HomeMy WebLinkAboutCRA-R-07-0046 Cover Memo•
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SEOPW & Omni Board of Commissioners Meeting
October 29, 2007
Item # 7
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones Date: October 19, 2007 File: 07-01336
and Members of the CRA Board
Subject: Authorization to Issue Grants for
2008 Art Basel Events in the CRA
From: James H. Villa References:
Executive Direct
Enclosures: Legislation
BACKGROUND:
The attached joint Resolution authorizes 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 2008. 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. bp
JUSTIFICATI9N:
The CRAs have sponsored Art Basel events in the Omni and Southeast Overtown/Park West Redevelopment
Areas since 2006 and 2007 respectively. 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
vitalky 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.
FULNNG 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.
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