HomeMy WebLinkAboutCRA-R-06-0048 cover memo•
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SEOPW & Omni Board of Commissioners Meeting
November 27, 2006
Item # 3
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones
and Members of the CRA Board
Date: November 17, 2006 File: 06-02076
Subject: Approval of Grant to DMP for NW 3rdAvenue
Facade Program
From: James H. Villacorta" References:
Interim Executive Director
Enclosures: Supporting Documentation;
and Legislation
BACKGROUND:
The attached Resolution authorizes the Executive Director to issue a grant, in an amount not to exceed
$525,000, to the Downtown Miami Partnership ("DMP") to fund the NW 3`d Avenue Facade Program.
JUSTIFICATION:
Utilizing partial funding from CRA grants, DMP has successfully completed the "Paint the Town Red" facade
program in the Omni Redevelopment Area and is in the midst of the "Wrap -Around Building Rehab Program" in
the Omni and SEOPW Redevelopment Areas. The later program included extensive rehabilitation of the New
Providence Masonic Lodge at 937-939 NW 3`d Avenue. DMP has now proposed a program focused on NW 3rd
Avenue Facades stretching from NW 8th thru NW 14td Streets. The work would be phased to provide maximum
impact prior to the Superbowl in February 2007. This grant meets the objectives of the maintaining existing
businesses, attracting new businesses, preserving historic buildings and sites, removing slum and blighted
conditions, reinforcing the property tax base, and rebuilding and beautifying NW 3rd Avenue as provided in the
SEOPW Redevelopment Plan.
FUNDING SOURCE: $525,000 from FY'07 SEOPW Tax Increment Fund, "Other Grants and Aids," Account
Code No. 10050.920101.883000.0000.00000
JHV/eh