HomeMy WebLinkAboutCRA-R-07-0038 Cover Memo•
•
SOUTHEAST OVERTOWNIPARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
SEOPW & Omni Boards of Commissioners Meeting
September 24, 2007
Item # 3
To: Board Chair Michelle Spence -Jones
and Members of the CRA Board
From: James H. Villacort�/%
Executive Director VI
Date: September 14, 2007 File: 07-01027.
Subject: Authorization of $3.6 Mil. For Construction
of 3rd Avenue
References:
Enclosures: Supporting Documentation:
Legislation
BACKGROUND:
The attached Resolution authorizes the expenditure of additional funds, in an amount not to exceed $3,600,000,
for the construction for Streetscape improvements along the 3rd Avenue Business Corridor in Overtown from
Northwest 7th Street to Northwest 14th Street. The Board of Commissioners, by Resolution No. CRA-R-05-0050,
passed and adopted on December 15th, 2005, authorized $750,000 as preliminar,y funding for planning and
design of the 3rd Avenue Streetscape Project. The design is now 98% complete and this resolution funds the
construction phase of this project.
JUSTIFICATION:
The Redevelopment Plan, at Section IV. C. 1., includes as a recommended improvement to: "Rebuild and
beautify NW 3rd Avenue from NW 8th -14th Streets." This resolution carries out that objective.
FUNDING SOURCE: $3,600,000 from SEOPW TIF Fund, entitled "Construction in Progress," Account Code
No. 10050.920101.670000.0000.00000
JHV/pk