HomeMy WebLinkAboutCRA-R-06-0017 LegislationCity of Miami
Legislation
GRA Resolution
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Miami, FL 33133
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File Number: 06-00681
Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY
AMENDING RESOLUTION NO. CRA-R-05-0049, AS AMENDED BY RESOLUTION
NO. CRA-R-06-0002, ESTABLISHING THE OVERTOWN SMALL BUSINESS
GRANT INITIATIVE, TO INCREASE FUNDING, IN THE AMOUNT OF $50,000.00,
FROM $200,000.00 TO $250,000.00, TO PROVIDE FINANCIAL ASSISTANCE TO
QUALIFIED SMALL BUSINESSES IN OVERTOWN; FUNDS TO BE ALLOCATED
FROM SEOPW TAX INCREMENT FUND, "OTHER GRANTS AND AIDS,"
ACCOUNT CODE NO. 689001.550108.6.940.
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, with funds in the amount of $200,000 allocated for the award
of Grants; and
WHEREAS, by Resolution No. CRA-R-06-0002, passed and adopted on January 30, 2006, the
Resolution was amended to authorize the inclusion of working capital as an eligible use provided that
this use shall not exceed 25% of the total grant; and
WHEREAS, to accommodate the anticipated receipt of additional grant applications, the CRA
Board of Commissioners wishes to increase the authorized allocation of funds in the amount of
$50,000.00, from $200,000.00 to $250,000.00;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS 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, as amended by Resolution No. CRA-R-06-0002,
establishing the Overtown Small Business Grant Initiative, is further amended to increase funding in
the amount of $50,000.00, from $200,000.00 to $250,000.00.
Section 3. Funds are to be allocated from SEOPW Tax Increment Fund, "Other Grants and
Aids," Account Code No. 689001.550108.6.940.
City of Miami
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Printed On: 5/2/2006
Re Number: 06-00681
Section 4. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
NANDEZ
OUNSEL
City of Alianu
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Printed On: 5/2/2006