SECOND AMENDMENT TO 1109 NE 2 AVE LLC GANT

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

Resolution approving a second amendment to a grant agreement between Miami-Dade County and 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, with an initial grant of $4,000,000.00, and the first amendment was authorized by Resolution No. R-790-25 on July 16, 2025, adding $4,600,000.00 and extending the term to September 30, 2027. The resolution was adopted by the Board of County Commissioners on July 21, 2026, after being forwarded with a favorable recommendation from the Housing Committee on June 9, 2026. The file number is 261039, reference R-673-26, introduced June 2, 2026, with Keon Hardemon as prime sponsor. The document does not specify a particular street address, parcel, acreage, or number of units. The document does not state any public comment or stakeholder sentiment.