HomeMy WebLinkAboutSEOPW-CRA-R-02-0063SEOPW/CRA ITEM 5
SEOPW/CRA
RESOLUTION NO.
A RESOLUTION OF - THE BOARD OF DIRECTORS OF
THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY
REDEVELOPMENT AGENCY ("CRA") AUTHORIZING THE
EXECUTIVE DIRECTOR TO EXECUTE AN AGREEMENT,
IN A FORM ACCEPTABLE TO THE CITY ATTORNEY,
TO PROVIDE A GRANT, IN THE FORM OF A
FORGIVEABLE LOAN, TO SURVIVAL MUSIC STUDIO,
INC. FOR THE PURCHASE AND INSTALLATION OF
EQUIPMENT TO COMPLY WITH THE REQUIREMENTS OF
THE AMERICANS WITH DISABILITIES ACT ("ADA")
BY MAY 10, 2002, IN AN AMOUNT NOT TO EXCEED
$55,000, SUBJECT TO THE AVAILABILITY OF
FUNDS FROM ACCOUNT
NUMBER 689001.55001.6.940, AND SUBJECT TO
THE GRANTEE PROVIDING COLLATERAL FOR THE
LOAN AND COMPLYING WITH ANY AND ALL OTHER
TERMS AND CONDITIONS SATISFACTORY TO THE '
EXECUTIVE DIRECTOR AND HOLLAND AND KNIGHT,
LLP, SPECIAL COUNSEL; AND FURTHER DIRECTING
THE EXECUTIVE. DIRECTOR: (1) TO SUBMIT THE
EXECUTED AGREEMENT FOR THE LOAN WITHIN TEN
DAYS FOR RATIFICATION BY THE BOARD OF
DIRECTORS; (2) TO EXECUTE ALL REQUIRED LEGAL
INSTRUMENTS, IN A FORM. ACCEPTABLE TO THE
CITY ATTORNEY, FOR THE LOAN TRANSACTION; AND
(3) TO REPORT BACK TO THE BOARD OF DIRECTORS
WITHIN THIRTY DAYS ON THE PROGRESS BEING
MADE TO COMPLETE THE LOAN TRANSACTION.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF MIAMI, FLORIDA:
SEOPW / CRA
02- 63
i
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 an agreement, in a form acceptable
to the City Attorney, to provide a forgivable loan to Survival
Music Studio, Inc. for the purchase and installation of
equipment to comply with the requirements of the Americans With
Disabilities Act (ADA) by May 10, 2002, in an amount not to
exceed $55,000, subject to the availability of funds from
account number 689001.55001.6.940, and subject to the grantee
} providing collateral for the loan and complying with all other
terms and conditions satisfactory to the Executive Director and
Holland and Knight, LLP, Special Counsel.
Section 3. The Executive Director is further directed:
(1) to submit the executed agreement for the loan within ten
days for ratification by the Board of Directors; (2) to execute
all required legal instruments, in a form acceptable to the City
Attorney, for the loan transaction; and (3) to report back to
Page 2 of 3 SE®Pw/CR
02--
the Board of Directors within thirty days on the progress being
made to complete the loan transaction.
Section 4. The Resolution shall be effective upon its
adoption.
PASSED AND ADOPTED on this 25th day of April, 2002.
