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HomeMy WebLinkAboutSEOPW-CRA-2002-07-29-Discussion Item 10ITEM 10 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM To: Chairman Arthur E. Teele and Members of the CRA Board From: Annette E. Lewis Acting Executive Director, CRA RECOMMENDATION Date: July 15, 2002 Subject: Forgivable loan to W.H.E Enterprise References: Enclosures: It is respectfully recommended that the CRA Board approve the attached resolution authorizing the Executive Director to grant a forgivable loan to W.H.E Enterprise in an amount not to exceed $40,000 subject to the availability of funds from account number 686001.590320, for direct payment to Water and Sewer Authority (WASA) he benefit of W.H.E Enterprise for fees related to the approved CRA Project. BACKGROUND Pursuant to an agreement with W.H.E Enterprise, which lies within the OMNI Redevelopment Area to assist with the current build -out of SAX on the Beach which will not only create additional jobs within the Overtown area and through their current advertisement will lend itself to revitalize the area General Source: OMNI TIF Account Number: 686001.590320 CRA AGENDA July 29, 2002 DATE: July 5, 2002 MEMORANDUM TO: Annette Lewis Acting Executive Director Community Redevelopment Agency FROM: David Hernandez Director of Construction Management Community Redevelopment Agency B. SUBJECT: WHE ENTERPRISES RECOMMENDATION I am respectfully recommending approval of a loan or in -kind grant to W.H.E Enterprises, located at 1756 North Bayshore Drive, Miami Florida 33132, (OMNI Redevelopment Area) in an amount not to exceed $40,000 to assist WHE Enterprise with costs associated with the current build -out of SAX on the Beach. The build -out of the SAX on the Beach facility has over -exceeded initial estimates previously requested pursuant to letter of request from W.H.E Enterprises which will encourage job creation and lend itself to the revitalization of the Omni Redevelopment area. BACKGROUND SAX on the Beach lies in the Omni Redevelopment Area and is located within the Bay Park Plaza Apartments and currently leases 4700 sq. ft. Due to exceeding impact fees in addition to costs relating to construction, permits, electrical, plumbing, mechanical, staff, among additional miscellaneous costs, WHE Enterprises have been only able to use 2700 sq. ft. of their lease and are now attempting to fully utilize the square footage but are in critical need of financial assistance from the CRA. CRA AGENDA July 29, 2002 ITEM 10 RESOLUTION NO.OMNI/CRA A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING THE CRA EXECUTIVE DIRECTOR TO ENTER INTO A FORGIVABLE LOAN AGREEMENT WITH W.H.E. ENTERPRISE IN AN AMOUNT NOT TO EXCEED $40,000 SUBJECT TO THE AVAILABILITY OF FUNDS FROM ACCOUNT NUMBER 686001.590320 FOR FEES RELATED TO THE BUILD -OUT OF THE FACILITY LOCATED AT 1756 NORTH BAYSHORE DRIVE, MIAMI. WHEREAS, the OMNI Community Redevelopment Agency (the "CRA") is responsible for carrying out community redevelopment activities and projects in the OMNI Community Redevelopment Area established pursuant to the CRA Redevelopment Plan; and WHEREAS, the CRA is committed to spurring re -development and creating