HomeMy WebLinkAboutCRA-R-07-0014 Cover Memo•
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SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
SEOPW & Omni Boards of Commissioners Meeting
March 26, 2007
Item # 5
To: Board Chair Michelle Spence -Jones Date: March 19, 2007 File: 07-00350
and Members of the CRA Board
Subject: Authorizing a Grant to Club Twilo for
Infrastructure in the Amount of $57,800
From: James H. Villacort "/ References:
Executive Director
Enclosures: Supporting Documentation and
Legislation
BACKGROUND:
The Resolution authorizes a grant to Players of Miami, LLC, d/b/a Twilo, a club in the Park West Entertainment
District, in the amount of $57,800 for infrastructure improvements required by Floridg Power and Light (FPL).
JUSTIFICATION:
As part of the renovation of the former warehouse at 30 N.E. 11"1 Street, in the Southeast Overtown/Park West
Community Redevelopment Area, Players of Miami, LLC, dlbla Twilo was required by FPL to install a
transformer vault at a cost of $57,800. The club has opened and employs approximately 40 people. Prior to
starting work the owners asked for a grant to cover this infrastructure improvement and this amount was
included in the CRA's grants budget. This grant falls under the current Southeast OvertownlPark West
Redevelopment Plan's objectives of encouraging] day and night activities in Downtown Miami, remov[ing] slum
and blight conditions, and reinforce[ing] the property tax base. (See Southeast Overtown/Park West Community
Redevelopment Plan at page 13, Section III. 8. Redevelopment Objectives)
FUNDING SOURCE:
$57,800 from SEOPW-Other, Account Code No. 10050.920101.883000.0000.00000, entitled "Grants and
Aids."
JHV/eh