HomeMy WebLinkAboutCRA-R-17-0030File Number: 2355
Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
CRA Resolution: CRA-R-17-0030
Final Action Date:5/22/2017
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 $352,000, TO
CODE FEVER MIAMI, INC., TO UNDERWRITE COSTS ASSOCIATED WITH THE
BUILD OUT OF "TRIBE" — A HUB AND INCUBATOR SPACE FOR STARTUP
TECHNOLOGY BUSINESSES LOCATED AT 937 NW 3RD AVENUE, MIAMI,
FLORIDA; FURTHER 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; ALLOCATING FUNDS FROM SEOPW, "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, Goals 4 and 6, at page 11, of the Plan lists the "creati[on of] jobs
within the community," and "improving the quality of life for residents" as a stated redevelopment
goals; 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, Section 2, Principle 6, at page 15, of the Plan provides that in order to
"address and improve the neighborhood economy and expand economic opportunities of
present and future residents and businesses[,] ... [it is necessary to] support and enhance
existing businesses and ... attract new businesses that provide needed services and economic
opportunities ... ;" and
WHEREAS, Code Fever Miami, Inc. ("Code Fever") is a leader in strengthening urban
entrepreneurship and technology innovations in South Florida; and
WHEREAS, their seminal event, Black Tech Week, is a conference that celebrates
innovators of color in the technology industry. Black Tech Week has received over $1,000,000
in grant funding from James L. Knight Foundation to support their conference and extend Black
Tech Week to include Black Tech Weekend year round and The Simpkins Foundation is also
committed to assisting Code Fever; and
City of Miami Page 1 of 2 File ID: 2355 (Revision:) Printed On: 911412022
File ID: 2355 Enactment Number: CRA-R-17-0030
WHEREAS, Code Fever secured a 5-year lease agreement for 937 NW 3rd Avenue,
Miami, Florida ("Property") to house "TRIBE" — a hub and incubator space for startup technology
businesses; and
WHEREAS, Code Fever now seeks funding from the CRA to assist with the build out of
TRIBE in order to offer year round office space to residents of the Redevelopment Area who are
interested in technology and coding; and
WHEREAS, the total build out cost is approximately $1,000,000, of which The Simpkins
Charitable Foundation will contribute $650,000 and the CRA is being asked to contribute
$352,000; and
WHEREAS, the Board of Commissioners wish to authorize a grant in an amount not to
exceed $352,000 to Code Fever to underwrite costs associated with the build out of "TRIBE" at
the Property; and
WHEREAS, the Board of Commissioners finds that authorizing this Resolution would
further the above mentioned 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 $352,000 to Code Fever Miami, Inc. to underwrite costs associated with the build out
of "TRIBE" — a hub and incubator space for startup technology businesses located at 937 NW
3rd Avenue, Miami, Florida.
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 invoices and satisfactory
documentation.
Section 5. Funds are 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:
Re,iee Jadusmgh,,-9 aff CuL,nsel i 5' 6/2017
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