new job opportunities within the CRA Redevelopment Area by providing incentives and/or waivers of certain impact fees; and WHEREAS, on February 14, 2002, the CRA Board of Directors adopted motion SEOPW/CRA M-02- 19 which directed the Executive Director to schedule at the February 25, 2002 Board meeting, consideration of a $15,000 loan, with no interest, and/or grant to SAX on the Beach to assist with expenses related to Water and Sewer Authority (WASA) impact fees, further conditioning said loan with having SAX on the Beach provide the CRA with proof that it has the funds to complete the expansion of its facility; and NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1: The recitals and findings contained in the Preamble to the Resolution are incorporated herein as if fully set forth in this section. Section 2: The CRA Executive Director is hereby authorized to enter into a forgivable loan agreement with W.H.E Enterprise in an amount not to exceed $40,000 subject to the availability of funds from account number 686001.590320, for fees related to the build -out of the facility located at 1756 North Bayshore Drive, Miami, Florida. CRA AGENDA July 29, 2002 Section 3: The resolution shall be effective upon its adoption. PASSED AND ADOPTED this 29�h day of July, 2002 Priscilla A. Thompson Clerk of the Board APPROVED AS TO FORM AND CORRECTNESS: Alejandro Vilarello General Counsel Arthur E. Teele, Jr. Chairman .I CRA AGENDA July 29, 2002 July 3, 2002 Ms. Annette Lewis Acting Executive Director City of Miami Community Redevelopment Agency 300 Biscayne Blvd. Way, Suite 430 Miatni, Fl. 33131 Dear Ms. Le-vis: As you are aware, we are presently expanding our Music Club to include an additional 2000 sq.ft. of space under lease to Bay Parc Plaza. We expect to open the new area by the third week in July. We are very excited about this side of the Club as, in addition to the usual venue for musical entertainment, we will also feature a sports area, equipped with pool tables, dart boards, 3 additional TVs and one jumbo screen with monitor for large sporting events, such as the MLB, NFL, Nascar and Golf We have also changed some items in the existing side of the Club to include a private VIP Area, We have constructed a fully carpeted platform near the back door furnished with black Italian leather couches and love seats, cocktail and end tables, and complementary appointments. It is very impressive and has stirred great enthusiasm. The new area will create a minimum of 16 additional jobs including bar, floor and kitchen staff, However, it has been a struggle to make ends meet as our expenditures to the present have far outweighed our income. We are committed to making the Club a long-term success and feel that we have something very unique in downtown Miami. We also feel a strong commitment to being `pioneers', if you will, of downtown Miami's rejuvenation. NWEEntaprimi, Ina 1756 North t3ayshore Drive Miami, Fl. 33132 786-924-5535 U 002/002 We consider SAX On The Beach a classy Music Club offering a variety of food and musical entertainment reflecting the multi -ethnic diversity of the area. We have been working feverishly to get the word out through the print and radio