >> With respect to the 65% recapture?

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>> Mhm. >> I would have to ask Mr., uh, >> Springs? >> Springs come up and and discuss that. >> go go ahead and while while he's coming >> I have a couple of other questions. Um, this property is part your your you represent the owner who also owns an additional,

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uh, number of acres that are within Miami-Dade County. >> That is correct. >> And it's split and over the course of the years it's been suggested and, uh, to annex it into North Miami, not annex it into North Miami, then annex it into North Miami, then not. Um,

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what do we have to do or why would you not annex um, the whole property because that one, you know, into the city of North Miami because your applicant can turn around and build something that North Miami would be opposed to on his property that's in Miami-Dade County. If you're

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getting 25, 30 million dollars from us, um, I would like to see us recapture that property into the city of North Miami into the CRA. Um, it takes about a year or so to do it, but your capable firm does it all the time. Um, why why why would we not do it?

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>> So, I think we have a a fundamental disagreement on the time that it takes. We've been doing We've worked on four different, uh, annexations within Miami-Dade County. The current run rate is about 3 to 4 years that we're seeing. So, we've been seeing we've been For example, we've been working on a, uh, annexation in the city of Florida City

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that's been taking 3 to 4 years. As a matter of fact, when we initially started the, uh, annexation, the mayor of Florida City, who was the longest serving mayor in the city's history, matter of fact, in the state of Florida's history, actually was termed out by the time we got uh, the process started and it's still going on. So,

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we're at year four for it. So, I don't think that the process is taking as quick as you may believe board member and so that's one of the core reasons why. It's something that we have looked into as a matter of fact when we first started the project it's something that we asked about, we talked about, we went to the

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to the county to discuss the opportunities and when we looked at what we would have to negotiate the timelines it it didn't make sense and so that's why we have not been able to go through the process and we don't we don't agree that that time frame that you're thinking is the time frame that will apply.

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>> But more more than anything that the county is not really on board with annexation. >> On that >> Cuz we've been there before. >> Over the course of many years they they really >> Well, you're talking about that particular property Mr. Springs? >> They're not they're not going to do that. The dollar amount of the 65% recapture over the course of the

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remaining time of the CRA. >> Um Larry Spring with Achievement Consulting Group a consultant for the project. Um based on our number runs and getting the project on by

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What year is this? 2028 so your 2029 fiscal year. Um we approximately number to be just slightly above $8 million. >> Yeah. >> For the for the total life of the >> For the total life of the CRA that we're going to so >> That's the notion amount the the

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discount you probably drop off another couple million dollars off that. A present value of that. So, probably around 6 million. >> Okay. And Madam Director why how did we get to 65% where I believe uh if at uh um

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out west the Pepper Park was at 50% until it got dropped. Um some of the other projects that we were discussing were at 50%. We're coming in at a 65% Um I also was under the the notion that the 17 million dollar ask

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was being reduced to 15 million the last time I was conferred upon that and then 65% is to me is one of the highest that we've done for any of the some of a project of this size. Yes, the the owner of the property has

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done great work rehabbing some beautiful apartments that have been were terrible and appreciate that but is new to the ground up brand new and hopefully he has great GCs to go along with him but to lay out 25 30 million

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dollars over the course of the this project the 17 plus an additional 8 gets up there quite a bit for the [music] number of units that are actually going to be there and are we capturing the tax money back on the retail space that you

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have there and what's the total square footage of that retail space? >> 20,000 >> 20,000 >> And the answer is yes. >> Yes, okay. >> Um, if you will allow me to address your question um in essence we when we put in our request

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the request are predicated on getting financing and being able to move forward immediately and as you see our offer is immediate we're offering units immediately and we're moving forward and our client is prepared to close financing and move this project forward.

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We in our negotiations back and forth and settling on providing some additional lower AMI um units this was the what we ended up in the balance of that negotiation which also is actually less cuz it was we asked for 75% of the

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total TIF available and we settled back on 65% of the city side so in essence it probably gets you to the number that you're relatively thinking of when we when we do apples when we do apples to apples comparison.

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>> Mhm. >> So, that's why. >> Any other questions? >> No, I'm good. >> Okay, thank you. Move for approval. >> Um hold on. I'm council. You you said you had some questions. >> I just want to know. Thank you so much for the presentation. Very excited about this project. When are we planning on

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breaking ground? >> Uh so that I know that Mr. Doumer Ville uh will have financing um within the next 2 to 3 months. And so I think we should be anticipating a groundbreaking this fall. >> Thank you. >> I have a quick question for you. >> Yes, sir. >> Is this reimbursable? >> Yes.

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>> Uh yes. The outlet so they have to break ground and build to start getting the >> They all are. >> Okay. Okay. That's what I thought. Just wanted to make sure this one wasn't different. >> Okay, thank you. Um I think that the item was There was a motion. It was it moved and and seconded. Okay.

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>> I have a motion made by Vice Chair Timothy to approve agenda item 12. The motion was seconded by board member Estimé Ervin. All in favor? >> I. >> Any opposed? The motion carries with a 5-0 vote. >> Thank you, board members. >> Thank you so much. Um thank you, everyone. This was a long CRA meeting. I expect there's no report. Um

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congratulations, Mr. Doumer Ville and and the team. And we are hoping for great success down in the future. Um There's no report, Madam Executive Director. I think we've had enough for one day. And you as well, Steve. I'm motion to adjourn. >> Second. >> Thank you so much.

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>> Have a motion to adjourn. >> minutes and then we'll be back to the North Miami >> Made by the chairman, seconded by board member Estimé Ervin. All in favor? Any opposed? The motion carries with a 5-0 vote. The time is now 7:59.