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Home My WebLink AboutOMNI-CRA-R-03-0026ITEM 12 RESOLUTION OMNI/CRA R- 0 3 — 26 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OMNI _i COMMUNITY REDEVELOPMENT AGENCY (THE "OMNI CRA") RESCINDING OMNI RESOLUTION R-03-14, ADOPTED FEBRUARY 24TH, 2003, APPROVING A GRANT TO CLUB SPACE FOR 25% OF THE WASA IMPACT FEES ACTUALLY LEVIED, APPROVING A LOAN FOR 18 MONTHS AT THE LIBOR RATE IN AN AMOUNT NOT TO EXCEED 75% OF THE WASA IMPACT FEES ACTUALLY LEVIED, AND STIPULATING THAT THE TOTAL FOR BOTH THE GRANT AND LOAN NOT TO EXCEED A TOTAL OF $200,000. WHEREAS, Omni Resolution R-03-14 erroneously provided for a grant and loan to Club Space, a business outside the boundaries of the Omni CRA; and WHEREAS, the CRA wishes to correct the error by rescinding Omni Resolution R-03-14 with the understanding that this project will be presented to the SEOPW CRA. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: '1 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. That the Board of Directors hereby rescinds Omni Resolution R-03-14, adopted February 241h, 2003, approving a grant to Club Space for 25% of the WASA impact fees levied, approving a loan for 18 months at the current Libor rate in an amount not to exceed 75% of said fees and further stipulating that the total for both the grant and the loan shall not exceed a total of $200,000 and providing funding from SEOPW TIF project 689005.550012. Section 3. This Resolution shall be effective upon its adoption. PASSED AND ADOPTED this 31", day of March 2003. ARTHUR E. TEELE, JR. CHAIRMAN AT ST: / PRISCILLA A. THO PSO 7�r CLERK OF THE BOARD APPROVE ORM AND E ESS: A DR VILARELLO, CRA GENERALCOUNSEL OWU/CRA , 03- 26 • • S-3 Resolution authorizing the Executive Director to rovide a rant to Club Space for 25% b P g P of the impact fees levied by the Miami Dade Water and Sewer Authority (WASA); Further authorizing the issuance of an 18 month loan at the LIBOR rate in an amount not to exceed 75% of the remaining WASA levy where said loan will include a provision that would allow the CRA to make a demand on the same with a Thirty (30) Day Notice to Club Space; Further providing that the total funding must not exceed $200,000 for both the Lyrant and loan package together. S-4 Resolution requesting the Omni Advisory Board, in tandem with the businesses, hotels, condominium associations and other interested parties to "adopt" the Margaret Pace Park for the purpose of providing supplemental security and aesthetic maintenance subject to approval of the City of Miami and further instructing that the Executive Director to work with both the Chairperson of the Omni Advisory Board and the Director of the City of Miami Parks and Recreation Department to determine what items are appropriate for support from the various entities and develop an implementation plan acceptable to the t itv of Miami. ?v�::^ --k - rtC>.�,,,. >�:°. . 4..6':;ir`� ' :�:�-`.F:� w`2#..k.'.`.ir�.c�- �; •�'� i �a - �,a':�.'' OMNT/CRA .:Ra.03' 15=°w4 ,.{;f u . _•= . - r r '*:`.. x��t�w S;i'-}�ti�,.Y'w'.�-_ \'. ".".a::` =;'i3z"i"=�^n'*�:'-„%:,S�y.:' `Y..r�t:'. vr. x`-_. "'fie-.,'l' �.r �.-,`$r"�ia:" ..fit•`^ 3. .n n.�,a, a?1'.•.:.:i�±: A . .ds.]R.m .r'i-3i'� ,�..n*y._y:-... -. +': ".�, n�:j�in,�... .i- ...�. ,IVIOVED.>4WINT0N<�<=�•.,. b QF.,::.� .^. �. � ,4 _ . 4s - ..t_, •.s'F.�. .;.•.� .r�i +iv ;3:: :�:.?*;,`a.^•'y't-�;.. -fz§� ',r..,,,, ,•oa ., ._•�`• .',?, F„r.`...� =5,. 4,'i'. �: --' - -�elw h'k,'�Y r.u; Tom' Y i SECONDED. . GIONZALE_ Z�� - ;�z�` �.�, - ��: �r �,r : .: ....hi' rti: n�... .�.. _ 1. .-M1'�'•^: .,S": 1 -.nab;.. k2V ��r?. `- .i:,z`a�r�E T�77�T,��7,�7�� •`?'=e=`�'a::� ,:;x': _ .,�.a.,::j.nt..t..'i-,:"�'��s::.��.�?xw`•�..-.a,ti ,.s3,. ,v.•„x.,.. 'p�. '�.lJ1VL'11�V'llVl - - �v.. ..4'. .a. ^'k•. .. -.� .. .. ,. .�-.:;•.,:i..�r�..:n, ... .... .- -, =:ar:^ _- .':A^:.:-i='.,.a`ei. 5;'.F!li'' ��'. ...4C S-5 Resolution instructing the Executive Director to work with the City of Miami Police Chief, or his designee, to accomplish the following initiatives for the CRA Districts:" 1. Increased security patrols for the Omni Redevelopment Area and the SEOPW Redevelopment Area either through police officers or via private security service under the direction of the City of Miami Police Department. 2. Increased security patrols via an innovative police initiative to address the homeless issues affecting the businesses within the Parkwest Entertainment District either through police officers or via private security service under the direction of the City of Miami Police Department. Consideration should be given to using this area as a Pilot Program, which could be further implemented, throughout the City for similar conditions. Funding in the amount not to exceed $50,000.00 shall be provided by the CRA. OMNI / CRA 03- 26 ® ITEM 12 U • CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM To: Chairman Arthur E. Teele, Jr. and Date: March 18, 2003 File: Members of the CRA Board Subject: Rescind Club Space Resolution Omni/ CRA R-03-14 From: Fr(`/ K. Rollason References: CRA Executive Director. Enclosures: Resolution, Loan Terms RECOMMENDATION: It is respectfully recommended that the Board of Directors approve the attached Resolution rescinding Omni Resolution R-03-14, adopted February 24 h, 2003, which approved a grant to Club Space, located at 142 N.E. I Ith Street, Miami, for 25% of the WASA impact fees levied and an 18`" month loan not exceed 75% of said fees at the LIBOR rate further stipulating that the total for both the grant and the loan shall not exceed a total of $200,000 from the OMNI account. (Item #12 is related to Item #13) JUSTIFICATION: This recommendation is presented because the original Omni/CRA Resolution (R-03-14) was passed and funded by the Board of Directors of the Omni/CRA and Club Space is located within the SEOPW/CRA. Item number 13 on this Agenda corrects the error. FKR/em OMM/CRA 03 - 26