media, flyers and mailings. We feel that once we are established we will definitely draw prospective patrons away from South Beach, in particular because we are so easily accessible, being one block off Biscayne Blvd. and close to both Arenas and the upcoming Performing Arts Center, To obtain our goals, to date, we have exceeded $127,000 in costs to include permits, electrical contractors, architect and engineer fees, mechanicals, plumbing, air conditioning engineers, upgrades to code, paint and materials, flooring, changing the store front entrance, furnishings, bar equipment and supplies, and audio and visual equipment. There are still additional costs which will be paid by completion of the project. We estimate our total outlay upon completion will be $138,000. We are in critical need of relief. We are requesting $40,000 in financial aid to assist in the expansion of the Club. Any financial assistance the CRA can provide to facilitate this expansion would be greatly appreciated. We value your time and attention to this matter and look forward to a mutually successful outcome for both SAX On The Beach and downtown Miami. Sincerely, Karen B. Segalla cc: Richard Haylor David Hernandez ..;�L-D ala - -------------- Al Lij iu, 7 i�,. 7 -Z-012,16 Am .."U OfA& ft"A t RC tr t lceo&L too e- cAarw- coo o 400 6Qt" 'a - 6co A. I I- I MI �tiO my Udowd & W*UrW www &PWIW*O-n do Vwd beft 6 Division of AIIOnY8'dAr 66neral Contractor i pi ALL lam Twine, MGM IWkwK Fir still & Ph*** f=) 0,440" t`ax ON) I I VVW Enterprises (Sax on the Beach) 1756 North Bayshore Dr Miami, F1 33132 Contract & Extras I Per Contract/C.O.D. I - I Contract Payment for commencement 2. 1 Contract Payment for permitting 3. 4 Changes 6 diciptine-Plmbg,ElectMech&FIrPIn 4. Draftsman & Architect 5. npneenng Original 6. 1 Engineering and Mech Drawings- Temperature 7, Systems -6 . Dom' � �l a 6,622.80 6,622.80 350-00 Invoice Ent III:= 6,622.80 6,622.80 1,400.00 .00 350.00 500.00 .00 Amount Paid $0.00 Amount Due $15,495-60 Subtotal 15,495.60 0-30 days 31-60 days r>1-90 days 91+ days Tote! TaX0 0.0% 1 0.00 1 $15,495.60 $0.00 $0.00 $0.00 - $15,495.60 TOW 15,495.60 & kwjw A ape= - A DIVISION OF ALL EN Y % ;ElO -0 GENERAL CONTRACTOR Iffigg 147* TWhM, MOM MIWK &' =M , Aws p" q04M,, Irm W paOW,, T4 Ail yip" MMAUM AND Invol * e 'i IM T M!, on 1760 :M 04/19102 Kntiitntihr M,1111;�"Rll fill W14E Enterptises (Sax on the Beach) 1756 North Bayshore Dr Miami, F1 33132 1. 1 .Balance from framing payment 22.50 22.50 2. 1 Constant hot (not on original plans) 585-00 595.00 3. 1 Hectrical for constant hot 250.00 250.00 4. 1 Plumbing rough payment 6,622.80 6,622.80 Amount Paid $0.00 Amount Due $7,480.30 Subtotal 7,480.30 0-30 days 31-60 days 61-90&ys 91+ days Tow Tax @ 0.0% 0.00 $9,480.30 $650-00 $0,00 $0.00 $10,130,30 Total, 7,480-30 A 17',611 r.eo IJbomed & O m Gum 1w IM{IIgM,I�YI�IW�AOy� M IW1fN�r�1� A l �r+iw� A DIVISION OF ALLEN DEk, GENERAL CONTRACTOR 19* N,9 147!h ► mom "wmi. Fi,~wnWWW AIM Invgice A Invoice # 1761 Data 04/MO2 Bill To: Ship To: VM Enterprises (Sax on the Beach) 1756 North Hayshore Dr Miami. Fi 33132 Purchase Order Terms Sales Rep General Information Req.# Quantity Description Unit Cost Discount Tax Amount 1. 