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HomeMy WebLinkAboutCRA-R-22-0012Southeast Overtown/Park West Community Redevelopment Agency Legislation CRA Resolution: CRA-R-22-0012 File Number: 11874 Final Action Date:4/28/2022 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA"), AUTHORIZING A GRANT, FOR A FOUR-YEAR PERIOD IN AN AMOUNT NOT TO EXCEED $700,000.00 PER YEAR, OCTOBER 1, 2022 — OCTOBER 1, 2023, OCTOBER 1, 2023 — OCTOBER 1, 2024, OCTOBER 1, 2024 — OCTOBER 1, 2025, AND OCTOBER 1 2025 — OCTOBER 1, 2026 RESPECTFULLY, TOTALING IN AN AMOUNT OF $2.8 MILLION DOLLARS, SUBJECT TO ANNUAL BUDGET APPROVAL, TO THE BLACK ARCHIVES HISTORY AND RESEARCH FOUNDATION OF SOUTH FLORIDA, INC. TO UNDERWRITE COSTS ASSOCIATED WITH THE CONTINUED OPERATION AND PROGRAMMING OF THE LYRIC THEATER CULTURAL HERITAGE INSTITUTE FOR THE $700,000.00 PER YEAR FOR OCTOBER 1, 2022 — OCTOBER 1, 2023, OCTOBER 1, 2023 — OCTOBER 1, 2024, OCTOBER 1, 2024 — OCTOBER 1, 2025, AND OCTOBER 1 2025 — OCTOBER 1, 2026 RESPECTFULLY TOTALING AN AMOUNT OF $2.8 MILLION DOLLARS; FURTHER AUTHORIZING THE EXECUTIVE DIRECTOR TO DISBURSE FUNDS, ON AN ANNUAL BASIS, AT HIS/HER DISCRETION, ON A REIMBURSEMENT BASIS OR DIRECTLY TO VENDORS, UPON PRESENTATION OF INVOICES AND SATISFACTORY DOCUMENTATION; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY FOR SAID PURPOSE; FUNDS TO BE ALLOCATED FROM SEOPW TAX INCREMENT FUND, ENTITLED "OTHER GRANTS AND AIDS," ACCOUNT CODE NO. 10050.920101.883000.0000.00000. 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 1, at page 11, of the Plan lists the "preserv[ation of] historic buildings and community heritage" as a stated redevelopment goal; and WHEREAS, Section 2, Principle 6, at page 15, of the Plan states, "local cultural events, institutions, and businesses are to be promoted" as a stated redevelopment principle; and WHEREAS, Section 2, Principles 8 and 14, at page 15 of the Plan further states that "older buildings that embody the area's cultural past should be restored" and the area's sense of community should be restored and unified culturally; and WHEREAS, Page 93 of the Plan states that "[t]he CRA will assist in The Black Archives, History & Research Foundation of South Florida, Inc.'s on -going efforts to rehabilitate the theater and make available related support facilities;" and City of Miami Page 1 of 3 File ID: 11874 (Revision:) Printed On: 5/3/2022 File ID: 11874 Enactment Number: CRA-R-22-0012 WHEREAS, over the years the CRA has supported Black Archives History and Research Foundation of South Florida, Inc., and were successful in opening the Lyric Theater Cultural Arts Complex ("Lyric Theater').; and WHEREAS, Black Archives History and Research Foundation of South Florida, Inc. has hosted exciting programming such as the South Florida Marching Band Precision Camp, Lyric Live, Visions of our 44t" President, Living Legends, and ICONS; and WHEREAS, Black Archives History and Research Foundation of South Florida, Inc. was able to forge partnerships with the Greater Miami Convention & Visitors Bureau, Visit Florida, Big Bus, the Bass Museum, and Coca-Cola; and WHEREAS, Black Archives History and Research Foundation of South Florida, Inc. seeks support from the CRA to continue operations of the Lyric Theater Cultural Heritage Institute for the 2022 calendar year; and WHEREAS, the Board of Commissioners wish to authorize a grant, in an amount not to exceed $700,000.00 annually for four years, from October 1, 2022 — October 1, 2023, October 1, 2023 — October 1, 2024, October 1, 2024 — October 1, 2025, and October 1 2025 — October 1, 2026 respectfully totaling an amount of $2.8 million dollars, subject to annual budget approval, to Black Archives History and Research Foundation of South Florida, Inc., to underwrite costs associated with the continued operation and programming of the Lyric Theater Cultural Institute for the 2022 calendar year. In addition to providing community event space for programs sponsored by District 5; and WHEREAS, awarding a four year commitment will assist in attracting matching funds to support its programs. It will also assist in expanding Black Archives History and Research Foundation of South Florida, Inc.'s marketing and media efforts, create and attract more programming at the Lyric Theater, and continue to develop its archive collection; and WHEREAS, the Board of Commissioners find that authorization of this Resolution would further the aforementioned redevelopment goal and principles; 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: 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 $700,000.00 annually over the next four years, subject to annual budget approval, totaling an amount of $2.8 million dollars, to Black Archives History and Research Foundation of South Florida, Inc. to underwrite costs associated with the continued operation and programming of the Lyric Theater Cultural Institute or the 2022 calendar year. Section 3. The Executive Director is authorized to disburse funds, at his discretion, on a reimbursement basis or directly to vendors, upon presentation of invoices and satisfactory documentation. Section 4. The Executive Director is authorized to execute all documents necessary for said purpose. City of Miami Page 2 of 3 File ID: 11874 (Revision:) Printed on: 5/3/2022 File ID: 11874 Enactment Number: CRA-R-22-0012 Section 5. $700,000.00 allocated from SEOPW funds derived per year from FY 2023, 2024, 2025, 2026 SEOPW CRA Budget, entitled "Other Grants and Aids," Account 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�ce rows; ,—h'a r Counsel 4/21/2022 City of Miami Page 3 of 3 File ID: 11874 (Revision:) Printed on: 5/3/2022