HomeMy WebLinkAboutSEOPW-CRA-R-03-0011SEOPW/CRA ITEM 7
RESOLUTION NO.0 3
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY
REDEVELOPMENT AGENCY ("CRA") AUTHORIZING THE
INCLUSION OF NATIONWIDE RETIREMENT SOLUTIONS
AS AN OPTIONAL 457 DEFERRED COMPENSATION PLAN
PROVIDER FOR EMPLOYEES OF THE AGENCY.
WHEREAS, the Board of the Directors acknowledges that the
employees of the Agency are rendering valuable services; and
WHEREAS, the establishment of an additional 457 Deferred
Compensation Plan Provider for the benefit of those employed by
the Agency allows for the broadening of employees individual
retirement options.
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:
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 Board of Directors herewith authorizes
the inclusion of Nationwide Retirement Solutions as an optional
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457 Deferred Compensation Plan provider for employees of the
Agency.
Section 3. This Resolution shall be effective upon its
adoption.
PASSED AND ADOPTED this 24th day of February, 2003.
ARTHUR E. TEELE, ., CHAIRMAN
ATTEST:
zs�44'4P�
PRI4tILLA A. THOMPSON
CITY CLERK
APPROVED AS TO FORM
AND CORRECTNESS: -do
MO `TI LARELLO
TTORNEY
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ITEM 7
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
To: Chairman Arthur E: Teele, Jr. and Date: February 10, 2003 File:
Members of the CRA Board
Subject: Nationwide Retirement Solutions
From: Frank K. Rollason References:
CRA Executive Director
Enclosures: Resolution
RECOMMENDATION
It is respectfully recommended that the CRA Board of Directors authorize the inclusion of Nationwide
Retirement Solutions as an optional 457 Deferred Compensation Plan provider -to persons employed by
the Agency.
JUSTIFICATION:
i:.Nationwide Retirement Services gives the employees of the agency an additional option in choosing a
plan more suitable to their needs.
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WHEREAS, the COUNTY will assist the CRA in }
l� carrying out the PROTECT by
developing and financing the catalytic project, the Performing Arts Center, utilizing, in part, tax
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increment revenues as described in the Plan; and
V-11-MREAS, the COUNTY and the CRA desire to provide the manner in which the
COUNTY shall have overall responsibilities for the Performing Arts Center, and the CRA shall
have overall responsibilities for the remainder of the PROJECT;
NOW, THEREFORE, the COUN-TY and the. CRA agree as follows:
I. CRA AND COUNTY RESpO NSIBILITIES
A. Tho COLNTY shall have the sole right and responsibility for planning, surveys,
land acquisition, construction management, and all other community redevelopment undertakings, ..
activities, or projects and related activities as defined in Chapter 163, Florida Statutes, relating to
the Performing Arts Center as shown in the Plan. The COUNTY shall have the right to ensure
that the CRA is complying with the South Florida Building Code in all development activities of
the PROJECT.
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Emxpt as otherwise specifically included herein, the CRA shall not have any rights or
responsibilities in connection with the development or construction of the: Perfornvnge Arts Center.
B. The County Manager shall designate County Project Coordinators who shall be
Primarily responsible for carrying out all aspects of the PROJECT relating to the Performing Arts
Center, and -specifically those aspects specified in paragraph I.A. The Cuunry Project
Coordinators will provide quarterly reports to the LIRA of any COUNTY activity associated with
the Pertorrning Arts Center and will carry out the daily responsibilities of such activity.
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C. The CRA shall designate a CRA Project Coordinator, who shall be primarily
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responsible for
Ong out all aspects of the PROJECT other than those relating to the
Performing Arts Center, The CRA Project Coordinator will provide annual reports to the
COUNTY of any CRA activity associated with all such aspects of the PRQjBC-l'.
D. Spccifcally, the CRA Project Coordinator will be responsible for: implementing
the Plan, other than the Performing Arts Center; developing proposals for financing the
PROJECT, other than the Performing Arts Center; coordination of relocation activities; and
coordination of the design and construction of public improvements necessary to support any
CRA administered redevelopment activity implementing. the Plan (wliir` :all exclude any
redevelopment activity t elating to the Performing Arts Center),
n• PROJECT ACTIVITIES
A• Land Disposition
l • With the exception of any activity associated with the Performing Arts
Center, the CRA ,shall be responsible for all land acquisition, including the use of eminent domain
I to acquire land,
2. With regard to any CRA redevelopment activity unrelated to the
Performing Arts Center, the CRA shall prepare project marketing materials and shalt be
responsible fbr.advertisinR for developers to submit proposals.
3 Any disposition of land for the PROJECT shaii be accomplished in
Accordance with applicable federal guidelines, applicable provisions of state law, and established
PROJECT guidelines.
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