1 Bal frm invoice #1757 350.00 350.00 2. 1 Bal frm invoice #1759 2,000.00 2,000.00 3. 1 Elect rough payment per contract 6,622 90 6,622.80 Amount Paid $0.00 Amount Due $8,972.80 Subtotal 9,972.80 0-30 days 31-W days 61.90 days 91+ days Total Tax 6 0.0% 0.00 $10,972.80 ! $0.00 $650.00 $0.00 $11,622,80 Total 8,972.80 Lbormwd& aw A�S�isr Fitt t q Gomm ap ow A DIVISION 0 A1,LEN DEi�; GENERAL CONTRACTOR 1"Itt » TWVSN. tratlt Maarii, *s�t .'1' ? • psi AMr ioj Mal# �rr . Invo��e Invoice # 176a Date OSJ06/02 Bill To: Ship To: WEE Enterprises (Sax on the Beach) 1756 North Bayshore Dr Miami, F133132 Purchase Order 'Terms Sales Rep (General Information Req,# Fleclrical F,,.xt m C.O.D. cluantay avescnxptton Unit Cost Discount Tax Amount 1. 3 Receptacles(wall) rmn conduit & boxes 75.00 225.00 2. 4 Duplex for TV"s run conduit & boxes 80.00 320.00 3. 1 Receptacle for projector 75.00 75.00 �. 1 Receptacle for screen 75.00 75.00 5. 5 TV Coax Runs 55-00 275.00 6, 1 Pool Table Light 75.00 75,00 7, 1 3/4 Conduit for computer & data cables 1 75.00 75.00 Amount Paid $0.00 Amoamt Due $1,120.00 Subtotal 1,120.00 0-30 days 31-60 days 61-90 days 91+ days Tout Tax 0 0.0% 0.00 $10.092.80 $2.000,00 $6%.00 $0.00 $12,742.8o Total 11120.00 r . n Z:� Lb& Y �� �_ a AweAYrfaMNflMa! A DIVISION OF ALLEN QER; GENERAL CONTRACTOR 19*WK 14M 10,Ma, Moo MWK 1;L- I SI$11, fro pwr o) ma-00 • Y4 OWN IMq "a -PIS MBTMMU AM invcO . e Invoice # 1763 Do* 05(066/02 Hill To: Ship To: WHH Lutexprises (Sax on the Beach) 1756 North Bayshore Dr NliarnL Fl 33132 Purchase Order Terms Sales Rep General infomngdon Reg.; VIP Flatform C.O.D. Q=tity Description Unit Cost Discount Tax Amount 1. 58 firs 1-Man picking up, layout & assembly 50.00 2,900.00 2. 12 Sheets 4 X 8 X 3/4 CDX 16.00 192.00 3. 20 2 X S X 10 8.50 170.00 4. 12 2 X 8 X 16 14.00 165.00 5. 1 Case 3 112 # 8 PhM s Screws 48.00 4&00 6. 1 Case 2" #`8 Phillips crews 37.50 37.50 Amount Paid $ .00 Amount Due $3,515.50 Subtotal 3,515.50 0-90 days 31-60 days 61-90 days 91+ days Tom! Tax 0 0.0% 0.00 $13,608.30 $2.000.00 $630.00 $0.00 xi6,zs m Total 3,515.50 '��,� s✓ E �.� _ ,DVS, .� t...v` �. huuw�a A" UaRved & Woured WrO I NUU VW no X, MI. we, A fi�U $�r*ia Haw -kW Ca irm •an�woh OF eoa A DIVISION OF ALLEp£R-, GENERAL CONTRACTOR 197* N1. 147f TW7=0, NOM MWW. R. ssvn • Phan (306) • Fox (30) 047.OW o Tal Frw 11600l rna-a7ro \i a IMATE MD HT Invoice Invoice # 1764 Date 05/07/02 Bill To: Ship To: WHE Enterprises (Sax on the Beach) 1756 North Dr �jB]a�jyshore Kami. F1 33132 Purchase Order Terms Sales Rep General Information Req.# Phone Line Ext. Quantity Description Unit Cost Discount Tax Amount 1. 2.5 2 Men hrs ,drilling,snal ing & placing line 70.00 175.00 2. 1 Material 48.00 48.00 Amount Paid $0.00 Amount Due $223.00 Subtotal 223.00 0-30 days 31-60 days 61-90 days 91+ days 'x ota? Tax @ 0.0% 0.00 $13,831.30 $2,000.00 $650,00 $0.00 $16,481.30 Total 223.00 CASH RECEIPTS 181377/05 DADELAN 05 APR. 30,2002 RECEIVED FROM: Karen Seg'alla 1756 N Bayshore Dr Miami F1 33132-0000 OPEN INVOICE ## 553091 INVOICE DATE 4/30/02 HM 305 799-3724 SR: WK 786 924-5535 RF: INVOICE SUB -TOTAL 2,307.32 TAX 145.43 TOTAL 2,452.75 PREVIOUS PAYMENTS BALANCE DUE BEFORE TODAYS PAYMENT 2,452.75 