HomeMy WebLinkAboutCRA-R-05-0038 Cover Memo•
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SEOPW & Omni Board of Directors Meeting
September 26, 2005
Item # 6
SOUTHEAST OVERTOVVN/PARK VVES I
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
Chairman Johnny L. Winton
And Members of the CRA Board
Date: 09/26/05 rile 05-00888
Subject: Approval for Grant to DMP for
Wrap -around Building Rehab Program
Frank K. Rollason References:
Executive Director
Enclosures: Supporting Documentation;
Legislation
RECOMMENDATION:
It is recommended that the Board of Directors for both the South East Overtown Park West (SEOPW) and
Omni Community Redevelopment Agencies (CRAs) approve and adopt the attached Joint Resolution
authorizing the Executive Director to issue a grant to the Downtown Miami Partnership ("DMP") in an
amount not to exceed $312,500.00 ($156,250 from SEOPW CRA and $156,250 from Omni CRA) for the
purpose of partially funding DMP's new initiative program entitled the "Wrap -around Building Rehab
Program".
JUSTIFICATION:
Under Omni CRA Motion No. M-03-09 approved and adopted on February 24, 2003, a $70,000 grant was
provided to the DMP for painting facades in the Omni CRA Area under a program entitled "Paint the Town
Red". This program was tremendously successful for the Omni Area and as a result of that success; the
DMP desires to expand the program to include more than just facade painting and to extend the program
into the SEOPW Area as well. The new Wrap -around Program (copy of program details attached) will
include four elements, 1) Commercial Building Rehabilitation Program — CBR, 2) Residential Building
Rehabilitation Program — RBR, 3) Hardscape and Landscape Improvement Program — HLIP, and 4) Tenant
ImprovementNanilla Box Program — TIVB. The total budget for this program is established at
$1,625,000.00 of which this CRA grant makes up less than 20%. In addition, the kickoff project facility is to
be the New Masonic Lodge located on the NW 3rd Avenue Business Corridor in Overtown. It is further
understood by DMP that the provision of the funds from this grant is contingent upon DMP's success in
obtaining the balance of the budgeted grants from the other agencies listed in the proposed budget. This
grant complies with the Redevelopment Objectives of both the current SEOPW and Omni Redevelopment
Plans in 1) Maintaining existing businesses and attracting new businesses, 2) Rehabilitating existing
housing, 3) Preserving historic buildings and sites, 4) Removing slum and blighted conditions, 5)
Reinforcing the property tax base, 6) Providing incentives for redevelopment of blighted properties, 7)
Eliminating conditions which contribute to blight, 8) Promoting rehabilitation and maintenance of existing
viable uses and structures, and 9) Rehabilitating the maximum feasible number of housing units.
FUNDING SOURCE: $156,250.00 from FY'06 SEOPW TIF Account No. 689001.550108.6.940 entitled
Other Grants & Aids.
Other Grants & Aids.
FKRIeh
$156,250.00 from FY'06 Omni TIF Account No. 686001.590320.6.940 entitled