HomeMy WebLinkAboutCRA-R-06-0043 Cover MemoSEOPW & Omni Board of Commissioners Meeting
October 30, 2006
Item # 7
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
1NTER-OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones Date: October 20, 2006 File: 06-01864
and Members of the CRA Board
Subject: Recommendation to Approve Grants
For 2007 Art Basel Events
From: James H. Villacorta/'F References:
Executive Director ,
Enclosures: Supporting Documentation;
and Legislation
RECOMM ENDATION:
It is recommended that the Boards of Commissioners for the Southeast Overtown/Park West and Omni
Community Redevelopment Agencies approve the attached Resolution authorizing the Executive Director to
issue grants in an amount not to exceed $75,000 to underwrite events in the Redevelopment Areas in
conjunction with Art Basel 2007; provided that any grant over $4,500, shall be brought before the Board for
ratification.
JUSTIFICATION:
Last year, the Omni CRA sponsored Art Basel events in the area of the Performing Arts Center. This year
artists have approached both CRAs about sponsoring events which will showcase the Southeast
Overtown/Park West Redevelopment Area as well as the Omni Redevelopment Area. Support for these
events is consistent with the redevelopment objectives "of restoring a sense of community" and "Program[ing]
activities and events that recreate the former vitality and atmosphere of the community ..." as provided in
Section III, B., at page 13, and Section IV, M., paragraph 4, at page 97, of the 1982 SEOPW Redevelopment
Plan as well as the revitalization strategy of creating "the image of a desirable high quality 'uptown' district with
an attractive appearance, a 24-hour activity pattern, and a perception of safety and security" as provided in
Section IV, "Redevelopment Proposal," at page 11, of the 1986 Omni Redevelopment Plan.
It is the intent that the Executive Director will release funds on a reimbursement basis or pay vendors directly
upon presentation of invoices and satisfactory documentation. All grants greater than $4,500 would be brought
back before the Board for ratification.
FUNDING SOURCE: $37,500 from Southeast Overtown/Park West Tax Increment Fund, "Other Grants and
Aids", Account Code No. 10050.920101.883000.0000.00000; $37,500 from OMNI Tax Increment Fund,
"Other Grants and Aids," Account Code No. 10040.920101.883000.0000.00000.
JHV/eh
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