PAYMENT 2,452.75 NEW BALANCE DUE********* DEL/P.U. DATE 5/03/02 A S3 IMPRINT CREDIT CARD BELOW ------------------------- SALES PERSON "•NATURE 701/093344 16.56 CITY FURNITURE * 9255 SOUTH DIXIE HWY * SOUTH MIAMI, FL 33156 * TIME 16.56.36 DATE 4/30/02 * XXXYJCXXXXXXX3919 w EXP DATE 0303 * CARD TYPE MASTER * TERMINAL # 01 Y * TRAN TYPE SALE * AUTH CODE 029789 * RECORD # .03'2480 w * * * AMOUNT $2,452.75 * * * w * SIGNATURE X * SEGALLA/KAREN Magnetic card present +� *I AGREE TO PAY ABOVE TOTAL AMOUNT *ACCORDING TO CARD ISSUER AGREEMENT* * THANK YOU * PLEASE COME AGAIN ************************************ * DRIVER'S LICENSE * * * STATE FL 0604 +� w * NBR S240505506460 `ysr C I Ililcllllf IIIII Iflll 1111111111 Illll IIIII IIII�IIIII IIIII IIIII 11f11 Ill�lllll IIIII IIIII IIIII Illfl IIIII Iliff illll llil IIII INVOICE 553091/05 DADELAN 05 APR. 30,2002 16.53 PAGE 1 OF 1 SOLD Karen Segalla HM 305 799-3724 SR:Edwin Valdez TO 1756 N Bayshore Dr Miami F1 33132-0000 WK 786 924-5535 CL STK QTY SKU S2 DESCRIPTION UNIT AMOUNT GRP DlS LOCA 1 370-000-2 SP/1866 SOFA BLK 1,789.92 1 D 2 370-000-4 SP/1866 LOVE BLK 1 D 1 337-016-0 SA/LEATHER PROTECT SOFA 1 D 2 337-016-2 SA/LTHR, PROT LOVEST/CHAIS 1 D 1 207-006-1 SY/5610 OVAL C/T MAPLE 349.95 2 D 1 207-006--2 SY/5610 RND E/T MAPLE- 2 D CASH CHARGES: Deliver and Install........... 69.95 CHECK 3 Year In Home Service ......... 97.50 *****SERVICE INSTRUCTIONS***** SUBS -TOTAL 2,307.32 Deliver and Install....... TAX 145.43 Scheduled delivery date 5/03/02 8.00-1PM TOTAL 2,452.75 DIRECTIONS"* BISCA.YNE BLVD AND NE 17 TERR PAYMENT BALANCE DUE *2,452.75 "For Customer Service please call toll -free # 930-423311 "I hereby agree to the terms and conditions printed on the reverse side.of the Customer's copy of this document". 701/093344 CUSTOMER SIGNATURE I IIIIII IIJII 11�'1111f1111111111111111111!! IIII IIIII � � 11II11IIIfIIIIiIIIIIIIIilll�llllllllllllllll e. Illf 11111111111111111� INVOICE 570303/03 Sawgras 03 MAY 3,2002 15.27 SOLD Karen Segalla PAGE I OF HM 305 799-3724 SR:Esteban Velarde 1 TO 1756 N Bayshyshore Dr Miami F1 33132-00oo WIC 786 924-5535tk�'.ECLin valr�ez QTY SKU SZ DESCRIPTION STK 1 207-006-1 SY/5610 OVAL C/T Mh...X,E UNIT AMOUNT GRP DIS LOCA 199.95 1 W CASH CHECK *****SERVICE INSTRUCTIONS***** SUB -TOTAL 199.95 Warehouse pick-up date 5/03/02 AT 04 TOTAL 12.00 DIRECTIONS*** 211.95 ?A, YMENT BALANCE DUE * * * 211. 9 5 3-Year In^Home Dec:; l..hed. ikrauufacturer l s Standard warranty Applies. "For Customer.Service please call.:toll-free # 930-423311 "I hereby agree to the terms and conditions printed on the reverse side of the Customer's copy of this document". 9/152720 CUSTOMER SIGNATURE r- . 1 1 Barstools do More, Inc. 15323 South Dixie Hwy Miami, Florida 33157 BILL TO Sax On -The Beach Richard Haylor 1756 NORTH BAYSHORE DRIVE BAY PARC PLAZA BUILDING M ANff, FL 33132 Invoice DATE INVOICE # 4/18M2 4336 SHIP TO SAX ON THE BEACH 1756 NORTH BAYSHORR DRIVE BAY PARC PLAZA BUIL DR40 W110A FL 33132 P.O. NUMBER TERMS REP SHIP VIA F.O.B. PROJECT Check MM 4/18/02 Trick QUANTITY ITE"ODE DESCRIPTION PRICE EACH AMOUNT -1 75-30-E 30" Barstools(Mahagmy Finish) Emerald (Best of IntervNeav0 105.63 1,690.08T 46 925-C Mahagony Chairs ( Claret ) Best of Intcmeave 86.28 3,968.88T 30 ft. WALL BOOTH (Durati0UZQQ-.0LP1NE 2,687.00 2,687,00T 14 SE-125-7583 Table Tops 24X36 (7583 Victorian Mahagony 88.44 1,238.16T 14, =X30 PEDESTAL, BASE 60.93 851.62T 770.00T 14 BASES FOR REPLACEMENT OF THE #773 BARSTOOLS 330 55.00 bIGH (MATT BLACK 6.50°/n 728.37 Florida Sales Tax Total S11,934,11 Barstools & More, Inc .