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HomeMy WebLinkAboutSEOPW-CRA-R-00-0118ITEM 16A • SEOPW/CRA s RESOLUTION NO. SEOPW/CRA 6 i, '"' : ��� f� � A RESOLUTION OF THE BOARD OF DIRECTORS OF THE COMMUNITY REDEVELOPMENT AGENCY ("CRA") AUTHORIZING THE. TOTAL EXPENDITURE OF $3 MILLION FOR THE OVERTOWN CULTURAL AND TECHNOLOGY CENTER AND APPROVING THE CAPITAL AND OPERATING BUDGET FOR THE OVERTOWN CULTURAL AND TECHNOLOGY CENTER, SUBJECT TO AVAILABLE FUNDS. WHEREAS, the City of Miami approved and adopted the Southeast Overtown/Park West Community Redevelopment Plan pursuant to Resolution Nos. 82-755 and 85-1247 (the "Redevelopment Plan"); and WHEREAS, the CRA is responsible for carrying out community redevelopment activities and projects in the Southeast Overtown/Park West Redevelopment Area (the "Redevelopment Area") established pursuant to the Redevelopment Plan; and WHEREAS, the CRA desires to authorize the total expenditure of $3 million for the Overtown Cultural and Technology Center and approve the capital budget of $2.4 million and the operating budget of $600,000 for the Overtown Culture and Technology, subject to available funds.. NOW, THEREFORE, BE IT -RESOLVED BY THE BOARD- OF DIRECTORS OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: 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 Board of Directors of CRA hereby authorizes the total expenditure of $3 million for the Overtown Cultural and Technology, subject to available funds. Section 3. The Board of Directors of CRA hereby approves the capital of $2.4 million and the operating budget of $600,000 for the Overtown Cultural and Technology Center. Section 4. The resolution shall be effective upon its adoption. PASSED AND ADOPTED on this 20th day of November, 2000. * PVC/CRA 0G-- 118 ITEM 16A SEOPW/CRA 04 APPROVED AS TO FORM AND CORRECTNESS: Holland & Knight LLP CRA Legal Counsel AN aft Arthur E. Teele, Jr., Chairman SEOPW/CRA, CITY OF MIAMI, FLORIDA • ITEM 16A INTER -OFFICE MEMORANDUM Chairman Teele and TO: oarE Members of the CRA Board SUBJECT: FROM: Dlpak M. Pare lCh REFERENCES : Executive Directo November 6, 2000 FILE Budget for Overtown Cultural and Technology Center ENCLOSURES: Resolution and Budget RECOMMENDATION It is respectfully recommended that the CRA Board of Directors adopt the attached resolution outlining the proposed expenditure for the Overtown Cultural and Technology Center subject to the availability of the funds. BACKGROUND A resolution of the Board of Directors of the CRA authorizing i) the expenditure of $3 million for the goOvertown Cultural and Technology Center subject to available funds and ii) approving the capital and operating budget for the Overtown Cultural and Technology Center. The Cultural and Technology Center is proposed with the purpose of preparing the citizens of the Overtown community with the necessary skills needed to integrate with the NAP facility that is being constructed within the CRA Boundaries. Along with the construction of the NAP will be high tech opportunities in the local Overtown area and the City as a whole. Funding Source: CDBG Partial and potential Grants Account Number: N/A SE0PW1 . 0 0 - 118