SECOND AMENDMENT TO 1109 NE 2 AVE LLC GANT

Board of County Commissioners · 2026-07-21 · resolution

Resolution adopted by the Miami-Dade Board of County Commissioners on 7/21/2026, approving a Second Amendment to a Grant Agreement with 1109 NW 2nd Ave LLC, increasing the grant from $8,600,000.00 to $12,957,876.00 for the Company's acquisition and development of properties in the Overtown area with affordable housing and commercial development. The additional $4,357,876.00 is allocated from the Overtown trust fund (funds received pursuant to Resolution No. R-860-13) and disbursed as a lump sum. The original grant was authorized by Resolution No. R-418-24 on 5/7/2024 for up to $4,000,000.00 for entertainment facilities consistent with the Historic Overtown Culture & Entertainment District; the First Amendment (Resolution No. R-790-25, adopted 7/16/2025) added $4,600,000.00 and extended the term to 9/30/2027. The Housing Committee forwarded the item to the BCC with a favorable recommendation on 6/9/2026. The file number is 261039, reference R-673-26, introduced 6/2/2026, sponsor Keon Hardemon. No specific street address, parcel, acreage, or unit count is stated. No public comment sentiment is stated.