�, .. 15323 South Dixie Hwy Miami, Florida 33157 BILL TO Sax On The Beach Richard HAylor 1756 NORTH BAYSHORE DRIVE BAY PARC PLAZA BUILDING M[AW FL 33132 P.O. NUMBER TERMS Check QUANTITY ITEM CODE 2 PUFF-FN REP SHIP mm 5/8/02 DE8CRIPTION HASSOCK (WINDSTAR EBONY) HASSOCK ( ENCORE MINK Flozift,Salcs Tax VIA Thick Invo1C@ DATE_ INVOICE # 5/8/02 4596 i SHIP TO SAX ON THE BEACH 1756 NORTH BA SHORE DRIVE BAY PARC PLAZA BUILDING MIAW, FL 33132 F.O.B. PRICE EACH 145.00 145.00 6.50% PROJECT AMOUNT 145.00T 290.00T 28.29 Total S463.28 n 9 2 - SOLD TO c7r— HOME PHONE SALES CONTRACT 31351 Carpet -Rugs CUTTING —SEWING —LAYING —REPAIRING 2.412 N. MIAMI AVE. - MOM. FLGRIDA 331N - PHONE: 13D6) 573-8337 - FAX: M 57a-7332 365 &W 13TH AVE •POMPANO, FiOR_ — ­11. ­.. — ­ I E N 1- S 1 0 T V It A E L .R L T A 0 T OFFICE PHONE �D DESCRIPTION DAY OF WEEK PRICE AMOUNT _4 SUB -TOTAL PADDING SALES TAX TYPE FLOOR TOTAL ARETAL Al, .; DEPOSIT TACKLESS COD FURNITURE 11 is underslood that the I ille of the above deSCribed prop" Cd the seller. or its assign until the purchase of any nature mug be inwriting within 30 days of the Of any of the terms or condilians hereof, the sell4 PACE. together with R=rued inlereSt thereol. if -A. collect tram the purthaser the balance We or fidal Accepted for the Purchaser pass to aw purctmer. biu�Il r; eanA her tollore be the process and hold the same tree of all cLBin* ol the Purchaser and retain as NWidated damages paym t 0 made W w—d all other sums due herea kit N paid All daans Waiver or condonation by the seller cd any lbreach or default shalt consistule a waiver of aft subsequent btaita of cleiacift. Past due date. In the event ol anydelault by lhdpureffaser in the perFormRsice bitts, subject to IB% inleresl per mvium 11. on account ol any default of 1he, purithaser narried heraki, the seller should kiallituite anV sult Dt . on alaint:ce declare the unpaid portion of the puirchase at law or in equity, the purchase agrees to pay Of costs, inckpaing as reaw. erriame alto .y�s fees. incurred by the salter. Special CINIRM y due tl and thereupon the seller may either proceed to may he cancelled at seder's option only. It buVeW Camoels a special order• selleir may retain any down payrnerA as liquidated damages. ,in of a Property wherever it may be found, with or wittbme, legal The purchaser acknowledges receipt of a tree copy haraik Accept P111w, cmwj, Inc. C de de C I- C1 f NO DOORS CUT — ARS WILL VARY FROM SAMPLE 0 r . I -+ ARMAND- FORTIiN 10920 SW 177 ST MIAMI. FL 33157 INVOICE SERVICE FOR: SAX ON THE MACH 17M NORTH-SA'YSHORE ©RIVE SAX PARC PLAZA WILLS NG MIAMI, FL 33132 BILL TO: 14+:'H.E, ENTERPRISE Saieaperson: Date: 4-29-02 Invoice number. 