HomeMy WebLinkAboutCRA-R-17-0016Southeast Overtown/Park West
Community Redevelopment Agency
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Legislation
CRA Resolution: CRA-R-17-0016
File Number: 1975
Final Action Date:3/21/2017
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AUTHORIZING A GRANT, IN AN AMOUNT NOT TO EXCEED $225,000, TO
HEADLINER MARKET GROUP, INC. TO UNDERWRITE COSTS ASSOCIATED
WITH THE PRODUCTION OF THE 2017 OVERTOWN MUSIC & ARTS
FESTIVAL, SCHEDULED TO OCCUR ON JULY 15, 2017; 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.
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 5, at page 11, of the Plan lists the promotion of "local
cultural events, institutions, and businesses," as a stated redevelopment goal; and
WHEREAS, Section 2, Principle 14, at page 16, of the Plan provides for the "resto[ration
of] a sense of community and unif[ication in] the area culturally," as a stated redevelopment
principle; and
WHEREAS, established in 2001, Headliner Market Group, Inc. ("HMG') is a promotions
and marketing company that has successfully produced numerous music industry -related
events; and
WHEREAS, HMG seeks to leverage its experience and industry contracts in order to
attract visitors to the Southeast Overtown/Park West Redevelopment Area by producing the
2017 Overtown Music & Arts Festival ("Festival') for purposes of stimulating the local economy;
and
WHEREAS, the Festival is scheduled to occur on July 15, 2017 in the former
Entertainment District of Overtown along N.W. 2nd between N.W. 11t" Terrace and N.W. 81"
Street during the hours of 11 a.m. to 6 p.m., and admission would be free to the public; and
WHEREAS, the Festival will entail a showcase of local vendors highlighting their
artwork, local food, and local services, two stages featuring national and local music artists, and
a dedicated "Kid Zone" wherein youth will be able to experience arts and culture through
participation in specially designed hands on activities; and
City of Miami Page 1 of 2 File ID: 1975 (Revision: A) Printed On: 911212022
File ID: 1975
Enactment Number: CRA-R-17-0016
WHEREAS, the Board of Commissioners wish to authorize a grant, in an amount not to
exceed $225,000 to HMG to underwrite costs associated with the production of the Festival; 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:
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 $225,000, to Headliner Market Group, Inc. to underwrite costs associated with the
production of the 2017 Overtown Music & Arts Festival, scheduled to occur on July 15, 2017.
Section 3. The Executive Director is authorized to execute all documents necessary
for the purposes set forth above.
Section 4. 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 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:
Renee Jadusingh Staff Uu nsel S -1412017 Re�iee Jadusingh, Staff C,uunsel 4� i 1/2017
City of Miami Page 2 of 2 File ID: 1975 (Revision: A) Printed on: 911212022