HomeMy WebLinkAboutCRA-R-04-0006 SEOPW BDGT YR END 2005-09-30FY 2005 CAPITAL IMPROVEMENT PLAN - SEOPW
Southeast Overtown Park West - TIF monies
The proposed SEOPW 2005 Capital Improvement Plan consists of 10 projects with a total value of $3.12 million funded
with SEOPW TIF monies.
The breakdown is as follows:
Proposed Budget
Project Name Amount in FY 2005
Florida Power & Light (9th Street Mall) 320,000
Jackson Soul Food 780,000
Just Right Barber Shop 186,000
Ward Rooming House 600,000
Lyric Plaza 332,000
Masonic Lodge/Net Office 275,000
Miami Midnight Demo Project 200,000
9th Street Pedestrian Mall Extention Project - Community Asphalt 105,759
St John's Projects (Settlement Carve -Out) 252,000
Slain Police Officer Nathaniel Broom Bust for Parking Lot No 3 10,000
Contingency 51,668
3,112, 427
Southeast Overtown Park West - Restricted CIP monies
The CIF' monies assigned to CRA in the amount of $2.7 million are contingent upon further approval from CIP department.
The $2.5 million are related to CRA bond proceeds allocated/assigned for the construction of a new CRA office to be
located within CRA boundaries.
The breakdown is as follows:
Proposed Budget
Project Name Amount in FY 2005
New CRA office 2,585,447
Contingency 108,243
2,693,690
Community Development Block Grant - CDBG monies
The CDBG funds assigned to CRA will be used for acquiring land related to 3 major projects with a total value of $2.9
million. Fund allocations are contingent upon HUD approval.
The breakdown is as follows:
Proposed Budget
Project Name Amount in FY 2005
Overtown Public Gazebo (Food Franchise) - Land Acquisition + Improvements 647,424
Park West Entertainment District - Land Acquisition + Improvements 815,000
Grand Promenade 576,210
Street Sidewalks 926,545
2,965,179
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