SECOND AMENDMENT TO 1109 NE 2 AVE LLC GANT

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

The Miami-Dade Board of County Commissioners adopted Resolution R-673-26, 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 will be allocated from the Overtown trust fund (funds received pursuant to Resolution No. R-860-13) and disbursed as a lump sum. The grant agreement was originally authorized by Resolution No. R-418-24 on May 7, 2024, for $4,000,000.00, and the first amendment was authorized by Resolution No. R-790-25 on July 16, 2025, for an additional $4,600,000.00, extending the term to September 30, 2027. The Housing Committee forwarded the item to the Board with a favorable recommendation on June 9, 2026. The resolution was introduced on June 2, 2026, and adopted on July 21, 2026. The sponsor is Keon Hardemon. No public comment or stakeholder sentiment is stated in the document.