HomeMy WebLinkAboutSEOPW-CRA-M-00-0122tCITY OF MIAMI, FLORIDA ® l 1 LM ly
INTER -OFFICE MEMORANDUM
Chairman Teele and DATE: November 6, 2000 FILE:
Members of the•CRA Board
SUBJECT: Arena Square Apartments plan
For a $900,000 grant
M : Dipak M. Pare kh REFERENCES:
Executive Directo
ENCLOSURES: Resolution and Grant Agreement
RECOMMENDATION
It is recommended that the CRA Board of Directors approve the attached resolution approving the plan
for a $900,000 grant to the Arena Square Apartments.
BACKGROUND
Resolution approving the plan for a $900,000 grant to the Arena Square Apartments based on a five to
one leverage ratio to pay for improvements to the Arena Square Apartments in a manner consistent with
the Third Avenue Business Corridor and the Overtown Charette.
Funding Source: N/A
Account Number: N/A
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