HomeMy WebLinkAboutCRA-R-05-0036 Cover memo•
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SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
SEOPW & Omni Board of Directors Meeting
September 26, 2005
Item # 4
To: Chairman Johnny L. Winton
and Members of the CRA Board
From: Frank K. Rollas
Executive Director
Date: 09/15/05 File: 05-00834
Subject: Approval of Grants for Infrastructure
Improvements at Parc Lofts & Filling
Station Lofts
References:
Enclosures: Supporting Documentation;
Legislation
RECOMMENDATION:
It is recommended that the Board of Directors of the Omni Redevelopment District Community
Redevelopment Agency (CRA) approve and adopt the attached Resolution authorizing grants to Urban One
Development, LLC and Filling Station Lofts, LLC for infrastructure improvements (water mains, fire
hydrants, restoration of asphalt and sidewalks, and removal of power poles) associated with the Parc Lofts
and Filling Station Lofts residential projects, on N.E. 1 7th Street just east of North Miami Avenue, in a total
amount not to exceed $112,000.00; contingent upon: (1) the grants being paid on a reimbursement basis;
(2) the improvements being approved by the applicable authorities; (3) demonstration to the satisfaction of
the CRA that full payment has been made for the improvements; and (4) Urban One Development, LLC
agreeing that all reimbursements from Miami -Dade County Water and Sewer Department for installation of
the water mains and fire hydrants will be paid to the CRA.
JUSTIFICATION:
Two residential projects are in the process of being constructed in a blighted area on the west side of the
Omni Redevelopment Area. Parc Lofts is nearing completion with occupancy scheduled for the last quarter
of 2005. The Filling Station Lofts are on track to begin construction in 2006. The water and sewer
infrastructure in this part of the Omni Redevelopment Area was not sufficient to support this magnitude of
residential development; and the Miami -Dade County Water and Sewer Department has required the
replacement of 590 linear feet of water main and fire hydrants along N.E. 17th Street between North Miami
Court and Northeast First Avenue. This work has also required the restoration of associated asphalt paving
and sidewalks. Urban One Development, LLC contracted to perform the upgrades and the water and
sewer work has been completed and paid for at a cost of $144,305.88 (copies of AIA payments documents
and Release of Lien attached). This grant would reimburse $100,000 or approximately 69% of the cost of
the new water main and fire hydrants. The Filling Station Lofts project requires the removal of four power
poles in an alley just east of North Miami Avenue at an estimated cost not to exceed $12,000. These
grants achieve the Omni Redevelopment Plan's objectives of: (1) Providing adequate public utilities and
services for the area's residents and businesses; and (2) Providing incentives for construction of new
housing to attract downtown workers.
FUNDING SOURCE: $112,000.00 from Omni TIF Account No. 686001.590320.6.940, entitled "Other
Grants and Aids."
FKR/eh