ATTEST:
PRISCILLA A. THOMPSON
CITY CLERK
APPROVED AS
EOPW/CRA R-02-63:kdw:ELF
ARTHUR E. TEELE, JR., CHAIRMAN
SEOPW / CRA
Page 3 of 3 0 2- 63
ITEM 5
RESOLUTION NO. SEOPW/CRA R- 0
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTHEAST
OVERTOWN/PARKWEST (SEOPW) COMMUNITY REDEVELOPMENT AGENCY (CRA)
AUTHORIZING THE CRA EXECUTIVE DIRECTOR TO PROVIDE A FORGIVABLE LOAN
TO SURVIVAL MUSIC STUDIO, INC. IN AN AMOUNT NOT TO EXCEED $55,000
SUBJECT TO THE AVAILABILITY OF FUNDS FROM ACCOUNT NUMBER
FOR THE PURCHASE AND INSTALLATION OF EQUIPMENT TO
COMPLY WITH THE REQUIREMENTS OF THE THE GRANITERICAN PROVIDING A COLLATERAL
DISABILITIES
ACT(ADA) BY MAY 10, 002 SUBJECT TO
AND OTHER SUCH TERMS AND CONDITIONS SATISFACTORY TO THE EXECUTIVE
DIRECTOR AND SPECIALCOUNSEL
DIRECTOR TO EXOLLAND ECUTE I ALL ; SUCH REQUIRED
D FURTHER,
AUTHORIZING THE EXECUTIVE
LEGAL INSTRUMENTS NECESSARY TO CARRY OUT THIS REQUEST AND TO REPORT
BACK TO THE CRA BOA THIR30�DL��DTC��EC
T FOR
RATIFICATION, AND REQUIRING
NECESSARY BCOMPLETED
WITHIN TEN (10) WORKING DAYS.
NOW THEREFORE, BE IT RESOLVED AGENCY OF THE BOARD
O FMIAMI, FLORIDA:F DIRECTORS
THE
COMMUNITY REDEVELOPMENT
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 CRA Board of Directors hereby authorizes the CRA Executive Director to
provide a forgivable loan to Survival Music Studio, Inc. in an amount not to exceed $55,000, subject to
the availability of funds from account number for the purchase and installation of
equipment to comply with the requirements of the American with Disabilities Act(ADA) by May 10,
2002 subject to the grantee providing a collateral and other such terms and conditions satisfactory to
the Executive Director and Special Counsel (Holland and Knight); and further, authorizing the
Executive Director to execute all such required legal instruments necessary to carry out this request
and to report back to the CRA Board in thirty (30) days and to submit a contract for ratification, and
requiring that all necessary action be completed within ten (10) working days.
SEOPW / CRA
02- 63
Section 3. This resolution shall be effective immediately upon its adoption.
PASSED AND ADOPTED this 25th day of April, 2002.
Priscilla A. Thompson
Clerk of the Board
APPROVED AS TO FORM AND CORRECTNESS:
Alejandro Vilarello
CRA General Counsel
Arthur E. Teele, Jr., Chairman
SEOPW/CRA
®2- 63
CITY OF MIAMI, FLORIDA
M
INTER -OFFICE MEMORANDUM
Chairman Arthur E. Teele, Jr. and
Members of the CRA Board
FROM:
Annette E. Lewis
Acting Executive Director, CRA
�b
DATE: April 25, 2002
SUBJECT.
FILE:
Grant Assistance to Survival Music Studio
REFER Wecsko lltion, supporting documents
ENCLOSURES:
RECOMMENDATION
It is respectfully recommended that the CRA Board of Directors approve the attached resolutions
authorizing the CRA Executive Director to provide a grant in the form of a forgivable loan to Survival
Music Studio, Inc. in an amount not to exceed $55,000, subject to the availability of funds from
account number 689001.55001.6.940 for the purchase and installation of equipment of the SEO/PW
CRA to comply with the requirements of the American with Disabilities Act (ADA) by May 10, 2002
subject to the grantee providing a collateral and other such terms and conditions satisfactory to the
Executive Director and Special Counsel (Holland and Knight); and further, authorizing the Executive
Director to execute all such required legal instruments necessary to carry out this request and to report
back to the CRA Board in thirty (30) days and to submit a contract for ratification, and requiring that
all necessary action be completed within ten (10) working days.
BACKGROUND
Complying with the American with Disabilities Act (ADA)
Funding Source: TIF
Account Number: 689001.550108.6.940
SEOpW/CRA
02- 63