HomeMy WebLinkAboutCRA-R-05-0050 Cover MemoSOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
Chairman Johnny L. Winton
and Members of the CRA Board
SEOPW & Omni Board Of Directors Meeting
December 15, 2005
Item # 1
Date: December 15, 2005 File: 05-01392
Subject: Authorization for Overtown
3rd Avenue Streetscape Project
Frank K. Rollason References:
Executive Director
Enclosures: Supporting Documentation;
Legislation
RECOMMENDATION:
It is recommended that the Board of Directors fOf the Southeast Overtown/Parkwest Community Redevelopment
Agency (SEOPW CRA) approve and adopt the attached Resolution authorizing the expenditure of funds, in an
amount not to exceed $750,000.00, for streetscape improvements along the 3`d Avenue Business Corridor in
Overtown from NW 7th Street to NW 14th Street within the existing SEOPW CRA boundaries; authorizing the
Executive Director to either disburse said funds directly to vendors selected by the City of Miami Department of
Capital Improvements (CIP) or to authorize the City of Miami to issue purchase orders directly to approved
vendors with funding provided from the appropriate SEOPW CRA Tax Increment Fund (TIF) Account(s)
provided that CIP has demonstrated its compliance with ail applicable rules and regulations governing the award
of contracts to said vendors; acknowledging and accepting that the SEOPW CRA shall maintain any and all
above standard improvements for the life of the CRA; and, further, requesting that the City of Miami waive all
administrative fees as its in -kind contribution toward this project.
JUSTIFICATION:
The 3rd Avenue Business Corridor located within the SEOPW CRA has long been identified as a crucial element
in restoring the financial and economic stability within all of Overtown. This particular roadway is in dire need of
streetscape improvements to enable local merchants and business the opportunity to reasonably compete on a
level playing field with other areas within the City of Miami. This project is designed to make those streetscape
improvements. Funding for this project has been identified and approved for this specific project in the SEOPW
CRA FY '06 Budget.
FUNDING SOURCE: $750,000.00 from SEOPW CRA TIF Account No. 689001.550108.6.860 entitled
"Construction in Progress",
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