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HomeMy WebLinkAboutSEOPW-CRA-R-98-0015RESOLUTION NO SF-0pW/C%9 9 15 A RESOLUTION AUTHORIZING THE EXECUTIVE DIRECTOR OF THE COMMUNITY REDEVELOPMENT AGENCY ("CRA") TO PREPARE AND APPLY TO THE UNITED STATES ECONOMIC DEVELOPMENT ADMINISTRATION ("EDA") FOR A $3 MILLION GRANT FOR THE PURPOSE OF FUNDING QUALIFIED COMMERCIAL DEVELOPMENT ACTIVITY IN THE NW 3RD AVENUE BUSINESS CORRIDOR, FROM NW 8TH STREET TO NW 14TH STREET, AND NW 8TH STREET FROM NW 3RD AVENUE TO NW 4TH AVENUE. WHEREAS, pursuant to Resolution 98-592 adopted on June 9, 1998, the City of Miami Commission designated NW 3rd Avenue, from NW 8t" Street to NW 10d' Street and NW 8d~ Street from NW 3rd Avenue to NW 40' Avenue as a "Priority Pilot Project" ("Project"), and WHEREAS, the Project is intended to encourage commercial developments by providing financial assistance and infrastructure improvements for new and expanding businesses; and WHEREAS, the United States Economic Development Administration provides funding support to qualified commercial projects within the inner city areas; WHEREAS, the CRA intends to promote and support new commercial developments by providing funding to qualified businesses; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA. OM 98- 15 Section 1. The recitals and findings contained in the Preamble to this Resolution are incorporated herein as if fully set forth in this Section. Section 2. The Executive Director of the Community Redevelopment Agency is hereby authorized to prepare and apply to the United States Economic Development Administration ("EDA") for a $3 million grant for the purpose of funding qualified commercial development activity in the NW 3rd Avenue Business Corridor, from NW 8th Street to NW 141h Street, and NW 3rd Avenue to NW 4th Avenue. Section 3. This Resolution will be effective immediately upon its adoption. PASSES AND ADOPTED on this3 0 th day of June 1998. ATTEST - Walter J. Foeirdn, City Clerk APPROVED AS TO FORM AND CORRECTNESS: kmqAf LLP Holland & Knight, LLP CRA Legal Counsel FA 4� Arthur E. Teele Jr., an •