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HomeMy WebLinkAboutSEOPW-CRA-R-03-0078ITEM 11 09/29/03 RESOLUTION NO. SEOPW/CRA R-®3 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA") INCREASING CONSTRUCTION FUNDING FOR THE FOLLOWING THREE OVERTOWN PROJECTS TO A TOTAL OF $1,068,000.00 BROKEN DOWN AS FOLLOWS: JACKSON SOUL FOOD RESTAURANT - $780,000.00, TWO GUYS RESTAURANT - $156,000.00, JUST RIGHT BARBER SHOP - $132,000.00; CONTINGENT UPON THE EXECUTIVE DIRECTOR NEGOTIATING NEW GRANT AGREEMENTS WITH THE THREE BUSINESSES WHICH WILL RESCIND THE EXISTING GRANT AGREEMENTS; FURTHER REQUIRING THAT THE NEW GRANT AGREEMENTS BE APPROVED BY THE CPA BOARD OF DIRECTORS PRIOR TO EXECUTION; FUNDS TO BE ALLOCATED FROM FY' 04 SEOPW TIF FUND, ACCOUNT CODE NO., 689001.550108.6.860. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities within the Southeast Overtown/Park West Redevelopment Area; and WHEREAS, the CPA entered into grant agreements to assist in the renovation and/or expansion of Jackson Soul Food, Two Guys Restaurant, and Just Right Barber Shop; and SEOPW/CRA '% 3 - Page 1 of 3 WHEREAS, additional costs will be incurred in accomplishing the renovations and/or expansion contemplated in the grant agreements; and WHEREAS the CRA desires to increase the funding provided by the CRA to accomplish the renovations and/or expansion of the businesses. 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 adopted by reference and incorporated herein as if fully set forth in this Section. Section 2. The Board of Directors authorizes the Executive Director to increase construction funding for the following three Overtown projects to a total of $1,068,000.00 broken down as follows: Jackson Soul Food Restaurant - $780,000.00, Two Guys Restaurant - $156,000.00, Just Right Barber Shop - $132,000.00; all contingent upon the Executive Director negotiating new grant agreements with the three businesses which will rescind the existing grant agreements and further provided that the new grant agreements be approved by the Board of SE®PW/CRA Page 2 of 3 u 3- 78 Directors prior to execution. Section 3. Funds to be allocated from FY104 SEOPW TIF Fund, "Construction In Progress," Account Code No. 689001.550108.6.860. Section 4. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 29th day of September, 2003. ARTHUR E. TEELE, JR., CHAIRMAN ATTEST: PRISCILLA A. tHOMPSON CLERK OF THE BOARD APPROVED JHV:z1 AND CORRECTNESS: Page 3 of 3 SE®PyV/CRA 03-- 78 ITEM l I SOUTHEAST OVERTOWN/PARK WEST AND OMNI COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM To: Chairman Arthur E. Teele Date: File: And Members of the CRA Board SEP 29 /vv- Subject: Construction Funding for Jackson Soul Food, Two Guys Restaurant, and Just Right Barber _ -- Shop From: Frank K. Rollason References: Executive Director" Enclosures:Resolution RECOMMENDATION: It is recommended that the Board of Directors for the Southeast Overtown/Park West Redevelopment .Area approve the attached Resolution authorizing the allocation of SEOPW TIF funding in a total amount of $1,068,000.00 for the construction costs associated with the following three Overtown projects in the individual amounts indicated: Jackson Soul Food Restaurant: $ 780,000.00 Two Guys Restaurant: $156,000.00 Just Right Barber Shop: $132,000.00 0 TOTAL: $1,068,000.00 JUSTIFICATION: The SEOPW Board of Directors is well aware of the history concerning these three establishments in reference to the CRA's attempt to provide them with both construction funding for renovations as well as technical assistance in the way of engineering, design, permitting, and project management, as well as the actual contractor to perform the work. This direction is aimed at negating almost all work that has previously been performed to include rescinding the grant agreements executed by all parties going back to February 2001. It is the intent of this resolution to, start fresh utilizing TIF funds instead of the. stipulated CDBG funding within all three grant agreements and to go forward with new plans to the finished construction project as a grant to cover all expenses within the agreed upon scope of work. This methodology appears to be the cleanest and clearest way to move forward and complete all three of these projects in a