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HomeMy WebLinkAboutCRA-R-06-0023 Cover MemoSEOPW & Omni Board of Directors Meeting June 26, 2006 Item # 8 SOUTHEAST OVERTOWN/PARK WEST AND OMNI COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM Chairman Johnny L. Winton and Members of the CRA Board Date: June 16, 2006 File: 06-01032 Subject: Emergency Impact Relief Grant For the Manhattan Cafe From Frank K. Rollason References. Executive Director Enclosures: Supporting Documentation; Legislation RECOMMENDATION: It is recommended that the Board of Commissioners for the Omni Redevelopment District CRA approve and adopt the attached Resolution authorizing the Executive Director to issue an Emergency Impact Relief Grant to the Heather Management Corporation (d/b/a the Manhattan Cafe & Market at 251 NE 14th Street, in the Omni CRA) in the amount of $10,000 to assist in offsetting losses in sales as a result of impacts partially caused by the construction of the PAC Super Block Project. JUSTIFICATION: The Omni CRA Board of Directors approved $4.5 million for the construction of the PAC Suer Block Streetscape Project which includes improvements to NE 14th Street from Biscayne Boulevard to NE 2n Avenue. The Manhattan Cafe is located midway between Biscayne Boulevard and NE 2"d Avenue on the north side of 14th Street and has been in business at this location for the past twelve (12) years. The business has been adversely impacted since the PAC began infrastructure improvements to the road and sidewalk on 14th Street almost four years ago. Several months ago, the contractor hired by the City's CIT Office to construct the PAC Super Block Streetscape Project began construction on the north side of the street making it difficult for customers from both the School Board buildings and the Miami Herald (primary regular customers) from entering the business. Analysis of financial documents from the Cafe's accountants (attached) show that the annual sales revenues in calendar year 2004 were in the amount of $140,868.14 (approximately $11,740.00 per month) and had climbed to $184,373.69 in 2005 (approximately $15,370.00 per month). The figures for the first three months in calendar year 2006 show a drop in sales to approximately $12,800.00 per month resulting in a calculated loss in sales of approximately $2,570.00 per month from the previous year. Also, Ms. Guimaraes came out of pocket $400 for signage in an attempt to redirect access for her customers and an additional $350 for a broken water pipe that the contractors could not or would not determine responsibility — so, she made the repairs after 2 % days without water. Her total documented losses over a 4 month period calculate out to be $11,030.00 ($2,758 per month) which can be reasonably attributed to the compounded demolition and construction of the Super Block project. Therefore, I am recommending to the Board that an Emergency Impact Relief Grant be awarded to the Heather Management Corporation in the amount of $10,000.00 ($2,500 per month over a 4 month period) to assist in offsetting the loses incurred by the Manhattan Cafe during this time frame due to ongoing PAC construction by Miami -Dade County and the PAC Super Block construction by the City. FUNDING SOURCE: $10,000.00 from Omni CRA TIF Account No. 686001.590320.6.940 entitled Other Grants and Aids. FKR/eh