HomeMy WebLinkAboutOMNI-CRA-R-02-0034OMNI/CRA ITEM 1
RESOLUTION NO. 0 2 — 34
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
OMNI COMMUNITY REDEVELOPMENT AGENCY ("CRA")
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE
COOPERATIVE POLICY AND PROGRAM AGREEMENTS, IN
A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO
ASSIST IN THE MARKETING OF THE OMNI
REDEVELOPMENT AREA BY PROVIDING MATCHING
UNDERWRITING FUNDS FOR THE COST OF VENUES IN
THE OMNI REDEVELOPMENT AREA, SPECIFICALLY TO
SUPPORT EDUCATIONAL, SCIENTIFIC, CHARITABLE,
CULTURAL, AND ENTERTAINMENT ACTIVITIES, IN AN
AMOUNT NOT TO EXCEED $90,000, SUBJECT TO THE
AVAILABILITY OF FUNDS FROM THE OMNI TAX
INCREMENT FUNDS, ACCOUNT NUMBER
686001.590320; FURTHER INSTRUCTING THE
EXECUTIVE DIRECTOR TO PROVIDE REPORTS OF ALL
SUCH EXPENDITURES, TO THE BOARD OF DIRECTORS,
ON A QUARTERLY BASIS.
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 this Resolution are incorporated herein as if fully
set forth in this Section.
Section 2. The Board of Directors authorizes the
Executive Director to execute cooperative policy and program
agreements, in a form acceptable to the City Attorney, to
assists in the marketing of the Omni Redevelopment Area by
providing matching underwriting funds for the cost of venues in
G-,, /CRA
02- 34�
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the Omni Redevelopment Area, specifically to support
educational, scientific, charitable, cultural, and entertainment
activities, in an amount not to exceed $90,000, subject to the
availability of funds from the Omni Tax Increment Funds, account
number 686001.590320.
Section 3. The Executive Director is instructed to
provide reports of all such expenditures, to the Board of
Directors, on a quarterly basis.
Section 4. This resolution shall be effective
immediately upon its adoption.
PASSED AND ADOPTED this 30th
day
of
May, 2002.
ART
UR
E.
TEELE, JR., HAIRMAN
ATTEST:
2-
PRISCILLA A. THOMPSON
CITY CLERK
APPROVED AS TO F
AND CORRECWTEbS :
RNEY
/CRA R-02-34: ELF
Page 2 of 2 ®NINI/CRA
02- 34
May 3U, 6UUL
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM ITEM 1
Chairman Arthur E. Teele, Jr. and May
TO: Members of the CRA Board DATE: FILE,
Technical assistance to Omni
SUBJECT: property owners for the marketing
of the Omni Redevelopment Area.
FRONAmette E. Lewis i0001 REFERENCES:
Acting Executive Director, CRA Resolution, supporting documents
ENCLOSURES:
RECOMMENDATION
It is respectfully recommended that the CRA Board of Directors approve the attached resolution
authorizing the Executive Director to enter into cooperative policy and program agreements to assist in
the marketing of the Omni Redevelopment Area by providing matching underwriting funds for the cost
of venues in the Omni Redevelopment Area, specifically to support educational, scientific, charitable,
cultural, and entertainment activities in an amount not to exceed $90,000 subject to the availability of
funds from the Omni TIF, further instructing the Executive Director to provide a quarterly report to the
Board of all such expenditures.
BACKGROUND
The CRA is committed to removing slum and blighted conditions from the Parkwest, Overtown and
Omni Redevelopment Areas. In areas where re -development have occurred, the CRA is committed to
promoting the resulting activities to further attract investors and visitors alike to the Redevelopment
areas, thus revitalizing the neighborhoods and creating a permanent "Destination" for both tourists and
residents.
General Source: Omni TIF
Account Number: 686001.590320
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