HomeMy WebLinkAboutCRA-R-06-0002City of Miami
Legislation
CRA Resolution: CRA-R-06-0002
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 05-01487 Final Action Date: 1/30/2006
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY AMENDING
RESOLUTION NO. CRA-R-05-0049, ESTABLISHING THE OVERTOWN SMALL
BUSINESS GRANT INITIATIVE, TO INCLUDE WORKING CAPITAL AS AN
ELIGIBLE USE OF GRANT FUNDS PROVIDED THAT THIS USE SHALL NOT
EXCEED 25% OF THE TOTAL GRANT.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA")
is responsible for carrying out community redevelopment activities and projects within the Southeast
Overtown/Park West Redevelopment Area in accordance with its approved Redevelopment Plan; and
WHEREAS, by Resolution No. CRA-R-05-0049, passed and adopted on November 3, 2005,
the Board of Directors established the Overtown Small Business Grant Initiative to provide grants for
capital improvements, equipment purchases, and/or strengthening of the asset or inventory base of
long-time small businesses that employ Overtown residents and are located in the general vicinity of
the CRA's 3rd Avenue business corridor; and
WHEREAS, including working capital as an eligible use of grant funds is essential to enable the
businesses to take advantage of the benefits of the initiative; and
WHEREAS, the Board of Directors wishes to authorize the inclusion of working capital as an
eligible use provided that this use shall not exceed 25% of the total grant;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS 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. Resolution No. CRA-R-05-0049, establishing the Overtown Small Business Grant
Initiative, is amended to include working capital as an eligible use of grant funds provided that this
use shall not exceed 25% of the total grant.
Section 3. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
JORGE L. FERNANDEZ
GENERAL COUNSEL
City of Miami Page 1 of 2 File Id: 05-01487 (Version: 2) Printed On: 1/19/2023
File Number: 05-01487 Enactment Number: CRA-R-06-0002
City of Miami Page 2 of 2 File Id: 05-01487 (Version: 2) Printed On: 1/19/2023