timely fashion. Be advised that the Board already approved SEOPW Resolution No. 03-53 on May 19, 2003, awarding H.J. Ross a work order for $70,000.00 to perform the technical aspects required and project management for all three businesses. This Resolution will require further amendment increasing the fees as dictated by the scope of services agreed upon by both parties of each grant agreement. This amendment will be handled in a subsequent resolution to be considered at the same Board meeting as this item. FUNDING SOURCE: FY' 04 SEOPW TAX INCREMENT FUNDS, ACCOUNT CODE NO. 689001.550108.6.860 SEOPWICRA FKR/ap 03- 78 AGENDA ITEN* FINANCIAL INFORMATION FORM ITEM I I CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY SEOPW CRA CRA Board Meeting Date: SEP 2 9 �uUa CRA Section: Construction/Building Brief description of CRA Agenda Item: Construction costs associated with Two guys Restaurant SEP 2 9 2003 Project Number (if applicable): - FY104 SEOPW Tax Increment Fund YES, there are sufficient funds in Line Item: 689001 Index Code: 550108 Minor: 860 Amount: $156,000.00 NO (Complete the following source of funds information): Amount budgeted in the line item: $ Balance in the line item: $ Amount needed in the line item: $ Sufficient funds will be transferred from the following line items: ACTION ACCOUNT NUMBER TOTAL Project No./Index/Minor Object From $ To $ From $ To $ Comments: Approved by: Date: 9 '7o; CRA txecutive Director/Designee APPROVALS CPA Accounting Section CPA Finance Section Verified by• Verified by: �6. e,� Date: Date: f1ll-lez SEOPW/CRA 0Jm 7 ITEM I I • • • e^e� J CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY SEOPW CRA CRA Board Meeting Date: AGENDA ITE,* FINANCIAL INFORMATION FORM SEP 2 0 ?003 CRA Section: Construction/Building Brief description of CRA Agenda Item: Construction costs associated with Just Right Barber Shop SEP 2 9 2003 Project Number (if applicable): - FY'04 SEOPW Tax Increment Fund YES, there are sufficient funds in Line Item: 689001 Index Code: 550108 Minor: 860 Amount: $132,000.00 NO (Complete the following source of funds information): Amount budgeted in the line item: $ Balance in the line item: $ Amount needed in the line item: $ Sufficient funds will be transferred from the following line items: ACTION ACCOUNT NUMBER TOTAL Project No./Index/Minor Object From $ To $ From $ To $ Comments: (� L vG=Q e--•l_ V Approved by:G Date: CRA Executive Director/Designee APPROVALS CPA Accounting Section CRA Finance Section Ver' b Verified by: 4- Date: '-7�1 SEOPW/CRA, 03- 78 0 AGENDA ITEMO FINANCIAL INFORMATION FORM ITEM I I • • • CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY SEOPW CRA CRA Board Meeting Date: 2 ; 2003 CRA Section: Construction/Building Brief description of CPA Agenda Item: Construction costs associated with Jackson Soul Food Restaurant SFP 2 9 2003 Project Number (if applicable): - FY104 SEOPW Tax Increment Fund YES, there are sufficient funds in Line Item: 689001 Index Code: 550108 Minor: 860 Amount: $780,000.00 NO (Complete the following source of funds information): Amount budgeted in the line item: $ Balance in the line item: $ Amount needed in the line item: $ Sufficient funds will be transferred from the following line items: ACTION ACCOUNT NUMBER TOTAL Project No./Index/Minor Object From $ To $ From $ To $ C ments: Approved by: Date: 9 0 ? CRA Executive Director/Designee CPA Accounting Section Verified by: Date: APPROVALS CRA Finance Section Verified by: Date: SEOPW/CRA a SEOPW/CRA ITEM 9 RESOLUTION NO. 8 0 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA") DIRECTING THE EXECUTIVE DIRECTOR AND THE CONSULTING ENGINEER TO UPDATE THE ESTIMATES FOR ARCHITECT FEES, CURRENTLY DATED AS OF SEPTEMBER 2000, PERTAINING TO THE RENOVATION AND EXPANSION PROJECTS OF THREE OVERTOWN BUSINESSES THAT HAVE BEEN AWARDED GRANTS UNDER THE COMMERCIAL REVITALIZATION SUPPLEMENTAL GRANT PROGRAM ("CRSGP"), AND TO REPORT BACK, ON THE UPDATED ESTIMATES FOR FEES, AT THE BOARD OF DIRECTORS' MEETING SCHEDULED FOR JANUARY 2003; FURTHER DIRECTING THE EXECUTIVE DIRECTOR TO UPDATE THE GRANT AGREEMENTS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, PERTAINING TO THE PROJECTS TO REFLECT THE RESULTS OF LEGISLATION ADOPTED BY THE BOARD, AND TO INCORPORATE THE UPDATED ESTIMATES FOR FEES BASED UPON THE SCOPE OF SERVICES TO BE PROVIDED. WHEREAS, The CPA was authorized to implement a Commercial Revitalization Supplemental Grant Program ("CRSGP") to assist property owners and merchant lease holders (with the property owner's approval) seeking. financial assistance to upgrade and expand those businesses located in the redevelopment area, pursuant to Resolution SEOPW/CRA T-00-65. 