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HomeMy WebLinkAboutCRA-R-06-0029 Cover MemoSOUTHEAST OVERTOWN/PARK WEST AND OMNI COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM SEOPW & Omni Board of Commissioners Meeting July 31, 2006 Item # 9 Board Chair Michelle Spence -Jones and Members of the CRA Board Date: July 21, 2006 File: 06-01236 Subject: Funding for Interior Build -Out Of Ward Rooming House From: Frank K. Rollason References: Executive Director Enclosures: Supporting Documentation: Legislation RECOMMENDATION: It is recommended that the Southeast Overtown /Park West Community Redevelopment Agency (SEOPW CRA) Board of Commissioners approve and adopt the attached Resolution de -obligating the funding approved in SEOPW Resolution No. 03-12 (copy attached) in the amount of $150,000 for the North 11th Street Rebuild Project and re -appropriating this amount for the purpose of building out the interior of the Ward Rooming House through the City of Miami's Office of Capital Improvements and Transportation. JUSTIFICATION: The restoration of the exterior shell of the Ward Rooming House is nearing completion; the watertight roofing system has to be completed — currently underway and minor punch list items remain. We are now in a position to begin the process of building out the interior for a meaningful use in the community. In that this structure sits in the heart of the Lyric Village in Overtown, it is recommended that it be utilized as a gallery for the display of local artists' works. The funding identified to begin this project immediately in FY'06 is currently appropriated for a Project Design & Environmental Study (PD&E) for the North 11th Street Rebuild Project between Biscayne Boulevard and NW 5th Avenue. City CIT has determined that a full PD&E is not necessary for the rebuilding of North 11th Street and that the funds could be utilized for design and/or construction costs (see attached Project History). In that design work on this project has yet to begin, this funding is available to be transferred to the Ward Rooming House Build -Out Project and can be replaced in subsequent years' budgets when CIT is prepared to go forward with the 11th Street design work. In addition, please be advised, that the FY '07 SEOPW CRA Budget Proposal contains an additional $200,000 to complete this project as necessary. FUNDING SOURCE: SEOPW CRA TIF ACCOUNT NO. 689001.550108.6.860 entitled "Construction in Progress".