109 Servke number. Coat estimate: 500.00 Daft oomplotad 4-29-02 PARS AND MATERIALS PART NO. QTY. PARTS DESCRIPTION PRICE EACH AMOUNT 25 FURNITURE ALTERNATIONS 20.00 600.00 Tote/ parts and materials: LABOR Tax rate: % TO: 500.00 SERVICE PERSOh HOURS. DESCRIPTION RATEIHOUR AMOUNT Total Arbor: rax rate: % Tex: amount due: 500.00 3 OMNI/ITEM RESOLUTION NO.OMNI/CRA July 29, 2002 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING THE CRA EXECUTIVE DIRECTOR TO APPROVE A LOAN OR IN -KIND GRANT IN AN AMOUNT NOT TO EXCEED $40,000 SUBJECT TO THE AVAILABILITY OF FUNDS FROM ACCOUNT NUMBER 686001.590320.6.940 FOR THE BENEFIT OF W.H.E ENTERPRISE FOR FEES RELATED TO THE BUILD -OUT OF THE FACILITY LOCATED AT 1756 NORTH BAYSHORE DRIVE, MIAMI, FLORIDA SUBJECT TO W.H.E. ENTERPRISE ENTERING INTO A FORGIVABLE LOAN AGREEMENT WITH THE CRA. WHEREAS, the OMNI Community Redevelopment Agency (the "CRA") is responsible for carrying out community redevelopment activities and projects in the OMNI Community Redevelopment Area established pursuant to the CRA Redevelopment Plan; and WHEREAS, the CRA is committed to spurring development and job creation within the CRA Redevelopment district by providing incentives and/or waivers of certain impact fees; and WHEREAS, on December 11, 2001, the CRA Board of Directors adopted motion SEOPW/CRA M-01-35 which instructed the Executive Director to meet with Mr. Richard Haylor of W.H.E Enterprises in connection with potential jobs to be created in the OMNI Redevelopment District; and WHEREAS, on February 14, 2002, the CRA Board of Directors adopted motion SEOPW/CRA M-02-19 which directed the Executive Director to schedule at the February 25, 2002 Board meeting, consideration o a $15,000 loan, with not interest, and/or grant to SAX on the Beach to assist with expenses related to Water and Sewer (WASA) impact fees, further conditioning said loan with having SAX on the Beach provide the CRA with proof that it has the funds to complete the expansion of its facility; and WHEREAS, the CRA desires to approve loan or in -kind grant in an amount not to exceed $40,000 subject to the availability of funds from account number 686001.590320.6.940, for he benefit of W.H.E Enterprises for fees related to the build -out of the facility located at 1756 North Bayshore Drive, Miami, Florida, subject to W.H.E Enterprises entering into a forgivable loan agreement with the CRA. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section l: The recitals and findings contained in the Preamble to the Resolution are incorporated herein as if full set forth in this section. t " " 1 ' ,.:.; � a rp y '. 0—V, . - July 29, 2002 OMNVITEM Section 2: The Board of Directors of the CRA hereby authorizes the CRA to enter into an agreement with W.H.E Enterprises in an amount not to exceed $40,000 subject to the availability of funds from account number 686001.590320.6.940, for the benefit of W.H.E Enterprise for fees related to the build -out of the facility located at 1756 North Bayshore Drive, Miami, Florida subject to W.H. E. Enterprises entering into a forgivable loan agreement with the CRA. Section 3: The resolution shall be effective upon its adoption. PASSED AND ADOPTED this 29th day of July, 2002 Arthur a. Teele, Jr. Chairman Percilla Thompson Clerk of the Board APPROVED AS TO FORM AND CORRECTNESS: Alejandro Vilarello General Counsel