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: SE®j�W/C1� U3® 78 i SECPNV/CRA 02- 180 J 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 directs the Executive Director and the Consulting Engineer to update the estimates for architect fees, currently :dated as of September 2000, pertaining to the renovation and expansion projects of three Overtown businesses that have been awarded grants under the CRSGP, and to report back, on the updated estimates for fees, at the Board of Directors' meeting scheduled for January 2003. Section 3. The Executive Director is further directed to update the grant agreements, in a form acceptable to the City Attorney, pertaining to the projects to reflect the results of legislation adopted by the Board, and to incorporate the updated estimates for fees based upon the scope of services to be provided. Section 4. This resolution shall be effective immediately upon its adoption. SE®PW/CRC SEOPW/CRA Page 2 of 3 0 3- 78 0 2_ 180 0 PASSED AND;ADOPTED this 16th day of December, 2002. ATTEST: PRISCILLA A. THOMPSON CITY CLERK APPROVED AS TO FORM AND CORRECTNESS: PRO VILARELLO TTORNEY PW/CRA R-02-180:ELF ARTHUR E. TEELE, JR., CHAIRMAN i Page 3 of 3 r t ®PVT/CRA 0- 8 NT I CRA 02- 1.80 • C)fg W10 PROJECT BUDGET STATUS & FUNDING SUMMARY Project Name Jackson Soul Food Restaurant Expansion/Renovation` Project Status In Design Stage Date of Report 9/29/03 1 Original budgetppraprIa ron ernaming Estimated Revision Funding Funding Ordinance/Reno. Expenditure» Fund , Budget and Date Source Amount No, and Date td-Date Balance. . $780,000.00 9/29/2003 SEOPW TIF $780,000.00 Approval on 9/29/03 $0.00 $780,000.00 r3 a `Reflects construction costs only PROJECT BUDGET STATUS & FUNDING SUMMARY Project Name Two Guys Restaurant Renovation` Project Status In Design Stage Date of Report 9/29/03 Original u ge ppropria ion Estimated Revision Funding funding Ordinance/Reso. Expenditure- _. ;Remaining Budget. and Date Source Amount No. and Date to -Date Fund'Saiance $156,000.00 9/29/2003 SEOPW TIF $156,000.00 Approval on 9/29/03 $0.00 $156,000.00 • * Reflects construction costs only C W o? PROJECT BUDGET STATUS & FUNDING SUMMARY Project Name Just Right Barber Shop Renovation* Project Status In Design Stage Date of Report 9/29/03 ungmal buagetAppropriation Estimated Revision Funding Funding Ordinance/Reso. Expenditure- Remaining Budget and ©ate Source Amount No. and Date to -Date Fund'Ballance $132,000.00 9/29/2003 SEOPW TIF $132,000.00 Approval on 9/29/03 $0.00 $132,000.00 []I * Reflects construction costs only • T.Y. LIN INTERNATIONAL / H.J. ROSS City. of Miami: Community. Redevelopment Agency Dato 09/04/03 Overtorvn Projects -Cost Summary. Probable Construction Total Engineering, Construction Contingency Construction Testing, Total Project PROJECT Cost 20% Cost Inspection Cost Jackson's Soul Food -Restaurant ---------- ----------------------------------------------- --_ $650,000 $130,000 $780,000 $140,000 $920,000: ---------------------------------------------------------------------------------- -Two-Guys Restaurant ----------------------- $130,000 ----------------- -- - --------------------- $26,000 - - -- -- -- -- ---------------------------------------------- $156,000 ----------- ---------- $50,100 ----------------------- ---------------------- $206,100 ---------------------- ----------------------------------------------------------- Just Right Barber Shop - ------------------- ----------------------- $110,000 ----------------------- ---------------------- $22,000 ---------- �----------- ----------------------- $132,000 ----------------------- ----------------------- $21,400 ----------------------- ---------------------- $153,400 ---------------------- TOTAL $890,000 $178,000 $1,068,000 $211,500 $1,279,500 CADocuments and Settings\frollason\Local Settings\Temporary Internet Files\0LK226\[0T 3 CostS.XIsJA