SECOND AMENDMENT TO 1109 NE 2 AVE LLC GANT

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

The document is a 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. The amendment increases the grant from $8,600,000.00 to $12,957,876.00, adding $4,357,876.00 from the Overtown trust fund, for the company's acquisition and development of properties in the Overtown area with affordable housing and commercial uses. The original grant was authorized by Resolution No. R-418-24 on 5/7/2024 for $4,000,000.00, and the first amendment by Resolution No. R-790-25 on 7/16/2025 added $4,600,000.00 and extended the term to 9/30/2027. The resolution was introduced on 6/2/2026, forwarded to the Board with a favorable recommendation by the Housing Committee on 6/9/2026, and adopted on 7/21/2026. The sponsor is Keon Hardemon. The grant is to be disbursed as a lump sum payment.