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 $4,000,000.00, and the first amendment was authorized by Resolution No. R-790-25 on 7/16/2025 for an additional $4,600,000.00, extending the term to 9/30/2027. The grant agreement was executed on 8/16/2024. The purpose of the original grant was to assist the company to acquire and develop properties with entertainment facilities consistent with the 'Historic Overtown Culture & Entertainment District' master plan. The resolution was introduced on 6/2/2026, forwarded to the BCC with a favorable recommendation by the Housing Committee on 6/9/2026, and adopted on 7/21/2026. Sponsor: Keon Hardemon. Case file number: 261039. Reference: R-673-26.