HomeMy WebLinkAboutCRA-R-06-0047 cover memo1
SEOPW & Omni Board of Commissioners Meeting
November 9, 2006
Item # 1
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones Date: November 03, 2006 File: 06-02056
and Members of the CRA Board
From: James H. Villacorta
Interim Executive Director
Subject: Grant to BET Digital Networks, LLC
for the 2007 BET J Superbowl Festival
References:
Enclosures: Supporting Documentation;
and Legislation
RECOMMENDATION:
The Chair of the Southeast Overtown/Park West Community Redevelopment Agency, Commissioner Michelle
Spence -Jones, has requested approval of the attached Resolution authorizing the Executive Director to issue a
grant, in an amount not to exceed $100,000, to BET Digital Networks, LLC, d/b/af BET J, to underwrite a portion
of the 2007 BET J Superbowl Festival at the Lyric Theater, 819 NW 2"d Avenue, Miami, Florida.
JUSTIFICATION:
Support for this event 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 amended.
It is the intent of the Resolution that the Executive Director will release funds on a reimbursement basis or pay
vendors directly upon presentation of invoices and satisfactory documentation.
FUNDING SOURCE:
$100,000 from Southeast Overtown/Park West Tax Increment Fund, "Other Grants and Aids," Account Code
No. 10050.920101.883000.0000.00000.
JHV/eh