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HomeMy WebLinkAboutCRA-R-22-0025Southeast Overtown/Park West Community Redevelopment Agency Legislation CRA Resolution: CRA-R-22-0025 File Number: 12142 Final Action Date:6/23/2022 THIS RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("SEOPW CRA") AUTHORIZES A GRANT, IN AN AMOUNT NOT TO EXCEED $225,000.00, TO MIAMI DADE COLLEGE ("MDC") TO UNDERWRITE COSTS ASSOCIATED WITH THE OPERATION OF THE HOSPITALITY AND CULINARY INSTITUTE FOR THE FIRST YEAR, WITH THREE ONE-YEAR OPTIONS TO RENEW FOR A PERIOD NOT TO EXCEED FOUR YEARS; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, AT HIS DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; FUNDS TO BE ALLOCATED FROM SEOPW TAX INCREMENT FUND, ENTITLED "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10050.920101.883000.0000.00000; PROVIDING FOR INCORPORATION OF RECITALS AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is a community redevelopment agency created pursuant to Chapter 163, Florida Statutes, and is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with the 2009 Southeast Overtown/Park West Redevelopment Plan ("Plan"); and WHEREAS, Section 2, Goal 4, at page 11, of the Plan lists the "creation [of] jobs within the community," as a stated redevelopment goal; and WHEREAS, Section 2, Goal 6, at page 11, of the Plan lists "improving the quality of life for residents," as a stated redevelopment goal; and WHEREAS, Section 2, Principle 4, at page 14, of the Plan provides "that employment opportunities be made available to existing residents ...," as a stated redevelopment principle; and WHEREAS, the Board of Commissioners wish to authorize a grant, in an amount not to exceed $225,000.00, for the first year, with three one-year options to renew for a period not to exceed a total of four years and a total not to exceed $900,000.00; and WHEREAS, the Board of Commissioners finds that such a grant would further the aforementioned redevelopment goals and objectives; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: City of Miami Pagel of 2 File ID: 12142 (Revision: A) Printed On: 811612022 File ID: 12142 Enactment Number: CRA-R-22-0025 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 Commissioners hereby authorizes a grant, in an amount not to exceed to $900,000.00, to Miami Dade College ("MDC") for the operation of the Hospitality and Culinary Institute at a new location within the Redevelopment Area, for a four-year period, in an amount not to exceed $225,000.00 per year. Section 3. The Executive Director is authorized to execute all documents necessary for said purpose. Section 4. The Executive Director is authorized to disburse funds, at his discretion, on a reimbursement basis or directly to vendors, upon presentation of sufficiently detailed invoices and satisfactory documentation. Section 5. Funds are to be allocated from SEOPW Tax Increment Fund, entitled "Other Grants and Aids," Account Code No. 10050.920101.883000.0000.00000. Section 6. This Resolution shall become effective immediately upon its adoption. APPROVED AS TO FORM AND LEGAL SUFFICIENCY: V e ounsel 6/27/2022 City of Miami Page 2 of 2 File ID: 12142 (Revision: A) Printed on: 8/16/2022